You might be scratching your head at this point, wondering what the types of bankrolls are. It’s no thing fancy, really. I just ran across a couple of terms that I thought would be perfect to use when talking about how you manage your bankroll when playing blackjack: fixed bankroll and replenishable bankroll.
These two terms have been defined by Lou “Chubs” Huntingford. His distinction is this:
A fixed bankroll is a bankroll that is not refillable by any means other than gambling. This is your only savings and the only way to add to the bankroll is by gambling. This is how you pay your bills. Without this money, you don’t eat. You are a professional blackjack player. This doesn’t mean you’re good, it means this is how you make your money – or lose it.
A replenishable bankroll is one that is refillable by your primary source of income. You have a primary job that replenishes your bankroll ; the income from your job is what pays the bills. You’re an amateur or semi-professional blackjack player who supplements (or diminishes) your money by gambling or blackjack.
I would like to put my own twist to the first kind, the fixed bankroll, by expanding the definition to include those who may not be a professional blackjack player BUT does not refill his bankroll by another means than gambling. Wouldn’t that be the perfect kind of bankroll?
You have a day job that provides for your basic needs, while your blackjack proceeds would go to more gambling activities and other luxury items perhaps. I have a mind to follow this kind of system.