Posts tagged Betting
Casino Betting Systems
Jul 6th
We would all like to find a foolproof system to beat the Casino at the Roulette Table – unfortunately, there isn’t one!
The thing to remember is that in roulette, each spin of the roulette wheel is totally random. If the colour red has come up ten times in succession, the odds of it coming up on the next spin are still 50% (actually, using a European roulette wheel it is 48.6% because of the chance of the ball landing on 0, reducing to 47.3% on an American wheel which also has a 00)
So unlike in card games, where previously dealt cards can have an effect on the next card, each spin of the roulette wheel is totally independent and unrelated to what happened previously. Therefore any mathematical system that relies on historical data must be unreliable as history has no relationship to the next spin of the wheel.
There are however ways in which you can help increase your chances of winning – at least some of the time. Always remember though, that you should play roulette for the thrill of the game and always ensure that you can afford to lose – I have never yet met a poor Casino owner!
First, always, if possible, play with a European roulette wheel, where the odds are slightly more in your favour. (The house advantage is 2.7% for European and 5.26% for the American table).
One popular method used to try and beat the wheel is called the Martingale system. Dating back centuries to the time when gamblers used to bet on the flip of a coin, it is a very simple system that, used wisely, can help the gambler come out on top, at least in the short term.
The principle behind this system is to bet on something that gives you an even chance – red or black, odd or even, high or low – and to chose the same bet every time and if your choice does not come up, double your stake. So for example, if you chose to bet on red you would start off with a £5 bet; if the ball lands on black, you then double your next bet so you again bet on red, but this time you bet £10. If you lose again your next bet would be £20 and so on. When your colour comes up, you win back all your previous losses and win an equivalent amount to your original stake – in this case, £5.
After a win, you start again with your initial stake.
This may sound foolproof but there are two basic downfalls. First, you might lose your bankroll before your choice comes up – for example if you are on a losing streak, your 9th bet, if you started with £1, would need to be £256, needing a total bankroll of £510. Starting with £5, you would need a total bankroll of £2,550. You really need to ensure that if you are on a losing run, you know when to stop and I would always recommend that you limit yourself to a maximum of 7 or 8 bets before accepting defeat.
Secondly, most, if not all online casinos, have a table limit and you can easily reach it before your choice comes up. With a table limit of £500 and starting with a £5 bet, you would be over the table limit by the time your 8th bet is due (£5, £10, £20, £40, £80, £160, £320, £640 – well above the table limit).
Despite all this, there are ways to improve your chance of showing a profit.
First, find a casino that is offering a good deposit for first time players, that way the casino is contributing to your bankroll.
The Martingale system works best in the short term, the longer you play, the more likely you are to experience a long (and expensive) losing streak. Once you have had a few wins, change the table you are playing at and change your bet, so instead of betting on red or black, change to betting on odd or even.
Don’t play for too long – I would suggest an absolute maximum of 2 hours, and when you play again, change casinos to make the most of the initial deposit bonuses available. Finally, always check that you are playing on a European table, what the house table limits are and check the t&c’c of the operator. And DON’T play with more than you can afford!! – enjoy!
Tony Murtagh has been involved in building and developing websites for over 10 years. At present his main focus of attention is on his Gambling portal – The Betting Directory (http://www.betting-directory.org.uk/) and he also runs several gambling related blogs, including Online Gambling News (http://bettingandgamingnews.blogspot.com/)
If Sports Betting Professor Wins 90% of System Plays – Why Do So Many Sports Bettors Fail?
Jun 10th
If you are just starting out with sports betting then you may not have heard of the Sports Betting Professor, but if you have been gambling for awhile then I’m sure you have come across this program.
On the website it has a claim that it wins 90% of the System Plays. In my experience with this program I have actually experienced a better rate than that, but first let’s explain how this system actually works.
It uses a 3 bet progression system, where after a loss you next bet is to make up the previous loss plus the target profit goal that you set.
Here’s an example of how it works. Let’s also say that you target win amount is $20
Bet A: $22 to win $20 (Using -110 Odds)
Bet B: $46.20 to win $42 (Make up the $22 from A Bet Loss + the Target Profit of $20)
Bet C: $97.02 to win $88.20 (Make up the $22 A Loss & $46.20 B Loss + the Target Profit of $20)
*** Each Series Loss is Worth Approximately 8 Wins (8.2 wins) ***
Now at the time that I’m writing this here are the actual results that I have experienced with the Football and NBA Series Plays:
Football (NCAA & NFL): 60-1 98.36% Winning Percentage
NBA: 26-1 96.30% Winning Percentage
Now we know that each loss is actually worth 8 wins from the example above, so the weighted results from The Sports Betting Professor are as follows:
Football (NCAA & NFL): 60-8 +52 Net Units
NBA: 26-8 +18 Net Units
This Results Are Exceptional… How Can Any One Fail With this Program?
