Even though Oscar (the founder of Oscar’s Grind betting system) used his technique particularly on craps, this system can be easily adapted to Blackjack or Roulette.
The system is designed to do well in streaks – either it’s winning or losing streak. If you are on a winning streak, Oscar’s grind betting system lets you maximize your winnings, and if you are losing, it will help you to keep your bets low. However, keep in mind that no one can predict long streaks, thus you shouldn’t rely on this system as a 100% winning guarantee.
How does Oscar’s Grind System Work
The idea behind this betting system is plain simple and similar to the D’Alambert system – it has four main stages. You move through those 4 stages as you are winning, it looks like this: 1-2-3-4. That means you add one betting unit every time you win. And you do that until you reach 4 units added to your original stake. The idea behind this method is to get a 1 unit profit each time and move forward. We should also highlight that you shouldn’t go to your starting unit after winning – it remains the same.
Let’s take a look at this example:
- Bet 1 and lose
- Bet 1 and lose
- Bet 1 and win
- Bet 2 and lose
- Bet 2 and lose
- Bet 2 and lose
- Bet 2 and win
- Bet 3 and win
- Bet 4 and lose
- Bet 4 and win
- Bet 4 and win
- Bet 4 and win
Benefits and Disadvantages of Oscar’s Grind System
We have already mentioned that Oscar’s grind system is similar to D’Alambert betting system. However, this one is less risky due to the fact that each time you lose, instead of increasing the stake you leave it at the same level. It’s a perfect strategy for short runs. If your stake unit is $2 and if the scenario we provided in the example above (which is more than likely to happen), you would have a profit of $6.
On the other hand, even a short losing streak can put you in a really big hole. This is extremely dangerous if you already are on the fourth stage of betting and losing run continues. An event like this can burn down your bankroll in a couple of minutes.
Our best advice is to stick to a down-to-earth stop loss line. The thing is, at a certain point after a very unlucky losing streak your chances of bouncing back are miserable. Let’s say you are down 15 units. Is it possible to come back from a deficit like this? Probably no, so it’s better to make this bitter decision and quit now. Your stop loss mark should correlate to the size of your bankroll and risk tolerance.