A couple of weeks ago I began to discuss differences between playing blackjack normally in a casino and playing blackjack in a tournament. While the biggest difference is that you are playing against other players rather than the just the dealer—that the plays they make do impact yours in a tournament—it is not the only difference.
One of the more positive differences between blackjack and tournament blackjack has to do with the monetary risk. Depending on the cost of entry into a blackjack tournament, you might actually be less at risk in terms of money in a tournament than you would at the blackjack table.
In a single night at the blackjack tables there is no limit to the amount of money that you could lose should the cards not be with you or should your strategy not work well. The limit of loss is determined by how much you tell yourself you are willing to lose and if you can stand by that limit.
In a blackjack tournament the only real money that you have put on the line is your entry fee. Tournament blackjack is played with tournament chips. Each player is given the same amount in chips for the tournament. Players can then win more chips from the dealer or lose them to the dealer. Whoever has the most chips at the end is the winner.
Based on tournament playing, it is perfectly conceivable to pay only $100 to buy into a blackjack tournament, and then win several thousand dollars. Trying to accomplish the same amount of winnings in regular blackjack play with only $100 for a blackjack bankroll would be a lot harder and would take significantly more time.
Furthermore if you lose in a blackjack tournament, you are only out the amount of your buy in. But you could possibly, or, depending on your skill, even more likely, to lose more money in regular blackjack play than in a blackjack tournament.