Best betting strategy for Blackjack

Blackjack Insider Newsletter, March 2005, #62
June 17, 2015 – 07:08 am

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By Eliot Jacobson

Eliot Jacobson has a Ph.D. in Mathematics from the University of Arizona. He was Professor of Mathematics from 1983 to 1998 at Ohio University, and currently holds a teaching position in the Department of Computer Science at the University of California, Santa Barbara. Jacobson recently published his first book on blackjack ("The Blackjack Zone, " Blue Point Books, 2005) and it is available in the BJI store. To read a review of Jacobsons book that appeared in issue #61 of BJI, click here.

There is no mystery to the success of casinos. People place wagers on games that have a built in house edge. The players win or lose the individual bets, but thats of no concern to the management. The only concern is that players continue pumping wagers through the system. In this case, the large variance of individual bets evens out and the house earns according to the following basic equation:

Earnings = (Total Wagers)

x (House Edge)

A progression betting system is based on the belief that this equation is wrong. It is an attempt to defy the laws of economics and mathematics by placing wagers according to a fixed pattern in an attempt to change the house edge.

A progression betting pattern is one that bases the current wager on the previous amount wagered and the result of the previous hand. Many authors write books about these systems, claiming they will win if combined with stop-loss and money management methods. Because of their simplicity, many people try them at the tables. Most lose. Some win.

Those who see individuals win using betting systems may come to regard these systems as an advantage method. Moreover, the arguments in favor of betting systems appear logical. But it is important to understand that it is the large variance of the games that lures most customers. Of course players will win. There are always winners. There have to be winners. But others players will lose. In the end, the losses will more than compensate for the wins so that the final result represents the house edge.

Interesting facts

Urban alteration game/UAG is a art project developed by artists David Augusto Rios and Jonas Ib F. H. Jensen. It is basically a board game that aims to engage the players in an alteration of urban landscape.
UAG was developed as an art project at Bergen National Academy of the Arts in 2007. The development of the game is based upon ideas coming...

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Popular Q&A
what is the best betting strategy for blackjack to come out ahead? | Yahoo Answers

There is what is called basic strategy which is a relative basic set of rules to use the value of the cards in your hand to maximum advantage. Here is a link.

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