The worst blackjack betting strategies
Win with this perfect blackjack betting strategy
Lesson description
Find out which betting systems will give you the worst losses and the signs to spot these types of flawed strategies, with Mr Blackjack.
There is a story that you will probably hear going around about this guy that had a sure-fire way to make $100 every day for life playing blackjack at a casino in Vegas. I think of this as the big fish story.
He caught a fish this big with a tiny worm. For that strategy to work, you need 10,000 worms to guarantee that big fish every day.
This guy would go to the casino and bet $100. If he lost that, then $200. If he lost that $400, then $800, $1,600, $3,200, $6,400, and so on. If he wins, awesome! He made $100, and he can go home up to $100 for the day.
But what did he risk to win that $100? $12,700. So for this reason I believe the Martingale system to be the worst progressive strategy out there. You have to risk so much money in return for small rewards that you need a rock-solid mental game to stop yourself from tilting.
On the flip side, there's another story about a retired guy that cashed his pension check at the casino every two weeks. He would show up on a Friday. The casino would cash his check for him and he would bet it all on one hand. He was independently wealthy, so this might give you an indication as to why at the end of the story.
He would wager his entire $400. If he won, he let it ride.
He won so many times in a row that he was up to $1 million in the betting circle. The pit bosses and security were watching. All the tables had stopped dealing because everyone in the casino was watching this old guy play.
He had over $1 million in the betting circle, and the dealer flipped over a winning hand. They asked the guy, 'Why’d you do it? Why didn’t you quit?'
He replied, 'I love playing more than I love money.'
Why am I telling you this? Because eventually, you will lose a hand. The strategy of stacking your chips over and over again will eventually result in a loss.
Avoid strategies that make you exponentially stack your bets without any consideration of your advantage or strategy in the game. You may walk away with a payout, but it relies on you being lucky and having a big bankroll.
What this lesson covers
- Signs for betting strategies to avoid
- Why you should avoid them
- Betting strategy myths to ignore
Meet Mr Blackjack
With a career spanning two decades, Mathieu Blake knows his way around a blackjack table. He's taught and entertained over 100,000 subscribers on his YouTube channel NeverSplit10's . In this series he'll take you through basic strategy, card counting, and bankroll management. Take a seat with Mr Blackjack and become a winning player.
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FAQs
- If betting systems don’t work, should I keep to flat betting?
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Flat betting is not an advisable long-term strategy in blackjack. Given the casino has the edge in blackjack, flat betting will result in you losing money in the long run. You should increase your bets when you have the advantage in blackjack.
- Why are betting strategies so popular if they don’t work?
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Some players want to trial strategies from other games like roulette or craps in card games. Most beginners to blackjack though are looking for simple tactics that will help them win more. Betting strategies persist for this reason.
- Can casinos ban you for winning too much?
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Casinos are private property, meaning they have the right to ban you from entering. While a casino won’t ban you for winning a jackpot, they might restrict your access if they catch you card counting and winning too much from them. Mr Blackjack discusses how casinos beat card counters in more detail in season six.
- Can I apply betting systems to side bets?
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You can, but it would be an unwise decision. The odds on a side bet landing are lower than you winning at blackjack.
- Will online casinos block you from winning too much on betting strategies?
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An online casino will not block you or withhold winnings on betting strategies, unless there is a malfunction in the game.
- Is there any scenario when betting system works in blackjack?
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Only when you become an advantage player should you consider betting systems. This means having perfect blackjack strategy and solid card counting skills. Even then, most blackjack professionals adapt part of a betting system to their gameplay style.
- Who invented betting systems in blackjack?
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Most betting systems were created by game theorists or mathematicians. These strategies are usually based on statistical analysis, and cannot influence the long-term results of the game.