Blackjack Tips – Money Management

May 8th, 2010 by admin Leave a reply »

It is important that you use solid money management when playing Blackjack. If you do so you will still be able to ride out a streak of losing hands. If you use proper Blackjack money management you will not win every hand but you can lower the house edge and put yourself in a better situation to win.

Two mistakes that players often make are not having a big enough bankroll for the table they are playing at and over betting. Your Blackjack bankroll has to be big enough to withstand cold streaks. Hey, it is gambling and you will run into cold streaks. Make sure you have enough dough to ride out the streak until you start winning again. Remember never to hedge your bets, but we will touch on that later.

If you over-bet you will win more if you are winning but you will also lose more when you are losing. If you hit a cold streak you can lose all of your money pretty quick. To keep from over-betting a good idea is for you to have 30 bets every time you sit down at the table. For example, if you are playing on a $10 table you should have $300. You should also bet within your means, which is basically saying you should not be playing at $10 tables if your bankroll is only $50.

You have to have some discipline when you play Blackjack, as you need to know when to get up and quit playing. A winning player knows when to get up and many times they will do so after modest winnings. But, they did leave the table with more then they came with, which is always a good thing. To be a winning Blackjack player you have to know how to maximize the money you win at the table and minimize the money you lose there. It may be a good time to get up from a table, or leave the online Blackjack room, when other players do not know the game and are throwing off your strategy, when you lose your cool and are too emotional, and you go away from the basic Blackjack strategy because you are losing. Playing against Blackjack players that do not know the game can be frustrating and if they are frustrating you find another table. Loosing your cool at the Blackjack table can only lead to bad decision-making. The basic Blackjack strategy will pay off in the long run, so do not deviate from it when you hit a cold streak.

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