Doubling Down After You Lose in Blackjack

March 8, 2008

Have you ever heard someone say that they have a foolproof way of winning at blackjack? The best part is that you don’t have to be very smart, good at math, understand probabilities, count cards, or even really know basic strategy. It’s one of the one of the oldest and obviously fallacious ones around, simply doubling your bet every time you lose. When you win, just go back to your basic betting unit, $10.00. Sounds too good to be true? That’s because it is.

The system described above is a sure loser called the Martingale System, a historic name for doubling up after every loss. In essence, the gambler doubles his previous bet after a loss, hoping to recoup that loss and win back his initial wager. It is the absolute worst money management system extant because you think you are going to win eventually. Well your biggest problem is that you do not have an inexhaustible bankroll, while Joe Casino Owner is free to limit the maximum size of your wager. By the time you are in for the wager limit, there¹s nothing left for you but the French Foreign Legion. With the Martingale system, you are betting $10, losing, then putting down $20 to recoup that loss. Then $40, $80, $160, $320, $640, $1,280, $2,560. Look at the smile on Mr. Casino¹s mug.

MISTAKE ONE: You now have invested $5,110 to get back his paltry $10.

MISTAKE TWO: He might have been playing on a game with a table limit of $500 or $1,000. A few loses and the casino automatically protects itself.

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Doubling Down After You Lose in Blackjack

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