The majority of people believe by using a betting system they can increase their winnings. Other individuals are more conservative in their gambling and believe the most effective recourse is a good strategy such as card counting. Yet other gamblers use strategies that are both unpredictable and erratic. One of the most popular and commonly used strategies among gamblers throughout the world is the Oscar's Grind blackjack betting system.
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Scorebet soccer fixtures. McConaughey is a worthy Best Actor favourite but there are reasons why some of Hollywood's Academy Awards experts are tipping that Leonardo DiCaprio could upset at odds of 6.00 with Bet365 and Betfred. Among the DiCaprio disciples is Tom O'Neil, the Academy Awards tragic behind the GoldDerby website. Oscars: Top 15 Contenders for Best International Feature Film Carlos Aguilar February 8, 2021 On Tuesday, February 9, the Academy will release shortlists for multiple categories, including Best International Feature Film. The Academy Awards have taken some heat for being overly white-centric, so giving the Oscar to group of black rappers over a white country singer (Dolly Parton was nominated for her song 'Travelin' Thru' from Transamerica) was a big moment. Parton, despite being expected to win, took the loss in stride, and congratulated Three 6 Mafia in a. Oscars 2020: how to get a free bet. Golf betting tips: Abu Dhabi Championship and The American Express picks. 19 Jan 2021, 5:00pm Horse racing tips: Chepstow, Newbury, Southwell – Wednesday.
Oscar was a craps player as well as the inventor of the Oscar's Grind. This particular strategy can be easily adapted for playing the game of online casino blackjack. This strategy offers the most advantages for a player on either a hot or cold streak. If the player is experiencing a losing streak, Oscar's Grind enables them to keep their bets low. If the player is having a winning streak, the strategy allows them to increase their bets.
Play Blackjack at Top Online Casinos:
| VEGAS PARADISE CASINO | T&C |
| PARTY CASINO | T&C |
| LUXURY CASINO | T&C |
| BETWAY CASINO | T&C |
| BETAT CASINO | T&C |
A Progressive Betting Approach
Oscar's Grind is classified as a progressive betting system. The players consider this a positive betting system. The Oscar's Grind is also a bit more complicated than most of the systems currently being used. The majority of systems enable the players to double their bets after every win and decrease their bets after each loss. Oscar's Grind is similar to the anti-Martingale system.
This system is extremely well known as a negative system where the player increases their bet every time they lose. Every series of bets has the same goal, to win a single unit prior to beginning a new series. With Oscar's Grind, the player begins each series by placing a bet for one unit. The player increases their bet by one unit from their previous bet with every win. When the player loses, their bet remains exactly the same.
A good example is a player who has just lost a bet for two units. They will continue betting two units until they secure a win. At this time, the next bet will be increased to three units. Except for one specific stipulation, this is the entire betting system. The stipulation is the player must never make a bet that may result in winning the series for more than a single unit.
This means if the player has won a bet for four units, they are only two units down for the entire series. The player should not increase their next bet to five units. This is due to the win of four units. All the player would need to win the series by one unit would be a successful bet of three units. This makes the next appropriate bet three units.
Oscar's Grind Combines Strategies
The best features of the negative and positive progressions are combined in the Oscar's Grind betting system. The player can survive a much longer streak of losses without a bust than by using a negative progression. This is because the bets are not increased after a loss. Just a short streak of wins can win the previous losses back for the player during the series due to the bets being raised after a win. This is actually a brilliant strategy since the winning streaks pay more than the player loses in a losing streak. Although no blackjack strategy can predict a streak, this strategy helps compensate the player for any losing streak.
Oscar told Dr. Wilson the Oscar's Grind had prevented him from ever having a weekend where he lost in Las Vegas for many years. Dr. Wilson then performed some computer simulations and mathematical analysis on the system. He wanted to know if this was possible. He found when a unit of one dollar was used on a game with an even money payout, the key was the slow betting progression.
The player would effectively bump against the $500 maximum bet used by the house at the time on every $5,000 series played. The player could achieve their target in 4,999 of every $5,000 series. In 1965, Oscar's goal was a healthy win of $100. The conclusion of Dr. Wilson was Oscar was likely to have played in Las Vegas for many years without a loss.
Proceed With Caution
There is a caution necessary regarding the one series Oscar lost with this system. The amount Oscar lost on the $5,000 series was approximately $13,000. Despite bumping the $500 maximum for the table, he gained this position by losing bets in ranges from $100 to more than $400 during this extremely lengthy series. This means Oscar's Grind can still lead to a loss over the course of the series.
