All professional blackjack players suffer winning and losing streaks at the tables. While every pro invokes strategy to gain an advantage, they don’t all handle streaks in the same manner, but there is a general consensus that amateurs can take a solid example from.
How to Handle Blackjack Winning Streaks
If you’ve spent any time studying the strategic side of bankroll management at the blackjack tables, you know that it’s important to set betting limits, as well as a profit goal for each session. In the following examples, we’ll be using a bet limit of $10-$30 ($10 being the low-end, and $30 the high), and a profit goal of $300.
Winning streaks are every blackjack players dream. When you’re on a roll, you want to be betting your maximum limit of $30 on each hand. This will obviously get you to your profit goal faster.
Don’t be discouraged by one or two losses. When you’re hot, you’re hot, especially when the count is in your favor, so make the most of it. If you lose three in a row, however, it may be time to drop back down to the $10 low-end bet (see How to Handle Blackjack Losing Streaks below).
The real goal is to reach your win ceiling. But once you do, there’s a big question to be answered. Do you play on, or take your winnings and walk away?
The answer is dependent on the current temperature of the table. If you’re in the midst of a heated winning streak, you may want to stick around for a bit. If that’s the case, it’s time to set a new, higher profit goal. In doing so, you may want to increase your bet limits as well.
Most professional blackjack players who choose to stay at the table will boost their high-end betting limit by 50%, which would mean jumping from $30 to $45 bets per hand. But only do this if the table is super hot. Otherwise, continue with the original bet limit and take what you can before the table cools down, or simply walk away with a smile and a few extra hundred bucks in your pocket.
How to Handle Blackjack Losing Streaks
Cold tables are no fun, but they are something every blackjack pro has to deal with from time to time. If you find yourself on a losing streak, tighten up on your bankroll and start posting bets at the minimum $10.
What constitutes a losing streak? Most blackjack pros will tell you that three losses in a row is a bad sign. At that point, decreasing the bet size can do wonders to preserve your session.
Think about this. If you’re betting $30 a hand, and lose 5 hands in a row, you’re out $150. By reducing the bets to $10, you’ll only be out $50.
Most importantly, don’t be afraid to stand up and take a breather. If you lose 5 hands in a row, it’s time to take a break. Don’t worry about losing your spot at the table. You can always ask the dealer to mark you up, saving your seat for when you return (so long as you’re not gone too long, of course).
Taking a walk around for a few minutes will not only give the table time to heat back up, it will help you stay calm and collected; an imperative part of any good blackjack strategy.