21 Bankroll Management

One of the most important things in most gambling games including 21, poker and many other games is bankroll management. Players need to be able to use bankroll management techniques in order to not go broke when sitting down at the blackjack tables. If you don’t know how to manage your bankroll then you’ll generally lose your money a lot faster then someone who does know a little something about managing their bankroll.

One of the first things you need to learn is that you need a big enough bankroll for the table you’re playing on. If you have a $100 bankroll then you definitely shouldn’t be playing on a table where the minimum bet is $15. The reason you can’t do this is simple and is because if you do then you’ll find that once you hit a bad deck you’ll go broke. It’s recommended that you always have at least 30 times the size of your bet in your bankroll. So if you have $150 in your bankroll then you should be playing on a blackjack table where you’re allowed to bet $5.

If you start winning then you should always keep the same unit when betting and never increase the amount you’re betting because often you’ll lose your profits. The only reason you should raise the amount units you bet on any given hand in blackjack when you’re winning hands is if you’re counting cards and you have a stacked deck. Make sure that you don’t make the increase in your bet size obvious though, or else you might find yourself getting kicked out of the casino for counting cards. When you’re losing hands one strategy some players will employ is to double their bet until they make back their original bet plus one unit of profit. This is a good strategy in blackjack because you normally won’t lose more then 5-10 hands in a row. The only problem is most of us don’t have the bankroll abilities to pull off this strategy.

If you have $150 in your bankroll and you’re on a $5 table it would cost you $10 the second hand if you lose the first one and it keeps doubling up. If you made it to the fifth hand without winning a hand then it would cost you $80 to chase your losses. As you can see that would be over half your bankroll already committed and if you didn’t win this hand then you wouldn’t even have enough money to chase your losses anymore. This is why this strategy only works when you have a very large bankroll that can back you up on losing streaks.

You should also make sure that you’re always betting with money that you can lose and that you don’t need for rent, food or bills. Often people will bet online or in casinos with money they can’t really afford to lose and this is the last thing you want to start involving yourself with. Blackjack is a game for entertainment before anything and if you win money then it’s just a bonus so make sure you treat it that way and not like a way to make money, because in gambling there is no guarantee of anything.

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