How to Handle Your Blackjack Winnings

On 02.07.11, In Blackjack Betting, By Vivi

There is one thing that blackjack players do that casinos love. And that one thing is reinvesting their winnings into their bankrolls.

It is a very easy thing to do and most blackjack players do not realize that they do it. They win a round, accept their chips and add the chips they just one back into their pile of chips. More rounds happen and before the blackjack player is even really aware of what has happened, he finds not only is his original bankroll depleted but his winnings are gone too.

Now such a thing is entirely avoidable and very easily avoidable. It just takes a little bit of minding and discipline.

When you win a round of blackjack, be it by being dealt a natural blackjack or by simply beating the dealer, take your winning chips and pocket them. The point is to keep your winnings separate from your bankroll. If you keep your winning separate from your bankroll, and should the worst happen you lose all of bankroll, you can still walk away with some money. And even if you do not lose your bankroll, you will stay know that you have come away with money.

The added benefit is knowing that you are sticking it to the casino. They not only hope but expect blackjack players to play with their winnings only so that the house can win the money back. Plus take your bankroll. It is always about money, casino simply do not want to give it up.

The best thing that a blackjack player can do for their winnings is to pocket them and not mix them in with their bankroll. Mixing it in with your bankroll is the first step to handing your winnings right back to the casino.

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Betting Systems Should Not Be a Part of Your Blackjack Strategy

On 10.08.10, In Blackjack Betting, By Vivi

Novice blackjack players sometimes make the mistake of using a betting system in place of a betting strategy when playing blackjack.

A betting system differs from a betting strategy in that a system has a formula that it follows, an order to how wagers are made. Players are not supposed to deviate from that order otherwise they mess the system up.

It is the need to stick to that wagering order that makes betting systems so limiting. If luck is not with the player and the outcome of a few blackjack rounds goes badly, a player is stuck in the system.

The betting system is supposed to make the most of a losing or winning streak in order to make up for losses. Systems are created so that players feel that they cannot quit using it if losses become too great because how would they make up the losses? But if they keep losing they are not going to make up the losses. Take a look at this example of the Labouchere negative progression betting system:

You would start out wagering $5. If you lose a round you double your wager in the next round to $10. Lose the second round and you will be betting $20 on the third. Losing the third would mean doubling your wager up to $40. Lose the $40 round and your fifth round is $80. Lose that round and your next will have a wager of $160. You can only return to your original $5 wager when you win a round.

This is how betting systems can veer out of control. No matter if you are using negative beating system like the one in the example, or a positive betting system, they are all built on the principle that you will be due to win.

In truth you are not ever due to win in blackjack. The odds change with every hand, but you can only expect to win 48% of the time and lose 52% of the time on average. But depending on what cards have been played, your odds will swing.

To put your bankroll in the hands of a betting system based on the principle that you are due to win when such a principle does not exist in blackjack is just a bad idea. If you like your bankroll do not use a betting system when playing blackjack.

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