Online Casino Money Management Tip
Apr 22nd, 2009 by admin
One of the most common questions online casino players ask is, “How do I successfully manage my money?” This is particularly important for those that gamble with credit cards: if you start to chase your losses, your bill can quickly add up and turn into a nightmare. The same can happen with e-wallets, although many of these financial service providers have velocity limits on how much money a player can move in a given time period.
“Velocity Limit” is defined as the speed at which people deposit money into their player’s account. The purpose of velocity limits are to make sure players with problem gambling habits don’t continue to deposit money indefinitely, at a rapid rate. Instead, when the casino’s software detects a player is depositing and losing money too quickly, it puts a hold on the player’s account. This is for the protection of both the casino and the player.
This brings us to our online casino money management tip: instead of regular credit cards, use pre-paid ATM or Gift cards that have a set amount of money on them. The benefits of pre-paid ATM cards or Gift cards are many:
- These cards are the same as cash, once you run out of money, you can no longer deposit, making them safe options for those who get carried away gambling online.
- There is no credit limit, minimum, or maximum on these cards. You can’t default on payment or face any finance charges. Using these cards is free.
- Pre-paid ATM cards are generally accepted world wide, and will convert to whatever currency your respective casino is using.
- In some cases, online casinos can pay winnings out back to your gift card, so you can visit the nearest ATM and withdraw cash or make purchases in a store.
Online gambling is supposed to be fun. If you find that you’re racking up excessive credit card charges, or that your e-wallet service will not let you deposit to your player’s account, try using pre-paid ATM cards or gift cards instead. They are convenient, safe, reliable, and can be used literally anywhere in the world.
Good Luck!