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Managing Your Bankroll in Blackjack

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There can be wild winning and losing streaks when playing blackjack, so it is important to understand how to manage your money while you are playing. You need to plan ahead so that you will already have made decisions about when it is time to quit and how you will bet. With these decisions already in place, all you have to do is stick to your plan.

Before you start playing, make sure you have a large enough bankroll to cover any streaks. A typical bankroll should be about 40 times the amount you normally bet at one time. If you bet $5 at a time, you will need about $200. If you are short, it is better to lower the amount of your bets than to take less money and hope it will be enough.

Of course, as with any other type of gambling, you should only bet what you can afford to lose. That doesn’t mean you should just make sure you have enough left to cover the bare necessities either. If you are going to be emotionally upset about losing $100, then it is too much. If you can lose $1000 without giving it a second thought, and have enough money to pay your bills and maintain the lifestyle you want, then that’s not too much. The amount that you can afford is something that only you can determine.

Your goal should be to double your money. If you do that, you’ve done well. If the table seems to have a lot of ups and downs, just be happy to leave when you’re ahead.

Whatever you do, never bet more than you have decided on ahead of time. Make these decisions when you are calm and rational, not when you are surrounded by bright lights and have too much adrenaline coursing through your system. If possible, take only the money you plan to spend with you to the casino. Learn to keep your bankroll under control, and you are much more likely to come out a winner.

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Sarah Harrigan has been involved as a player and researcher on online casinos and online gambling since 1996. She has created this site as a safe haven for all gamblers, new and old. With over 2500 online casinos to choose from, the majority being unreputable she felt compelled to use her experience as a player to give back in terms of online gambling tips and strategies. Because of her research background you will find her reviews very honest and refreshing and we hope you will find this site very useful.
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