Online Casino guides and most people will just tell you to limit your bankroll but the truth is that this is only the first step in how to play casino games. You see apart from your physical bankroll, you have such a thing called your unofficial, emotional bankroll. An in depth study of money management in relation to gambling in an online casino Canada can be found at Grizzly Gambling. For a further understanding of this topic it is advised to become familiar with the article. Additionally, there are other equally relevant strategy guides that one may find useful.
A bankroll is a finite amount of cash that the gambler has set aside for the sole purpose of spending on casino games. Most players prudently place their bankroll in a separate account, not letting it mix with money meant for business and bills and essentials. Wins made from playing that bankroll go back to that account while losses are taken out from there. The size of this bankroll determines the kind of games you will play. For example, a big bankroll will allow a player to bet on big lines in slots. Smaller bankrolls will have to be played conservatively on a-games, or will be used for small-win games.
Then you'll have your unofficial or emotional bankroll. To give an example: just because your bankroll is high doesn't mean you'll be comfortable making big bets. The bankrolls purpose is to limit the money you spend and likewise your emotional bankroll sets the limit as to what you're comfortable spending at the casino. In other words, this second bankroll is your gut, which includes your monetary sensibilities, your level of tolerance for stress and your perceptions on risk--whether your averse or not.
Call it your sixth sense if you will. This emotional bankroll will tell you how much you want to lay down for your bet. The rule of thumb in determining such an amount is that it should be enough to give you a thrill whenever you cast out your line, but will not make you sweat in terror or for dear life.
Another factor that you need to take into consideration for your bankroll is the volatility of the game that you're playing and the bets that you are making inside of that game. With roulette, for example, a straight-up bet on a single number has a high volatility because it doesn't come in very often, and an evens bet that pays out at 1:1 has a particularly low volatility because it wins almost as often as it loses. The volatility is important because a higher volatility increases your chances of going bust even if the house advantage of the game stays the same. In this way, you should use smaller bet sizes with games that have a high volatility, and you can use larger bet sizes with games that have a lower volatility while maintaining the same risk of ruin.
On top of the volatility, the house advantage can also affect how you need to manage your bankroll. A higher house advantage on a bet means that you need a larger bankroll to sustain yourself since you're more likely to go bust playing that bet. Along similar lines, a lower house advantage means that you will not have as much of a chance of going bust quickly.