Possibly dumb question regarding 'chipping up'
May 5th, 2018 at 2:17:19 AM
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Does a larger than usual bet size mean a change in basic strategy? For instance, if someone bets $10 per hand, then decides to suddenly bet $500 on a single hand, is there a 'safer' way to play that specific hand, perhaps in regards to avoiding a bust?
I assume that the answer is No, and that basic strategy is the optimal way to play any given situation, but I've long ago learnt to not assume that I have the correct instinct in situations regarding gambling statistics :)
I assume that the answer is No, and that basic strategy is the optimal way to play any given situation, but I've long ago learnt to not assume that I have the correct instinct in situations regarding gambling statistics :)
May 5th, 2018 at 6:19:28 AM
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Quote: seanythetankDoes a larger than usual bet size mean a change in basic strategy? For instance, if someone bets $10 per hand, then decides to suddenly bet $500 on a single hand, is there a 'safer' way to play that specific hand, perhaps in regards to avoiding a bust?
I assume that the answer is No, and that basic strategy is the optimal way to play any given situation, but I've long ago learnt to not assume that I have the correct instinct in situations regarding gambling statistics :)
I assume that there is no change in basic strategy but the volatility goes sky high. If you win playing at $500 a hand you could end up with $3,000. :D If you lose, get ready to cry like a newborn baby. :(
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May 5th, 2018 at 8:00:53 AM
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Quote: seanythetankDoes a larger than usual bet size mean a change in basic strategy? For instance, if someone bets $10 per hand, then decides to suddenly bet $500 on a single hand, is there a 'safer' way to play that specific hand, perhaps in regards to avoiding a bust?
Your best play per-hand is still the basic strategy. The real issue is whether it made sense to jump from $10 to $500. I would recommend reading up on the Kelly Criterion
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May 5th, 2018 at 8:06:17 AM
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Hand should be played the same way regardless of bet size, but I’ve seen many people put up much larger than normal bets and then hesitate to split or double because of that.
If you normally bet $10 and then put up $500 and you get 8-8 vs a dealer 7, you gotta be ready to put up that other 500 and possibly even more.
If you normally bet $10 and then put up $500 and you get 8-8 vs a dealer 7, you gotta be ready to put up that other 500 and possibly even more.
May 5th, 2018 at 8:41:07 AM
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What everyone else said, plus:
If you’re already thinking about deviating from basic strategy, maybe what you really should do is deviate from the plan to make that big of a bet.
If you’re already thinking about deviating from basic strategy, maybe what you really should do is deviate from the plan to make that big of a bet.
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May 5th, 2018 at 9:19:28 AM
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Thanks guys, pretty much as I assumed was the case. :)
I promise that it's a purely hypothetical question from my personal standpoint; the most I have ever lost at a casino in one night is $300. I have witnessed a lot of players make sudden large wagers in the hopes of a one shot big win though, which is why I considered the question.
Quote: DJTeddyBearIf you’re already thinking about deviating from basic strategy, maybe what you really should do is deviate from the plan to make that big of a bet.
I promise that it's a purely hypothetical question from my personal standpoint; the most I have ever lost at a casino in one night is $300. I have witnessed a lot of players make sudden large wagers in the hopes of a one shot big win though, which is why I considered the question.
May 5th, 2018 at 12:30:51 PM
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Flat betting all night can be a drag, but deciding to vary your bet because you’re bored or your “free” drink is whispering to you is bad strategy. Take a look at Wizard’s The Ace/Five Count strategy. It’s simple enough that it can be mastered in a few hours, and a simulation game is provided for practice. With a little preparation beforehand and minimal effort during play you can vary your bet at the right time and by the right amount when you have an advantage.
Other, better methods exist but take more time to master and are harder to apply during play. Search on this site for a series of articles by Romes if you are interested.
Other, better methods exist but take more time to master and are harder to apply during play. Search on this site for a series of articles by Romes if you are interested.
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May 5th, 2018 at 1:29:08 PM
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Yes, expectation isn't the only criteria impacting on your blackjack decisions. If you significantly overbet your bankroll then you may be better off surrendering a close decision even though playing the hand has slightly higher EV in order to reduce your variance. Certain soft doubles such as A6 v 2 in a mildly positive count would certainly be best avoided if you bet a significant portion of your bankroll.
