How Do You Pros Manage Your Balance

[slotsoffun]

I'm sure there's as many answers as there are forum members. But how do people approach managing there bankroll? Do you have a set wager each day/week/month. Do you cash out when you reach specific amounts. Do you have more will power than me basically.


I only usually deposit £100 - £200 a week (depending what i've got left after bills etc) so guess that make me a low roller but there's been just to many times i've been £100 - £500 up and either a reversed a withdrawel and lost all or cashed out at the bookies only to visit another on the way home and leave with empty pockets. Every time I end a session I realise how happy i'd be to make £100 a week. But it always goes back in. Call me an addict, call me GREEDY.

Maybe some tips from how others play would be good, inspirational perhaps!!!

[Seventh777]

Well i`m no pro lol, but I handle my balance like thus... When my Neteller account starts filling up (36k max), I transfer to my bank, I never touch the cash in my bank for gambling purposes and I never use my credit/debit cards for depositing, this year however I had another kitty set aside for my sons Xmas box which had all my November and December withdrawals put in, all i`ll say was that was one happy young man lol, especially when he opened his Xmas card and his main present a state of the art telescope , so a good tip here is set yourself some goals on what your winnings could buy, this works for me very well.


P.S.

Ooops my bad, I didn`t really explain my way of gambling, it`s quite simple really I deposit at several casinos, but the amount I deposit at nowadays has been dramatically reduced due to the knock on affect from the world recession, even the once 100% safe and trustworthy MGS casinos are drifting towards the ethics used by RTG, Rival, Top Game, etc, with this in mind I split whatever I have in my betting kitty across the safe casinos (32 Red group, 3Dice, Virgin, Sky Vegas, Ladbrokes), it pays IMHO to refrain from using casinos that are all of the same software, if I start to win at either, I play on, raising stakes to suit until it is obvious the streak is over, then I cash out, all the casinos I now use have no or flushable reverse withdrawal, beat yourself and low will power by removing the source of temptation .

[KasinoKing]

Well I don't call myself a pro either, though I have made profits from online casinos every year since 2001.
(Details here)

I only deposit when I'm getting a decent (or half-decent these days ) bonus. i.e. WR (D+B)x20 absolute maximum and cashable. I have been known to use the occasional Phantom bonus, but only if the WR is pretty low, or the % pretty high.

If I bust out before making the WR I never chase my losses - I just take a different bonus.
If I make WR and have any cashable money left (less than my deposit) I usually withdraw it.
(Sometimes I play on to try to break-even or win - depends how good the whole month is).
If I make WR and have a BIG profit I always withdraw it.

KK

[petro]

I am not a pro but my advice is never gamble unless you have the advantage.
Seems to work for me.

[slotsoffun]

Hmmm

Think I need to look into a Neteller account or Ukash vouchers instead of using my debit card to deposit. I'm fed up of seeing and endless list of datacash.com on my bank statement, I expect my bank manager is to, not that I go into the red or anything, I make sure all my bills are paid first and whats left is mine.

Although I must start being more responsible with withdrawing when up. I was going through all the things my £900 win would get me, now i'm back to saving up. What a TW*T I am.

[slotsoffun]

Well I don't call myself a pro either, though I have made profits from online casinos every year since 2001.
(Details here)

F**K Me!!! KK your site is unreal. It has given me a whole new view on how to approach wagering,banking,bonuses,when to quit. Everyting really.

No play for me today, i'm gonna sit here and design my spreadsheet / journal to keep an I on my profit/loss,deposits, etc. Maybe having something in black and white will keep me on the right track as to thats enough this month or withdraw, withdraw, withdraw.

Absolutely inspirational, and logical when you think about it.

Thanks

[Jufo]

F**K Me!!! KK your site is unreal. It has given me a whole new view on how to approach wagering,banking,bonuses,when to quit. Everyting really.

No play for me today, i'm gonna sit here and design my spreadsheet / journal to keep an I on my profit/loss,deposits, etc. Maybe having something in black and white will keep me on the right track as to thats enough this month or withdraw, withdraw, withdraw.

Absolutely inspirational, and logical when you think about it.

Thanks

Note that it is still not as easy as KasinoKing makes it sound. He makes it sound way too easy imo, and the pitfall is that attempting to play like KasinoKing may give you false sense of confidence. And the slogan "I'll quit as soon as I am ahead" does not work in the long run because it doesn't make any difference if you withdraw when you're ahead and then lose it at another casino. The only way you can win is by being heavily armored with bonuses.

[rainmaker]

Note that it is still not as easy as KasinoKing makes it sound. He makes it sound way too easy imo, and the pitfall is that attempting to play like KasinoKing may give you false sense of confidence. And the slogan "I'll quit as soon as I am ahead" does not work in the long run because it doesn't make any difference if you withdraw when you're ahead and then lose it at another casino. The only way you can win is by being heavily armored with bonuses.

Thats true Jufo.

"Quit as soon as I am ahead"...it sounds like he wount never ever play again.

[petro]

Note that it is still not as easy as KasinoKing makes it sound.

And judging from the amount of KKs PaBs, it is not as safe as it sounds either.

The only way you can win is by being heavily armored with bonuses.

This is not entirely true. You can also win with an ER above 100%. It is not too uncommon even on the internet to encounter VP with ERs above 100%.

[Jufo]

Thats true Jufo.

"Quit as soon as I am ahead"...it sounds like he wount never ever play again.

If it truly meant that, then the player could end up being ahead for the rest of their lifetime. But in practise the player always ends up playing it back somewhere and everyone knows that.