Blackjack Bankroll Strategy
The best betting strategy for blackjack depends largely on the amount of money you are willing to bet. This will differ greatly from person to person. One player may prefer to play with small. Looking for a Blackjack Betting Strategy that turns the house edge into your favor? Tired of just playing for fun? Become a Professional Blackjack Player! Learn how to follow the rules of basic Blackjack strategy to easily reduce the house edge to under 1 percent.
Blackjack Online Strategy. The bankroll is the amount that the player has available for a game and his winnings should always be kept separately from.
Contents
Why the Blackjack Betting Strategy Matters
As the composition of the shoe changes, players are more or less likely to get blackjack based on the number of big cards left to be dealt out. It makes sense for players to bet large amounts when the odds are in their favor. The true count is what determines our advantage and ultimately the amount we should bet. The true count is fully explained in our blackjack card counting section.
The Kelly Criterion
The Kelly Criterion says that if a player knows his advantage then he should bet that percentage of his bankroll. For example, if the true count and the table rules indicate that the player has a 2 percent advantage and the bankroll is $2,500 then the bet should be 2 percent of $2,500 or $50. Many players do not have a $2,500 bankroll. As such, it is important to play at tables that have low enough minimums for players to capitalize when odds are favorable.
The World’s Greatest Blackjack Book does a nice job explaining the Kelly Criterion:
Trusting for now that you can gain an advantage with a counting system, the real question becomes: How should you bet in order to maximize your profits while minimizing your risk? Once again, the mathematicians have answered this one for us. According to Professor J. L. Kelly in 1956, the optimal betting method is to bet a percentage of your total bankroll that corresponds exactly to the percent advantage you have at any particular time. Professor Kelly and other scientists have proven both mathematically and in practice that this “Kelly Criterion” is the most profitable long-run method of wagering.
[The World’s Greatest Blackjack Book page 203]
MIT Betting Strategy
The old school MIT strategy is as follows when the count is +2 or more:
Amount to Bet = (True Count – 1) * Betting Unit
Using a table with a $5 minimum and a betting unit of $25, we have the following:
Blackjack Bankroll Strategy
Count 0 or Less: bet $5
Count +1: bet $5
Count +2: bet $25
Count +3: bet $50
Bankroll Management
Most casual blackjack players have a smaller bankroll than the MIT team. As such, our betting strategy modifies their bet sizing table in order to reduce variance for small bankrolls.
Our Betting Strategy
Players bet the minimum when the true count is near 0 or less than 0.
We use a system where the betting unit matches the table minimum.
Here is our betting strategy on a $10 minimum table:
Count 0 or Less: bet $10
Count +1: bet $20
Count +2: bet $30
Count +3: bet $40
…
Count +x: bet 10*(x+1)
This betting strategy has less short term variance than the MIT betting strategy.
Hand Example
The true count is +2 and we’re sitting on a table with a $10 minimum. What should we bet for the next hand?
$30 is the answer based on our betting strategy above.
Another Hand Example
The true count is +3 and we’re sitting on a table with a $10 minimum. How much do we bet on the next hand?
Referencing our betting strategy above, we bet $40 on the next hand.
There is a lot of info about the Best Blackjack Strategy, Blackjack Betting Strategy, or Blackjack System out there, but this is the best place to get it. Here are some tips to improve your Blackjack game. There are a few ways to do this.
Blackjack Strategy Trainers
The best way to obtain the Best Blackjack Strategy would be through the use of Blackjack Strategy Trainers. There is a myriad of sites available online that allow players to do training drills for free and help them hone their plays without the stress of a real game.
While nothing beats the experience of playing with real opponents and in a real-world scenario, Blackjack Strategy Trainers are great for beginners who want to get up-to-speed on the basic strategy of the game, or for veterans that want to hone the speed at which they can execute their plays.
Best Blackjack Strategy
There are many types of Blackjack Systems and different methods of Blackjack Betting Strategy. Two ones we recommend are the Golden Eagle Blackjack Strategy and the Silver Tiger Blackjack Strategy.
The Golden Eagle Blackjack Strategy involves two modes, offensive and defensive. Generally, this one is good for beginners as it is fairly easy to learn. The strengths of this strategy are that it has a pre-determined exit strategy, marked by a series of milestones that are easy to keep track of. This has been shown to net a minimum of a 27% gain on buy-ins. It was created by mathematician Ri Chang, avid statistician, and gambler, that came up with this method after months of testing.
The Silver Tiger Blackjack Strategy is a bit more of an advanced strategy, designed for people that want to consistently beat the house at the casino. This strategy generally garners around a 31% gain on buy-ins, and over time will help make big profits at the table. This one was also developed by Ri Chang and was considered a breakthrough in terms of Blackjack Strategy.
Blackjack Strategy
Blackjack Strategy Trainer
Blackjack Martingale
Looking for the best blackjack betting strategy, about using a blackjack strategy trainer and how to use the best blackjack strategies to win often?
If so, read on. Blackjack is a game that is consistently beatable if you use the right strategy.
Blackjack Betting Strategies
There are dozens of blackjack strategies out there. For example, there is the famed Martingale system where you bet a set amount, and then double your bet if you lose. Supposedly you will always recoup your losses and often win with this system. (Spoiler alert. This system works only for a short while, and you need a good-sized bankroll.)
Then there is the onerous and mentally exhausting system of counting cards. All for a measly advantage of .5 percent or more, which means that for all your trouble (not to mention possibly getting kicked out of the casino, you might win an extra $20 on $400 worth of bets.
There is a better way, (actually two) that were invented by a Chinese Maethemetician, Ri Chang. The two systems are called the Golden Eagle Blackjack Strategy and the Silver Tiger Blackjack Strategy are Blackjack Betting Strategy Systems that take advantage of the natural streaks that appear in the game.
By playing either the Golden Eagle Blackjack Strategy or the Silver Tiger Blackjack Strategy system to the letter, a player can reasonably expect to gain around 6 chips per 5 hands of play using the Golden Eagle system and 5 chips with the Silver Tiger method.
Both systems lead you to efficient and winnable blackjack. Both systems allow you to play either defensively if the cards are not kind to you for a few hands, or aggressively when you are consistently winning.
More importantly, both Blackjack Betting Strategy systems tell you when to quit, a factor that is sadly lacking in other blackjack systems.
Blackjack Strategy Trainers
A word of caution. Although neither system is difficult to use, you have to play it to the letter in order to be successful. Therefore, it’s highly recommended that you employ the use of a blackjack strategy trainer.
Playing several hundred hands on a good blackjack trainer, of which there are many out there, will prepare you to win consistently with the Golden Eagle and Silver Tiger systems.