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3 Out Method in Casino Gambling

By Wild Bill

Now that the player has calculated his bankroll and bet size using the three-out method, a general overview of how the system works from hand to hand is needed.

The key to remember is after a loss, recalculate bet size based on a three-bet winning streak reaching the goal of winning three times the initial bet, plus any losses incurred. Let's put this into numbers when the player has $800 in bankroll and at his first table his risk amount is $60 and his bet size is $5.

Should he win his first bet, he bets $5.  Should he lose, he now has to win $15, three times his initial bet, plus the $5 he just lost.  If he wins three bets of $7 in a row he accomplishes his goal, so $7 becomes his new bet size.  f he wins twice and then loses the third hand, he nets $7 ($14 from two wins less $7 from one loss) and therefore needs only $13 to reach his goal of $15 net win for the session.  The math becomes simpler with practice, in essence after a loss recalculate.  If the player wins one then loses one, the bet size stays the same.  If the player wins two then loses one, the bet size goes down.  If the player wins three, then of course the series is over.

Let's say our hero runs into a lot of losses. His bets are going up, but the winners just aren't showing.  He must remember not to lose more than his table risk of $60.  If he finds his goal at more than $45, or more than three bets triple his original bet, he should recalculate his bet size so that he will net his win goal if he wins four hands in a row.  Note it is almost impossible to continue beyond this without losing the table risk amount.

If he does lose $60, the chase begins as now our hero doubles the size of his table risk. He now puts $120 at risk and his initial bet becomes $10. He uses the same method as before, but everything is doubled. The nice thing is many sessions will end happily, with three wins in a row added to his bankroll.  In this case where he has dropped the $60 portion of his bankroll, he plays to net his goal of $30 per table twice in order to recover his original $60. Should our hero net $60, he should drop back down to playing as he did, with $60 per table risk and $5 bet size.

Should he lose the $120 risk before reaching his table goal twice, he moves to the last part of the chase. He starts with $240 and a $20 bet. Once again all our hero needs to do is to net two table goals, now at $60, so he can get back to the level below where he stands now.

The method works in steps with controlled chasing. If he loses all three risk amounts, he starts at the bottom with the second half of his bankroll.

Most of the time should be spent playing at a minimal level, where the urge to chase is generally kept under wraps. Should our hero lose at a table, he knows he can chase, but he must do it under control with a formula he must follow. He never tries to get it all back in a couple of hands, a downfall far too many gamblers know well. In the next article, I will discuss game-to-game changes.

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