Until You Master the Game, Avoid the Insurance Bet
If you’ve read a review or two that tells you the insurance bet is a good bet, forget about that immediately, at least until you really master the game. Sure, the bet pays double your initial bet, but do you know how tricky it is really?
Basically, when you place the insurance bet it means that you’re betting the dealer’s face-down card is a 10 value card. But do you know what that really means? It means that you have no doubt in your mind that there is a ten-card left in the deck and undealt.
Provided we concluded that card counting is impossible in blackjack when you’re playing online, it means that you can never be absolutely sure that the dealer’s card is a ten-card. Therefore, until you become a pro, forget about the insurance bet.
Raise Your Bets Whenever You’re in a Streak
Now, this may sound confusing, but in reality, it is a money management strategy that really works, as confirmed by real blackjack pros. When you notice that you’ve won three hands in a row, it is time to raise your bet. But how?
Well, here comes the money management thing. Before you join an online blackjack table, make sure you set a mental limit on how much you are comfortable spending for the entire duration of the game. Say, you are comfortable spending $2,000.
Now, put your money on three piles. One pile with $25, another with $50 bets and the third one with $100 bets. Start with the $25 bets, and as you hit a streak, start placing bets from your second and third pile.