The amount of your bankroll will be directly related to your comfort zone and affordability.
Part 24 – Bankroll August 24, 2008
I would suggest that you read or review Part 4 before getting into bankroll size. Once the scared money issue is out of the way we can concentrate on what is an intelligent amount of money to be put at risk.
The size of the bankroll per session will be directly related to the table minimum and your affordability. Your ability as an advantage player will also be taken into account along with the average number of players at the table. My style of betting and managing money may not coincide with your style and should be seen as an example only.
When playing at the boats we usually end up playing at crowded tables and at the mercy of what’s available to us. The minimum rated tables are usually $5, $10, $15 and $25. The $10 table being the most common. The tables usually average ten shooters. For the following examples we will say that I am the only DI at the table.
When at a rare $5 table, I would buy in for $200 and that buy-in would be my stop loss figure for that session. $100 would be used for betting on “Randies”. Betting a $5 pass-line or $6 place six on each player at the table. Worst case scenario, I would be able to play two complete rounds without winning. The other $100 would be used for my betting only when I had the dice. This will keep me at the table in play for close to two hours.
One or two of the “Randies” might make you a few bucks and if you do your thing, you should survive for awhile till lightning strikes. How you handle the wins is a matter of money management. Right now we are looking at making the most out of our bankroll.
If at a $10 table, I would buy in for $400 with a stop-loss set at $300. $200 for betting on the “Randies” and $100 on myself. No more than $50 per turn with the dice.
If at a $15 table, I would buy in for $500 with a stop-loss set at $400. Having $300 available for betting on the”Randies” and $100 on myself.
$25 table; Buy in for $1,000. Stop loss $600. For This level of play check with the Mad Professor and have your heart checked.
When in Las Vegas my buy-ins is usually double the figures mentioned above. This is for comp purposes at the hotel I’m staying at. My stop-loss figures are pretty much the same.
Learn to play within you’re bank roll and heed your stop-loss figure. You will be surprised at how far your bankroll will go.
Remember, it’s not the size of the bankroll that counts, it’s the way you apply the bankroll. Make sure you have a bankroll survival plan in place.
Eliminate scared money. Build a bankroll from surplus funds and then insert your money management plan
Charlie009
Copyright 2008
