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Experience level aside, the strategy is probably more suited to casual players or conservative players who are not looking for big hits but are happy to sit at a table for a few hours grinding away at the game. The system requires a great deal of patience and discipline to stick to the single unit betting practice required. How high is the risk? The reason for this is that the system is designed to be a low betting system where only a single unit is initially bet. This means that losing only entails losing a single unit initially and if you happened to lose the next hand it would also only be a single unit.
A single unit is whatever the lowest possible stake is at the Blackjack table happens to be. Raising bets is also a very small increment and while the profits from this system may be low, so is any negative impact on your bankroll. Are winnings guaranteed? It is safe to say that, unlike a number of other systems, winnings are guaranteed with this system simply because the overall expectations are quite low.
This system is used by many professional online Blackjack players who make a living off of grind blackjack. The answer to this question is definitely yes if you are the sort of player looking for a low risk but high time investment sort of Blackjack strategy. The system was designed by working gamblers who needed a slow and steady system that would basically make them a daily living. That is what professional gambling is all about, working a system and making small and predictable profits.
There are many different options at the Blackjack table including a number of tips and tricks that can still be incorporated with this conservative system as well as other Blackjack systems such as Hi-Lo card counting that can make the grind far more effective in the long run. Overall, Oscar's Grind will tend to win in a streaky game and do badly in a choppy game.
Rules The following is how to play Oscar's Grind on even money bets. The player will choose a winning goal and bankroll. A one-unit bet shall be equal to the winning goal. The player makes a one-unit bet. The player keeps repeating until he either reaches his winning goal or blows his entire bankroll. Here is my flowchart of how to play.
Start in the upper left square. Click on image for larger version. Simulation Results To show what to expect from using Oscar's Grind, I wrote a simulation that followed the rules above, based on various bets and games.
The simulation used a Mersenne Twister random number generator.
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