blackjack today

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blackjack today

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i guess the blackjack challenge must wait for better times, both in terms of available free cash and free time.

since i posted the last article, i went to casino once more, on wednesday, to test my own blackjack strategy. it is a mathematical challenge for me. well, i lost more than i earned previously. this is actually the reason why i decided to post again about blackjack so soon — it’s to make it clear that i’m not always winning. that’s the first day i lost in total, thus i have the reason to write about it, as an important update.

i knew that earlier or later i must hit a losing streak, and will have to outride it, but i was simply hoping that it will happen later, not right in the beginning. in fact, i haven’t even earned enough money yet, to outlast a very bad losing period, which can easily be a week long. in that case one should just be patient and wait, until the winning periods will return, giving a chance to earn back all losses by increasing and decreasing betting amount during more frequent win/lose series.

even my single losing day on wednesday was quite sobering, with the few wins giving no chance to earn back all the losses. perhaps the universe made it clear to me, with such an early few hour long losing period on blackjack, that i have better and more important things to live for and to spend my time on.

i wouldn’t quit the blackjack challenge completely though — from time to time i do need some evenings off as well, but i cannot spend them all sitting in casino.

regardless that i do enjoy such challenges where people say it’s impossible by the mathematics, and i have a reason to believe there could be mistakes in logic and/or calculations made by others, i must still decide which of my personal challenges are better to dedicate my energy for.

so, will i continue? perhaps yes, but on some rare occasions, not on weekly basis. if i will have some interesting developments in blackjack, then i will write, but it does need a lot of time for real life testing, before i can tell if my strategy works or not, as a long term average.

before being able to take on the challenge seriously, i need a certain amount of free cash, to keep testing. it’s the same as with roulette — i calculated that also on blackjack it will be about 5000 times the initial amount of betting (table minimum). so, with a 5 euro table minimum one would need 25’000 euro liquidity at all times — not in a single day, but to outride a week long losing period, which could easily happen once a year, by my current understanding of the probabilities on blackjack. with less free money you are certain to lose earlier or later, when the long down period hits. if you don’t have enough backup cash for the worst case of a long losing streak, then it will be it, giving you no chance to apply correct betting increase, depending on your losses relative to your last maximum total balance.

i have not much to add right now. today i must go to casino again, for a meeting, and i’m not sure i will play blackjack today, even though i have a bit of free money set aside for that purpose. that amount will definitely be not enough for any serious strategy, but for having a bit of fun with lightweight gambling it’s ok. it all depends how the meeting goes today and how much time i will have, and is there breathing space at the blackjack tables. it is friday today, and the meeting is quite late in the evening, so it could be crowded around the tables.. the last thing i want is to watch my pockets whole the time, instead of enjoing my time there.

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