When you start to play any online casino game – how do you decide how much you place as your bet? Most casino games support a wide range of bets, ranging from a couple of cents to several dollars – and while it may seem like a simple decision, it actually has numerous consequences.
If you select a bet that is too small, you will be able to play for ages but odds are you’ll barely win anything that feels ‘significant’. To most casino players this feels unrewarding and dissatisfying, which is going to sour the experience somewhat.
On the other hand if you select a bet that is too large you could end up blowing through your entire budget extremely quickly. Not only is this going to feel dissatisfying since you haven’t been playing for that long, but it could also lead to the temptation to extend your budget – which is a problem in its own right.
To choose the ‘right’ size of bet, you should first have a firm budget in mind. That budget should represent the total amount that you intend to risk when playing online casino games in Australia or anywhere else for that session. Once you have a budget, your bet should be a small percentage of it – normally ranging from 1% to 2%.
By selecting a budget that is in the 1% to 2% range, you’ll find that you’re able to play in the range of 100 to 50 rounds before your budget runs out. Needless to say that will remove the risk of blowing through your budget too quickly, and it should also allow for payouts that represent upwards of 1% of your total budget – which will feel significant and satisfying enough.
While there are situations where you may want to select bets that are smaller or larger than this range, it is definitely a good starting point. As you learn more about money management and start to develop a better understanding of the skills involved, you’ll be able to choose bets that suit your specific style of playing and needs. That being said, the core idea behind the ‘right’ bet is going to remain the same – and it should be one that provides rewarding results and player satisfaction.