is it true with every hand I lose, I am one closer to a winner and therefore should increase my bet everytime I lose
- Jeffrey KLv 62 weeks ago
No. What happens when you have a long losing streak and you've lost all your money?
- 1 month ago
No, not at all l true.
- zman492Lv 71 month ago
Increasing your bet every time you lose is known as progressive betting. (One specific form of progressive betting, where you double your bet every time you lose, is known as the Martingale system.)
Progressive betting is a bad strategy in any casino game. Although you frequently win small amounts, sometimes for over an extended period of time, if you play long enough you always hit an extended losing streak where your losses exceed the the total amount you have won.
Also remember that you cannot keep increasing the amount you bet forever. At some point in time you will either have lost all the money you have available or you will hit the maximum bet amount.
You are more likely to hit an extended losing streak playing blackjack than with most other casino table games because over time you lose well over 50% of the hands that you play. This is necessary for the casino to maintain an edge over the player because there are times the player will win more than the original bet. When you get a blackjack you get paid a premium. You have the ability to double down and/or split which increases the amount you can win or lose, and assuming you know what you are doing you will only increase the amount when it is to your advantage to do so.
- Divide By ZeroLv 71 month ago
No, if you're not counting cards, the chances remain virtually constant each hand, so you aren't any "closer to a winner" than you were before.
And increasing your bet every time you lose is a godawful strategy.
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- 1 month ago
Sounds like martingale, so no.