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How Can I Calculate My Bankroll?","duration":183.4,"hashedId":"oddpbpoq3j","branding":false,"enableCustomerLogo":true,"seoDescription":"Mr Blackjack shares his tips and experiences on building sizeable and sustainable bankrolls so you can play responsibly at the casino.","preloadPreference":null,"flashPlayerUrl":"https://embed-ssl.wistia.com/flash/embed_player_v2.0.swf?2017-04-20","showAbout":true,"createdAt":1641754070,"firstEmbedForAccount":false,"firstShareForAccount":false,"keyframeAlign":true,"useMediaDataHostLogic":true,"projectId":6355787,"stats":{"loadCount":306,"playCount":163,"uniqueLoadCount":229,"uniquePlayCount":149,"averageEngagement":0.738579},"trackingTransmitInterval":20,"integrations":{},"captions":[{"language":"eng","text":"Calculating your bankroll.\n\nThis comes back to whether\nyou're playing blackjack\n\nto have fun, or are you a\nplayer and here to make money.\n\nWhichever reason, we'll\nhelp you determine\n\nhow to calculate your\nbankroll so you can keep\n\nplaying blackjack for longer.\n\nLesson 3.\n\nHow can I calculate my bankroll?\n\nIf you're here to\nmake money, you\n\nneed to set a certain amount of\nmoney aside for this business.\n\nI say business, because\nit needs a life of its own\n\nand should not depend on\noutside money to survive.\n\nYou are its sole employee.\n\nYou are the worker and you\nhave no salary, as of yet.\n\nYou also cannot depend on\nthis money that you invested\n\nin your blackjack company to pay\nyour rent, food, or nights out.\n\nYou have to be serious about how\nmuch you're willing to invest.\n\nSet some rules that you will\nalways follow and pretend\n\nthe money isn't yours to take.\n\nSay you go out and win big.\n\nIt's not time to go out and\nplay Mr CEO and buy a $300 wagyu\n\nsteak with a $40\nglass of whiskey.\n\nYou're simply the\nemployee whose job\n\nit is to grow that business.\n\nReinvest that money\nback into the business.\n\nYour bankroll should\nbe representative\n\nof a portion of your savings and\nthe amount of disposable income\n\nyou can part with,\non a monthly basis.\n\nWhen I started out, I\nhad next to nothing.\n\nMy nightly bankroll was\n$50, but I knew that the $50\n\nwas the total amount I\nwas willing to invest,\n\nbecause it's all I had.\n\nI worked as a cashier at a\ngas station making $6 an hour\n\nand come Friday night, it\nwas time to hit the tables.\n\nAfter a few sessions, I\ntook that $50 to $500,\n\nand then on from there.\n\nA healthy way to\nlook at this, would\n\nbe to look at your current\nbalance in your bank\n\naccount versus your\nbills, and come up\n\nwith your disposable income.\n\nThis is extra money you\ndo not need to survive.\n\nIf you have $5,000\nin your bank account,\n\nyour disposable income is 2000.\n\nYour initial investment\nwould be $2000,\n\nthen an extra $400 per\nmonth as an add on,\n\nwhich is 20% of your\ninvestment as a top-up.\n\nDepending on how often you\nplay and how well you play,\n\nyou may never need\nthe monthly top-up.\n\nThe monthly top-up is there to\ncover any potential downswings,\n\nand make sure you aren't\ntouching your rent money\n\nwhen you're playing blackjack.\n\nAlso, it'll help you slow your\nroll, if you know what I mean.\n\nOnce you have\nachieved your 5x goal\n\nyou can start withdrawing\nand spending your winnings.\n\nAs a rule, try and stay\nat least within the 4x\n\nto 5x of your\ninitial investment.\n\nThis lets you continue\nto play at higher stakes\n\nwithout hurting your\noverall earning potential.\n\nNow go out, buy\nyourself that wagyu.\n\nYou've earned it.\n\n[MUSIC 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