Every online casino game requires a Betting Strategy to increase winning possibilities.
Players constantly seek the most excellent strategy to use in the game to increase their chances of winning.
This article talks about the strategy. To learn more about the Betting Strategy, keep reading the article and implementing the recommended method.
What Qualities Does A Successful Betting Strategy Have?
No Betting Strategy can guarantee success. It’s safe to assume that if one were made, it wouldn’t be sold and that the casinos would move rapidly to prohibit its use.
A Betting Strategy, often known as a betting system, is a planned approach to gambling that aims to make money.
To be successful, the method must change the house edge into a player advantage for pure probability games of chance with fixed odds comparable to a perpetual motion machine. The basis of betting systems is typically statistical analysis.
While they can increase the chances of small winning at the expense of more risk and be fun for some players, betting strategies cannot change the long-term expected results in a game consisting of independent, random trials.
Game Theorist Richard Arnold Epstein formally states it in The History of Gambling and Statistical Logic:
Theorem 1: Any Betting Strategy ultimately result in the exact value of the mathematical expectation of gain per unit amount gambled. If a gambler stakes a limited sum of money across several participants in a game where the chances of winning, losing, or tying on any given trial are constant.
Although it is theoretically and statistically impossible to beat casinos over time, we evaluate the various betting systems that have emerged so readers can choose the one that best suits them for a short-term trip to the local casinos (which is why so many of them still exist).
The original Betting Strategy, the Martingale System, was created in France in the eighteenth century. It devised the simplest of these methods for a game where the player loses if the coin lands on tails and wins if it lands on heads.
They instructed the gambler to double their investment following each loss for the first win to make up for all prior losses and achieve a profit equal to the initial bet.
Given that they have infinite resources, the odds are constantly in their favour, and they apply the martingale Betting Strategy, and gamblers finally succeed in winning money.
No gambler, however, has unlimited resources, and unfortunate gamblers who use the martingale approach could lose everything due to the exponential growth of their bets or even go bankrupt.
The gambler’s anticipated value is zero, even if they frequently receive a small net return, giving the impression that they are following a solid plan. The small possibility that they will suffer a significant loss exactly balances the anticipated gain.
The expected value is negative in a casino due to the house advantage. Additionally, because consecutive losses are more likely than conventional wisdom suggests, martingale strategies can quickly drive a gambler out of business.
Due to the likelihood of each outcome being close to 50%, Roulette, Baccarat, and Dragon vs. Tiger have all been played utilizing the martingale strategy.
Consider a player with a 63-unit betting limit. The participant has the option of placing one unit on the opening bet. Every loss increases the wager by double. Using k as the number of prior consecutive losses, the player will always wager 2k units.
If the gambler wins any bet, they will get 1 unit in addition to the total amount wagered up until that point. After attaining this win, the gambler restarts the system with a 1-unit wager.
After losing each of the first six bets, the player loses 63 units. As a result, the bankroll is exhausted, rendering the martingale useless.
Despite popular belief, there is a much larger likelihood of six losses in a row than most people realize. Psychological studies have shown that when people are aware that the possibility of losing six consecutive games out of six is minimal, they wrongly feel that the odds of losing a long string of games are also very low.
Even while the possibility of losing six hands in a row is incredibly low (1.56 percent) throughout 200 hands of play, there is still a roughly 96.5 percent chance of doing so. Even if the gambler is ready to risk 1,000 times their initial bet, there is a 17% chance of losing 10 hands in a row over 200 hands of play, when utilizing the martingale, 10 consecutive losses.
A loss of 1,023 due to strategy is likely to bankrupt the bettor.
The table above demonstrates that even if the individual probabilities are modest and unusual, these losing streaks will likely occur across 200 hands of play is quite high.
The fundamental issue with the martingale system is that once you commit to using it, you have to lose all of these units to gain one.
Imagine placing a bet of 100 units and having enough money in your account to cover ten consecutive losses; each time you played, you would be risking 10 lakhs in exchange for a 100-unit victory. How many of us can bear the pain of a 10 lakh loss, even though you will probably win for a time without experiencing one?
Furthermore, there is no stopping in the middle; once you have placed your first wager, you are committed to either succeeding or failing miserably in your endeavours.
1,3,2,6 Or 1,3,2,4 System
When the odds are roughly 50/50, the 1-3-2-6 strategy is an excellent way to gamble, especially in games like Baccarat, Roulette, and Dragon Vs. Tiger.
