Today we are going to talk a little bit about using how to handle your wins and losses in regards to your blackjack bankroll. What do you do with your winnings once you get them?
I know your first response is to keep them, but stop and think for a moment. Do you really pocket your winnings? Most blackjack players do not. In fact, most casino patrons do not. They will turn around and immediately reinvest their winning in their bankroll.
And there is nothing wrong with this. However, it is counterproductive to making a profit in blackjack.
Let’s say you convert $100 into chips. You are also playing blackjack according to basic strategy. So under that strategy you should only lose on average $5 in an hour, give or take a bit. So you would think you’re then down to $95. But because you put your winnings back into your bankroll, you’re back at $100 if not higher.
The problem with this is that it puts you in the position to lose your winnings. If you are losing 5% per hour, having a bankroll of more than $100 means that you will then be losing more than $5 per hour.
The smartest course of action in regards to your bankroll when you are playing blackjack is to keep your winnings separate from your bankroll. This means that when you are paid your winnings, you pocket them or set them in a separate pile from your bankroll. This way at the end of the night you still have something to cash in. And in the worst case scenario, say you did lose all of your bankroll, you would still have something to show from your blackjack playing.
Blackjack is an old casino game. It can be traced back to France in the 1700’s. That is not to say that it is French—after all there is Spanish 21, which is a very similar card game with obvious Spanish roots—but the 1700’s was the first record of blackjack in a casino.
Anyway. Times have changed and players are no longer limited to playing blackjack in a brick and mortar casino. Instead they can stay at home and play from their home computer. Or from their office at work if they feel risqué enough to do so.
And while online blackjack has many similarities with blackjack played in a brick and mortar casino, the two are not identical.
One, the feeling of being just you and the dealer is emphasized in that you are the only player at the virtual table. This is not like some online poker rooms in which you will be playing with a few real people from somewhere on this planet. Online blackjack is just you and the game.
Two, some types of blackjack strategy cannot be used in online blackjack. Namely card counting. Card counting requires cards to be discarded. This does not happen in online blackjack thanks to the RNG, which pulls cards and starting hands from all possibilities, creating in effect no discards.
But there are some other differences.
Three, you do not have to worry about whether you are playing at the right table with a minimum wager you are comfortable with. Online blackjack starts at $1 and most will go up to $200 per table. But the player is the one who choose how much he wagers within that range. So if you only want to wager $1 per hand, you go right ahead.
Four, you do not have to feel like you are on the spot or judged by other players that you are making the wrong play. Online blackjack can make you feel more confident in your playing without the pressure of other players telling you how to play your hand or that you played it wrong or that you took the dealer’s bust card (which is a myth anyway).
Online blackjack comes with good things and some that are more inconvenient. But on the whole I think it is a good way to play, especially if you are new to blackjack and are just branching out into playing for real money. Playing blackjack online keeps your confidence intact while allowing new players to become accustomed to playing with real money at smaller amounts than can be typically found in a brick and mortar casino.