Live Casino Bankroll Management

Live Casino Bankroll Management at US Online Casinos

Live casino games are some of the most popular and enjoyable on the market at the moment. Many players have started to make the move from standard table games and towards playing live casino games.

This is mainly because of the increased levels of immersion that live casino games tend to offer. What many players don’t understand is that they still require a bankroll management strategy when playing live casino games. 

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Your Guide to Bankroll Managment

What is a bankroll management strategy? How do you use one and how do you apply it to different games? We’re going to cover everything that you need to know when it comes to applying a bankroll management strategy.

• Which games are available
• Which strategies are best to use
• Which games can you use the different strategies on
• How you can boost your bankroll

if you’re ready to learn about different bankroll management strategies and how you can apply them to your live casino games, just keep reading our highly detailed guide. 

What Live Casino Games are Available?

Players have access to a large number of different live casino games. They encompass all titles that you would expect to see in a table game section, and actually some more besides. Here’s a quick look at what you can expect to see in a live casino section.

1. Live Roulette
2. Live Blackjack
3. Live Baccarat
4. Live Game Show Games
5. Live Keno
6. Live Sic-Bo

The fifth and sixth entries on that list are significantly less common than the other four. The game show games are generally created by Evolution Gaming. They are a mix of a game show and gambling choices. They usually use a spinning wheel of some kind, similar to Wheel of Fortune. 

Which Strategies are Best to Use?

Before we actually jump into specific bankroll management strategies, we’re just going to outline a few hints and tips that will help you to keep on top of your bankroll in general.

These will ensure that you’re fully ready to begin carrying out a more complex way to control your bankroll.

1. Set a Limit for Losses
   Look, we’re not going to lie to you. Not everyone will make a profit at online casinos in the US. You have to understand that it might be you who makes a loss. Because of this, it’s important to set the limit for your losses and if you hit that limit, walk away. Chasing losses is the number one way to get into trouble when gambling.
2. Set a Limit for Wins
   This is basically just a long-winded way of saying, don’t be greedy. Set an amount that you would be happy to walk away with and if you hit it, walk away. Once you have made the profit you want to make, if you carry on playing it just means you have a chance of losing it. Any profit is always better than a loss.
3. Don’t Bet Beyond your Means
   If you will miss the money you are wagering, then you shouldn’t bet it. You should only ever play with spare cash. If you don’t have any spare cash, then wait until you do to start playing.
   
   Those three tips should be taken into account with every single betting strategy that we’re about to go through. At the end of each strategy, we’ll also go over which games they are best suited to. That way you won’t ever have to worry about using a strategy on the wrong game.

Martingale Strategy

This is possibly the most famous bankroll management strategy there is. It is extremely simple for players to carry out. It essentially doubles the player’s stake every time that a bet loses. However, it can only be carried out on games that offer even money bets.

This is because these even money bets offer a pretty much 50% chance of winning, so in theory, a win should come along in time to cover any losing bets. For example, when playing Roulette, there is statistically just a 2% chance of losing 6 in a row when placing even money bets. 

So, how exactly does this work in practice?

1. You place a single unit wager on red at the Roulette table. If this bet loses then you would double your stake for the next spin.
2. This time you place a 2 unit wager on red. If this loses then you double your stake again.
3. This time you place a 4 unit wager on red. This time the bet wins and you get back 8 units. 
4. Thus, in total, you wager 7 units but have won 8 units. This gives you a total profit of 1 unit. 

Games it can be used at:

• Live Blackjack
• Live Baccarat
• Live Roulette

1-3-2-6 Betting System

This system is what’s known as a progressive bankroll management system. This means that it rises when you win, rather than lose. The 1-3-2-6 system is named after the sequence of units that you place. Just like the Martingale strategy, it has to be used on a game that offers even money bets. 

The system works as follows:

1. You place your first bet at a single unit. If you win then you increase your second bet to 3 units. 
2. If your second bet wins then you will change your third bet to 2 units. 
3. If your third bet wins then you increase the final bet to 6 units. However, this bet finishes up your next bet is back to a single unit
4. If you lose at any point during the sequence then your next bet is a single unit

What makes this system so interesting is that when you go through the sequence, if you win two in a row then it’s impossible to make a loss. This is because all of the next bets in the system will be paid for with your winnings. It also only bets above a single unit for four steps of the system.

After this, it returns back to a single unit. Meaning that you don’t have to continue betting on a constant upward curve, so if you make it all of the way through, you don’t keep betting big and wiping out your profits. 

Games it can be used at:

• Live Blackjack
• Live Baccarat
• Live Roulette

Game Show Game Systems

You might have noticed that none of the bankroll management systems we have covered offer players the ability to use them on game show games. The reason behind this is that they all offer different rulesets. So, unless you find one that has an even money bet, with an even opportunity of it coming in, you will struggle to use these systems effectively. 

However, you can manage your bankroll depending on each individual game. It just requires some time spent studying how the game works. 

How to Boost your Bankroll

One of the best ways to boost your bankroll is by using a promotion that’s on offer at your favorite online casino. Just take a look at what’s available and then from there you will be able to find a bonus that suits you. 

Just remember two main things. Firstly, you will need to find a bonus that’s catered for live casino games. Not all bonuses can be used on them, so you will need to check first. Secondly, go over the terms and conditions to make sure that the bonus is fair to you.

A huge bonus might be tempting, but wagering requirements of 200 times mean that you have no chance of achieving them before making a withdrawal.

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