If you want to win at blackjack, you need to follow a consistent betting strategy for each type of blackjack game you play. Some games may involve a single deck or cards, but many tables deal from 4 to 6 decks, which changes the odds considerably. In poker’s case, being good at value betting can separate you from opponents. Getting the most value out of your great hands will improve your profits in the long run. Cons of Value Betting. The problem with this betting strategy is that it calls on you to have the following qualities: Being good at math. Being skilled in the game you’re. If you are using the basic blackjack strategy, you should not be thinking of taking insurance. In the case of card counting, however, players know when it is the right moment to make an insurance bet. If you are dealt a blackjack and the face-up card of the dealer is an Ace, you will simply have to take your chances.

Blackjack basic strategy is just the mathematically best way to play every possible hand in the game. This means that computers have done simulations and calculations about the expected value of every possible decision. When you make the decision that has the highest EV in each of those situations, you’re said to be using basic strategy.

I’m a proponent of memorizing basic strategy so well that you’re able to play perfectly without having to think about these decisions. Basic strategy isn’t powerful enough to get you a mathematical edge over the casinos, though. You’ll still be playing at a disadvantage.

But that disadvantage will be as low as it possibly can be, and it will be FAR lower than your mathematical disadvantage (the house edge) on any other game. Lots of people want to learn to beat blackjack. Basic strategy alone won’t do it for you. You’ll have to learn a legitimate advantage gambling technique to flip the odds in your direction. For most people, this means learning how to count cards.

Counting cards, though, won’t get you an edge if you’re not able to implement basic strategy. This post offers some advice on the easiest and fastest way to learn basic strategy.

A Simplified Basic Strategy Is Probably the Best Way to Start

I’ve seen multiple “simplified” versions of basic strategy. Most of these are a fine place to start. I’ve seen online versions of this, but I’ve also seen simplified strategies in books. The simplified strategy I present below is based on Kevin Blackwood’s Play Blackjack Like the Pros, which I highly recommend by the way.

This simplified basic strategy only has 10 rules to follow:

• Always stand on a hard total of 17+.
• Hit a hard 12, 13, 14, 15, or 16 versus a dealer 7+. Otherwise, stand.
• Double down on 11 if the dealer has anything but an ace, in which case you should hit.
• Double down on 10 if the dealer has anything but a 10 or an ace, in which case you should hit.
• Double down on 9 if the dealer has a 3, 4, 5, or 6. Otherwise, hit.
• Always hit a hard 8 or less.
• Always split aces or 8s.
• Never split 5s or 10s.
• Always stand on soft 18+.
• Always hit soft 17 or less.

That’s not a lot of memorizing to do, and it’s a great starting point. You can probably memorize this simplified blackjack basic strategy in less than an hour, in fact. The difference between this and using the full version of basic strategy is probably only about 0.2%.

In other words, if you were facing a game where the house edge were 0.5%, and you use this instead of the full basic strategy, you’re still playing a game where the house edge is only 0.7%. That’s better than almost any other game in the casino still.

It crosses my mind that some of the expressions and phrases used in that short simplified version of blackjack basic strategy might be unfamiliar to some readers. Here are some definitions and explanations:

Expected value is the mathematically projected value of a bet in a specific situation. It’s either positive or negative, and it’s the product of the amount you can win multiplied by the probability of winning, minus the product of the amount you can lose multiplied by the probability of losing.

When discussing basic strategy, expected value is the predicted value of a given decision in a given situation. A bet with a positive expectations is one in which you have a mathematical advantage over your opponent. If a bet has a negative expectation, your opponent has a mathematical edge over you.

To stand in blackjack is to refuse any additional cards and stay with the total you have.

A hard total in blackjack is one in which you can’t count an ace as 1 or 11. This could be because your hand doesn’t have an ace in it, but it could also be because you have a hand where you’re already having to count the ace as 1 to avoid going bust.

To bust in blackjack is to reach a total of 22 or higher. If you bust, you automatically lose immediately.

Doubling down is agreeing to take one (and exactly) one more card from the dealer while simultaneously doubling the size of your bet.

