For The Love Of Money

Bankroll Management is another very important component of playing blackjack in the Casinos. If you love your money, you need to take care of it. Building strategies that take away impulses and irrational behavior is as important as winning in the blackjack table. This is another blackjack weapon you have to win in the casino. Money management is as important as the blackjack chart and card counting. The money you are going to gamble shoul not be money that you need to pay the rent, mortgage, food, etc. The money are bringing to the casino should be discretionary income.

Why Is Bankroll Management So Important?

Splitting your blackjack bankroll so you dont run out of money is just one reason to manage your money, it also involves what to do with your winnigs and knowing when to stop. When you plan to play for a week or a trip to Vegas, you need to split up your blackjack bankroll so you don't run out of money on day one. For example, if you have $1,000 for the week and want to sit at the table for five days, you should set aside $200 a day. Based on a $200 daily bankroll, you should play at a table with $1-$2 wagers so that you have 100-200 betting units each day.

Proportional Betting

Over time, your bankroll is going to grow and shrink. You should always bet in proportion to the amount of money that you have in your total bankroll to decrease further your risk of tapping out. Lets create an example. Suppose you are a $10 bettor and you want to play a three-hour session. You have a $1,500 total bankroll in your bankroll ($10 times 150). You withdraw one third of your total bankroll ($500) for your session bankroll. Let's suppose luck wasn't with you in this session, and you end up losing $300, meaning your session bankroll shrank to $200. After you deposit the $200 back into your bankroll, your total bankroll is now $1,200. For your next three-hour session, you take one third of $1,200 or $400 for your next session, and your minimum bet should be $8 ($1,200/150). Likewise, if you win money in any session, you'll be starting your next session with a slightly larger bankroll and minimum bet size. The latter could grow your bankroll faster should you experience a good run of cards in your next session. The point is this: proportional betting will prolong your staying power, which will allow you to ride out losing streaks and still be in the game when winning streaks occur.