Players and mathematicians have collaborated over the years to find a betting strategy to beat the statistical probability in a game of chance. That is how betting strategies were created, with the intention of one of them becoming the winning approach.
There is probably no one on the planet who hasn’t played a game of chance, whether for enjoyment or to win money. The truth is that everyone who chooses to play casino games applies some form of strategy in order to maximize their chances of winning money. Even individuals who are just having a good time use some of the online betting strategies to spice up their game.
The truth is that there is no such thing as a betting strategy that can beat the casino. There is no way to forecast the outcome of any of the games available at casinos and online casinos because they are all games of chance.
The betting strategies were first intended for the game of roulette and are still most widely used for that. Over the years the players started applying these strategies to other casino games, demonstrating their constancy and dependability and it only made them more popular among all casino fans.
In this text, we’ve covered everything you need to know about the betting strategies. Continue reading to learn about the most well-known betting strategies, how to play using these strategies, and how to ultimately make a profit.
Types of Betting Strategies
Several types of roulette betting strategies have appeared over the years, demonstrating their consistency and overall reliability. Each one has a distinct feature that makes it a favoured option for some players. It could be a case of becoming accustomed to one betting strategy or simply a desire to shake things up and try to gain an advantage.
In any case, all of these strategies appear to do a decent job of presenting you with a dependable betting sequence that has a reasonable probability of creating minor profit. If you want to make a clear distinction between the various betting strategies, we recommend categorizing them as progressive or non-progressive.
Progressive Betting Strategy
The so-called progressive system is the first type of betting strategy. These systems are simple to understand and they are frequently favoured by players who are new to the game. Progressive strategies are all the strategies that require adjusting the bet amount. In other words, a progressive betting strategy is one in which the amount of your bet is increased or decreased based on the outcome of your previous bet.
The progressive strategies can be either negative or positive i.e following negative progression or positive progression. These strategies can be used only on even odds bets. The even odds bets are those that have a probability of 50/50. In roulette, for instance, the even odds bets are red/black, even/odd, or high/low. This means that the strategies can only be used if you’re betting on one of these options. Even though all the strategies have been primarily created to be used in roulette, nowadays players use them when playing any casino game with even odds bets.
The positive progression follows the rule of increasing the bet after a win and decreasing the bet after a loss. Positive progression strategies are less risky because they limit your losses when you’re losing. Furthermore, if you have a winning streak, it boosts your profits.
On the other hand, the negative progression strategies require you to increase the bet after a loss and decrease the bet after a win. These are riskier because you can lose a lot of money if you have a long losing streak. Sure, when you get that one big win, you make up for everything you’ve lost while also making a profit. However, no one can anticipate when this will occur because it is entirely dependent on luck. Furthermore, the house edge reduces your odds of winning and gives the house the upper hand.
Most Popular Progressive Betting Strategies
The Martingale Strategy is a negative progression strategy that is particularly popular in roulette. When you lose, you must double your bet, and when you win, you restart the progression. Basically, the progression goes as follows: 1 – 2 – 4 – 8 – 16 – 32 – 64 – 128 – 256 – 512 – 1024 – 2048 – 4096 – 8192. Using this system, you should be able to get your original bet back plus some profit at some point.
The Reverse Martingale is a positive progression betting strategy and is the opposite of the Martingale. So, after each win, you need to double the bet, and after each loss, you restart the progression. With this betting strategy, the player is taking advantage of the winning streak so it is a less risky strategy than the negative progression one.
The D’Alembert Strategy, same as the Martingale Strategy, is a negative progression betting strategy. You must increase your bet after each loss when using the D’Alembert strategy. Unlike the Martingale strategy, which requires you to double your bet, this betting strategy just requires you to increase your stake by one base unit. The initial bet amount you choose is the base unit. Another distinction is that when you win, you reduce your bet by one unit rather than restarting the progression.
The Fibonacci Strategy is based on the Fibonacci sequence and is another negative progression strategy. An increasing series of numbers appear in the sequence. The sequence begins with a zero and then a one, with each following number equaling the total of the two preceding numbers. As a result, the sequence is 0 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, and so on. Now, if you’re going to use it for betting, you should start with the second one. You repeat the cycle each time you lose a bet. You go back two numbers in the sequence every time you win a bet.
