The Oscar’s Grind Blackjack Betting System
The majority of people believe by using a betting system they can increase their winnings. Other individuals are more conservative in their gambling and believe the most effective recourse is a good strategy such as card counting. Yet other gamblers use strategies that are both unpredictable and erratic. One of the most popular and commonly used strategies among gamblers throughout the world is the Oscar's Grind blackjack betting system.
Oscar was a craps player as well as the inventor of the Oscar's Grind. This particular strategy can be easily adapted for playing the game of online casino blackjack. This strategy offers the most advantages for a player on either a hot or cold streak. If the player is experiencing a losing streak, Oscar's Grind enables them to keep their bets low. If the player is having a winning streak, the strategy allows them to increase their bets.
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A Progressive Betting Approach
Oscar's Grind is classified as a progressive betting system. The players consider this a positive betting system. The Oscar's Grind is also a bit more complicated than most of the systems currently being used. The majority of systems enable the players to double their bets after every win and decrease their bets after each loss. Oscar's Grind is similar to the anti-Martingale system.
This system is extremely well known as a negative system where the player increases their bet every time they lose. Every series of bets has the same goal, to win a single unit prior to beginning a new series. With Oscar's Grind, the player begins each series by placing a bet for one unit. The player increases their bet by one unit from their previous bet with every win. When the player loses, their bet remains exactly the same.
A good example is a player who has just lost a bet for two units. They will continue betting two units until they secure a win. At this time, the next bet will be increased to three units. Except for one specific stipulation, this is the entire betting system. The stipulation is the player must never make a bet that may result in winning the series for more than a single unit.
This means if the player has won a bet for four units, they are only two units down for the entire series. The player should not increase their next bet to five units. This is due to the win of four units. All the player would need to win the series by one unit would be a successful bet of three units. This makes the next appropriate bet three units.
Oscar's Grind Combines Strategies
The best features of the negative and positive progressions are combined in the Oscar's Grind betting system. The player can survive a much longer streak of losses without a bust than by using a negative progression. This is because the bets are not increased after a loss. Just a short streak of wins can win the previous losses back for the player during the series due to the bets being raised after a win. This is actually a brilliant strategy since the winning streaks pay more than the player loses in a losing streak. Although no blackjack strategy can predict a streak, this strategy helps compensate the player for any losing streak.
Oscar told Dr. Wilson the Oscar's Grind had prevented him from ever having a weekend where he lost in Las Vegas for many years. Dr. Wilson then performed some computer simulations and mathematical analysis on the system. He wanted to know if this was possible. He found when a unit of one dollar was used on a game with an even money payout, the key was the slow betting progression.
The player would effectively bump against the $500 maximum bet used by the house at the time on every $5,000 series played. The player could achieve their target in 4,999 of every $5,000 series. In 1965, Oscar's goal was a healthy win of $100. The conclusion of Dr. Wilson was Oscar was likely to have played in Las Vegas for many years without a loss.
Proceed With Caution
There is a caution necessary regarding the one series Oscar lost with this system. The amount Oscar lost on the $5,000 series was approximately $13,000. Despite bumping the $500 maximum for the table, he gained this position by losing bets in ranges from $100 to more than $400 during this extremely lengthy series. This means Oscar's Grind can still lead to a loss over the course of the series.
There is no betting system that can overtake the edge of the house in the long run. This does not mean this type of system is worthless. Professional gamblers use these systems to find a way to profit in gambling tournaments such as camouflage. They also gain an advantage by disguising their play in betting systems to milk the bonuses provided by the betting systems at the online casinos.
The only way to win at blackjack in a normal casino over time is to count the cards. This is not because the most profitable or best way to win while playing blackjack is card counting. It is because the same principles apply to blackjack as professional gambling. This includes the wide variety of methods not requiring card counting.
Oscar's Grind can be a difficult system to grasp. It is also not a half bad system. The system takes a conservative approach to making small wins in a short period. The chances of a big win or a big loss are slim when using Oscar's Grind to play online blackjack. This is simply a progressive betting system that may or may not work out well for the player. The bottom line is this system does not guarantee success.