Importance of a Big Bankroll
Written February 18, 2008 by Jack Jones
Without big time bankrolls not even the casino could stay in business, and that’s with having the odds in their favor almost all of the time. If you plan on winning over the long run in games like blackjack and video poker that you can turn the edge around and statistically beat, then you are going to need to do the same. If you limit yourself to a small amount for a bankroll in comparison to your bet amounts then you probably have found that sometimes you break even, you win every third or fourth trip to the casino, and then there are times that you lose that limited stack that you have.Even though everyone can get a little luck every once in awhile it takes the benefits of a big bankroll in order to turn the tables on the house. Even if you are betting at one of the best online casinos, playing smart, and are a good, honest person then you still aren’t going to come out on top without the benefits of having a big stack of chips to be able to use. The reason is that the casinos have a lot more cash and have more staying around power than you do. This is called the “gambler’s ruin.” This essentially means that it’s how long it will take you with your limited bankroll to lose all that you have to the house because the casino has an almost infinite vault of money to work with. It’s similar to the wealth of a single man in comparison to the kingdom he lives in. This is the ultimate weapon the casino possesses and the best tool they have to use against the players. Even if you have a short-term winning streak against a house that has an infinite stake, the house will outlast you and take you for all you have.
You can even test this theory out for yourself if you are not a believer. Find yourself some game that has even odds like War. You start off with $50 and set up an opposing player that has $50,000. This is similar to the drastic difference you will face when you take on the house. If you play for $5 per hand with the highest card winning the stake then you’ll quickly see how the fluctuations start effecting your bankroll because it is so small. However, the casinos large stack barely notices anything is amiss even if you win 10 hands in a row. A losing streak will find itself into your little game at some point or another and that’s when your bankroll will start to head downhill. The casino will grind away and get to your bad streaks that will come your way because their bankroll is so enormous in comparison to the stack that you are working with. Before long you are down to your last wager, and when you lost that you do not have anything in front of you that can help you start up your own winning streak once again. And this is playing a game with an even-up advantage, think about how this will work with a large house edge in their favor.