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Since the house’s edge is slightly under 1%, you would lose slightly more than 51% of your hands, as a guess. But call it 50% for making the math easier. The odds of losing two in a row are then 25%. Three in a row is 17. You can come up with a basic probability for the odds of winning or losing x number of times with some simple multiplication. Let’s say you want to know the odds of winning three times in a row – raise your overall odds of winning (42. 22%) to the third power (for 3 wins in a row), and you get 7. 54% chance of losing. Gf_found_old_account • 9 yr. As an actuary i'm gonna agree with actuarial (it was on our first actuarial exam). The name for this system is the martingale. Ignoring ties the probability of a new loss for a hand of blackjack is 52. 5251 8 = 1 in 173. Using the same formula we applied above, the odds of losing 10 times in a row in blackjack are 0. 0814%, which is a minimal number/ chance, but this is a game of chance. 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