To better understand the dynamics that revolve around bankroll management it is necessary to make a brief introduction on the meaning of the term: the “bankroll” corresponds to the amount of money that a player decides to invest in the game. There is no literal translation into Italian, however the concept is quite clear: managing your savings
How bankroll works
The starting difficulty therefore lies in the initial definition of one’s bankroll. How to establish an exact quota? To use a similarity with the mathematical world, bankroll is a dependent variable, first of all on the choice of games in which we decide to participate but also on our style of play.
Therefore, being a dependent variable, it means that its independent management is not sufficient for the purposes of optimal management. A necessary condition is therefore to take into account that a portion of one’s bankroll will inevitably be lost.
Accepting early defeat is certainly the hardest part for a bettor to overcome. Even players who are very good at reading situations but unable to manage the available bankroll can go bankrupt in a split second. Indeed, it is sometimes amazing how all the efforts made to acquire a small nest egg are frustrated in the blink of an eye.
Definition of the bankroll quota
Before deciding which table to sit at to start playing, you need to understand what the minimum initial bet is. A move in line with the reasoning carried out so far. A good bankroll manager will never start by worrying about how much he will win but rather will estimate with certainty how much he will have to lose.
In general, the minimum accessible threshold for defining your bankroll settles on 50 playable hands, however if you are approaching the world of novice gambling, then it becomes advisable to play only tables with very low stakes.
Sometimes, however, it happens that the approach to the game is excessively conservative, to the point that the gains are so small that they are not even worth it. This leads to a total disregard for losses which represents the beginning of an increasingly steep mountain.
To summarize what has been said so far, managing your bankroll requires a financial and a psychological component. The risks must be evaluated but it is deleterious to be afraid of losing part of one’s assets.