Best way to manage casino winnings? Reward yourself!
If you’ve spent
any decent amount of time gambling, you’ve probably noticed that live
and online casinos can be quite stingy! This is to be expected,
though. They aren’t in business to make everyone a winner. More
people have to lose than win to keep the casino from going bankrupt.
It’s the nature of the game.
For this reason,
no responsible player will ever enter a casino expecting to win.
Hoping to win is fine, but expecting it can be a grievous and costly
error. So on those less frequent occasions when you do come out
ahead, make sure to appreciate the experience to the fullest.
Best Way to Manage Casino Winnings – Reward
Do you know what
the most common response is when a player wins money? It’s to
reinvest the winnings back into the casino. Players are so excited by
a win that they wish to get that feeling again, thus they put every
dime right back into the games that gave them that surge of
what the casinos are hoping you’ll do. Online casinos will make you
wait a few days to get your winnings in hand, hoping you’ll change
your mind and play it through. Live casino may offer you a nice comp
to keep you from walking out with the cash. Don’t fall for these
tactics! If available, take the comps, by all means – there’s
nothing wrong with accepting free drinks and food – but don’t let
temptation get the better of you. Cash out the winnings and move on.
If you put that
cash back into a slot machine or video poker game, or use it to buy
more chips at the tables, odds are the game’s negative expectation
will catch up with you. You’re only going to lose that money back to
the casino. Then you have nothing to show for your profitable
experience but a few more moments of fun. Instead, leave the casino
and reward yourself with something more meaningful.
Ways To Reward Yourself with a Casino Win
There are so
many ways you could spend that profit to reward yourself. It all
depends on how much money you’ve won, of course. Think a bout what
you like, and what you can afford with that extra cash.
If it’s a low
amount, $20 or so, treat yourself to something small but pleasing.
Ladies might enjoy new make-up or hair products. Men might appreciate
a new wallet, money clip or shaving kit. Grab an accessory for your
smartphone or tablet, or enjoy a few drinks at the local pub with
If you get lucky
enough to win a large amount of money, go big! Purchase that item
you’ve been putting off because it’s not in your budget. This is your
shining moment, and you want to remember it! Because chances are it
won’t happen again for a while.
Managing Your Bankroll Comes First
Before you go
spending all your money in hopes of winning cash to splurge with,
remember that your bankroll management is far more important that
managing casino winnings. The whole reason you get to splurge the
winnings is because that cash isn’t needed elsewhere. Your bankroll
should be made of up nothing more than extra spending cash you set
aside for entertainment purposes. If you lose it, you had fun. But if
you win, you should get to enjoy something grand to commemorate the
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(Remember to gamble responsibly)