Understanding Betting Systems
For hundreds of years gamblers at brick and mortar establishments, as well as more recently, online, have been trying to create betting systems to beat the house and garner a profit from gambling.
Mathematicians and geniuses have been trying to create lucrative betting systems to steal the house edge away from the casino when it comes to gambling games.
In games like blackjack, playing a perfect game using a basic blackjack strategy couple with a simple card counting system can improve the player’s edge enough that the player will profit over time.
There are also bets like the odds bet on the craps table that significantly reduce the casinos edge.
In effort to further improve the player’s odds of growing a healthy bankroll, and reducing the odds of the casino making the profit, many betting systems have been developed.
Some say they’re 100% hooey, others say to bet without a betting system to protect your bankroll is to bet against yourself.
When it comes to gambling betting systems there are three basic categories: positive progression betting systems, insurance betting systems and negative progression betting systems. Each type of betting system can be used when playing various gambling games.
What is Positive Progression Betting?
Positive Progression Betting is when a bet is increased every time the player wins. Many players use this type of betting technique and this system does not require a large bankroll to use.
For instance, let’s say you’ve bet $10 on black to win. You win the bet, and now you bet $20, and then $30, and so forth up until you lose a bet. Once you lose a bet, you lower your bet down to the original $10 again.
Sounds good right? But, what happens if you lose four times in a row before you ever win?
Negative Progression Betting
Negative Progression Betting is when the bet is increased when the player loses. This system is used to try and reverse a losing streak. This type of betting system requires a large bankroll and can be risky to the player. But then again, gambling is a bit of a risk isn’t it.
So now you bet $10 and you win, you bet $10 again, you win. You bet $10 you lose; now you bet $20. You lose again and therefore bet $40. With each loss you double your bet again.
The idea here is that the first bet you win, after the losing streak will recoup what was lost, sounds foolproof doesn’t it..
Insurance Betting Systems
Insurance Betting Systems are when the bet is decreased every time the player experiences a loss. Players will find this betting system is the safest of all systems.
An example of a positive betting system is the Paroli betting system. This system is used in winning streaks. Players pick a number of wins in a determined progression. When players win they increase their bet. If a player is experiencing a winning streak then the player will increase the bet each time they win.
An example of a negative betting system is the Martingale System. This betting system is based on a player losing many times in one session. Players use it to make even money bets and it is used in the following manner. Players will alter their bet if they earn a win but a bet will be doubled on a loss. This can be a risky technique so players should be aware that they can lose the majority of their bank roll is this method is applied. The theory behind this method is that if you lose the majority of the time then you will eventually win a bet.
An example of an insurance betting system is the D’Alembert system. Since this method is an insurance type method then players will find it will be a safe method. In this system a player will decrease their bet with a win and increase the bet with a loss. Players will be able to make up their losses by betting higher if they lose.
