
Casino is the game of probability. In this game you need good cash in your pocket along with the luck. You got to manage your cash in this game.
Over betting tends to be the biggest downfall for aspiring professional gamblers and can cause someone to go broke even when he holds an advantage. This is the one area where more would-be card counters fail than any other. The casino has an almost unlimited bankroll, while most players are seriously underfinanced for the amount they bet. This imbalance greatly favors the house when the pendulum of fluctuation brutally sways back and forth. Casinos can absorb virtually any negative swing, but many players are wiped out with one bad run of cards and never return to the tables.
If you doubt this concept, just try betting one-half of your bankroll on every high positive count and see how long you last. My guess is the game will be over well before the fat lady sings.
Why do otherwise smart gamblers occasionally over bet? The main reason is that most of us live in a very nearsighted manner. We look. Mainly at the dot (the present point in time) rather than the longer line of our existence. This creates a tendency to put much greater emphasis on the short term, causing us to get fixated by daily results rather than the long run. As a result, many players develop an innate need to show a profit for the day before they can head off to bed.
If you want to be successful in the casinos, this myopic form of gambling is a dangerous habit you must absolutely purge out of your system. The only thing that matters in blackjack is whether you win overall. War provides a reasonably good analogy for this concept. Smart generals don't risk their entire resources on each skirmish. They are willing to accept some losses and even retreat to fight another day if the situation calls for it. And your goal as a card counter is to win the war, not each individual battle.
Expert blackjack players hold only a slim edge over the house, and even the very best pros still have many trips when they're absolutely crushed by the casinos. It's fairly common to end up in the hole on about two out of every five days you play. So if you are unwilling to walk away a loser on those days, then you is either going to be putting in a lot of marathon sessions or you're going to get desperate. And desperate people do foolish things. I've seen players who are normally much disciplined go on tilt and risk a disproportionate amount of their bankroll in a stupid attempt to finish the day ahead. If you are inclined to have this mind-set, here is a startling secret-the casino will still be open tomorrow.
It is critical to have strict guidelines for betting and to always adhere to prearranged maximum wagers. If you ever bet more than you should out of a desire to get even, it is very unlikely you will be successful in blackjack. Part of the fallacy for overly aggressive betting comes from the logical belief that a good card counter is supposed to win. While that is certainly true, you can't win every hand or even every session. Accepting losses is an important ingredient to becoming a world-class blackjack player.
CAN I QUIT MY DAY JOB?
The main question on the minds of most potential card counters is not related to handling the losses-it "How much money can I make?" It is the potential for riches that draws many into casinos in the first place. Whenever I speak to others about my vocation, they invariably make comments about what an easy job I have. Or how nice it must be to just hop over to a casino anytime the allure of materialism bites and I need to make a major purchase.