{"id":1254,"date":"2017-09-27T09:47:42","date_gmt":"2017-09-27T09:47:42","guid":{"rendered":"https:\/\/www.planet7casino.com\/?p=1254"},"modified":"2021-08-04T16:39:00","modified_gmt":"2021-08-04T16:39:00","slug":"blackjack-money-management-tips-and-tricks","status":"publish","type":"post","link":"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/","title":{"rendered":"5 Blackjack Money Management Tips & Tricks"},"content":{"rendered":"

Everyone has his or her own theory about what it takes to be a truly successful blackjack player. Some people will tell you that it\u2019s about researching all the blackjack strategies<\/a> and treating Ed Thorp\u2019s Beat the Dealer like the gospel. Others will say it depends on how much luck you have, or even pin it down to karma. However, the truth of the matter is that the most successful blackjack players are skilled in one thing above all others \u2013 blackjack money management.<\/p>\n\n

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It doesn\u2019t matter how excellent you are at turning the cards; if you don\u2019t know how to or can\u2019t successfully manage your blackjack bankroll, then you\u2019re never going to be a successful gambler. Playing blackjack becomes a lot less fun when you blow your rent money at the table chasing losses and find yourself sleeping on your friend\u2019s couch, or worse.<\/p>\n

We\u2019re here to help you stay smart about your gambling money management. Follow these tips and we guarantee you\u2019ll experience more success and, more importantly, more fun and peace of mind while you play online blackjack<\/a>.<\/p>\n

1. Set monetary limits<\/h2>\n

Rule number one of blackjack money management seems like common sense, but you\u2019d be surprised how many people neglect to follow this one when they\u2019re playing. The best way to keep a hold of your money is to set limits on it. Know how much you can afford to lose and stick to it. No excuses. Don\u2019t say, \u201cOne more hand,\u201d \u2013 walk away. This rule doesn\u2019t only apply to losses, either. You should set a limit for winnings as well.<\/p>\n

\"bankroll<\/a>Seems like a counter intuitive thing to do, but setting a winnings limit will most likely save you some serious headaches. Too many blackjack players can tell you the sob story of the time they were up by hundreds or even thousands of dollars, only to lose it all quicker than they earned it. It\u2019s hard to walk away when you\u2019re on a winning streak, but if you don\u2019t it will almost always end badly. Get out while you\u2019re ahead. You\u2019ll look (and feel) more badass walking away a winner, anyway.<\/p>\n

It comes down to this: don\u2019t listen to your hurt pride or indulge your ego. If you hit your losses limit, don\u2019t think you can win it all back. If you hit your winnings limit, don\u2019t convince yourself that you can win more. In both cases, walk away and you\u2019ll be more successful in the long run.<\/p>\n

2. Watch the clock<\/h2>\n

\"blackjack<\/a>If setting a limit on your money sounds like more of a hassle than you want to deal with, try setting a limit on how much playing time you have. It\u2019s mathematical fact (probably) that the more time you spend playing, the more money you\u2019re likely to lose. Setting a time limit can help you keep your spending low without keeping track of every penny that goes into your casino bankroll.<\/p>\n

However, take into consideration that your time limit should be based on how fast you play and how much money you typically spend per bet. For example, how does playing three hours of blackjack at $1 per bet compare to one hour of play at $10 a bet? It all depends on how fast you play and how much you bet. If you go significantly faster in your $1 game, you could be looking at the same amount of money or even more in three hours as you would in a slow hour of $10 blackjack. Try playing on practice mode to get a feel for how fast you play and adjust your time limit according to your speed.<\/p>\n

Your time limit could extend to the number of days you play a week or a month, as well. You could play every other Saturday for three hours total, or Tuesdays and Thursdays for one hour. Just remember to stick to your time limit and adjust it to fit your speed and the amount you bet per hand for proper blackjack money management.<\/p>\n

3. Deposit wisely<\/h2>\n

So, you\u2019re too lazy or stubborn to set a monetary limit or a time limit and are looking for something easier. If this is the case, use your deposits in your casino bankroll to limit yourself. In short terms, deposit only what you can afford to lose. This will set an obvious and unavoidable limit on the amount of money you can spend playing blackjack in the casino. Check our ultimate guide to casino bankroll tips<\/a>.<\/p>\n

Be realistic \u2013 if you know you\u2019re the type to say, \u201cJust one more,\u201d then deposit a little less than what you can afford to lose. This gives you the opportunity to top off with one or two more deposits without going over, but also gives you the chance to learn discipline and know when to stop. If you know you\u2019re rock solid in your convictions, deposit 100% of what you can afford to lose and don\u2019t make another deposit once the first one is gone.<\/p>\n

The most important part of this gambling money management tip \u2013 once the amount you deposited is gone, do not make another deposit until you have money you can afford to lose again. Don\u2019t try to convince yourself that you can put in your rent money and figure it out later. It doesn\u2019t work and it leaves you even deeper in the red. Walk away, pay your rent, make more money at your day job, and come back when you\u2019ve got something to spare. You\u2019ll thank yourself later.<\/p>\n

4. There\u2019s always an app<\/h2>\n

\"blackjack<\/a>It\u2019s true \u2013 today, there\u2019s an app for everything, and blackjack money management is no exception. There are plenty of apps that allow you to compartmentalize your finances into neat, nifty little boxes that make managing money easy as pie. You can check out your spending history, make different budgets, and set goals for big purchases.<\/p>\n

