The world of sports betting and blackjack may occupy opposite ends of the gambling spectrum, but each disciple actually shares a number of traits. Although the process of making money at the blackjack table is different from doing the same in the sporting arena, the fundamental skills required to be a success are the same.
Of course, success in one field will not necessarily translate into success in the other. However, if you can absorb the information we have outlined below, then you will have a much better shot at making money when you are chasing the hallowed total of 21.
Learn to Manage your Money: A broke gambler, whether they are betting on an Aussie rugby match or tracking cards at the blackjack table, is not a gambler at all and the only way to prevent this from happening is by learning how to manage your money properly.
Known technically as bankroll management, a sports bettor will ensure that each time they place a wager or series of wagers, that the total amount at risk is never more than 10% of their overall bankroll. The same strategy should be in play when you sit down for a blackjack session.
To work out how much you can gamble in each session, you first need to set aside an amount of money you can comfortably afford to lose. Once you have done this you should then section off 10% of it and not sit down with any more. Naturally, as your bankroll shrinks and grows, the actual cash amount you are risking will also change.
Take it Slow: Greed can often be the downfall of any gambler, whether they are betting on sports or blackjack. A winning sports bettor will often log on to an online sports betting site, such as bet365, and set out how many events they are going to speculate on each day and stick to that. Regardless of whether they win or lose, long-term winners will set out a plan and stick to it.
If you want to win at blackjack then you need a similar plan. Either based on a number of hands or a set time limit, you should not play more than you had planned to. Moreover, it is important that you do not let a winning streak cause you to alter your strategy. Betting more and taking greater risks just because you are in profit is the fastest way to undo all of your hard work.
Take a Break: Overloading your brain with stats, odds and events will not only cause you to lose your mind but your money. In the sports betting world a canny punter will often segment their week into sessions and ensure they take ample breaks in between.
To ensure you stay on top form and make the best decisions possible, it's necessary to give yourself time to rest and the same is true when you play blackjack. The brisk nature of the game can often cause you to lose focus which is why you should take regular breaks. A few minutes away from the table can help you refocus your mind and make you a more profitable player.
Becoming a better blackjack player takes dedication, a lot of practice and some fundamental skills, a few of which you can take from the sports betting world. Even if you have never gone online and speculated on an Aussie Rules match or a horse race, there is a lot you can take from the industry to help you become a more methodical, more logical and, importantly, more profitable blackjack player.