Blackjack Betting Amount Strategy
One of the most often asked questions from players about blackjack strategy, is 'how should I bet?' You've got severaloptions and I'll discuss them in this article and offer my recommendation.
- Blackjack Betting Amount Strategy Definition
- Blackjack Betting Amount Strategy Games
- Blackjack Betting Amount Strategy Tactics
- Blackjack Betting Amount Strategy Against
- The 1-3-2-6 blackjack betting system is an interesting strategy. With this system you are risking a small amount to win a much larger amount, if you complete the betting cycle. You can lose 6 times at the worst level, the second bet, and still completely cover yourself by winning all 4 bets of the cycle one time.
- When speaking of the actual bet made at blackjack with a betting progression, the term always used is unit. A unit is always equal to one minimum bet at the blackjack table. For example, when the minimum bet at a blackjack table is $5 then one unit equals $5.
Flat Bet Blackjack Strategy
This means betting the same amount all the time. Most players don't like to bet this way because they figure if the dealer wins more hands then them they'll never win any money. Also, playersfeel it's boring betting this way. They prefer the thrill of sometimes betting more in the hopes that when they do so, they will win the hand and make a nice profit.
The reason casino blackjack tables have a maximum bet is exactly to counter the Martingale strategy. For example, a $10 minimum Table typically has a $500 maximum. Playing the Martingale strategy, if you lose only 6 hands in succession, then you would need to bet above the maximum on the 7th hand in order to keep the cycle going until you win.
Here are the facts on the flat betting blackjack strategy. If you bet say $5 on every hand in a standard multiple deck game the house will have an edge of 0.5% against theskilled basic strategy player. That means you will lose on average 0.5% of every wager you make. So if you bet $10 on every hand and average 80 hands per hour you will have made a total of $800worth of bets. The casino expects to earn 0.5% of the $800 or $4.00. Of course, the more likely result is that you'll win or lose much more than $4 after an hour of play. But on average you canexpect over time to lose at the rate of $4 per hour.
Let's take an example of a player flat betting $10 on every hand. It's is a conservative betting strategy that leads to a relatively low theoretical loss rate. The fluctuation in this player'sbankroll will also be low which means the likelihood he'll have a big winning or losing session is not great.
Watch 'Why You Should Never Make the Blackjack Insurance Bet with Blackjack Expert Henry Tamburin' (March 2016)
In this video blackjack expert Henry Tamburin explains why a basic strategy player should never make an insurance bet. He gives details on three different situations that a player may encounterand why he considers blackjack insurance to always be a sucker bet.
Progressive Betting Blackjack Strategy
This is where things get interesting. The Progressive betting blackjack strategy is when players vary their bets in some way from one hand to the next rather than alwaysbetting the same amount on every hand. There are all different types of betting progressions but they all have one common denominator. You either decrease or increase your next bet dependingupon whether the hand you just played won or lose.
Win progressions encourage you to increase your bet size after a winning hand. For example, you make a minimum bet of $10 and if you win, you raise your next stakes on the hand to $20.
There are all different kinds of win progressions. The most common is a 1-2-3-5 progression. This means you increase your bet by the above multiples after each winning hand butas soon as you experience a loss, you start the progression over with a 1 unit bet.
Proponents of win progressions will tell you that you'll win more money if you win 5 consecutive hands compared to the amount you lose if you lose 5 consecutive hands. Of course, what theydon't tell you is that you never know when that 5 consecutive winning hand streak will occur.
There are also betting progressions in which you increase your bet following a loss. These Martingale type betting progressions are dangerous and you should never consider using them.
There are also hybrid betting progressions, which have you increase your bets following a win, but after two or three success wins you lock up some profit and gradually regress your bets. Thecreativity of progressive bettors is never-ending.
First of all, the blackjack strategy for betting progressions does not change the 0.5% house edge one iota. There has never been a correlation between the hand just won (orlost) and your chance of winning the next hand. In other words, using the criteria of the result of one hand (W/L) to base how you bet on the next hand has no scientific validity. So bettingprogressions, in the long run, don't work in the sense that they won't improve your long-term chances of winning.
But here's what betting progressions will do. First off they increase the fluctuation in your session bankroll compared to flat betting. This means you can win more using abetting progression compared to flat betting but you can also lose more. Secondly, betting progressions will increase the amount of money you wager per hour compared to flat betting. If a $10bettor uses a 1-2-3-5 betting progression, his average bet will $20. Over an hour he will average $20 times 80 hands or $1600 worth of bets. The casino's expected win is 0.5% of $1600 or $8. Inother words, a $10 progressive bettor stands to lose twice as much per hour as a $10 flat bettor.
