How Much Should I Bet On Blackjack
Blackjack card counting requires a great deal of skill. After all, it’s an advantage gambling method that can provide an edge over the house.
Therefore, most blackjack players think that counting cards is all about the skill. They believe that if they’re good enough, they’ll make profits no matter what.
Here is a general rule: always buy-in with at least 50 times the minimum bet. Here are the facts on the flat betting blackjack strategy. If you bet say $5 on every hand in a standard multiple deck game the house will have an edge of 0.5% against the skilled basic strategy player. That means you will lose on average 0.5% of every wager you make.
This belief is true to some degree. However, one also needs a large bankroll to guarantee profits.
The following guide covers why you need significant money to make it as a counter. It also discusses how to determine the right amount of funds for when you are counting cards.
Most Card Counters Don’t Start With Enough Money
The average card counter doesn’t make it very far. They quickly flame out due to one or more reasons.
Here are some common reasons for why most card counters fail:
- Not skilled enough
- Not able to keep up with the dealer’s speed when counting
- Getting easily distracted by the casino environment
- Not knowing when to increase and lower bets
All of these are crucial problems that can derail a card counter before they even get started. But as you’ll notice, bankroll management isn’t listed among the above reasons.
Of course, nothing is stopping you from embarking on a card counting journey with $250. As you’ll find out later, though, $250 doesn’t provide much of a safety net.
Volatility – Crushing Card Counters Since the 1960s
People have been successfully and unsuccessfully counting cards since 1961. This is the year when Edward Thorp dropped his famous book Beat the Dealer, which taught numerous gamblers how to count cards.
Of course, most early APs didn’t make it very far. They might have picked up on Thorp’s counting advice, but they didn’t know much about volatility.
The latter is crushing to any underfunded card counter. Most APs only gain between a 1% and 1.5% advantage through counting.
A 1% edge is enough to make long-term profits with large bets. However, it isn’t a big enough advantage to guarantee profits every night.
You may experience really hot nights and win big some days. On others, though, you’ll lose to the casino even when doing everything right.
Again, the 1% advantage provides enough of an edge to win. But it also leaves you quite vulnerable to volatility.
You Need Enough Money to Properly Spread Bets
Casinos force you to wait until the beginning of a shoe before playing real money blackjack. They indicate this with signs on tables that read, “No mid-shoe entry.”
Therefore, you have no advantage upon first sitting down to a table and playing. You must count cards until verifying that a deck is rich in 10-value cards and aces (i.e. a positive count).
Once the count becomes positive, you want to increase your wagers to capitalize. This act of “bet spreading” is where you make profits.
Here’s an example on how to properly spread bets:
- A table features a $10 minimum bet.
- You increase your wager to $25 with a +1 count.
- You increase your bet to $50 with a +2 count.
- You increase your wager to $75 with a +3 count.
- You increase your bet to $100 with a +4 count or higher.
Once you start risking $50 or more per hand, you’re essentially playing high-stakes blackjack. At this point, you need significant money to bet $50, $75, or $100 on every hand.
You can’t do this for any sustainable amount of time with $500 or less. Instead, you need enough funds to comfortable bet up to $100 no matter if things are or aren’t going your way.
Guidelines on How Much Money You’ll Need to Count Cards
You can take one of two main approaches to card counting:
In the first case, you don’t need as much money to get started. After all, you’re the only one placing bets and taking profits.
You should be able to comfortably count cards with a $7,000 or $8,000 casino bankroll. Of course, having more than this is even better.
As for counting with a team, you need both “spotters” and a “big player.” Spotters spread out to different tables and count cards.
However, a spotter never raises bets, meaning they’re always facing a house edge. The spotter’s main role is to signal the big player (BP) when the deck is hot.
A BP can then sit down and immediately start placing big bets. In this manner, they never attract suspicion from casino staff members for bet spreading. They simply look like a high roller who’s benefiting from good fortune.
How Much Do You Have To Bet On Blackjack
With spotters and a BP, card counting teams need additional starting capital. For this reason, a team should begin with anywhere from $18,000 to $23,000.
Calculating a More Specific Casino Bankroll
You can likely get started with little trouble when using the aforementioned general guidelines. However, you might also want to develop a plan that’s specifically tailored to you.
Here’s a generic example on getting started with calculating your bankroll:
- You count for around 300 hands per night (approx. three hours).
- Your average bet size is $40 when including the minimum wager and bet spreading.
- 300 x 40 = $12,000 in total wagers
- You hold a 1.5% edge.
- 12,000 x 0.015 = $180 theoretical profit per night
As seen in this example, you’ll bet $12k on average during each outing. You stand no chance of losing all $12k in a single night.
