As much as tracking your casino results is critical, most players miss out on doing so. If you’re not paying attention to how much you put in and how much you take out, the high chances are that you’re in the negative.
Luckily, there’s a very simple way to manage your bankroll and keep tighter control over your money, and we’ll show you how to do it.
Read on and learn the best tips on how to track your casino results and enjoy a more successful gambling experience.
Track Hourly Winnings
Tracking how much you win per hour is as simple as it gets. You just need to divide your ending bankroll over your starting bankroll by how long you played the game.
For example, If you’ve started the session with $1,000 and ended up with $1,200 throughout your two-hour playtime, you’ve made a clean $200.
Divide this by two hours, and you get $100 per hour. The math is simple and applies across the board, whether your bankroll is $10 or $10,000.
However, the cold, hard statistics show that most casino players end up in the negative when they look at their hourly winnings alone.
The reasoning behind this is that most casual players aren’t advantage gamblers, so their results can vary significantly from session to session.
To become an advantage player, first, you need to master how to turn certain gameplay elements of each game into your favor.
In blackjack, this can mean mastering the art of card counting. In Texas Hold’em, it means understanding in-depth and complex strategies.
Whatever the game of your choice is, you must have in-depth knowledge of it to ensure stable hourly winnings over each session.
Track Long-term Profit
Most often used and popularized by professional poker players, tracking long-term profit is an excellent way to determine how much money you’ve won or lost over a specific long-term period.
You can do this quarterly, or even better, every year with as many details and information as possible.
Keeping track of your results over such an extended period will allow you to see whether your online casino success is improving or stagnating.
Most importantly, you’ll be able to notice any behavioral betting patterns and work on them in the long run.
Again, this applies mostly to advantage players, similarly to tracking how much you earn per hour. Tracking long-term profit is essential if you want to stay in the game for years and maintain a steady profit.
Plus, as the years go by, you’ll have more and more long-term data to compare. This will, in turn, provide you with even more accurate and helpful information on how to sharpen your game in specific areas that need improvement.
Keep Track of Session Times
Although you’re playing for the prospect of lucrative wins, you should primarily enjoy gambling games as a form of entertainment.
The vast majority of players lose in the end. If you’re looking to maximize your entertainment value, you should keep track of how long you last with a specific set bankroll.
Of course, your goal isn’t to keep a mindset of “how long I can play before I blow my money.”
However, keeping track of the session duration will allow you to keep a close grip on another critical factor – how much you usually play or bet depending on the specific size of your bankroll.
To calculate this, you need to include all of the unique factors and characteristics of each type of casino game.
Games like slots, video poker, and keno offer a relatively low bet entry limit. On the other hand, table games like poker, blackjack, and baccarat have a lower house edge but also come with larger minimal bets than slots. Plus, there’s also the speed factor of each game you need to consider.
Set a Loss Limit
No matter how successful you are or how in-depth you understand the specific game’s gameplay, losses will simply happen sometimes. In such cases, it’s best to have a pre-set loss limit you’ll stick to no matter how poorly you’re playing.
If you’ve set a budget of $200 for your gambling, you can only play with that $200. Online, once you spend your limit, you might want to look for a nice no deposit bonus to keep you in the game with no further risk involved.
Whether you use your money to play for five hours or blow through it in a couple of minutes is entirely irrelevant.
You’ve set your loss limit, and you shouldn’t change it under any circumstances.
Suppose you’re not an advantage player and are ready to exchange money in return for entertainment value. In that case, it’s best to stick to a casino game with a slower pace and one that allows you to decide how many games/hands you play during a set amount of time. This includes games such as slots, video poker, and Pai Gow Poker.
On the other hand, if you’re an advantage player or primarily pursue casino games to earn money, you should not only have a pre-set loss limit but also know how to play to break even when it’s not your day.
This does require more skill and a better understanding of the game you’re playing but is crucial to master if you want to get to a point where you’re making money as a casino player.
Tracking Your Casino Results – A Quick Sum Up
Bankroll management is a fundamental aspect of becoming a successful casino player. Without keeping accurate records, you’ll never be able to tell how much you’re up or down.
In line with that, you’ll also have trouble determining your bankroll size and, therefore, even the size of the bets you make in each game.
No matter how big or small your bankroll is, you should always track your gambling results. If you’ve never kept track of your results, the best time to start doing so is right now.
The tips we share with you on this page are straightforward and simple enough, but you’ll see that they can be very useful in ensuring effective bankroll management.