To hit is to accept an additional card from the dealer. The only limit you have to the number of times you can hit is if you go bust. At that point, you can’t take any more cards because you’ve automatically lose.

To split is to separate a pair of cards on you first hand to create 2 new hands. This requires putting up an additional bet for the new hand. It also requires using each of those cards to be the first card in each of those 2 new hands. Those 2 hands are played out separately as if they were just additional starting hands.

A soft total is a hand that contains an ace which can count as 1 or 11. The thing about soft hands is that they’re harder to bust, because you can always change the value to 1. The total, when describing a soft total, is always counting the ace as 11. Once you have to count the ace as 1 to avoid busting, you have a hard total.

The house edge is the predicted amount of money you’ll lose in the long run of the game, on average, per bet. It’s expressed as a percentage of your action. If I saw that the house edge is 0.5%, this means that in the long run, you’re expected to lose 50 cents for every $100 you bet on the game.

Most casino games have a house edge of over 1%, and in most cases, it’s considerably more than 1%. The house edge in blackjack varies based on how closely you adhere to basic strategy decisions. The closer you get to following basic strategy perfectly, the closer you get to that predicted house edge.

Many players are so bad at basic strategy that they’re giving the casino an edge of 2% to 4%.

The house edge can be used to predict how much money you’ll lose in the long run. You multiply how much action you’ve brought by the house edge to get the expected loss.

Here’s an example:

You’re playing for $25 per hand, and you play for 12 hours per visit to the casino. You’ll probably average 100 hands of blackjack per hour, for $2500 in action per hour. Over 12 hours, that’s $30,000 in action. If the house edge is 0.5%, your expected loss for the trip on blackjack is $150. If you’re using the simplified basic strategy above, the expected loss for the trip on blackjack is $210. That’s a lot of entertainment for your money, especially compared to other games.

Take roulette, for example. The house edge for roulette is 5.26%. Assume you bet $25 per spin of the wheel in roulette and see 50 spins per hour. (Roulette is a slower game than blackjack.) That’s $1250 per hour in action, or $15,000 for the entire trip. Your expected loss on that action, though, is $789. That’s a HUGE difference.

Another factor I like to consider is whether my decisions make any difference when I’m playing a gambling game. I enjoy the challenge of making correct decisions that affect the outcome. There’s no opportunity for that in games like roulette, but in blackjack, there’s a mental factor that I enjoy.

This Simplified Basic Strategy Presented as a Chart or Table

Most presentations of basic strategy are done in the form of a chart or a table. I find it easier to memorize a list of 10 rules, but if you’re a visual learner, you might find the following tables easier to remember:

HARD HANDS

PAIRS*

*Play any other pair according to its hard total.

SOFT HANDS

S – Stand

H – Hit

D – Double

You can find this information presented in other charts and tables and in other forms. This is NOT the only simplified blackjack basic strategy on the internet.

If your ultimate goal is to keep the house edge as low as possible, you should memorize all of basic strategy. If you want to be a card counter and get an edge over the casino, you need as much help as you can get mathematically. If you just want to milk the casinos for comps, you can do that in blackjack, too, but that’s most effective when you play perfect basic strategy.

And even though we’re only talking about a difference of 0.2% or less, I think you should milk the game for everything it’s worth. To do that, you need to take the next step and master the full basic strategy. The easiest way to do that, to my mind, is to start learning the exceptions to that list of 10 rules in the simplified basic strategy above. Here are those exceptions:

HARD HANDS

Here are the exceptions to make to basic strategy in some situations involving hard hands:

• With a hard total of 12, you’ll hit if the dealer has a 2 or 3 showing. Otherwise, follow the strategy above.

That’s it. Now you know basic strategy for hard hands, perfectly.

SPLITTING PAIRS

You’ll notice that the simplified strategy only addresses 4 sets of pairs. To really master basic strategy, you need to know how to handle the other pairs, too. The only way to learn this is to memorize them:

• Split 2s, 3s, or 7s if the dealer has a 2 through 7.
• Split 4s if the dealer has a 5 or 6.
• Split 6s if the dealer has a 2 through 6.
• Split 9s of the dealer has a 2 through 6 or an 8 or 9. (Stand if the dealer has a 7, 10, or ace.)

