Whenever a gamer activates his or her Jackpot Casino Login, they are committing themselves to a large degree to using money to play our casino games. It is also true that Jackpot Capital offers unlimited free play but the overwhelming number of gaming sessions are done with real money.
Happy and fun gaming is achieved through proper management of one’s money.
This is an obvious fact in every aspect of our lives from the size of the house or apartment we live in, to the age, make, and model of car we drive, to the clothes we wear, to the number of theater or sports tickets we can buy per year, to the number of times we can eat out, and the types of restaurants we go to.
And this is a short list!
How Can Gamers Best Manage Money?
There are a few excellent money management tips that we can offer gamers here at Jackpot Capital.
Take Deposit Bonus Offers
This is a kind of collection tip. It is not a playing tip. The playing tips will follow. Simply put, a deposit bonus increases by the size of the bonus, the amount of money you will have to play our great games. The bonus rate is also important. A bonus rate of 100% is much better than a bonus rate of 50%.
Every bonus comes with a wagering requirement. This is a factor of the bonus that you have to bet before you can withdraw any winnings. This is a fair aspect of any deposit bonus since it prevents an unscrupulous gamer (certainly not you!) from taking the bonus and cashing out immediately!
This did happen in the early years until online casinos figured out how to stop it.
Happy and fun online casino gaming is all about using the money at hand to responsibly decide how to allocate that money.
Imagine That You Have a Lot of Pockets
You put the money you need for this or that in its appropriate pocket. Then you don’t see the money again until you take it out of pocket to pay for its intended expense.
First you have to know how much money you have in the aggregate. Here is where online casino deposit bonuses have a great effect. The bonus money can be applied only to your online casino gaming budget so “put the money” in that pocket immediately.
Now, figure out how much money you have available for all other expenses. It is best, in fact, it is quite necessary, to begin with your available money after AFTER TAXES! How much will you earn this year; what is the tax rate in your city, state, and country? These sums have to be subtracted from the gross amount of money you earn. You should also subtract sales tax or value-added tax.
You will see that even people with quite high gross incomes have a lot less to spend on necessities and fun and games after all taxes have been added to the calculation.
Itemize All of Your Expenditures
It is correct to have two lists here. First are the absolute necessities. Second, are the items that come under the heading of fun and games. We all know what we like to do for fun and games so we don’t have to try to come up with a comprehensive list.
But you should try to come up with a comprehensive list. Cheese might be a necessity but the expensive brie that you like might best be listed under fun and games!
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This Sounds Like a Total Downer
Actually, it is quite the opposite. Gamers who play without a sound financial budget often play under unnecessary stress. This detracts greatly from the fun side of online casino gaming.
When you play with a good money budget, you can play with a relaxed and confident manner. You will know that even if you have an unlucky streak, you will not lose more than you had budgeted to play with and, if you have a lucky streak, you will be able to earmark your winnings towards the next session.
Learn to Play Video Poker and Blackjack
A lot of gamers prefer to play slots which is fine as long as you stay within your budget. But learning the proper strategies for blackjack and video poker is a great budget saver. That’s because, with correct play on every hand, the return to player rate in these two great games of skill is about 99.5%. You can play for a long time and have plenty of money to show for your efforts when you play video poker and blackjack correctly.
Good Money Management Means Playing Online
A lot of land-based casinos have found ways to pay players less than we here at Jackpot Capital pay our gamers. This fits perfectly into our discussion of good money management. In addition, good money management means not paying to travel to a land-based casino when you can play from the comfort of your home.
Let’s see how gamers may get shorted by some land-based casinos. In slots, every game, both here at our great online casino and at land-based casinos, the random number generator determines the outcomes of every spin. But the RNG can be calibrated. In slots, we ask our game provider, SpinLogic, to calibrate the RNG to return about 97% of all money bet to gamers. Many land-based casinos calibrate the RNG in slots to return closer to 80% of all money wagered.
In blackjack, we pay 3-2 for a blackjack while many land-based casinos pay only 6-5 for a blackjack. in video poker, we pay 9-6 for a full house and a flush while many land-based casinos pay only 8-5 or even 7-5 for a full house and a flush.
Play Progressive Jackpot Slots Carefully
In order to qualify for the big jackpots in these slots, you have to bet the maximum on the winning payline. This can get quite expensive so we urge all of our gamers to play progressive jackpot slots carefully.
Be Aware of Volatility
In slots, volatility means how winnings are distributed. High volatility means that there are relatively few winning spins and they pay relatively high amounts while low volatility is the opposite. Good money management may mean playing low-volatility slots over high-volatility ones.
Good Money Management Means Never Using a Betting System
In plain language, betting systems do not work. If they did, all casinos would quickly go bankrupt. Since that is not happening, you can be sure that betting systems do not work.
The key reason these systems do not work is that they don’t take the inevitable losing streak into account. Even a very short losing streak will create a situation where the gamer is asked to make a very unreasonable bet, especially from the sound money management point of view.
Happy Gaming Means Gaming with Money Earmarked Specifically for Gaming
Here at Jackpot Capital, we want all of our many thousands of gamers to have happy and fun gaming sessions. Sound money management is a major part of the happiness and fun of online casino gaming.
There are many other reasons to play here at Jackpot Capital. We will continue this discussion in upcoming articles. For now, we invite you to…
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