Online Casino Money Management
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 7, 2007
Online Casino Discipline