Blackjack Betting Strategy
Basic strategy is just the rocket booster. It gets the shuttle high enough in the atmosphere for the shuttle to do the rest of the work. The rocket booster never makes it to space. You’ll need counting, deviations, true count conversions and betting strategy to actually beat the game of blackjack but that’s for later. Memorize it perfectly! Check out the blackjack basic strategy calculator for any number of decks or any set of rules, along with recommendations for best online casinos for bonuses. Blackjack in a 6 deck or 8 deck shoe in Vegas typically pays 3:2, but there is a recent and disturbing trend for the big casinos to have blackjack tables that only pay 6:5 on tables with a shoe. The casinos are targeting casual players that are not aware of this difference. Be sure to find the tables that pay 3:2! Blackjack pays 3:2.
- Blackjack Betting Strategy 1-2-3-5
- Blackjack Betting Strategy Chart
- Blackjack Betting Strategy 2-1-2
- Blackjack Betting Strategy 1326
A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine.[1] Betting systems are often predicated on statistical analysis.
Mathematically, no betting system can alter long-term expected results in a game with random, independent trials, although they can make for higher odds of short-term winning at the cost of increased risk, and are an enjoyable gambling experience for some people. Strategies which take into account the changing odds that exist in some games (e.g. card counting and handicapping), can alter long-term results.[1][2][3]
This is formally stated by game theorist Richard Arnold Epstein in The Theory of Gambling and Statistical Logic as:
Theorem 1: If a gambler risks a finite capital over many plays in a game with constant single-trial probability of winning, losing, and tying, then any and all betting systems lead ultimately to the same value of mathematical expectation of gain per unit amount wagered.[1]
Examples[edit]
Common betting systems include:
- Card games – Card counting
- Roulette – Martingale
- Sports – Handicapping
Horse racing[edit]
Some Horse racing betting systems can be based on pure statistical analysis of the odds, while others also analysis of physical factors (e.g. the horses' form, jockey form and lane draw). Common forms of betting systems for horse racing are:
- hedging- betting on multiple outcomes in a race
- arbitrage- lay the horse a low price and back it at a high price
See also[edit]
References[edit]
- ^ abcEpstein, Richard A. (2014-06-28). The Theory of Gambling and Statistical Logic, Revised Edition. Gulf Professional Publishing. p. 53. ISBN9780080571843.
- ^Shackleford, Michael. 'The Truth about Betting Systems - Wizard of Odds'. wizardofodds.com. Retrieved 2017-10-09.
- ^Burrell, Brian (1998). Merriam-Webster's Guide to Everyday Math: A Home and Business Reference. Merriam-Webster. p. 226. ISBN9780877796213.
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Blackjack Betting Strategies are quite popular, especially since the game has been featured in hit movies likeRain Man, 21 and The Hangover.
No matter what the game, there is one universal rule; if the casino spreads the game, someone has developed the “perfect” betting strategy.
Roulette strategies are perhaps the most prominent as roulette strategies and systems have been offered for sale for centuries.
As a dealer and a player, I have been able to see and try many of the most famous Blackjack Betting Strategies.
Blackjack strategies don’t change around the world but it is interesting to see different perspectives. A good blackjack resource for Canadians is CanadianCasinos.ca.
Play Blackjack Live Online
Want to try playing blackjack online for real money? We recommened playing with live dealers at Bovada casino (US friendly)
The Two Best Systems
There are two strategies that every player should use every time they take a seat at or swim up to a blackjack table.
Play to Have Fun
Napoleon was a fan of Vingt-un (blackjack) near the start of the 19th century. For more than two centuries, blackjack has grown in popularity to become the most popular casino table game.Mathematicians have analyzed the game, hundreds of books have been written about it, and a number of myths and legends have been created.
Earning a place in the Blackjack Hall of Fame at the Barona Casino in California is the only honorary award for players of any casino table game. There is a reason that blackjack has remained popular for a couple of centuries; it’s fun! There are many varieties of blackjack. Mr. Green offers a great selection of 15 blackjack games by 6 software providers, including Double Exposure Blackjack Professional Series by Net Entertainment, VIP Blackjack by Extreme Live Gaming, and 6-in-1 Blackjack by Felt.
Spin Palace offers a remarkable amount of blackjack games. There are over 40 blackjack games in total on offer. They also offer practice play which is perfect for sharpening your blackjack skills before you start playing for real money. Most of their games are developed by Microgaming which are very popular in English speaking countries like Australia, New Zealand, UK and Canada.
Yes, the game has a really low house edge, which makes it appealing, but it is a very social game, so in many cases, the table wins or loses as a group. This builds comradery and makes it fairly common for players to talk with one another. The social aspect of the game is a very important one to most players.
