What betting strategies do you use?

[2deal2]

WE all need betting strategies. What's the best for online casinos especially and 1-Deck and 4-Deck games?

[LeonShuffle]

Flat and small.

[zengrifter]

And, with a large deposit bonus. zg

[BlackjackRebel]

I use a 50% positive progression. All the math experts say that it isn't any different than flat betting in the long run. I still do it because it increases the entertainment value of my play and my short term (10 years of play is considered short term in the universe of blackjack mathematics) results have been positive.
I don't advocate anyone else doing what I do. Everyone chooses their own style of play.

[E-town-guy]

Originally Posted by BlackjackRebel

I use a 50% positive progression. All the math experts says that it isn't any different than flat betting in the long run.

One thing it does do is it increases your avg. bet, but if you're just trying to complete a WR it should be the same thing in the long run just with more variance.

[LeonShuffle]

In all honesty, I do use a positive progression sometimes when going for bonuses. It certainly doesn't help in any way and it could actually hurt a little but it breaks up the monotony in that it actually gets a little exciting when I have a "big" bet out there ($10 maybe).

[AsparaChief]

I finally got it through my head that betting strategies dont change EV and I feel like it freed me up to bet whatever I wanted. I enjoy the exitement of big swings and i wont soon forget switching my bet from $5 to $50 and hitting BJ. The way i see it, if increasing entertainment doesn't hurt EV then do whatever feels right.

One caveat: After playing a few hands at $15, hitting BJ on a $5 almost feels like a loss. I found myself wanting to bet higher to chase the thrill and I'd have to take a breath and calm myself down.

[zengrifter]

Originally Posted by AsparaChief

I finally got it through my head that betting strategies dont change EV and I feel like it freed me up to bet whatever I wanted. I enjoy the exitement of big swings and i wont soon forget switching my bet from $5 to $50 and hitting BJ. The way i see it, if increasing entertainment doesn't hurt EV then do whatever feels right.

One caveat: After playing a few hands at $15, hitting BJ on a $5 almost feels like a loss. I found myself wanting to bet higher to chase the thrill and I'd have to take a breath and calm myself down.

A $50 bet has a 10-fold increase in -EV than a $5 bet, and a 50-fold increase in variance (swings). I take it all back! Please use your progression scheme! Oh, and REALLY/TRUELY: Learn correct BS for real, no bullshit. zg

[noshoes]

How can you say you know what effect it has on his variance? EV is an easy one. He's expected to lose $2.50 on his $50 and $0.25 on his $5. What effect does that have on variance though. I understand variance to be a result of the cards coming out or a result of the bankroll. How can you know his variance if you don't know his bankroll size?

[LeonShuffle]

I think what he's saying is that, suppose you played $10,000 worth of blackjack: You should have lost $50 according to the .5% house advantage. If you had made 10,000 $1 bets, you'd be pretty damn close to that number. However, if you had made 100 $100 bets, although your EV is still a loss of $50, the variance is much higher.

P.S. He's expected to lose $.25 on his $50 and 1/4 of a penny on his $5.