Niju
Niju
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March 15th, 2014 at 11:26:12 AM permalink
Hello all, new here, have the wizards gambling 102 and been quietly lurking for a while now. I'm a very recreational player, very low bankroll. Almost mastered basic strategy thanks to the wizards shortcuts and have spent the last few months playing free online blackjack to test things.

My question, perhaps a silly one, is what would you suggest I do bet wise? I am still getting to grips with all the terms you guys use so I'll give an example:

Say a BJ game with £2 ($2) minimum bet, would it be best always sticking to that? Is that flat betting? The reason I ask was that I was experimenting with what I now find is almost the parotti method. But I was betting £2, then with a win up to £3, basically go up an increment after a win and back down to minimum on a lose but also back to minimum after a push and blackjack. Does this make any sense to do this or should I just stick to minimum bets all the time?

Looking for some clarification. :)
dwheatley
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March 15th, 2014 at 11:30:08 AM permalink
The less you bet the better, so flat betting the minimum is the best option if you get your gambling enjoyment just from playing.

However, it seems like you are looking for a bigger win every now and then, so your little progression will probably give you some extra excitement without too much cost. The result will be more big wins, less small wins, and more small losses compared to flat betting. Overall, you will lose more money, since you are betting more. But if you like it and can handle the costs, you should do what's fun for you.
Wisdom is the quality that keeps you out of situations where you would otherwise need it
GWAE
GWAE
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March 15th, 2014 at 11:32:55 AM permalink
Quote: Niju

Hello all, new here, have the wizards gambling 102 and been quietly lurking for a while now. I'm a very recreational player, very low bankroll. Almost mastered basic strategy thanks to the wizards shortcuts and have spent the last few months playing free online blackjack to test things.

My question, perhaps a silly one, is what would you suggest I do bet wise? I am still getting to grips with all the terms you guys use so I'll give an example:

Say a BJ game with £2 ($2) minimum bet, would it be best always sticking to that? Is that flat betting? The reason I ask was that I was experimenting with what I now find is almost the parotti method. But I was betting £2, then with a win up to £3, basically go up an increment after a win and back down to minimum on a lose but also back to minimum after a push and blackjack. Does this make any sense to do this or should I just stick to minimum bets all the time?

Looking for some clarification. :)



There is no betting system that will make you win or lose any more or less.

To be honest with you. When I play blackjack I increase my bets after a win as well (When I am not counting). I only do this because I like to get some bigger bets out there. If you flat bet $2 then you are never going to make any money. If you get a hot shoe and are pressing your bets then you can make nice money. Just beware that if you got 2,3,4,5 you have to win at least 3 in a row to make money. If you keep going 2 wins then loss you will go broke. I personally like to go 1, 1, 2, 3, 3, 4, 5, 5. Also why go back to 1 after a BJ? It is a win so you should keep going. I also like to go back 1 step on a push.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
1BB
1BB
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March 15th, 2014 at 11:45:00 AM permalink
Quote: Niju

Hello all, new here, have the wizards gambling 102 and been quietly lurking for a while now. I'm a very recreational player, very low bankroll. Almost mastered basic strategy thanks to the wizards shortcuts and have spent the last few months playing free online blackjack to test things.

My question, perhaps a silly one, is what would you suggest I do bet wise? I am still getting to grips with all the terms you guys use so I'll give an example:

Say a BJ game with £2 ($2) minimum bet, would it be best always sticking to that? Is that flat betting? The reason I ask was that I was experimenting with what I now find is almost the parotti method. But I was betting £2, then with a win up to £3, basically go up an increment after a win and back down to minimum on a lose but also back to minimum after a push and blackjack. Does this make any sense to do this or should I just stick to minimum bets all the time?

Looking for some clarification. :)



Hello to you. Yes, what you describe is flat betting. You raise your bets when you have the advantage, which you can only determine by card counting. Otherwise, after the usual ups and downs, you will lose a percentage of your total money bet that will equal the house edge. That's with absolutely perfect basic strategy. Every mistake, no matter how small, raises that house edge against you.

Is this game dealt from a machine of any type. A CSM (continuous shuffle machine) perhaps?
Many people, especially ignorant people, want to punish you for speaking the truth. - Mahatma Ghandi
FleaStiff
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March 15th, 2014 at 12:28:42 PM permalink
At teh one pound increment level, the casino doesn't care what you do. So if its a burden for you to keep track, just do the lousy two pounds and stick to it. If its fun for you to do the one pound increments then do it.

