If you hang around a casino long enough, you will often hear the phrase: “Betting Systems”, used frequently. Someone might say they have an unbeatable new betting system that is guaranteed to win at Blackjack or another casino game.
If you are unfamiliar with what a betting system is, it’s quite simple to explain. A betting system, in terms of casino games is a method, or systematic way to place bets. The theory behind many betting systems is that they will give you an edge over the casino, or at least decrease the house edge.
While a betting system does have some advantages, it will never actually decrease the house advantage. Regardless of how you place a wager, the odds of winning are exactly the same on every hand dealt, every throw of the dice and every spin of the Roulette wheel.
There are literally hundreds of betting systems that have been created since the inception of gambling. Players have been trying to find ways to gain an edge and the betting system is one of the most common ways to go about this. All systems will have the same basic principles, but go about achieving the end result in much different ways.
We have compiled an overview of the most popular and well known betting systems, have detailed how they work and also the disadvantage of each as below:
One of the more popular betting systems out there is called the cancelation or; d’Alembert betting system. The principles behind this system are largely based on two outcomes of equal probability occurring with the same frequency. Its success also hinges o…
Numbers and math are prevalent in most aspects of life. Without math, we would not be able to build infrastructures, use money or possibly even function as humans. One place where math and numbers shows it face more on a regular occurrence is in casino…
The Labouchere betting system was named after its creator, Henry Du Pré Labouchère, who was a wealthy British aristocrat born in the 19th century. He was educated at the same schools as royalty, inherited a fortune and had multiple professions and bu…
The Martingale betting system dates back to at least the 18th century when gambling halls first gained popularity in Europe. It is most frequently applied to games like craps and roulette but can just as easily be applied to any game of chance. The reason…
Anyone familiar with sports betting will recognize the term “parlay” as a type of combination wager in which all selections must win in order for the entire bet to be successful. It has the advantage of paying out at higher odds than if each selection had…
Paroli is a form of positive betting progression. Its name derives from the Latin term, par , meaning “one that is equal.” In its simplest form, the system can be thought of as doubling a wager after each win until three consecutive wins are achieved. This…
