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.    

The basics of the draw-down is a huge factor in what will determine if your Buy-In and your Bank-Roll is sufficient.  Second will be your Playtime.  And third will be your Money Management Method.  All 3 are tailored to you personally and you must have them correct and you must understand them and be conscious of them 100% while playing. 

Believe what you want;
Live how you want;
Be a typical loser without knowledge and experience, OR belive you have enough and wager with fallacy instead of proper thought;
Think you are not subject to the Bac fallacy downsides.

Do not believe what so many write about (with no proof, win-loss statements, etc.) especially with those statements along the lines of, "I always win, even when I lose I always come out ahead in the end", etc., etc., etc., and so on.

Buy-In.  Your Buy-In must be a small part of your actual Bank Roll.  If you lost your Buy-In without winning any decent amount and locking it up, you must stop your session.  No further buy-ins.  And I am not talking about taking a break or eating and calling a new session 20 minutes later. 

Bank-Roll.  Your Bank-Roll should be at least 20 times your regular Buy-In amount.  (If you are on an extended out of state gaming journey, nothing wrong with taking your entire Bank-Roll as long as each session is only a percentage of what your Bank-Roll is).  You Bank-Roll must be replenished with your win money when you win.  Do not continually build up and go with larger and larger Bank-Rolls, you are then invading and contradicting your own Level & Plateau you must remain in.  Higher Levels and larger Plateaus will only kill your Bank-Roll. 

You must view your Bank Roll and your Buy-In separately.  You must not run your session together, all day long, etc.  Just because you lose or win, cash out and take a 30 minute or 1 hour break, does not mean you should be convinced you are on a new session, etc. 

Playtime.  The largest and most frequent mistake that is detrimental to the player is his preset playtime.  How long you are convinced you should or will play and continue the draw-down or chasing or winning, etc.  The playtime is by far and large, the number one thing that will hurt you. 

Frame-of-Mind.  You cannot chase, must get back, you know you can, etc., etc., type of thinking when you are losing.  Those will kill you almost every time!  The few times you do recoup, will only add huge amounts of false-positives to your playing agenda.  Most all players do not understand this, think about those things or even want to know about them. 

No matter what people write on the internet, such as: "Oh I played and was losing and I kept playing because I always win my sessions", etc., etc., etc., all rubbish my friends! 

When you win you win.
When you lose you lose.

Money Management Method. You must research your own positive holding procedure for being able to hold your winnings and only give back a certain smaller amount for a continued effort to allow your win to continue.  Period. 

You must have multiple avenues to be successful at Bac.  Simply sitting down and wagering on one side for a certain event to happen, will never ever allow you to capitalize and grab the numerous opportunities that do exist, will present themselves and repetitively occur at the Bac tables.  Your losses will never equal out with what you are able to win. 

You must know your Level & Plateau you can function at and you gamble according to.  You must stay within that Level & Plateau but if you are winning, you can allow yourself to go outside of it, but when you begin to lose (which you will) you must immediately return to that very same regular Level & Plateau.  If you do not, you will only harm your Buy-In and Bank Roll, each and every time.

You must use Positive Progressions to capitalize and win amounts that will reward yourself for the risk of your capital. 

You must employ something similar to my 1/3rd, 1/3rd 1/3rd Side Parlay Wagering if you want to realize the potential of your knowledge and experience and have something work for you that will pay-off.