SOFT HANDS

And here are the exceptions for soft totals:

• Double on soft 13 or 14 if the dealer has a 5 or 6. (Otherwise, hit.)
• Double on soft 15 or 16 if the dealer has a 4, 5, or 6. (Otherwise, hit.)
• Double on soft 17 if the dealer has a 3, 4, 5, or 6. (Otherwise, hit.)
• Double on soft 18 if the dealer has a

Basic Strategy for Insurance

Insurance is a side bet you can place when the dealer has an ace showing. The bet size is half your original bet, and if you win insurance, you get paid off at 2 to 1 on that bet. You win the insurance bet if the dealer has a 10 in the hole.

Of course, if the dealer has a 10 in the hole, he has a blackjack, so you lose your original bet immediately. Since the insurance bet is half the size of your original bet, and it pays off at 2 to 1, it’s a wash. You’ll win as much on the insurance bet as you’ll lose on your original bet.

The idea behind insurance is that the dealer has a reasonably high probability of having a 10 in the hole. The following cards in the deck are worth 10:

• 10
• Jack
• Queen
• King

There are 4 of each of these cards, for 16 cards total. 16/52 is close to 1 in 3, but not quite. It’s still a negative expectation bet. But…If you’re counting cards, and if the deck is rich in 10s—in other worse, the count is significantly positive—the insurance bet becomes a positive expectation situation.

If you’re just a basic strategy player, the rule of basic strategy is simple: Never take the insurance bet when it’s offered, no matter how much the dealer or the other players at the table seem to think it’s a good idea.

Blackjack basic strategy is easier to remember if you take it piecemeal. Some situations don’t come up often enough to make a huge difference to your bottom line, and they can be safely ignored to simplify the strategy. For example, if you have a hard 12 versus a 2 or 3, you should hit.

But you don’t lose much in that situation by standing instead. By just treating that 12 like a 13, 14, 15, or 16, you simplify what you need to remember tremendously. For players who are just learning basic strategy, learning the simple strategy first is the way to go. Once you’ve mastered that, you can start learning the rest of the possible situations which will come up.

If your goal is to become an advantage gambler (or a comp wizard), you should invest the time and effort to mastering every aspect of blackjack basic strategy. But if you’re just a recreational gambler, you’re probably just fine using the simplified basic strategy I’ve presented.

Betting Strategy For Blackjack Tournament

Many mathematicians have tried and failed to create the perfect betting strategy. Each betting system has its shortcomings no matter how badly someone tries to convince you that their strategy is guaranteed.

But does this mean that all betting strategies are total junk?

No, some strategies do have merit and provide short or even long-term results. The only catch is figuring out which betting systems are worth using.

Let’s discuss 10 wagering strategies that work. Some of these systems only work on specific games like baccarat or roulette, while others can apply to any casino game.

1. Betting 2% or Less of Your Bankroll

A common scenario for casual gamblers is to walk into the casino with around $200 dollars and make bets between $10 and $25.

This seems harmless in theory, if you’re gambling with expendable income. But the problem is that you’re very likely to run out of money this way.

One good idea that comes from sports betting is only risking 2% or less of your bankroll on any given wager.

Professional and serious amateur sports bettors do this to minimize their short-term risk. But you can really apply this system to any casino game.

Best Betting Strategy For Blackjack

• Your bankroll is $2,000.
• 2% of your bankroll is $40.
• You can place bets worth $40 or lower.

Pros of Betting 2% or Less of Your Bankroll

The biggest benefit to wagering 2% or less of your bankroll is that it keeps you in the game. You’re not risking chunks worth 5. 20% of your bankroll like most players.

This is helpful in any casino game from blackjack to Caribbean stud poker. But it’s especially useful in skill-based games like daily fantasy sports (DFS), poker, and sports betting.

The reason why is because skill-based games are prone to more streakiness than house-banked games. In these games, it’s common to experience long dry streaks that make you question if they’ll ever end.

