Casino bankroll management is essential to playing casino games, in fact it is one of the important things about your game. It shouldn't come as a surprise that professional poker, blackjack and roulette players are skilled at managing their finances carefully. Because of this, they get better results and are able to extend their game beyond other players. If you want to prolong your game and increase your chances of winning like the professionals, learn how to manage your bankroll by following our advice as listed below.
Let’s begin by defining what we mean by ‘the bankroll’, which is basically the entire share made available to play. One of the most common mistakes that players make is to use sums of money beyond their means, without having learned some basic ways to use it more carefully. We can learn some of these basic concepts here, starting with roulette.
Most people think that, unlike blackjack and poker, roulette is mainly a game of luck and, therefore, you don’t need any roulette bankroll management. In fact, sticking to a few easy rules means you can play away and not worry about your bankroll being depleted. Our first tip for you is to set aside a small pot of gambling money from your everyday money. Another great tip is to further divide this gambling money into three or four piles for morning, afternoon, late afternoon and evening play. Additionally, don’t play with your winnings - instead put these to one side for another play session.
Like in roulette and poker, the concept of blackjack bankroll management is also crucial for. There’s an effective rule we recommend you follow - that your buy-in for the session should be at least 50 times higher than the minimum bet you can make at the table.
Here’s an example: to play a game where the minimum bet is £5, you should be taking into account £250. Equally, if the minimum bet is £10, you have to invest at least £500. Why play like this? It’s very simple - a bankroll of this scale will help to cushion the swing that occurs frequently in games like blackjack and poker.
Poker bankroll management seems similar to that of blackjack but differs from roulette. However, money management must adapt to the variants of the game. We advise people approaching MTTs or SNGs to start with a bankroll of a £100/£150 buy-in higher than the level of play that you decide to deal with. In other words, if you have allocated £100/£150, it’s best to play SNG or MTT with registration fees equal to £1.
It’s a different story for cash games where swings are lower and the random variable, which is linked to luck, counts for much less. Therefore, if you are a beginner, it is best to start with a bankroll equal to 50 times the buy-in at which you play your hand (if you are more experienced, you can even lower it to 30 or 40 times). As a practical example, if you want to play at NL2 level, where the maximum input is £2 and the blinds are £0.01/£0.02, in order to play safely, you should anticipate at least £100. One last tip, which also applies to cash games, is the importance to budget for a maximum loss, which should be no more than five times the buy-in. Once you reach that limit, the best thing to do is stop, and come back to the table later. Therefore, managing poker bankrolls are an important part of your poker strategy.
Use these tips in your next games of roulette, blackjack and poker - you will definitely notice an improvement in your gameplay and soon enough you will be able to manage bankrolls of any size.