Casino Australia Bankroll Strategy

How Much Money Do I Need

Regardless of how big or small your annual replenish able bankroll is, you should be able to draw up a bet-sizing schedule using the chart above as a guideline. Do not waste your time studying complicated Kelly betting strategies or risk of ruin charts, or any of the complex methods that pros on fixed bankrolls use, or teams of pro Australia casino players seeking investors must master. With a replenish able bankroll, you're well on your way to making money at this game. But if you quit your job, move to Vegas, and start playing full time on the fixed amount of capital you arrived with, you've got some serious considerations ahead of you.

Fixed Bankroll Strategies

Let's assume that you have a fixed bankroll, which is not replenish able because you either have no income, or every penny of your income goes to paying bills and supporting your lifestyle, with no regular expendable funds. Unless you've got a bunch of money at your disposal, engaging in a high-risk pursuit like card counting may not be a great idea. You could lose quite a bit, or even see all your cash disappear. But only you can decide how much risk you want to assume with your own money, so let me spell out the facts as best I can so that you're able to decide for yourself.
There is one concept in place in every betting strategy for card counters: bet more when you have the edge, and less when the house has it. However, a number of factors complicate this point. First, you must know how much more to bet when you have the edge, and second, you must raise your bet in a way that does not attract unwanted attention. Third, you have to have a big enough bankroll to withstand the fluctuations.
Players who use the simple Red Seven Count, or for that matter any unbalanced card counting system that does not include a true edge adjustment, must bet more conservatively than players who use an accurate method of estimating their advantage as they play.

Single-Deck Betting on a Fixed Bank

In single-deck games, your high bet with the simple Red Seven should be your total bankroll divided by 100-given a $10,oo0 bankroll, your high bet should be $l00 This assumes that you use the simplified betting chart with a 1 to 8 spread. With a smaller bank, you may find it impractical or even impossible to spread 1 to 8 with a 1 % maximum bet, due to high table minimums, so you'll be stuck with a 1 to 4 spread. In this case, you do not want to place your maximum bet until your count justifies the 8-unit bet according to the betting chart. Otherwise, you will place far too many bets max when you do not have the advantage to justify them.
Players who use the True Edge adjustments that more accurately gauge their precise advantage will find more aggressive betting advice in , "Professional Betting Strategies." The conservative betting advice here is geared to keep casual players from getting into trouble.
You must constantly reassess the size of your bankroll as you play, and alter the size of your bets accordingly. This doesn't have to be a complicated procedure: You know the size of your bankroll prior to the beginning of play, so just keep track of how much money you pull out of your pocket as you play.
Always buy chips in small amounts. If you're playing with nickels ($5 chips), don't buy in for more than $100. If you're playing with quarters ($25 chips), you shouldn't buy in for more than $500. If you need more chips, you can always pull more money out of your pocket. Pit bosses, meanwhile, are sometimes wary of players who buy in for large amounts, then start betting small. Casino floor men like to see players digging into their pockets for more money since that means they're losing. By keeping track of how much money you pull from your pocket, you'll always know your bankroll position - the difference is right in front of your eyes.