Posts tagged Strategies
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.
Casino and Gambling Strategies Revealed
Mar 4th
Now I am sure you already know what gambling is, but let’s reiterate:
“Gambling is to risk something of value for the chance of winning a prize” The word risk is very important in that sentence and something we should all realise is that there is no way to gamble without any risk. If you spend money in a casino then you are gambling and you are taking a big risk.
So I can hear you say “Yes, yes I know what gambling is, but what has it got to do with scams?”
Good question. Recently there has been a new wave of financial scams on the Internet when you type in “make money now”. The sponsored ads look a bit like this:
Make Free Money
Make an easy $300 in 15 minutes.
The Crazy Doc reveals all. Join now
There are several different kinds of ads and different web addresses like easyfreeincome.
Now I know better these days, but only six months ago I was lured into this scam and I am really ashamed to admit it, because what follows is a very embarrassing series of losses that have really set things back for me and my husband and he still doesn’t know.
As you will see if you visit any of these websites they reveal a “secret” as to how you can beat the casinos. As I had lost a small amount of money before, I was eager to get my own back on the casinos and follow the instructions to a T.
When you first look at this site you assume it must be real, because they are not asking you for any money. This really is free information. But don’t be fooled. They make their money by encouraging you to sign up to certain casinos. They have links on their websites to the casinos that “work best with this strategy” and they get a large commission for introducing you as a player and when you lose your money, they get a percentage as well.
These sites encourage you to make a donation to them or “a good cause” if you win, which makes you think they must be good, if they aren’t asking for money up front, but as I have already said, they get their money from the casino when you sign up.
Anyway I didn’t know this at the time and I got rather excited about this “new” system. Actually it is just an old system called the Martingale system. Each time you lose you double your bet on a roulette table, until you win and make all your money back plus some. I loaded the casino and logged in as a practice player. Sure enough it worked and I won over $300 in practice mode. The same colour never came up more than 7 times.
I switched to money play and loaded the necessary $300 you need to make it work. I soon lost it all. As soon as the casino was in money play it was a lot harder, even though I was following the exact rules.
I felt so bad after that I had to take a day off work. It actually made me feel physically sick. I felt depressed and guilty.
Now here comes the really embarrassing bit. A few months later I saw another ad online. I clicked and read through it. It was another gambling site and this time it was a different strategy. It was still roulette, but you bet on columns and rows of three. Once a row didn’t come up 7 times, you bet on the eighth time. The money I invested would mean I could lose 19 times in a row and still make a profit. I did this in a different casino casino-on-net.com or 888.com. In practice play it worked perfectly. As soon as I changed to money play I lost it all. That’s right, that third of the table didn’t come up 19 times in a row. That defeats all odds and I believe that online casinos are rigged.
It had worked so well in practice I was very confident. I lost $600 and again it really hit me hard.
I think I have finally learned my lesson. There is no strategy to beat online casinos.
This scam is packaged and sold in many different ways, including Software such as Roulette Sniper and Roulette Killer, but anything that involves an online casino will not work. Please do not risk it. The casinos will take your money and the website that referred you will get a cut.
http://www.missgullible.com Learn from Miss Gullible’s Mistakes. Get tips to avoid scams and make money online. Catherine Smith 2008