The best part about budgeting apps is their ability to alert you when you\u2019re getting close to a spending limit. If you create a budget for blackjack expenditures on your budgeting app and it senses you creeping toward the limit, it can alert you with an email, a text alert, a mobile notification, or all of the above if you really need it. In addition, you can keep track of the rest of your finances in one place.<\/p>\n

Budgeting apps like Mint or Spendee are great for keeping all your money in check, including the money you spend at the blackjack table. Both of these apps are compatible with Apple and Android devices, so you can successfully manage your money from anywhere. Just remember to put your phone on vibrate on the casino floor.<\/p>\n

For a more detailed look at budget management apps, check out our article 7 Fantastic bankroll management tools.<\/a><\/p>\n

5. Don\u2019t lower your inhibitions<\/h2>\n

Any gambling regular will tell you it\u2019s true. You cannot be a successful blackjack player if you get drunk at the table. Having a cocktail or two won\u2019t ruin your game (unless you\u2019re a lightweight), but anything beyond that is an invitation for you to make some serious mistakes. Those mistakes could cost you in your gameplay and in your blackjack money management.<\/p>\n

\"blackjack<\/a>It\u2019s a fact of life that people tend to make poor choices when they\u2019re inebriated. You\u2019re doing yourself and your casino bankroll a disservice if you decide to get drunk and start making mistakes at the table. Not only will you most likely lose money on the hands you\u2019re dealt, you\u2019re also more likely to spend more money than you want to. It doesn\u2019t matter if you\u2019re sitting at a green felt table on the casino floor or on your living room couch at home \u2013 getting drunk will not be good for your bankroll.<\/p>\n

Stay away from the booze and you\u2019ll be more likely to stick to your budget. After you\u2019re done playing blackjack, use that money you saved to buy yourself and someone good looking a casino drink. You\u2019re more likely to get lucky that way than you would by getting drunk at the blackjack table.<\/p>\n

Blackjack money management tips summarized:<\/h2>\n
    \n
  1. Set monetary limits<\/li>\n
  2. Watch the clock<\/li>\n
  3. Deposit wisely<\/li>\n
  4. There\u2019s always an app<\/li>\n
  5. Don\u2019t lower your inhibitions<\/li>\n<\/ol>\n

    The most important parts of blackjack money management are self-control and discipline. Set limits, don\u2019t do anything to dull your senses, and know when it\u2019s time to walk away. If you\u2019re still in the mood to play after you\u2019ve exhausted your available funds, you can always play practice mode on Planet 7 for as long as your heart desires. You might not be bringing in any real money, but hey \u2013 you sure as hell won\u2019t be losing it. Log onto Planet 7 Online Casino<\/a> today for a wide selection of 21 games you can play for free instantly and put these blackjack money management theories to the test!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Follow these tips and we guarantee you\u2019ll experience more success!<\/p>\n","protected":false},"author":4,"featured_media":1264,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"yoast_head":"\n5 Blackjack Money Management Tips & Tricks | Escape Magazine<\/title>\n<meta name=\"description\" content=\"Follow these blackjack money management tips and we guarantee you\u2019ll experience more success and, more importantly, more fun while you play blackjack!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 Blackjack Money Management Tips & Tricks\" \/>\n<meta property=\"og:description\" content=\"Follow these blackjack money management tips and we guarantee you\u2019ll experience more success and, more importantly, more fun while you play blackjack!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/\" \/>\n<meta property=\"og:site_name\" content=\"Planet 7 Casino\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-27T09:47:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-04T16:39:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.planet7casino.com\/wp-content\/uploads\/2017\/09\/lots-of-casino-chips-and-bank-notes-on-a-blackjack-table.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1420\" \/>\n\t<meta property=\"og:image:height\" content=\"450\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Frank West\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@planet7_casino\" \/>\n<meta name=\"twitter:site\" content=\"@planet7_casino\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Frank West\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/\",\"url\":\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/\",\"name\":\"5 Blackjack Money Management Tips & Tricks | Escape Magazine\",\"isPartOf\":{\"@id\":\"https:\/\/www.planet7casino.com\/#website\"},\"datePublished\":\"2017-09-27T09:47:42+00:00\",\"dateModified\":\"2021-08-04T16:39:00+00:00\",\"author\":{\"@id\":\"https:\/\/www.planet7casino.com\/#\/schema\/person\/0102ddf10cd1fa9ca2dd9b8f15f8423c\"},\"description\":\"Follow these blackjack money management tips and we guarantee you\u2019ll experience more success and, more importantly, more fun while you play blackjack!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.planet7casino.com\/planet-strategy\/blackjack-money-management-tips-and-tricks\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.planet7casino.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 Blackjack Money Management Tips & Tricks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.planet7casino.com\/#website\",\"url\":\"https:\/\/www.planet7casino.com\/\",\"name\":\"Planet 7 Casino\",\"description\":\"Planet 7 Casino\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.planet7casino.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.planet7casino.com\/#\/schema\/person\/0102ddf10cd1fa9ca2dd9b8f15f8423c\",\"name\":\"Frank West\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.planet7casino.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b3253f1d9da8d7b95874588db99eb8c9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b3253f1d9da8d7b95874588db99eb8c9?s=96&d=mm&r=g\",\"caption\":\"Frank West\"},\"description\":\"Frank West is a bit of an itinerant gambler. 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