How much should I bring to the casino?
Mr Blackjack shows you his tip for determining how much money to take to the casino. Learn bankroll management skills that let you play responsibly in blackjack.
I get this question a lot: 'How much should I bring to the casino when I want to play blackjack?' To know, you should ask yourself two questions:
- Am I going to have fun?
- Am I going to make money?
Both of those have very different answers and have questions in them themselves.
If you are going to have fun, you should consider how much you usually spend on dinner and drinks. $100-200, maybe?
So if that's what you spend on roughly two hours at the restaurant, then you should be happy and have no regrets about spending $200 in bets while being entertained at the table with some non-stop betting, doubling, and splitting blackjack action.
If the goal is to make a profit, you have to establish your bankroll and your overall goal in the short term and the long term.
Your bankroll is a set amount of money that you have decided to dedicate in the pursuit of more winnings over a set period. It is directly related to the amount of money you want to invest in this long-term process.
Let's say you have a total bankroll of $2,000 and your long-term goal is to bring your $2,000 to $10,000, a 5X return on your investment.
I would suggest bringing 10% to the casino with you as an initial buy-in, with an extra 10% as a rebuy just in case you get a few blackjack shoes that go the wrong way.
So, that means you bring $400, or 20% of your bankroll, to a session. You sit down with $200, and if you lose the $200, you play the next $200.
If that disappears, you get up and go home and come back another day.
Your short-term goal should be to make anywhere between 3x to 5x your money on any given night. Using our previous example, once you reach $600-1,000 from the initial $200-400 buy-in and the hot streak is over, you should call it a night and come back another day.
The nightly bankroll management of 20% of your total bankroll is a guideline. It's a good one to follow because it allows you to control your spending while on a downswing.
There is nothing worse than playing catch-up and trying to make up losses. There are some times when you will not make up the losses on that same night. But over time, the math evens out, and you will come out ahead.
Next up, we're covering how much you should be betting at the blackjack table to give you the best chances of winning. Stay with us to learn more secrets to playing smarter blackjack.
What this lesson covers
- Bankroll management basics
- How to set short-term & long-term bankroll goals
- How much you should bring to the casino
Meet Mr Blackjack
With a career spanning two decades, Mathieu Blake knows his way around a blackjack table. He's taught and entertained over 100,000 subscribers on his YouTube channel NeverSplit10's . In this series he'll take you through basic strategy, card counting, and bankroll management. Take a seat with Mr Blackjack and become a winning player.
- What is a bankroll?
A bankroll is any amount of money set aside to play casino games. This should only be spare money you can afford to lose.
- What is bankroll management?
Bankroll management is budgeting the money you have set aside for playing casino games. This means you dedicate a specific percentage of your money to a blackjack session, so your bankroll lasts multiple sessions. Players will also set short-term and long-term goals to grow their bankroll.
- How much money do I need to have a bankroll?
There is no specified minimum limit for a bankroll. Your bankroll size is determined by how much you can afford to play with, and the length of time of your blackjack session.
- How much money should I bring to the blackjack table?
Mr Blackjack recommends bringing 10% of your bankroll as an initial buy-in, and another 10% maximum just in case you have a cold streak early on in your session.
- What is the best way to manage your bankroll?
You should set yourself a budget and a goal in real money blackjack games, and keep to them. This will stop you chasing losses or losing all your money in one session.
- How can I grow my bankroll?
Mr Blackjack recommends you start by setting short-term and long-term goals to grow your bankroll. Lesson seven of season three in Blackjack Academy covers growing your bankroll in more detail.
- What percentage of my bankroll should I bet?
This depends on your bankroll size and the duration of your blackjack session. Watch lesson two on betting at blackjack tables to learn more about making smart, responsible wagers.