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System:
Start at one unit
Bet one unit after every win
Double the bet after a loss and a subsequent loss (1 then 2 then 4)
Start over at one unit after three consecutive losses
Pushes are ignored in the betting progression
Double downs, splits, BJs are ignored in the betting progression
I do not count cards
I use 8 decks at 80% penetration but I am not sure that matters
Three consecutive losses certainly happen with regularity (7 unit loss). But you are continually winning one unit and the extras (double downs, splits, blackjack) get magnified at the 2 and 4 unit bets.
Quote: skrbornevryminA few years ago there was a lawsuit in which game programmers had rigged some handheld/computer-based games to payout more often than would randomly occur in an actual fair game found in a casino. The suit alleged that it was more likely to cause gambling addiction and encourage "problem" casino gambling. I wonder if some of todays phone apps and computer-based versions use some of the same algorithms. I had an app on my phone a few years ago that was definitely this way. It was fun to play because I won way more often than I lost - regardless of my betting strategies in many cases. I quickly discovered, however, it was a terrible way to "test" new strategies. I would be careful what software you use when practicing and testing so you won't be dissapointed when you go to the casino where the money is real.
Quote: skrbornevryminA few years ago there was a lawsuit in which game programmers had rigged some handheld/computer-based games to payout more often than would randomly occur in an actual fair game found in a casino.
Even the old Nintendo Gameboy had a Casino game which was rigged in letting the player win. You could flat bet the slots until you "broke the casinos bank" almost every time.
Quote: PatrickKieferHow are surrenders treated? Loss or push?
Quote: rtoothmanbut I am sure I am making broad incorrect assumptions (e.g., I started with the assumption that all eight three deal combinations happen equally....WWW, WWL, WLW, WLL, LWW, LWL, LLW, LLL)
There is a broad incorrect assumption right there. Losses are more likely than wins, so all eight combinations will not happen equally. You will Lose three in a row more times than you will win three in a row, etc.
If you want to beat the house edge in blackjack you have to learn to count cards and spread your bets sufficiently to overcome it. However, it actually requires a surprisingly large bankroll to avoid the "risk of ruin" inherent in such a strategy.
If you are just a casual player, I would recommend a strategy that is a flat bet most of the time and has a mechanism for increasing itself when you are winning. I personally like to use progression that increases when I win 3 hands before I lose 2 hands. If I am winning more often than I am losing the bet goes up. If I am not winning the bet reverts to the base amount until another "winning streak" comes along. I usually start with a 2-unit bet and increase by 1 unit per step. I can often create a profit of at least 10 units at some point before losing 20 units. It seems to work for my needs and I have fun with it. The hardest part is to quit while you are winning because winning is fun, so I would recommend setting a "stopping point" such as being up "x" units or a loosing streak of "n" hands. Try to avoid the most common stopping point of "my money is gone." In addition, I would definately avoid any system that causes you to increase your bet when you are losing (such as the martingale) because it makes a bad situation (a losing streak) worse.
Quote: skrbornevryminIf you look around on this website and WizardofOdds.com you can find several discussions that include the mathematics of the martingale strategy. It fails faster than flat betting because you are exposing an increased amount of money to the house edge in a shorter amount of time. It is also surprising how often you would face your maximum bet even if you carried it out several more generations.
If you want to beat the house edge in blackjack you have to learn to count cards and spread your bets sufficiently to overcome it. However, it actually requires a surprisingly large bankroll to avoid the "risk of ruin" inherent in such a strategy.
If you are just a casual player, I would recommend a strategy that is a flat bet most of the time and has a mechanism for increasing itself when you are winning. I personally like to use progression that increases when I win 3 hands before I lose 2 hands. If I am winning more often than I am losing the bet goes up. If I am not winning the bet reverts to the base amount until another "winning streak" comes along. I usually start with a 2-unit bet and increase by 1 unit per step. I can often create a profit of at least 10 units at some point before losing 20 units. It seems to work for my needs and I have fun with it. The hardest part is to quit while you are winning because winning is fun, so I would recommend setting a "stopping point" such as being up "x" units or a loosing streak of "n" hands. Try to avoid the most common stopping point of "my money is gone." In addition, I would definately avoid any system that causes you to increase your bet when you are losing (such as the martingale) because it makes a bad situation (a losing streak) worse.
The strategy of increasing one after wins and reverting back to base amount after loss is pretty good I think. Ultimately, I think it losses more in the long run if not counting but I had a very good run for about six weeks. I found that most sessions didn't last very long, maybe. An average of twenty minutes.
Find a table minimum of 10 or so, craps would work well.
Then, just take around 50 dollars and every once in awhile just make a passline bet, that way the dealers won't think your just hanging around not bettng.
...then in your head, or even on paper if you wish, pretend your making your real martingale bets, and just keep track, then you will have some real results from your idea, and you won't have to risk all the dough for your trials ;)
just my thoughts.
I'm on board with the obvious truth that house advantage stays the same regardless of the bet. And of course it follows that if you bet more, you lose more in the long run.
Nevertheless, in my pretty long run here, I have found that this system is a pretty good way to break even. I'm currently up ~$2300. I've been down ~$3000 and up ~$3000. I've had some horrible losing streaks that if they happened in a casino I'd have never let myself go that far. But, w/fake money, I just keep at it, and have always come back.
I accept math and logic. I don't believe in magic. I know that betting systems don't change expectation. But something is different with this style of play vs. flat betting. It seems that with flat betting, you have smaller swings with an overall downward trend. With this 1-2-4 betting, you have bigger swings and overall break even (or at least it seems to make the long run in which you lose much longer).
Can someone explain what's going on here mathematically? For one thing, it seems we need to compare the odds of losing 3 in a row (result: -7 units) to the odds of winning 1 in 3 hands 7 times in a row (result: +7 units).
Quote: skrbornevryminIf you look around on this website and WizardofOdds.com you can find several discussions that include the mathematics of the martingale strategy. It fails faster than flat betting because you are exposing an increased amount of money to the house edge in a shorter amount of time. It is also surprising how often you would face your maximum bet even if you carried it out several more generations.
If you want to beat the house edge in blackjack you have to learn to count cards and spread your bets sufficiently to overcome it. However, it actually requires a surprisingly large bankroll to avoid the "risk of ruin" inherent in such a strategy.
If you are just a casual player, I would recommend a strategy that is a flat bet most of the time and has a mechanism for increasing itself when you are winning. I personally like to use progression that increases when I win 3 hands before I lose 2 hands. If I am winning more often than I am losing the bet goes up. If I am not winning the bet reverts to the base amount until another "winning streak" comes along. I usually start with a 2-unit bet and increase by 1 unit per step. I can often create a profit of at least 10 units at some point before losing 20 units. It seems to work for my needs and I have fun with it. The hardest part is to quit while you are winning because winning is fun, so I would recommend setting a "stopping point" such as being up "x" units or a loosing streak of "n" hands. Try to avoid the most common stopping point of "my money is gone." In addition, I would definately avoid any system that causes you to increase your bet when you are losing (such as the martingale) because it makes a bad situation (a losing streak) worse.
Finally, I found someone who is using his head rather than maths in gambling....hat's off to you, Sir!
The last time I attempted the Marty in baccarat, I donated $1.2K to the casino within minutes after losing 8 hands in a row! ;-(
I finally came to my senses recently and abandoned this crappy system for good.