6 Ways to Save Your Bankroll at the Casino
Going to the casino can be an adventurous and exciting way for adults to get out of the house and enjoy themselves. The worst way of spoiling that good time is to blow your life savings in a night and resort to a month (or months) of Spam and stretching every dollar. Here are a few tips to save money anywhere you can in a place that was designed to rob you blind.
1. Save on Accommodations and Other Expenses
Before the trip even begins, it’s a good idea to look into any ways that you can save on the room, travel, or food. You want to save in these areas so you have a little extra to spend on the floor. Looking into flight deals or any online sales that the casino might be having are a good way to trim a few dollars off. This is also where those player’s cards really come in handy. It’s a good idea to always track your play so the casinos will offer you free rooms or food to get you back out there. You will earn comps for playing that can be used while you’re there to pad the cost of food or anything else you might buy on the property. This is a very easy way to save a few hundred dollars.
2. Find Other Things to Do that Aren’t Gambling
Now, we all love to hit the casino floor and hit it big but I’ll tell you right now that those casinos don’t pay the bills by giving money away. Usually a casino will give you other things to do like golf courses, swimming pools, nice restaurants, or shows. Planning even a couple of these activities could end up saving you hundreds. I know that these things can cost a little bit upfront but I guarantee these things will be cheaper than pressing “Max Bet” at any machine for an hour or two. It’s also a good idea to go to the casino with other people. Having other people will draw you away from the casino allure. I mean, you will definitely get your time to throw the dice but the longer you stay off that floor the more money you’ll be saving.
3. Break Big Bills Into Smaller Bills
This is an interesting one that has to do with setting up checkpoints to make you stop and think about how much you’ve been spending. It’s easier to throw in a hundred and get down to $65 and think, “Well, I’ll just play down to $50.” Then when you get to $50 you play down to $40 and the compromises continue. It’s harder for you to play through a $20 and have to go back into your wallet or purse and pull out another $20. This puts a natural stop-loss in place that makes you think about how much you’re really spending. Save the big bills and go $10 or $20 at a time.
4. Don’t Carry All of Your Cash
Carrying all of your cash around the casino is usually never a good idea. They put a safe in your room for a reason. Even if you aren’t bringing thousands of dollars, it’s still a good idea to keep some in the room and out of your hands on the floor. This is another way to put a break in your spending by requiring you to go back to the room to get more cash. You also shouldn’t be carrying debit or credit cards around with you. This can be a recipe for disaster. Budget for the whole trip and keep deterrents in your way so you don’t end up spending more than your bankroll!
5. Watch Your Drinks and Emotions
All those free drinks can definitely sneak up on you. I’ve seen people winning thousands and then blowing it all on crazy bets after they’ve had a little too much to drink. Watch yourself when you’re getting tipsy and hit a hot streak. It’s better to take your winnings and maybe play a game where your money can last longer and there are less decisions to make (maybe video keno or a low minimum slot machine). This can also happen after you’re just running bad and can’t seem to win. Don’t start betting wild and try to chase those losses. Take a little walk, eat a meal, or take a nap. You have to get away from those games and get your head on straight again. It’s so easy to get tilty and just blow through your whole bankroll. Don’t get emotional and waste your money being mad!
6. Play Stakes You Can Afford
It’s hard to know how much money you need to play at certain stakes. I always like to have a little wiggle room to deal with the swings that come with gambling. If you have $50, it wouldn’t be a good idea to play at a $25 minimum table. People tend to think that penny slots mean small stakes but when you are max betting it becomes $3 and sometimes $5 a spin. This can cost you quite a bit in the long run. Usually the quarter machines will only run you up to about 75 cents or sometimes $1.25. So just play according to what you can afford. You want to be able to play for a while but you also want to win a little money. Do you want to throw all of your money down and try to hit it big (in most cases this will not happen) or make it last for the whole trip?
These are just a few guidelines to keep your costs and losses lower while allowing you to play on your trip. You should only be playing at the casino with money that you are alright with losing. Do not spend rent, grocery, or necessary money at the casino. Best of luck to you all!