The best way to get through them is by risking small amounts of your bankroll on each wager. Furthermore, you’ll dramatically lower your risk of ruin.

Cons of Betting 2% or Less of Your Bankroll

The first problem with this system is that most players don’t have a large enough bankroll to only wager 2% or less per bet. Under this system, you’ll need at least $1,000 in just to make a $20 wager (2%).

Professionals can afford to be disciplined like this because they have large bankrolls. But if you’re just a casual blackjack or craps player, you probably don’t walk into the casino with thousands of dollars.

Another downside is that some players find that this system doesn’t offer enough action. These same players may like varying their wagers from big to small depending upon how lucky they feel.

But, as long as you have a large enough bankroll, this system is definitely worth using.

2. The Martingale

The Martingale betting strategy has two things going for it:

• It’s easy.
• This system will theoretically provide a profit every time.

The Martingale calls on you to double bets after every loss. The goal is to always win back your losses and earn a small profit in the process.

You should also make even-money bets with the Martingale in order to simplify things and minimize your risk.

• You bet $10 and win (+10).
• You bet $10 and lose (0).
• You bet $20 and lose (- 20).
• You bet $40 and lose (- 60).
• You bet $80 and lose (- 140).
• You bet $160 and lose (- 300).
• You bet $320 and win (+20).
• Next bet returns to $10.

Pros of the Martingale

The Martingale’s best aspects include its ease of use and how it can theoretically be successful.

As long as you have the funds to continue doubling bets after losses, you’ll eventually win back your money. You’ll also book small profits along the way every time you win.

The Martingale is one of the best systems for those looking for consistent short-term profits.

Cons of the Martingale

The Martingale’s downside is that it’s an extremely risky strategy. You’ll be betting far more than your original wager after 5 to 6 losing wagers.

This can make you hesitant to pull the trigger on the next double bet. Even worse is that your bankroll will vanish if the losing streak continues.

Another problem is that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Otherwise, Mark Zuckerberg ($56 billion net worth) would always win with the Martingale because his bankroll would likely never run out.

You’ll eventually run into a losing streak that’s long enough to hit the table limit. In this case, you take a big loss because you can no longer double wagers to win everything back.

3. The Martingale in Skill-Based Games

We just covered how the Martingale is a very risky betting strategy. What’s more is that this system doesn’t do anything to alter the house edge.

But what if you could combine the Martingale’s effectiveness with skill?

This betting strategy can be profitable in skill based games like DFS and sports betting. Not only can you win back your losses with the Martingale, but you can also swing the odds in your favor with enough skill.

Here’s an example of how this works in DFS:

• You lose a $10 + $1 (fee) head to head contest (- 11).
• You lose a $20 + $2 head to head contest (- 33).
• You lose a $40 + $4 head to head contest (- 77).
• You win an $80 + $8 head to head contest (- 5).
• You win a $10 + $1 head to head contest (+5).

The tough thing about DFS contests is that you have to pay an extra 10% entry fee to the sites. But as the above example shows, the Martingale strategy can still help you book a profit even if you lose the majority of contests.

Let’s look at one more example involving sports betting:

• You lose an $11 bet (- 11).
• You lose a $22 bet (- 22).
• You lose a $44 bet (- 77).
• You lose an $88 bet (- 165).
• You win a $176 bet and earn a $160 profit (- 5).
• You win an $11 bet and earn a $10 profit (+5),

The drawback to sports betting is that the house takes 10% juice from the losing side. But the Martingale can still help you be profitable when you string together two or more wins.

Pros of Using the Martingale in Skill-Based Games

The great thing about using this system in skill-based contests is that you can overcome short-term variance by consistently winning back losses.

The sports betting example above shows how you can earn back your losses plus a small profit even after several losing wagers.

Another advantage is that you’re not just using the Martingale in a casino game with a house edge. Instead, you’re playing skill based games.

The end result is that you get the enviable combination of getting your losses back and having a chance to win long-term profits.

