Financial planning at play

1. Definition of total bankroll

1. Allocate an "entertainment" budget
- Take away the mandatory expenses (rent, food, bills, savings) from the amount of income and leave a fixed part "for pleasure," including excitement.
2. Do not use credit funds
- Never contribute borrowed money to casinos, including loans, overdrafts or loans from friends.

2. Bankroll split in session

1. Number of sessions per week
- Decide how many game sessions you will spend per week (for example, 3-4).
2. Amount per session
- Divide the bankroll by the number of sessions: if you are ready to spend AUD 400 per month, with 4 sessions per week you will get 16 sessions → AUD 25 for each.
3. Category "reserve"
- Leave 10-20% bankroll in "reserve": insurance in case you want an extra session or "catch up" after losses.

3. Installation "stop loss" and "teik profit"

1. Stop loss
- Maximum loss per session. 30-40% of the session budget is recommended (AUD 10 ≈ in our example). After reaching stop loss, you stop the game until the next session.
2. Take profit
- Target amount of net profit after which you record winnings and exit (for example, 50-100% of the session budget → AUD 12-25).

4. Financial accounting

1. Game diary
- Fix the date, time, deposit amount, session result (plus/minus), stop loss/teik profit and your emotional state.
2. Weekly analysis
- Sum up real spending and winnings for the week, compare with the plan. Identify deviations: budget overruns, disproportionate "catching up" after losses.

5. Rate diversification

1. Selection of different games
- Alternate between slots (RTP 95-98%, average volatility) and board games with a low casino advantage (roulette, blackjack) to spread the risk.
2. Risk management
- Put small amounts in slots and apply a break profit. In board games, use fixed bet sizes within stop loss.

6. Psychological barriers

1. No catch-up rule
- After reaching stop loss, do not increase the bet in an attempt to recoup - this almost always leads to a quick loss of the entire bankroll.
2. Emotional control
- If you feel irritated or "stuck" after losing, instantly stop the game and engage in alternative activity.

7. Automation tools

1. Deposit limits
- Set daily/weekly/monthly limits on account replenishment in the operator's settings.
2. Auto-timeout and betting limits
- Enable auto-timeout and maximum session rates.
3. Third-party applications
- Use budget applications (YNAB, PocketGuard) to record entertainment and track real expenses.

8. Adapt budget when changes occur

1. Revision after big wins/losses
- If you have won significantly, do not return to the previous level of rates without recalculating a new bankroll and stop loss.
2. Adjustment on income change
- Once a quarter, revise the overall "entertainment" budget taking into account the growth or decline in income.

Conclusion

Strict financial planning turns excitement into controlled entertainment. Highlight a clear bankroll, break it into sessions, set stop loss and break profit, keep a disciplined account, use automatic limits and revise the budget in a timely manner. This systematic approach will preserve your finances, health and enjoyment of the game.