Your Bankroll Management (or money management) decides whether you walk out of the casino a winner or a loser! The right bankroll management ensures that you can accurately assess your risk and keep it as low as possible, but also make the most of favourable situations.
What is a bankroll in blackjack?
A "bankroll" is actually a bundle of money or a roll of banknotes. However, you don't necessarily have to carry your money around with you in small rolls to have a bankroll. These days, you can also use a notebook, a App or even their own account.
It is important to be accurate and record all income and expenses and most importantly:
The bankroll consists only of Money you don't need to live and you can lose it anytime you want.
In blackjack, a distinction is made between different types of banrolls:
START-BANKROLL
The starting bankroll is the amount that you save up or scrape together when you first start your career. play blackjack want. If this is in a online casino your starting bankroll might be 100 euros or dollars or the currency of your country.
But let's face it, no one deposits money into an online casino thinking about bankroll management!
That's why these 100 dollars will quickly belong to the casino and you keep depositing more money.
A blackjack player, on the other hand, looks at his bankroll like an investor.
We need a starting bankroll that at least 100 times the minimum stake amounts to.
In most casinos, the minimum bet is 5 dollars. Our starting bankroll should therefore be at least $500 amount to.
Better still, considerably more. Specialist books speak of 300 minimum units, which corresponds to 1,500 dollars.
Can't I just set a limit and just deposit money again when I lose $100?
Of course, if you have the money.
The disadvantages are as follows:
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- You quickly lose the overview
- You are lying to yourself
- You lose more than you want to
- You have too great a risk of loss because you don't have a large buffer in the event of bad luck.
It is therefore better to build up a larger bankroll.
If you don't have that kind of money, save until you have at least $500 together.
In games of chance there is always a fluctuation, which the layman knows as a winning streak or losing streak and the professional refers to as variance.
Chance will ensure that your account balance sometimes goes up and sometimes down. Sometimes quickly, sometimes slowly.
These short-term fluctuations are as unpredictable as a stock market price. The more money and time you have, the less you are affected by such fluctuations.
If you only have a small buffer, or none at all, to protect you from the Total loss (Risk of Ruin) you will lose again and again without being able to survive such negative series and get back into the profit zone.
I'll show you using a graph as an example:
If you have a bankroll of 100 dollars, the first downswing will leave you bankrupt. You may still have some money in the bank, but you may have to digest the loss first and stop.
Then you do it again and again. When your 100 dollars are gone, you stop.
However, you are missing out on the fact that luck could be on your side again if you had more room to manoeuvre. With a bankroll of 200 dollars, you would have survived this first downswing and made a little profit again. But it would still have gone downhill again at some point. Then the 200 dollars would also be gone.
With 300 dollars you could have endured this downswing and then benefited from a strong upswing (lucky streak).
Better yet, if you have even more of a buffer so that such short-term fluctuations don't throw you off too much.
For this reason, 100 to 300 minimum units have proved to be a good idea.
It is better to save and play with more money than to constantly have to pay more money.
MISSION MANAGEMENT
You should also determine the stakes in line with your bankroll management.
Up to a bankroll of $1500, you should have no more than $5 as your standard bet.
Bear in mind that this Insert is increased by card counting.
We can only have an advantage over the casino if we bet more in good situations and only the minimum stake or ideally nothing at all in bad situations.
To be profitable at blackjack with card counting, we need a betting range of 8 or more!
We make our bet dependent on the True Count. (See: Counting cards - The ultimate guide)
- If the True Count is negative, 0 or +1, we bet nothing or the minimum bet.
- With a True Count of +2, we set 2 units.
- With a True COunt of +3 we set 4 units
- With a True Count of +4, we set 6 units.
- If the true count is +6, it is 8 units.
This means that we bet up to 40 dollars per hand instead of 5 dollars. On average, the average bet will be around 10 - 15 dollars, as most hands are still played with the minimum bet.
However, in order to be able to place high bets in good situations, we need a large enough buffer. If we don't have enough to bet in these good situations, we won't be able to get the maximum out of every situation in the long term and will inevitably win less or even make a loss.
Also bear in mind that in a good situation with a high count, you may be given the opportunity to double or a pair to Share!
Then you suddenly have to be able to double a large stake without fear of going bankrupt.
You see: bankroll and bankruptcy are close together.
TRIP BANKROLL
If you're not a full-time blackjack pro, you'll probably only visit real casinos a few times a year. The classic is a weekend in Las Vegas. To avoid being overwhelmed by the atmosphere here, it is advisable to split your bankroll into a trip bankroll.
For example, if you are going to play blackjack for 3 days, divide your bankroll into three parts.
If your bankroll is 1500 dollars, take a maximum of 500 dollars as your daily bankroll. If you have a bad day, you will still have enough money for the other days.
