The Proper Way to Manage Your Money While Playing Blackjack
Playing Blackjack can be lots of fun, but if you don’t carefully manage your money while you are playing, the game could have some devastating effects on your life.
Determine Your Stake
It doesn’t matter if you are playing in an actual casino or if you are playing Blackjack online. The first thing you have to do is decided what your stake is going to be. Once you have settled on a stake, you need to stick to it. If you are going to a casino to play Blackjack, you should take only your stake money with you; leave all of your other money, including you credit cards, ATM card, and checkbook at home. If you are playing Blackjack online, you should make it as difficult as possible for you to get additional money; pre-paid credit cards are an excellent when you are playing Blackjack online.
Out of Town Blackjack
If you are going to an out of town casino and are planning on being there for more than one night, you need to take your stake money, and divide it up for each day you will be playing Blackjack. For example if you are going to Las Vegas for three days, you want to divide your stake into thirds. Make sure that you keep money for food and lodging separate from your Blackjack stake.
Do not tap into the money you have set aside for the next night. If you have not had good luck at the Blackjack table and have lost the money for one night, quit playing and wait until the next day to try again. Don’t assume that you luck is going to turn around, that is how people get into trouble.
Bet the Minimum
The rule of thumb when you are playing Blackjack is that you should try to keep your individual bets less than five percent of your original stake. By doing this, you will get the maximum entertainment value from your money and be able to play longer. When you place your first bet, you should stick to the minimum bid. You can gradually increase the amount of your bet each time you win, but if you are losing, stick to the minimum.
If you lose your first hand, you don’t want to double your bet. Sure if you win, you will be back where you started, but if you lose you will be out even more money.
