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The Oscar Blackjack Betting System
If you have been around blackjack long enough then you have probably heard about the Oscar blackjack betting system. Sometimes referred to as the Oscar’s Grind, this blackjack betting strategy is powerful if one can develop the patience required to use it. Counting Edge is going to dig deeper and see if this is a strategy that you can use for online blackjack at your favorite casino.
About the Oscar Blackjack Betting Strategy
The Oscar can be classified as a positive progression blackjack betting system. A positive progression in one in which the bettor increases their bet after each winning hand. Bets are kept at a minimum after a losing hand.
The notable difference that separates the Oscar’s Grind from other progression blackjack betting systems is that it depends on a cycle. Each time that a cycle is profitably completed the progression begins over again. This is meant to guarantee the online blackjack player a profit. All they need to do is complete the Oscar’s cycle to win.
The Oscar is a system that is meant to reward players that are very patient. It is not a system that designed for blackjack players that want to make a quick profit. That is why the system is given the nickname the Oscar’s Grind.
Grinding in Blackjack and Gambling
Grinding is the basis of the Oscar blackjack betting system. In gambling the term grinding is used to describe a specific playing approach. A grinder is one that takes their time at the game of blackjack. They can play for many hours just to achieve a small profit. For this type of player a win is all that matters.
There are both positive and negative sides to grinding in blackjack:
Grinding Pros
- Maximizes a small bankroll
- Less chance of losses
- Greater chance of a blackjack profit
- Can be used at online blackjack
Grinding Cons
- Profits come slowly
- Requires discipline and patience
- Hourly win rate can be low
There are many players in both blackjack and poker that have had a lot of success with the grinding approach. You might be able to duplicate that success when you choose to use the Oscar’s Grind.
How the Oscar Blackjack System Works
To use the Oscar blackjack betting progression you begin with a bet of one unit. A unit can be described as any single amount of money, but it is usually related to the minimum bet at the blackjack table. A one unit bet at a $5 minimum table can be $5 or any multiple thereof. For simplicity we well stick with one unit being the table minimum.
The Oscar blackjack player begins with a bet of one unit, or $5 in this example. If you win the first hand the cycle is over and you set aside that profit. The whole point of the system is to make wins of one unit. If you lose the first hand in the progression you remain at one unit until you win. On each successive winning hand you will then raise the bet by one unit until you have made the one unit profit. At this point you will start over again.
This will probably sound confusing to some players. The important thing to remember is that you never raise the bet when you are losing. Upping the bet to make the profit is only done after a winning hand. In this way you will not bet more than one unit while losing.
Is the Oscar Blackjack System a Martingale?
Some blackjack players that are reading this will remark that the Oscar system seems a lot like a Martingale. As we have pointed out many times on Counting Edge a Martingale system is not recommended as a betting strategy. The reason for this is simple. In a Martingale you double the bet after each losing wager. That is not what the Oscar system requires.
The Martingale, like the Oscar, has a goal of a one unit profit. But the way it goes about getting the profit is flawed. Sooner or later in a Martingale system the player will no longer be able to double the losing wager to get even. In the Oscar you do not have to rely on this flawed strategy and are able to achieve the same result.
Why the Oscar’s Grind is Good at Online Blackjack
At Counting Edge we think that a system like the Oscar works very well for those who are playing online blackjack. When you play blackjack at home you are not subjected to the fast pace of a blackjack game that can often be found in a live casino. You can play at your leisure and grind it out.
The Oscar also works good for online blackjack because you do not have a large table minimum to contend with. You can play online blackjack for as little as $1 per hand. That is a lot cheaper than the $10 table minimums you will find at many live casinos.
If you are ready to try the Oscar blackjack betting system we recommend that you give it a try at one of our recommended online casinos. You can get a nice welcome bonus when you sign up, and you can play right from your living room with a computer, phone, or tablet. Just remember to be patient as you use this system and you will have a better chance of winning. To play blackjack for money online we recommend that you try one of the recommended casinos. You can read the Casino Max review, Miami Club review , High Country casino review, Cherry Jackpot casino review, or Roaring 21 review to name a few.