Cons of Using the Martingale in Skill-Based Games

You’re taking a risk on three fronts with this betting strategy:

• You might be at a skill disadvantage to opponents/other bettors.
• You’re still dealing with the Martingale risks.
• You must pay 10% fees (DFS) or 10% juice on losses (sports betting).

The first point is key because you could be facing an even worse proposition than house-banked casino games if you’re not better than opponents.

Add in the standard Martingale risks along with sportsbook/DFS fees, and non-skilled bettors are looking at a potential bankroll disaster.

4. Betting on Baccarat’s Banker Hand

Baccarat gives you three different betting options, including the banker hand, player hand, and tie bet. And the top system for playing baccarat involves making the banker bet every time.

The reason why is because the banker hand only has a 1.06% house edge. Compare this to the player hand and tie wager, which have 1.24% and 14.36% house edges, respectively.

Given that all you need to do is bet on the banker hand every time, baccarat is great for casual players who don’t want to deal with in-depth strategy.

Pros of Betting on the Banker Hand

The banker hand wager is one of the best in gaming. Only a handful of casino games offer a lower house edge than 1.06%.

The other advantage to wagering on the banker hand is that you don’t have to study strategy. Instead, you simply need to make the same bet every time.

Cons of Betting on the Banker Hand

The banker hand’s 1.06% house edge isn’t as harmless as it seems.

Mini baccarat games see anywhere from 120. 200 hands dealt per hour. This is 2. 3 times the hand rate that you’ll see in blackjack games and this exposes you more to the house edge.

Let’s look at the theoretical losses that you’d be facing in a fast-dealt baccarat game:

• You’re making $10 bets on the banker
• The table is seeing 200 hands per hour.
• This adds up to $2,000 in total hourly bets.
• We take 2,000 x 0.0106.
• Your theoretical losses are $21.20 per hour.

5. Value Betting

Value betting is the process of getting maximum value out of situations where you have a long-term advantage. This term is most often used in poker, but it can also describe how blackjack card counters operate.

Value betting requires being able to spot and take advantage of favorable situations.

One example is when a poker player believes they have the best hand and bets in a way that extracts maximum value from their opponent. Going further, their wagers need to be large enough to get the most value from the opposing player, yet small enough that the opponent won’t fold.

Another example involves how card counters keep track of the deck until the count swings in their favor. They then make larger bets to maximize situations where the deck is rich in 10s and aces.

Pros of Value Betting

Anybody who wants to make long-term profits through gambling can benefit from value betting. This is how poker pros and card counters earn their living.

In poker’s case, being good at value betting can separate you from opponents. Getting the most value out of your great hands will improve your profits in the long run.

Cons of Value Betting

The problem with this betting strategy is that it calls on you to have the following qualities:

• Being good at math.
• Being skilled in the game you’re playing.
• Being able to walk a fine line with betting.

Wagering too little prevents you from capitalizing on your best poker hands. Wagering too much pushes your opponents out of hands and keeps you from making money on future streets.

For card counters, betting too high in favorable situations can attract the casino’s attention. In turn, they’ll find out that you’re a card counter and ban you for life.

6. Taking Craps Odds

The best regular bets in craps include pass line, don’t pass line, come, and don’t come. But there’s another craps wager that’s even better than these called odds.

Craps odds is the best bet in the casino because it doesn’t have a house edge. Instead, you’re paid at your true odds of winning. And one of the top betting strategies that you can use includes continually backing regular bets with odds.

To place an odds wager, you need to first make a pass line or don’t pass line bet after a point has been established. You should also inform the dealer that you’re making an odds bet.

Here are the payouts for when you back a pass line bet with odds (a.k.a. taking odds):

• 2 to 1 on point numbers of 4 and 10.
• 3 to 2 on points of 5 and 9.
• 6 to 5 on points of 6 and 8.

Here are payouts for when you back a don’t pass line wager with odds (a.k.a. laying odds):

• 1 to 2 for points of 4 and 10.
• 2 to 3 for points of 5 and 9.
• 5 to 6 for points of 6 and 8.

