Bankroll Management
The practice of managing one's gambling funds to withstand statistical variance, prolong entertainment, and play responsibly.
Bankroll Management is a critical discipline for any serious player. It is not a strategy for winning, but a strategy for not losing due to poor financial planning. The core principle is to set a dedicated budget for gambling (the “bankroll”) and only ever risk a small fraction of it on any single session or bet.
A common rule of thumb is the “1-2% rule,” where a player’s stake per spin or hand should not exceed 1-2% of their total bankroll. This allows them to withstand the natural swings of Volatility and avoid the “risk of ruin” during a downswing. Effective bankroll management is the cornerstone of responsible gambling.
Formulas and examples
Simple Strategy:<br>1. Set a total bankroll (e.g., £200).<br>2. Determine your session budget (e.g., £20, or 10% of total).<br>3. Choose a stake size that allows for a large number of plays (e.g., £0.20 per spin).