Bankroll management is a term that most gamblers are familiar with in one way or another but if you’ve never really paid much attention to implementing good bankroll management into your own casino play, you are doing yourself a disservice. Sound bankroll management can ensure that you are able to play the games you like for longer and with the best possible returns, which means that your online casino experience will be more enjoyable than ever before.
No matter what type of casino game you choose to play, there are two basic numbers that you should always consider namely the house edge and overall volatility of the game. If you are a highly skilled blackjack or video poker player then you will often be able to achieve payouts of 99% or higher which means the house edge is quite low. The volatility of both games is also low, with blackjack being slightly lower than video poker.
These factors are important because they will indicate how aggressive you can be with your bankroll when playing your favourite online casino game. Obviously the lower the house edge and volatility of a game, the more aggressive you can be with your bankroll by placing larger wagers. So if you’re playing games like blackjack and video poker that have both low house advantage and low volatility you can play an aggressive game and adjust your betting sizes as need be.
The next question you might as is “where should I start?” The answer is that if you are quite good at either blackjack or video poker, then you can apply the 300x rule. This means that you should be able to place 300 bets with your bankroll and should adjust the bet size accordingly. For example, if you have a $150 bankroll then you should play no more than $0.50 per hand. Keep in mind that in a game of Blackjack you may want to double or split cards and this will require additional bets you may want to add a little bit more to account so that you work off the 400x rule instead.
Also keep in mind that some variations of these games alter the payout rates and volatility quite considerably and you will then need to adjust for this. In video poker variants top heavy pay tables increase the volatility of the game you’ll need to adjust by playing more conservative bets. Likewise if you play a new blackjack variant that you are unfamiliar with, expect a higher house edge until you master the particular game and adjust your wager using a more conservative approach until you have done so.
Overall, making use of these factors when determining your bankroll management strategy is the best way to get the most out of the games you play.