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 Bankroll/money management is the most important
skill that a gambler can develop for success at an
online casino. A gambler with average playing ability
and knowledge of any game but also with superior money
management skills will last longer and have a far
greater chance of success than an online casino gambler
with a high level of expertise at whatever game he plays
at but without that money management skill.
The first step towards effective online casino
bankroll management is to define what exactly a gambling
bankroll is. Ideally an online casino gambling bankroll
is made up of money that is left over AFTER a gambler’s
day-to-day living expenses have been met. This means
that the daily living expense money for such items as
mortgage/rent, car, food, insurance, etc. are to not be
used for gambling. Players that tap into day-to-day
living expense money are degenerate losers.
Once you have established your online casino gambling
bankroll amount you next want to break that down into
segments or sections that account for a gambling
session. For example if you play at an online casino
every day you should ideally divide your bankroll by
thirty, to account for each day of the month. If that is
not possible then at least divide your bankroll by
seven, to account for each day of the week.
From there, it is important to develop expertise at
how much to bet for each individual wager that is made
and to learn to play conservatively and stretch out your
bankroll to maximize its potential and to protect it
from unnecessary risk.
Posted: May 1, 2007
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