Blackjack Betting System

Blackjack Betting System

Basically there are three kinds of betting system.

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 m88 asia, 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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History of Blackjack

History of Blackjack

The game of blackjack is originated from French casinos in around 1700 where it was called as “vingt-et-un” (“twenty-and-one”). The origin of this game in US can be traced since 1800. The name Blackjack is given to this game because if the player got a Jack of Spades and an Ace of Spades as the first two cards (Spade being the color black of course), the player was additionally remunerated.

The explanation goes like this, if a particular player have a Jack of Spades and an Ace of Spades as the first two cards, then the player is paid out extra money. So as the Spades is black and the Jack is a important most card this coins the name BlackJack!!

Gambling and casino was made illegal in west from 1850 to 1910. In this period Nevada made it a crime to operate a gambling game, but in early 1931, through a re-legalization, Nevada allowed casino gambling. Now Blackjack became on of the primary games of chance offered t gamblers. In 1978 casino gambling was made legal in Atlantic City of New Jersey.

Roger Baldwin published a paper in the Journal of American Statistical Association titled “The Optimum Strategy in BlackJack”, this is the first recognized effort to apply mathematics in Blackjack in 1956. This paper became very popular. Much further work has been done in this area. Professor Edward O. Thorp in 1962 basic strategy and developed the first card counting techniques. He published his results in a book that became so popular that for a week in 1963 it was on the New York Times best-seller list “Beat the Dealer”.

As this book became much popular the casinos reacted promptly, they quickly changed the rules of the game which gave them even a greater advantage then they have ever enjoyed. This situation was unpredictable and was unwanted to the gamblers, they refused to play the game with the biased rules. The casinos responded by getting back to the old set of rules.

Next few year were quite happening. Many books with more systems devoted to winning blackjack were published. Some of them even proposed to provide enough information to allow the reader to live off the profits of their efforts, such publications like Lawrence Revere’s “Playing Blackjack As A Business” and Stanley Roberts’ also helped to share the wealth with his winning systems in his book “Winning Blackjack”. Soon blackjack began to compete with craps as the most popular casino game in the state of Nevada.

With inception of computer in this field, now it was possible to perform million of hands blackjack simulations, this allowed the players to produce sophisticated game strategies and many scientists, mathematicians, university professors, and other intellectuals began writing books on the game. Now it was a real threat to the casinos, because they were afraid of the latest technologies like computer simulation and the books, this was a potential threat to there margin of profit sbobet casino. To counteract this computer simulated strategies the casinos has now introduced multiple deck games rather then single deck game in 1970.

A living legend of the period indeed worth mentioning was Ken Uston, who used five computers that were built into the shoes of members of his playing team in 1977. The gamblers won over a hundred thousand dollars in a very short time, but one of the computers was confiscated and sent to the FBI. The FBI experts concluded that the computer used public information on BlackJack playing and was not a cheating device. As a result of his astounding success, Uston was barred from at least seven of the major Las Vegas casinos and sued them for violating his civil rights. He was found dead in a rented apartment in Paris in 1987, the cause of death remaining undetermined.

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