Word on Blackjack Betting Strategies

I’m sure in your time online, while either searching for a good online casino or looking for blackjack tips (always abide by basic strategy, by the way), you’ve seen multiple theories on betting strategies. And, I’ll be honest, I’m not a fall really of them. I rather like my card counting. However, that’s pretty much useless when playing online blackjack. So what’s a blackjack player to do?

Well, there is a couple betting strategies that we can look over.

First, let’s look at the Martingale approach. In this betting strategy for every hand that you lose you increase your bet by a hundred percent. The only time you return to your original bet is when you’ve won a hand. In other words, this strategy is aimed at trying to beat losing streaks. Obviously you need a large bankroll to handle this one though, which could be a downside to using this strategy. Let’s say you are playing at a $10 table, and you’ve lost the first nine hands. That means on the tenth hand you would need to bet $5120. And there’s no guarantee that you would even win that hand. Seems to me that in using the Martingale approach you stand to lose a fair amount of money—more than I would personally be comfortable with. And if your bankroll isn’t outstanding to begin with, you could have a short night in playing blackjack. However, there is a definite benefit to winning back what you lost and making quite a gain too. Let’s say that you won that tenth hand with a natural blackjack—your payout would be $7680.

Now let’s look at the Paroli blackjack betting strategy. Whereas, Martingale seeks to overcome a losing streak, Paroli seeks to make the most of a winning streak. This is accomplished by doubling when you win a hand, but you return to your original amount once you lose a hand. This betting strategy doesn’t require a large bankroll, which is nice for those who don’t wish to risk a lot. Using the same scenario as above, after nine hands you will have only lost $90. But, despite this method being safer risk-wise, it doesn’t seem to me to have the high yield potential that the Martingale method does.

Mostly it comes down to your own personal thoughts towards blackjack and gambling in general. Are you a glass half full or a glass half empty sort of person? Me, I will admit that I’m the half empty sort. I approach blackjack with the mentality that I have a greater chance at losing. I’ve heard that this is smart, as players who believe that they can’t possibly lose tend to be over-confident and lose more.

It never hurts to try both methods in an online casino’s free play version. This way you can try both methods and see which one seems to suit you better. I believe that if you’re willing to risk and the bankroll, the Martingale has a better chance of giving you a larger payout, even though the Paroli is a safer methods. But nothing ventured, nothing gained, right?