Bankroll, It's Win Or Lose

Posted by marcus on June 20th, 2019

I've yet to pick up a good book on gambling that didn't talk about bankroll creation and management. It's that important. Even the lightest of books has a page or two devoted to it-regardless of the book's game topic.

Unfortunately, the topic of creating and managing a bankroll can quickly become a complicated one. I've broken this article about money management down to two main segments-session money management and seasonal money management. I'll go over some light information on each to give you a real head's up. Let's get into money management.

Managing your money by the session

This is the most popular method and best for those not betting on sports-Blackjack, Craps, Roulette, Poker, etc. Session management can get so detailed; you'll need a PhD to follow it all. But, we're not going that deep.

Basically, it's like this. Before you go to play in the casino, you set limits. How much are you willing to lose? And you have to stick to it. So, let's say Charlie is about to walk into the Win Here casino to play some Craps. He might set a loss limit of 0. His bankroll is now 0.

Ah, but wait. Charlie also needs to see a win cap. Yep, you've got to cap your wins and leave before it all goes bye-bye. Keep this realistic. For instance, if you set the win cap at 0, you'd leave when your bankroll equals 0, which would be a 0 gain-or a 100% increase. Anything more than 200% is highly unrealistic.

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