You have signed up to an online casino and accepted a juicy welcome bonus. You have had an exciting and enjoyable time, playing blackjack, slots, and live roulette. Without realising you have a significant profit and you have also easily cleared the wagering requirements in order to cash out your winnings.
A dilemma has arisen! Should you stop while you are ahead or should you carry on with the prospect of perhaps losing it all? There are several ways to analyse what you should do.
Playing at a casino should be considered a leisure activity. If you are really enjoying yourself and the money is of no concern, then carry on playing, remember casinos are for fun and enjoyment, they should not just be about making money. Think of it like this, the money you spend at a casino should be for entertainment as if you were going out for the night with your friends, if you happen to win then great – you just got paid for having a good time!
If money is of more importance, but you still want to carry on, but don’t like the thought of losing all the money you have won, then a good idea is to introduce a fail safe. Cash out your initial deposit, plus some winnings and leave the remainder of your bankroll in your account in order to continue gambling. Therefore, if you do happen to lose the remainder you won’t go onto lose all the money that you had won. If you are extremely lucky you might continue to have a really great night and continue winning. An important point to note, when you cash out, ask the casino to FLUSH your withdrawal, this means you CANNOT reverse your withdrawal as many people will admit, it can be very tempting.
One thing to bear in mind, gamble responsibly and only what you can afford. If you have had an unlucky day and your session has finished before it had even began, try not to redeposit and chase losses, especially if you cannot afford it. All casinos allow you to set deposit limits, for example setting a certain amount you can deposit in one month or over a set period of time. This can prevent addiction and loses from becoming out of control.
Another way to combat this, is to reduce the stakes that you play and this will make the session last longer and hopefully with a nice profit at the end. Instead of playing £1 a spin on online slots, play only 50p or instead of playing £10 a hand at blackjack play only £5.
In conclusion have fun, it should not just be about the winning of money (although this does make it more pleasurable) and know when to stop when push comes to shove.
