Bingo bankroll tips range from worthless to invaluable. Developing a gambling strategy is important whether its purpose is to improve the entertainment factor or a bettor’s chances of winning. Some gamblers think luck-based games like slot machines don’t leave room for strategy, but even titles that don’t involve player skill (like roulette) can be more fun and more lucrative if a player finds good strategic advice and implements it properly. How do you know if advice you read is any good? The only way to distinguish between bad advice and good is to use your head, look at the mathematics behind the advice, and test it out for yourself.
Learning to control spending in order to play more cards (or play the game for a longer period of time) are common reasons players investigate betting strategy. Luck-based games like bingo don’t involve a skill that can be improved with practice; strategy for this game is about managing cash flow to play more cards and prevent over-spending that ruins the fun of the game. The three pieces of advice below will help you build a bankroll, limit your losses, and protect your winnings.
1. Play in games or tourneys with smaller prize pools
This tip has nothing to do with managing your literal budget; this tip will help you build up your account by focusing on less popular games. Generally speaking, games that pay less cash or tournaments that hand out a less valuable reward package draw smaller crowds. Competing against fewer players increases your likelihood of winning. This rule applies to games rewarding money as well as those that reward prizes like free game cards or electronic gadgets.
2. Look for “happy hour” games and events.
A common promotional tactic websites use to attract new business and beef up participation during downtimes is to declare a daily or weekly happy hour. Depending on where you play, happy hour could be literally one 60 minute period each weekday, it could be several hours lumped together at an odd time, or even one full day each month or every two weeks.
Offers during these happy hours vary as well – a site may hand out one free card per customer during that hour, they may reduce or eliminate their fees for a certain period of time, and some sites even randomly choose one or two customers active during the happy hour and hand them a big cash reward. When you’re shopping for a bingo site, look into their happy hour programs and other special promos, especially if you are trying to build up your budget and have the freedom to play at odd hours.
3. Set a win and a loss limit, and quit when you reach either.
The easiest way to manage a budget is to establish two amounts, one positive and one negative, that mean you will immediately quit playing. An easy way to work out proper amounts for win and loss budgeting is to start by writing down an amount you’re comfortable with losing. If you won’t get kicked out of your apartment or go without food for a week for losing $40, then you’ve got your loss limit. Win limits are more difficult – players “on a roll” have a difficult time walking away; that’s human nature. If you can’t imagine a win limit, start by doubling your loss limit. A bingo player that can safely lose $40 may start by saying they’ll walk away if they win more than $80. Keeping track of losses and wins with pencil and paper (or in a money management option provided by some Internet games) is critical to sticking to profit and loss limits and proper budget management. Also critical is actually sticking to your own rules – if need be, get a friend or family member to help you remember your budget rules.