Here's a tip to save you some money in the long run if you insist on using a betting progression. Instead of starting your progression at $10, start at a lower amount (ie. $5). This will reduceyour average bet to $10 per hour and cut your hourly theoretical loss rate in half.
But in the long run flat betting and betting progressions don't work in the sense they won't change the house edge against you and you will lose in the long run. So what betting system works?That, my friends, is card counting.
Betting When You Have The Edge (Card Counting)
With card counting, you know when you have the edge based on the change in the composition of the decks and therefore you'll know when it's the right time to bet more. Sounlike betting progressions that are based on whether you win or lose the previous hands, card counting is based on the mix of cards that were played on previous hands. If more small valuecards were played in previous rounds, there are more big value cards left in the unplayed cards, and the edge shifts from dealer to the player. This would be the best time to bet more.
But I'm a realist. Not a whole lot of average blackjack players have the time or mental concentration during play that is required to master one of the popular point count cardcounting systems. These are readily available in blackjack books. But even though millions of blackjack books have been sold since Ed Thorp's classic book, Beat The Dealer (circa 1962) firstrevealed card counting to the masses, the number of players who can successfully win money in the long run at blackjack number in the hundreds and thousands.
So what's the answer to betting at blackjack for the average player? I asked Don Pronovost that same question about four years ago. Don is a software developer that markets blackjack trainingsoftware. He spent the better part of two years and a trillion computer simulated hands looking for the solution to this dilemma. What he developed is Speed Count.
Speed Count is unlike any conventional card counting system. It's much simpler to master and requires much less concentration when you play. And unlike progressive betting systems, Speed Countwill give you a verifiable advantage over the casino You can read about Speed Count in Frank Scoblete’s book, Golden Touch Blackjack Revolution.
Now that you know the scoop on betting at blackjack, I wish you many aces and faces the next time you play.
Henry Tamburin has been a respected casino gambling writer for the past 50 years. He is the author of theUltimate Blackjack Strategy Guide and was editor of theBlackjack Insider newsletter. You can read his latest articles on blackjack, video poker, and his personal playing experiences at https://www.888casino.com/blog/writers/henry-tamburin
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If you ever find yourself in the circle of lovers of this casino game, then you’ll probably learn a thing or two about all the different bets you can place. Also, you’ll most likely be exposed to different blackjack progressive betting strategies, so it won’t hurt if you know what this means. This system teaches you how and when to increase or decrease your wager. In the most general sense, there are two types of progressive betting strategies:
- Positive progression — if you were to follow this, then you’d bet more after each win. With this, players want to maximize their profit and minimize their losses.
- Negative progression — this one includes raising your wager after each losing round. It strives to lessen the effects of losses.
Now that you’re acquainted with this, we can delve deeper into the most popular systems you can follow. However, before we start, we should put a disclaimer of some sorts — no matter which strategy you use, it cannot help you determine the outcome. They can only help you plan your bets accordingly before you start playing. In the end, nothing can exert an impact on the results.
The Martingale System
One could trace the roots of the Martingale system back to 18th century France. It has withstood the test of time, as evidenced by the fact that most novice players have heard about it. The overarching strategy is the following: it’s inevitable that you’ll face losses while playing blackjack. However, at some point, you’re bound to win. So why wouldn’t you double your wager until you emerge as a victor? Of course, some experts might suggest that believing in this might be the prime example of the gambler’s fallacy, but to each their own.
What’s more, you’ll notice that some blackjack players opt to adhere to this betting system. They increase their wager by 2, hoping that they’ll recover all the squandered money. In theory, this sounds appealing and seems like a plausible solution. But in practice, it comes with certain risks. Let’s say that you decide to play at a $5 table and abide by this strategy. As you might know, it’s easy to lose 8 hands in a row, so this means that, during the 9th bet, you’d actually be required to bet quite a substantial amount — $1,280.
If you’re not a high roller, then this professional blackjack betting strategy might not be the best solution.
Blackjack Betting Amount Strategy Definition
The Oscar’s Grind
Blackjack Betting Amount Strategy Games
Moving onto another blackjack betting system — the Oscar’s Grind. It was created back in 1965 and mainly applied to the game of craps. Nevertheless, it started spreading to other games as well, including blackjack. It abides by the following this notion: all of your losing streaks will be countered by one winning hand. If this turns out to be true, then you’ll decrease the amount you’ve lost and get a payout, albeit a small one. However, no one can guarantee that this will happen, as the outcome is unpredictable.
