Betting systems have been popular with casino gamblers for years, and plenty of people still swear by them. No matter which one you use, these systems provide the player with a guide for placing their wagers, which is meant to increase profits and minimize losses. Here are The Perils of Betting Systems.
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Unfortunately, no betting system can offer sustained winnings over a long period. That’s because each spin of the wheel or roll of the dice is independent of the last, and there’s never a pattern to be predicted or taken advantage of. Anyone who believes otherwise is falling prey to what’s known as the “gambler’s fallacy,” which is something to be avoided at all costs.
On this page, we look at the main perils of betting systems, as well as provide brief descriptions of some of the leading methods. If you’re still sitting on the fence about the validity of betting systems, hopefully, we can help you make up your mind.
Perils of Betting Systems
If you’ve ever tried betting systems for any length of time, then you’ve likely learned to stay away from them. Whether you’re a veteran of betting systems or a newbie who’s thinking about applying one or more of these methods, please read the following reasons and perils why you should stick to more reliable tactics. You will find here the Perils of Betting Systems.
1. You’ll Look Foolish
If you don’t care what anyone else thinks about you, then go ahead and ignore this one. While you’re at it, hop onto some Internet gambling forums and find out the virtues of betting systems to anyone who’ll listen. For everyone else, better to avoid betting systems as they make you look like a gullible fool. It’s the same level of naiveté that allows players to rub a coin between their fingers before depositing it into a poky or sit down in front of a vacated machine because it’s due to get hot.
2. Contempt for Math
Many mysteries of the universe have been explained with math. While it’s cold and impersonal, it’s also ultimately fair and doesn’t play favourites. This is one of The Perils of Betting Systems.
According to math, no betting system can consistently deliver over a long period.
3. Puts money in the pockets of liars
While most gambling systems are found online for free, several individuals are willing to sell “winning” systems to their customers. As some of them also sell books about fortune-telling and contacting spirits, you would think their credibility would immediately be called into question. Still, it’s scary how many people fall prey to them every year.
Betting systems that claim to ensure profits in the casino are scams. Avoid them, as you’ll just be wasting your money.
4. Goes against bankroll management
Since gambling systems often ask you to double your wagers following either a win or loss, an unlucky player can find their bankroll wiped out in less than an hour. Unless you have an iron will, there’s a decent chance that you’ll head to the ATM to get more funds for their flawed gaming strategy.
5. Wastes valuable time
While so many simples to learning, others take a bit more dedication. Sadly, any amount of time that could be devoted to these bogus systems is a waste. There are precious minutes and hours that you could be devoting to your family or even a more legitimate gambling technique such as basic strategy or card counting. This is one of the Perils of Betting Systems.
Types of betting systems – The Perils of Betting Systems
There are two most popular systems for betting, keep in mind that most of these fall into two distinct categories.
1. Positive Progression
This is a system based on the positive progression that asks you to increase your wager each time you win, while losses result in a decreased bet. The idea is to capitalize on a hot streak by making larger wagers, while the damage caused by a cold streak is cut down to smaller and smaller bets.
2. Negative Progression
With a negative progression system, a loss results in a larger bet (often doubled) while a win results in a smaller wager. The idea is that a losing player is expected to win finally, and the larger bets allow them to recoup their earlier losses and also generate a profit. A winning player, meanwhile, is due to lose at some point, so cutting down wagers after a win is meant to ensure that some profits are retained when a loss comes.
Popular Betting Systems
Often used on even-money wagers, this system requires the player to double their bet after each loss. The myth is that the player should eventually get a win, and that will cover all previous losses.
Just opposite the Martingale, the system requires you to double your wager following each win. The idea here is to take advantage of a hot streak.
3. Grand Martingale
Not only do you double your wager after each loss, but you also add units each time.
4. Labouchere System
You start by deciding how much money they want to win. You then write down a series of numbers that add up to this amount. For each wager, you bet the sum of the first and last numbers on the list. These numbers are crossed out after a winning wager, while a losing player adds the previous wager onto the end of their list. This continues until you have either run out of money or crossed off all the numbers on your list. This is also known as the Cancellation or Split Martingale system.
5. Reverse Labouchere
Instead of cutting numbers after a win, the player adds the winning bet to the end of the numerical line. The objective is to keep adding numbers until you reach the table limit on bets. If the wager results in a loss, then the two outside numbers are deleted. You start over if you run out of numbers on your line.
6. Fibonacci System
This system is inspired by a mathematical sequence where the next number is the previous two numbers added together.
If you use this system, you ignore the 0 and begin by betting one unit. You continue in this fashion until you lose, at which point you move up one level in the sequence. You then move up a further level for every subsequent loss and move back to two levels when you win.
In this system, you begin by betting one unit. If you lose, the sequence is complete and you start over with a one-unit bet. If you keep winning, however, the betting units are increased or decreased according to the 1-3-2-6 arrangement. This continues until you either lose or complete a run of four consecutive wins.
The perils of betting systems are many. Not only are they inherently flawed, but many of the players who are willing to part with these “secrets” for a few bucks are knowingly deceiving their clientele. Even if a player manages to achieve some short-term success using one of these methods, you can bet that the house edge is going to catch up with them finally and decimate your bankroll.
If you want to be successful at gambling, the first thing you must accept is that the house almost always has the advantage. While this edge can be overcome in some cases, doing so takes an immense amount of planning and effort. If it were easy, casinos would be going out of business left and right.
Some strategies and tactics can help in the casino, but these take hours of practice and memorization to us it the right way. Card counting is a major boon for blackjack players, for example, but even it can’t guarantee continual success.
The only guaranteed way to avoid losing money at the casino is to never set foot in such an establishment. If you have money and want to have fun you are free to enter the casino but do not bother to lose money. It is for entertainment, not income.