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Blackjack Money Management: Key to Success
- January 17, 2020 By Riley Wilson -
When it comes to bankroll management, Blackjack does not differ from other casino games. No matter how good you may be at it, if you don’t handle your money well, you will not be a successful Blackjack player. In this article, we will discuss the art of Blackjack money management and how it can help you improve your game.
Setting Your Bankroll
Knowing who much you can afford to gamble is the first step you should make. It is not negotiable as if you fail at it, and gamble more than you can afford, you will not be able to relax and enjoy the gameplay to the fullest. So, you should start with setting aside an amount you can afford to lose, to be precise. Although Blackjack is a game of skill like few other casino games, an element of luck is still included, and you cannot be sure that you can keep your entire bankroll or increase it.
Only you can decide how big your bankroll will be. That means that you should not plan your budget according to the table limits. On the contrary, you should choose a table based on your bankroll. Study betting options and calculate which one is the most suitable for you. You should choose a bet value that allows you to play as many rounds as possible. When setting your bankroll, consider your monthly expenses and again, never use the money you need for your everyday needs like rent or groceries to play any casino game including Blackjack.
Setting Your Stake
Now that you have set your bankroll, your next decision should be how much you will wager per round. We recommend starting at lower bets and build your bankroll slowly but surely. There is no need for risking large amounts of money on a single round. Although some advertise progression betting systems as effective, we would suggest you forget about them and increase your bet only when you feel you are ready to do it.
If you are new to Blackjack, no matter how much money you can afford to risk, keep your stakes low until you master the game. You should always bear in mind that Blackjack is a game where each move you make can affect the outcome of a round. When keeping your stakes low, you will be able to practice the game with little risk involved. It is a perfect way to learn the basic strategy so that you can apply it once you increase your stakes. A rule of thumb would be to set your stake at a value that allows you to play at least 50 rounds of the game.
Other Tips and Trick that Can Help You
Regardless of your bankroll, you should always play Blackjack at reputable online casinos that hold a valid licence issued by trustworthy authorities. Not only that they offer fair games, but at the same time, they are obliged to prevent the player’s risky behaviour. That means that a good operator will warn you if you try to gamble all that you have won immediately.
Needless to say, but you should not play any Blackjack variant you are not familiar with. Before you start wagering real money on the game you like, make sure to study its rules and learn the basic strategy for it. You can benefit from the low house edge only when you play the recommended moves.
Most Blackjack games offer attractive side bets. They can earn you higher payouts, yet they come with a higher house margin. If you like to take risks, you can play them from time to time, but only if doing so, don’t pose a danger to your bankroll. There is one side bet you should avoid at all costs, though. It is Insurance, which turns out to be one of the worst casino bets.
Always choose to play low house edge Blackjack variants. Of course, start wagering real money on the game to your liking once you have learned the basic strategy for it to keep the house edge as low as possible.
Click here to visit the best online casinos offering Blackjack and start practising proper money management!