You’ll probably never lose 50% ($6k) of this amount either. However, you might lose up to 10% or more of your bets during a really bad night.
Using the above example, losing 10% of these bets means shredding $1,200 of your bankroll in one day. Assuming you go with the $7k or $8k general requirement, though, you can handle terrible nights.
The key is that you have enough money to get through the rough points and eventually make profits. You have the edge; you just need enough cushion to absorb losing nights and soldier on.
Gambling Cost Considerations
Your expenses likely won’t stop at just blackjack bets. You may also need money for traveling and food.
Assuming you choose to become a professional gambler, you’ll undoubtedly need to travel at some point. The longer you count cards, you will eventually be banned from one or more casinos.
However, you can prevent or at least minimize the amount of times you get banned by moving around. For instance, you may count in Las Vegas for one month, Atlantic City for another month, then finish the trip in Mississippi.
Your goal should be to move around and count cards as cheaply as possible. You can stay in cheaper hotels and eat at reasonably-priced restaurants. Other expenses will crop up as well, such as entertainment, fuel, and clothes.
Of course, you might not have many additional expenses at all when only counting locally. The downside to this, though, is that you stand a bigger chance of getting banned.
Casinos will be better able to recognize you in this case. Assuming you’re really serious about card counting, then you’ll want to consider traveling rather than staying in one spot.
Get Serious About Counting Cards Today
Counting cards can be as cheap or expensive as you want it to be. You can always walk into the casino with a few hundred dollars and hope for the best.
If you want a real shot at winning serious profits, though, then you should bring more money rather than less.
As covered earlier, $7k to $8k is adequate for a solo counter. A team, meanwhile, should have between $18k and $23k.
You can always use variables from your own counting experiences to get a more-concrete solution on your bankroll. You may need more or less money based on your bet sizes and how many hands you play. Please reference the earlier example if you need help getting started in this area.
More specifically, assuming an initial stake of $100, $5 flat betting with basic strategy on a Vegas 3:2 table with six decks.
My goal is to get $100 up and as a rule will then leave the table.
The question is, how much can I get down before getting to my goal of $100 up becomes seriously improbable.
My gut feeling is that once I drop below $40-50 it is a good time to go.
However, I was just wondering if there was any math to backup the typically irrational gut.
And I do get that actually winning is mathematically improbable to start with.
------------------PLEASE SEE MY POST BELOW AS I TRIED TO CLARIFY MY QUESTION------------------
I think the casinos thrives on people with limited funds. They are the ones sitting there playing $5 a hand, every hand, and not pressing , splitting or doubling down every chance they get. They lose, like you say, $40-50 and walk. I may be down $2-300 at some point but have the bankroll to continue play come back. I've played 4-5 hrs just to come back and break even. I think if you have to walk based on your bankroll you probably shouldn't be playing or expect to win very often.
For me, it's like a roller coaster. I'm either up $300 or down $300. It's just a matter of leaving when I am up.
I don't sit down unless I have at least $800-1000 and prepared to play 6-8hrs, if necessary. And that's at a $5 table!
Good luck to you.
Does anybody have a good rule for getting up from the blackjack table for someone playing basic strategy?
More specifically, assuming an initial stake of $100, $5 flat betting with basic strategy on a Vegas 3:2 table with six decks.
My goal is to get $100 up and as a rule will then leave the table.
The question is, how much can I get down before getting to my goal of $100 up becomes seriously improbable.
My gut feeling is that once I drop below $40-50 it is a good time to go.
However, I was just wondering if there was any math to backup the typically irrational gut.
And I do get that actually winning is mathematically improbable to start with.
A $50 loss = 10 consecutive losses. I've seen 10 consecutive losses in BJ using perfect strategy so many times I wanted to puke. I've seen players martingale 10 consecutive losses and look much worse. You should leave when:
1.) The game no longer becomes fun.
2.) When the players / dealers stink literally or figuratively
Blackjack Side Bet Odds
3.) When you hit a predetermined loss limit based on your own risk tolerance.If you're thinking of leaving at a $50 loss, your risk tolerance is probably even less than that. It might be somewhere around $25 or 5 losses. See how you feel at walking away from the table at a $25 loss, and clear your head before jumping into the next game. I caveat one thing though, setting a win goal of 1X bankroll seems a bit aggressive to me. Assuming I'm up in BJ, I walk when I:
1.) obnoxious people enter the game
2.) shoe ends and new shuffle begins
3.) and from a dollar perspective, I lose 50% of the peak value of my profit starting from a profit level of $40 (at $5 mins). Under $40, I keep going.
