Casino Bankroll Management: Tips for 2024 Online Gambling

Posted by Dave Consolazio . Last updated:

Easily one of the most critical — and most overlooked — parts of being a successful online gambler is bankroll management. Whether you are a poker player planning out how many entries you have, a sports bettor building up a stash, or someone who enjoys table games and slots, read on to find tips for getting your money right.

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What Is a Bankroll?

Your bankroll is the amount of money you are willing to comfortably spend on gambling. Do not think of a bankroll as the total balance in your checking and savings account but rather the portion you can dedicate to casinos.

For professional gamblers, their bankroll may be a much larger percentage of their total wealth. If you are just starting out in online gambling, understand that building a relatively stable bankroll will help you navigate the ups and downs that are inherent in all gambling.

Basic Bankroll Management Strategies

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Create Your Budget

When starting to manage your bankroll, you need to determine your initial budget.

Your bankroll will vary with your winnings but your initial deposit should not exceed what you would be safe losing.

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Build Up Your Bankroll

By only playing what you can afford to lose, you can build a larger bankroll through winning. Stick to games that won’t sink your entire bankroll immediately.

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Don't Chase Loses

Crucial to all casino bankroll management is avoiding emotional reactions to losing. In poker, chasing loses is known as being on tilt. Though no one likes to lose, proper strategy requires sticking to a long-term plan.

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Types of Bankroll Management

When gambling on the web, you’ll need to know the key types of bankroll management. Each type requires a slightly different approach, but the principles are the same: play within a budget, gamble with only what you can afford to lose, and never chase your losses.

Poker Bankroll Management

Online poker calls for a disciplined bankroll management strategy. To play in any cash game or poker tournament, you need to understand how many buy-ins your bankroll can support.

Sports Betting Bankroll Management

Successful sports betting requires staying disciplined in your bankroll management. For an extreme example, if you have a $10,000 bankroll, a $5,000 10-leg parlay is probably an unwise bet.

Casino Bankroll Management

Both slots and table games can quickly eat in to even the largest of budgets. When playing in person or at online casinos, place bets in line with the chances of the wager paying off. Keep your bets small, especially when playing luck-based games.

Top Tips for Casino Bankroll Management

When getting started with casino bankroll management, follow these simple steps to create a winning strategy! Remember, the key is to have an established bankroll management plan before you start playing.

Casino Bankroll Management FAQs

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