Blackjack Bankroll Management Calculator

Using correct bankroll management and bet sizes doesn’t mean a blackjack player will always win. Remember that the house edge for a blackjack game is based on millions of hands played. In the short term, blackjack players will see ups and downs. Even with a perfect blackjack basic strategy, the casino will still have the house edge over time.

  1. Blackjack Money Management System
  2. Blackjack Apprenticeship Recommended Blackjack Bankroll
  3. Bankroll Management Calculator Blackjack
  4. Blackjack Bankroll Management Calculator
  5. Up And Pull Betting Method

In the past, many online casinos required Blackjack Bankroll Management Calculator the player to enter a bonus code in order to receive a deposit bonus. This was mostly due to the fact that the gambling sites back-offices weren’t that Blackjack Bankroll Management Calculator user-friendly, and it was hard to configure triggers for various. Money Management in Blackjack It doesn’t matter how awesome you are at memorizing basic strategy. If you can’t successfully manage your bankroll, the house will eventually clean you out, for they essentially have an unlimited bankroll, whereas you do not. This calculator allows you to determine the Playing Efficiency (PE), Betting Correlation (BC) and Insurance Correlation (IC) of any card counting system. Just plug in the tag values for each card rank and click Calculate. For example, for the popular Hi-Lo counting system, you would input the tag value -1 for Ace and Ten, and tag value +1 for 2-6. Freebies (Matchplays/Free slot play/Promo Chips, etc) – Casinos are constantly giving out freebies.

Gambling bankroll management is one of the most important but overlooked aspects of blackjack play. Although players will spend dozens of hours learning perfect basic strategy, they often neglect their bankroll, or fail to prepare for their casino visits.

If you have ever invested in the stock market, or put money away into a 401K or similar retirement account then you understand the importance of planned saving. But should you save for a gambling adventure? Before casinos were found in so many countries, a trip to the casinos really was an adventure. Most players had to save a long time for a vacation before they went to Monte Carlo or Las Vegas. Today it’s different, especially with games available on the internet. However, it’s even more important to consider your gambling as entertainment and budget your expenses.

Why Players Lose at Blackjack

The most common reason players lose at blackjack is because they don’t quite understand the rules of the game and the importance of sticking with a solid way of playing. The second reason is because they play way too much and the hourly toll wreaks havoc on their pocketbook. As a smart gambler your can learn and stick to the rules of the game and then limit your play to a reasonable number of hours. And, you can manage your bankroll to avoid the third most devastating gambling problem: undercapitalization. If you think that means you should simply take all of your cash to the casino, well, we better start over.

Casinos hold, or win, about 20% of the money that players use to buy chips with at the tables. And, one of the main reasons (aside from the fact that they make many bets, not just one) for this is that players have only a finite amount to bet, and when that’s gone, they go home.

Think of it this way: if you have $50 to play blackjack with and the table minimum bet is $10, how long will it be before the casino gets ahead of you by five bets and you lose your cash? Not long. Your goal is to play nearly even with the house, unless you count cards and can expect to have a small edge to exploit. Either way, the odds are almost the same as flipping a coin – 50-50. Try that and see how long it takes before either heads or tails is five bets ahead.

Safety in Numbers

There really is safety in numbers, and with respect to gambling, that safety comes with having an adequate bankroll. While you are learning to play blackjack and keeping an eye on the house advantage and getting ready to play for real money, do a little saving first. Treat your gambling like a business. You have to setup a savings plan and put away some cash every week for your gambling entertainment.

Make sure the money you save to gamble with is “extra” cash and really for entertainment. Don’t spend your household bill-money at the casino, and don’t use your credit cards to get more cash when you lose your bankroll. That leads to disaster and further bad decisions. Save up, and you’ll find that having at least 100 units in your bankroll really helps you make sound decisions and keeps you from trying to hedge your bets or not make the right plays. And remember, you don’t want to take your entire bankroll to the casino!