The Answer is Simple: GREED
You see. This program is amazing, but you still need to be careful and make sure that you manage your bankroll properly. There is no doubt that there will be losses that occur throughout the season, so it’s important that you plan for them.
So here is how people will fail. What a lot of people will do is have a starting bankroll of $1000, but instead of planning it properly they decide that they will set their target win amount at $100. They start to win and win and then they increase their wagers to $200. I think you can see where the problem is here.
As long as they keep betting to win 10% of their bankrolls per series eventually that one loss will wipe out 80% of the profits and will almost leave them broke. With any program you should never risk that much of your bankroll on any given betting series. My suggestion is to try to win 2%-4% per betting series. This way when you lose (and you will lose once in awhile) you still have funds to continue moving forward and building your bankroll.
Since I run a sports betting review site, I have tried a lot of different sports betting systems out there, but The Sports Betting Professor is definitely one of my favorite programs out there. You get daily plays from the owner Rich Allen who offers great support and the results speak for themselves.
No matter what sports betting system you use, make sure that you don’t have too much at risk per bet or betting series. Good Luck!
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What is Martingale Technique in Casino Betting Strategy?
May 1st
There are many betting strategies used by players try to win money from casinos. Among the most popular and simplest strategy is called Martingale technique. Although it is the simplest strategy use by most gamblers, it is one of the most dangerous methods that may causes you lose all you money fast if the game’s draw results are not the outcomes you projected. Let find look into the details of Martingale technique and see how it will help in your betting as well as risking your money.
Martingale technique is a betting strategy that asks you to double your bet every time you lose. The theory goes in this way: In any casino game, it is very common to have runs of 5, 6 or even 20 consecutive outcomes of high or low, even or odd, black or red; but it will finally result in the other side of outcome, so if you continue double your bet, you will eventually recoup your loses and win at least one chip extra when the outcome result in the field you bet on. For example, you are playing on Roulette and bet on Black with $10, it turns out to be Red, you lose, you continue to bet on Black but this time the betting amount is $20. It turns out to be Red again, you bet again on Black with $40. And, the games go on if you continue to lose, you double up with $80, $160, $320, $640…until the outcome turns to be Black, you win. Once you win you will cover you loses and win $10.
Theoretically Martingale technique is a perfect betting strategy that ensure you will win if you have sufficient money to double up the betting amount until you win. But, in true life this is the case because casinos have implemented a few game rules to protect themselves from rich players who have money to play using Martingale technique. One of the rules is maximum limit that you can bet on a field. If a player using Martingale technique to place his/her bet and if he/she continue lose and double up the betting amount, eventually maximum limit will be reached and the player can double his/her bet amount anymore. This is how casinos stopped players to continue winning with Martingale technique.
Playing with Martingale technique can be very dangerous because it was wipe you out very fast if the outcomes of the draw result always put you in the lose side and cause you hit the maximum limit where you can’t double up your betting anymore. For example you bet on Roulette table which has minimum limit of $1 and maximum limit of $300. You start bet on Red with $1 and double up to $2, $4, $8, $16, $32, $64, $128…today you have a very bad luck, the Black continue to come out consecutively for 8 times, but you believe this round (the 9th round) should be Red so you bet with $256 on Red. You are praying and hoping the outcome to be Red because you know that if this round still results in Black, you can’t double up your betting any more because of the table limit. Unless you are lucky this round else you will lose. Here is where the Martingale technique broken because you can’t bet with $512 on Red even you have money.
You will face a high risk of losing money using Martingale technique if you solely play with your luck. But it can work well if you use it with a few good betting strategies that you may learn from e-books or articles published by casino pros.
Chris Wiseman is an author from http://www.onlinecasinos-review.com You can visit his website for more Betting Strategies, Online Casino Review and other online casino resources.
Classic Betting Strategies – Oscar’s Grind
Apr 7th
According to legend, in the 1950’s a craps player named Oscar developed a progressive betting system for grinding out a small profit. And so, Oscar’s Grind was born. While the system yields only small profits, it has the nice feature of operating at low risk. You won’t win a gazillion dollars, but you won’t lose a fortune either.