There is no betting system that can overtake the edge of the house in the long run. This does not mean this type of system is worthless. Professional gamblers use these systems to find a way to profit in gambling tournaments such as camouflage. They also gain an advantage by disguising their play in betting systems to milk the bonuses provided by the betting systems at the online casinos.
The only way to win at blackjack in a normal casino over time is to count the cards. This is not because the most profitable or best way to win while playing blackjack is card counting. It is because the same principles apply to blackjack as professional gambling. This includes the wide variety of methods not requiring card counting.
Oscar's Grind can be a difficult system to grasp. It is also not a half bad system. The system takes a conservative approach to making small wins in a short period. The chances of a big win or a big loss are slim when using Oscar's Grind to play online blackjack. This is simply a progressive betting system that may or may not work out well for the player. The bottom line is this system does not guarantee success.
Out of 16 sessions, I lost my money 4 times.
857 hands. 425 wins, 432 losses. Pushes were not counted.
At a $10 table this would have been a $1600 gain. The math seems to add up (49.6% win ratio). Was I just lucky? Can anyone tell me what is the odds are of losing your $200 if you play this system?
Mohammad Mahdian says:
I don't know much about craps, but there is a 1965 paper by Tom Ferguson that solves a very similar problem for general MDPs:
http://www.math.ucla.edu/~tom/papers/ruin.pdf
Fools Gold says:
March 18, 2007 at 9:45 am
A Statistical Characterization and Comparison of Selected Craps Money Management and Bet Selection Systems. Ken Elliot Kbeiico. Columbia, MD 21046
As to the ‘max odds' question: the mathematical answer seems to be that you should never make a line bet on which you are unable or unwilling to take full odds. Now ofcourse this can make the experience short and sweet if you lose that first bet or the first few bets. 100x odds are often publicity promotions with most players sticking to five or ten times odds, yet Casino Royale (LV-strip) offers one dollar line bets and 100 times odds. Best strategy: $606 PutBet. After three hits, take it down and leave the flat bets for the dealers.
'Better' depends upon goals and preferences. Few people actually trek to Vegas to put their entire bankroll on that first bet despite what mathematicians say is optimal strategy. More bets means more entertainment time, more free drinks, etc. The answer would also depend upon bet progression strategies that you intended to employ. If all you are ‘comfortable' with is a table minimum bet with five times odds, then go for that. A line bet followed by two come bets would be adequate to stay in the game with your bankroll and catch any ‘hot streaks'. Hedge systems don't make sense. Grinders don't really do well anyway.
what you want to maximize is the overall mean length: that is the number of rolls before exhausting your bankroll or making your pre-determined win-goal.
At 5 dollar bets with two times odds, Hoyle's Press and Oscar would be the two best systems, though Ponzer, in third place, would be preferable overall.
Best thing would be to play at a slower table where there are lots of grinders who will slow things down even more. That maximizes your time at the table more cheaply than switching to a Patrick Right system.
The reference in comment4 carried out simulations to 800 rolls. I would ofcourse question whether this is really enough.
When a statistics professor had a pair of shaved dice manufactured to precision standards he found that the ‘edge' could not be detected in fewer than one million rolls, so I wonder if any Monte Carlo simulation would really prove anything.
URL for comment Four:
http://www.conjelco.com/downloads/elliott-paper.pdf
A statistical Characterization and Comparison of Selected Craps Money Management and Bet Selection Systems. Ken Elliott.
Elliott paper is also available in:
Finding the Edge: Mathematical and Quantitative Analysis of Gambling (Institute of Gambling & Commercial Gaming) (Hardcover)
by Olaf Vancura (Editor), William Eadington (Editor), Judy Cornelius (Editor)
However, I need a clarification: if your bankroll is reduced to 20 but your next bet should be 30:
(a) do you bet 20, or exceed your bankroll and bet 30;
(b) if you bet 20, and then win, is your next bet 30 (i.e. 10 more than what you actually bet) or 40 (i.e. 10 more than what you 'should have' bet)?
I tested it out myself and found that the system seems to work. The system is just a Oscar's grind with these limits: 1. Start with exactly 20 times the minimum bet. 2. Walk away from the table when you double your money. I tried it out on the simulator and these were my results:
what game did you play?
This is easily simulated BTW. $200 bankroll and $10 unit bets in Craps
I get 55% chance of a session ruin playing with no odds. The odds would make this way more interesting I would think.
