I just stepped out for an hourly lunch and while enjoying a delicious rigatoni with eggplant I thought how overrated the word 'bankroll' really is.
The word bankroll is used daily by almost all gamblers, bookies alike. We use it during regular conversations, we post about it but I dont think it really means much of anything. What is a bankroll, specifically, what is your bankroll?
It is widespread knowledge that no bet should exceed 1 or 2 percent of your bankroll, that you should never have more than 10 percent of your bankroll on one given night. In theory, this sounds like a smart idea, however, once we get down to the details, I think the word bankroll breaks down and falls apart.
First, we have to decide what each persons bank roll is. Will it be 100, 1000, 5000 or 20,000 dollars? What criteria is used to come up with such a figure? Is it simply how much you can afford to lose? No, I dont think so, your financial situation is never the same, thus you can afford to lose more or less at any given moment. What then do you use as criteria to set your bankroll?
Now, you start wagering, your bankroll goes up, your bankroll goes down. Two things can happen that might alter your bankroll. One, you win alot, in which case you start thinking of taking a payout, thus reducing your bankroll significantly. What happens to the bankroll then? Do you put the money back in when the balance of your account starts going down?
The second option is, your bankroll starts going down, and ultimately, your bankroll becomes somebody else's bankroll. What happens then? Is that it? No more betting for you? This is very very hardly the case as the 'bankroll' was whatever you wanted it to be in the first place. Why not make it 25% more than what it originally was?
To make matters more complicated, setting up your bankroll where you can play is as complicated as it gets. Throw in the time, effort and fees, and you're looking at very distorted figures. Do you send all your bankroll offshore at once? Do you send 25% of it? Do you put 20% in one book and 20% in another? Getting paid is not as easy as it seems and that can work as a deterrent in a books favor. I know its a hassle to go get your picture taken, fax your ID, etc etc so some might think it twice before asking for that payout.
In general, the factor that makes the word bankroll, the most overrated word in the offshore world is the fact that, like I said, your bankroll is whatever you want it to be. Just like that, it can change overnight, or from one game to the next. I think there is no exact definition of what a bankroll really is and that, 99% of the time, is a recipe for D I S A S T E R .
Opinion are welcome.
Slim
The word bankroll is used daily by almost all gamblers, bookies alike. We use it during regular conversations, we post about it but I dont think it really means much of anything. What is a bankroll, specifically, what is your bankroll?
It is widespread knowledge that no bet should exceed 1 or 2 percent of your bankroll, that you should never have more than 10 percent of your bankroll on one given night. In theory, this sounds like a smart idea, however, once we get down to the details, I think the word bankroll breaks down and falls apart.
First, we have to decide what each persons bank roll is. Will it be 100, 1000, 5000 or 20,000 dollars? What criteria is used to come up with such a figure? Is it simply how much you can afford to lose? No, I dont think so, your financial situation is never the same, thus you can afford to lose more or less at any given moment. What then do you use as criteria to set your bankroll?
Now, you start wagering, your bankroll goes up, your bankroll goes down. Two things can happen that might alter your bankroll. One, you win alot, in which case you start thinking of taking a payout, thus reducing your bankroll significantly. What happens to the bankroll then? Do you put the money back in when the balance of your account starts going down?
The second option is, your bankroll starts going down, and ultimately, your bankroll becomes somebody else's bankroll. What happens then? Is that it? No more betting for you? This is very very hardly the case as the 'bankroll' was whatever you wanted it to be in the first place. Why not make it 25% more than what it originally was?
To make matters more complicated, setting up your bankroll where you can play is as complicated as it gets. Throw in the time, effort and fees, and you're looking at very distorted figures. Do you send all your bankroll offshore at once? Do you send 25% of it? Do you put 20% in one book and 20% in another? Getting paid is not as easy as it seems and that can work as a deterrent in a books favor. I know its a hassle to go get your picture taken, fax your ID, etc etc so some might think it twice before asking for that payout.
In general, the factor that makes the word bankroll, the most overrated word in the offshore world is the fact that, like I said, your bankroll is whatever you want it to be. Just like that, it can change overnight, or from one game to the next. I think there is no exact definition of what a bankroll really is and that, 99% of the time, is a recipe for D I S A S T E R .
Opinion are welcome.
Slim