Bet Size to Bankroll Size

Your chances of going bust are tied directly to the size of your bankroll. Obviously if you have only enough money for one bet, you’ll lose it, at least 50% of the time. If you have 10 units, do you think your chances are higher or lower of losing it all compared to a bankroll of 100 units? Yes, of course, the 100 unit bankroll is safer. Just remember that it isn’t $100 – its 100 units, or bets.

You’ll always want to keep your bet-size in line with your bankroll size. Wagering $1 when you have $1,000 is painless. Wagering $100 when you have $1,000 is suicidal. It might be exciting and it might leave you a big winner, but the odds say you’ll go broke about 90% or the time. Be smart with your money.

If you really need a definitive number to work with, no amount is ever safe because you are playing against a house game where you don’t have the advantage. However, if you were to follow the chart below, your chances of staying very close to even over the course of ten visits to the casino (or playing online) are very good.

Bankroll Rules

  • Don’t play until you have 150 bet-size units
  • Only take 50 units with you per trip
  • Only play three hours or less per trip
  • Always bet one-unit until you are ahead for this trip
  • Once ahead, increase your wager by one-half unit each hand during a winning streak
  • Return to 1 unit after a single hand loss
  • Don’t spend your winnings, put them back into your bankroll and let it grow
  • Reassess your bankroll after each trip and then keep it close to 200 units if you can
  • Raise or lower your bet size between trips to keep close to 200 units

Will these rules make you a winner? Mathematically, no, but you’ll be about as close as you can get to playing even with the house as possible without counting cards. And, there is a chance that you’ll have a few nice winning streaks where you win substantial amounts in three hours and go home a big winner. The extra cash in your bankroll will last a long time if you know your overall plan is keep your total units at 200 or more units. That means you keep increasing your bet size as your bankroll grows ad reassess your average bet to stay close to 200 units. If you are doing great, don’t be afraid to make increase your bankroll to a higher unit number, that’s a long term goal for any gambler.

Developing and maintaining a card counting bankroll is a similar process, and a winning player or team expects to double their starting bankroll 95% of the time. That means they only lose their seed money once in 20 tries!

You’ll never be guaranteed that kind of success while playing just basic strategy, but you can certainly clear some online bonuses and have a lot of fun while keeping your entertainment cost pretty low. Treat your bankroll with respect and it’ll be with you for a long time! I suggest reading about Bankroll and bonuses if you are going to play online and claim a casino bonus.

Some blackjack players are so preoccupied with mastering perfect basic strategy and card counting that they neglect their money management. In blackjack, just like in any other casino-banked game, managing one’s bankroll adequately is of great significance.

Having said that, we would also like to point out bankroll management is powerless when it comes to decreasing the house edge. What it does help with is longevity, or preserving your blackjack bankroll for a longer period of time. No matter how perfect your play is, you are guaranteed to lose your money without discipline and proper bankroll management.

Building a Bankroll – How Much Money Do You Need to Play Blackjack?

Let’s start by specifying that your bankroll is the money you have set aside strictly for the purpose of playing blackjack. We suspect you already know this but just to play it safe, we shall say it again – you should never use money you need to cover your day-to-day expenses for playing blackjack, regardless of your level of skill or previous experience.

Our advice is to place your blackjack bankroll in a separate account and withdraw from it when you plan to attack the blackjack tables. Once you finish with the assault, you go back and deposit whatever you have left alongside any winnings you have generated during the session.

You should leave your bankroll alone in the beginning and avoid using it for any non-blackjack-related purchases. Once you succeed in building your bankroll, you can reward yourself by buying something with some of the winnings you have generated.

Table Limits and Session Bankrolls

With this clarification out of the way, we warn you there is no uniform bankroll size that applies to absolutely all blackjack players. The edge skilled players get inevitably manifests itself over the long term. Anything can happen over the course of a single session, a week, or even a few months.

Experiencing short-term losses, even if you are an accurate card counter, is hardly anything unheard of. The bottom line is as a serious blackjack player, you need a bankroll that is large enough to withstand the losses you may incur on a short timescale.

