Bankroll Management in Online Casinos

11/07/2013
By Pamela PattersonGoogle
Having the ability to continue grinding is an integral part of being a poker player as going bust often leaves a lot of players on the rails with no cash, which means no grind.

There is the trained and there is the untrained poker player. Usually the untrained has not had enough practise and therefore bad decision making can often be the result of the lack of practice. When you are playing for money it is all about the odds, estimated value and return on your investment.

Informed decisions from past hand situations and through a well-oiled system that helps poker players understand the value of their decision improve with more hours spent on the table and through playing more hands that can be studied post play.

Unfortunately, many players instead bust out completely and find themselves having to wait for their next pay check before they can reinvest in their game. During that time they are not playing the game, and not getting the practise thus their decision making starts to lapse. So the question is why do they bust out?

The main reason is because they do not manage their bankrolls. The most common mistake made is when the percentage of their bank roll versus the stakes they are playing means that they are playing at stakes that are too high. Online casino players are probably the worst offenders because they don’t interact as much as poker players, so the words ‘Bankroll’ management are not something they consider as often.



In fact playing Blackjack or Roulette in an online casino room is no different to poker when it comes to bankroll management.

For example, playing with $500.000 bankroll on a $10.00 Blackjack table may seem perfectly fine. You have 50 hands worth of cash to play, and you are going to win a fair few hands in that time. However, spread this over one month and a downswing thanks to the virtual dealer not being so kind on a particular day of the week, and soon you’ll be hitting the rails broke and waiting for your next pay-check.

Bankroll management always means going in on a stake level with a set amount of cash. That means if it is a $10.00 Blackjack table, you need to go into that game with at least $200.00 for a session. That $200.00 should only make up 5% of your bankroll. In the end you need a balance of $4000.00 to play this limit. If you lose 50% on average of 50% of your hands have money left in your casino account even after 30 days’ worth of play. Poker player’s work on a similar concept and it has time and time again proven to work.

They buy-in with around 100 big-blinds, so a table of $1.00/$2.00 stakes means the big blind is $2.00. They’ll go in with $200.00, which is 5% of their bankroll. Their bankroll will therefore be $4000.00. If they go on a downswing and bust 5 games in a row, they have $3000.00 left. They will step down to maybe $0.50/$1.00 stakes to keep their bankroll alive, and when they start winning they can step back up again.

As mentioned above, this is a strategy that works time and time again, and is the reason why the pros can play buy into $100.00 tournaments and high stakes cash games. They maintain their game by maintaining their cash.
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