How to Manage your Bankroll
Bankroll management is something you absolutely must master if you want your casino sessions to go smoothly. Although all online casinos are governed purely by chance, there are still plenty of ways in which you can exert an influence on your balance.
From the moment you deposit money on a site, there are certain rules you'll need to follow.
We've been playing at online casinos for several years now. We've made a lot of mistakes, which have helped us improve our money management over the years.
Whether you're an expert or a complete novice, you're sure to find something that will suit you in our article.
Building a bankroll
The first thing to do before taking the plunge at an online casino is to build up a bankroll.
But how do you do that?
We're not going to tell you how much to deposit at an online casino. That's up to you.
However, keep one thing in mind: any money you deposit at an online casino should be considered a foregone conclusion!
Play only what you can afford to lose.
So set yourself a specific budget for that particular online casino. For example, allow yourself 1% of your monthly salary.
Here's a tip: we advise you to set a monthly deposit limit directly on your player account at the online casino that you have chosen to play at.
At Millionz Casino, you can set daily, weekly and monthly limits in the Responsible Gambling section of the platform.
Take advantage of bonuses
Now that you've got an idea of how much you're going to deposit, it's time to find out where to do it. Here's a list of our favorite casinos.
Here, you'll still be required to make a minimum deposit of between $10 and $20.
If you trust us, you can even take advantage of the exclusive welcome bonuses on offer at these highly reputable gaming platforms:
Millionz Casino: 100% Welcome Package up to $1,000 + 50 Free Spins.
MyEmpire Casino: Up to $1,200 + 300 Free Spins.
Casimba Casino: 200% Welcome Bonus up to $5,000 + 50 Free Spins.
Playfina Casino: 100% 1st deposit bonus up to $295 + 200 Free Spins.
Wild Fortune Casino: 100% 1st deposit bonus up to $150 + 100 Free Spins.
Understanding the game rules
Once you've deposited your money, it's important to understand how the different games you'll find at the online casino work.
This is because, even if your desires and choices won't affect the spins on a slot machine, it's always better to understand the game and the rules that govern it.
That's why we recommend reading the slot machine rules.
If you'd like to find out more about a particular game, we've listed the best games in the slots section of the Lucky7Bonus website.
But it's not just slots. The live games section may also be of interest to you. It includes games such as the following:
When it comes to table games, you're in charge. But to make the right choices, you need to understand the rules.
We know that some games can be difficult to understand. That's why we've produced comprehensive articles on the most popular games.
If you’d like to read more regarding these topics, you can find them in our blog, in the rules section.
If you'd like to adopt a strategy or use mathematically optimal playing techniques, such as the blackjack board, you can find our articles on this subject in the tutorial section.
Here, there are also articles explaining how the online casino world works, and tips for improving the overall user experience.
How much should I bet?
How much should I bet? This is the existential question that all casino players ask themselves. It may seem like a trivial question, but it's one of crucial importance.
Our extensive casino experience enables us to give you two key pieces of advice. Your stake will vary according to two factors:
The way you play: You determine the risk you'll take on each spin. Bet big to try and win bigger, but with a greater risk of losing your entire bankroll quickly.
The type of game you're going to play: The bets that you will be required to make will be different depending on, for instance, if you decide to play blackjack or slots.
Live dealer games
When playing live dealer games, your stakes will be required to be higher than if you were playing elsewhere.
In blackjack, for instance, these can represent up to 10% of your balance. For more aggressive players, this figure can be even larger.
For our part, it depends on the balance we have. If we're close to the end, we bet up to 100% of our balance. On the other hand, if our balance has risen well, our bets represent 5 to 10%.
We recommend that you manage your bets according to how you feel. The most important thing is to always stick to your game plan.
Slot machines
On average, slot machines have a theoretical return to player (RTP) of 96%. However, some games are highly volatile, while others are much less so.
When playing highly volatile slot machines like Gates of Olympus or Mental, our initial bet represents between 0.10% and 0.20% of our balance. This gives us plenty of leeway if the slot is fickle.
For medium or even low volatility slot machines, our bet reaches 0.50% of our balance. This may be a lot for some people, but these games tend to give money back more regularly.
Sweet Bonanza is a fairly low volatility game, and is one which we, in particular, play a lot.
Bonus Hunt
The bonus hunt consists of going to a slot machine, getting the bonus, and leaving the game before the free games start. Many players engage in this plan of action, but it's pretty hard to know the perfect bet beforehand.
When we make one, our bet averages 0.1% of our starting balance. However, we can change this depending on how the bonus hunt goes.
If it goes well, we increase it to 0.5% of the stake as we approach the end of our balance.
Before starting your own bonus hunt, we highly recommend that you ensure that the online casino that you have chosen to play at accepts this.
Bankroll management strategies
Right from the start, we've been telling you what to look out for. Since we started playing at casinos, we've tried a number of different bankroll management strategies.
There are three that we use very regularly, and which can suit any type of player.
Of course, you can have the best bankroll management in the world - online casinos are based solely on chance.
Even if you follow our advice to the letter, if luck isn't on your side, you could lose everything.
Flat Betting
Flat betting management is highly regarded for its ease of use. The concept is simple:
You always bet the same thing, no matter how much your bankroll grows.
It's a technique that's much more suitable for people who don't want to bother with having to think about what bets to make.
We use it a lot when we have an ongoing bonus. It helps us know where we are in the wager.
Evolutionary betting
The second strategy is the evolving bet. Depending on how your gaming session goes, you won't always stay at the same stake.
If it's going well, we advise you to increase your starting stake. From 0.2% to 0.3%, or even 0.4% of your balance.
If luck is no longer on your side, you can also lower your starting stake to 0.1% or even 0.05% of your balance.
In this regard, we highly recommend that you set your own thresholds before changing your stake. If you have $150, for instance, change your stake only if you reach $100 or $200.
Confidence index
How you feel is also very important. If you think the odds are in your favor, you can try to increase your bet.
On the other hand, if you feel that the slot machines are not responding favorably, you can reduce your initial bet.
Contrary to what you might believe, feeling is a very important aspect to take into consideration when playing at an online casino.
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