However, some bets get near, and here is where the 1-3-2-6 may be useful. Casino games don’t genuinely give 50/50 chances (the Zero in Roulette, for example, implies that even Red / Black isn’t precisely 50/50).
In the 1-3-2-6 betting system, the winning bets are placed in the following order:
- 1, 3, 2, 6.
- If a wager is successful, you go to the next wager in the lineup.
- If your wager fails, you begin again.
- You return to the start with a profit of 12 units if you complete the sequence and triumph in all four bets.
Four Straight Victories
Losing the first or second wager is the only risk associated with this Betting Strategy.
This tactic works best in games when four straight victories frequently occur. You’ll at least come out ahead if you win the first two bets.
You win big with the 1-3-2-6 and earn a profit of 12 bet units when all four wagers succeed (1 in 16 probability).
However, if you win the first two bets on the 1-3-2-6, you will be guaranteed to at least break even, even if the third bet loses (1 in 4).
You lose one unit if your initial wager is unsuccessful.
You will forfeit two units if the second loses (4 bets, 2 wins).
If the third bet is unsuccessful, you will still be in the black by four units, making a two-unit profit.
- If the third and fourth picks succeed, your entire profit is 12 units.
- But even if the fourth wager loses, you still come out ahead.
- If the third and fourth picks succeed, your entire profit is 12 units.
- But even if the fourth wager loses, you still come out ahead.
- As you make your way through the series of bets in the table below, you can see how your profit increases. We’re talking about betting units here, so if you were betting 100 units, your bet sequence would be 100, 300, 200, and 600; for 250 units, it would be 250, 750, 500, and 1500.
A variation of the 1-3-2-6 method is the 1-3-2-4 system.
The 1-3-2-4 method, based on the well-known 1-3-2-6 system, aims to lower the win/loss volatility by only placing a bet of 4 units on the fourth wager, maintaining a win overall even if the final gamble is unsuccessful. You may get six units of profit by winning the first three 1-3-2-6 wagers (1, 3 and 2) before taking a chance on the sixth wager.
The 1-3-2-4 was designed to guarantee an overall profit if the first two bets are successful by keeping two units from the six that have previously been successful.
Below Is A Payment Chart For The 1-3-2-4 System:
The System Of Increasing Bankroll
There is a tale of a gambler in Singapore who used Resorts World Casino to turn his $400 (approximately equivalent to ₹22800) investment into $12,000,000 (₹68.3 crore equivalent). We at (the name of our website) were able to learn more about this incident and obtain the most recent inside information regarding how he did it.
The player, let’s call him Paul (not his real name), uses a novel Betting Strategy in which he divides his bankroll (whatever he brought to the casino) into 4 units and stakes 1 unit anytime he wants to place a wager.
He entered the casino with a $400 in this case, and he placed a $100 wager on the Baccarat table using his standard technique. He won. Now that he has $500, one unit will cost $125 rather than $100.
Do remember that if he had dropped his $100 wager, he would have needed to wager $75 (300/4=75) on the following hand because he only had $300 in his bankroll. He was unaware that it was the beginning of a run of good fortune at the casino that would alter the course of his life.
Paul’s $400 quickly turned into $33,000 utilizing his simple Betting Strategy involved raising his stakes by 25% after a win and lowering them by 25% after a loss. It was because he experienced a winning streak and gradually increased his stakes during it.
When he finished the day with $33,000, the casino even provided him with a complimentary hotel room.
Paul began the second day with a beginning wager of $8250 (33000/4=8250), continuing his practice of wagering 1/4 of his total bankroll. Paul got off to a fantastic start, winning his first five wagers of the day.
Notice that bet sizes are rounded down after dividing by 4, and there’s a 5% tax for a banker.
In just 5 hands, Paul’s bankroll grew to $97600, with no indications of stopping down. It is not advisable to wager $24400 on the following hand when the ordinary person may already be happy with the win. Paul, however, was proceeding according to his plan, and a system left no place for emotion.
Paul thought it was far off since you either nailed your target or didn’t. Even if he lost everything today, he would only have lost $400 in a short period because he expected to make at least $1 million.
Either place a stake equal to one-fourth of your bankroll or pass and wait for a better chance. Because there are no more what-ifs, second thoughts, or regrets, this Betting Strategy eliminates the possibility of saying, “Oh, I think banker next hand, but it’s a low confidence bet, so I bet smaller.”
