Playing With The Houses Money

15 years ago or so as I was doing research for blackjack strategies I came across a video from Telly Savalas. Its titled "Telly Savalas: The ABCs of Winning Blackjack". The video touched on a bit for the total blackjack newbie (hit on < 17 if dealer has < 7 showing) stuff but the big takeaways I got from it was the betting strategies. A little definitions for non gamblers: Unit = the amount of money you are betting. Generally on blackjack tables it is the table minimum. So a $5 minimum table 1 unit would be $5) House = the person you are playing against, in this case refers to the Casino. The basic rules were this: 1 - Make your initial 1 unit bet and continue to bet 1 unit until you win ($5). 2 - After each win continue to bet 2 units ($10). Basically after the first win you are risking 1 unit and playing with 1 unit that you won from the house. Then each win in a row after that you are risking 0 but winning 2 units at a time. Now this is all based on analyzing billions of hands of blackjack and learning that winning and loosing streaks come in 3 or more on average. I have used this strategy for many years and its worked out pretty well for me. Most of the time when I play in casino's its for entertainment value but my friends are always surprised at how well the strategy works over the long haul. How it applies to making money online: The making money online industry is very strange. You have people of all ages going from 0 to thousands or more per day when they find their groove. Most of the time these people do exactly what they shouldn't. They buy cars, houses, take vacations... then when their niche dries up they are not only broke again but now have a ton more loans. The best thing to do is play with the houses money. In the last 6 years I have been playing with the houses money. I never have to get a loan, or seek funding for a new venture because I have saved money from our past successes. AND while my income has significantly gone up year after year my spending has not. Thus I can continue to play with the houses money. Everyone in this industry if they keep at it long enough will find some niche or angle to make money that will be very lucrative.... but the odds it will last are not very good. If you want to survive you have to always look to parlay your winnings into your next thing. If you start spending money like water and stop looking for new opportunities your screwed. And this is exactly what happens to MOST people in this industry.