Managing Your Money When You Are Losing On A Casino

If you find yourself in the difficult and disheartening position of losing in a casino, it can feel like you’re trapped in a negative spiral and your next moves can be make or break for your bankroll, so here is how you can best manage your money when you are on a dreaded losing streak from slot games such as Starburst!

Make a separate budget for gambling 

The ideal way to manage your money when you are on a losing streak at the casino or whilst playing at an online casino is to create a separate account which is solely for your gambling. This will ensure that even if you find yourself losing, even if all that money is depleted, you won’t put yourself in a financially problematic situation as your money for your bills, mortgage and food etc is in a separate account which is not used for gambling. This also means that you don’t have to put your trust in your willpower which can falter when we get carried away having fun or when we are tempted to chase our losses. This is one of the best ways to manage your money and control and limit your spending so that you aren’t tempted to dip onto money that you don’t class as disposable income. Make this budget before you play and don’t be tempted to increase this budget if you’re losing – when the funds are gone, it’s time to stop playing!  

Play games with a high RTP 

You work hard for your money and you want to enjoy spending it, we get it, and this is why it can be disheartening when you’re playing your favourite casino games when you hit a losing streak, whether that be blackjack, poker or slot games. It happens to everyone and it’s important to have the right mind-set and to take the losses with the wins as with gambling losses are inevitable!  

One way to give you the best chance of winning, in the long run, is to play games which have a high return to player rate so that have the best chance of winning. If you’re onto a losing streak, it could also be worth trying to play games with big payouts like progressive slots so that if you win, you stand a chance of recuperating your losses. This tactic only works if you only gamble within your set budget so that you don’t end up spending more than you can afford, of course.  

Remember, gambling is about having fun – even if you lose! 

Managing your money is integral to the enjoyment of gambling and can help you to ensure that even if you’re losing, you won’t put yourself in a difficult position financially. But ultimately if you’re going to gamble you have to accept that you win some and you lose some and to lose with pride without beating yourself up about loses. Winning is a bonus but gambling is all about the thrill of the experience as a whole and if you manage your budget successfully, even if you lose, you can still end the game as a winner as you’ve had a blast.