Flat betting is simply betting a set amount on each hand. For example, if you were playing blackjack and flat betting $10 per hand, you would bet $10 on the first hand, $10 on the second hand, and so on.
Many blackjack players adopt a flat betting strategy because it is easy to follow and because it doesn’t require any complicated math.
The main advantage of flat betting is that it minimizes your losses when you have a losing streak. If you bet $10 per hand and lose four hands in a row, your total loss will be $40.
If you had been progressive betting, your total loss would have been much higher. For example, if you had been betting $10, $20, $30, and $40 on the respective hands, your total loss would have been $100.
Another advantage of flat betting is that it allows you to take advantage of winning streaks. If you bet $10 per hand and win three hands in a row, your total profit will be $30.
If you had been progressive betting, your total profit would have been much less. For example, if you had been betting $10, $20, and $30 on the respective hands, your total profit would have been only $60.
So should you flat bet in blackjack? That depends on your goals. If your goal is to minimize your losses during losing streaks and maximize your profits during winning streaks, then flat betting is a good strategy for you.
However, if your goal is to make as much money as possible regardless of whether you’re on a winning or losing streak, then progressive betting may be a better option for you.