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Managing your Bankroll in the Casino

Your "bankroll" is the amount of money you set aside to play in the casino. Some players who just plan to visit a casino every now and then usually lay aside money for a few weeks, and then play them all for a few days. The bankroll is usually the budgeted money for your entertainment.

So how do you manage your bankroll? Let's assume that you already set aside enough money to play. But then, the first answer to that question cannot be answered once you enter the casino, but before you do so.

First of all, determine what type of player you are. To generalize the types of players, they can be divided into two. There is the extreme player and the conservative player.

An extreme player never thinks twice about the money he will pay. He believes that the only way to earn money is to keep on risking more and more money. For him, there is a huge price to pay for some action, and to keep more winnings as well.

On the other hand, the conservative player thinks twice about the price for entertainment. He hesitates to risk a large portion of his bankroll on a very uncertain outcome.

You might find yourself somewhat leaning on one of the two. If you are the high-roller you might feel that sitting on the five-dollar tables is not enough. On the other hand, a conservative player might save enough for a large bankroll, but does not agree on sitting on expensive tables.

The second way of managing your bankroll is to know your risk level. How much money are you willing to lose? Alas, this question is solved once you are actually playing at the casino.

The best way to know how much you can afford to bet is to slowly move up the tables. First, try the quarter-dollar machines or the five-dollar tables. Then, try the fifty-cent slot machines or move up to the ten-dollar tables. As you begin to lose money and are not very easy about it, then you know what level of risk you can handle. The moment you become uncomfortable, stop at that table and do not attempt to move up.

You comfortable level is the very important in managing your bankroll. It determines what type of player you are, hence, it will tell you how much you are willing to risk. Knowledge of the casino and its games is not enough. Managing your bankroll efficiency will eventually make you a true winner, no matter how small or large the winnings you take home.