Live Dealer Blackjack Money Management Skills

Blackjack, whether played at a physical casino or a live online casino, is undeniably one of the most cherished games around. Some opt for it due to its favourable payouts, while others relish the engaging gameplay and the thrill of competing against other players.

However, one constant throughout your gaming journey is money management. Neglecting this crucial aspect of your gameplay will likely lead to you quitting altogether. So, settle in and arm yourself with some essential blackjack money management tips.

Rule #1: Set Your Bankroll Limits

While this might seem like common sense, many surprisingly overlook it. To be a successful blackjack player in Ireland, you must establish a set limit and strictly adhere to it. Avoid the trap of saying, "Just one more hand." You've probably heard the cautionary tales of players who were hundreds of euro up in an instant, only to lose it all faster than they won it. So, whether you're on a winning or losing streak, never go beyond your defined bankroll limit.

Rule #2: How Long Should You Play?

Time is of the essence whether you’re playing blackjack, poker, or any other live casino game. According to multiple research, the average time spent playing by most punters is 90 minutes. Here is the thing: casinos know that sticking around beyond the average playing time can alter your attention and result in significant losses. They always try to keep you playing for longer with features such as blackjack insurance. But this isn’t to say that you should stop in the middle of a hot winning streak. Just set the alarm or wear a watch to know when to quit.

Rule 3. Choose the Table Wisely

Every blackjack table (online or land-based) comes with a minimum amount a player can bet. In that case, it’s vital to choose a table that corresponds with your bankroll. Otherwise, your chances of winning anything, in the long run, are decreased. For example, if the betting table has a minimum bet of $5 and a player comes with a $200 bankroll, it means they’ll lose their bankroll quickly after 40 rounds. Experts recommend that your bankroll be at least 100x bigger than the minimum bet.

Rule #4. Use the House Edge Cunningly

The beauty of playing blackjack using basic strategies is that the house edge is significantly reduced. Yet, this isn’t powerful enough to beat the inbuilt casino advantage. Even with the perfect plan, the house advantage is sure to dent your bankroll in the long run.

So, suppose you sit on a table with a 0.36% house edge. You’ll have to multiply the house edge by the average bet size and hands per hour. Assuming you usually bet an average of $30 per hand. That will translate to around 80 hands per hour. Therefore, your long-term hourly loss will be $8.64 (0.36 x 30 x 80)/100. To arrive at these figures, get enough experience and use the house edge to calculate your losses per hour.

Rule #5. What About Online Casino Software?

As you may already know, multiple software developers power different online live casinos. Therefore, ensure that you can play numerous blackjack games from varying suppliers. And yes, this includes live dealer variants mostly supplied by Evolution Gaming. Don’t be compelled to play just a “handful” of games. If possible, look out for localized alternatives (i.e., blackjack Canada).

Closing Thoughts

Are you finally ready to begin playing blackjack? Hope so! As you can see, blackjack is mostly about skill and money management. Just guard your funds carefully, apply a little bit of strategy, and you’re on course to becoming a pro blackjack player. And don’t forget to have fun.