Blackjack bankroll management stands as one of the most essential skills you’ll need to learn as an online blackjack player. You need to know how much should be in your online bankroll and how you should bet to sustain it. If you learn this, you can maximize your potential outcome while playing blackjack online.
Many blackjack players worry about learning the perfect strategy for real money online blackjack. They concentrate on what they should be doing on every deal that they receive compared to what the dealer gets.
If you don’t manage your bankroll correctly, you could find yourself losing it before you hit an online blackjack hot streak. But you also have to be careful not to play it too conservatively when you have winning opportunities in front of you.
In the following article, we’ll tell you everything you need to know about blackjack bankroll management online. We’ll explain some strategies for endowing that bankroll and controlling during game play. And we’ll also answer some of the questions that often come up for newcomers to online blackjack action.
How to Create Your Blackjack Bankroll Online
The first thing you have to do to start up a bankroll management program for your online blackjack play is to sign at one of the top US online casinos. You’ll then have to fund that account. Most people use credit cards to do that, but you might be able to find sites that allow you to form a bankroll with alternative methods like cryptocurrency.
You’ll then allot all or some of that amount for a session of online blackjack. This will allow you to make your wagers for each hand, as well as adding specialty bets like split, double, or insurance. In addition, all online blackjack winnings will collect in your bankroll.
Divvying Up Your Online Blackjack Bankroll
When you play blackjack online for real money, the cash that you use for your bankroll is broken up into chips. You won’t have any physical chips when playing blackjack online. But the principle is the same.
Most online blackjack games will give you a minimum and maximum wager amount. They’ll also let you bet in certain increments, like a dollar.
As a result, you can change the size of your wager as you play. You’ll be able to see on screen how much money you have remaining.
How to Manage Your Online Blackjack Bankroll
The key to understanding blackjack online bankroll management is to decide on what you want out of the game. That will ultimately determine your strategy for your blackjack bankroll, which might be totally different from what another gambler does.
You should ask yourself some questions before you start to play.
- How much are you hoping to win playing blackjack online?
- How long are you hoping to play?
- How much are you ok with losing from your blackjack bankroll?
Once you’ve answered these questions, you can start to decide on an online bankroll management strategy that works best for you. But the basic theory behind bankroll management online is ensuring that the size of your bankroll and the amount you bet each hand achieves your goals.
How Much Should Be in Your Online Gambling Bankroll?
This will obviously depend on what kind of gambling budget you have. No matter what form of gambling you’re doing, you shouldn’t put more at stake than you can afford. You should also base your initial blackjack bankroll online on what you’re hoping to win and whether or not you’re all right with losing it all.
The chance that you might lose everything from your bankroll is known as risk of ruin. You’ll have to decide how much of that risk you want to assume when playing real money blackjack online.
The good news is that online blackjack is a game with relatively little variance. By that, we mean that your bankroll for online blackjack, on average, won’t rise too high or too low from its initial amount, at least compared to other games.
How Much Should You Bet Playing Blackjack Online?
You can do some simple math to help you in this endeavor. Imagine that you have a $1,000 online blackjack bankroll and want to bet $5 per hand. Simple division should tell you that you could bet on at least 200 hands of blackjack ($1,000 divided by 5).
But remember that blackjack games online can also involve doubling and splitting, each of which requires to you bet twice as much on a single hand as usual. Blackjack insurance bets can also raise your online betting requirement. Meanwhile, surrender bets in online blackjack can lessen your bet on a hand.
It’s a good idea to do that basic division to give yourself an absolute baseline. Remember that you’ll be winning online blackjack hands as well, which means that your risk of ruin should extend well beyond 200 hands.
Obviously, the more you bet, the more you can win playing online blackjack. But raising the size of your bet also raises your variance level, which ups your risk of ruin. You just have to decide where you stand with all of those options before you begin online blackjack play.
Online Blackjack Bankroll Management Tips
Know What You Can Afford to Lose
It’s Gambling 101, but many people ignore it. You should go into any session of online blackjack with a set amount that is the maximum you’re willing to lose. Once you’ve lost that amount, you should stop playing.
Too many amateur gamblers fall for the fallacy that their luck is about to change. In reality, the odds you have of winning any specific hand of online blackjack never really changes. Good online blackjack strategy can help you to a certain extent. After that, the luck of the draw is the driving force between winning or losing.
Don’t make the mistake of continually going back for more of your overall gambling account money once you’ve lost your initial stash. That’s a sure path to financial disaster.
Putting in a Stop for Online Blackjack Winnings
When you get on a hot streak while playing blackjack online for money, it can be tempting to ride it out for as long as possible. If you do that, however, you run the risk of losing all the gains that you earned. In many ways, that can be just as frustrating as losing everything.
To prevent from this, begin play with a self-imposed stop in mind for online blackjack.
When you reach that point, you could stop play and put that $50 back in your overall account before returning to play with the original $100. Or you can quit completely and be satisfied with your online casino winnings. It’s a good way to ensure your online blackjack profit is protected.
Raising and Lowering Bets Based on Card Counting
For those who are unaware, online blackjack card counting and casino card counting is an advanced blackjack strategy used by expert players to give themselves an edge. The theory behind card counting is that the edge in blackjack goes back and forth between player and dealer depending on what cards have been played. If you can keep track of the cards that have been played, you should know when to bet more or less than your standard bet.
But online blackjack makes card counting very difficult. In games when the dealer is automatic, there’s no edge to card counting. That’s because the decks being used are reshuffled after every hand.
If you can find an online blackjack live dealer game, you might gain some benefit from card counting online. But even in this case, shuffling takes place much more frequently than if you were playing in a casino. Any edge that you get from online blackjack card counting would be minimal.
Questions About Managing Your Online Blackjack Bankroll
Should I Bet More When I’m on a Hot Streak?
You can bet more if your bankroll has increased, thanks to a hot streak, to the point that you can stretch it a little bit more. Just don’t do it because you believe in a run of luck continuing. Remember that the chances of winning or losing any individual hand never change in online blackjack and have nothing to do with hands that have already been played.
What Online Blackjack Minimum Bet Is Right for Me?
Try to find one where, if you lose a hand, it doesn’t make you cringe. Playing blackjack games online for real money should be a fun activity. But if every hand is agony to you because you’re afraid to lose, it probably won’t be much fun at all.
Should I Replenish My Blackjack Bankroll Online If I Lose It All?
If you find that you’re constantly putting money back into your online blackjack bankroll to try and make up for past losses, you’re probably making a mistake. Think about your overall budget and convince yourself that you won’t deviate from it. Only change your plans if something happens to change your budget.
Manage Your Online Blackjack Bankroll
We hope this article helps you in the future with your blackjack bankroll management online. Knowing how to manage your blackjack bets online and your bankroll can make a big difference on your overall outcome playing the game.