Pros of Taking Craps Odds

Odds is the only bet where the casino doesn’t have a house edge. And what’s great is that you can reduce the house advantage to almost nothing by taking higher odds.

Here’s a look at how far the house edge is reduced based on the odds you take:

Cons of Taking Craps Odds

Casinos cap the size of odds because they don’t make long term profits off these wagers. The highest most casinos go is 5x odds, while others don’t even allow this amount.

A few Las Vegas casinos offer anywhere from 10x to 100x odds. And this seems like a dream based on how higher odds reduce the house edge further.

But the problem is that most players don’t have the bankroll to continue taking the highest odds available. If you put $10 on pass line and take 20x odds, you need an additional $200.

The average gambler doesn’t have this kind of money for a single bet, even if there’s no house edge involved.

7. The Labouchere

The Labouchere (a.k.a. cancellation system) is a negative progression betting strategy like the Martingale. The main difference, though, is that it’s less risky.

You start this system by creating a unit size. And the simplest way to do this is by choosing the table’s minimum bet.

The next step involves deciding how many units you want to win during your session. After deciding this, you create a string of numbers that adds up to your desired unit win.

You then add the first and last number in the sequence to determine your bet.

You cross off both of these numbers after a win. And you add the combined number to the end of your string after a loss.

Here’s an example of the Labouchere in action:

• You want to win 18 units.
• Your number string is: 3, 4, 5, 3, 3.
• Your first bet is 6 units (3 + 3).
• You win and your new string is: 4, 5, 3.
• Your next bet is 7 units (4 + 3).
• You lose and your new string is: 4, 5, 3, 7.

Pros of the Labouchere

One good thing about the Labouchere is that it gives you more freedom than most betting systems. You decide your unit size, desired profit, and how to achieve this profit.

Another good aspect to the cancellation system is that it’s not as risky as systems like the Martingale. Rather than doubling your bet following every loss to win back losses, you’re merely wagering a certain amount of units.

Cons of the Labouchere

The biggest problem with this system is that you’re forced to make a series of big bets during a losing streak. Let’s look at how this works by going back to the number sequence in the first example:

• Your number sequence is: 3, 4, 5, 3, 4.
• Your first bet is 7 units.
• You lose and your new string is: 3, 4, 5, 3, 4, 7.
• You lose a 10-unit bet and your new string is: 3, 4, 5, 3, 4, 7, 10.

This isn’t as bad as doubling your bets after every loss. But most players won’t feel comfortable wagering between 7 and 10 units for several bets in a row.

8. Making Even-Money Bets in French Roulette

Roulette offers three main variations, which are American roulette, European roulette, and French roulette. The best version is French roulette because it only has a 1.35% house edge.

French roulette is played on a European wheel (37 numbers). But the difference between European and French roulette is that the latter has the la partage rule.

La partage pays half your bet back on losing even-money wagers that land on zero. This effectively cuts the European roulette house edge (2.70%) in half as long as you stick with even-money bets.

Pros of Even-Money French Roulette Bets

The best aspects to making even-money bets with French roulette include the low house edge and excellent probability of winning.

As for the latter, you have a 48.64% chance of winning red/black, odd/even, and high/low. This is even better than your chances of winning a blackjack hand (42.22%) or baccarat hand (45.85%) when ties are accounted for.

The high probability of winning and the low house edge combine to create low volatility. And this is perfect for players with small bankrolls who want to last in casino games.

Cons of Even-Money French Roulette Bets

The biggest problem is that you can’t find French roulette in most land-based or online casinos.

France, Germany, and Monte Carlo offer a fair number of French roulette games. But the game is sparsely found in most other countries.

Any online casino with Microgaming or Realtime Gaming software will offer French roulette. Cryptologic (NYX Gaming) also has a European roulette variation that’s actually French roulette.

But beyond this, you’ll have a hard time even finding French roulette online.

9. Oscar’s Grind

Oscar’s Grind is another negative progression strategy in the same vein as the Martingale or Labouchere. But this one is more complicated.

You start off by betting 1 unit. And you keep your unit size the same when you’re in a winning or losing streak.

