Bonus - Increasing Your Bankroll with a Limited Starting Bankroll
Disclaimer: I am not a financial advisor, and the information provided should not be considered as professional financial advice. Any financial decisions or investments made based on this information are done at your own risk. It is essential to conduct thorough research and consult with a qualified financial expert before making any financial decisions to ensure they align with your unique circumstances and risk tolerance.
If you're working with a small bankroll, making the most of your opportunities requires a different approach. Here, we'll explore several tactics to help you efficiently grow your funds.
Strategies to Use for People With a Small Bankroll
If you’re starting out with a larger bankroll, it’s feasible to complete all of the offers in one go by preparing your accounts, traveling to casino states to complete promotions, and returning with substantial realized EV.
In reality, however, most individuals start with a limited bankroll. Let me guide you through various strategies to effectively build up your bankroll.
Start with Smaller Offers and Progress Gradually
All of the promotions mentioned in this course come with clearly calculated expected values (EV). Begin by tackling offers that demand a relatively modest initial deposit. This gradual approach allows you to build your bankroll steadily.
Prioritize Deposit Match Offers Before Risk-Free Play
Deposit match offers should be your initial focus. They provide a safer path to growth as you're not risking your entire bankroll on a single bet, unlike risk-free play offers, which can have higher inherent variance. This variance is a result of placing your entire balance on a single bet, typically in Baccarat or Roulette, following our recommended strategy.
While the math favors risk-free play offers in the long run, it's not advisable to put your entire bankroll at stake in a few double-or-nothing scenarios when working with a limited budget.
Start with deposit match offers to steadily increase your bankroll, providing a cushion that can help you navigate the volatility that comes with completing risk-free play offers.
Prioritize States with Lower Bankroll Requirements
If your home state doesn't allow online casinos, you'll need to travel to states that do in order to access their promotions. We recommend beginning with offers from a casino state that demands a smaller initial bankroll before venturing to those with higher requirements.
If your bankroll is small, move through your casino journey in the following order: WV → MI → PA → NJ.
Adjust Your Wager Amounts
This recommendation is specifically relevant to deposit match promotions. When dealing with a smaller bankroll, it's unwise to risk your entire balance on a single bet in Baccarat or Roulette to maximize your EV.
Instead, opt for smaller spin sizes to reduce variance and steadily work through the offers. Smaller spin sizes will minimize the swings in profits and losses, ensuring a more "guaranteed" path to bigger bankroll.
As your bankroll grows, you can delve into advanced strategies discussed in the lesson Increasing the Expected Value that introduce higher variance and, consequently, higher EV.
Consider Tapping into Savings and Brokerage Accounts
This suggestion is unconventional and should be carefully considered, weighing both the risks and benefits. In my personal experience, I started with just $1,000 in my checking account. Needless to say, I needed additional funds to embark on my casino adventure without resorting to bank loans.
I made the decision to access my savings and utilize a portion of my brokerage accounts to support my casino endeavors, starting with my trip to WV. This step turned out to be the best decision I ever made, propelling me forward through the rest of my casino journey.
Expand Your Bankroll with Sportsbook Offers
Just as there's inherent EV in casino welcome offers, there's also substantial profit potential in sportsbook welcome offers. Much like advantage play, you can ensure guaranteed profits through matched betting, strategically wagering on both sides of a sports game while leveraging sportsbook promotions.
This topic is extensive and deserves its own comprehensive course. If there is enough interest, I may consider making a course specifically for maximizing profits through sportsbetting. In the meantime, there are excellent guides and tools available out there to help you start profiting right away.
Here are two great resources that I recommend: https://darkhorseodds.com/