Progressive Betting System - 5 Level
This is another simple, yet effective system, based on a 1,2,3,5 back to 1 progression.
Example: For a $5 player, the betting levels would be $5,10,15, and 25.
With this system you start with your $5 bet and progress to the next level when you win a hand. If you lose a hand you drop back down to your original $5 wager.
If you win four hands in a row you should then drop back down to your original $5 wager, hence the 1,2,3,5 back to 1 progression.
Lets take a look at how this works.
This system is rewarding when you experience winning streaks but still doesn't kill you with losing streaks.
Lets say you lose your first three hands and then win your next three. Assuming a starting wager of $5 you would be ahead $15 at the end of six hands.
If you were betting an equal amount on each had you would be even.
It should be noted that progressive betting systems such as these fail when you experience a win, loss, win, loss, win, loss, type of scenario.
In a case like this, you would be better off betting an equal amount on each hand.
However, this is the risk you take in your attempt to maximize profits on streaks of 3 wins or more. And in reality it is not as risky as simply using basic strategy and betting an equal amount each hand.
The nature of blackjack is such that winning streaks and losing streaks frequently occur, and that is where progressive betting systems maximize your profits.