Setting Wagering Limits
Protecting Your Online Bankroll

By
J. Phillip Vogel

Before you logon to the casino, decide exactly how much money you intent to put at risk. Since most players will be using credit cards in some form or another to establish a bankroll, it doesn't take much effort to go back to the cashier every time they get a little short. That's a major no-no, regardless of what your credit limit is.

Whenever I gamble online, I always decide how much I'm willing to charge, and then set a maximum loss limit of 50% of that bankroll. That 50% represents an amount that won't wipe me out, yet still give me a decent amount to compete with. So, if I set up an account for $500, the second I'm out $250, that's it, the show's over. Now, that doesn't mean that you should double what you would have used so you can halve that and have a higher amount. It means you should think about exactly how much you really would put towards your bankroll and use only half of that. Why should you do this? By setting a limit of 50%, you not only prevent the house from totally wiping you out during a particularly bad run, but also you have the first half of a new bankroll already set for the next time you want to play.

In addition to helping you restrict your losses, this method also helps players to take advantage of the deposit bonuses that are so popular with Internet casinos. For example, by depositing $500 at a sit that offers a 10% deposit bonus, you're doubling the bonus knowing you'll only risk half of the bankroll.
Step 2: Establish an Attainable Goal

Protecting Your Bankroll
Step 1: Set Limits
Step 2: Establish an Attainable Goal
Step 3: Follow Your Own Rules

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