The Gambler’s Fallacy

casino betting systemsFirst, let’s talk about the gambler’s fallacy before we discuss casino betting systems. Gamblers are often unaware of the gambler’s fallacy, so understanding it is important. The more you understand this, the less likely you are to fall for one of the biggest casino myths.

Essentially, the gambler’s fallacy is the belief that if something happens more often than normal during a certain period; it will happen less frequently in the future. There is something very enticing about the gambler’s fallacy that makes people fall for it. The truth is, most things are still very random, even when our minds tell us we have identified patterns.

3 Main Betting Strategy Types

Bet systems can be divided into three main categories: negative progression systems, positive progression systems, and flat betting. There are distinct differences between each of these systems. Here’s a breakdown of how each one works so you can gain a better understanding.

Negative Progression

Negative progression betting involves increasing your bet when you lose and decreasing it when you win. This betting system assumes that you will eventually win, and when you do, you will earn more than you lost.

Positive Progression

A positive progression system is the exact opposite of the negative progression system. In other words, you increase your next wager after you win and decrease it after you lose. A positive progression betting system is based on the principle of maximizing your winnings during a winning streak and minimizing your losses during a losing streak.

Flat Betting

With this betting strategy, regardless of whether you won or lost in the previous round, the same amount is bet on every hand. The simplicity of flat betting makes it quite popular. You only need to select a wager amount per hand, and you’ll bet that same amount on every subsequent hand. That’s all there is to it.

All of the betting strategies listed below will fall into one of these main categories.

Top Casino Betting Strategies

There are 45+ betting systems for playing casino games. However, in this article, we look at only a few, 17 to be exact, which should make choosing one a lot easier. Let’s get into it.

1. Goal Setting

Let’s start this list off with one of the most general gambling strategies, which is the act of setting loss limits. This is one of the most basic yet essential strategies you can use.

You can set a win goal, as a way to manage your money when you are gambling. It is common for money managers to refer to your bankroll in percentage terms. For example, the player has $800 to spend at the casino and intends to play for four sessions. This means he has $200 for every session.

Each session, he hopes to win 40% of his bankroll before quitting. So, every time he reaches $280, he quits the session.

It is common to combine win goals with loss limits, which we will cover next.

2. Loss Limits

Gamblers use loss limits in the same way they use win goals. As soon as you lose the percentage of your bankroll that you have set as your loss limit, the session ends. Loss limits and win goals can be used separately or together.

Sticking to the above example, the players might have a 40% win goal and a 60% loss limit. Simply put, they quit when they are up $280 or down to $80.

Other betting systems on this list can also be combined with win goals and loss limits.

3. Martingale System

One of the most popular gambling systems is the Martingale System. Furthermore, it is very simple to do.

The rule here is that after a loss, you double your previous wager. In addition, as soon as you win, you place your original wager again.

Let’s say, for example, you wager $15 on red. In the event that you lose, you will have to bet $30 on red in the next round. In the event that you lose again, you have to bet $60. In this manner, you keep betting until you win – when you win, you have recouped all your previous losses as well as won the amount you initially bet.

Therefore, it all works out in the end right? It might not be as easy as this though. It could happen that you get to a point where you have lost so much that you simply cannot afford to place your next bet. Another con is that you might have enough money but then you reach the table limit.

4. Anti-Martingale / Paroli System

This is also called the Paroli System. As the name indicates, it is the opposite of the Martingale. So, after every win you double your bets. You want to take advantage of winning streaks when they occur.

For example, when you bet $15 on red and you win, you bet $30 on the next spin. When you win again, you bet $60. After winning three times in a row, you take you profits and go back to your original bet of $15.

Reverse Martingale proponents suggest doubling up your bet two or three times in a row, but you can do that as often as you want.

5. Ascot

In addition to roulette, this system can also be applied to games like baccarat and craps. Ascot increases winning bets every round by one step. The next bet is lowered by one step when you lose.

The numbers by which you decrease or increase your bets are predetermined. It is possible to have between seven and eleven numbers in the Ascot series.

As an example, consider 1, 3, 7, 11, 13, 17, 20, 23, 30, 40, and 50.

The number in the middle of the series would be how much you bet on your first game. In this example, it would be $17. If you win the first bet, you bet the next amount in the series, which is $20. However, if you lose that first bet, it will decrease your following bet to $13.

You should stop gambling once you win your biggest bet, $50, or lose the first bet amount of $1. How many numbers and which numbers you have in your series will depend on your bankroll and how much you are willing to lose.

6. The Labouchere System

You have to select a win goal, such as $200, when you use the Labouchere System. In order to reach the win goal, you need to note down a series of amounts that add up to the target. As an example, if you have $200 win goal, you might write down $20, $40, $60, and $80.

Your first bet is the sum of the first and last amount on your list. In this example, $100.The first and last amounts on your list are crossed off when you win the bet. However, if you lose, you add the lost amount to the end of your list. Your new list ill then be $20, $40, $60, and $80.

It’s possible to run into situations where you don’t have enough bankroll to continue betting, or you have reached the betting limits. Thus, you repeat this process until you reach your win goal or run out of money.

