Let’s begin with one of the most widely used betting systems (not just in blackjack but in a cacophony of other games as well!) around — The Martingale strategy
The initial idea of this 18th-century-France-originated strategy is that a theoretical player with an infinite budget could avoid a loss in even money bets by basically doubling their bets after each loss. This, of course, assumes that the casino does not limit the bet amount. As we said, the Martingale is perfectly suited for games that offer even-money bets. Unfortunately, blackjack isn’t one of them.
That being said, you’ll still typically see beginner players use the Martingale system in casinos, doubling their wager over and over again in hopes of recouping their losses in one fell swoop. And while the theory stands, you could get into a scenario where your bets could rise to unmanageable levels if you aren’t careful.
Here’s a potential scenario that could unfold if you use the Martingale system to play blackjack:
Let’s say you start with a bet of MYR 5. If you happen to go on a bad streak of eight losses in a row, you’d have to wager a whopping MYR 1,280 in order to recoup the losses. So, unless you have a bottomless wallet or the casino does not have a maximum bet limit, it’s probably the smarter choice to take the MYR 5 loss at the start.
For this reason, the Martingale blackjack betting system is more suited for blackjack players who are playing for shorter periods.