The foundation of any profitable betting strategy is strict and disciplined financial management.

Proper bankroll management is what separates professional gamblers from casual players who go broke quickly.

Establishing Your Gambling Budget

Your bankroll should be an amount of money you are completely comfortable losing forever.

Divide your total funds into 5 or 10 smaller portions to ensure one bad night doesn't ruin your entire trip.

• Use the 'envelope system' in Vegas: put daily cash allowances into separate envelopes
• Adjust your stakes downwards if your bankroll takes a significant hit
• Discipline is the key; the math of the game means nothing if you cannot control your spending

How Much Should You Bet per Hand?

Your standard bet should be small enough to withstand the natural mathematical swings of the game.

For table games like blackjack, professional players recommend betting no more than 1% to 2% of your total bankroll.

In the casino, discipline and money management always trump luck in the long run.

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