Financial Desk Team 
Blackjack might seem to be a simple game to play, but there is a lot to it underneath the surface.
While the rules of obtaining a value of 21 or as close to it as possible without going over are simple to understand, there are various situations that players need to think about as they look to try and achieve that objective.
The table game can be one of the most favorable in terms of house edge, as the casino does not have a huge advantage when played in comparison to other games. The Return to Player (RTP) rate is around 99.5% on average, but players need to be aware that there are risks associated with each hand that they play.
Therefore, there is an importance of adopting strategies. In doing so, you can maximize your chances of winning a hand by simultaneously minimalizing the risks that can be presented. They can allow you to know when the right time to fold is, as well as when the best time to hold the hand that you have or try and push for a better score by hitting.
What risk management principles can be used at the blackjack table?
As is the case with all casino games, it is important to contain the risks that can be presented when playing. Knowing when to take risks can be effective in producing a positive gameplay session and one that can be potentially rewarding. However, being blasé about the situation and approaching the game with a laissez-faire attitude can be disastrous.
Assessing the opening hand
When playing blackjack, the very first thing a player should be looking to do is to assess the immediate risks that are presented. This will often involve the cards that have been dealt in the first instance. You will receive a pair of cards and know what your true value is. You will only see one of the card values of the dealer’s hand. You need to think about what they might have as a second card, and evaluate the risk that can be associated with it. In doing so, you can make a more informed decision.
Bet sizes & bankroll management
Risks can also involve bet sizing when wagering at the table. Using Unibet’s real money online casino in Canada when playing blackjack can be a great way to reduce risk, as there are options that cater to players of all bankroll budgets. You must only ever bet what you can afford to risk and never decide to go all-in based on a “gut feeling” or a “hunch”. A strategy can help to stop you from doing this, as you can have a greater insight into what could potentially happen and what the likelihood of a certain outcome is, thus helping you understand whether to fold or hold.
Learn blackjack strategies
The best strategy to implement when trying to minimize risks that can be associated with the game is to understand various blackjack strategies. There are several available, and there is nothing in the game’s rules that states you can’t use them. If playing online, you can use a blackjack chart of starting hands to determine the strength of your hand and whether you should be folding, holding, or hitting on the next turn. They can be useful resources to just look at and refer back to quickly.
Keeping emotions out of your gameplay
It’s very important to keep your emotions out of your blackjack gameplay, as this can have a huge impact on the level of risk that is experienced. Risks can be intensified when a player makes a move based on their emotions. If they are frustrated with how things are going, they are more likely to potentially double down, thus throwing caution to the wind and forgoing any of the risks that they might encounter. Those who can keep calm and collected can remain focused and appreciate what risks are still presented with each hand that is played.
Managing your risk is vital to conducive blackjack gameplay
It doesn’t take an expert to recognize that risk management is an important aspect when playing blackjack. However, there are so many that can often throw caution to the wind and forget about various risks that can be posed. Keeping each of those outlined above in mind will ensure a better and potentially more successful experience in the future.
About The Author
Frank Nez