What is a Progressive Bet?
A progressive bet is when you make a bet that increases as the game progresses. For example, if you are playing blackjack and bet $10 on the first hand, you might bet $20 on the second hand, and $30 on the third hand.
This type of bet is common in blackjack because it gives you an advantage over the house. .
Theoretically, a progressive bet gives you an edge of 1.5% to 2.0% on every hand. This is because the house has to split its winnings between hands equally, regardless of how much money you have wagered.
If you are betting $10 on each hand, and the house wins $100 on the fourth hand, they will have to pay out $110 to you. However, if you had wagered $20 each hand, they would only have to pay out $80 to you. Therefore, betting progressively increases your chances of winning money in blackjack.
There are two important things to keep in mind when making a progressive bet:
-Make sure that your total wager for all hands equals or exceeds the amount of your progressive bet
-If the dealer hits a soft 17 or 18 (a very common occurrence), your progressive bet will be refunded in full
Although progressives give you an advantage over the house, they are not always a wise decision. If you are not confident in your ability to win at blackjack, it is better to stick with basic bets rather than gamble with your money on something that may not work out.
Additionally, if the dealer hits a soft 17 or 18 (a very common occurrence), your progressive bet will be refunded in full so it’s important to make sure that your hands are strong enough to withstand this type of loss before betting big money on a progressive wager.
