Various Betting Systems

It’s a given fact the majority of betting systems don’t succeed in beating online casino games that have a house edge.

Ultimately players will be duped into believing that a betting system actually works, by means of risking their hard earned cash to win very little. Strictly speaking no betting system can withstand the test of time in the long term. In addition, the longer you play, the more cash you stand to lose and the smaller your chances of winning an actual bet becomes, walk away while you’re bankroll and your self esteem is still intact before it is too late.

Gamblers Fallacy

Arguably one of the most flawed gambling myths of all time is when an event that has not occurred becomes overdue and then it becomes more likely to occur-this is better known as the “gamblers fallacy”. Some casino “players” have invented so-called betting systems hoping to take advantage of the gambler’s fallacy by wagering the opposite way of current outcomes. Here’s an example; assuming a player/s anticipates three reds in roulette and then he/she decides to wager on black. Huckster’s sell “assured” get-rich-fast betting systems are all based on the gambler’s fallacy. These systems don’t work and con-artists are out to exploit players gullible enough to fall for this nonsense.

Another well-known gamblers fallacy has been dubbed ‘the doctrine of the maturity of the chances’ (or ‘Monte Carlo fallacy) it incorrectly states that for every game play of chance which is not autonomous of the others and that a number of results of one sort should be balanced in the short run by other possibilities. Numerous ‘systems’ have been invented by players based mainly on this fallacy; internet casinos are more than happy to promote the use of these systems aiming to take advantage of any player’s ignorance of the strict rules of chance and sovereign plays. It goes without saying that NO betting system has the potential to convert any casino game into a profitable enterprise.

The online casino market has become “cluttered” with the amount of so-called “guaranteed” betting systems and a myriad of players believing and swearing by such systems have become legend. Betting systems comprise one of the oldest delusions of gambling history and it has ruined many a player.

The Martingale Betting system

Say no more…this betting system follows the premise where a player doubles his/her bet after each loss. It’s usually played with an even cash game such as the red/black bet in roulette or the pass/don’t pass bet in craps-this system is better known as the dreaded Martingale. This system simply states “double” your bets after a loss and the player will win sufficient cash to cover all his/her previous losses plus one unit. For example; assuming a player begins to wager with $1 and loses four bets in quick succession and manages to win on the fifth, he/she would have lost $1+$2+$4+$8 = $15 on the four losing bets and won $16 on the fifth bet. The losses were covered and the player landed a very scanty profit of $1. To be honest it’s far easier to lose numerous bets in straight succession and run out of wagering cash after you’ve doubled it all away-don’t!

Let’s have a quick peek at two distinctive systems: the Martingale and Flat betting. Each has been applied by wagering on the pass line in casino craps (which has a 49.29% likelihood of winning). Those players who use the Martingale will always start-off with a $1 bet and start the session with $255 which sufficiently covers 8 losses in one go. The flat bettor would wager $1 every time. The Martingale player would play for a 100 bets or until he couldn’t cover the amount of a bet. In all probability chances are good that he/she would stop gambling and leave with their remaining cash. Should the player’s 100th bet result in a loss, he/she would continue wagering until the bet has either been won or the next bet couldn’t be covered Read More about the Martingale Betting system.

Don’t waste your money on betting systems

Unfortunately nowadays the internet is swamped with “pro-gamblers” trying to “swindle” novice players into purchasing betting systems with false promises of beating internet casinos. People guilty of selling these so-called betting systems are comparable to 19th century snake oil salesmen.

Players are advised not to waste one cent on any gambling system/s. Every time one has been put through a computer simulation it has been unsuccessful and indicated similar percentage of losses to cash wagered as flat betting. It is noteworthy, that professional scholars make use of complicated software programs to analyze scientific anomalies in their respective field of research and yet when it comes to betting systems computer analysis proof to be “insignificant and untrustworthy”. Therefore, if it won’t work on a computer, it’s highly probable that it won’t be successful at an internet casino as well.

Betting system salesmen more often than not guarantee ludicrous rewards. For example, even with just a 1% advantage on even money bet, it would not be difficult to turn a $100 into $1,000,000 by wagering in proportion to one’s bankroll. If one has to run a high-end computer software replication based on the toss of a partial coin, with a 50.5% chance of winning. At all times the player will wager 1% of his bankroll, rounded down to the nearest dollar. However, if a winning bet would put the player over $1,000,000 then he/she will only bet as much as required to get to exactly $1,000,000.