Here is a classic casino gamer’s dilemma: you use the Jackpot Capital no deposit bonus codes to get a bonus and now you have extra money to play with.
You want to know what to play and how to play so you do a little internet research. One of the things that will come up pretty often is an offer to buy a betting system that is “guaranteed” to work.
A lot of gamers fall for these advertising claims. There are two questions that need to be asked here. First, if a betting system actually did work, wouldn’t it put casinos out of business? No business could afford to stay in business with a large group of players winning money regularly by using a betting system.
Second, why are the foolproof betting systems priced so low relatively speaking? If a player can win thousands of dollars using a system, why wouldn’t the developer of that system sell it for upwards of $1000? Yet, they sell them for a “reasonable” sum, say, $39.95! Who can’t pay that amount for a can’t miss chance to win thousands of dollars?
There is One Betting System That Works!
Card counting in blackjack does work! But there are factors that have to be met in order for it to work.
- The gamer has to be able to count cards fast, accurately, and in real-time. Any mistake in counting throws the information off.
- The player has to find a blackjack table that uses one deck and does not shuffle the cards continuously. This is hard to find at any land-based casino and online blackjack uses the random number generator which means that the cards are being “shuffled” all the time.
- The player needs to exercise tremendous patience because it is not common for an opportune moment to come along where a big bet is warranted.
- The player has to know basic blackjack strategy at an expert level because that is the decision-making process he or she will use on almost all hands.
- The player needs to be able and willing to increase their bet dramatically when the card count warrants it.
As a result of these five necessary factors, card counting in today’s casino gaming environment is not much of a practical way to win money at a casino.
What is the Problem with Betting Systems?
The basic failing of betting systems is that they do not take losing streaks into account. Any gamer who has played for a while will tell you that a five-game losing streak is common. Betting systems are no longer viable after even a three-game losing streak since they then ask the gamer to make a large bet to win a small amount of money.
Here we will have time to talk about three very common betting systems, the Martingale, the Labouchere, and the Fibonacci.
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The Gambler’s Fallacy
Betting systems are based on the belief that a given outcome is “due” to happen. This is the Gambler’s Fallacy. In gambling generally and in casino gambling in particular, the Gambler’s Fallacy is he downfall of many gamers.
It is common enough that it is part of the responsible gaming protocol we at Jackpot Capital encourage all gamers to adopt. This means setting reasonable time and money limits on gaming. It also means never believing that an outcome is due to hit because the random number generator has no idea what outcomes have happened previously.
What is the Major Flaw in the Martingale System?
Actually, there are two flaws in this system and that flaw applies to all of the main systems: they are said to work best in even money bets but there aren’t even money bets in casino games.
In roulette, we are told that red or black, odds or evens, first 18 numbers or second 18 numbers are all even money bets but those 0 and 00 get in the way of the statistics. The bigger flaw in the Martingale System is that it doesn’t take losing streaks into account.
Here is a chart of a five-game losing streak in the Martingale System where the player makes so-called even money bets:
- Bet #1: $5 The bet loses.
- Bet #2: $10 The bet loses
- Bet #3: $20 The bet loses.
If the third bet had won, the player would have lost the two previous bets totaling $15 and won the $20 bet for a profit of $5, the original bet. So, the player has to bet $20 to win $5! If we extend it to five full losses in a row, we see that the player bets $40 and then $80 both of which lose. Now, the player has to bet $160 to win $5. This is a very poor bet indeed!
What is the Major Flaw in the Labouchere System?
Once again, we have those pernicious losing streaks. In the Labouchere System, the player decides how much he or she wants to win and divides that amount by ten.
Let’s assume the player wants to win $100. So, there are 10 “bets” of $10. The chart might look like this:
10 – 10 – 10 – 10 – 10 – 10 –10 – 10 – 10 – 10
The player bets the sum of the first and last numbers which is $20. He or she makes an “even money” bet and it wins. Now the player has won $20 and crosses off the two winning $10 bets.
The next bet is also for $20 because we bet the sum of the first and last numbers. This bet loses. The player now writes 20 at the end of the list since they have to win the money back in order to win $100.
Now the next bet is $30. This bet also loses. The player writes 30 at the end of the list and bets $40. This bet also loses. This is just a three-game losing streak but we see that the player will have to win many large bets in order to reach her or his goal of winning $100.
The Labouchere System, like the Martingale, works when the player doesn’t have any losing streaks. Since this is impossible, these systems ultimately fail as the player either runs out of money or simply decides not to continue to follow the system.
We said above that we would also explain the flaw in the Fibonacci System but we have run out of space for this article and the Fibonacci System requires a lengthier explanation. So, we will tackle Fibonacci in another article coming soon!
Jackpot Capital Hopes Everyone Wins
Our gaming philosophy is that even if you don’t win money, you can “win” a gaming session if you follow the three big “rules” of happy online casino gaming.
- Set a reasonable time limit for gaming.
- Set a reasonable money budget.
- Have fun.
When gaming is part of a broader, enjoyable experience, it can and should be fun. We say that gaming here at Jackpot Capital is a form of entertainment. If you play moderately, you can have a lot of fun and be entertained for a lot less cost than most entertainments!
You can win at being entertained even if you lose a small amount of money gaming. We encourage all gamers to play all of our games! That is one of the great advantages of an online casino. We also run many promotions that are a lot better suited to the fun side of gaming than the free alcohol and free meals land-based casinos offer.
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