Money Management and Discipline in Blackjack

Using Betting Systems in Blackjack

I could go on and on about my theories on playing blackjack, but it was stated up front that this article is about money management and discipline – not the banging around of the rules of the game, etc.

Since blackjack is considered a 50-50 game, which of course it isn’t, then the regression system betting method is perfect for you. There are other betting systems like the Labouchere, 1-2-2, and mini-Martingale moves that you may like better, but in my humble opinion, the regression is for you.

The sentence containing “my humble opinion” is my way of saying: “Do it my way – the method will surely cut your losses at this rough game.” Anyway, let’s wrap up blackjack by touching on some things you might like to have brought out. Vigorish should stir a few snide remarks from my critics. I have a long been an opponent of that crap about how Vigorish eventually brings down anyone who gambles. Baloney!

Vigorish is the hammer the house and the bookie holds over us. It’s always gonna be there. If you’re gonna gamble on anything, get to realize that the hidden Vig is always there. So, if you decide to continue gambling, use money management and the discipline tactics I lay out for you. It’ll cut losses and eventually you’ll learn to accept small wins, or have I said these things before?

Anyhow, the Vigorish against the blackjack player is 1.51 percent and that is if you are a perfect basic strategy player. It sounds like a small percentage but look under the rock. All of our decisions are based on the dealer’s up-card, which can be one of thirteen cards. The 9, 10, J, Q, K, Ace is deadly.

The 2 and 8 leave us shaking a little less in our boots, but still lean toward a house edge. That leaves only 3, 4, 5, 6, 7 where we feel great. That’s only five out of thirteen times that we got a legitimate shot. Five out of thirteen! That don’t seem like 1.51 percent to me. And I know I’ve said that before.

Finally, card counting is a myth. People think card counters have a license to steal. Counting will help you, but it ain’t a key to the vault. I wrote a book on card counting and stated right up front that counting cards would help you know the in-balance of large cards to small cards and is definitely a help at blackjack, but it ain’t the cure-all.

Counting lets you know how many power cards (9, 10, J, Q, K, Ace) are left in the deck, as opposed to small cards. Since a neutral deck starts with sixteen power cards and thirty-six small cards, Aces included as a small card, you wanna find out when this percentage changes drastically enough to change your basic strategy.

For instance, if a lot of small cards have been played, the shoe or deck is full (or rich) in power cards. That means the counter, if he is dealt a hard 15 or 16 vs. the dealer’s power card, would change his basic strategy and stand with that 15 or 16, because of the dominance of ten-value cards. He is in danger of breaking by calling for a hit.

Just remember that counting cards help you with basic strategy and that is important – but it doesn’t mean you can quit your lay job. A person without an umbrella in a rain storm is gonna get wet. Even a counter without money management and discipline in a Blackjack game is gonna get drenched! So there!

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Wagering Opportunities in Blackjack

Keep in mind a few things on this game of “21” as it pertains to comparison with other table wagering opportunities:

1. It’s the toughest game in the house, because based on the dealer’s up-card; we only have five chances of being in a “comfortable situation”
2. It’s a tough game for streaks
3. My suggestion is after three straight losses – leave that table. If you won’t accept three, then four straight is a must
4. Use the regression betting system
5. Set 40 percent of your starting session money as a loss limit
6. Shoot for 20 percent return on a decent session amount of at least $400
7. If you have a small session amount – you can go for 30 percent, but anything higher and you’re pushing
8. Counting helps but it is not a cure-all
9. Accept small returns
10. Only double and split vs. dealer’s weak cards of 3, 4, 5, 6, and/or 7
11. Never double or split vs. power cards of 9, 10, J, Q, K, Ace
12. The 2 and 8 are tricky, so I lump them in with power cards and rarely attack them
13. If you get ahead at a table – never give it all back
14. Go over number 13 again. Say you get ahead $40 with a 100 buy in. Don’t give it all back – even if you pocket $10 and walk
15. Accept small returns and set loss limits – Or have I said hat before? (Must be important messages)

A Reminder on Card Counting

A quickie reminder on counting. Even if you don't get deep into a complete counting method – at least keep track of Aces, because you need them for blackjack, splitting vs. weak dealer cards and as a double down partner with soft 13, 14, 15, 16, 17, and 18. There are four Aces per deck and we'll say the casino is using six decks, with two decks buried. That means there are sixteen Aces you should have in those four decks.

Every time an Ace shows, slide a white one dollar chip to the side. When you compare your white chips to the amount of cards in the discard tray, you can ascertain how many Aces should have been played. If two decks were played and eleven Aces were used, you're in a lousy position. Leave the table or at least visit the John until that shoe is done. Finally – basic strategy is needed in blackjack, but money management is needed more.

Maybe you don't realize that yet!

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