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Blackjack Insider Newsletter, Jan. 2004, #48

A Little Knowledge Goes a Long Way

By Kenneth Smith

Ken Smith hosts the popular website www.BlackjackInfo.com and the new site for tournament players www.BlackjackTournaments.com. Ken has written tournament articles for Blackjack Confidential magazine. You can subscribe to his free email newsletter for blackjack players at http://www.blackjackinfo.com.

In tournament blackjack, having just a little knowledge about tournament strategy can dramatically improve your chances of success. In recent months, my articles have focused on details of play appropriate for a player who already has some tournament experience. Today I’ll take a step back, and look instead at more general principles that form the most important ideas in tournament strategy. These concepts will give you a big edge over most opponents, and they’re simple enough that you don’t have to study to make use of them.

Like most types of informed gambling, effective tournament strategy is all about Risk Management. To win a table, you’ll usually have to risk much of your bankroll at some point. The key to long-term success is to make sure that you get full value for every big bet you make. If there’s one thought process that’s important in every single decision you make at the tournament table, this is it. Weigh the risk and reward of your choices. If you constantly think in those terms, you can assess the value of different strategies according to your current situation at the table.

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