Winning At Poker Bankroll Management
Money management, or bankroll management, remains a misunderstood aspect of having a winning casino games strategy. A myriad of books and online articles have been written on the subject, and yet, few casino games enthusiasts ever actually grasp the full value of the role of money management and budgeting in winning more and losing less.
What a strong money management strategy will help you achieve, is to extend your “playing time” until that inevitable winning streak comes knocking – because it always does. Money management helps you stay in action when others will long already have called it a day because of an empty bankroll.
A Winning Approach
Winning more and losing less means betting “more” when you’re winning, and “less” when you’re losing. Not only does this make sense from a money management point of view, but it also prevents a situation of chasing losses.
It is at this point necessary to address the faulty thinking behind many of the popular betting strategies. One specific strategy that goes against the sound logic of a successful money management approach is that of trying to save your bankroll after a losing streak by making increasingly bigger bets. Even though strategies that promote this type of system don’t describe the purpose behind the reasoning in these exact words, in the end, it all essentially comes down to chasing losses.
How Big Is Big Enough?
The ideal size of any betting bankroll would be the size that is comfortable to the pocket (or budget) of the individual player.
To enjoy a successful run at any casino game, no matter whether strategy-based games such as Blackjack and Poker, or games of chance such as Roulette, Keno and Sic Bo, the most important consideration is the player being comfortable with the size of their bets. If you cannot afford to wager the bet required by the casino game of your liking, then you should not be playing that game until you can. A lower minimum game would then be a good option in the interim.
Whose Money Is It Anyway?
How we think about money is an aspect often left unaddressed when discussing casino money management.
Players often fall into the mistaken habit of assuming that money won, leads to playing with the “casino’s money”. The actual fact of the matter is this: the only money belonging to the casino at any given time is the money sitting in front of the dealer in the form of casino chips. As soon as those chips have made their way to your side of the games table, it is your money, and no longer the casino’s money.
Thinking of winnings as if it were the casino’s money is the quickest way to achieving exactly that – putting money back into the casino’s pocket.
Cultivating Positive Psychology
Money management is all about thinking about money allocated for playing at sites like casino slots Argentina in a way that is conducive to a positive (winning) attitude. Adopting this approach will mean that even if you do end up losing the bulk of your bankroll in a single evening, you’ll have the positive sense of happiness of being able to rest assured that you’ve afforded yourself the best possible chance to walk away a winner.