If you try to vary your bets by very substantial amounts they will think you a possible card counter who bets real big only when it is in his favor.
BleedingChipsSlowly
BleedingChipsSlowly
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March 15th, 2014 at 1:38:04 PM permalink
Quote: Niju

... Almost mastered basic strategy thanks to the wizards shortcuts ...

My advice is to flat bet the minimum until you have mastered basic strategy without shortcuts playing in the casino. There will be ample opportunities for splits and double-downs to deplete your limited bankroll, no need to wind up in a situation where you can't opt for the recommended play because of bad luck combined with some other betting strategy. When the right play for every hand becomes reflexive that's when you can consider spicing up play by varying your bets. When that time comes I recommend taking a look at Wizard's The Ace/Five Count.
“You don’t bring a bone saw to a negotiation.” - Robert Jordan, former U.S. ambassador to Saudi Arabia
Niju
Niju
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March 15th, 2014 at 5:33:27 PM permalink
Thanks for the tips & feedback guys! I've been trying the free online casino versions mostly which I think are continuously shuffled.

I'll stick to flat betting for now with the occasional win bet increase for spice. Like I said, I'll start very small & if money starts to be made then I might increase, I enjoy the game more than anything & tend to quit when I'm 50% above or below my starting money. :)
GWAE
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March 15th, 2014 at 6:28:33 PM permalink
Quote: Niju

Thanks for the tips & feedback guys! I've been trying the free online casino versions mostly which I think are continuously shuffled.

I'll stick to flat betting for now with the occasional win bet increase for spice. Like I said, I'll start very small & if money starts to be made then I might increase, I enjoy the game more than anything & tend to quit when I'm 50% above or below my starting money. :)



If you stop at +/- 50% then would it not be easier to start with half the money and quit at 0 or double?
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
SkittleCar1
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March 15th, 2014 at 6:51:40 PM permalink
Quote: Niju

Thanks for the tips & feedback guys! I've been trying the free online casino versions mostly which I think are continuously shuffled.

I'll stick to flat betting for now with the occasional win bet increase for spice. Like I said, I'll start very small & if money starts to be made then I might increase, I enjoy the game more than anything & tend to quit when I'm 50% above or below my starting money. :)



I like to practice by dealing my own games. Get eight decks of cards, chips, and deal to like 5 or so different "players." Play all the hands. I think you get a better true to life run through the cards. You'll get the strategy down even better, and you'll even find out what dealing is like! :-)
Lemieux66
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March 15th, 2014 at 7:15:56 PM permalink
Quote: SkittleCar1

I like to practice by dealing my own games. Get eight decks of cards, chips, and deal to like 5 or so different "players." Play all the hands. I think you get a better true to life run through the cards. You'll get the strategy down even better, and you'll even find out what dealing is like! :-)



Who's blowing smoke in your face? Lol
10 eyes for an eye. 10 teeth for a tooth. 10 bucks for a buck?! Hit the bad guys where it hurts the most: the face and the wallet.
SkittleCar1
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March 15th, 2014 at 7:19:32 PM permalink
Haha! I suppose you could also get one of the awful candles that smells like old ladies and burn one of those.
Niju
Niju
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March 16th, 2014 at 12:48:54 AM permalink
Quote: GWAE

If you stop at +/- 50% then would it not be easier to start with half the money and quit at 0 or double?



Quite possibly lol. I'll see how it goes. :)
kewlj
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March 16th, 2014 at 1:03:22 AM permalink
Quote: GWAE

There is no betting system that will make you win or lose any more or less.

To be honest with you. When I play blackjack I increase my bets after a win as well (When I am not counting). I only do this because I like to get some bigger bets out there. If you flat bet $2 then you are never going to make any money.



First sentence is good advice. :) If you really have the need to increase at some point JUST to get more money out (and are not counting), you would be best to increase after a loss rather than a win. After a loss, you have a hair higher percent chance of winning. Like .01% percent or some small meaningless fraction. The reason has nothing to do with being 'due' for a win or anything like that. I suspect it is tied to the fact that some dealer win, occur with the dealer pulling those 4, 5 and 6 card 20's and 21's that seem to happen all to frequently. Even though you are not counting, all those little cards hitting the felt, means they are not in play for the next hand, and the players chances are just slightly better, or more accurately, slightly less negative, on the next round. Again, this amount is insignificant...not enough to base any kind of betting system on.
Niju
Niju
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March 16th, 2014 at 1:16:49 AM permalink
Wouldn't that be the martingale system though, which I am pretty sure is to be avoided from my readings?
kewlj
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March 16th, 2014 at 1:27:33 AM permalink
Quote: Niju

Wouldn't that be the martingale system though, which I am pretty sure is to be avoided from my readings?