The overall amount you allocate for blackjack play should be broken down into smaller session bankrolls. How much you allocate for a single session is closely linked to what table limits you play.

If there are lots of casinos in your area but you have limited funds for blackjack play at your disposal, the smartest thing to do is scout the different gambling halls and find a table with low enough limits to accommodate your small bankroll. Provided that there is a single casino with high limits in your city, you better wait until you save a sufficiently large bankroll to play such stakes.

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Show MoreHide MoreA session bankroll should be at least 50 times the lowest bet at the table. This is the bare minimum, recommended for basic strategy players and flat bettors. Respectively, players who count cards and move their bets with the true count are recommended to put aside at least 100 times their top bets.

Thus, if there are $10 tables in your vicinity and you flat bet at this minimum with basic strategy, your session’s bankroll should be at least $500. Your max bet should not exceed the amount of $10 under any circumstances. Provided that you are a novice card counter who uses a less aggressive bet spread like 1 to 5, you will need a session bankroll of at least $5,000.

Each number 1 through 5 corresponds to the number of base bets you need to wager when you move with the true count. You put out 5 units or $50 on a count of +5 or higher, 4 units or $40 on a count of +4, and so on. One unit of $10 is wagered on a count of +1 as well as on neutral and negative counts.

Evaluating Your Risk of Ruin

Disciplined players who exercise good money management are well-acquainted with the term “Risk of Ruin”, abbreviated as RoR. For those of you who are not, RoR denotes the probability of a given player losing their entire bankroll.

There are several values you need to take into account when estimating your Risk of Ruin, including your standard deviation, your bankroll in units, and your win rate per every hundred hands. There are free RoR calculators on the web players can use to accurately estimate the likelihood of busting their full bankrolls. Your other option is to use blackjack simulators that can calculate the RoR for you.

We can distinguish between two types of Risk of Ruin, namely session RoR and the RoR for players’ full bankroll. The former denotes the likelihood of the player losing their entire bankroll for the session while the latter shows you the probability of busting your overall lifetime bankroll.

To give you an example, let’s suppose you have a session bankroll of $2,000, play perfect basic strategy, and flat bet $10 per hand. No limit texas holdem poker tournament strategystrategy. You have 200 base betting units at your disposal. The software you are using has calculated that you have a session RoR of 18%.

This means that eventually you will end up losing your $2,000 around 18% of the time. And the opposite, your bankroll will increase 82% of the time. Meanwhile, if you cut your bankroll in half to $1,000, or 100 units, your RoR will jump to nearly 32%, which exceeds the tolerable limits. In the other 68% of the time, you will increase the bankroll.

It is important to specify that different players are willing to put up with different RoR percentages. At the end of the day, this is all a matter of individual tolerance. The bottom line is the bigger your bankroll is and the more base betting units you have, the lower your RoR will be.

Understanding Standard Deviation

The term standard deviation (SD) is normally used in mathematical statistics in relation to the distribution of expected results. In blackjack, it denotes the distribution of players’ results within a range of probable outcomes.

It tells you how frequently a specific outcome will deviate from your expected average. This is important because it enables you to assess whether you are playing a losing or a winning game as well as to decide how big your bankroll should be for any given session.

It is unrealistic to think you can win each and every blackjack session, even if you are perfect at basic strategy and count cards with great accuracy. A low standard deviation indicates the actual results fall closely within one’s expectations.

We shall explain how standard deviation works with a simple coin-flipping example. A coin has a 50% chance of landing on tails and a 50% chance of landing on heads. Yet, you cannot expect the coin to land precisely 50 times on tails and 50 times on heads in every 100 trials, or at least not in the short term. Sometimes it may land only 45 times on tails and 55 times on heads which happens roughly 2/3 of the time or around 68.3%.

Show MoreHide MoreIn the context of blackjack, the standard deviation of a single hand you play in a six-deck game is estimated at 1.14. Thus, you are expected to win or lose roughly 1.14 bet units around 68.3% of the time within one standard deviation, 2.28 betting units will be lost/won 95% of the time within two standard deviations and 3.42 units will be lost/won 99.7% of the time within three standard deviations. The distribution of these results is shown on the so-called Gaussian bell-curves.

Knowing their standard deviation enables players to calculate the probability of winning or losing a given number of units over the course of a certain number of hands. You do this by multiplying your standard deviation by the square root of the number of hands you play.

So if your sample size involves 400 hands with a standard deviation of 1.14, you can expect to lose or win √400 x 1.14 = 20 x 1.14 = 22.8 betting units around 68.3% of the time. Respectively, 95% of the time, you can expect results within two standard deviations where you will lose √400 x 2.28 = 20 x 2.28 = 45.6 betting units over the course of 400 hands. And finally within three standard deviations, you will lose √400 x 3.42 = 20 x 3.42 = 68.4 betting units every 400 hands 99.7% of the time.

Standard deviation may be complex to understand if you are a novice but is nevertheless of great importance. You need it when calculating your RoR, which in turn helps you determine the bankroll you need. Do not be intimidated, however, as you can figure out what your RoR is by using a simulator software or one of the online RoR calculators.

House Edge and Hourly Losses

The beauty of using basic strategy is that it reduces the house edge in blackjack to such an extent that you are nearly playing a break-even game. Yet, basic strategy is not powerful enough to completely overcome the built-in casino advantage.

Even if you are perfect at basic strategy, the house edge will inevitably cause a dent in your blackjack bankroll over the long run. This dent, however, will be far more significant if you rely on gut feelings and hunches instead of using the optimal strategy.

Knowing the house edge of a blackjack game helps you calculate the hourly losses you can expect to incur in the long term. Suppose you choose a table with more liberal rules like those offered across Las Vegas Strip casinos where the house edge revolves around 0.36%.


You multiply this percentage by the average number of hands you play per hour and your average bet size. Assuming you are a recreational player who joins mostly full tables and bets $30 per hand on average, you will be able to go through roughly 80 hands per hour.

Blackjack Money Management System

Therefore, the long-term hourly losses you can expect to see will amount to ($30 x 80 hands x 0.36)/100 = 864/100 = $8.64.You will inevitably arrive at this figure when you get enough playing hours under your belt. By “enough”, we mean tens of thousands of hours as anything can happen in the short run.

Unlike basic strategy players who are practically betting on a negative EV game, skilled and disciplined card counters are able to overcome the house edge. They have an advantage of around 1% at six-deck games with decent rules.

This enables them to grow their bankrolls overtime instead of incurring long-term losses. They calculate their expected hourly winnings with the same formula, i.e. by multiplying their edge by the average bet size and the number of hands they play per hour.

Bankroll Management Calculator Blackjack

Respectively, an accurate counter who plays heads-up at an empty table with at a 1% advantage and goes through 100 bets of $30 per hour can expect long-term hourly returns of ($30 x 100 hands x 1)/100 = 3,000 / 100 = $30.

Handling Losing Sessions

Blackjack Bankroll Management Calculator

Variance is inherent to all casino games, including blackjack. All players, no matter how skilled they are, will inevitably end up going through some losing sessions. Knowing how to handle these and when to call it quits is of great significance for preserving your bankroll.

Needless to say, chasing your losses is a terrible idea. The rule of thumb all smart blackjack players should follow is to always leave a table before they have busted their entire session bankroll. The general recommendation is to throw in the towel when you are left with fewer than six betting units.

So if you bet $50 per hand, you must ensure you have at least $300 before you continue playing; if you wager $100, you end the session when you are down to less than $600 and so on.

Up And Pull Betting Method

The reason for this is simple – you need enough money to back up any potential splitting and doubling decisions in line with basic strategy. The bottom line is you should never stay at the table if you are so underbanked that you can no longer exercise the optimal playing decisions. Doing the opposite will ultimately cost you money in the long run.