If you are a good blackjack player (or can read English), you might want to dig up $5 and have a go at the $5000 Blackjack tournaments at Miami Club each month. As of this posting, with a little over a week remaining, the cash prizes are very much within reach!
Top winner in this tournament will win $3500 cash. The guy in the top spot right now has a pretty sizable balance, unfortunately, but the # 2 spot is sitting on $600 and change in chips. That spot is paying $500 cash, so a nice prize to shoot for.
I Gave it a Shot…(My Strategy)
I have a balance on Miami Club from previous tournaments, so I bought in for my $5 and took a swing. I use a simple coin flip strategy when sizing my bets in blackjack tournaments. In a nutshell, I use our blackjack strategy chart so my decisions are sound from hand to hand, and I bet my whole chip and look to double up several times in a row. Similar to a coin flip game where you hope to flip heads a certain number of times in a row.
This tournament starts you with $50 in chips. I bet the whole $50 and doubled to $100. I bet the whole $100 and doubled to $200! That balance put me in the # 5 spot, on pace to win $50, for my original $5 buy in.
I took one more swing at it, betting half my stack and lost. I am currently sitting on a $100 balance (7th place) and on pace to win $20 for my original $5 buy in. Not bad return on investment, but I will probably take a shot at doubling up a couple of times before the end of the month.
If You Want to Give it a Shot…
1. You need an account at Miami Club and at least the minimum deposit.
2. Navigate to Tournaments and click the Halloween Blackjack tourney.
3. If you use the same strategy as me (bet the whole $50 and use a good hit/stand chart), then you have a 50/50 chance of doubling up to the $20 winner range on your first go.
If you use the bet it all, coin flip strategy, you might see the following results:
Win two “bet it all” hands in a row and you will be sitting on a $200 balance on pace to win $50 cash.
Win three “bet it all” hands in a row and you will have a $400 balance and that will currently have you in 3rd place where the winner gets a $125 payout!
The maximum blackjack bet on Miami Club is $200, so if you win 3 hands in a row to get to $400 tournament chips, and then bet another $200 max bet and win, you will be in a fight for 2nd position which pays $500 cash.
If you join this tournament or have some blackjack strategy tips to share, please leave them below. Blackjack, played right, is roughly a coin flip game with a slight edge to the house. However, playing in multi-player blackjack tournaments lets you have a chance to play against other players who might not be playing optimal strategy and thereby creates a positive expected value over the long term.
Why bet the whole chip? Because the blackjack house edge is there, even though its slight. The more wagers we make, the more our balance will trend downward, albeit slowly. So my goal is to make a few BIG bets, and hopefully get myself in contention. From there, I can adjust to smaller bets if I am content with my leaderboard position and want to try to move up a spot or two without risking it all at that point.
That’s my theory on how someone can make money with their blackjack skills, cashing in on large prize pool online blackjack tourneys. Miami Club is one of the sites I always keep in mind because they have weekly $500 blackjack tournaments and are known to spread really nice prize pool blackjack events around holidays. The payouts are cash, not bonus, so if you win $3500, you are in for a nice withdrawal!