We work hard for our money, so it makes sense that we always want to protect ourselves when it comes to spending or saving our money. This can come in many forms – you may want to look for the savings account with the highest interest rate, or the credit card with the lowest interest rate. Maybe you want to sign up to receive cash back when you spend online, or you want to search for the best promo codes or voucher codes to use when shopping online or in person. No matter the circumstance, you want to ensure you get the best value for money at all times – I think we can all agree there’s absolutely nothing worse than finding out after the fact that our deal wasn’t a deal at all.
However, we still want the opportunity to be frivolous with our money when we feel like it. We still want to be able to spend money on luxuries and forms of entertainment – what kind of life would it be if we simply went to work, paid our bills, and slept? One of the biggest forms of entertainment worldwide is gambling, but gambling is also an activity in which you need to be careful with how you manage your money. There are hundreds of online casinos to choose from, and similarly hundreds of review sites like that will help you to not only find the best online casinos, but also to understand how to manage your money when gambling online – and here are 4 of the best tips.
Choose high RTP slots
RTP, which stands for Return to Player, denotes the percentage of wagered money a slot will return to players. RTP is calculated over millions of spins and every single player worldwide, but it serves as an expectation for the amount of money you can expect to lose long term. If a slot is 96% this means it will return 96% of all wagered money. This of course does not mean that for every $1 you spend you’ll get $0.96 back (how boring that would be), but it does mean that for every $1 all players spend, all players will see a return of $0.96. This is referred to as long term predictability, but other factors like the maths model and hit frequency will indicate short term volatility. As such, choosing slots with a higher RTP is the best chance you have of making the most of your money, and the best chance of losing less money overall.
Make the Most of Responsible Gambling Tools
We can all have a bit of a blow-out sometimes. Maybe you spend a bit too much on new clothes for your holiday, you have a few too many drinks on a night out, or you eat too much food on the holidays, it’s normal for us sometimes to overindulge. This will also happen occasionally when you’re gambling online – and it’s nothing to be ashamed of. What you can do to help manage your spending though is utilise the responsible gambling tools available. This can include deposit limits, spending limits, time limits, and taking a break. These are also great preventative tools, helping you to stay in control before any problem arises.
Bonuses are a great opportunity to get more time out of your money when gambling online. You may find offers of cash bonuses, free spins, no deposit bonuses, no wager free spins, or even loyalty points – where you can boost your way to higher loyalty levels to unlock a better experience. By accepting a bonus, you can prolong your entertainment, and claim some free money in the process. This is never truer than when you claim no deposit offers – where you don’t even have to spend any money in order to claim your bonus. Whilst many players worry about the associated requirements to a bonus, like a wagering restriction, it’s important to know that it’s always the right decision to accept any bonus you are offered – who wouldn’t want free cash, and that’s exactly what a bonus is.
Check out Loyalty Schemes and Rewards
Most players are aware that a welcome bonus is on offer upon signing up to an online casino, but many then think the rewards stop there. There are many online casinos, however, who offer ongoing perks and rewards to help you get the most out of your money regardless of whether you’re a brand-new customer, or a loyal customer – the rewards don’t have to stop after you sign up. Ongoing rewards come in many shapes and forms and will often be the same kind of offer as a welcome bonus, but there are also many casinos that operate loyalty schemes. With loyalty schemes you can collect points as you deposit and play, progressing your way to rewards that will make you feel like a true VIP, including days out, faster withdrawals, or even cash rewards and gifts.
By following these 4 tips you can ensure you always get the best possible experience when you choose to gamble online, get the best return for your money, and also keep your spending in check. Gambling can be an addictive activity, so you want to be sure that you approach with the right level of caution – particularly with regards to responsible gambling tools. By erring on the side of caution it means you can return to gambling as a source of entertainment time and time again – which results in you getting an extended amount of entertainment rather than just one night where things get away from you, you lose control, and you find yourself feeling flat and disappointed with where things have ultimately ended up. Rather, if you make smaller deposits and strive to make full use of all bonus offers and rewards available, you’ll find that you can get the best bang for your buck in the long term.