The martingale has you continuing to progress or bet more. I understood GWAE as saying he did a one time increase, like maybe instead of his $10 normal bet, he would occasionally bet $15 after a win, but then revert back to $10, unless he kept winning. And again, I am not advocating doing this in any form, but if you feel you must, there is that hair, extra, yet still insignificant, advantage after a loss, rather than a win.
Niju
Niju
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March 16th, 2014 at 4:05:17 AM permalink
Ah right I get ya, I'll experiment with that.
Sonuvabish
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March 16th, 2014 at 6:49:53 AM permalink
Quote: Niju

Hello all, new here, have the wizards gambling 102 and been quietly lurking for a while now. I'm a very recreational player, very low bankroll. Almost mastered basic strategy thanks to the wizards shortcuts and have spent the last few months playing free online blackjack to test things.

My question, perhaps a silly one, is what would you suggest I do bet wise? I am still getting to grips with all the terms you guys use so I'll give an example:

Say a BJ game with £2 ($2) minimum bet, would it be best always sticking to that? Is that flat betting? The reason I ask was that I was experimenting with what I now find is almost the parotti method. But I was betting £2, then with a win up to £3, basically go up an increment after a win and back down to minimum on a lose but also back to minimum after a push and blackjack. Does this make any sense to do this or should I just stick to minimum bets all the time?

Looking for some clarification. :)



The best thing you should do is not play. The second best thing to do is flat bet the minimum. I have never heard of a parotti method. Are you talking about a pareto analysis? Your system is common streak betting, and is illogical. Mathematically, you are slightly more likely to win after a loss, and slightly less likely to win after a win. This is due to the cards that tend to result in wins and losses, which is a rudimentary form of card counting. Your system slightly increases the house edge, and it could be proved mathematically. It should be noted that you are most likely to lose after a push, more so than a win, such that reversing your current system would still increase your disadvantage. There is, perhaps, a not worthwhile system that would slightly decrease the house edge if you raised your bet after a loss, and reset it on a push or a win.
To add to the above, although the martingale should be avoided, it is a more effective strategy than your system in at least one way because it does not increase the house edge.
wudged
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March 16th, 2014 at 8:17:42 AM permalink
Quote: Sonuvabish

I have never heard of a parotti method. Are you talking about a pareto analysis?



I think he meant paroli
Sonuvabish
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March 16th, 2014 at 8:47:28 AM permalink
Quote: wudged

I think he meant paroli



I never heard of this either. I just looked it up. Exactly like I said, it is common streak betting; I guess the system is supposed to tell you when streaks begin and end. No difference in analysis--this betting system actually slightly increases the house edge. Not mentioned in the literature, probably due to insignificance rather than oversight.
Impmon
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March 16th, 2014 at 8:01:19 PM permalink
Quote: Niju

Hello all, new here, have the wizards gambling 102 and been quietly lurking for a while now. I'm a very recreational player, very low bankroll. Almost mastered basic strategy thanks to the wizards shortcuts and have spent the last few months playing free online blackjack to test things.

My question, perhaps a silly one, is what would you suggest I do bet wise? I am still getting to grips with all the terms you guys use so I'll give an example:

Looking for some clarification. :)



What you do now depends on what your ambitions are. Once you have the basic strategy mastered for your game, I'd suggest a Fibonacci progression: 1, 1, 2, 3, 5, 8, 13 ... up as you win, flat the minimum while losing.

Keep in mind that this won't win indefinitely, but can show spectacular, short term, results. Given the razor thin house edge in Blackjack, the "long term" can be a long time in coming. If you decide to go onto counting, it will also help to be known as a "system" player. You might not get any "heat" for a very long time.
Sonuvabish
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March 16th, 2014 at 8:18:26 PM permalink
Quote: Impmon

What you do now depends on what your ambitions are. Once you have the basic strategy mastered for your game, I'd suggest a Fibonacci progression: 1, 1, 2, 3, 5, 8, 13 ... up as you win, flat the minimum while losing.

Keep in mind that this won't win indefinitely, but can show spectacular, short term, results. Given the razor thin house edge in Blackjack, the "long term" can be a long time in coming. If you decide to go onto counting, it will also help to be known as a "system" player. You might not get any "heat" for a very long time.



I'm no cover guru, so I am not going to debate the questionable merits of implementing a progression system to establish a cover as a system's bettor before attacking them thru counting. But I will say there will be nothing spectacular about the results. Anytime you gamble more than you should on any particular hand, you could see 'spectacular' results. So you can just randomly make large bets for slightly better odds at winning, or flat bet large for grander possibilities.
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