7. The Reverse Labouchere

Unlike the Labouchere, the Reverse Labouchere adds a number after a win instead of after a loss.

It continues until you reach the table’s maximum bet.

Furthermore, using the Reverse Labouchere, you cross out the outside numbers when you lose, the exact opposite of how you’d do it in the Labouchere.

8. Bluejay’s Halfies System

Bluejay’s Halfies System is a clever and cheeky system created by a brilliant gambling writer. While it is not as efficient as other systems, it is still a lot of fun.

According to Halfies, your best bet is to place the entire bankroll on one bet. You can reasonably expect to double your money and stop playing.

Basically, Halfies allows you to gamble as usual. Then, at the end of the session, you try to double your money with one last bet.

In addition to this, he offers variations, such as making two large bets equal to half of your bankroll each. You could decide beforehand if you want either quit after your first loss or after a win.

Both bets can be placed regardless.

9. D’Alembert’s System

In comparison to the Martingale System, the D’Alembert System is less aggressive. Stakes get bigger after you lose, and smaller after, you win.

The biggest difference is you increase or decrease the wagers’ size by the same amount you bet initially, not by doubling their size or going back to your base amount.

For example, your $5 bet loses. You lose again when you up your bet to $10. On your third bet of $15, you win. This causes your next bet to go down to $10.

10. D’Alembert Reversed

Following a loss, you decrease your wager size. As soon as you win, you increase the size of your bets.

You can lower or increase the bets’ size based on your initial wager amount, just like with the D’Alembert.

A win goal and a loss limit are usually part of both of these systems.

11. A System for Winning Millions with $5 Bets

Michael Blue Jay is back with another system. Simply put, you have to double up many times in a row to win millions.

However, casinos always have a maximum bet size. Nonetheless, you may be able to use this system to win the maximum amount of your bet.

Let’s say for example you are at a live roulette table where you can bet as little as $5 and as much as $500. Putting $5 on an even-money bet is the first step toward winning a large sum of money.

As you win, your bets keep doubling until you are able to place the biggest one. If the initial bet is $10, you need at least 8 consecutive wins to be able to place a $500 bet. That’s an impressive win, and it’s not at all impossible.

You are more likely to win this than a progressive jackpot, no matter how small.

12. The Fibonacci System

Fibonacci progressions involve a series of bets, each of which is the sum of the previous two.

You might place your first wager of $10, for instance. You will then place your next bet of $15, followed by a $25 wager, followed by a $40 wager, and finally a $65 wager.

Regardless of whether the progression is positive or negative, the Fibonacci System still applies.

13. Dice Control Systems

Dice control in craps does not involve raising or lowering your wagers. There is a theory that a skilled shooter can affect the outcome of a dice roll. Although we are a bit sceptical about dice control systems, some reputable, knowledgeable gambling writers believe them to be effective.

14. Card Counting Systems

This is another well-known casino betting strategy. The advantage of card counting systems compared to most of these wagering systems is the fact that counting cards pays off over the long term.

You can raise or lower your bets based on the number of low cards and high cards played thus far. You should increase the size of your bets if there are a lot of 10s and aces left in the deck because you have a better chance of getting a blackjack, which pays 3 to 2.

When playing real money blackjack, there are entire books devoted to card counting techniques. Despite the fact that it is not as hard as you think, you still have to devote a surprising amount of time to it.

15. Capitalization of Profits

When you play against the house at a casino, the Capitalization of Profits system is used. This system increases your bets when you win and adds to your reserve pool.

After you split your starting stack into 20 different bets, you execute ‘attacks’ consisting of a specified number of bets. When you gain 4 units, these units are placed into a reserve to protect the starting capital.

16. Flat Bet Counting

A flat bet counting system is a way of managing your money when playing online roulette at casinos. The time or number of spins can be split into three equal segments. Make a decision on what the loss amount is at which a break will be taken.

First level goal is to make 10% profit, second level is to win back any losses from first level if necessary, and third level is to make small profit after recouping losses. It is only if you fail your current level that you will move to levels 2 and 3.

17. Double Street

A conservative Roulette strategy, Double Street entails a low risk. In total, you bet six chips per round and cover 17 numbers. Using six chips of equal amounts, place the following bets: two chips on a six-line, two chips on a different six-line, one chip on a straight-up bet, and one chip on a corner bet.

The result is a 4-unit win on the two 6-line bets, a 35-to-1 win on the straight up and a 2-unit win on the corner bet.

Final Words

Despite the fact that you cannot remove the house edge from an individual game, you may improve your odds of winning by altering your betting patterns. Each game has the same house edge, but the possibility of losing a number of consecutive games is smaller than the odds might suggest. Systems such as betting strategies can help you increase your profits, reduce your losses, and/or reduce your risk, depending on how you use them.

About the author
author
Beth RedmanEditor in Chief

With over twelve years of experience, Beth brings a lot of knowledge in the field of gambling and always deals intensively with casinos reviews. She is responsible for most of the content that is written on MrCasinova.com and she also manages all MrCasinova.com contributors. Beth is native English and graduated with an MBA from Anglia Ruskin University.

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