Up-as-you-lose betting progressions (the most famous of which is the Martingale progression betting system) increase the bet size after each loss. This can be a very exciting (again, that should be read as “sometimes terrorizing”) way to play. This type of progression allows for a minority number of wins that still produces a profit.
However, in the game of blackjack, you can only expect to win about 45% of your hands to begin with; and that 45% places a heavy burden on this type of progression. You end up with either the need for a large bankroll, or have to accept a low percentage of game wins. In either case, the variance becomes too large for the comfort of most players.
That leaves us with the “up-as-you-win” progressions. You start with the first level of the progression, and increase your bets after each win. After any loss, you start the progression over at the first level. I also skip a bet after any successful double down, split, or after receiving a blackjack. This gets me further into the series faster than I normally would, and does so without any undue burden on my buy-in.
Play your hands according to your blackjack basic strategy, which you should know for each and every hand. It should become second nature in no time at all, and keep a record of your play. That’s really all there is to playing blackjack online.
The beautiful thing about this progression is that, once you win the first bet in the series, the worst you can do is break even, or make money, on successive bets. And the first bet is the minimum bet – a bet size that you would be making even if you were flat betting. All higher level bets are made with that you have won – not money that came out of your bankroll, so psychologically it feels like a free bet in many ways.
Playing with the progression of blackjack basic strategy, I have found that the length of the average game goes up to an average of 30-45 minutes per game. This is good since you are almost always assured of qualifying for the bovada bonus code in your first, or sometimes your second, playing session at the casino.
The other good news is that the progression allows for making money while playing blackjack online. While using the progression your buy-in will often times head south. However, I rarely play a game while using this progression where there isn’t an eventual streak that only catch me up, but also eventually leaves me ending the game with a profit.
If you use this progression, you’ll have to lay with patience and discipline. Do not become alarmed when you see your bankroll going down. Just realize that this progression has built-in mechanisms for righting itself and pulling back out. Stick to your basic strategy play, and allow the progression enough time to work itself into the game.
Now I’m not saying that this progression cannot lose – it certainly can. What I am saying is that under all but the most extreme conditions, this progression works remarkably well (you will win with high blackjack odds).