Blackjack Money Management

Everyone in gambling talks about it but it remains an obscure muddled subject. The topic is further muddled by those who confuse money management with sure-fire betting systems almost all of which lead to a precarious crossroad where more and more money is risked in the misguided hope of recovering that which is already lost.

In the long history of online casino games real money, from the earliest recorded history to the modern era, there has yet to surface a single betting system that is a proven winner. Like the medieval quest to turn lead into gold and water to wine, all attempts have failed. 

The most logical money management system is simple but effective: bet less when losing and more when you are winning. Casinos understand that if you are losing, the chances increase you might “chase” your losses with even larger bets to get even. The worst time to start throwing larger bets out is when you are losing. You are probably not thinking clearly and would do better to change tables, lower your bet, or stop altogether.

If you find that you are winning steadily, try betting a little more. Even better advice is to leave when you have won. If your initial buy-in was for $100 and you have doubled your money, you could do a lot worse than leave. You might think you are giving up potential losses but the odds are with the casino that the longer you stay and play the better chance you have of losing it. In the gambling world, there is nothing worse than winning some money, then losing it and more.

I was sitting in a sports book when a friend came over breathlessly to announce that the most amazing thing was happening right down the street. It seems that a street-person, a man who didn’t appear to have much in the world, his possessions stuffed into a shopping sack, unshaven, lavatoraly-challenged, his clothing stained and soiled, had wandered into one of the newer blackjack online game at the time, sat down at a blackjack table, bought in for forty dollars, and proceeded to win like he would never lose.

This went on for hours. He had amassed stacks of racks of thousand dollar chips before I wandered over to see the commotion. There were velvet theater ropes and security guards surrounding the table keeping the growing crowds away as news of the magic act and performance by this man who, by his looks, had given no indication of his prowess or elevated understand of something as elusive as blackjack.

This fellow managed to accumulate close to $1,000,000, all the while drinking like a fish, swearing like a sailor, and throwing things when he sometimes lost a hand, like a two-year old terrible tot. He was escorted after this had had grown thin and given a hotel suite, with a strong suggestion not to return for several hours.

He must have napped, because he returned after a while, and sat down with his chips to recommence play. His actions belabor the point: how much is enough? He proceeded to give almost all of it back, drinking and swearing at all concerned. 

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