What is Bankroll Management?

Your "bankroll" is the total amount of money you have set aside specifically for gambling. Bankroll management is the practice of using that money wisely to ensure you can withstand losing streaks and play for a reasonable amount of time without running out of funds prematurely.

5 Steps to Effective Bankroll Management

  1. Set a Strict Budget: Decide on a total bankroll. This should be money you can afford to lose.
  2. Divide Your Bankroll into Sessions: Don't take your entire bankroll to the table at once.
  3. Set Your Bet Size: A common rule is to bet only 1-2% of your session bankroll on a single wager.
  4. Set Win Goals and Loss Limits: Decide on a realistic win goal and a strict loss limit for each session.
  5. Never Chase Losses: This is the golden rule. Increasing your bets to try and win back what you've lost is the quickest way to deplete your bankroll.