Gamblers are always looking for a way to beat the odds and blackjack players are no different from the rest. Blackjack basic strategy can already reduce the house edge to 0.5% if played perfectly and counting cards in conjunction with basic strategy can lower the edge farther and even tilt the odds in favor of the player. However, some people aren’t content with that and also want to incorporate betting systems.
I said this before when covering the martingale betting system, but I’ll say it again: I do not recommend any betting system. The best chances you can give yourself in blackjack are to play perfect basic strategy and do flat betting, which is to bet the same amount on each hand, whether you win or lose. Betting systems are designed to maximize your profits when you win and minimize your losses when you lose, but none of them work as well in practice as in theory. That is because they don’t take into consideration the randomness of the games.
Blackjack is a game that is a combination of skill and chance. Even if you are the smartest blackjack player in the world, you can’t win with a bad hand. Which cards you and the dealer are dealt plays a large part in the outcome. This is where the parlay betting system fails.
The parlay system basically says to “let it ride,” which means to bet all or part of your winnings in the next hand. Using a parlay system, if you bet $10 on a hand and got a natural blackjack, you would win $15. You would then bet $25 on the next hand (your $15 in winnings plus a $10 bet). Some people think this is a good idea because you’re “playing with house money.” That is the wrong way of thinking. As soon as the dealer gives you money, it’s yours.
Playing perfect strategy, the blackjack table will take 0.5% of the money you bet; the rest you keep. By always betting your winnings, you are exposing your winnings to the house edge and in the long run, you will lose more money. Think of it this way: In blackjack you are more likely to lose money than win it (thus the house edge), so why would you be so eager to bet money that you have just won? Logic states that you are more likely to lose that money than to increase it.
The parlay betting system would only make sense if you could predict a winning streak, which the random nature of the dealing of cards all but makes impossible. The only chance you have of predicting a streak is if you’re counting cards and know the count is heavily in your favor. In that scenario, it might be a good idea to use the parlay betting system. However, if you are not counting cards or if the count is not heavily in your favor, it is without a doubt a better idea to use flat betting.
My betting system is actually the exact opposite of the parlay system. It is to protect all of your winnings. I advise that you go into the casino with a set amount of money that you are willing to spend and don’t wager any money other than that. Any winnings that you have should be set aside and not touched until it’s time to cash out. This will guarantee that you don’t turn around and give your winnings back to the casino and will make sure you leave with something to show for your night.