To mitigate the risks associated with high-stakes blackjack, players can employ several strategies focused on both risk management and game understanding. One effective approach is to establish a strict bankroll management plan, ensuring that stakes are within personal financial limits and minimizing the potential for significant losses. Players should also develop a solid grasp of basic blackjack strategy, which involves making mathematically sound decisions based on the dealer's upcard and their own hand. Emotion regulation is crucial; maintaining a disciplined mindset helps players avoid impulsive decisions that stem from frustration or excitement.