Non-Progressive Online Betting Strategies
There are strategies that allow you to keep your bet amount the same every round and adjust it at random, as opposed to the online betting strategies that require you to adjust your bet. These are called non-progressive betting strategies. These betting strategies is to designed to enhance your chances of winning by exposing you to a wider range of betting alternatives. Another significant difference is that non-progressive strategies do not limit themselves to even-odds bets; any bet is allowed. You keep the same betting amount with non-progressive strategies, even if players occasionally include progression, such as doubling the wager after a win or loss to increase their potential profit.
Most popular non-progressive strategies
The James Bond Strategy was named after the fictional character James Bond, who used it to play roulette in one of the novels. This non-progressive method covers more than half of the bets on the table, boosting the player’s chances of winning the game. He’d bet £20 every time, covering half of the possible bets. He would place the following bets for each turn of the wheel:
- £14 on 19 – 36
- £5 on the Line bet 13-18
- £1 on 0
So there are few outcomes. You win a total of £8 if the ball lands on 19-36, and a total of £10 if the ball lands on 13-18. You win £16 if the ball lands on 0, but you lose £20 if it lands on 1-12.
The strategy doesn’t require you to play with £20 every time, but it is up to you to choose the amount. Once you do, split the bets as follows:
- 70% on 19-36
- 25% on line bet 13-18
- 5% on 0
Betting on neighbouring numbers is another betting strategy that some players use. With this betting strategy, you are required to split your bet and place it in three or more numbers on the roulette wheel that are adjacent to each other. Essentially, you pick one number to bet on and place bets on the numbers next to it. If the ball misses the pocket where your number is, you have a better chance of winning.
The Gambler’s Fallacy, sometimes known as the Monte Carlo Fallacy, is the most widely held misconception of the twentieth century. It is the concept that the outcome of a past event can impact the outcome of a future event. A belief that if something happens more frequently, it will happen less frequently in the future (or vice versa). This way of thinking is entirely incorrect. As previously said, you cannot foresee the outcome of the games of chance. It’s absolutely random.
When flipping a coin, for example. Heads or tails are the two possible outcomes. Both have an equal chance of occurring, and the outcome cannot be predicted. Even if it was “tails” five times in a row, that doesn’t guarantee that it will be “heads” the sixth time. The outcome of the previous round has no bearing on the outcome of the next round.
The most famous example of the gambler’s fallacy occurred in a casino in Monte Carlo in 1913. This is why it’s also known as the Monte Carlo fallacy. The roulette ball stuck on black 26 times in a row, costing players millions of dollars because they expected the ball to drop on red after a few black numbers. That did not occur 26 times consecutively.
Another thing you should be aware of is the house edge. Another reason why no betting strategy is perfect is because of this. The mathematical advantage that the house, or the casino, has over you is referred to as the house edge. The house edge is the difference between the true chance of winning a hand and the casino’s return. The house edge ensures that the casino always comes out on top. Yes, you will have some successes and profits. However, the casino will always make money in the long run. Because of the house edge, the odds are stacked in favour of the casino.
The house edge is not something that casinos determine, but rather something that is built into the game. That is why each game, and each variant of a game, has a different house edge.
Because of the double 00 in American roulette, for example, the house edge in European and American roulette differs. The double 00 decreases the likelihood of the ball landing on the player’s chosen number. In European roulette, the house edge is 2.7027%, while in American roulette, it is 5.2632%.
In Baccarat, for example, the house edge varies based on whether you’re betting on the banker, the player, or a tie to win. It can range from 1.01% to 15.75%. The lower the house edge, the higher the player’s chances of winning.
Choosing the Best Betting Strategy
Choosing the best betting strategy for you depends on your playing style and of course your budget. Some strategies are more aggressive, requiring you to risk more money. Others are deemed a little “safer” and include betting more cautiously for lesser payouts. Before you begin playing, you must first learn the rules of the casino game you are playing and choose the best online casino to do that. To help you with your choice, we have compiled a list of the best online casinos in Kenya with the best welcome bonuses for new players.
Before you begin playing you need to understand one thing, regardless of the betting strategy you use, the casino will always have an advantage.