Blackjack can be one of the most expensive casino games. It is very easy to go on an all-out high stakes betting spree and empty your bank balance out in blackjack. It is addictive and if played without any control on the mind or the body, you can see yourself making rash and emotional decisions that later make you regret when you check your wallet.
According to 9winz, an online live casino famous for its blackjack game, blackjack can be the most addictive and financially draining sport unless and until you know proper money management. Money management is essential if you are planning to play blackjack or else you can lose big time.
Every pro blackjack player will tell you to learn proper money management along with the basic rules of blackjack – that’s how important it is. Once you have an intermediate grasp of how blackjack casino finance works, you will develop good playing habits that will help you flourish as a blackjack player.
To help you with that, in this article we will list several tips and tricks for playing blackjack online. Following these tricks will help you save money that otherwise would have been lost in the wrong hands. Read this article till the end so that you don’t miss out on crucial details.
Set a budget and adhere to it
A budget, or a bankroll in casino terms, defines the amount of money you are planning on spending in the casino. As a golden rule of thumb while playing casino – never ever play with money that you can’t afford to lose. This rule is primarily used in the investing world but is applicable here as well.
If you have lost consecutive bets back to back and wish to get your money back but don’t have any money to bet on, then don’t pull out your credit card and start transacting money on your credit debt. Doing this might lead you to lose the rest of the money and also put you in considerable debt which will cost you later.
Always, and we can’t stress this enough, set out a budget before you even start playing, and don’t go overboard with it by any chance. You might think it as a bad idea to not recover the amount of money you lost but in reality, you are only risking more capital than what you have already lost which is never a good thing when you are playing blackjack or any casino game.
Learn all the rules
The silliest way blackjack amateurs lose money is by not learning all the rules and going headfirst into the game and ending up losing all their money with bad bets. Blackjack is not an easy game to understand and not at all easy to master. Players have spent their entire lives trying to master Blackjack and only a few have achieved in doing so.
That is why it is crucial that you know exactly what you are doing on every step of the way when you are playing blackjack and the only way to do so is by learning all the rules. Having an adequate understanding of what the blackjack rules are, will tell you exactly what move to pull off during a game which can help you avoid losses and get you some money of your own.
Stay aware of your betting positions
Always be engaged in the game and be mindful of your betting positions and hand. One bad move and you can end up losing all the money that you tried so hard to win. Always be extremely aware of the betting position you are in right now. If you have a good chance of doubling a bet, then take it.
Blackjack is not a game of winning, it is a game of taking risks and hoping that they fall under your expected outcome. Similarly, you should also know when to flip and back out of a game even if it means losing the pot. Sticking around even when you have a bad hand and are getting consecutive losses will only end up with you losing more drastically than before.
Utilize rewards and bonuses
Nowadays, online live casinos have started becoming more popular than real-life casinos and the reason behind that is extremely simple – online live casinos offer sign-up bonuses and regular rewards that are too hard to pass up on. These rewards can give you the financial boost you need especially as a new player and help you play games with more capital to gamble with.
These rewards are also essential because they offer a great learning chance to a player to understand how money management works, especially in blackjack. Whenever you get these rewards and bonuses, you should utilize them in the wisest manner and gamble carefully. Getting carried away because of the fact that the money is not your own will lead you nowhere.
Having a ‘spend-it-as-you-get-it’ mentality will only lead you to huge financial losses. These rewards will teach you how to utilize money in a proper blackjack game and not get carried away from your standard play because of the extra funds.
Know when to stop playing
Sometimes you go to a casino, join a blackjack game, win the first two or three times and start thinking that you are lucky, then lose consecutively for 4-5 times without a break but still don’t stop playing because you haven’t gotten your lost money back – we know, we’ve been all there.
Blackjack can be extremely addictive at times, especially after you win a lot of times. However, it’s important to know when you should stop playing blackjack or otherwise whatever winnings you win might go to waste and whatever losses you have incurred will only put you in a deeper financial hole.
When you feel heady and uncontrollable while playing blackjack, regain your senses and get a hold of yourself. Trying to win more or trying to get your lost money back are two of the biggest myths in blackjack which only empties your pockets but fills those that control the casino, which is why you should always know when to stop playing blackjack.
There are several tips while playing blackjack online that can help you manage your money and not spend excessive amounts on bets. We hope this article provided insights on some of these tips and if it did, please consider following our website for regular updates as it will help us out immensely.