How to Manage Your Bankroll While Playing Live Dealer Blackjack?
Managing your bankroll is the key to longevity in live dealer blackjack games. Our experts compiled a set of bankroll management tips, dissecting the best strategies every gambler should consider before sitting down and playing live blackjack.
- Tip #1: Set a Gambling Budget to Manage Your Bankroll
- Tip #2: Know Table Minimums & Maximums
- Tip #3: Know the House Edge
- Tip #4: Use Insurance Wisely
- Tip #5: Make Use of Live Casino Bonuses
- King’s Final Advice on Bankroll Management
Tip #1: Set a Gambling Budget to Manage Your Bankroll
One of the best and often most essential things to consider when looking into online casino bankroll management is a budget. Gambling is inherently risky, so setting a budget allows you to determine how much you can afford to lose and can help you avoid losing streaks. This is personal to your financial situation and will vary between players.
Another top tip for managing your bankroll is setting a walk-away point or stop-loss limit. These measures tell you when you should walk away from significant losses. Plus, they make it easier to end your gambling session when playing blackjack at an online casino or in a real-life brick-and-mortar game. Don’t play games like blackjack with money you can’t afford to lose.
Tip #2: Know Table Minimums & Maximums
You can find live blackjack games to suit every budget online, whether you’re a high-roller or working with a modest pot size. By knowing the table limits before you play, selecting a table within your budget is advisable.
For example, you might not last very long if you have £10 to play and enter a tournament that’s £5 per hand. On the other hand, playing games with lower wagering limits will help you to stay competitive and avoid overspending your blackjack bankroll.
Tip #3: Know the House Edge
The house edge is the mathematical advantage a casino holds over players. It indicates the likelihood of the “house” winning a hand or a spin. A high house edge is less favorable than a lower one. If you want to go deep into the house edge depths, look at this article thoroughly made by our blackjack professionals.
Understanding the house edge for different blackjack hands gives you a huge advantage by allowing you to set your expectations. Always check the house edge before making any bets, and be sure you’re playing at a gambling platform that gives you a fair chance of winning.
Live Dealer Blackjack House Edge
In blackjack games, the house edge varies between hands and games. For example, you get a 0.85% house edge in face-up blackjack and a 1% in free bet games. However, the typical house edge for blackjack games is between 0.5% and 2%. This number shows you a casino’s theoretical advantage over you in a game; therefore, you can manage your money when you choose games with the best house edges.
Tip #4: Use Insurance Wisely
Avoiding insurance bets is a highly recommended strategy to decrease the likelihood of losses in your gaming experience. These bets offer a safety net by letting you win if the dealer hits a Blackjack, effectively spreading the risk. We find they are great for the risk-averse players.
However, while they might seem tempting, insurance bets often come with a cost. They have the potential to eat away at your bankroll if not used sparingly. And because they feel like a safety net, some players might fall for the trap of using them too much.
To minimize financial risks and enhance your chances of maintaining a winning streak, it’s best to use these bets sparingly. Making strategic decisions about when to take insurance can be crucial in preserving your funds and prolonging your enjoyment of the game.
Weigh the True Odds of Blackjack Insurance
The best time to use an insurance bet in blackjack is when you have a low hand. However, most of the time, insurance bets have a low probability of winning. This is particularly true over time, so it’s wise to avoid using insurance bets to increase your bankroll and play the long game.
Check our unique guide on Blackjack odds to train your skills in this game.
Tip #5: Make Use of Live Casino Bonuses
If you want to read more on the pros and cons of casino bonuses, and learn how to use promos effectively to increase your bankroll, check out our guide on increasing bankroll with bonuses. In short, they let you extend your bankroll with no additional risk besides a minimum deposit requirement, so they feature heavily in successful playing strategies.
They also let you try new games and practice your skills with free bets rather than using your funds. This is why we heavily recommend casino bonuses to new and inexperienced players. But live casino bonuses are harder to find than slots promos. Check out the best options on the UK market at the moment:
- LeoVegas Casino’s live casino bonus: Get a 100% bonus of up to £50 free spins and £6 deposit £10 or more. The 40x wagering requirement and low minimum deposit make this bonus very competitive. – see all the available offers at LeoVegas Casino.
- Betfred Casino’s live casino free chips: Deposit £10 and stake £20 to receive five bonus chips without wagering. We highly recommend bonuses with no wagering limits for anyone who wants to build their bankrolls. Don’t forget that you can check every time our article about Betfred bonuses to see what will suit your playstyle.
King’s Final Advice on Bankroll Management
Managing your bankroll is the easiest way to improve your live blackjack game and increase playing time. It helps you stay in the game longer by avoiding losses and managing risk.
Coupled with a basic strategy, this technique makes it easy to maximize your winnings and place higher in blackjack tournaments. By implementing these tips for managing your funds, you can make smarter decisions and keep playing for longer.