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Managing your money at the online casinos

 Now there are so many online casinos to choose from, the options for playing different games and placing wagers on all kinds of events are as varied as if you were playing in a land based casino. Given these options with the thrill of gambling added it is easy to let things get a little out of control. Once you have selected one from the many online casinos to choose from it is imperative to pay some attention to how you manage your money. Many people enter online casinos thinking they have a sure fire and clear cut betting system or strategy, intended to increase the odds of winning.

 In the history of gaming and gambling there has never been a betting system that is proven to work. They have bizarre and alluring names like Martingale, d'Alembert and Sleeping Cheval and the fact is these systems do exist, but remember, they are just theories. Really, the only sure fire bet is, the online casinos will win. These strategies exist on the premise that by risking more and more money you will eventually win big. The idea is that by doubling your bet after each loss you will eventually win enough to recoup the losses plus win a profit equal to the original stake. These strategies are all well and good if the player has infinite wealth, as something will come up, but how many of us gambling in online casinos, have infinite wealth? No strategy can beat the house edge that the online casinos have. The trade off is you may get a small win for repeated big losses.

 When playing in online casinos the best strategy is bet less when losing and more when winning. Before you log on to the online casinos make sure you cap the amount of money you are willing to lose. Online casinos recognize that when people are losing they begin to chase the losses with even larger wagers. This is the worst time to start throwing money around. If you are consistently losing in the online casinos, lower your wagers. If the online casinos allow, try switching to another table or a different game. If you feel you are on a slippery slope down, take a break from the online casinos or better still, log off completely. If you are on a winning streak then it is OK increase you wager slightly and see what happens. The best advice when playing in online casinos is to quit while you are ahead. If you came in with $100 and have managed to accumulate another $100 the it is best to leave and think how lucky you are. Don't think about the big one around the corner because it is probably not there.

 Remember, at the end of the day it is in the online casinos interest to have responsible players. Their reputation is based on happy customers coming back for more and passing on recommendations to other gamblers.

 Published on 08/28/2008

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