How Does The Oscar's Grind Betting System Work in Blackjack?
There are many different betting strategies and systems when you're playing blackjack in a live casino. Some people like to follow some of these to give them an advantage against the house in this exciting game.
One of those strategies is the Oscar's Grind betting system, which is sometimes simply called Oscar's Grind. In essence, it’s a positive progressive betting style that involves winning a one-unit bet for each "cycle."
The style of the system is to get small wins over a longer period of time, ultimately leading to big profits. Oscar's Grind betting system is designed to let you take advantage of hot streaks and also avoid big losses in the meantime.
Let's take an in-depth look at how Oscar's Grind betting system for blackjack works.
Choose a Unit
The first step with Oscar's betting system is to choose the amount of your one unit. This can really be any amount of money you choose, based on how much your bankroll is and what you are willing to risk.
The goal with Oscar's Grind is to have a rather large number of units to start, compared to what most people would do. To that end, it's best to choose an amount for your one unit that would give you a large number of bets compared to your starting bankroll.
For example, if your bankroll is $100, you might choose your unit to equal $5 at the most. This would give you 20 bets based on your starting bankroll amount, if you were to lose every single one of your bets.
How to Bet the Units
Once you have chosen the amount of your units, it's time to put Oscar's Grind betting system into play. Your first bet will be equal to one unit, in this case $5. Oscar's Grind betting system works in what are called cycles. The goal is to profit the equivalent of one unit for each cycle. When one cycle ends, a new one begins.
To start each cycle, you'll bet one unit, in this case $5. If you win that first bet, you'll have profited $5, so the first cycle will immediately end and a new one will begin. That means you'll repeat your wager of $5.
If you lose your first bet, you'll be down $5. For the second bet, you'll repeat that bet. Let's say you lose that bet as well. Now, you're down $10. You'll bet $5 again, and if you win this time, you'll only be down $5.
This is where the progressive part of Oscar's Grind betting system comes in. This next time, you'll double your bet by one unit, for a total bet of $10. If you win that bet, you'll have won $5, so that cycle will end and you'll start a new cycle again.
Basic Rules of Using Oscar's Grind Betting System in Blackjack
The above example had a relatively short cycle of only one and then four hands. There are plenty of cycles that will last many more hands than this. Remember, the cycle will keep going until you end up profiting the amount of your unit, whatever amount that is. This is where the Grind part of Oscar's Grind betting system really comes into play.
There are two main things to keep in mind if you're using this betting system for blackjack. First, any time you lose a hand, you will repeat your bet. You'll never adjust the amount of your bet following a loss.
Second, when you win a hand, you'll add a unit to whatever amount your previous bet was, unless that win results in the cycle ending. So, for example, if your last bet was $5 and you won but the cycle didn’t end, your next bet will be $10. If you then win that $10 bet but the cycle still doesn’t end, your next bet will be $15 -- which is equal to the amount of your last bet plus one unit.
Remember, Oscar's Grind betting system is designed to be a grind-it-out type of strategy that will have you playing a lot of hands over a long period of time -- unless you're incredibly lucky and go on a huge hot streak to start out the game.
So, if you plan to put Oscar's betting strategy for blackjack into play, be prepared to get comfortable and grind out some wins on the way to profit.