This is regarding a Blackjack strategy that has put me in the green of $1100 on some European online casino site recently.
It involves playing with basic strategy while applying practices of Martingale + Flat Betting Strategies.
The table I play on provides a 49.68% win rate with a house edge of 0.32% using basic strategy. It has a table minimum of 10 cents and a maximum of $200.
So the basic operations of this is I sit down with a $500 bankroll and place the min bet of 10 cents to start. From here every losing hand I martingale (progressive system of doubling bets after every loss) up to a point of 5 losses in a row, where I am now betting $3.20. If I however lose this bet, instead of doubling again I now proceed to Flat-Bet at $3.20, and do this until I am back to the point I was at before the 6 losses in a row kicked in. After I am back to the original bankroll before the losses, I refresh my bet down to 10 cents again and do it over. The logic behind how this flat betting system works for me in theory is that since the house edge is at 0.32%, this means that statistically every 1000 hands played will equal 3.2 hands lost to the casino using basic strategy, and since I had just lost 6 times in a row, mathematically I should have 6 winning hands to come which means over the next 1000 hands I play I should expect 2.8 more winning hands than losses. This technically evens out the house edge and allows me anytime over the next 1000 hands to catch up and get back to the point I was at before the 6 consecutive losses played. My theory is that with a house edge so very much dormant and even with the volatility of BJ (patches of massive losses followed up by wins), as long as statistics plays out we could be able to profit in this.
The Reason to why I use 6 losses is it gives me an affordable maximum capped bet of $3.20 which in a bankroll of $500 will last me 150 losses approx. A losing session or patch of 150 losses is what it will take to lose your bankroll which in this game is unlikely. On average 6 losses in a row or more will happen about 15 times per 1000 hands, so 15 times you will have to try get back to the amount you were at before the 6 losses happened. All the other times you play using the martingale system, therefore all the times where you don't lose 6 in a row are the times you make your profit. It will initially be a slow process but it can always be doubled to start off at 20cents and a maximum of $6.40.
And finally in the times where there have been for eg 10 or 20 losses on the maximum bet of $3.20, there always is the option of doubling it to $6.40 so that this will cut the number of wins needed to get back to par. While not necessary, it will save a great deal of time.
As far as I know, this has made me money and sounds like in theory it works, but as we all know beating the casino is impossible unless you count cards or beat others in poker. So I need to know if this is in any way actually feasible, or if not, what the massive flaw is?
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Originally Posted by patsthetix
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