How do you set win limits/know when to stop?

[2deal2]

How do you set your win limits or know when to stop? I'm new to Online Blackjack and I've tried to reach £200 from an original base of £50-70, but I've only reached it once!

Mostly I struggle to reach £100, and 3 times I've been wiped out

What is a good win limit if you start with £50-70?

[Blagger]

2deal2,

It really depends on your risk threshold. The higher your win target the higher the risk because Blackjack is steaky and you won't achieve a win target in a straight line. You will go up and down and you might nearly reach the target on many occasions before being sent down on another disheartening losing streak. The lower the win target the more likely you are to achieve it and the faster time it will take. Be realistic and don't be greedy. Your target and bet size must be realted to the size of your pot. To make £10 bets you must be prepared to sustain going down £300-£400 which is quite normal so you need a starting pot of at least £500. Even then I would quit when ahead by just £50 and move to another casino site and start again. The longer you keep playing the same game on the same site the more sure it is that you will eventually lose.

[tedloc]

First of all I believe that your bankroll must be at least 30-40 times the table minimum, so that you can get through a bad run. I have found that 'flat bets' are the best. Wait until you get the advantage (splits and double downs) to increase the bet. A $10 bet will become $20 or more. Let me give you an example. When they put a new deck in play, you are a slight underdog 101-100. You bet $10. If you are delt an 11 against the dealer 10, you suddenly become a 6-5 favorite. You should always double. Don't start out betting $20 dollars, only to find the dealer has delt a blackjack for themselves.
As for limits,starting out with $50-$70 dollars, playing on a $5 minimum table, anything is possible. There is this thing in gambling called LUCK. Luck is always better than knowing how to play. You see it all the time. Some clown doubles 12 vs a dealer 10 and wins.
Realisticlly, if you could double your money, I would start putting some in my pocket. Most people set their win limit so high compared to their bets, they never achieve it and wind up losing everything.

[2deal2]

Thanks, guys. I use two websites that use the WagerLogic System, since I understand it. I'm gonna register with the others and spread my bets around.

Sticking to just two websites is killing me!

[chasekwe]

I stop playing after a set amount of time as opposed to a money count if that helps any. Usually 6-10 hours in a day... I play for such long periods of time because life rarely allows me the time to get down to AC for a weekend so I make the most of it. Of course, I'm up so much nowadays maybe I'll just make a job of blackjack, that'd free me up haha....

Of course, if you lose all your money then your time might get cut short.... so try not to do that.

[Mikeaber]

Of course, if you lose all your money then your time might get cut short.... so try not to do that.

Oh God, I spewed coffee all over my keyboard on that one Chasekwe! Thanks

But that's GREAT advice! Don't lose! I'm not being sarcastic! It just struck me as funny as hell!

[tedloc]

After reading the responses to your question, I had one more thought. I recently moved to San Diego and am now 35-55 minutes from 6 indian casinos. This makes it much easier to walk away with $ in my pocket, with a realistic win limit. When I lived in San Jose, I had to drive 4 hours,to Lake Tahoe or fly to Vegas for a weekend. When you do that, you are going to be in a casino for 2-3 days and it is impossible to stop playing when you get up a few hundred on your first or second session. As an old fiend said to me one time: "What are we going to do, walk around with our hands in our pockets". Now that I am so close, I know that I can be here anytime I want to. My advise if you can afford it, would be to move to Turnberry in Las Vegas. It is a beautiful condo development, right across from the Hilton.