(this can also be setup as a Markov chain for ruin or quit at $400 as an example)
Stewart N. Ethier
The Doctrine of Chances
Probabilistic Aspects of Gambling
Has a few sections on this Oscar system for the probability of winning 1 unit with a max table bet of 500 units
(requires a very large bankroll too)
Fun and interesting reading. from page 288
'This leads to
a recursive algorithm that is well suited to numerical computation for large
M. For example, if M = 500, the system has 41,917,000 equations. Nevertheless,
a numerical solution is feasible, and when p = 244/495, it has been
found that Q(1, 1) ≈ 0.999740807832.'
he uses some other parameters for his calculation too about when to abort the system
a very high probability of winning one unit one time while risking a massive loss with a low probability of losing
sounds all too familiar
Sally
For even-money bets on double-zero roulette, it's about a 35.2% success rate
For a game with 1% house edge (winning probability = 49.5%), it's about 46.22% success.
the original Oscar played Craps from what I have read.
what game did you play?
This is easily simulated BTW. $200 bankroll and $10 unit bets in Craps
I get 55% chance of a session ruin playing with no odds.
a craps player just flat betting $10 trying to double a $200 bankroll
success = 36.22%
=1/((q/p)^b_x+1)
b(x)units: 20
p=244/495
How To Bet On The Oscars
q=1-p
But we know the Oscar bettor raises the bet after a win one unit or less to hit the one unit win goal before starting the progression all over again
The Oscar example I showed had an average bet of almost $20
That is how he was able to have a higher probability of doubling the $200 bankroll
(betting it all one time would give a 49.3% success rate)
How about the flat bettor now betting $20. That gives a 10 unit bankroll
success = 42.96%
closer to Oscar system
Is the Oscar in my example 'better' than flat betting?
better = ?
how fast is ruin with Oscar compared to flat betting?
that is another question some may be interested in. time playing instead of how much can I win.
different bankrolls (and bet sizes) and win goals and time goals mean way different results
Scorebet soccer fixtures. McConaughey is a worthy Best Actor favourite but there are reasons why some of Hollywood's Academy Awards experts are tipping that Leonardo DiCaprio could upset at odds of 6.00 with Bet365 and Betfred. Among the DiCaprio disciples is Tom O'Neil, the Academy Awards tragic behind the GoldDerby website. Oscars: Top 15 Contenders for Best International Feature Film Carlos Aguilar February 8, 2021 On Tuesday, February 9, the Academy will release shortlists for multiple categories, including Best International Feature Film. The Academy Awards have taken some heat for being overly white-centric, so giving the Oscar to group of black rappers over a white country singer (Dolly Parton was nominated for her song 'Travelin' Thru' from Transamerica) was a big moment. Parton, despite being expected to win, took the loss in stride, and congratulated Three 6 Mafia in a. Oscars 2020: how to get a free bet. Golf betting tips: Abu Dhabi Championship and The American Express picks. 19 Jan 2021, 5:00pm Horse racing tips: Chepstow, Newbury, Southwell – Wednesday.
Oscar was a craps player as well as the inventor of the Oscar's Grind. This particular strategy can be easily adapted for playing the game of online casino blackjack. This strategy offers the most advantages for a player on either a hot or cold streak. If the player is experiencing a losing streak, Oscar's Grind enables them to keep their bets low. If the player is having a winning streak, the strategy allows them to increase their bets.
Play Blackjack at Top Online Casinos:
| VEGAS PARADISE CASINO | T&C |
| PARTY CASINO | T&C |
| LUXURY CASINO | T&C |
| BETWAY CASINO | T&C |
| BETAT CASINO | T&C |
A Progressive Betting Approach
Oscar's Grind is classified as a progressive betting system. The players consider this a positive betting system. The Oscar's Grind is also a bit more complicated than most of the systems currently being used. The majority of systems enable the players to double their bets after every win and decrease their bets after each loss. Oscar's Grind is similar to the anti-Martingale system.
This system is extremely well known as a negative system where the player increases their bet every time they lose. Every series of bets has the same goal, to win a single unit prior to beginning a new series. With Oscar's Grind, the player begins each series by placing a bet for one unit. The player increases their bet by one unit from their previous bet with every win. When the player loses, their bet remains exactly the same.
A good example is a player who has just lost a bet for two units. They will continue betting two units until they secure a win. At this time, the next bet will be increased to three units. Except for one specific stipulation, this is the entire betting system. The stipulation is the player must never make a bet that may result in winning the series for more than a single unit.
This means if the player has won a bet for four units, they are only two units down for the entire series. The player should not increase their next bet to five units. This is due to the win of four units. All the player would need to win the series by one unit would be a successful bet of three units. This makes the next appropriate bet three units.
