Good money management will help protect your money, limit your losses, and ensure you don’t walk away from the casino in financial ruin. Managing your money no matter what type of gambler you are is difficult but also critically important. It’s all too easy when you are enjoying yourself at the Tonkawa casino to get carried away and lose track of your finances, especially when playing slot machines.
Slot machines can quickly eat up your money when you’re least expecting it, typically because most people don’t realize how quickly the small bets they are making add up. This is why it’s particularly important to follow some tried and tested money management rules when gambling on slot machines.
Set a maximum amount before you play
The first and foremost rule of slot machine money management is to set a maximum spending limit BEFORE you start playing. However, just setting a spending amount will do absolutely nothing, you also have to stick to it!
Decide how much you’re willing to spend on slots and don’t let yourself falter and end up spending more. It can be all too easy to get carried away. Once you hit your limit, walk away from the game. Don’t dip into any excess funds. Accept that, for now, it’s over. Your future self will thank you for it when you can afford to pay the mortgage next month!
Set aside some of your winnings
If you win big, try to save at least half the winnings and don’t use it to gamble. There’s nothing more disappointing than winning big and then gambling it all away again and going home empty-handed. By setting aside some of your winnings, you can guarantee that you won’t waste all your money and throw your cash away trying to get lucky again. It’s even better to save a bit more than half your winnings, if possible. That way you’re making a nice profit and pocketing more than you put back into casino games.
If you are gambling for multiple days, set yourself a daily limit
Longer trips or vacations where you’re staying at Tonkawa Hotel & Casino can make it all too easy to spend more money than you intend to. The best way to keep this from happening is to split your maximum budget up between the number of days you’ll be gambling. This will prevent you from blowing all your cash in the first couple of days and will also ensure that you can enjoy gambling for the entirety of your trip.
Keep slot machine money and money for other expenses completely separate
This is an important money management tip, particularly if you’re on vacation. You don’t want to end up spending all of your budgeted holiday money at the casino. After all, you still need to enjoy the rest of the Tonkawa Casino & Hotel! Keep your gambling funds and any money that you need to take care of other expenses completely separate. It’s important never to dip into money that you need to spend elsewhere. The same goes for those who are just heading to Tonkawa casino for the day or night. Whatever you do, don’t spend the money you set aside to pay your phone and electricity bill.
Never borrow money to gamble
This one goes without saying, but we’ll mention it anyway. Never borrow money to gamble. Taking out a loan in the hopes you’ll win big is, frankly, an awful idea. Gambling is called gambling for a reason; because you’re not promised a win! Gambling with money that isn’t yours is a dangerous game. There’s far too much of a risk that you’ll end up losing and could find yourself in serious financial trouble, paying off debts for years to come. It simply isn’t worth it!
If money management is tricky for you, don’t bring your debit card
If you know you’re not the best with your money, only take cash with you to the casino and leave any bank cards at home or in your hotel room. This is a sure-fire way to prevent yourself from getting caught up in the moment and exceeding your budget by pulling more money out to gamble with. Be honest with yourself before heading out to gamble. If you know that you just don’t have the willpower to stop yourself from dipping into funds that you shouldn’t, don’t bring those bank cards with you!
When gambling, slow down, take your time, and enjoy the experience. The faster you play, the more likely you are to start itching for more gambling money once you’ve reached your set limit. It’s particularly easy when it comes to slots to simply sit at a machine and place your bets over and over and over again. Instead, enjoy your time at Tonkawa casino! It’s as much about the experience and enjoying yourself as it is about winning. If you want to get the most out of it, extend your visit for as long as possible without wasting money or blowing your budget in the first half an hour.