My strategy...suggestions please

[itzmemike]

alright i do not play blackjack much and was thinking about it alot during class today. but anyways i developed this strategy that i thought might work but i am not sure what the chances are of losing (x) amount of hands in a row at the casino and i wasnt sure what most casino limits were.

heres how it works, you have a $1200 bankroll and if lose 5 hands in a row your basically done. but i wasnt sure how often you lose 5 hands in a row cause ive never played at a casino thats where you guys come into play.

so i bet 25 for every bet even if i win i keep betting 25 until i lose
then it basically goes like this
25 if i lose then go to(x)
75 x
150 x
300 x
600 x

and if you win at any time during those hands you reset at 25. i know its pretty risky but you come up 50 bucks every time your hand wins and thats when you start over at 25.

ideas?

[callipygian]

Originally Posted by itzmemike

i wasnt sure how often you lose 5 hands in a row cause ive never played at a casino thats where you guys come into play.

Probability of winning: ~43%
Probability of losing: ~49%
Probability of pushing: ~6%

So 0.49^6 = 0.0283 ... about 1 time in 35, or after 20 minutes of play.

Originally Posted by itzmemike

ideas?

This is similar to the Martingale Progression. You will make a small amount of money most of the time, and lose your entire bankroll occasionally.

It's a sucker's bet.

[Guynoire]

Try your system at the strategy trainer on this site and see how long you last.

[Shwam]

Original poster: What happens when you lose 10 bets in a row and now you're always betting the table maximum in an attempt to recover, but losing more of those bets than winning?

[itzmemike]

so i guess its a bad idea

[shadroch]

Originally Posted by itzmemike

so i guess its a bad idea

Its a very bad idea, but its an idea almost everyone has thought of at some point. Don't be too discouraged,but don't try to reinvent the wheel, either.

[beyondbj]

pls dont daydream

my worst lost is 160 bets in a few days

my friend lost 150 bets within two hours !

[itzmemike]

so how do i win!?!?!?

[Sonny]

Originally Posted by itzmemike

so how do i win!?!?!?

This short list should get you started:

http://www.blackjackinfo.com/bb/showthread.php?p=21994

You can also find information in the Frequently Asked Questions thread and the Free Couinting Resources thread in the Card Counting forum.

-Sonny-

[callipygian]

Originally Posted by itzmemike

so how do i win!?!?!?

In a very broad overview, you win by putting more money down when you have the advantage, and less money down when you have a disadvantage.

Sonny's links explain how to tell when you have the advantage, and how much you need to increase your bet to offset the disadvantage that you play through.