In the world of online gaming, where fortunes are won and lost with each roll of the dice or spin of the wheel, the importance of gambling responsibly cannot be overstated. While playing your favorite online casino game can be a great way to unwind and have fun, it’s important to remain mindful of the risks involved. You need to be able to set boundaries to safeguard your financial well-being and maintain control over your gambling habits.
This blog explores the crucial topic of setting casino limits when you gamble online so that you don’t let the allure of potential winnings overshadow your considerations of the potential risks involved. By implementing effective strategies for managing both your time and money when playing online casino games, you can enhance your overall gaming experience while minimizing the potential for adverse outcomes.
BetMGM encourages responsible gambling across all its online casino games. Whether you’re sitting down for a few hands of Texas hold’em, or testing your luck on the roulette wheel, BetMGM’s commitment to responsible gambling is centered around helping you stay safe while you’re having fun.
Read on to find out more about why you should use time management tips and casino bankroll management limits, as well as for advice on managing your time and money when playing specific games.
Why You Should Set Time and Money Limits
If you’ve ever felt that you might be spending too much time and money playing casino games online, time and money limits can put you back in the driver’s seat and help you keep your gambling habits sustainable. Whether you’re on a roll or you’re having a streak of bad luck, it can sometimes be hard to keep track of how much of your day and your cash is spent at the casino. Limits provide a useful reality check to let you know exactly how much time and money you’ve spent. Remember that, ultimately, going to the casino is all about having fun.
How To Set Limits at BetMGM
Before you jump into a game, it’s important to understand how online casinos work and how they differ from in-person casinos. BetMGM encourages people to play responsibly. This is why it’s implemented a comprehensive spending limit system for its online players. After specifying your daily spending limit, the system will send you a warning whenever you exceed that threshold. The warning will be displayed when you try to enter a new game or when you’re buying into the current game again.
You can also implement a time limit. This feature allows you to limit the number of hours you can access online games. Once you’ve set your daily maximum, the timer decreases whenever you’re logged in, not just when you’re in a game.
A further option is a daily deposit limit. Deposit limits are very effective safety measures, especially when combined with a spending or time limit. Your deposit limit can be adjusted on the Responsible Gaming Limits page. Once you’ve changed your limit, it’ll take 24 hours to come into effect.
Managing Your Bankroll in Online Casino Games
Setting up limits with your online casino is always a great idea, but it’s also worth thinking about how much you’re willing to spend on each game. Take some time to decide on your maximum spend before you start a new game, as you’ll then be more likely to stay in control.
Take a closer look at some casino games and consider how to use spending limits to manage your bankroll.
Setting Casino Limits When You Play Slots Online
Online slots are some of the most popular casino games, and for good reason. They captivate players with their visual appeal, simplicity, and thrill. However, it’s all too easy to get blinded by the thrill of spinning the wheels and excitedly waiting to see if you’ve landed a winning combination. This often results in players spending more than they budgeted for, or running through their slot bankroll too quickly because they weren’t being mindful about their bets.
When you’re playing real money slot games, keeping an eye on your balance is essential to ensure you’re not spending too much. If you know you’ll be playing over a number of sessions, be sure to budget for each one. You don’t want to lose all your money in the first game and be tempted to buy back in. Dividing your spending limit by the number of sessions is an easy way to do this.
You should also think carefully about coin values when you’re playing. You can choose a range of different stakes when you play slots online. Yes, the higher the stakes, the higher the potential payout (especially for certain slots that only unlock the jackpots for high rollers), but there’s also more risk of losing larger amounts of money. If you’re new to online slots or you just want to keep things fun, stick with small coin values to extend your gameplay as long as possible.
Setting Limits for Online Roulette
Roulette is another giant of the online gambling world. Its straightforward gameplay and substantial reward potential, not to mention the fact that roulette has the best house edge, have made it one of the most popular casino games ever. BetMGM features a wide selection of low- and high-stakes games for roulette lovers to enjoy.
Roulette is indeed a great casino game, but you need to have a good money management system in place to really enjoy it. As with slots, one of the best roulette bankroll management tips is to limit your bet size on each spin. This not only means that you’ll be able to play longer but also that, should you lose a bet, you’re less likely to suffer a big loss.