Oscar’s Grind System will win one unit of profit per series of bets. To start playing you bet one unit. If you win, bet one unit again. When you lose, a series starts and you bet one unit a second time. Never increase the size of your bet after a loss, but every time you win increase your bet by one unit. However, any time if a bet would win and earn you more than one unit on the series, reduce your bet so that if it won, you would only win one unit. Although that sounds complicated, it’s not. Let’s take an example and see how easily it works.
Grab a pencil and paper and follow along with me. We’ll start with this series of wins and losses from my actual craps play (pass line bets only) at Caesar’s in Atlantic City. W, L, L, W, L, L, L, L, W, W, L, L, W, W, W, L, W, W. There are nine wins and nine losses, so this is not an unusual sequence. Using Oscar’s Grind we start by betting one unit and win, so we haven’t started a series yet. We bet one unit again. The bet loses, a series starts, and we bet one unit again. This bet loses, but our next bet of one unit wins, so we raise our bet to two units; it loses. The next three bets (each one two units) all lose, but the next two-unit bet wins so we bet three units, which also wins.
Let’s stop for a minute and see what our loss is so far for this series. Our results were: -1, -1, +1, -2, -2, -2, -2, +2, +3, which calculates to a net loss of four units. (I’m leaving out the very first bet we placed because a series didn’t begin until we got a loss.) Keep following along with me. Our next results are -4, -4, +4, +5 and now we have a loss of three units on the series. Our next bet calls for six units but if we won, our series would show more than one unit of profit; so we only bet four units. The bet wins.
This series is over. We won our one unit, and so we start a new series with a bet of one unit. It loses, but the next two bets of one unit both win. Notice I can’t bet two units after the first win because that would win me two units for the series, so I only bet one unit. Overall we show a win of two series, which works out to two units of profit, and we also won a unit for the very first bet before a series started. Three total. It’s not much, but it’s better than losing. Also notice that flat betting of nine wins and nine losses nets us exactly zero.
When using Oscar’s Grind be sure to record your bets and results on a piece of paper so you don’t lose track of what you are doing. Even if you go to a land-based casino, don’t be intimidated, take a pencil and paper with you and write everything down. You must stay with the system once you start; set limits for the amount you want to win, and the amount you are willing to lose. Once set, stick to those limits.
Visit my website to look at some other systems you can use for your favorite casino games.
Joseph Starr (pen name) completed his formal education when he earned a Ph.D. in Finance and Accounting. He taught business, economics, and computer subjects at the college level for thirty years and is now retired. Visit his website to read about popular gambler’s aids to help you win at the casinos.
5 Winning Tips on Betting Exchange Casino – Betting Exchange Darts
Mar 28th
Playing Darts online is one of the funniest online casino games to play. If you are really a tough contender, then perhaps you know the real pleasure of hitting the bull’s-eye. You can greatly improve your dart play. In addition, by doing so, you guarantee lots of fun and profit.
Effective Tips:
Below discussed are some of the effective tips, which can be useful in gaining desired profit at Betting exchange Darts.
1.) Practice: It is the most important thing that is crucial for winning at Betting exchange Darts. As like any other online games, practicing Darts online is an ideal way to become acquainted with this game. This will eventually helps in gaining more profits. Once you practice and learn the ins and outs of the game, nobody can stop you from winning at Betting exchange Darts.
2.) Be Observant:First, understand the dartboard outline. If you really want to win at Betting exchange Darts, it is necessary to be a careful observant. This means, you need to watch other players closely, while in action. When you spot somebody, who plays extraordinarily well, then spend few minutes with that particular player to know how he or she applies the techniques to win at Betting exchange Darts.
3.) Dart league:It is always advisable to join a dart league, through the help of which you may watch many effective players, who are winning at Betting exchange Darts constantly. In addition, you can also chat with such veteran players and ask them to review your techniques. These players certainly offer you with valuable tips and advice on how to win at Betting exchange Darts.
4.) Books: You have various books written on effective play at Betting exchange Darts, through which you can know different techniques, styles and games of playing online Betting exchange Darts. This may help you in becoming wise at playing Betting exchange Darts.
5.) Alter your play: Yes, it is a wise idea to change your games frequently. If you constantly spend your time and money at one dartboard aiming for the bull’s-eye, your skills will significantly lack in other fields of the game. Most of these games entail targeting for different points on the dartboard rather than just hitting at the dead centre. In addition, you are also less likely to become bored, if you play different types of dart games.
Certainly, playing darts is an excellent leisure game, which you may play for fun as well as for money.
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