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Archive for the ‘Betting’ Category

Yes, there ARE a few gambling secrets that can help you beat the casino. In the nine years I worked at the Leelanau Sands Casino near Suttons Bay, Michigan, I saw a lot of hopeful schemes and ideas. Some of them even worked. Here are a couple examples.

Card Counting Secrets

Card counting is a technique for beating the house at the blackjack tables. If the deck is “rich” enough in face cards (10,J,Q,K), the odds tilt slightly in favor of the player. This has been proven statistically. The idea then, is to monitor the cards as they come out, and when the deck has many face cards left in it, bet more. If you bet less when the house has the edge, and more when you do, you can make money in the long run.

This is a simple explanation, and you need to study a good counting book (and practice) to make this work. Your play needs to be precise to really have the edge. One gentleman I dealt to for years would sit at the table for hours, almost always betting the $2 minimum. I watched as he shifted chips from one hand to another, his way of tracking the “plus or minus count.” Then, when the shoe (five decks of cards) happened to be rich enough in face cards, he would suddenly be betting two hands at $20 each.

I am fairly certain that he made money, but not much. Depending on how well you do it, and how many decks are used, you may only get a 1.5% edge on the casino overall. If between your minimum bets and the others you average $8 per hand, and the dealer deals 75 hands per hour, you’ll make about $9 per hour. That assumes you can tolerate alternating losing and winning days and hours of concentration. Betting more brings that hourly rate up, of course, along with the risk of bigger losing days.

Roulette Secrets

For years I watched people foolishly writing down the numbers that came up on the roulette wheel. I say foolishly, because their their theories were mostly nonsense. Most casinos will always welcome these players and even hand them the pen and paper.

There was one player, however, who was actually scientific about it. He found a bias in the wheel, after “charting” it for 5,000 spins. This means he simply wrote down every number that came up during that time.

Once he identified the bias, he made thousands betting on just one or two numbers. When a number comes up (the ball lands in that pocket), it pays 35 to 1. In this case, one of the numbers, because of manufacturing imperfections or whatever, was coming up 1 in 27 spins, instead of the average 1 in 38 spins (There are 38 numbers on most American wheels).

This guy bet $10 a spin, and he profited $90 for every 27 spins of the wheel in the long run (a $350 win minus 26 losing bets of $10 each). When I ran the wheel, I often was doing over 50 spins per hour, so if you can do the math you can see he was doing well. The ups and downs are dramatic though, so this isn’t for the faint-hearted. I watched this player lose $700 some nights, but he later confided that he profited over $80,000 before the casino changed the wheel.

Promotional Gambling Secrets

Learn to figure the odds. Casinos often give the edge away for various promotional reasons. If you know when the odds are in your favor, you can take advantage of these promotions. For example, one man made thousands betting the “money wheel,” which is normally the worst bet in the house. However, in this case the casino was selling $20 in tokens for $10, with no limit on purchases. The man played the tokens once each as required, then repeatedly cashed in the real chips he was paid with, and bought another $20 for $10. When the odds are in your favor, it’s investing, not gambling, and that may be the most important of these gambling secrets.
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In this article, we’ll explain 6 popular betting systems that you can experiment with in your online casino gaming experience. Truth be told, these timeless, tried and true betting systems originated in the world of offline betting, but they apply equally as well to online casino gambling, no matter what the game, no matter what the betting structure.

Before You Begin: For most of these systems, you will need to decide what your betting unit will be ahead of time (such as the minimum allowable bet at the game and online casino in question).

1-3-2-6 Betting System

This is what’s called a Positive Progression system, meaning that as you win, your bets increase. The foundation of this online casino betting system is the premise that a player can win any game a maximum of 4 times in a row before they’ll probably lose.

Here’s how the system works:

- Bet 1 unit each betting round until you win a round;
- After you win a round, bet 3 units on the next (second) round;
- If you win a second round in a row, bet 2 units on the next (third) round;

- If you win a third round in a row, bet 6 units on the next (fourth) round;

- Then, no matter what happens (win or lose) return to the beginning of the pattern, betting 1 unit per round until you win one, etc.

The risk-reward scenario with the 1-2-3-6 betting system is simple. You can win as much as 6 times your original bet after 4 rounds of play while only putting 2 units of your own at risk.

The worst case scenario with the 1-2-3-6 betting system is that you lose 6 consecutive times in the second round. No matter, though. You can make it all up by winning 4 times in a row.

The Martingale System
This is a Negative Progression system, meaning that as you lose, your bets increase.

The foundation of this online casino betting system is the premise that a player cannot possibly lose an infinite number of times without ever winning a single round. Therefore, what the Martingale system is designed to help you do is offset all of your accumulated losses with a single win.

Whether you consider it cynical, realistic, or both, this system works best in cases when the online casino game is paying out a 1 to 1 payout ratio on each bet. Here’s how it works:

- First, place whatever bet you’ve decided to start with;
- If you win, bet the same amount again, but if you lose, bet double the amount;

- If you lose again, you double your bet again.