However, I wanted to clarify my question as my interest is really independent of actual specifics regarding initial stake, min bets and when to walk away.
What I was interested in is with an initial bank roll starting at X and a fixed goal of Y what is the mathematical probability of actually achieving it, and does the probability of getting to my goal of Y increase, decrease, or remain the same depending on the positive or negative changes in bank roll of X.
In other words, is there math to support my notion or hunch that the further I get from a goal of Y the probability of not achieving it increases? And is that decrease in probability a straight line or a curve.
As I keep reading about blackjack, you keep hearing that playing by your gut is a bad idea. So the intent here is to have a better understanding of the dynamics of the game in order to make realistic decisions at the table. Intent is to reasonably set a goals and to understand when your chances to get there have become unreasonable. I am just looking for something, if possible that is more informed than my ever expanding gut.
I am no math genius so if my question is ridiculous then please tell me so and I will gladly go away.
Thanks again for your consideration
'When my search for an old-fashioned 21 table took me to the upscale Venetian, I found a couple of high-stakes tables offering a decent game of double-deck blackjack. But with a $200 minimum bet -- and figuring that a blackjack bankroll ought to be 50 times the basic wager — $10,000 seemed like an excessive amount to risk for a few hours of honest fun.' LA Times
I have heard 10x (if you flat bet) all the way to 200X base bet (based on 20hrs play).
Lots of variables. I play in Canada and Vegas. BIG DIFFERENCE! I lose 10 hands in a row in Vegas & I walk and go to another of a thousand other tables. In Canada, you don't have that luxury. You walk from one table and there may not be another BJ table open.
Basic strategy & your betting strategy is a big factor too.
I play basic strategy by the book. I also bet 1x, 2x, 3x, 5x ($5-$25). I go back to 1x if I lose or win 5x. These people that guess and 'think' make me crazy. 'Oh, I thought the dealer had a 5 underneath.' WT.....? My system works for me. No guessing or crystal balling.
Now I am just rambling. Good question and good luck with the answer.
Does anybody have a good rule for getting up from the blackjack table for someone playing basic strategy?
Not really. Well, when you have seen a lot of aces come up recently. You don't have to count, but just avoiding playing in a seriously cold shoe can save you a lot of money.
My goal is to get $100 up and as a rule will then leave the table.
The question is, how much can I get down before getting to my goal of $100 up becomes seriously improbable.
There is no hard limit really. I've been down to 62 bets not so long ago, with a bankroll of 200 bets - and left with 210. Didn't want to try my luck or rather nerves further, one close call (I had a soft stop loss at 40 bets, so that was 22 till the curtains) is enough for one day. That's not counting outright miraculous recoveries from the last few bets.
Variance in Blackjack is massive, going down to 1/3 and up to 2x the bankroll in a session is nothing unusual.
As a general rule, I suggest quitting when one is down to 20x average bet, or 40x base bet, but since you start out with less than 40x, that's clearly not an option. You should hard-quit when you have less than 4 bets (or better 6), though, since past that you can't take full advantage of doubles and splits.
If you start at $50, trying to get to $200, your probability of success is 50/200 = 25%. Your CURRENT bankroll is a big factor in trying to get to some preset win goal.
In general, your probability of success is (current bankroll) / Y.
So, let's say you want at least a 10% chance of getting back to $200, you need to leave at $20.
But... if your stop loss is at $20, your bankroll X isn't actually $100, it's only $80, which adjusts the initial probabilities. That is, you are only fooling yourself if you go in with $100, thinking that is your bankroll, when you plan to leave if you drop to $40. It's good practice to have a stop point, and the higher it is the less you lose, but for calculating the original probability of success, you have to use your real bankroll.
How Much Should I Bet On Blackjack Tonight
Say you plan to only lose $60, or win $100. probability of success is 60/(100+60) = 37.5%
Blackjack Bet Spread
Does anybody have a good rule for getting up from the blackjack table for someone playing basic strategy?
More specifically, assuming an initial stake of $100, $5 flat betting with basic strategy on a Vegas 3:2 table with six decks.
My goal is to get $100 up and as a rule will then leave the table.
The question is, how much can I get down before getting to my goal of $100 up becomes seriously improbable.
My gut feeling is that once I drop below $40-50 it is a good time to go.
However, I was just wondering if there was any math to backup the typically irrational gut.
And I do get that actually winning is mathematically improbable to start with.
No. I have one rule: if I get up, say $50, on BJ or any slot, I never quit with a loss. I will cash out with a $5 profit. Even a $1 profit on a slot. Nothing worse than turning a good win into an actual loss.
------------------PLEASE SEE MY POST BELOW AS I TRIED TO CLARIFY MY QUESTION------------------