MY BLACKJACK BETTING STRATEGY
Any blackjack strategy should begin with the basic strategy - when to hit or stand, and when to split pairs or double down. Learn it and memorize it, or get one of those blackjack cheat sheets - the casino will let you use it when you play. I usually take mine with me to the table.
But what about betting strategy? My favorite blackjack book is titled "Progression Blackjack," by Donald Dahl. The basic premise of the strategy outlined in the book is, "to beat the house you must understand that the dealer will win the majority of the hands. The key is to make more money on the winning hands than is lost on the losing hands. This can only be assured by increasing the bet as you win." Very true. There are times when the cards left in the shoe are favorable to the player and you will go on a winning streak. This is how card counters operate. Check out the book "Bringing Down The House," the true story of six college kids who learned to count cards and won a bundle (the movie "21" was based on this book).
Progression Blackjack offers up a betting progression as follows:
The $10 Progression
Bets are to be made in the order shown starting with the minimum bet of $10. Whenever a bet is lost revert back to the first $10 bet. To enable one to rapidly advance up the betting ladder the rules are as follows:
1. Upon receipt of a blackjack, skip one level of the progression. For example if you are betting the first $10 and get a blackjack, your next bet would be the first $15.
2. Upon winning double on the bet, skip two levels of the progression. For example if you are betting your first $10 and win double, your next bet would be the second $15 bet (skipped second $10 and first $15).
The $5 Progression
This progression strategy has worked very well for me. As you can see if you win one lose one you will break even, and if you win two in a row you will show a profit. I usually play on a $5 table and modify the progression and skip the $7 bets (I don't want to mess around with one dollar chips). This system minimizes possible losses and maximizes gains when you get on a streak. Try it!