How Oscar’s Grind Works
Firstly, Oscar’s Grind works best in 1 to 1 bets, so stick to the 1 to 1 outside bets in Roulette and the Don’t Pass Bar or Pass Line bets in Craps. However, some players use the Oscar’s System for the dozen (street) bets in Roulette, though we don’t recommend that.
To start, you set a starting denomination, which can be anywhere from $1 to $1,000 depending on your bankroll, but do be aware of the table maximum. Setting the unit denomination corresponds with the progression 1, 2, 3, 4. This progression is unchanging and both marks the stop as well as the end of the betting progression. When you win, you move up in the progression by an additional starting denomination, and when you lose, you keep your bet the same. You start back at the beginning of the progression when you reach a one unit profit, and the goal is to continue winning one unit of profit at a time. You also do not go past the fourth unit in the progression. Instead, you stay there until you reach that profit margin. This is in order to preserve your bankroll as best as possible when you’re on a losing streak.
It is important to keep track of the wins and the losses and where you are in the progression, because if you continue past the one unit profit, or go back to the beginning before you reach that one unit profit, it defeats the whole purpose of the method. It is rare when you are betting on the 1 to 1 payout games that you will go on a very long losing streak that will make you burn through your entire bankroll before you get the one unit of profit, though it is important to note that it is absolutely possible, and you should set your unit denomination to correspond with your budget. The more conservative the better, and always set a timer for yourself and know when to walk away.
Oscar’s Method can be great, and it’s conservative enough to allow you to see if it’s not working before it’s too late, which is more than we can say about the ever popular Martingale System. As said — but it’s important enough to reiterate — it is crucial to make sure you are keeping careful track of the amount you are making since you restarted the progression.