Effective bankroll management helps keep your live casino experience light, fun, and enjoyable, and is essential to ensuring that your gambling habits stay healthy. All of the best live casino sites will let you set your own spending limits, and it’s important that you’re honest with yourself and what you can afford.
You can also manage your bankroll by following established betting strategies. Below is a quick breakdown of the most popular betting strategies, which are most commonly associated with roulette and blackjack, but can also be applied to some live game shows. For each of these methods — which are all based, wherever possible, on even money bets — we recommend you start with the lowest possible stake.
- Martingale – The Martingale is a negative progression strategy, which means that you increase your bet with every loss. In this case, you double your bet every time you lose, and reset when you win. It’s based on the idea that you’ll recover all your losses the next time you win, although the required bet sizes can often hit table limits or be greater than your remaining balance.
- Paroli – The Paroli is a positive progression method, and is the reverse of the Martingale.
- D’Alembert – The D’Alembert is another negative progression method. After deciding on a base unit, often around £1, you increase your bet by one unit every time you lose, and decrease it by one when you win. If you’re more comfortable with a positive progression method, you can opt for the Reverse D’Alembert.
- Fibonacci – Unsurprisingly, the Fibonacci betting pattern follows the Fibonacci sequence, moving up every time you lose, and going back two numbers when you win. For those not aware, the sequence goes as follows: 1, 1, 2, 3, 5, 8, 13, 21, 34…
Of course, none of these strategies are foolproof, and should never be wholly relied upon, but they can be an effective way of keeping your spending in check. Remember, though, that you should never chase your losses, so call it quits if you hit a losing streak or have reached your budget for the session.
House Edge and RTP
House edge and RTP — the Return to Player rate — refer to the amount of money that will theoretically be returned to the house and the player throughout the game. For example, the RTP for live blackjack tends to be around 99%, which makes the house edge roughly 1%. It is important to bear in mind, however, that these figures are completely theoretical and have no bearing on each individual game. If you bet £100, the chances of you returning with £99 are much slimmer than these figures imply.