How to Learn the Kelly Method of Betting

By eHow Hobbies, Games & Toys Editor

Rate: (6 Ratings)

Use the Kelly method of betting to lessen the chance of going broke when playing blackjack and counting cards.

Instructions

Difficulty: Moderately challenging

Things You’ll Need:

Step1
Learn to count cards. (See "How to Count Cards.")
Step2
Learn how to play break-even blackjack. (See "How to Play Break-even Blackjack.")
Step3
Figure out your advantage in percent when you have a true count of +2 at the blackjack table. Note that the rules and number of decks will give the casino the advantage until the count reaches a certain point, generally +2.
Step4
Figure out that same percentage of your bankroll and what it comes out to in dollars. This is Kelly betting.
Step5
Recognize that performing complicated mathematical equations is impossible at the table with the dealer demanding a decision and the cocktail waitress asking you if you want a drink.
Step6
Quarter or halve that percentage of your bankroll.
Step7
Bet that quartered or halved amount when you have a true count of +2 at the blackjack table.
Step8
Raise your bet when the count goes up. When the count goes up by true +1, the advantage goes up by 1/2 of a percent.

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eHow Article:  How to Learn the Kelly Method of Betting

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