Today we are going to talk a little bit about using how to handle your wins and losses in regards to your blackjack bankroll. What do you do with your winnings once you get them?
I know your first response is to keep them, but stop and think for a moment. Do you really pocket your winnings? Most blackjack players do not. In fact, most casino patrons do not. They will turn around and immediately reinvest their winning in their bankroll.
And there is nothing wrong with this. However, it is counterproductive to making a profit in blackjack.
There is a blackjack myth that says that you can change the flow of the cards by playing two hands. You will see this happen at a blackjack table when a player suddenly switches from one hand to two, or two hands to one
This morning I wrote about the Labouchere negative progression betting system that unknowing blackjack players will use in place of a good betting strategy.
The use it because they come across one of those article-generating sites in which the people writing the articles do not always understand the finer points of their subjects. In the case of the article I saw today, it said that the best way to bet in blackjack was to use a betting system.
This is simply not true. Betting systems limit how a player makes their wagers in a game of blackjack. These systems are also based on principles that go against the essence of blackjack.
Now we are going to look at the Paroli betting system.
This is a positive progression system, meaning that it works based on wins. If you win a hand, you would double your wager on the next round. You would keep doubling until you lose a round and then return to the amount of your original wager. Take a look:
If you were to wager $20 and win, you would wager $40 on the next round. If you win that round you would wager $80. But if you lost, you would return to the original amount of $20.
The Paroli betting system is said to make the most of a winning streak. Unfortunately there is no way to predict how long a winning streak will continue. This can result in a very heavy loss if you lose a round after several successful wins. Imagine in the above example winning five rounds and wagering $320 only to lose that $320.
The problem with the Paroli betting system is that it is based on winning, and is meant to be used in a casino game in which the house has the advantage. Players can only expect to win around 48% of their blackjack games.
So if you have less than a 50% to win why would you use a betting system based on winning?
Card counting is one of the many skills that blackjack players want. Whether because they saw it in a movie and thought it looked cool is beside the point. Card counting is one of the pieces of blackjack strategy that can increase players
When looking at online casinos many of them have little sections on their sites with information about their casino games and casino games in general. Not always, but fairly often casinos will actually give players tips on how to play, say, blackjack and tips for blackjack strategy.
Now what is funny to me is that there are some players out there who blindly follow those tips on how to play blackjack and for blackjack strategy. Stop and think about that. You want to follow the tips on how to play better
Card counting has always had this glamorous image in the blackjack world. It is considered the cr
Some players are die hard about insurance and blackjack. They insist on insurance remaining a part of their blackjack strategy.
It has been explained numerous times why insurance is bad for your blackjack odds.
For one thing it is a side bet. Side bets were created with the purpose of squeezing even more money out of players. The best you can do with insurance is break even. In other words you wager an additional $5 on a $10 wager just to hang on to your $10. It is still more money on the line, which is another opportunity for you to lose money. Losing money is bad for your blackjack odds and will lower them.
For another thing the only way to win an insurance bet is for the dealer to have that 10 for a hole card and to therefore have a natural blackjack. Hoping to win an insurance wager is hoping for the dealer to win the round. And there is something just wrong about hoping for the dealer to win.
Finally there are the blackjack odds of the dealer having a 10 card and the money involved in those odds.
A dealer only has a 31% chance of having a 10 card for a hole card. That is only four times out of thirteen: 10, Jack, Queen, King. The other nine out of thirteen, or 69%, of the time the hole card will be any other card.
Now we are going to say that you are wagering $10 per hand, which makes insurance $5 each time. In terms of money this means that you could expect to win $40: four times $5. So if there is a nine in thirteen odds that the card is anything other than a 10 card it means that you will lose $45.
So you see, by taking insurance you are hurting your own blackjack odds and losing more money that you would not have to. Insurance makes for bad blackjack strategy.
A good many blackjack players do not think twice when in a brick and mortar casino about what sort of shuffling is happening at their table. This is especially true of novice players who do not understand how shuffling impacts their blackjack odds.
And it is true, something as with seemingly as little consequence as a shuffle machine can indeed impact a player
Over the weekend a question related to blackjack strategy and insurance came in. I was asked if it was possible to work insurance into one
There are any number of blackjack card counting systems out there, ranging from complex to simple. Obviously if you have decided to begin learning card counting it makes sense to start with an easy system. Then, once you have become skilled at using that system, learn a newer more complex one if you would like.
The easiest blackjack card counting system is also one of the most common. It is called the Hi Lo system, and it is the one that the majority of beginning counters start with. It is a basic counting system whose only demand on your math skills is to add and subtract a positive one and a negative one.
Almost all of the cards have a positive or negative counting value assigned to them. The only cards that do not are 7, 8 and 9. Those three are considered neutral and have no value in this counting system. The other cards are assigned like so:
2, 3, 4, 5, 6 are all +1
10, J, Q, K, Ace are all -1
The way this system works is that the player will add up the values of the cards that are on the table, including the dealer