Blackjack Series: Final Analysis
In February this year, I made the first post in this blackjack series, stating that I make regular net income from playing blackjack. Since then I have posted five articles here regarding exactly how I play, and exactly how much money I have won and lost since February.
For your convenience, all five articles are linked here:
You may recall that when I first posted about this in February, several guys commented that I was full of shit, and that winning money in blackjack was mathematically impossible. Since then, as you can see in the above posts, I have won a net profit of $5,307 playing blackjack. This was between February 1st and September 15th, representing an average monthly income of about $707.
Yes, you can win money playing blackjack, provided: A) you play consistently, over a longer period of time, B) you play correctly 100% of the time, in ways virtually no one else plays, and C) maintain absolute emotional control while you play. Easier said than done, but still very doable.
Today I’m going to summarize my results from the last few months playing blackjack in more easy-to-read charts and graphs, to show you with real numbers that making money like this is indeed possible when playing blackjack.
Since I track all this stuff on spreadsheets, here’s is summary of my wins and losses since February. The session numbers (first column) are color-coded. Black=$25 base bet, red=$50 base bet, and blue=$100 base bet.
As you can see, when I lose, I lose big, but I don’t lose very often. The vast majority of my blackjack sessions result in small wins. These small wins add up over time to exceed the infrequent, large losses, resulting in net profit for me.
Playing 42 times, I had 7 losses, but 35 wins. This means I win 83.3% of the time I play. If you won 83% of the time you played blackjack, don’t you think it would be pretty easy to make money doing it? (Provided you kept your losses as small as possible of course.)
This is the same exact pattern I have experienced for years and years of playing blackjack. I usually win, but rarely win very much. I sometimes lose, and when I do the loss is much bigger than the average win. (Events like that $1900 win during the final session are rare, and notice even then it was immediately proceeded by a massive loss.)
Yet the wins eventually out-profit the losses. I’ve never had a year of playing blackjack, playing it as I’ve described in this series, where this wasn’t the case. In other words, this year was not an unusual year for me in terms of blackjack winnings. It was typical.
The only difference this year was that I jacked my bets up to $100, something I’ve never done before. But in terms of win/loss percentages and win/loss amount ratios, this year was typical.
Here’s a graph showing the same wins and losses (click to zoom):
On February 1st, I started playing with $225. By September 15th, I had turned that $225 into $5,532. That’s a profit of $5,307, or an income of $707 per month.
Because I raised my betting amounts about halfway into the process (at session number 24), this skewed the numerical balance upwards, but the overall pattern and trend is what’s important.
Yes, you can make money playing blackjack like this, provided you do all of the following, 100% percent of the time (as summarized from my previous articles on this topic):
1. You GET UP, STOP PLAYING, and LEAVE THE TABLE as soon as you start winning a game.
2. You play basic strategy and never deviate even if your emotions are screaming at you to do so.
3. You only play at the tables and casinos that offer the absolute best rules which benefit the player’s odds of winning, and never play anywhere else.
4. You only bet a maximum of one-twentieth (or 5%) per hand of your starting pot, and never deviate from this unless you’re doubling/splitting per basic strategy or if you’re counting cards and you’re 100% sure the card count is insanely good (which is rare). You also constantly pay attention to your running pot balance as you play, and follow very strict stop-loss and stop-win rules based on this balance.
5. You pay attention, at least somewhat, to the composition of the cards in the deck. You don’t have to literally “count cards” via the standard Hi-Lo system (I don’t), but you should be at least paying attention and keeping track to some degree, taking advantage of a good deck composition when it occurs (and it usually won’t).
This is the final installment in this blackjack series. I hope it’s been helpful. One of my goals for 2016 will be to practice real (Hi-Lo) card counting to the point where I get as good as a pro (or at least semi-pro). But again, even if I never do this, I’ll still be making money playing blackjack. 🙂