vpFREE2 Forums

Bankroll Definitions

#1

Here are some definitions of "bankroll" from various online glossaries:

casinoarticles.com: the amount of money you have to gamble
casino.info.com

worldonlinregambling.com The amount of money a player has for one gaming
session
onlinecasinoguide.com
funzone.ws
casino.games.download.net
vegas.casino.gambling.online.com
casinolookup.com
casinocafeonline.com
gambling.games.biz
gambling.bet.com
worldonlinegambling.com
allgame.com
casinos-gambling.com
virtualinternetcasinogames.com

crazycashcasinos.com Your available gambling money
nfl.football.sports.gambling.com

mvppoker.com A total sum of money a player is willing to risk on a given
visit to a casino

mvppoker.com The total amount of money one is willing (and able) to put at
risk. An adequate playing bankroll for a particular game (assuming positive
expectation) is an amount large enough to survive the expected swings due
to variance. For a negative expectation game, an adequate bankroll is one
which doesn't run out before you die.
To bankroll someone is to provide some or all of the money they use to
gamble. In effect, you assume part of the risk in return for part of the
profit.

Questions: Why do some members of vpfree and winpoker believe that the
term "bankroll" somehow applies to a *lifetime* of gambling, rather than
to each individual session? What is the benefit of re-defining this term?

Throughout my years of experience at various games, the term "bankroll"
has always coincided with the above definitions. It wasn't until I became
a member of vpfree that I saw the notion of "lifetime" assigned to the
definition. What is it about vp that makes this unique definition either
important or of practical value?

lb
"variance giveth, variance taketh away"

#2

Lawrence Boxer wrote:

Questions: Why do some members of vpfree and winpoker believe that
the
term "bankroll" somehow applies to a *lifetime* of gambling, rather
than
to each individual session? What is the benefit of re-defining this
term?

Throughout my years of experience at various games, the term
"bankroll"
has always coincided with the above definitions. It wasn't until I
became
a member of vpfree that I saw the notion of "lifetime" assigned to the

definition. What is it about vp that makes this unique definition
either
important or of practical value?

lb -

I realize that I've personally been forcing the long-term/short-term
distinction when it comes to discussing "bankroll" lately -- perhaps
very inappropriately since you're likely correct that common usage
allows for both.

However, I find the frequent interchangeable references a little
disconcerting, especially since often the word is used ambiguously when
immediate context doesn't make things clear.

Frankly, I'd much rather people reference a "stake" when talking about
cash requirements for a gambling session or trip.

When the bankroll subject is raised, my immediate focus is on the
long-term. I kinda figure that the short-term will take care of itself
a whole lot more readily than the long-term. And it's the long-term
funding requirement expectation that I think most players have a
difficult time fully conceiving, much less keeping an eye on.

Well, you now know where I'm coming from in this. I've no right to
insist that the discussions in which I participate adhere to this
terminology.

But I sure would find it a lot more convenient if people could simply
refer to "stakes" and "bankrolls" and know what is meant, rather than
have to rely upon the cumbersome reference to "short-term" and
"long-term" in order to properly convey the sense in which "bankroll" is
referred.

- Harry

#3

Harry, I now understand your concerns and I think that they are
justified, in large part. I don't see a vital distinction between
long term and short term bankrolls, beause, contrary to your thinking
on it, I see it as the long term that will take care of itself. But
I see your point, and the distinction is useful.

lb
"variance giveth, variance taketh away"