What does bankroll mean
The term “bankroll” is used a lot in gambling and refers to the total amount of money that a person has available to them to gamble with. The origins of the term are unknown, but it is thought to come from the early days of gambling when people would literally bring their bankrolls (a stack of bills) with them to the casino or horse track.
Nowadays, people usually don’t carry around physical cash with them when they gamble. But the term “bankroll” is still used to refer to the total amount of money that someone has available to gamble with. This can be either money that they have in their checking or savings account, or money that they have set aside specifically for gambling.
Few different ways that you can approach your bankroll
The first is to think of it as an entertainment expense. This means that you are only willing to lose a certain amount of money and you will walk away when you reach that point. For example, if you have a $100 bankroll, you might be willing to lose $20 in a night of gambling.
Another approach is to try and grow your bankroll. This means that you are looking to win money and increase the size of your bankroll. For example, if you start with a $100 bankroll, you might set a goal of winning $50.
Which approach is right for you? That depends on your goals and your attitude towards gambling. If you are someone who is simply looking to have some fun and doesn’t mind losing a little bit of money, then the first approach is probably best for you. But if you are looking to make some serious money from gambling, then the
How to calculate your bankroll
There are a couple different ways to calculate your bankroll. The first is to simply take your total gambling budget for the month and divide it by the number of times you plan to gamble. So, if you have a gambling budget of $100 for the month and you plan to gamble 10 times, then your bankroll would be $10.
Another way to calculate your bankroll is to take into account how much you are willing to lose in a single gambling session. So, if you are willing to lose $20 in a single session, and you have a gambling budget of $100 for the month, then you would divide $100 by 5 to get your bankroll of $20.
Which method you use is up to you. The important thing is to make sure that you are comfortable with the amount of money you have in your bankroll.
Bankroll management tips
Once you have calculated your bankroll, it is important to manage it properly. This means knowing when to walk away and not chasing your losses.
- A good rule of thumb is to only gamble with 1-2% of your bankroll in a single session. So, if you have a $100 bankroll, you would only gamble with $1-2 in a single session.
- Another important tip is to set win goals and loss limits. This means knowing how much you are willing to win or lose in a single session. For example, you might set a goal of winning $50 in a single session. Or, you might set a loss limit of $20. Once you reach either of these limits, you will walk away from the gambling table.
Following these tips will help you to get the most out of your bankroll and help you to avoid losing all of your money.
So, bankroll refers to the total amount of money that someone has available to gamble with. This can be either money that they have in their checking or savings account, or money that they have set aside specifically for gambling.