Global Sports: How To Safely Deposit In Online Casinos Without Going Busto

Sunday, June 26, 2011

How To Safely Deposit In Online Casinos Without Going Busto

By Phil Ivens


When you deposit in online casinos, the most important thing you must realize is safe bankroll management. This means that you should have an adequate amount of money set aside specifically for gambling, separate from the money you use for living expenses.

The main reason people set themselves up for failure is because they try to gamble with money that they cannot afford to lose. This can make a player feel emotionally insecure, affecting their moves at the table. When a gambler has enough money saved up that the amount of money they are playing with does not affect them mentally, they are better equipped to perform at an optimum level.

While you gamble, it is important to understand that most gambling games operate on the basis of mathematical variance. What this means is that over a short span of time, no matter how you play, there is a chance that you will either win or lose certain amounts of money. You can only control how well you play in terms of making correct moves, you cannot control the outcome of the cards.

You need to understand variance because without knowledge of how it works, your bankroll can quickly diminish. A player might win $200 in one night, but lose $500 the next, despite playing correctly. You must realize that playing correctly in the long run will create profit. Losing players are the ones that cannot control themselves and decide to bet incorrectly, trying to gamble to gamble to win a quick buck. Don't do this, as it is the sole reason that casinos take your money.

The safest way to make money online is to play at sites that offer you a bonus when you first deposit. Deposit bonuses are when casinos will give you a certain amount of money on top of what you put in. An example - Say you put in $300 on a site that gave a 25% bonus. You would get an additional $75 on top of the $300 you put in, giving you $375 to use.

The catch here is that you must play a certain amount of hands before the casino will let you withdraw. Most of the time, however, as long as the player limits his bet sizes, he or she will be able to clear the bonus without going broke.

Before you deposit in online casinos, make sure that you understand winning bankroll strategy, as without it, you are definitely going to go broke!




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