Much has been written about managing your blackjack bankroll, from the use of systems to simple little tricks you can do to avoid blowing next month’s rent.
But instead of trying to remember the specifics of systems or a hundred annoying little tricks, you should focus on these three tips to conserve your blackjack bankroll.
Tip #1: Use a Strategy Chart
Using proper strategy is the absolute best blackjack money management tip you can know. If your knowledge of blackjack strategy is sketchy, you should use a chart to tell you what to do in each situation. For instance, a blackjack chart will tell you to stand if you’re holding a 16 and the dealer has a 6.
If you’re playing online blackjack, you can easily find a strategy chart on the internet and use it while playing. Things are a little different in land-based casinos since bringing a chart to the table isn’t exactly the coolest thing to do.
But if you don’t know much blackjack strategy, you should definitely bring a chart to the table until you’ve got it down.
And don’t worry about a casino pit boss coming by and ripping the chart out of your hands like it’s a high school cheat sheet because blackjack charts are perfectly legal.
Tip #2: Bring a Large Bankroll to the Table
Contrary to what some people say, you are actually better off bringing a large bankroll to the table.
Blackjack involves lots of variances so you could lose several bets in a row, and then win several wagers in a row. This being said, you need to have enough cash to withstand the downswings and get back on the winning track.
Putting this in terms of numbers, you should have at least 30-40 times the amount you’ll be betting in your bankroll. So if you bet $5 a hand, you should have $150 in your bankroll.
Tip #3: Know when to Quit
Just the title of this tip alone sounds generic and cheesy. However, it’s very important that you know when to walk away either during a winning or losing session.
So if you’re up on the casino by 20 bets, you should put away 10 of those bets to ensure a profit. You can continue playing with the other 10 bets, but once they’re gone, walk away from the table.
Likewise, if you are down 20 bets, it’s time to pack up and go do something else.
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