Author Topic: Bankroll management can save you!  (Read 375 times)

kav

  • www.Roulette30.com
  • Administrator
  • Hero Member
  • *****
  • Posts: 1708
  • Thanked: 720 times
  • Gender: Male
Bankroll management can save you!
« on: May 09, 2017, 09:05:22 AM »
Great bankroll management is KEY. It can save your money and mental balance. A good strategy can become a n amazing one with proper bankroll  management.

But I do have an additional stop loss AFTER I start making a profit. For example, once I make 100 units profit, I will only be risking like 50 units (not 150) from that point on. So, if I have a bad streak all of a sudden, I will leave with 50 units profit.

Bravo!
This old bankroll management stuff is very important and should be a whole new topic.
It is a long time I want to implement a rule like this.
The problem is how to divide playing sessions. Each time to visit the online casino? Each visit to the casino?
And most importantly, what if you just won 20 units? You put the rule into action immediately? So now you only risk 10 units?


 
The following users thanked this post: Reyth, TERMINATOR

jerome26b

  • Mature Member
  • ***
  • Posts: 268
  • Thanked: 127 times
Re: Bankroll management can save you!
« Reply #1 on: May 09, 2017, 09:56:33 AM »
hello,

that's an interesting topic that i'm working on since few months now cause i figured out having what i named it a stop win is at least so important as a stop loss. Sometimes very difficult to manage cause you can have a good streak and have your winning goal in a session of 10 minutes even five like yesterday and you have to decide yourself that it's done for that session or that day and go home or come back later.
i lost more in my gambling history cause i didn't implement a stop win at one point just because i won sometimes too fast and i was not able to stop and close the session. There's a lot to say around that but it's a very important concept in any money management method.

jerome.
 
The following users thanked this post: kav, Reyth

MrPerfect.

  • Great Contributor
  • *****
  • Posts: 826
  • Thanked: 443 times
Re: Bankroll management can save you!
« Reply #2 on: May 09, 2017, 10:47:48 AM »
 Best tip for bankroll management is to have no bankroll. 
  Initial money you have to play do not have a big importance,  if you can win optimally. 
   There is a need to cash out part of your winnings to preserve them for a later date. It looks natural in casino eyes as well.... they start to freak out a lot if you win too much units in one session. There is always an option to come tomorrow and start with higher unit to continue your game from where you left it ( in terms of bankroll management).
 

Sheridan44

  • Mature Member
  • ***
  • Posts: 273
  • Thanked: 232 times
  • Gender: Male
Re: Bankroll management can save you!
« Reply #3 on: May 09, 2017, 03:28:42 PM »
John Patrick's - up and pull /pocket half of the excess - method seems quite prudent.
« Last Edit: May 09, 2017, 03:33:39 PM by Sheridan44 »
 
The following users thanked this post: Sputnik, Reyth

Rinad

  • Mature Member
  • ***
  • Posts: 214
  • Thanked: 277 times
Re: Bankroll management can save you!
« Reply #4 on: May 22, 2017, 02:15:09 PM »
 

     great topic, I like to mention that one advantage casinos have on players is that they anderstand money management.   if we,as players, and not just as players in the casino but even buildt into our own lives would practice better management ,we would be in better shape financially.
what you hear most consultant speak about, regarding business or family problem is the old;

DONT SPEND MORE THEN YOU EARN!

with no exeption that has to be on the forehead of every player.
1/   dont over bet your session making bigger bets then you should.
2/  dont give back more then 50% of session win ever.
3/  dont over state your welcome by staying too long or you could lose your focus and do something you could regret.

we dont need to have as much as the big banks or casinos in order to model their management skills.
what do they have that we dont?
A.  more cash then we do. solution;  we must know what amount we have and bet accordingly.
b.  total discipline. dont care what happen within a day's balance and know it is just a brick in the wall.  solution;  we should have a schedule and know when is our next visit so that we dont chase losses.
c. they play the same always their games without any difference in their actions, fully trusting the outcomes.  solution'  we have to know exactly what games we are playing and not differ from our knowledge of it, regardless of what happen in the short term.

another thing they have ; doing and creating a ambiance that do not reflect the "work" atmosphere and are magnificent in providing it.
solution;  remembrance of our mission at all time. what we are there and what our job is.
the latest may just be the most important point of it all.

good luck,

Rinad
 
The following users thanked this post: kav, palestis

Koko

  • New
  • **
  • Posts: 21
  • Thanked: 24 times
Re: Bankroll management can save you!
« Reply #5 on: May 23, 2017, 06:16:11 AM »
I also use bankroll but my strategy is by far more simple. I play until I reach my target (usually 20% of my bankroll) or I face a serious downhill which I try to recover than stop play that table immediately.