After reading a lot of info about BJ strategy I have concluded that most experts, (incl. BJ School at far left), advise this betting strategy based on Hi-Lo:
TC below 0, get out or cope with potential losses by betting 1 unit
TC 0-2 bet 1 unit, maybe 2
TC 2+ bet 3 units and more as count gets better up to 10 or 12 units.
Several of friends have and do play at the casinos. They historically lose money. A good friend of mine ("Har") came back from a vegas trip and lost $1500. He spent a bit of time on the web and found that there is 'strategy' to playing BJ! After purchasing and reading quite a few books and numerous web sites we have decided that the BS and card counting system might just work!
We knew that this is not a get rich quick sceme. In fact, we have resigned ourselves that we'll lose money at BJ only because we're not going to give ourselves false hopes, and a small hourly wage doesn't compare with our incomes/expected incomes from our current jobs.
"Har" and I play a sample home game every morning before work over coffee for about 2 hours and have done so for a few months. The game is a 6 deck shoe game with 70-75% pen, dealer stands on all 17's, DOA, NRSA, NS, DASSPL3, split aces receive only on additional card. We have sent the table limits at $5-300.
I deal and play a hand, he plays a hand, and other 'players' come and go as we so choose. I bought good chips, a nice shoe and felt table top etc. and we have fun putting BS and Hi-Lo counting to 'action'. (We realize this simulation could be done by a computer in a few seconds, but there's no proof like what is in the pudding!) We have noticed the following.
- lower counts (TC-2 and below) often pay us well (dealer's bad luck)
- high counts with bet spreads of 1-10 can quickly deplete the day's available cash with a bit of bad luck (ie: 3 or 4 losing $50 bets drops a few hundred off the bankroll)
- high counts with bet spreads of 1-3 or 1-5 don't tend to really hurt our session as the shoe tends to run out of the good count, or out of cards.
Based on these variables and experiences we wonder about three items that we haven't come across yet.
1) A back better who wants to back bet at a table when the count is very high (TC 4 or more) has a chance of back betting an unlucky player. (There are, after streaks).
Who it be profitable to back bet the entire table during high counts?
2) How would this bet spread work?
- players bets 4 units at start of shoe ($20)
- if player is winning overall and the count is negative or about even he still bets 4 units.
- if the player starts losing, despite the count he slowly reduces his bet to 1 unit or $5. (reverse parlaying)
- if the player is about even or winning and the count increases then be spreads his be to 10 units or $50.
The theory is that the 1 unit player takes advantage by betting 4 units during streaks. If he's losing, he reduces his bet. If the count goes high, he needn't bet 10x $20, but rather 10X his $5 unit which is only 2.5x his 'normal' openning bet.
This would help:
- cover from pit bosses
- create higher wins during good streaks
- normal losses during bad streaks
We've realized the disappointment of betting only 1 unit during low counts when we've been doing well, and the fact that unless we leave the table, we cannot be less than 1 unit.
This is not the 'best' system, I know. However, is this a system which should give the player a positive expecation with only minor bankroll risk?
3) Finally, and I know this is long, we are continually deverging from basic strategy variations. The best example is dealer upcard of 10, we're dealt a 14 (4,8,2), running count is 15 (TC 3.75), table of 5 player has very few high cards. We'll stand.
Based on our pretend profits we make money on this bet. It could be that BSV that we've read don't show us the effect of our other cards, the last hand, and the other player's hands.
Any help would be appreciated to save us from losing money, or making us money!