7 Ways to Make Sure You Keep Your Casino Winnings

7 Ways to Make Sure You Keep Your Casino Winnings

Managing your money is one of the most important disciplines to have when playing at a casino. Probability dictates that your chance of winning the maximum prize is between 1 in 5,000 and 1 in 34 million.Of course, the higher the odds, the higher the winnings.Many people win a little, and they keep playing in an attempt to win big. Before the person realizes it, they lose all of their winnings and more. If you want to make sure that you keep your winnings, there are a few tips that can help:

  • 1. Play at the Right Casinos
  • 2. Budget Your Bankroll
  • 3. Set a Limit Beforehand
  • 4. Practice Emotional Control
  • 5. Don’t Even Think About Borrowing Money
  • 6. Limit Your Play Time
  • 7. Keep Liquor Out of the Equation

1. Play at the Right Casinos

Many people are drawn in by bonuses and promotions, and they fail to look at one of the most important aspects of a casino: withdrawals. Fast withdrawal casinos allow you to rapidly make withdrawals, which is a good thing for anyone who is tempted to keep playing.

The longer that you keep your money in a casino, the more risk of you not withdrawing it and playing just one more game.

2. Budget Your Bankroll

Personal budgeting should play a role in your gambling. You need to start with determining your bankroll entering a casino, and this is just a fancy way of saying the money you’ll be betting at the casino.

When you deplete your bankroll, you can call it a night and leave the casino. Your bankroll should consist of money that you can confidently lose and sleep well at night if you do lose it all.

Knowing how much you can bet when playing online or in person at a casino will help you better manage your winnings, too.

3. Set a Limit Beforehand

Limits are your friend, and you have two main ways to leverage limits to help you keep your winnings:

  1. Set limits on the number of games that you’ll play. When you have game limits in place, you allow yourself time to get out of a streak and enjoy your winnings.
  2. Set a limit on how much of your winnings you can bet.

Setting limits on winnings that you can bet is an excellent strategy for anyone who wants to hold on to their winnings. For example, let’s assume that you’re up £1,000. You might set a limit of 50%, meaning that you can only bet up to £500 and lose it before withdrawing your winnings.

If your winnings go up, you can maintain the 50% rule to ensure that you walk away with winnings in your pocket.

4. Practice Emotional Control

Emotional control is one of the critical differences between amateur and professional gamblers. When professionals enter a casino, they have firm control over their emotions, which goes a long way in preserving their winnings and protecting against losses.

  • Don’t get caught up in the atmosphere and feel obligated to keep your streak alive
  • Don’t let the anger of a loss make you feel that you have to redeem yourself
  • Relax enough that you can continue to play with a clear mind

Emotional control should never be confused with relaxing. When you’re relaxed and passionate, you have a higher chance of winning than when you’re stressed and uninterested.

Control your emotions, but also remember to have fun.

Far too many players, especially at traditional casinos, fall into the trap of the crowd that pushes them to keep playing just one more game. Then, before they know it, their hot streak turns cold, and their winnings are now the casino’s winnings.

5. Don’t Even Think About Borrowing Money

If you have to borrow money to win, you’re risking too much in the process. Many players will charge their credit cards to take a line of credit with the casino to keep playing. These are two of the worst decisions that you can make.

You must pay back the money you borrow, and casinos will hassle you until you do repay them. A general rule of thumb is only to use money that you can afford to lose when playing at a casino.

If you win with the extra money that you have, then great.

But if you lose the money, it’s also not a major concern because you don’t need it to pay your bills. So even if you’re on a hot streak and are tempted to see how far your “luck” can take you, it’s better to withdraw your winnings than to lose it all.

6. Limit Your Play Time

If you’re playing at your favorite online casino, one of the best ways to not lose money is to limit your playtime. It’s easy to play slots, win money and then be stuck trying to reach a bonus’s requirements before calling it quits for the night.

The problem is that you’re less sharp as the night goes on.

When playing poker or a game that requires some level of strategy on your part, it’s best to set some type of limit for yourself. An hour or less is an excellent internal limit to set and will allow you to take the break your mind needs to remain focused when playing.

7. Keep Liquor Out of the Equation

Drinking and gambling are commonly done together. Walk into almost any casino, and you’ll have the opportunity to buy drinks. While a drink may help calm your nerves, drinking too much will impair your judgment.

And what happens with impaired judgment?

You make bad decisions.

Even if you’re gambling at an online casino, it’s tempting to sit down and have a drink. However, one more drink can lead to one more bet and losing all of your winnings in the process.

You should practice self-control when drinking and gambling so that you can keep more of your winnings.

Gambling is a lot of fun, and you can win a lot of money when you gamble. But many players push their luck and will gamble their winnings – and more – away. If you want to keep more of your winnings, the tips above can help.

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