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BETTING STRATEGY BLACKJACK TERMS DICTIONARY
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| BETTING STRATEGY In the game of Blackjack, the term betting strategy means the attempt by a player to increase winnings by having a betting strategy. While many people do believe that a betting strategy all by itself can make a player win more, there really is no mathematical basis for that. The issue is that betting strategies - unless they are tied to card counting - do not change the basic odds of the game. And if the basic odds do not change, a betting strategy can speed up wins and losses, but would not help one to win more. A most common betting strategy is called a martingale. In this strategy, a player only bets one chip as long as they are winning, but then doubles their bet if they lose. If they lose again, they double again. For brief periods this system seems to work. But then at some point doubling the bet on a losing streak will get quite high - and over the table limit - and the player will lose big. So, this martingale scheme seems to deliver a trend of "win a little, win a little, win a little, lose a lot". But like all betting strategies not tied to card counting information, it will not change the odds - at least not in a positive direction. But is a betting strategy is tied to card counting, then of course it is a different story - since now the betting strategy can take advantage of times when the deck is more favorable to the player and bet higher, but bet lower when it is less favorable. This system works - as long as card counting is allowed by the house and by their equipment. Note that continuous card shufflers will stop the advantage of card counting.
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