Oscar's Grind Combines Strategies
The best features of the negative and positive progressions are combined in the Oscar's Grind betting system. The player can survive a much longer streak of losses without a bust than by using a negative progression. This is because the bets are not increased after a loss. Just a short streak of wins can win the previous losses back for the player during the series due to the bets being raised after a win. This is actually a brilliant strategy since the winning streaks pay more than the player loses in a losing streak. Although no blackjack strategy can predict a streak, this strategy helps compensate the player for any losing streak.
Oscar told Dr. Wilson the Oscar's Grind had prevented him from ever having a weekend where he lost in Las Vegas for many years. Dr. Wilson then performed some computer simulations and mathematical analysis on the system. He wanted to know if this was possible. He found when a unit of one dollar was used on a game with an even money payout, the key was the slow betting progression.
The player would effectively bump against the $500 maximum bet used by the house at the time on every $5,000 series played. The player could achieve their target in 4,999 of every $5,000 series. In 1965, Oscar's goal was a healthy win of $100. The conclusion of Dr. Wilson was Oscar was likely to have played in Las Vegas for many years without a loss.
Proceed With Caution
There is a caution necessary regarding the one series Oscar lost with this system. The amount Oscar lost on the $5,000 series was approximately $13,000. Despite bumping the $500 maximum for the table, he gained this position by losing bets in ranges from $100 to more than $400 during this extremely lengthy series. This means Oscar's Grind can still lead to a loss over the course of the series.
There is no betting system that can overtake the edge of the house in the long run. This does not mean this type of system is worthless. Professional gamblers use these systems to find a way to profit in gambling tournaments such as camouflage. They also gain an advantage by disguising their play in betting systems to milk the bonuses provided by the betting systems at the online casinos.
The only way to win at blackjack in a normal casino over time is to count the cards. This is not because the most profitable or best way to win while playing blackjack is card counting. It is because the same principles apply to blackjack as professional gambling. This includes the wide variety of methods not requiring card counting.
Oscar's Grind can be a difficult system to grasp. It is also not a half bad system. The system takes a conservative approach to making small wins in a short period. The chances of a big win or a big loss are slim when using Oscar's Grind to play online blackjack. This is simply a progressive betting system that may or may not work out well for the player. The bottom line is this system does not guarantee success.
Out of 16 sessions, I lost my money 4 times.
857 hands. 425 wins, 432 losses. Pushes were not counted.
At a $10 table this would have been a $1600 gain. The math seems to add up (49.6% win ratio). Was I just lucky? Can anyone tell me what is the odds are of losing your $200 if you play this system?
Mohammad Mahdian says:
I don't know much about craps, but there is a 1965 paper by Tom Ferguson that solves a very similar problem for general MDPs:
http://www.math.ucla.edu/~tom/papers/ruin.pdf
Fools Gold says:
March 18, 2007 at 9:45 am
A Statistical Characterization and Comparison of Selected Craps Money Management and Bet Selection Systems. Ken Elliot Kbeiico. Columbia, MD 21046
As to the ‘max odds' question: the mathematical answer seems to be that you should never make a line bet on which you are unable or unwilling to take full odds. Now ofcourse this can make the experience short and sweet if you lose that first bet or the first few bets. 100x odds are often publicity promotions with most players sticking to five or ten times odds, yet Casino Royale (LV-strip) offers one dollar line bets and 100 times odds. Best strategy: $606 PutBet. After three hits, take it down and leave the flat bets for the dealers.
'Better' depends upon goals and preferences. Few people actually trek to Vegas to put their entire bankroll on that first bet despite what mathematicians say is optimal strategy. More bets means more entertainment time, more free drinks, etc. The answer would also depend upon bet progression strategies that you intended to employ. If all you are ‘comfortable' with is a table minimum bet with five times odds, then go for that. A line bet followed by two come bets would be adequate to stay in the game with your bankroll and catch any ‘hot streaks'. Hedge systems don't make sense. Grinders don't really do well anyway.
what you want to maximize is the overall mean length: that is the number of rolls before exhausting your bankroll or making your pre-determined win-goal.
At 5 dollar bets with two times odds, Hoyle's Press and Oscar would be the two best systems, though Ponzer, in third place, would be preferable overall.
Best thing would be to play at a slower table where there are lots of grinders who will slow things down even more. That maximizes your time at the table more cheaply than switching to a Patrick Right system.
The reference in comment4 carried out simulations to 800 rolls. I would ofcourse question whether this is really enough.
When a statistics professor had a pair of shaved dice manufactured to precision standards he found that the ‘edge' could not be detected in fewer than one million rolls, so I wonder if any Monte Carlo simulation would really prove anything.