You should also wager on the bets with the best odds, even if the payout is less because that’ll increase your chances of making your money back in the long run. Yes, it may be tempting to go big on a wager with a large potential payout, like a single number, but these bets pay out a lot precisely because they’re so hard to land. Instead, place your bets on options with better odds of landing — options that can lead to more consistent returns, such as red or black, odd or even, or columns and dozens. This methodical betting enhances your ability to recoup investments over time, making for a more enjoyable and potentially profitable roulette experience.
Remember, a successful roulette strategy isn’t just about the bets you place; it’s also about the bets you don’t. Setting and adhering to limits is the hallmark of a disciplined gambler. So, set responsible roulette betting limits and time limits so that you can spin the wheel with confidence, knowing that you’re in control of every wager and every moment.
Setting Limits for Online Blackjack
There are a few different ways to play blackjack online, from virtual hands to live dealer games. However you choose to play, you should always know how much you’re willing to spend before the first hand is dealt.
In order to get the most bang for your buck, you should avoid side bets in blackjack. Just like the riskier bets in roulette, it may be tempting to put your money on a side wager like a perfect pair or a 21+3, but again, winning these bets is very rare, which is why they pay so much.
It’s also important to familiarize yourself with the different variants of blackjack and to choose the one that’s most likely to benefit you while you play. This involves picking a game that offers a good return to player (RTP) percentage, which can maximize your chances of a return over time. You should also pick a version of blackjack where the dealer has to stand on a soft 17. This gives you the best chance of winning and making your money back.
Setting Betting and Time Limits for Online Poker
Poker is the king of casino table games. The combination of skill and luck that’s required is enticing to players, but even the best poker players in the world can lose lots of money if they’re not careful.
This is why there are two things you should keep in mind when playing poker if you don’t want to run out of money quickly:
- Play games with wagers at your skill level: In poker, the general rule of thumb is the higher the stakes, the better the players. This is why you should avoid playing games where the buy-in and blinds are expensive, as you might lose all your money incredibly quickly to players who can easily spot that you’re not quite on their level.
- Be patient: Poker has elements of skill, but sometimes you can just have a bad run of luck. If you’re playing well but still losing, just be patient. Don’t go outside of your budget during a game or session in the hope that your luck will change.
Something to be aware of when participating in online poker tournaments is re-buying — when you run out of chips in the game but want to keep playing, so you buy back into the tournament. The problem is this usually happens after a big all-in loss when emotions are running high, meaning that buying back in could be a bad idea. If you do run out of chips, step away from the game for a moment. You may regret jumping straight back into the action if you don’t.
Here are a few extra tips to help you manage your poker bankroll:
- Set clear betting limits: Before starting your poker session, decide on the maximum amount you’re willing to bet and stick to it. This will help you avoid impulsive decisions and ensure you don’t spend more than you can afford to lose.
- Time management: Allocate a specific amount of time to your poker sessions and take regular breaks. This will give your mind a well-deserved rest and reset, helping you to stay focused and prevent fatigue, which often leads to impulsive decisions and easily avoidable mistakes.
- Avoid chasing losses: If you find yourself on a losing streak, resist the temptation to continue playing in an attempt to recover your losses. This often leads to further losses and can quickly deplete your bankroll.
- Use responsible gambling tools: Many online platforms, including BetMGM, offer tools to set betting and time limits. Utilize these features to help you manage your play effectively.
Register at BetMGM for the Best Gambling Experience Around
If you’d like to play casino games online, there’s only one online casino you should visit: BetMGM. Register now to discover an incredible variety of games, including online slots, roulette, poker, and more — all of which you can enjoy whenever it suits your schedule.
BetMGM firmly believes that responsible gambling is the best type of gambling. So, as long as you’re physically located in New Jersey, Pennsylvania, Michigan, or West Virginia, where BetMGM is legally active, all you need to do is sign up, set your time and money limits, and jump right in. If it’s your first visit to the site, start off with the BetMGM Casino Welcome Bonus, valid for new player registrations.
