Part of the allure of playing casino games is the possibility of walking away with large sums of money in your pockets. Yet, this glimmer of hope can be the fuel to the destruction and depletion of your bankroll, if you’re not careful. Indeed, this is exactly where Betting Systems come in to help you take a more systematic approach when placing your wagers. Have a look at our full guide below, then place your real money wagers on the table and start gambling!
WHAT ARE BETTING SYSTEMS?
For as long as casino games have been around, people have always sought to find a solution to their problem of not being able to beat the house. Needless to say, betting systems have existed for as long as the gambling industry has been prevalent in different societies all over the globe.
As the term ‘Betting Systems’ suggests, they are methods of using your bankroll strategically or systematic which is taken up in an attempt to produce profit. In employing any one of the betting systems that stimulates your interest, you’ll be required to either increase or reduce your bets either each time you win or every time you lose. This will entirely depend on whether you’re using a negative or positive betting system.
Facts about Betting Systems:
Most betting systems are very simple to follow;
There are two types of betting systems; negative progressive betting systems and positive progressive betting systems;
Many people believe that using a system will help them win money, however, it is not necessarily true;
Betting systems do not work in the long term BUT can help you win money in the short term;
They also aren’t foolproof remedies of winning cash;
In using a betting strategy you must always consider the size of your bankroll and how much of your bankroll you’re willing to sacrifice to win money.
CAN YOU APPLY THESE SYSTEMS TO ALL CASINO GAMES?
If you’d rather employ the use of a systematic method of betting whilst playing your casino game of choice, you’ll be happy to know that betting systems can be applied to most casino games out there. In actual fact, many of the betting systems that are featured on our site have actually been designed to be used on the game of Roulette. However, many of the betting systems are also often employed whilst playing Blackjack, Craps, Baccarat and Video Poker too!
POSITIVE & NEGATIVE PROGRESSIVE BETTING SYSTEMS
The foundation of negative and positive progressive betting systems lies on the principal of adjusting the size of your bet. This is based on the whether you’ve won your previous bet or lost. Precisely how you choose to adjust your bets is ultimately dependent on the system which is being employed and whether its categorized as a positive progressive system or a negative one. Have a look at CasinoTop10’s list of factors below which distinguish between the two.
POSITIVE PROGRESSIVE SYSTEMS OF BETTING
If you’re opting to use a betting strategy whilst playing your game of choice, we highly recommend using a positive betting strategy instead of a negative one. Following a positive betting strategy will entail raising your wagers every time you’ve bagged a win and decreasing your bet size when you lose. Using a positive progressive betting system is relatively harmless; however, do note that implementing one when playing a casino game will not necessarily mean that you’ll automatically win the game. For example, if you decide to place an ante of $10 in Blackjack and you happen to lose, you’ll then be required to decrease your bet rather than increase it. On the other hand, if you happen to have lady luck on your side and experience a win, following a positive betting strategy will require you to raise your bet.
WHAT’S THE THEORY BEHIND POSITIVE PROGRESSIVE BETTING SYSTEMS?
The hypothesis behind using a positive progressive betting system is that it will help you maximize your profits provided that you’re experiencing a winning streak. Moreover, using one of the many positive progressive betting systems will help you cut your losses when you’re experiencing a losing streak.
SHOULD YOU USE A POSITIVE PROGRESSIVE BETTING SYSTEM?
The conceptual idea behind employing a positive progressive betting system when playing a casino game seems promising. Whilst you can win a lot of money if you happen to be on a winning streak, it is not guaranteed that you will actually be able to have one. So, don’t count on it. Nevertheless, we think this type of betting system is relatively harmless to use.
Here are some examples of positive betting systems:
The Paroli Betting System
The Reverse Labouchere
The Reverse D’Alembert System
NEGATIVE PROGRESSIVE METHODS OF BETTING
In essence, a negative progression betting system is one that is the direct opposite of a positive progressive betting system. Whilst following one of the many negative progressive betting system, you’ll be required to raise your stakes when you lose and decrease your bets when you’re winning.
For example, if you place an ante of $10 whilst playing Blackjack and you happen to lose, you’ll have to raise your wager. Yet, if you win, you’ll need to decrease your bets.
WHAT’S THE THEORY BEHIND NEGATIVE PROGRESSIVE BETTING SYSTEMS?
The idea on why you should use a negative progressive betting system circles around the thought that you are bound to get a win eventually and when you do win you’ll be able to gain more money. So, you’ll be able to generate great profit overall.
SHOULD YOU USE A NEGATIVE PROGRESSIVE BETTING SYSTEM?
Although it might seem appealing to use a negative progressive betting system, we at CasinoTop10 would not recommend using this kind of system. Our rational has come about as a result of an analysis of the theory presented to you above as well as spending hours playing at the casino using the well-known negative betting system which is known as the Martingale system.
Overall, we think the premise of negative progressive betting systems in fundamentally flawed. This is due to the fact that there is no guarantee of when a losing streak will come to an end. For example, if you’re playing a game of Roulette for example you might think that if the ball has landed on black 5 times, the next outcome will be red. Yet, this is not definitely the case as Roulette is fundamentally a game of chance. Its outcome cannot be predicted. However, you cannot completely rule out acquiring a win either.