The downside to the Martingale system is that you need a large bankroll to start out with as well as the resolve to keep increasing your bets as your losses compound. Not just anyone can pull this online casino betting system off.

In the rarest of cases, you may, after enough losses, reach the online casino’s betting maximum and then not be able to raise your bet further or offset your losses with one win.

The D’Alenbert System
This is another Negative Progression system. It’s also considered an Insurance System in that, as you win, the size of your bets increase. Here’s how it works:

- Each time you lose, you raise your bets by one unit;
- Each time you win, you lower your bets by one unit;

This system also requires a large enough online casino bankroll to pull it off.

By adding the insurance system to the negative progression system, you’re hedging your increasing losses by pulling some profits off the table each time you win.

The Labouchere Betting System (a.k.a. The Cancellation System)
This system, another Negative Progression, is somewhat more complicated than those listed so far. Depending on the odds in whatever online casino game you’re playing, you’ll come up with some sequence of numbers — of any length you wish — and not necessarily sequential.

Each number in your sequence is a multiple of your predetermined betting unit (7 therefore is 7 times your betting unit; 5 is 5x, etc.) Here’s how it works:

- Your first bet should be the sum of the first and last numbers in your sequence;
- If you win, cross out those two numbers you just added together (the two outermost in your sequence) and bet the sum of the next two;

- If you win again, cross out those two outermost numbers and repeat the process

- If you continue winning until you have no more numbers in the sequence to add together, you simply start from the beginning with the entire, original sequence.

However:

- If you lose, you add to the end of the sequence, the sum that you had just used, thus creating a new sequence;
- Crossing out no numbers at all (because you didn’t win yet), add the first number in the sequence to the new last number that number and use that new sum as your multiple;

The supposed benefit of this complicated betting method is that anytime you have to start over with the original sequence, you come out with a profit. The drawback is that you can accumulate enormous losses before you ever win (if you ever win).

Your success at the Labouchere system really depends on selecting the right sequence.

The Paroli System (a.k.a. The Anti-Martingale System)
This is another Positive Progression system. More than simply selecting a unit of betting, with the Paroli system you also need to determine two other criteria before you begin:

1. A cap: The uppermost amount at which you will stop increasing your wager and return to your starting unit;

2. A multiple: How much you’ll increase your bet every time you win (1 unit, 2 units, 3 units, etc.)

You should base these factors on the odds of the online casino game you happen to be playing. The appeal of the Paroli System is that you can play at the online casino for a while with a small bankroll. You cut your losses and let your profits ride.

The Parlay System
This is another Positive Progression system. Similar to the Paroli System, the effect of the Parlay system is to “pyramid” your profits, meaning that every time you win you wager both your winnings and the amount of your initial bet as your next bet.
The reward of the Parlay system can be huge. The risk is that you can lose it all in a single bad online casino beat.

With the explosion of internet betting gone are the days when betting on the like of the NFL, NHL or the NBA are confined to just the outright winner or match handicaps (where the outsider is given a lead in order to make the best more even). As competition within the world of internet betting has mushroomed so has the range of bets offered as they compete to become ‘the leading exponent of US sports’. On any match now you can bet on ‘over & under’ which is betting on whether you reckon the total amount of points scored will be over or under a given number. Wider afield you can go for what the first scoring play will be or even who the Man of the Match award will be given or MVP (Most Valuable Player).

As a result the popularity of US Sports betting has also risen simply due to the fact that there is more for the ‘leisure’ bettor to get involved with and more enticing odds that those in the two horse race that is one side or the other to win. Whilst there is a huge lobby to restrict internet betting in the US the feeling that the bird has flown the nest is very strong as off-shore operators are queuing up for the business and many have now even listed themselves on the UK stock exchange giving them an immediate credibility.

For those of you with a nervous disposition it’s probably worth turning away now as the biggest growth area in betting in the US, outside of the monster that is Poker, is College sports! Yep, I’m afraid bookies will take bets on almost anything if the appetite is there – one was taking bets on how would die in the latest Harry Potter book another on the outcome of the Michael Jackson trial. Is nothing sacred, apparently not? And the NCAAF is no different – but before we judge to harshly, let’s not pretend that private underground wagering on the College sports has been massive for years so why not bring it out into the open. For those interested, Florida State and Miami are joint favourites in the ACC Conference Championship.

In the more mainstream fields Indianapolis just head the betting in the NFL over New England for the Superbowl XLI, its hard to split the Detroit Red Wings and the Ottawa Senators (who, with a name like, that should certainly know better than have a bet) in the Stanley Cup and in the MLB World Series its very tight in the betting between the New York Mets, Chicago White Sox, Boston Red Sox and the New York Yankees.

Well, happy betting as our eyes start to turn away from the World Cup (that’s soccer to those who only follow the US stuff) and look forward to a new season of Hockey, Baseball, American Football and Basketball

We hope this helps but visit TheSportsman.com or read the paper, out every day for more tips and hints.