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Wait and see how the other players are betting the first few hands before plunging. You have to stay close, but your goal is to be there for the final hand. On hand 20, if you have the chip lead, see if you can bet the amount that keeps you a maximum bet ahead of your competition. The semi-final round usually has six or seven tables full of earlier round winners, and the chip leader from each table in this round goes to the final table. If you are far behind, bet the max, even if that is more than half your stack. What are the standard rules of play? The higher payoff for first justifies busting out here and taking a lower payoff. How many hands make up the round? Most tournaments consist of two or three rounds with a player from each table advancing to the next session. Maybe you'd wait on hand 19, but on hand 20 you are out of options. Let them do so and be happy. By using LiveAbout, you accept our.{/INSERTKEYS}{/PARAGRAPH} Raise your bet slightly after winning hands; drop your bet down if the dealer is winning many hands. Set your bet accordingly. Keep in mind that if everyone bets all or most of their chips, you may be able to win by keeping chips in reserve and seeing everyone else lose hand First place pays significantly more than sixth or seventh, so your first rule of blackjack strategy is to not bust out early. You probably already know how to play blackjack and if you've already played in a blackjack tournament or poker tournament , you have some valuable background information. Use blackjack basic strategy , and you'll do best. If you have the lead or close to it at hand number 10, keep your wagers close to what the other players are making. Do this if there is no way for you to get first, second or third unless the dealer beats everyone. When there are six or seven players still competing for first or second and each is making the maximum wager, you may have a better chance of making a tiny bet and keeping more in reserve and just hoping the dealer has a killer hand. If you have a significant lead, coast a little and reassess at hand If everyone is close in chips, keep wagering what you were and wait for hand On the last couple of hands, you may want to double down on a hard hand even up to hand 20 if it is the only way for you to win. If you are close, bet up to half your stack. Assuming you win hand 18, watch what the other players are betting and see if you can wager just enough to stay ahead or even with half or less than half your stack. This allows you to win if nobody gets a blackjack or a chance to double down or split. The actual placement of the bet may also be important. {PARAGRAPH}{INSERTKEYS}Learning how to win blackjack tournaments may not be as tough as you think. Any other rules for placing wagers. Go for it. If you are far behind, bet half your stack. Hand If you are leading, keep the pressure on with the same bets you have been making. What are the minimum and maximum bets? If most players are close and you can guarantee yourself a second-place finish with a certain bet, that should be considered. Hand If you are leading, keep the bets coming. If this happens, will you have enough chips to take first? Updated March 07, How many players advance from each table? After the final hand, watch the chip payoffs and make sure everyone is paid correctly. Most of those rules are self-explanatory, but many blackjack tournaments have special rules such as blackjack pays 2 to 1, and players must bet in order. Then, take your payoff , tip the dealer, and enjoy. Most final tables have a cash prize for each player, but make sure you know all the rules and procedures before you begin. Each player may have to slide a wager into the betting circle or announce a bet, so find out first before you trip yourself up. What does blackjack pay? Twitter Twitter. Any other position, try to bet up to half your stack. You should also consider the possibility that all players may lose the final hand. If you are significantly behind, bet half your stack and save half in case you need to split a pair. Moe is an award-winning author and historian of Nevada casinos. If you win, check your competition again and decide if you need to raise your wager going again with up to half your stack. Al Moe. If you are all close to the same amount, go ahead with a bet close to what the other players are making. Do you offer insurance? However, unlike the earlier rounds when you had to get to the last hand to win, you may want to risk your chips a bit earlier if a player or two happens to have a streak of great luck and is pulling ahead. If you are close to the pack, bet up to one-third of your stack. All you need now is to use some advanced strategy to propel you to the final table, where you have an excellent chance of taking down that nice first-place prize money. Hand No matter what position you are in, you obviously want to be the chip leader after this final hand. Otherwise, bet the maximum. If this happens, by hand number 10 you have to start making larger wagers—close to a big as your competitors are making. Usually, a player or two at the final table will bet big and bust out, improving your prize money. If you lose hand 17, you need to wager the maximum you can on hand 18, even if it is your whole stack. When you reach hand 17, you need to make a decision about your next wager based on how many chips the other players have. Wait for hand number 17 to change your strategy. Mistakes can be made in finding the winner of your blackjack tournament, so keep your eyes open.