THE 1×1 OF BANKROLL MANAGEMENT IN THE ONLINE CASINO
Every casino player should consider their expenses when playing a casino game. It is important to know how much you can spend and how much you can risk losing while playing.
Let us observe the behaviour of professional poker players. They are those players who always keep an eye on their finances and plan everything in advance. They consider their expenses as an investment. Investments usually bring more money, but sometimes they can also cause a loss. In such a situation, professional poker players admit their losses as the key to future success.
Three main facts about bankroll management
- No matter how good the player is at managing the bankroll, mistakes are inevitable here
- No matter how good the player is at banknote management, he can still have many losses
- If the player loses more than he succeeds, even bankroll management cannot save him
The actual concept of bankroll management
Bankroll management is the total capital that a player can spend on gambling. It is all the money the player is willing to lose or earn more. So the first step of bankroll management is to decide how much the player is willing to part with and spend on gambling. The management of a player's bankroll is linked to his income. The higher the player's income, the more part of his income he can spend on gambling. Bankroll management has several rules set by the player and it aims to minimise the risks of losses.
The importance of good bankroll management
When playing online casino games, it is impossible not to lose. It is natural to lose, even if you are the most professional player, you can have an unsuccessful day or just play with players as professional as you.
Bankroll management is always there to stop the player from losing money and to limit them if they want to spend more than they have.
Types of Bankroll Management
Bankroll management can be categorised into three main types:
- Aggressive approach
- Defensive approach
- Conservative approach
Let's look at each type individually and learn more about bankroll management.
Aggressive bankroll management - this type of bankroll management is for the advanced player. It is quite a risky type, but it also helps to build up your management very quickly. This type of bankroll management is for the players who are not afraid to move up and down during their journey in the casino.
The minimum bankroll is 10 buy-ins.
Higher limit: From 15 buy-ins for the next limit
Defensive bankroll management - this is a type of management that minimises the risk of losing money. The development of the bankroll is slower here than, for example, with an aggressive type. Defensive bankroll management has a certain psychological advantage. Players can bet big through confidence rather than chasing their losses. Players constantly increase their bankrolls and do not stay in the hope of bankroll payouts.
Here is an example of a defensive bankroll
Minimum bankroll for a limit: 30 buy-ins
Upgrade to a higher limit: From 40 buy-ins for the next level
The lowest bankroll for a round in NL25 is seven hundred and fifty euros - NL50 would only become a reality with a bankroll of two thousand euros.
Conservative bankroll management - this is the last type of bankroll management that is the best with a medium variance that it offers.
If the player is constantly winning, there is no risk of losing the bankroll.
The only disadvantage of managing your bankroll conservatively is a long period of switching levels. It takes a little longer to move up to higher levels of your bankroll.
Here is an example of conservative management of bank capital.
The minimum bankroll is 60 buy-ins
From 80 buy-ins, a higher limit is set
Common obstacles and errors in banknote management
Even the most professional casino players can make many mistakes when managing their bankroll. We have collected some common mistakes made by players.
Lack of balance
This is a very common mistake made by players. New players often want to master aggressive bankroll management, which is wrong because it is a riskier type and they probably cannot succeed with it as a beginner. So a conservative bankroll management is the best in this case. Players should remember that a few successful games do not mean that they should change their conservative way of management to an aggressive one.
Errors in an approach when the boundaries change
Another common mistake is the players' approach to the limit change. What does this mean? So, when players move up to higher levels, the requirements also change, they become more difficult and harder to meet. Also, the player will no longer play with the same opponents with higher limits. When it comes to changing the limit, players should consider all the difficulties that the next level will bring. If the player is not sure whether he can cope with all these difficulties, it is better not to change the limits.
The attempt to make up for all losses quite quickly
This mistake is so common with players who have a bad day or even a bad week and lose all their winnings. The next thing they want to do is to make up all their losses immediately. They decide to change the way they manage their bankroll to aggressive and what do you advise? They lose more after that and that leads them to bankruptcy. In such situations, it is so important to stay calm and be mindful. Accepting losses and moving on is the best decision you can make after a bad day. Having losses is not the end of the world and by accepting them, players can be sure that they will achieve more afterwards.
The five best casinos master bankroll management
In the gambling market, there are quite a few casinos where the beginners can register and start their journey of managing the bankroll. But it is better to do this in the casinos that better suit the player's financial circumstances. Below we have listed five casinos with the best terms and conditions where the player can master bankroll management. These casinos are:
- Casino Platinum
- Glücksland Casino
- Omni Slots Casino
- Casino Heroes
- Bet Chan Casino
FREQUENTLY ASKED QUESTIONS
Bankroll management is the total capital a player is willing to spend on gambling. It is about deciding how much the player can afford to lose or win. This strategy involves setting rules to minimise the risk of loss. It is related to the player's income, with a higher income allowing more spending on gambling.
The three main types of bankroll management are the aggressive, the defensive and the conservative approach. The aggressive approach builds money quickly but is riskier and suitable for advanced players. The defensive approach minimises the risk of loss and encourages betting with confidence. The conservative approach is best suited for medium variance with minimal risk, when the player wins consistently but is slower to advance to higher levels.
Common mistakes are lack of balance, e.g. beginners trying to manage their bankroll aggressively, and mistakes in approach when limits change, as the requirements can be more difficult to meet at higher levels. Another mistake is trying to recoup all losses quickly, which often leads to further losses. It is important to stay calm, accept losses and proceed with caution.