One of the easiest ways to hold on to your online casino bankroll for longer periods at online casinos is to place smaller denomination bets, whether playing just for fun on a sweepstakes casino or for real money on a crypto casino.
With that said, let’s dive straight in and take a closer look at how placing smaller denomination bets changes your casino game strategies on today’s safest sweepstakes and crypto casinos.
What’s the difference between a sweepstakes casino and a crypto casino?
A sweepstakes casino is a fun online casino, aka social casino or social gaming site, that doesn’t involve any real money wagering.
In contrast, a crypto casino is a real-money online casino that involves gambling. You can use either cryptocurrency or fiat currencies like US/Canadian dollars ($), Pound Sterling (£), or Euros (€) to play.
On sweepstakes casinos, you receive free Gold Coins when you sign up, which can be used to play any of the games available on that site. However, these coins have zero monetary value in the real world and cannot be exchanged or withdrawn.
They can be topped up for free in several ways if you ever run out, meaning there’s no risk involved. The initial sign-up bonus, also known as the welcome bonus, typically includes free Sweeps Coins, which don’t have any real-world value but can be used to win real-world prizes, including cash prizes.
When you run out of these, you can purchase more in bundles/packages, starting from around $/€/£5, $/€/£10, or $/€/£20. They won’t ever be topped up for free.
However, no purchase is necessary, so if you don’t want to play to win real-world prizes, such as branded merchandise, online store vouchers, cash prizes, the latest gadgets, luxury vacations, and so on, you can just use your risk-free Gold Coin balance.
On a crypto casino, you must deposit cryptocurrency (or fiat currency) to play their games, and if you win, you can withdraw that balance back onto your preferred online payment method, whether it’s your crypto wallet, Visa debit card, or PayPal digital wallet, and so on.
Deposits on these sites also usually start from around $/€/£5, $/€/£10, or $/€/£20, depending on the deposit method used and the casino site’s policies for minimum deposit amounts. You can find a comprehensive database of low-deposit casino sites like this over on the Casino.us iGaming review site.
How will placing smaller denomination bets change casino game strategies?
Placing smaller denomination bets can help you hold onto your bankroll for longer periods. For example, if you only deposit $/€/£20 and then play an online slot machine at $/€/£5.00 per spin, which only gives you four spins (if none of those four spins win), then your entire gaming session with that $/€/£20 budget could potentially be over within less than ten seconds of starting.
To extend your gameplay session, you can use the in-game player controls to reduce the total stake per spin to around $/€/£0.10 or $/€/£0.20 to better correspond with your budget. However, when placing smaller denomination bets like this, the wins typically won’t be as large as they would be when placing $/€/£5.00 bets per spin.
Even if you can afford to deposit $/€/£100.00, you might still want to consider placing lower-denomination bets, to begin with, because it’s a great way to try out new betting and gameplay strategies without worrying about losing too much money in the process.
What are the main betting strategies worth trying with smaller denomination bets?
There are many betting strategies worth trying when you have a decent-sized bankroll and place smaller denomination bets. These strategies won’t guarantee you will win, but at least you don’t have to worry about losing too much money while trying them out.
The most popular online casino betting strategies that you might like to research and then implement when you log in to your favourite online casino to play online slots, classic table and card games, video poker, live dealer games, bingo & lottery-style games, or any other games, are the following:
- Martingale strategy
- Labouchere betting system
- Paroli system
- Fibonacci system
Understanding these betting strategies/systems can enhance your online gaming experience and make it far more structured and enjoyable.
However, to ensure that you never exceed your initial spending budget, you might also want to take advantage of any safer gambling tools that your operator may provide.
Some sites, for example, have a range of bankroll management tools, also known as responsible gambling tools, such as deposit limits, session time reminders, win/loss limits, spending caps, and so on, which you can set manually when logged into your account.
Final thoughts
Don’t forget that you don’t always have to place smaller denomination bets. Once you have mastered one or more of these betting systems, you might want to consider increasing your stake a little to see how it goes.
Similarly, if you feel as though you have hit a losing streak, either reduce your stake until it’s over or close the game and try using that betting system on something else. That’s the beauty of these betting systems; they can be applied to almost any game.
Just remember to stick to betting on fully licensed and regulated sites with overwhelmingly positive expert reviews, and stick to a betting system that works best for you after trying them out to find out which is more suitable for the games you like to play.