How to Successfully Manage Your Bankroll on Mobile

March 22nd, 2018

Regardless of whether you’re on a winning run or losing streak, it’s important to remain in control of your finances and manage your mobile bankroll in a sensible manner. Here are some way to make sure you don’t spend more than what you can afford, no matter which way the wind is blowing.

Some days Lady Luck is on your side and some days she spits in your drink. Whether you win or lose at an online casino depends on her whims and the Random Number Generator (RNG). However, regardless of whether you’re on a winning run or losing streak, it’s important to remain in control of your finances and manage your mobile bankroll in a sensible manner. Here are some way to make sure you don’t spend more than what you can afford, no matter which way the wind is blowing.

Budget like a Chancellor

You don’t need to be Chancellor of the Exchequer to set a budget. As well as protecting your funds from outside sources, you also want to protect them from yourself. It is very easy to lose yourself in the belief that the next bet will come in, and this is fine as long as you have the funds to spend and are enjoying yourself.

Before you start gambling on your mobile be honest with yourself as to how much you can afford to lose before it affects your spending on goods and services. Most casinos will allow you to impose a daily or weekly limit on your account so that it is impossible to overspend.

Protect Your Funds

Mobile casinos keep their data and banking details protected on encrypted online servers, but there are steps you can take on your end to make sure your funds remain secure. Change your casino account password regularly to stop potential hackers guessing it. You should also be checking your casino and bank accounts on a regular basis to make sure nothing untoward is going on.

You can lock your phone in a similar way through a key code or by drawing a memorable pattern. The newest smart phones and tablets come with an array of security features for you to protect your device, such as fingerprint scanning and face recognition. Ensure that you have these activated in case your phone is lost or stolen and if it is you can ask your phone provider to block the device so it can't be used.

Mobile Phone Security Apps

It is a common myth that iOS for iPhone can't be infected with computer viruses. Unfortunately, just like Android, the mobile operating system is susceptible to viruses and scam programs. Security software companies now offer anti-virus apps specifically tailored to keep an eye on your phone. You may even be able to use the same one for all of your mobile and desktop devices.

Check out the iTunes or Google Play store to see what is available. Most companies offer a basic free service that you can try before upgrading for more security features.

Keep Your Books Balanced

Another way to manage your mobile bankroll is to separate winnings from deposits made into your casino account. This may not be simple to do, as any winnings will likely drop straight back into your casino account alongside your deposits in one big pot. However, some casinos are aware that players like to keep deposits separate from their winnings, offering to keep them in separate funds.

If your casino doesn’t offer this option, then it’s up to you to keep track of what you win and withdraw it. This will keep you from spending all of your winnings and allow you to enjoy the fruits of your gambling. Online and eWallet accounts such as PayPal or Neteller make this a quick and easy transaction, but check first if your casino charges for withdrawals.

Move Your Money Regularly

If you find that you’ve lost your gambling mojo, there’s no harm in taking a break. At times like this it’s often a good idea to withdraw all of your funds from your casino account until you’re ready to go back. The money is not going to do any good sitting in an account you’re not using.

Play Games with High RTPs

While you can't predict when a game is going to pay out, the return to player (RTP) value will give a good indication of how often it rewards gamers. The higher the percentage, the more it pays out and the more likely you are to win. Do some research into the types of games you like to play and read reviews to find out their RTP. There are also factors like the highest jackpot, cash or casino bonuses to take into account. Playing more generous games will help you stay in the black.