Basic of the Basics
Bank Roll: The Bank Roll a person maintains is, that which he borrows his Buy-ins from. The Bank Roll is the total group of money that the player has set-aside for gambling. A person can have one or more Bank Rolls for various purposes. Myself, I have a Bank Roll for Las Vegas or Atlantic City when I go on a destination venture. I have another Bank Roll for the local area casinos.
Buy In: The Buy-in is the amount of money the person buys in with for a particular gaming session. IMO, through experience and knowledge, I would earmark 5% of my Bank Roll for a max Buy-in. Example. $10,000.00 Bank Roll would equate to a $500.00 Buy-in. At times I might go as high as 10% Buy-in, but I do not believe I would ever go higher than that now.
Wins must replenish the Bank Roll and remove the Buy-in from the table and replace the Buy-in into the Bank Roll or at least hold off the table with no re-buying in if the current chip level is lost.
Buy-ins must be viewed as total risk capital, IMO. A Buy-in is played until wins are realized or the Buy-in is lost.
A certain amount of win money has to be pre-determined in the persons mind in order to apply the 1/3rd, 1/3rd, 1/3rd I have written about and preached about. The willpower, consciousness and non-tilt has to be constantly remembered can come about and avoided or at least be able to realize it/those are present and be able to walk away before the hurt starts.
Positive progressions must be used when the win(s) start.
Explore and know what my 1 + 4 Side Parlay Wager is and how it is employed and attempted. It is a powerful and very profitable tool, IMO.
Know what your real Level & Plateau is. Realize when you are outside of it and use it to your advantage.
Example on a good Money Management Method. Buy-in with $1,000.00. Get up $2,200.00 in win money. Total in front of you $3,200.00. Remove $1,000.00 from the table and secure with no chance to use again. The remaining $2,200.00 is split up to $700.00, $700.00 and $800.00. $700.00 is also secured without any chance of re-buying in with that amount. The second $700.00 is held in reserve for a possible re-buyin amount if you deem desirous. And the $800.00 is played with as your current Buy-in and stack in order to win additional money and reapply the 1/3rd, 1/3rd, 1/3rd, etc.
Figures above are examples.
Bank Roll: The Bank Roll a person maintains is, that which he borrows his Buy-ins from. The Bank Roll is the total group of money that the player has set-aside for gambling. A person can have one or more Bank Rolls for various purposes. Myself, I have a Bank Roll for Las Vegas or Atlantic City when I go on a destination venture. I have another Bank Roll for the local area casinos.
Buy In: The Buy-in is the amount of money the person buys in with for a particular gaming session. IMO, through experience and knowledge, I would earmark 5% of my Bank Roll for a max Buy-in. Example. $10,000.00 Bank Roll would equate to a $500.00 Buy-in. At times I might go as high as 10% Buy-in, but I do not believe I would ever go higher than that now.
Wins must replenish the Bank Roll and remove the Buy-in from the table and replace the Buy-in into the Bank Roll or at least hold off the table with no re-buying in if the current chip level is lost.
Buy-ins must be viewed as total risk capital, IMO. A Buy-in is played until wins are realized or the Buy-in is lost.
A certain amount of win money has to be pre-determined in the persons mind in order to apply the 1/3rd, 1/3rd, 1/3rd I have written about and preached about. The willpower, consciousness and non-tilt has to be constantly remembered can come about and avoided or at least be able to realize it/those are present and be able to walk away before the hurt starts.
Positive progressions must be used when the win(s) start.
Explore and know what my 1 + 4 Side Parlay Wager is and how it is employed and attempted. It is a powerful and very profitable tool, IMO.
Know what your real Level & Plateau is. Realize when you are outside of it and use it to your advantage.
Example on a good Money Management Method. Buy-in with $1,000.00. Get up $2,200.00 in win money. Total in front of you $3,200.00. Remove $1,000.00 from the table and secure with no chance to use again. The remaining $2,200.00 is split up to $700.00, $700.00 and $800.00. $700.00 is also secured without any chance of re-buying in with that amount. The second $700.00 is held in reserve for a possible re-buyin amount if you deem desirous. And the $800.00 is played with as your current Buy-in and stack in order to win additional money and reapply the 1/3rd, 1/3rd, 1/3rd, etc.
Figures above are examples.