Win goal is defined as the amount of money you are looking to win in any one session. The more you study the importance of your win goal, the more you realize that this concept extends to all parts of your play. In fact, it is something you need to analyze and take very seriously if you are going to succeed in your gambling. Let me explain.
The most important decision you need to make when you start your gambling is: How much money do I want to win? Of course, everyone wants to win millions but we’re trying to determine what you really need to win to make your gambling worthwhile.
The next most important decision is: How much can I financially and psychologically invest in my gambling? This comfort zone is important because you will never win enough if you play scared (too high of a bankroll) or aggressively (overplay with too little of a bankroll).
But the win goal is the starting point. Most clients have an idea of what they want to win, but are worried about putting up the investment to achieve that win. They fall prey to one of the biggest gambling pitfalls: They think they can win more by playing more.
Wrong! You win more by increasing your playing unit and playing around the departure rules that make this win goal possible. Once you know your win goal, you must know the bankroll needed to attain this profit. The rule of thumb I use is your win goal should be 25-30% of your buy-in. If you want to average $400 each time you play, then you must bring a $1500 buy-in and play with the appropriate bankroll and betting unit of $50.
But what if you can’t psychologically and financially play with a $1500 buy-in and $6000 bankroll? What do you do? Good question. You either have to accept a smaller win goal or risk the money you need to achieve this higher goal. But perhaps there is another way. That is, you can start small, at units that you are very comfortable with and build up your unit size.
A better ratio is to start at a unit that is one third of your desired money management and win goal. So, if you want to win $400 a day and need a $1500 buy, then start at $15 or $20 units and build up from session to session until your bankroll is at the proper size. Plus, you can increase your unit when you reach a higher buy-in, not bankroll. This will make the journey to a higher unit even faster.
Either way, increasing your bankroll or buy-in, the waiting time is reasonable and you will soon be matching your win goal with proper money management. Eventually your playing time will be more satisfying because you will be averaging the win goal you want without the psychological and financial stress. Until next time.