It seems that bankroll management is a subject that people know very little about and this is true even for experienced players. New players find the money management systems confusing and difficult to apply, especially due to the fact that it works differently from the wagering systems used in most other casino games.
New players are mainly focused on becoming familiar with the main rules of the game and trying out different strategies to determine which one works best for them.
The growing popularity and accessibility of Baccarat tables has also led to the creation of many money management strategies, all designed to increase your winnings and keep your losses minimal. Most of the systems originate in Asia, where Baccarat is a popular game among both regular players and big gamblers.
We have collected some of the best known bankroll management systems that you can apply during your next baccarat adventure:
The Pocket Trick Strategy
The Pocket Trick strategy is a simple money management method for Baccarat. This strategy requires you to keep your play money and savings separate and use only the play money for betting. The moment your play money runs out, you should stop or at least take a short break and evaluate your wins/losses. If you win, you should add at least half of the amount won to your savings. Furthermore, it is advised not to bet the chips you have won during a playing session.
The Pocket Trick strategy is a good way to make sure you don't overspend while playing. By separating your chips in the above manner, you will ensure that you do not leave the online casino without any money.
The Budget System
Another money management method that is popular among new players is the budget system.
In this method you set a playing budget before you start playing and take the following factors into account:
- How much money you can afford to lose
- How long you would like to play for
- How many times you would like to bet per hour.
Your minimum bet is based on the casino's minimum bet multiplied by the number of games you want to play in the time you are at the casino. Your maximum bet is determined by your budget for the day.
The budget system also requires you to create your own strategy based on the number of games you want to play per hour and in total. This is very important as it protects you from overspending and compulsive gambling. Compulsive gambling is one of the negative consequences that can occur if you play for a long time without taking breaks.
Furthermore, gambling for long periods of time without taking breaks makes you more likely to stop following your betting limits and thus lose more than you could actually afford.
Martingale Baccarat Strategy
Even if you don't regularly play baccarat or any other table game, there's still a good chance you've heard of this popular betting system. It is considered one of the most effective, but also one of the most dangerous strategies.
The main goal of the Martingale strategy, as with the other strategies, is to ensure that the player is the winner.
If you want to use the Martingale strategy, you should double your bet after each lost round. The idea behind this is that sooner or later you will always get lucky again and you will play off all your previous losses in one go.
It's also important to remember that even if you start with a very low stake, with a bit of bad luck and a few consecutive losing rounds, you'll still have to bet into the thousands in no time at all in order to keep doubling up.
For this reason, it's always advisable to check the table's betting limit first, since otherwise you'll end up not being able to double anymore and you won't be able to continue the strategy.
Silver Tiger Baccarat Strategy
If you prefer a more aggressive betting strategy, then it is definitely worth considering the Silver Tiger strategy. This strategy is designed to build up profits even faster than the Golden Eagle strategy.
What sets the Silver Tiger strategy apart from the other strategies is the unique betting sequence that players must follow. Like Golden Eagle, it has a low buy-in and the player must bet 16 chips on the desired outcome. To get four more buy-ins, the player needs 64 more chips.
With this strategy, you win at least 6 chips with each buy-in. If you don't want your chips to be at unnecessary risk, the slightly less risky strategy where you start with 48 chips might suit you better. Furthermore, if you want to, you can also take advantage of the side bet called the breakaway.
Conclusion
With the above mentioned bankroll management strategies you can increase your chances of winning during your next baccarat adventure. Just remember that each strategy has its advantages and disadvantages. Moreover, we recommend playing only with money you can afford to lose. For more information on baccarat, we recommend our baccarat tips page. Here you can find more information on all things baccarat!
