As one of the simplest games available online, bingo is a popular choice among players with little gambling experience. There’s little to no skill involved, the games are fast and fun, and you don’t have to risk a fortune to win big.
If this sounds like a game you’d enjoy or how you like to play, then you stand to benefit most from our simple tips for smart bingo bankroll management. Follow our advice and you can enjoy your favourite game, without having to worry about losing more than you bargained for. These tips are also a healthy reminder of the importance of responsible gaming.
Don’t Deviate from your Budget
Before you go anywhere near a game of bingo, be sure to have a specific budget set aside for it. Start by subtracting all your essential expenses from your income. What’s left is your disposable income. It’s up to you to decide how much of your disposable income you want to spend on bingo, bearing in mind that you may lose it all without winning anything back.
Once you have laid out your bingo budget, keep track of it and don’t ever go over it. It might be helpful to write the number down and add or subtract from it as you win or lose rounds. Once you’ve hit your maximum, cut your losses and walk away.
Also, if you accumulate a tidy sum in winnings before your bankroll has run out, it’s well worth considering quitting while you’re ahead. There will be other games.
Stick to Small Games
Bingo jackpots are calculated based on the number of players in the game – the more players in a game, the bigger the jackpot. However, more players also mean worse odds, since there is a greater chance of someone filling their card before you do.
So, unless you have money to burn, it’s best to stick to games with fewer players. The jackpot may be lower but you’ll win more often. This will also mean that you get to enjoy your game before your bankroll runs out or you rake in some good wins.
Maximise your Bonus Benefits
The best thing about playing bingo online is all the bonuses and promotions on offer. A particularly lucrative offer is the deposit bonus, with which you can double and sometimes even triple your bankroll, so keep an eye out for these.
In addition, if you’re a regular player, you’ll qualify for loyalty points, which can further stretch your budget, as can the occasional happy hour game.