A good money management plan is very important for anyone that wants to win big at online blackjack. The way you manage your blackjack bankroll is so important that it can make the difference between being a winner and being a loser. Here are three tips for online blackjack money management that will give you an edge on the house.
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Limits, Limits, Limits
The first tip is the most simple to achieve, but it is also the one most neglected by online blackjack players. Setting monetary limits is a must if you want to win real money playing blackjack online. You should never sit down at the table and just wing it. Know what your limits are before the first hand of blackjack is ever dealt.
Limits are not just for losses. You should also be setting limits for wins, too. The reason for this is that it is far too easy to say, “I’ll just play one more hand.” That one hand will turn into two, then three or more. One of two things is going to happen when you have no limits on your blackjack play. You are either going to give back the profits that you have won, or you are going to lose more money that you have planned.
Having no limits when playing online blackjack just means that you will play more hands than you need to play. Creating limits and sticking to them means that you will build the discipline needed to become an excellent blackjack player.
Keep Track of Time
Another thing great online blackjack players do is keep excellent track of time when they are playing. There are no clocks in live casinos. Why is that? It’s because the casino does not want you to be conscious of how long you have been playing. They know at some point you will get up because you know you have been playing for too long.
How does this relate to online blackjack money management? Simple. If you play too long you stand to lose more money. Remember, blackjack is a game that has a built-in advantage for the house. It doesn’t matter how good you are at the game. If you stay at the table too long sooner or later you will lose. It’s simple mathematics, and you cannot beat the science behind it.
Try to set limits on your playing time, too. The great thing about playing online blackjack is that limits on playing time are not an inconvenience. You can take an hour break and come back at any hour of the day or night. It is not like playing in a live casino where walking away from the blackjack table and giving up your seat might mean not finding an empty seat when you come back for another session.
When you track how much time you are spending playing you will also be able to determine your personal win rate. You’ll be able to see how much you are winning or losing on average in an hour of play. That is important if you want to create a good online blackjack strategy.
Maximize Your Deposits
When you play blackjack online for real money you also need to find ways to maximize your deposits. This means that you should be taking advantage of all available bonus offers to the max. Many online casinos will reward you with a matching deposit bonus when you play. They will cap it at a certain amount. You should deposit the full amount if you can to max out the bonus money that you will receive.
For example, let’s say that an online casino is willing to give you a 100% matching bonus on your first deposit up to $200. You could deposit as little as $50 and claim the bonus. There is nothing wrong with that. But if you deposit the full $200 you’ll multiple your bonus cash 4X. That can make a big difference in your blackjack bankroll.
These online blackjack money management tips are very simple to put into practice at any of the online casinos that are recommended by Counting Edge. Get started with them today and we believe that your winnings will increase!