It is often said that day trading is fundamentally different from gambling or at least successful day trading. Successful traders control risk with smart, proven strategies rather than intuition. But delta slot88 players are down to luck. Most types of gambling, such as roulette and slot machines, are pure luck. But blackjack is a game where a good system can take advantage – at least that’s what I hear. Trading myself I thought it might be interesting to apply his techniques to blackjack to see if I could give myself an edge. If you can do that, you may be wrong about gambling and it may have more to do with trading than you thought.
We started by approaching blackjack the same way we teach beginners to approach the market:
systematically. It teaches you to learn the rules, find viable strategies, test those strategies, evaluate the results, and refine them. With these five steps in mind, I tried a game of blackjack.
First, I learned the rules as much as I could. Each card has a certain value and you win if the card has more points than the dealer and less than 21 points. This is the basic rule, but with some twists:
You can split, double down and even insurance. Some casinos allow you halo69 to split your hand multiple times and double down after the split, others don’t. Knowing what you can and can’t do is important because it increases your chances and definitely influences the strategy you choose.
Next, we identified a promising strategy. Blackjack payouts are simple:
If you win, you will be paid exactly what you bet unless you have a “blackjack”, an ace, a ten or a face card. In this case, he wins twice the amount he bet. I generally avoid this kind of risk management. Because when you trade, you try to make at least $1.50 for every $1 you wager. Knowing that the odds-to-risk ratio in blackjack is usually only 1:
1, I had to find a strategy that would give me a 50%+ win rate. After familiarizing himself with the dealer’s basic rules and strategies (e.g., hit 17 to finish), I learned that he only had a 45% win rate when imitating the dealer’s strategy. Long-term profits cannot be achieved with this. After spending two hours surfing the web and learning some more sophisticated strategies, he finally found one that allowed him to achieve a 49.5% win rate. It’s still not good enough, but I think that with other trading techniques such as proper money management, you have the best chance of making a profit of 50% or more. Now that you have chosen your strategy, move on to the next stage.
Third, test your strategy. There are 3 strategies I want to test:
1. No strategy, just intuition. It’s unlikely, but you might find that I have an innate intuition when it comes to blackjack. 2. A simple strategy that is easy to remember. 3. A more complex strategy that requires the use of a cheat sheet. Casinos may not allow this, but I wanted to see if a more sophisticated strategy would work much better than a simple strategy.When it comes to day trading, I believe in simple strategies,
I found a blackjack simulator online and played each strategy for about 30 minutes. My goal is to create 40 games to get statistically relevant results. You used $1,000 as your starting capital and played at least $10. This seems to come closest to that condition.