Establish an Attainable Goal
Protecting Your Online Bankroll

By
J. Phillip Vogel

Almost every gambler that I have ever spoken with has had really high hopes right before they started playing. Whether you admit it or not before the action gets going, I'll bet you secretly think that you can turn that $100 stake into thousands.

While it does happen (usually to a friend whose friend's roommate who swears by their system) the sad truth is that gamblers should consider that scenario like they do getting struck by lightning: it's not going to happen to them. At least not with any regularity to account for all of the previous losses.

If you really want to be a threat to any online casino - or land-based casino for that matter - be happy accepting the small returns based solely on your bankroll, and walk away once you're ahead. It's been estimated that at any point over 80% of the gamblers are ahead while playing. But the amount who walk away a winner is much smaller, around 7%. How many times have you been ahead and finished up in that 93%?

Okay, enough preaching. So how much should you expect to win? While I've seen higher, the value many professional gamblers suggest (myself included) is 30% of your initial bankroll. 30%. That's it. So let's say you have a bankroll of $1,000. Your goal for that day is simple: $300. I know it isn't quite the stuff dreams are made of, especially for those of you who want to take a shot with a much smaller amount, like $50 (who wants to win $15?) but 30% is the most any player can realistically expect to take away from a casino, especially an online casino where almost everything is left up to statistical chance. But remember a win, no matter how small, is still better than a loss

Before we move onto step three, I would like to clarify one last point to your goals. Setting a goal does not mean that you walk away the second you have hit your mark. While that's not altogether a bad thing (since you have the check in the win column at that point) you also have to consider that its difficult to pull ahead and walking away during a particularly hot trend could be counter-productive. Hot streaks rarely happen, and it is in your best interest to take advantage of them when they do finally make their way over to you. The 30% is not a rule, just a guideline; an amount that you should have in the back of your mind while playing as it represents a logical and reasonable win expectation.

In short, aim for the goal, try to get more if the trend is hot, but back off the second things start to change.Step 3: Follow Your Own Rules

Protecting Your Bankroll
Step 1: Set Limits
Step 2: Establish an Attainable Goal
Step 3: Follow Your Own Rules

Talk Casinos Home