URL for comment Four:
http://www.conjelco.com/downloads/elliott-paper.pdf
A statistical Characterization and Comparison of Selected Craps Money Management and Bet Selection Systems. Ken Elliott.
Elliott paper is also available in:
Finding the Edge: Mathematical and Quantitative Analysis of Gambling (Institute of Gambling & Commercial Gaming) (Hardcover)
by Olaf Vancura (Editor), William Eadington (Editor), Judy Cornelius (Editor)
However, I need a clarification: if your bankroll is reduced to 20 but your next bet should be 30:
(a) do you bet 20, or exceed your bankroll and bet 30;
(b) if you bet 20, and then win, is your next bet 30 (i.e. 10 more than what you actually bet) or 40 (i.e. 10 more than what you 'should have' bet)?
I tested it out myself and found that the system seems to work. The system is just a Oscar's grind with these limits: 1. Start with exactly 20 times the minimum bet. 2. Walk away from the table when you double your money. I tried it out on the simulator and these were my results:
what game did you play?
This is easily simulated BTW. $200 bankroll and $10 unit bets in Craps
I get 55% chance of a session ruin playing with no odds. The odds would make this way more interesting I would think.
(this can also be setup as a Markov chain for ruin or quit at $400 as an example)
Stewart N. Ethier
The Doctrine of Chances
Probabilistic Aspects of Gambling
Has a few sections on this Oscar system for the probability of winning 1 unit with a max table bet of 500 units
(requires a very large bankroll too)
more than the OP
Fun and interesting reading. from page 288
'This leads to
a recursive algorithm that is well suited to numerical computation for large
M. For example, if M = 500, the system has 41,917,000 equations. Nevertheless,
a numerical solution is feasible, and when p = 244/495, it has been
found that Q(1, 1) ≈ 0.999740807832.'
he uses some other parameters for his calculation too about when to abort the system
a very high probability of winning one unit one time while risking a massive loss with a low probability of losing
sounds all too familiar
Sally
For even-money bets on double-zero roulette, it's about a 35.2% success rate
For a game with 1% house edge (winning probability = 49.5%), it's about 46.22% success.
the original Oscar played Craps from what I have read.
what game did you play?
This is easily simulated BTW. $200 bankroll and $10 unit bets in Craps
I get 55% chance of a session ruin playing with no odds.
a craps player just flat betting $10 trying to double a $200 bankroll
success = 36.22%
=1/((q/p)^b_x+1)
b(x)units: 20
p=244/495
How To Bet On The Oscars
q=1-p
But we know the Oscar bettor raises the bet after a win one unit or less to hit the one unit win goal before starting the progression all over again
The Oscar example I showed had an average bet of almost $20
That is how he was able to have a higher probability of doubling the $200 bankroll
(betting it all one time would give a 49.3% success rate)
How about the flat bettor now betting $20. That gives a 10 unit bankroll
success = 42.96%
closer to Oscar system
Is the Oscar in my example 'better' than flat betting?
better = ?
how fast is ruin with Oscar compared to flat betting?
that is another question some may be interested in. time playing instead of how much can I win.
different bankrolls (and bet sizes) and win goals and time goals mean way different results
your mileage and fun will vary
Oscar
'Named after a hot dog, you poor man, you poor, poor man'
many LOVE hot dogs
Sally
I used a strategy card to play a perfect strategy. I have a Vegas trip coming up and I'm just looking for a way to maximize my play time and win some money if I can.
just flat bet to maximize play time (or no bet at times if they will allow this) and have lots of fun. you win by luck and basic strategy. better than a rabbit's foot.I understand that this system is probably flawed in some way, I just don't have the mathematical skills to prove or disprove it. The data I collected had peeked my interest. If I am only risking $200 at a time, my risk of ruin seems quite low.
all systems are 'flawed' playing against a house edge game.the number of times you played was low.
like flipping a coin 10 times and betting on Heads. one session you could get 6 or 7 or even more Heads.
You may now think you are a master coin flipper and can win money flipping coins.
Play more sessions and you will see those sessions that have more Tails than Heads.
until then, have fun playing and if you win, winning is only because
and not because you have some system that if everyone played would close all the casinos or force then to change all the games.
some more info from one that runs simulations for blackjack using many different betting systems
7-systems-and-3-ways-to-play-blackjack
I too will be in Las Vegas at the end of this month.
do not win all the money, I want to play and win some too
Oscars Betting Tips 2020
Sally
Oscars Betting Tips