By winning more bets than he lost, and with lady luck still on his side, he could complete day 2 with $280,000. Being in the VIP area, where he gets a 0.8% rolling rebate, also helped him to increase his bankroll. The casino upgraded him to a VIP room so he could stay there that night, hoping that Paul would run out of luck and wipe out their gains.
His third day began poorly when he dropped $70,000 on the first bet of the day. He did, however, get it back the following two times.
He started winning after three hours of play, bringing his total bankroll to $1.55 million. Paul asked for a raise to $500,000. At that point, he had already achieved the $300,000 table maximum. The casino manager had never seen anything like Paul’s request for higher limits, so he called his superiors to let them know.
The casino retorted that Paul had yet to acquire VIP or high roller status and that the $500,000 cap was only for those players. Nothing could stop Paul from placing the maximum table wager once his bankroll reached $2.4 million. He had already put $3.2 million into his casino cage account by the end of the day.
The 0.8% rolling rebate was increased to 1.1% and ultimately to 1.3% due to his attaining the top rolling tier. With the assistance of this rolling rebate, he could build his bankroll.
By day 4, he had already increased his bankroll to a peak of $12 million, of which $9.9 million came from winnings and $2.1 million from a 1.3% VIP rolling rebate commission.
When his luck ran out on day 5, he suffered his first losing day and lost $4 million. Sensing a change in circumstances, Paul quickly paid off his $1 million mortgage and made a $500,000 offer to his lover. Paul, though, kept on gambling after that.
By the end of the month, he barely had $400,000 left after Lady Luck abandoned him. Paul’s remarkable streak had ended, and all that was left was an intriguing tale of a gambler who took advantage of his good fortune and made the casino owners nervous. Paul keeps going to casinos and always has $1,000 or $2,000 on him to replicate his incredible run from $400 to $12 million.
A Lesson From Paul's Experience
When You Are Winning, Don't Be Scared To Keep It Up:
For a simple reason, most gamblers and punters seldom enjoy a sizable win. They keep placing bigger bets to compensate for losses when they suffer setbacks or bad luck. When they are prosperous or fortunate, they keep making smaller bets to safeguard their winnings.
We want to hold onto our successes to maintain that winning feeling since it is in our nature to desire to make up for defeats to stop feeling awful. You win much and lose little when you do the exact opposite. Increase your wagers while you win; decrease them or stop altogether when you lose.
When Betting, Always Establish A Target And A Stop Loss:
Paul could have ended his vacation on a more excellent note, but he couldn’t tell when to stop. During a prolonged streak of good fortune, he increased his gains, but even when he had won more than 68 crore, he lacked the self-control to stop.
To be fair to Paul, if you had set a goal of 1 crore, you most likely would have needed to reach 68 crore. All good things must end, so if you’ve already achieved your goal, walk away and try again later with a lower bankroll.
Systems Help Prevent Our Emotions From Getting In The Way:
Humans are highly emotional creatures, and we frequently allow our emotions to dictate our behaviour. How many times do you remember risking all you still had to try to get it all back?
How many times have you wished you hadn’t made a small bet when you were certain your luck was unstoppable that day? You can use a method to detach yourself from the circumstance and rely just on luck—the problem of winning less than you should and losing more than you should affect you.
Paul converted the $400 into $12 million since he could afford to lose the money. For Paul to be able to wager $400, how much money must he be worth? The conventional knowledge in investing states that you should only risk 2% of your bankroll on a single trade.
In my opinion, you should never wager more than 1% to 2% of your net worth in a single gambling session. Can you imagine making a wager involving your entire life’s savings? You’ll experience such severe strain with each wager that you’ll start to tremble. It’s hard to succeed when there’s so much pressure. Play it safe and only take chances you can afford to lose.
Targets Can Be Moving:
Consider starting with a session bankroll of ₹10,000 and setting a goal of ₹100,000. While you feel invincible after reaching ₹100,000, you wouldn’t want to stop. You can place your stop order as soon as you suffer your first loss to allow yourself the chance to hit ₹10 or perhaps 1 crore. Eg.
After a strong run, you start with ₹100,000 and reach ₹100,000. When you reach the ₹100,000 mark, you should try to let it ride, but keep in mind that you should stand up and leave if you lose your hand.
So even if you lose the following hand and incur a loss of ₹25,000, you will still come out ahead with ₹75,000, or a respectable ₹65,000 profit. The most crucial thing is the ability to leave; you can always return with a smaller bankroll.
One Last Piece Of Advice