A disciplined and skillful handling of your bankroll is enormously important for online casino players. Gambling on the Internet can easily become an addiction that can lead to financial ruin. With a reasonable approach, however, this is quite avoidable, and gambling is much more fun when you are not "betting the farm".
First, you should set yourself a monthly limit - an amount you can afford to lose. Calculate how much money is left after taking into acount your net salary, rent and costs for living expenses.
Determine how many "sessions" per month you want to play at the online casino, then divide the monthly amount at your disposal by the number of sessions. Now you have a limit per session - stop the session when you lose this amount!
Similarly, it is important to set a goal before each session, in the form of an amount you want to win before stopping. Let's say you get started with $50 - here it would be advisable, for example, to stop gambling as soon as you have accumulated $150. After all, you have won enough to play with "house money" during the next two sessions!
A strategy that has always worked nicely for me is the 5% principle. Suppose I get into the session with $100. Then I would divide the $100 by 20, and thus play with $5 a hand. When I am winning, I adjust my standard bet after some time, for example, if I had gone up to $200, I would choose to play $10 hands from that point on. But here, too, I always have a target in mind and if I reach it, I would log in my winnings and leave.
Bear in mind that you can always lose at the online casino - it is called gambling for a reason after all! But the real fun starts when you have the strength to quit after you have made a small profit. The feeling of having beaten the casino is simply great. If you are able to muster the discipline to stop in time when you are winning, you will also have the strength not to fall prey to a gambling addiction!
BlackJack just as about any other casino game, features a house edge. As people are competitive, or probably just looking for an easy way to make a lot of money, there have been many trying to beat the casino by implementing different blackjack strategies. One is known to work mathematically – blackjack card counting. However, this article won't be about counting. This one will be about a strategy that is totally welcomed across casinos and is widely used among gamblers around the world. This article will be about blackjack betting systems !
A betting system is a mathematical progression of numbers or units. It's commonly known in the gambling world, as there are systems for roulette, slots and just about any other casino game. While most of these systems look good at the first glance, they actually don't really work longterm. No system can change the house edge, as each round of betting will feature edge for the casino.
To make use of betting systems even harder, casinos have implemented table limits. This is actually not the main reason for table limits, but it also makes using betting systems harder. You'll often won't be able to make a bet required by the system, just because betting limits won't let you to!
Martingale is one of the very first betting systems, that got popular. It's rumoured to have been invented in the 18th century. Back then a game of coin-flipping was widely popular and Martingale was invented exactly for that reason. It advised that a gambler, who bet on the coin to land in a specific way, should double his bet size every time he lost. If he won, he just kept betting the same stake. Martingale betting system seemed like a sure thing for those, who advertised it. However, there were some things these advisors didn't think of. While a single coin-flip is a 50/50 to be either heads or tails, the chance of coin landing at heads or tails several times in a row is quite significant.
Advisors advertised the strategy as one, where it's impossible to loose. Surely, you'll eventually flip the side of a coin, you are betting at. However, a gambler would have to be wealthy. How wealthy – infinitive. You'd have to have an infinitive amount of money, in order to use Martingale as a sure thing.
Imagine a game of blackjack, where you are playing 1 box. You bet $5 and loose. According to Martingale, you now have to bet $10. Every time you loose, you have to double your stake. Once won, you can return to the starting bet of yours.
The d'Alembert betting system was invented by Sir Jean De Lon d'Alembert. The system depends on the outcome of your last spin and is somewhat similar to Martingale one, by following a similar logic.
However, d'Alembert system advises to bet more when winning and less when loosing. This is exactly the opposite suggestion, compared to Martingale.
The system suggests, that after one type of an event has occurred, it's more likely that the other type will happen. If you lost the previous hand of blackjack, you are more likely to win the next one. This is obviously not the case and that's one of the main reasons why this system is flawed.
Imagine, that you are playing blackjack on 1 box at a casino. You bet $20 and loose, follow up by decreasing your bet and betting $10. Vice versa, if you bet $20 and win – bet $40 on the next hand.
The Fibonacci betting system, also called Fibonacci sequence, is a betting system that follows a sequence of numbers, which determine the stake you'll be wagering in the next betting rounds.
This betting system is designed in a less aggressive way, than other ones like Martingale. Instead of doubling your stake, you'll be increasing it by a few units. By using Fibonacci, you are less likely to hit betting limits or go broke. It should be noted, that it will also be harder to get your losses back, if you hit a bad streak.