Bet the Right Amount
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Set up a bankroll before you go to the table. This is your total stake.
As has been mentioned numerous times, blackjack is supposed to be fun. Playing with money you can’t afford to lose (what dealers and players call “scared money”) practically guarantees you won’t enjoy the game.
It is fairly easy to find table limits to fit most bankrolls.
The Martingale – Blackjack Betting Strategies
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The Martingale system originated in 18th century France and is one of the oldest systems around. The original theory was used to prove that someone with infinite wealth could always avoid a loss in even money bets by doubling the best after each loss. Most likely the first casino game where the Martingale system was touted was roulette, but it can also be used in other areas, such as in stock market trading.
You will often see players use the Martingale system at the blackjack table, doubling their wager after each loss. In theory, this strategy sounds solid. However, blackjack is not an even money game. And additionally, players will occasionally run into a bad streak of cards. At a $5 table using the Martingale system if you lose 8 hands in a row, you will be wagering $1280 on your next hand, so unless you are a legendary high-roller, you are probably better off taking the $5 loss.
2-1-2 (Manhattan) Strategy – Blackjack Betting Strategies
Blackjack Betting Strategy 1-2-3-5
One of the common laments one hears from players is the one where they were “way ahead” but gave it all back. These players are the same ones that usually talk about “playing with ‘house’ money.”
Here is a fact: Once the chips are in your stack, they are your chips, not the house’s.
The second most common lament you will hear is a player talking about missing out on a hot streak. The 2-1-2 strategy helps address both.
First, there is no mathematical foundation for “hot” or “cold” streaks at the blackjack table. Mathematicians will tell you (truthfully) that there is no such phenomenon. Blackjack players know they exist.
As a player you want to capitalize on a good run of cards and this strategy has some merits. Start with a 2 unit bet. If you win you reduce the bet to one unit. If you win that bet you increase to 3 units. Once the dealer wins you go back to your original 2 unit bet.
A run of 10 hands could look like this:
Wager Result +/-
- 2 W +2
- 1 W +3
- 2 W +5
- 3 W +8
- 4 L +4
- 2 W +6
- 1 L +5
- 2 W +7
- 3 W +10
- 4 L +6
With the 2-1-2 strategy, players will win a bit more with a hot run yet not sacrifice all of their winnings.
Oscar’s System – Blackjack Betting Strategies
Oscar’s System was proposed in the 1960’s in a book by mathematician Dr. Allan Wilson. It is a fairly decent system. The goal of the strategy is to win exactly one unit per series.
The player starts a series by betting one unit. After a win, the player adds a unit; after a loss, the next bet is exactly the same as the previous one. That’s it.
Here are two examples:
Wager Result +/-
- 1 L -1
- 1 L -2
- 1 W -1
- 2 W +1
Series complete
Wager Result +/-
- 1 L -1
- 1 L -2
- 1 L -3
- 1 W -2
- 2 L -4
- 2 W -2
- 3 W +1
Series complete.
Playing Multiple Spots
Many players feel that playing multiple hands increases their odds of winning. Playing multiple spots can be exciting, but it does absolutely nothing to increase your win rate.
Most of these systems fall under the heading of progressive bets. While these are among the most common, they are by no means the only strategies out there. It is perfectly fine to sit at the table and make the exact same wager every hand. While this strategy is a bit boring for me, if it works for you that is what counts. There is absolutely nothing wrong with taking out a deck of cards and developing your own strategy as well.
Blackjack Betting Strategy Chart
Blackjack Betting Systems in the Long Run
Ok so we’ve covered the popular blackjack betting systems here and highlighted how they are used but are any of them really useful in the long run? The answer is a resounding NO (this article goes into great depth as to why).
Blackjack Betting Strategy 2-1-2
While you might make great short term wins, any betting system will not be a formula for success in the long term. To truly gain an advantage against the casino you must start with learning basic strategy and then moving to card counting.
There are plenty of resources to get started. We recommend:
Blackjack Betting Strategy 1326
- BlackjackInfo’s Blackjack School – A comprehensive free resource that covers both basic strategy and card counting principles.
- Blackjack Apprenticeship – Run by Colin Jones, a professional counter who featured in the blackjack documentary Holy Rollers, this site provides a paid course offering video training material, private coaching and more.
- WizardofOdds – The wizard has some great strategy charts but only for 4-8 decks. If you need more customized charts then BlackjackInfo has a good strategy chart builder.
- HolyMolyCasinos.com – Offers a how to guide on the rules and how to play blackjack as well as other popular casino games.