Flat betting is a straightforward and disciplined betting strategy often used in live casinos and various gambling games. The core concept of flat betting is simplicity: you consistently wager the same amount of money on each bet, regardless of your previous wins or losses. This approach contrasts with other betting strategies that involve varying bet sizes, like the Martingale or the Fibonacci systems, which adjust the bet size based on the outcomes of previous bets.
Here are some key characteristics of flat betting in live casino contexts:
Consistent Bet Size: Regardless of whether you're playing live roulette, blackjack, baccarat, or any other casino game, your bet remains the same with every round. For example, if you decide to bet $10, you continue to bet $10 on every game or hand.
Risk Management: Flat betting is considered a safer betting strategy because it helps prevent large losses. By not increasing your bet size after a loss, you avoid the potentially rapid depletion of your bankroll that can occur with progressive betting systems.
Simplicity and Ease of Use: This strategy is straightforward and easy for any player to implement, regardless of their experience level. It doesn’t require keeping track of previous bets or doing complex calculations.
Limited Potential for Large Wins: While flat betting is safer, it also means that you won’t win large amounts quickly, as the bet size does not increase even when you're on a winning streak.
Suitable for Long-Term Play: Flat betting is often seen as a sustainable way to enjoy gambling over longer sessions. It allows players to manage their bankrolls effectively and enjoy the game without the stress of significant financial fluctuations.
In summary, flat betting in live casinos is a strategy that emphasizes steady, controlled play, making it a popular choice for players who prioritize risk management and longer gameplay sessions over the pursuit of rapid, high gains.
A Practical Example of Flat Betting
A practical example might help you understand how this betting system works. Assuming you want to play live casino games with a $2,000 bankroll. But instead of bringing the whole budget to the live casino to use randomly, you decide to use only 1% of the budget on any casino bet for a specific period. This can be a day, month, or week.
Now, 1% of the $2,000 budget means betting $2 per stake. Then, when the gambling period ends, an audit shows a $200 profit. Of course, this means your betting sessions are showing promise. So, you decide to increase the flat betting stake to $22 per stake, 1% of the $2,200 total budget.
But it will not always be a smooth ride at the live casino. Because losses are inevitable, the initial budget can shrink to $1,500 or even $1,000. Players can even lose their entire bank if they play without an optimal strategy. If the worst happens, the flat betting strategy calls on you to use 1% of the remaining budget during the next phase.
Flat betting generally ensures you don't lose the entire gambling bankroll in one session. If the budget is $200, this strategy provides you with at least 100 rounds if the idea is to wager 1% of the bankroll unit. And even if you play luck-based games like slots and bingo, the chances are that you won't lose all the 100 betting rounds.
Flat Betting in Live Casino Blackjack
First and foremost, decide the betting unit to use. Such a betting unit won’t bring down your bankroll if a cold losing streak sets in. Next, decide the exact number of hands to play using this strategy. While the recommended number is 100, let your budget do the deciding. So, if you have a $100 budget, divide it by the number of hands to know the amount you’ll need per round.
But before you get excited about flat betting in live dealer blackjack, remember that this is one of the most flexible games in the casino. That’s because some scenarios can compel you to increase your stakes, while others may call on you to lower them.
For instance, players raise and lower stakes in card counting. Players can increase the stakes with strong shoes and vice-versa with weak ones. In that case, flat betting won’t count for anything. But overall, it’s arguably the best blackjack betting strategy for beginners.
Flat Betting in Live Casino Baccarat
Flat betting is more of a baccarat strategy than blackjack. Baccarat is a simple live casino game where players receive two cards on the Banker or Player positions. The idea is to predict a hand total of 9 or 8, also called a natural. If you choose to use flat betting in this game, you’ll most likely end up with a profit. That’s because the Banker and Player bets give you almost a 46% chance of winning a wager. But be wary of the Banker Bet’s 5% commission.
But because flat betting is more about betting to win than caring about the margin, choose the banker bet, which has a lower house edge. Remember, the objective is to bet consistently without losing your bankroll at once.