Blackjack Budgeting

Blackjack, like all other forms of gambling, is supposed to be a fun game. Some people, however, get caught up in the game and lose too much money. Others look at it as a way to make money. You shouldn’t do either. Playing perfect strategy can lower the house edge to 0.5%, but it’s still a house edge, meaning that in the long run, the odds say that you will lose money. You should go into the game thinking that if you do lose some money, it is the price of your entertainment, in the same way that seeing a movie or visiting a theme park cost money. With that in mind, enjoying your blackjack experience and making the best decisions requires some budgeting strategy. Here are some pointers.

If you are going to play blackjack, or any other casino game for that matter, you need to create a budget ahead of time. Before you walk into a casino, you should decide how much money you are willing to spend that night and set that money aside. No matter what happens while playing, good or bad, you should not spend any money other than what you have put aside. It is common for players to lose money because they either try to spend their way out of a slump or increase their betting because they are doing well. Setting aside your betting funds ahead of time can help you avoid both of those pitfalls.

And while we’re on the subject, you should never increase your wagering to either pull yourself out of a hole or extend a good streak. Flat betting is the safer, smarter betting strategy.
Knowing when to walk away from the table is also important. If you are having a good streak and have made a lot of money, it is tempting to keep wagering that money, maybe even increasing each individual bet, in order to make more money. Usually this results in the players losing the money. A better idea is to separate your winnings from the money you have budgeted for wagering. That way, the money you win at the blackjack table is always safe. It is also a good idea to set a target win limit. That will keep your eyes from getting too big for your stomach. Set an amount of money that you want to win (be realistic) and once you reach that amount, walk away.

Proper budgeting separates a fun time playing blackjack from throwing your money away. Too often, people do the latter. All of these tips apply to brick and mortar casino as well as playing online blackjack at an online casino.

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