3 Bankroll Management Tips for iGamers

The safest and easiest way to ensure you have fun each time you log in to your favourite online account to play fruit machines, classic table & card variants, scratchcards, bingo or any other digital entertainment activities available you enjoy playing on that site is to gamble sensibly and responsibly.

I’ve joined countless sites and found that it’s much easier said than done. However, managing your bankroll is much easier today than it was five years ago and beyond, thanks to the numerous safer gambling tools now available on most sites.

Here are three bankroll management tips that all online casino players (aka iGamers) should know about in 2024.

Three tips for managing your bankroll on your favourite sites

To ensure you don’t spend more money than you can afford, I strongly advise you to set a reasonable budget before playing on your favourite sites.

When setting a budget, I always base it on how much disposable income I will have left after all the bills and any other everyday expenses, such as the weekly groceries and other important expenditures, have been bought and paid for.

When you determine your budget, you must then try your hardest to remain within it until the following week or month. To do this, here are three useful tips that I think everyone should know about:

1. Take advantage of your website’s ‘ safer gambling tools .’ On any UK-licensed website and most other sites that are fully licensed and regulated by one or more mid to top-tier licensing authorities, you can opt into responsible gambling settings like session time reminders, spending caps, win/loss limits, and [daily, weekly or monthly] deposit limits
2. Avoid playing your favourite titles in the real money mode while in an altered state of consciousness. For example, in my years of experience playing (and from talking to other like-minded people who enjoy playing on the same or similar sites I have joined), I’ve learned that it’s best to avoid signing in while tired, intoxicated or under the influence of anything mind-altering. It means you will place fewer risky bets and avoid making errors that could prove costly
3. Withdraw your winnings when you have built them up to a certain amount. Leaving your entire bankroll in your account can be too tempting not to spend. For example, if I deposit $/€/£25, and then, by the end of the month, my bankroll is up to $/€/£135.00 or $/€/£170.00, I will typically withdraw the $/€/£110 or $150.00 profit, respectively, and leave the $/€/£10.00 or $/€/£20 in my account for another day

Remembering these three useful tips and then putting them into practice isn’t as difficult as it sounds. When applied correctly, it can help you hold on to your bankroll for much longer periods, extending your average session time so you can play your favourite titles even longer.

Is claiming bonuses a great way to manage my bankroll?

Yes. I would say that claiming as many bonuses as possible is a great way to boost your bankroll. However, claiming some bonuses often requires a minimum deposit of $/€/£10.00 or $/€/£20.00, depending on the bonus.

I would also only ever suggest claiming bonuses recommended by askgamblers.com because the bonuses (welcome bonus, free spins, match deposit, reload bonus etc - featured on their site come with low or medium wagering requirements.

Claiming bonuses won’t always guarantee you will win, and they don’t have to be accepted, but in my experience, they are generally worth claiming, whether it’s ten free spins to try selected online fruitys or a $/€/£2.00 bonus cash that was dropped into my account.

You might turn those 10 FS into $/€/£10 or $/€/£20 (or more), and you might turn that free $/€/£2.00 cash bonus into a tidy profit. It’s free money, so I don’t see any reason to decline bonuses anymore, especially as the wagering requirements on most sites are now lower than ever.

How else can I better manage my bankroll when playing on my favourite sites?

I’ve found that playing in the free-play demo mode, where possible, is a great way to try a game without risking any of my hard-earned cash. Practising in the free-play mode before spending real money also tells me whether I like the game.

If I like that new fruity, then I will switch to playing in real money mode. If I don’t like it after giving it a few minutes of my time, at least I didn’t lose any of my bankroll.

Live dealer games are usually only ever available in the real money mode, whereas most online fruitys and the classics can also be accessed in the free-play demo mode.

I also strongly advise you to remember things like never chasing your losses, always learning the rules and checking the total current stake before hitting the spin/play/deal/draw button (and adjust it accordingly if needed). Also, take frequent session breaks in between playing your favourite titles.

Final thoughts

Besides gambling responsibly like this, I have also found that achieving relative financial security on sites like this is possible by learning the basic rules, odds, and implied probability rates of outcomes before playing anything.

Spending money on a game when you have no idea what you’re doing because you haven’t even read the rules is extremely risky.

Finally, only ever play on fully licensed and regulated sites because they will have thousands of live dealer and computer-generated titles from award-winning providers. In other words, their online fruitys and anything else you can play on that site will have high or above-average return to player (RTP%) payout rates.

Avoid playing on unlicensed and unregulated sites at all costs. Stick to playing on the sites with the highest ratings, as recommended by the experts, because they will help you manage your bankroll by providing a range of effective, safer gambling tools.