William: Money Management & BlackJack

[William]

Is there a money management system out there that actually works (without cardcounting) that at least covers you for 15 straight losses (in case that ever happens).

So far I have spent almost a month on this and the only conclusion I can come to is that there is no way to beat the casino's without luck and cardcounting (too bad if you want to play on-line as you cannot count cards when the decks are constantly reshuffled).

All I need is a management system that doesn't loose money which all that I have seen to date do.

Cheers
PROFITS TO ALL

[Homer J. Simpson]

You are going to lose money at an online casino (in the long run) unless you take advantage of the comps and promos they offer. There is no money management system out there that will change the fact that you will lose in the long run. Those who believe in progression systems may say otherwise, but they are absolutely wrong. I suggest that instead of spending money at online casinos, you:
1) buy some blackjack books. I suggest Wong's Professional Blackjack to get you started with a simple counting system (Hi-Lo). Counting is the only system that will allow you to make money (in the long run).
2) download super blackjack or another program to play out some hands (more than 3000). The program will keep track of the RC and TC along with you. You will quickly see that the swings are too great for only 3000 hands to allow you to draw conclusions. You can't allow personal experience of so few hands to allow you to draw conclusions.
...on that note, if you were at a casino had an 11 v 6, and doubled, drew a 2, and the dealer drew a 5 then a 10 to hit 21, would you stop doubling on 11 v 6? The answer is no, because that is what probability dictates as the correct move. In the short run, it may seem like such a decision is incorrect, but in the long run, it is proven to be otherwise, by mathematics.

--Homer J.

> Is there a money management system out
> there that actually works (without
> cardcounting) that at least covers you for
> 15 straight losses (in case that ever
> happens).

> So far I have spent almost a month on this
> and the only conclusion I can come to is
> that there is no way to beat the casino's
> without luck and cardcounting (too bad if
> you want to play on-line as you cannot count
> cards when the decks are constantly
> reshuffled).

> All I need is a management system that
> doesn't loose money which all that I have
> seen to date do.

> Cheers
> PROFITS TO ALL

[William]

Thanks...at least I know that I was using the right Basic Strategy but just playing in the wrong place...Thanks again.

William

> You are going to lose money at an online
> casino (in the long run) unless you take
> advantage of the comps and promos they
> offer. There is no money management system
> out there that will change the fact that you
> will lose in the long run. Those who believe
> in progression systems may say otherwise,
> but they are absolutely wrong. I suggest
> that instead of spending money at online
> casinos, you:
> 1) buy some blackjack books. I suggest
> Wong's Professional Blackjack to get you
> started with a simple counting system
> (Hi-Lo). Counting is the only system that
> will allow you to make money (in the long
> run).
> 2) download super blackjack or another
> program to play out some hands (more than
> 3000). The program will keep track of the RC
> and TC along with you. You will quickly see
> that the swings are too great for only 3000
> hands to allow you to draw conclusions. You
> can't allow personal experience of so few
> hands to allow you to draw conclusions.
> ...on that note, if you were at a casino
> had an 11 v 6, and doubled, drew a 2, and
> the dealer drew a 5 then a 10 to hit 21,
> would you stop doubling on 11 v 6? The
> answer is no, because that is what
> probability dictates as the correct move. In
> the short run, it may seem like such a
> decision is incorrect, but in the long run,
> it is proven to be otherwise, by
> mathematics.

> --Homer J.

[Parker]

> Is there a money management system out
> there that actually works (without
> cardcounting) that at least covers you for
> 15 straight losses (in case that ever
> happens).

> So far I have spent almost a month on this
> and the only conclusion I can come to is
> that there is no way to beat the casino's
> without luck and cardcounting (too bad if
> you want to play on-line as you cannot count
> cards when the decks are constantly
> reshuffled).

> All I need is a management system that
> doesn't loose money which all that I have
> seen to date do.

Here is a sure-fire money management system guaranteed not to "loose" money:

Don't play.

You're welcome. :-)

Seriously, even playing perfect basic strategy, and assuming that the online casino is not rigged (a bold assumption), you are still playing a negative expectation game. And there is no system of "money management" or any "betting progression" that can turn a negative expectation game into a positive expectation game.

It is like trying to invent a perpetual motion machine.

You can also trust the basic strategy charts. As Don pointed out, mathmaticians have had 45 years to perfect them. In addition, they have been verified by literally billions (maybe even trillions) of computer-simulated hands.

As others have suggested, read some of the books. Also note that some of the top experts on blackjack alive today post frequently on this site. Enjoy.