A fibonacci sequence starts with numbers 0, 1 and you start by betting the sum of these two numbers – 1+0 = 1 unit. (You have to determine the size of 1 unit, before starting to use this system)
In case of loosing, you add the number of units, that you just bet. to the sequence. If you lost in the first hand of a sequence, you'd add 1 to the sequence and it would look like 0,1,1. Now you move on and bet 1+1= 2 units. In case of loosing, you add 2 to the sequence. If you win, cross out the amount of units, that was just bet.
The system ends when all the numbers are crossed out and you are left with a zero. If you win on the first try, start the system all over again.
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BlackJack is one of the most popular casino table games in the world. As with all the casino games, house features some kind of an edge and blackjack is not an exception. While you can't do anything to lower casino edge in most games, it's different with BlackJack. Shortly after the game was launched, some of the sharpest math minds noticed, that it's possible to change the casino edge by keeping track of cards.
This is also known as card counting method and players are often referred to as advantage players. Keeping track of cards means noticing and counting the high or low value cards, that gets dealt. By doing this player gets a better idea about the amount of high-value cards left in the shuffle machine. It's suggested that a deck featuring large amount of high-value cards will benefit the player more, as there's a higher chance to hit BlackJack, which pays 3 to 2. Having a large amount of small cards (5s 6s etc.) benefits the dealer and hurts the players chances.
While there are many card counting systems on the market, the most commonly used one is the Hi-Lo system. This blackjack card counting system is based on assigning a different values to cards, that are dealt. The count starts at 0, when decks are shuffled. Each card dealt changes the current count by either +1/-1 or 0. Goal of card counting is to add a point value to each particular card, this way making a rough translation to the effect of cards removal. This effect is the exact calculation of changes into the house edge, by a single cards removal from the deck.
When using a Hi-Lo card counting system in blackjack, cards have the following values:
2s – 6s = value of +1
7s - 9s = value of 0
Ts – As = -1
So what's our takeaway on the card values offered? When the card count is highly into the positive, there are many high value cards in the deck, thus you have to bet higher. Vice versa, when the count is highly negative, it means, that many high value cards have been dealt. The chance of hitting a blackjack is way lower, so you shouldn't increase your bets. Instead, you should decrease them.
A typical game of BlackJack in a casino will feature a house edge of roughly 0.48%, which is small compared to other casino games, such as roulette. This means, that for every $1000 wagered, you are expected to loose $4.8 . If you are a decent card counter, you'll be able to get an edge of 1% over the casino, which turns into an expected win of $10 for every $1000 wagered. Higher edges are also possible, but this depends on your skill level, variation of the game, hands dealt per hour and other factors.
Take into account, that BlackJack is a game of high variance. As usual, games which feature a tiny edge will have the most action. It's easy to win thousands at BlackJack, however it's also easy to lose them. Longterm is the only thing that matters in the end.
BlackJack card counters are advised to have a large bankroll for playing. Normally, you'll be looking at a bankroll of 100-150 times the maximum bet allowed. There is no limit to the amount of money, you can win, while counting cards at blackjack. It all depends on the amounts of money, you are betting.
Card counting is not illegal, however, it's also closely watched by the casinos. No casino will allow card counters to play at a Blackjack table. While it's not forbidden by law, casino has an opportunity to ban any player from entering their casino. There's also a casino blacklist, which most casinos have access to. Once you are on this list, you'll have a hard time entering any casino worldwide.
Casinos are spending huge amounts of money and time, in order to prevent card counters from being able to play. There are several systems and softwares implemented, to scan blackjack tables for possible card counting.
Casinos are also taking some basic steps to make it harder for card counters, such as dealing while player is increasing his wager. Talking to a particular counter, to mess up with his mind is also one of the basic methods used.
Card counting in a team was implemented way back in the 70s. Ken Uston published a book on this very same topic in 1970. The book was based on Ken's experience, as he was working in a team, playing as the big player. Card counting by MIT students has also been visualised in a movie called ''21'', which is based on somewhat real life happenings.
Team counting includes a team of at least several people. It's divided in spotter players, who always play for the table minimum and big players, who as per they name – bet big.
Spotters are first ones to join a blackjack table, they keep a track of the count, but don't take advantage of it. When the deck gets hot (highly positive), the spotter signalises the big player and he then joins the table. A spotter says something unrelated, which is agreed before and specifies the current count. Based on that, big player makes a bet and now keeps a track of the current count. When the deck starts to cool off, he leaves. This is exactly the way, how many card counting teams stayed under the radar of casino card counting spotters and softwares. Several teams have won millions of dollars from the casinos over the years.
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How would you like five simple, but effective casino tricks to increase your chances of winning? I will try to help you improve your results. Casinos make money when you lose and believe me, the odds are against you.