Stop Loss Bankroll Protection System in Blackjack

Blackjack players often do not exercise prudent bankroll management systems when playing blackjack. Often, a player will belly up to the table, and just plunk down their money. Their plan is to play until they have won “enough,” until their “time” is up, or until they simply go bust. Instead of employing such a careless blackjack bankroll management strategy, a blackjack player is better served implementing a stop-loss approach to playing blackjack.

The Stop Loss

A stop loss system basically means that you quit your session after losing “X” dollars, regardless of your bankroll. Many people will keep playing until they lose all their bankroll. Even if you get up $1, 000 from a $50 investment, you probably will not have the power to quit. However, that is something you have to get or else you will remain a losing blackjack player.

So in order to be successful with this system, you must determine what your stop loss number will be. Let us say you have $5, 000 to play with, a stop loss number around $500 would be decent for a determined player.

Once you lose $500 during a single session, just walk away. If you turn that $5, 000 into $20, 300 (with no outrageous bets), you still have to follow your stop loss number, this is where most go wrong. If that same $20, 300 starts to cut down and you end up with $19, 800, you reached your stop loss (down $500), so quit the session right away!

On the upside, however, a player cannot prudently set a floor without also establishing a ceiling. While it might sound great to simply let our winnings run and ride at the black jack table, this often leads to disaster. Players should set a ceiling or an amount at which the player will take profits. This ceiling is best set at least twice the amount at which a player is willing to lose in their blackjack session. If the $500 floor is set, where the player will not tolerate a loss of more than $500 from their blackjack session, the player should set a ceiling of $1000. This allows a player to set proper risk-reward limits. By thinking about how much a blackjack player will tolerate losing or cash out without second thought on the winning side, a blackjack player stands a far better chance of becoming a long-term profitable blackjack player.