Blackjack Betting System
Basically there are three kinds of betting system.
- The Martingale System
- Progressive Betting System - 2 Level
- Progressive Betting System - 5 Level
The Martingale System
This is about 200 year old system, invented in late 17th
century, this system instructs the player to double his or
her bet each time he losses, this system is based on the
assumption that the person will eventually win and he will
recover his profit from the initial wagers.
With a beginning wager of $5.00 you would double your
wager with each loss. IE: $5, $10, $20, $40 $80, etc.
After a win your wager would drop back to $5.00. All
wagers are recovered when you win a hand.
The casino table tends to impose limits to this system to
eliminate the effectiveness. The simple reason as to why
the limits imposition is done is because that after a long
losing streak you will eventually hit the table maximum,
this defeats the purpose of this system. This system also
needs a considerable amount of bankroll to work.
If you started with a $5 dollar wager and lost your first
four wagers and won your fifth, (without double downs or
splitting your cards) you would be a measly 5 dollars
ahead. This is simply not worth it, and if you are losing
multiple hands in a row it is time to leave the table, not
double your wagers. Also, losing double downs or splits
can deplete your bankroll in a big hurry.
Progressive Betting System - 2 Level
This is one on the most simplest and widely used betting
methodologies. This bet limit is decided in two tiers, the
minimum and the maximum. With every loss the smaller
amount is been betted and with every win the maximum is
been placed. For example, say you set your minimum bet at
$10 and your maximum at $50.
Start with a $10 dollar bet. If you win that hand you bet
$50 your next wager. You then continue to bet $50 until
you lose. After any loss you return to your minimum bet of
$10. This is a basic, put solid progressive betting
system.
Progressive Betting System - 5 Level
Here the bet amount is leveled in 5 slabs. This makes the
progression count simpler and easy to understand.
This is another simple, yet effective system, based on a
1,2,3,5 back to 1 progression. Example: For a $5 player,
the betting levels would be $5,10,15, and 25. With this
system you start with your $5 bet and progress to the next
level when you win a hand.
If you lose a hand you drop back down to your original $5
wager. If you win four hands in a row you should then drop
back down to your original $5 wager, hence the 1,2,3,5
back to 1 progression.
Lets say you lose your first three hands and then win your
next three. Assuming a starting wager of $5 you would be
ahead $15 at the end of six hands. If you were betting an
equal amount on each had you would be even. This system is
rewarding when you experience winning streaks but still
doesn't kill you with losing streaks.
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