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Best Bankroll Practices
To become a successful long-term gambler you need to define your bankroll, but before that it’s important to define what is actually meant by the term “bankroll”. Essentially all the money you gamble with could be classed as your bankroll, but it’s crucial to realise that your bankroll is not all the money you have. A gambling bankroll should only consist of money that you can afford to lose. Thus, if you’re net worth is $10,000, your bankroll shouldn’t be $8,000 because the real life effects of losing will be significant. Your casino kitty should be a small portion of your spare cash. By sticking to this you’ll not only enjoy your gambling experience much more but stand a better chance of making profitable decisions. The reason for this is because you won’t feel pressured to make the right move. In almost all gambling scenarios there is a mathematically correct move you should make, but in the heat of battle it can often be tough to make the right play; especially if the money means a significant amount to you. If you’re only playing with money you’re comfortable losing, then making the right move will be easy because you can forget that it’s money you’re playing with and focus on making the correct decision. In essence your bankroll is one of the tools in your arsenal to beat the casino with. Whether you’re sitting at the blackjack table or standing over a roulette wheel, the chips you bet should be seen as such and not as real money. The only time they become valuable is when you exchange them at the cashiers’ desk after a successful session.
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