Blackjack: How to Manage Your Money Better

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What really makes a top blackjack player is their ability to manage their money. Never mind how well you’ve different tried strategies, how many times you’ve read Ed Thorp’s “Beat the Dealer” before bed, or how many amulets you’ve managed to bag; because unless you’re able to manage your money, you’re certain to be on a losing streak! Because there are some gamblers out there who just cannot keep a close watch over their spending.

In this article, we’re going to give you some tips about how to manage your money correctly. So if you follow these tips, you’ll be able to avoid losing control of your funds; but in addition, you’ll be able to enjoy yourself a lot better; no matter whether you play blackjack for real money online or in the casino!

Don’t Cross the Line

You’ve always been taught to remember about boundaries, no matter what you do or say; and this advice is especially true when it comes to gambling! We all know this, but as soon as we sit down at the gambling table, all the red lines recede into the background. The desire to win takes over, the borders disappear; and nothing good can ever come of this! People tend to just ride their winning streak until they go bankrupt and lose all the money they have. So the most reliable way to save your money is to set yourself some strict restrictions; in other words, a limit!

And of course, don’t forget to determine the amount of money you need to bet in order to control your funds. Before playing the game, you have to set a limit for yourself, the maximum amount of money that you can afford to lose. But the same applies if you’re going to win! Don’t be surprised: keeping control can also help you save money!

Remember that if you can win quickly, you can also lose in the blink of an eye. So the most important skill for a blackjack player is to leave on time!

Keep Track of Time

One even more effective method of keeping control of your money is a time limitation. Adjust a limit on the time you can spend at the gaming table, and then you can avoid losing any more money that you otherwise would. However, remember that your time limit should be based on how fast you play, as well as on how much money you usually spend on one bet. Try playing blackjack for real money online to test just how fast you play, then settle on a time limit, according to how fast you are. Your time limit should not depend on the number of days you play per week or month. You can play for three hours on Wednesday or for one hour every Thursday. Just remember to keep track of your playing time, and adjust it according to your speed and to the amount you intend to bet per hand, so you can make sure you’re managing your blackjack money properly. This will help you keep your expenses low.

Saving Deposit

If you can’t struggle with managing both your time and your bankroll limit, there’s a  good way out for you. By using a deposit for your casino bankroll, you can make sure you have a good lifejacket! Before the start of the game, be sure to set a limit on the bag, i.e.the maximum you can spend in one evening; and make sure you place deposits in this bag only.

The most crucial part things to remember is that when the amount you have deposited finally disappears, don’t make another deposit!

Phone Apps

Today there are a lot of apps for money management, and blackjack is no exception.

Money management apps prevent players from splashing out too much at the casino, and help them make better choices during the game. Many applications allow you to split your finances, check your spending history, create different budgets, and set some goals for larger purchases. The best thing about a money management application is their ability to warn you when you are nearing your spending limits; they can alert you by emails, text warnings or mobile notifications.

Alcohol Is Killing the Game

Many blackjack lovers have suffered because of one thing – drinking at the table! So remember that you will simply not be able to play properly if you are drunk. Alcohol takes away your ability to think seriously, dulls your senses, and can even make you go on wild spending sprees at the table. So, before you pick up a glass at the gaming table, try and have a think about past decisions you’ve made when drunk. How successful were they? But apart from this, don’t let other players drink you under the table and make you spend more money than you originally planned. Stay away from the booze, and you’ll be better able to stick to your budget. Just keep in mind that after you hit the jackpot, you’ll have a chance to treat all the other players to a drink anyway!

Self-control and discipline! Remember these two things, and you’ll never leave the blackjack table in a bad mood. Nor will you ever end up becoming a drama queen who gets angry and throws your chips at the table. Your friends will admire your willpower and your ability to manage your money properly. Remember that discipline is what separates winners from losers!