Nonetheless, the bottom line we’d like to stress is we don’t recommend using a negative progressive betting system unless you have an infinite bankroll! Well let’s be real, unless you’re a high roller of great financial caliber, you will definitely not have a large bankroll to do this.
WHAT CAN HAPPEN IF YOU USE A NEGATIVE PROGRESSIVE BETTING SYSTEM?
Despite the fact that it is actually possible to walk away with a bigger amount than you had dedicated to your bankroll prior to playing the game, using a negative progressive betting system won’t enable you to win much money. Bear in mind that there’s always a house edge when playing casino games and the probability is that you’ll either end up losing all your money, using up a significant portion of your bankroll to the house or breaking even.
Here are some examples of negative betting systems:
The Martingale Betting System
The Labouchere Betting System
The D’Alembert Betting System
IS THERE A SYSTEM THAT WORKS?
Beating the house at its own game is tough whilst playing at the casino. If you’ve got the impression that using a betting system will twist the odds in your favor, we’re here to unfortunately tell you that your idea is quite skewed. And the reason for this is that all casino games are heavily based on luck and incorporate very little strategy. Ultimately, you should bear in mind that outcomes are generated via Random Number Generators. So, a Roulette wheel’s ball will not remember the number which it had previously hit, craps dice will not remember what score had been generated during the previous throw and Slots reels have no memory. So, never step inside the casino thinking that you’ll be able to beat the house using a betting strategy.
Nevertheless, we will say this about betting systems; they’re great systematic methods of betting for all you gamblers out there who prefer a structured approach to betting. And yes a betting system will work, if you have an infinite bankroll to use whilst gambling away. Yet, how many of you can honestly say that you’d be able to keep placing relatively large bets whilst gambling your money away at the casino? Unless, you’re a high roller you will probably not be able to cover all your losses. Nonetheless, if you do manage to do this, you should be able to quit while you’re ahead when gambling. Otherwise, you might just find yourself unable to pay your monthly rent or eating sandwiches for the rest of the month.
WHY DO PEOPLE USE SYSTEMATIC METHODS OF BETTING?
online casino betting systems
For the most part, gamblers who typically employ the use of Betting Systems are usually under the impression that using one will ultimately help them generate a sizeable amount of money. Whilst it is entirely possible to beat the house when using a betting system, you cannot definitely say that it’s down to using one. Take a look at our explanation of ‘The Gambler’s Fallacy’ below to understand why this belief is a total fabrication of their imaginations.
THE GAMBLER’S FALLACY – ARE SITUATION’S INFLUENCED BY THEIR PREVIOUS OUTCOMES?
The Gambler’s Fallacy, which is also known as the Monte Carlo fallacy, is one of the biggest myths that’s existed since time immemorial. And it’s notably one which has continued to prevail in the gambling world even till today.
SO, WHAT IS THE GAMBLER’S FALLACY?
The Gambler’s Fallacy is one of the most famous truisms in the gambling world. By definition, it’s the belief that it’s possible to predict the future by examining the past. Hence, in gambling this is the false assumption that outcomes are co-dependent on previous outcomes.
GAMBLER’S FALLACY EXAMPLE
As an example, let’s take flipping a coin and trying to determine whether it will land on heads or tails. The odds of flipping a coin so that it comes up as heads 20 times in a row, assuming the coin is fair, are extremely slim, slimmer than one in a million in fact. Therefore, if you have flipped a coin and it has come up 19 times in a row, you may be eager to lay very high odds against the next flip coming up heads.
THE EXPLANATION – IS THE REASONING RIGHT OR WRONG?
What one typically fails to notice is that the odds of each flip are independently calculated from other flips. This in effect means that none of the flips are taken into account when calculating the odds and the chance for either side to lie face up is 50/50.
THE GAMBLER’S FALLACY INFLUENCE OVER BETTING SYSTEMS & PLAYERS
Many hopeful gamblers have attempted to design a betting system which aims to fully take the outmost advantage of the Gambler’s Fallacy. So, it’s entirely no surprise that gamblers aim to bet the opposite way of the previously generated outcomes when devising betting strategies. Yet, using the gambler’s fantasy
A SOLID BELIEF IN THE GAMBLER’S FALLACY CAN LEAD TO PROBLEMS AT THE CASINO
The belief in the Gambler’s Fallacy can lead to problems when playing casino games. Casino Roulette wheels have grids showing which numbers have been played before, so that players can decide which numbers are “due.” In reality, no number is “due” any more than any other. A player can just as easily decide that the numbers that have appeared frequently are “hot” and will appear again.
A player who has seen black come up ten times may confidently put a large sum on red assuming that it somehow has a better than even money chance of coming up on the next spin. Again, it does not. The wheel has no memory any more than the coin does, or any more than dice or cards do. Believing that they do and betting accordingly is the Gambler’s Fallacy and can lead to bigger losses than anticipated.