By Jerry Stich

Simply put, long-term bankroll is enough money to play for an extended time.

Years ago, when games with returns of 100 percent or more were common, a long-term bankroll could last indefinitely as it only had to cover the variance of the game. Over time (perhaps a very long time) the player would end up winning, or at minimum, breaking even.

Sadly, those games are very rare today. Long-term bankrolls for negative expectation games (returns less than 100 percent) need a limit because eventually the player will lose everything. These limits are usually in hands played in a session or during an entire trip.

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