You increase your bet by 1 unit whenever you win following a loss. The bet size stays at this level until you lose, then win again.

The overall theme is to chase losses following losing streaks. Here’s an example to illustrate Oscar’s Grind:

• You bet 1 unit and lose – Bet stays the same (bankroll at. 1)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 2)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 3)
• You bet 1 unit and lose – Bet stays the same (bankroll at. 4)
• You bet 1 unit and win – Next bet becomes 2 units (bankroll at. 3)
• You bet 2 units and lose – Bet stays the same (bankroll at. 5)
• You bet 2 units and lose – Bet stays the same (bankroll at. 7)
• You bet 2 units and win – Next bet becomes 3 units (bankroll at. 5)
• You bet 3 units and win – Bet stays the same (bankroll at. 2).
• You bet 3 units and win – Next bet becomes 1 unit (bankroll at +1).

Once you book a profit following a losing streak, you start the process over again.

Pros of Oscar’s Grind

The good thing about Oscar’s Grind is that it allows you to chase losses without going overboard. You’re only increasing bets by 1 unit following a losing streak, which is less risky than both the Labouchere and Martingale.

The other benefit is that Oscar’s Grind is less likely to reach the table betting limit than the other two systems. This minimizes the problem of running into the table limit during a lengthy losing streak.

Cons of Oscar’s Grind

The first downside to Oscar’s Grind is that it’s more confusing than both the Labouchere and Martingale.

Examples help with learning Oscar’s Grind. But it’s not the easiest to start with if you’re new to betting strategies.

The other problem is that this system is also subject to risk and table limits if you use it over a long time period. The risk is minimized with Oscar’s Grind, but there’s still a small chance that you’ll run into a table limit.

10. No. 12 Seed vs. No. 5 Seed in March Madness

One of the worst kept secrets about March Madness betting is that No. 12 seeds are a good bet to beat No. 5 seeds.

The four No. 12 seeds in the NCAA Tournament usually face long odds to beat the No. 5 seeds. But they also have a high success rate when considering the disparity in rankings.

At least one No. 12 seed has beaten a No. 5 seed in the first round in 16 of the past 17 NCAA Tournaments. Over the past five years (2013 to 17), nine No. 12 seeds have triumphed in the first round.

Pros of Betting on No. 12 Seeds

You can win quite frequently by betting on No. 12 seeds to beat the spread.

In the last nine March Madness events, No. 12 seeds have gone 23-12-1 against the spreads (ATS). This includes an impressive 11–4–1 ATS over the past five seasons.

These low seeded teams can also earn you big profits through straight up bets. No. 12 seeds have a decent chance of winning versus the long odds they carry.

Betting Strategies For Blackjack Card Counting

Cons of Betting on No. 12 Seeds

The problem with betting on No. 12 seeds is that they lose a majority of the time.

This isn’t to say that you shouldn’t still bet on No. 12 seeds, because they’ve been profitable over a long time period. But you still need the handicapping skills to determine which No. 12 seeds have a chance of winning, or at least covering the spread.

One more drawback is that you only have four chances to make these bets every year. This leaves you with a very limited opportunity to take advantage of No. 12 seed bets.

Conclusion

Betting strategies should never be viewed as a way to make guaranteed profits and replace your day job. But some of them can be highly effective over the short run and spice up your gambling sessions.

Good Betting Strategy For Blackjack Card Game

The most reasonable strategies include betting less than 2% of your bankroll, wagering on the banker hand, taking craps odds, and making even-money bets in French roulette. These help you pull in consistent wins and limit the risk factor.

Good Betting Strategy For Blackjack Games

Riskier systems include the Martingale, Labouchere, and Oscar’s Grind. The latter is the safest of these betting systems because you don’t increase your bet as much following losses.

Good Betting Strategy For Blackjack Game

You can also make long-term profits with betting strategies if you’re skilled enough. These strategies include value betting, using the Martingale in skill based games, and wagering on No. 12 seeds in March Madness.

As you can see, there are a variety of working systems that cater to different interests. And wagering strategies can also make gambling more exciting.