So before you toy with the idea of using this system, you should contemplate your betting range. You’ll need to commence with a minimum bet and gradually increase it throughout the game — if you win, that is. It’s recommended you start with a wager that isn’t too high. Let’s say you decide to place $1. If you lose, then you won’t need to change the bet amount. However, if the third round turns out to be the winning one, then you should bet $2 on the following one. Another win increases the wager to $4.
Also, you should stop the moment you have a profit of 1 unit. As with the Martingale, you should use the Oscar’s blackjack betting strategy at your own risk.
Blackjack Betting Amount Strategy Tactics
The Manhattan System (2-1-2)
Blackjack Betting Amount Strategy Against
Some players believe in the existence of hot and cold streaks. You might even hear some of them lament that they’ve failed to make use of a hot streak. Of course, experts would assure you that this phenomenon doesn’t exist and that you should just enjoy the game itself. Well, it seems that the proponents of the blackjack betting strategy 2-1-2 side with the players on this issue and want to help them win real money.
So how does it all go down here? Well, as you might have inferred from its name, players begin by wagering two units. For instance, they can place $2. In case of a win, they don’t need to increase their bet — they actually decrease it by one unit. So the next one amounts to $1. And if this streak follows them, then they can wager $3. Each consecutive win after that, the players should increase their bet size by one unit. And if during the game, the dealer wins, then those following this system should return to their initial bet. The theory is that you should capitalize on your fortune until it starts declining.
The 1-2-3-5 Strategy
The progressive betting systems are quite prominent in blackjack. During a game, a bet could vary from one round to another — it never remains the same. There are different types of wagers here, but they all share one similarity. In other words, you’ll either increase or decrease the bet depending on whether you’re experiencing wins or losses. If you’re prevailing, then you’ll raise the amount of your wager after each hand. For instance, if you begin with $10, then you’ll put $20 during the next round.
Of course, there are different patterns that you can follow, and one of them is particularly well known — blackjack betting strategy 1-2-3-5. If you decide to try it out, then you’ll increase your wager following this pattern. However, the moment you lose, you’d go back to your initial 1 unit bet. Those who are in favor of this will try to convince you that you’ll get more money during those 5 consecutive winning rounds then you’ll ever lose in 5 losing ones. However, they fail to tell you that you can’t know when you’ll win.
The 1-3-2-6 System
Following the previous one, we would be remiss not to mention the blackjack betting strategy 1-3-2-6. Like the above-mentioned one, it’s simple to learn, and you won’t face any difficulties in implementing it. In essence, you can use it for other casino games as well, but it’s primarily popular in blackjack.
Basically, if you want to try it out, you need to opt for the initial wager. But bear in mind that this will serve as 1 unit in the sequence, so maybe choosing the lowest amount would be the best option. And once you’ve done this, you can start wagering. Naturally, if you win at blackjack, then this will lead you to increase the bet as per the sequence. And once it ends, you’ll need to go back to your starting stake. Additionally, this blackjack betting strategy differs from, say, the Martingale in the sense that you only need to keep increasing the amount if you’re successful. This way, you might recover all the lost money either in a land-based or an online casino.
Betting Strategy for Hi-Lo and Knockout Card Counting
The hi-lo and knockout card counting players have different approaches to wagering. Some say that you might increase your chances by adjusting your bets. And if you want to be successful, you should determine the true count by dividing your running one by the number of decks that are still remaining in the shoe. Then, you should wager the minimum amount when the true count is at 1, and then increase it when it is at 2. As the true count increases, so does your wager. And once it returns to 1, then you should return to your initial bet.
So before the game starts, you should select the wagering unit that you can use once you employ this blackjack betting system. Your betting unit increases as per the count. Also, always be aware of your bankroll and adjust your wager accordingly. The maximum wager, some say, should be 4 times your initial unit. Just make sure to be present in the game so that you could keep track of the count and your bankroll. Additionally, you can adopt this approach as your knockout blackjack betting strategy as well.
Practice Makes Perfect
Now that you’re familiar with a number of strategies, you can start practicing and opting for the ones you find to work the best for you. However, always bear in mind that there are more blackjack betting systems than actual strategies. After all, they don’t predict the outcome — they just tell you how to bet.
Nevertheless, if you want, you can try out some of the blackjack card counting strategies (which even help you beat the house edge) and see how far you’ll get. Who knows, you might even become a proponent of some of them or end up disappointed. Either way — good luck!