While there are plenty of beginning blackjack mistakes, one of the most common involves overbetting. In other words, players make wagers that are far too large for their bankroll, which gets them into trouble later on down the line. If you think there's a chance that you're guilty of this blackjack gaffe, keep reading to find out how to remedy the problem.
How Overbetting Happens
The first thing to understand with this subject is how exactly overbetting surfaces. And it usually arises when players have a losing streak, and want to win back their losses. So they'll move from $5 bets to $10 or $20 wagers, which unfortunately doesn't guarantee you of a win any time soon. In fact, your losing streak could simply continue in this situation, and you'll be out even more money. If you've only got a $100 or $200 bankroll to begin with, $10 and $20 wagers are too much.
It's all about Bankroll Management
The key aspect of preventing overbetting involves smart blackjack bankroll management. At the minimum, you should be betting at a rate that leaves you with 20 total bets. So, for example, if your bankroll is $100, you should stick with $5 bets (or lower with online blackjack) to avoid being too risky.
Focus on the Long-term
It always helps your efforts to avoid overbetting when you focus on the long-term results. In other words, keep in mind that if you're using a blackjack strategy chart, you can lower the house edge to 0.5%. Assuming you utilize good bankroll management, you could possibly overcome this extremely low house edge over time. So from an overall standpoint, look at blackjack as a marathon rather than a sprint.