Blackjack Money-Management Systems

There are lots of bad blackjack betting systems that can, if they are presented in a way that camouflages their weaknesses, may seem to be a sure money-making method. Sometimes, when the pattern of losses and wins follows a predictable and specific pattern, they can be effective in order to increase player's winnings or minimize the losses. But since predictability is not in blackjack, more frequently the player may get the opposite result.

Progressive-2

"Level two" progressive betting system is simplest. The player should decide on a max and a minimum amounts for bets. The player makes the smaller bet after a loss, and the larger one after a win. For example, you choose $5 as a minimum bet and $15 as a max amount. You start with the smaller amount. If you win you bet $15 and then continue to wager $15 until you lose. After the loss you go back to the minimum bet of $5. This is a really simple strategy, but it is considered an advanced betting system.

In theory and in practice, the player who uses this system maximizes his profits on winning streaks and minimizes them on losing ones.

However, the player always makes the larger wager on the losing hands. And overall, the outcome a 100-hand session that is played by the progressive-2 will depend on how the cards have come out. If the player has often the winning streaks, he will come ahead. But, the belief that streaks happen with certain regularity is superstition.

Progressive-5

The progressive 5-level system is also a simple system, based on a 1, 2, 3, 5, 1 progression (another popular one – 1, 2, 3, 6, 1). For example: a $5 player who uses this system should bet $5, 10, 15, 25 and then $5 again. If the hand loses the player will go back to the original $5 bet.

The progressive 5-level is successful when lots hands win and does not hurt the player if he loses lots of hands as well. For example, you put a $5 starting bet and if your first 3 hands lose but the next three win, you would be ahead with $15 after 6 played hands. However, the system fails if certain sequences, like: win, loss, win, loss, win, loss happen. In this case, it would be better to make an equal bet each hand. Nevertheless, there is a risk when you take attempts to earn from 3 winning streaks or even more. In fact, in spite of the involved risk, the risk is minimal when the player uses a basic strategy and makes an equal bet on each hand. Online blackjack implies winning streaks and also losing streaks, so when using the progressive betting systems you may enhance your chances of profits.

In fact the five-level progressive system will increase the player's profits on winning streaks and minimize them on losing ones.

Overall, it is a system the outcome of which will vary unpredictably from a net profit to a net loss depending on how the cards come out.

Fibonacci

The Fibonacci betting system is based on the Fibonacci Sequence, which was developed by Leonardo Pisan, the Italian mathematician. The sequence is following: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 and so on. As you probably see, the next number in the row is the sum of the two previous numbers. Using the Fibonacci, the player starts making one unit bet. If the first hand wins, there is no sequence and the player will bet 1 unit again. If the first hand loses, then the player writes down ‘one’ on a piece of paper.

The following number in the sequence shows the next bet size. For instance, the next bet is one unit. If there is a loss again, the next bet will be two units. If the player wins, he should cross out the last 2 numbers in the sequence. The player ends the sequence when he has crossed out all the numbers.

The Fibonacci is less aggressive than, for example, the Martingale. It takes a longer sequence of losses to ruin you than when you use the Martingale System. But, in the long run it will not bring you a profit. In the end, a long row that can wipe you out may occur.