Bankroll Management refers to the strategy of managing your gambling funds to minimize losses and maximize potential profits. It involves setting a budget for how much money you are willing to risk and sticking to that limit. This practice helps players avoid overspending and ensures that they can continue to enjoy their gaming experience without financial strain. Effective Bankroll Management also includes determining the size of your bets based on your total bankroll. A common guideline is to wager only a small percentage of your total funds on each bet, which helps protect your bankroll from significant losses and allows for longer playtime.