Friday, March 31, 2017

Let's Talk Pushes

A lot of times when you read (or watch) people talk about losing at BlackJack they are talking about actually losing a hand by either breaking or being out drawn by the dealer. But the push can equally be a money drainer if it rears its head often enough.

As I showed in previous postings, pushes happen relatively rarely in the game but there are times where pushes will cost you your bankroll (or session-roll) if it shows up at inopportune times. Card counters know that when the deck is rich in high cards that they are likely to get more 20s and blackjacks. It also means that the dealer is more likely to get more 20s and blackjacks. The problem discussed here is when that happens frequently enough to cost you many high bets.

My method of play involves betting high when there is a higher statistical likelihood of winning and conversely betting low when it is less likely but it is NOT card counting. Due to my method, I have a relatively high exposure to situations in which pushes are likely to happen. This can, and has presented problems on occasions. Let me paraphrase something I read online some months ago about surrender.

I read that the problem with surrender is that obviously if done each and every time, results in situations where you surrender where you would have won. In such a case not only do you lose the half-bet that you "recovered" but you also lost the money you would have won had you not surrendered. If you look at basic strategy for a game that allows late surrender you'll note that they tell you to surrender or HIT. Have you seen a surrender or STAND? No, neither have I. Personally, when I play in places where surrender is not an option, I have chosen to stand where Basic has called for surrender or hit. I'f I'm going to lose the money, I'm going to lose the money. You should do whatever you're comfortable with though. I'd rather lose the bet than the bet and a half.

So yes, wrong surrenders could cost you money. I'm sure mathematicians will point out that long term this may not be the case but most people are not going to be playing billion of hands, so there's that.

Similarly pushes that happen when you have high bets out cost you money because you're betting low when your losing and the high bets are how you overcome these losses, but each time you raise you lose or get pushed and there goes your bankroll.

I haven't quite figured out how to deal with this situation since you have no idea that you're in a push-hole until you've had a number of your high bets nullified. I have noticed though that these high number of pushes occur with numerous long losing streaks (6 or greater). Fortunately I have not seen this occur on consecutive shoe games. Continuous shufflers are a different thing altogether.

So this note is just to make the budding player aware of the roll that pushes have on your gambling income. Yeah, you didn't lose, but if you can't make your high bets (and you'll certainly lose a few high bets), pushes will allow the house to 'nickel and dime" you out of your money.