Managing your Bankroll

How you manage your gambling bankroll, more than anything else, will determine how well you do at online casino gambling. “Experts” at various forms of online casino gambling are nearly a dime for a dozen.

Take poker, for example. At no time in history have there been more poker players playing as much poker as there is today. With that comes expertise. Yet of these multitudes of poker experts, very few actually succeed because very few have any money management skills.

Sports gambling is another great example. At no time in history has there been more information that is readily available to gamblers ranging from an incredible amount of statistical data along with news reports from everywhere in the world via the World Wide Web. Yet with all of this information, few gamblers make money at online casino gambling because, again, they don’t know how to manage a gambling bankroll.

A gambling bankroll is the lifeblood of a gambler. It is not to be wasted. A firm plan and hand needs to be in place to protect the gambling bankroll from needless risk

One of the biggest errors made by gamblers is to go on “tilt” after a tough loss. “Tilt” means to “chase” losses by making bigger bets, often on lower percentage plays than the one that originally lost. Some of the most knowledgeable experts at gambling on a particular game of chance will blow themselves and their bankrolls apart by going on tilt.

A gambler with average knowledge of his game but expertise on money management will succeed at online casino gambling than a counterpart with pure expertise on his game but ignorance at managing a bankroll.