Your blackjack bankroll is the money that you set aside from your regular budget to play blackjack. For some players this is the amount of money that they can afford to lose playing blackjack, for other players, more serious players, it’s the amount of money they plan to use to build a fierce blackjack bankroll.
Hopefully you’re in group two, if by chance you came to this site thinking that the house always wins, and you did indeed intend to ‘limit your losses’ we invite you to take a look around, you might just find the skills here to build your own strategy for becoming a winning blackjack player.
Blackjack Bankrolls – Table Budget
You should never gamble with more money than you can afford to lose, no matter how good you are at the game, or how much the odds are in your favor, that being said, the first decision a blackjack player needs to make is how much cash to bring to the blackjack table.
If you do not plan ahead, one bad run can bust you, and then you have no stake in the game at all, however, with a bit of planning and bankroll management you’re putting yourself in a strong position to build a large blackjack bankroll over time.
As a general rule of thumb, you want to be don’t want to play with more than 1/20th of your bankroll, while establishing a bankroll however, you may find yourself playing with 1/10th of your roll. Sitting down with anymore than that amount is just setting yourself up for eventual failure.
Once you’ve figured how much you have to initially set aside for blackjack play, and have some idea what one tenth, and one twentieth of that number is, you can begin to consider the stakes you would like to play.
If you’re playing at a live land based casino, each table displays a placard telling players what the table minimum and maximum bets are. No suffice it to say, if you are bringing $100 to the table, you don’t want to sit at a table with a $100 minimum bet.
The size of your bankroll should have a large effect on the table stakes that you choose. A good rule of thumb to go by when choosing the appropriate table for your bankroll is 20 wagers. You want to bring enough cash with you to consecutively lose 20 bets. That means if your bankroll is $2000.00 in total, you want to bring no more than $100.00 with you to the blackjack tables per sitting, and you want to sit at a table with $5 minimum bets or less.
Paying the Bills and Growing the Bankroll
When you walk away from a blackjack table with a win, aside from your original buyin, you need to decide on a percentage of that win that will become your income, or profits from the game, and a percentage that will further fund and increase your bankroll, giving you a buffer against losing sessions and ultimately allowing you to steadily increase the amount of your bankroll, and therefore the stakes at which you can play.
A simple bankroll strategy here would be to take 50% of your wins as profit, and add 50% of the win back into your bankroll (your win is defined as the amount over and above your original buyin that leaves the table with you.)
Getting up When you’re Going Down
The only thing left to know before you set off to begin building a solid blackjack bankroll is when to get up from the table. Blackjack isn’t an emotional game, it’s a mathematical game, and that’s the most important thing for a blackjack player to remember.
If the math plays a trick on you, and you lose where you’re sure you should have won, that can’t effect the next hand. Have you ever heard of a poker player being ‘on tilt’? Well in blackjack the term for tilting is steaming. When a player reacts to a loss, or loosing many hands in a row, the player is steaming.
If you are serious about building a bankroll, the minute your emotions start getting involved with your blackjack game, it’s time to call it a day, or at least break for dinner.
Losses cannot be made up. A loss is a loss, and a win that follows that loss is a win that has nothing to do with the previous loss. Players that take losses personally, and try to make up the money they’ve lost by betting more and making looser decisions tend to become losing players in the blink of an eye.