Spread the profits with effective betting systems
In the process of blackjack investment, there exists a very important concept – bet spread which indicates the range between the lowest and highest bets players will place at the table. If a player implements a bet spread of 1-10, this means that their largest bet is 10 times the size of their smallest bet. In other way, if the minimum bet a player places is $10, then his maximum bet is 10 times of this which is $80.
In blackjack, the playing strategy by itself does not produce any visible improvement to the BasicStrategy disadvantage of the same -0.5% (here suppose the house edge of casino is 0.5%). This guarantees that confirmed basic strategy players would lose 0.5% of their total betting amount in a long term if they just use flat bet. Thus, whether in theory or in practice, a legitimate bet spread is necessarily required in order to overcome the changes in advantage that a player experiences. The importance of betting should be realized as only spreading could make sure the profitability of advantage players. Normally bets should be staying low when the deck favors the house and progressively higher as it swings in favor of the player. Proper application of bet spread strategy can produce a positive theoretical expectation and also the corresponding advantage.
In practice, the bet spread will be affected by many conditions such as the game rules, the offered penetration as well as the tolerance of a particular casino to large bet spreads. It is highly suggested that never place a bet in excess of 2% of total bankroll on any hand, as this will help to limit your risk of ruin. It is always happening that bankrolls go up and down dramatically at times, but the longer you play the greater the chances of your bankroll remaining on the positive side of the curve. Here is an example. For betting spread of 1-6, 1 unit is bet on all true counts with the negative advantages and neutrals and 2 units is bet on +2 true count, 4 on +3 and 6 on +4 and higher. This could yield the result of +0.145% which have the average bet of 1.5 units. That translates into a positive advantage for a player of +0.145% / 1.5 = + 0.096%. From other perspective, this advantage will generate in theory an average profit of $9.60 on a $10,000 action, which is really minimal. In an 8 deck game, 1- 4 spread would probably be the bare minimum to beat the game as in pennies per hour; 1- 8 would probably be the bare minimum to beat the game for any appreciable amount of money; 1- 12 would probably be more reasonable if not getting spectacular penetration. Of course whether you are playing all or wonging is another factor to be considered. 1-4 spread when playing all is probably an even game at best, while 1-4 wonging in on positive counts is still a winner.
Obviously, a betting spread is imperative when investing blackjack. No matter how skilled a card counter is and how accurately he memorizes all the indices from card counting strategy tables and how perfectly he applies the playing strategy, he still needs a betting spread if he wants to get a theoretical advantage. Without betting spread, even in theory, a card counting is not much better than Basic Strategy. Unfortunately, bet spread is one of the main indicators used by a casino to detect card counters, so it is of importance that a counter has a good understanding of a particular casino’s tolerance of large bet spreads to avoid being detected.
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Betting Strategy Blackjack
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