Hot Streak Blackjack Strategy (by Pete Caldwell)

November 19th, 2012 at 4:16:58 AM permalink
Kostakisplus
Member since: Nov 19, 2012
Threads: 1
Posts: 1
Anyone has ever played this strategy? So far I have been using it with good results, I wonder if someone can run it through a simulator to see if it is profitable in the long run. I know that betting strategies are considered a mistake and that they all lose at the end. Could this be different, depending of course on the player behavior (respect of stop limits, money management, etc..). Here is the site of the guy that is presenting his book and strategy: http://www.blackjacksuccess.net
November 19th, 2012 at 4:37:12 AM permalink
rainman
Member since: Mar 28, 2012
Threads: 14
Posts: 849
If it worked, he would be using it and not trying to sell it to you.
November 19th, 2012 at 6:38:17 AM permalink
kewlj
Member since: Apr 17, 2012
Threads: 123
Posts: 1596
Quote: Kostakisplus
Anyone has ever played this strategy? So far I have been using it with good results, I wonder if someone can run it through a simulator to see if it is profitable in the long run. I know that betting strategies are considered a mistake and that they all lose at the end. Could this be different, depending of course on the player behavior (respect of stop limits, money management, etc..). Here is the site of the guy that is presenting his book and strategy: http://www.blackjacksuccess.net


There is no betting system that will overcome a negative expectation or disadvantage. Period! The sooner you learn and accept this concept, the better off you will be and you will waste less time and/or money. In this instance you acknowledge you know this by basically stating it, but then in the very next sentence, ask "could this be different?" WHY? What makes this different? I see nothing and in the absence of anything substantial that makes this different you are chasing the definition of insanity....doing the same thing over and over again, while expecting a different outcome.
I measure the results of each session in EV rather than money actually won or lost. That way every session is a winning session and in the end the two will come back in line with each other.
November 19th, 2012 at 7:05:17 AM permalink
DJTeddyBear
Member since: Nov 2, 2009
Threads: 143
Posts: 8155
The piece of the puzzle you're not seeing is that there are two (or is it three?) betting strategies presented, and you use card counting to know when to switch strategies.

To my uneducated mind, it at least sounds like it has a chance. Personally, I've always thought that riding a streak was important. But knowing when a streak was happening, end ending, was important too.

Does his system really work? I don't know.
Superstitions are silly, childish, irrational rituals, born out of fear of the unknown. But how much does it cost to knock on wood?
November 19th, 2012 at 8:08:24 AM permalink
Buzzard
Member since: Oct 28, 2012
Threads: 85
Posts: 6398
" It is a common sense approach for maximizing profits in any session, whether it is hot, cold, neutral, or a combination of the three. "

Gee, even John Patrick advised leaving the table when the dealer was hot ! But now I can win even when I am losing. WOW !
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
November 19th, 2012 at 8:14:18 AM permalink
Buzzard
Member since: Oct 28, 2012
Threads: 85
Posts: 6398
It is available on Amazon in a kindle book. Has 2 reviews. The first is 2 years ago and the standard I love this book first review. 3 months later is the only other review. It ends with " I want my money back ". LOL

It is 6 whole pages long. Including a cover page and charts.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet