It’s midnight and you’re having a blast at the blackjack table. So far you’ve won $5,000 and you couldn’t be happier. The cocktail waitresses keep bringing the free drinks and you happily accept. Your night couldn’t get any better. Fast forward to 3:00 a.m. You’re a little drunk and you mutter to yourself as you walk away from the blackjack table with only $100 left in winnings.
It happens more often than you can imagine in both brick and mortar and online casinos. Blackjack is a game of skill, but there is also a high element of chance, with the outcome depending in part on which cards are randomly dealt. Because of that, it can be a rather streaky game. When you’re on a hot streak, you can win a lot of money. However, if you’re on a cold streak, you can easily lose it all. So when should you walk away from the table?
That is something only you can decide and it pretty much has to be taken on a case by case basis. Some people play until they feel their hot streak has ended. Those people will keep playing until they get on a hot streak that makes them some good money. Once they start losing that money little by little, though, they feel it’s time to walk away because the streak is over. The good thing about this strategy is that you would still have most of your winnings left. The bad thing is you never know if you were about to start another hot streak.
Some people plan ahead and have a set amount of money they want to make that night. Once they reach that amount, if they do, they walk away happily, regardless of whether or not they are on a streak. The downside of this philosophy is that if you set your goal too high you might never reach it and if you set it too low you may leave the table when there was more money for you to win. The good thing about this idea is that it is structured and disciplined.
Another thing that some players, including myself, do is to set aside a certain amount of money to gamble before you ever enter the casino. Make sure it is an amount that it wouldn’t hurt you to lose. While you’re playing blackjack, wager only money from that amount that you have set aside. All winnings should be kept separate and never wagered. After all, if you don’t wager your winnings then you can’t lose them. Once your wagering money is gone or you don’t feel like playing anymore, whichever happens first, you are done playing. There may not be the same money-making potential in this strategy as when letting it ride, but you are at least guaranteed of keeping your winnings.
Whatever your philosophy for when to leave the blackjack table, the key is to have a philosophy. If you don’t have a whole lot of disposable income, like me, then my philosophy of setting aside wagering money ahead of time may be the way to go. If you have more money available to you, a less strict strategy may work and could allow you to make more money, but you’re also risking losing it.
Whatever your plan, I advise that you have a plan before you step foot into a brick and mortar casino or log onto an online casino. Having a plan ahead of time will make it a lot easier to walk away from the blackjack table at the right time. Let’s face it, the last thing you want is to quit too late.