The following systems can be used when gambling online or at traditional land casino. They can be applied in games such as blackjack, poker, roulette, craps, and baccarat.
- Positive progression betting systems: You increase the bet when you win. Kind of ‘let-it-ride’. Require less capital and usually employed to take advantage of winning streaks. (No sweat, easy ride.)
- Negative progression betting systems: You increase the bet when you lose. Require more capital and usually employed to force a winning outcome following a losing streak. (Nerve-wracking, very painful when you lose. Avoid these systems if you can.)
- Insurance betting systems: You decrease the amount of your bet when you win, usually following a high initial bet or following short ‘let-it-ride’ progressive wins. (Play it safe. A good compromise.)
The Martingale system is a very old and extremely simple system. It is based on the probability of losing infinite times in a row and is usually applied to ‘even money’ bets.
You start with one bet. If you win, you start again with one bet. If you lose, you double your bet. Each time you lose, you double your last lost bet. Eventually you are bound to win. When you win you would recover all your lost bets plus one unit (or chip) profit against your initial wager.
Although infallible in theory, the Martingale system requires a large bankroll, has a very low return and is a very risky one because of the maximum bet limits imposed by the casinos. If you run out of money or reach the house limit, you can lose a lot with no chance to recover your losses.
This system is in a way the opposite of the Martingale system. You start with one bet and you increase your bet when you win rather than when you lose.
However, you will need to plan a betting procedure whereby you know how far you will let the bet build before you take it down to the initial starting bet and how much to raise after each win. This obviously depends on the type of game played and the odds of the bet.
The advantage of this system is that you do not require a large bankroll. It lets the profit run and cuts short the losses.
The name of this system says it all. It is similar to the Paroli system. It is based on the premise that you can win four times in a row.
Your initial bet is 1 unit, the second 3 units, the third 2 units and the fourth 6 units. Let’s assume that each unit is $10 and the odds are 1:1 – even money.
The first bet is $10. When winning, $10 is added to the $20 on the table making the second bet $30. When winning again on the second bet, there would be $60 on the table. Of this you take down $40 and the third bet is now $20. If the third bet wins, you will have $40 on the table to which you add $20 making a total of $60 for the fourth bet.
If the fourth bet wins, there would be a total of $120, of which $100 is net profit. Now all the bet with the profit is taken down and you start the system all over again at $10.
If you lose the first bet, your loss is $10. The second level loss is $20. At the third level, a loss will give you a net profit of $20. At the fourth level, a loss leaves you breaking even. Each time you lose, you start all over again at $10.
The attraction of this system is that you risk $20 at a chance of making $100 net profit. This means you can lose five times, and with one win get your money back.
This is a mixture of Martingale and Insurance systems. You decrease the amount of your bet when you win, usually following a high initial bet or following short ‘let-it-ride’ progressive wins.
Bets are raised one unit after each losing bet and lowered one unit after each winning bet. The sequence and amount raised or lowered can be varied to suit particular games and odds.
This system is also called the ‘Cancellation’ system. There are many variations. In its simplest form, you write down a series or a set of numbers; say, 1 2 3 4 5 6. The series can be short or long and not necessarily sequential such as 1 1 1 3 3 5 7. The choice of a particular series depends on the type of game you want to apply it to and the odds of the bet.
Each number represents the amount in units or chips to bet. You bet the first and last of these numbers. In this example 1 and 6, which totals 7 units.
If you win, you cross out the two numbers and bet the next two ‘ends’ (the outside numbers). In this instance 2 and 5. If you win again you bet on the next two remaining numbers 3 and 4, and if you win that too, you would have made a ‘coup’ or completed one game. Then you start all over again.
If you lose, then you add that one number to the end of the series. Say you lost your first bet of 7 units (1+ 6). Then you add number 7 to the end of the series to look like this: 1 2 3 4 5 6 7 and your next bet would be 8 units (1+ 7). If you won the first bet but lost the second 2 and 5, then the series of numbers would look like this: 2 3 4 5 7.
If you work it out, you will see that when the series is completed or when you make a ‘coup’, there is always a profit. The negative side of this system is that you could end up betting large sums of money even if your initial bet is small.
This system is similar to the Paroli system and has the effect of ‘pyramiding’ your profit. Pyramiding is a parlay wager whereby the original wager plus its winnings are played on successive wagers.
It is commonly used in horse racing betting. Basically you make a bet and if you win you re-invest the winnings on the next bet. You ‘let it ride’.
This method of play is by no means risk free, but it offers the least amount of risk of all wagers since the player is only concerned with either a win, place or show selection or a combination of the three.
It is one of the oldest methods of wagering and was originally derived from the same premise that banking systems use to compound interest.