When it comes to making money through gambling, there are a lot of tools and skills that you can use. Some are easier to understand than others, though – such as basic mathematics. Mathematicians have been studying the odds and probabilities of different games for hundreds of years, which has resulted in some great strategies that gamblers can take advantage of today. If you want to beat the bookies at their own game, then you’ll want to be familiar with some of these strategies. Read on below for more information!
The Martingale Strategy
One particular strategy that mathematicians have come up with is known as the Martingale strategy, named after an 18th-century French mathematician who used this system in his own betting. This strategy, at its core, is pretty simple. All it amounts to is increasing the amount of your bet after every loss so that you eventually win over the long run.
Despite this simplicity in theory, there are a couple things to consider before using this strategy yourself. First off, even though it does tend to work in many cases, it only works if your bankroll can withstand the consecutive losses that may occur along the way – or as gamblers call them: “downswings”. For example, say you start out with a $20 bankroll and want to place an initial bet of $10 on black at roulette. If black comes up 11 spins in a row, then you now have a bankroll of $-190. Using the Martingale strategy on that amount is going to be difficult, if not impossible – at least until you get back up to $10 or more.
The other consideration here is that most casinos place limits on how much you can bet after each round, and this keeps people from exhausting themselves too quickly by simply losing over and over again. You need to find a casino with these types of betting limits in order for this strategy to work effectively enough for it to be worth your time. If you plan on using this system, then I’d recommend doing some research ahead of time so that you know what playing conditions are in your area before trying it out yourself.
The Labouchere System
Another strategy that could potentially be applied to gamblers is the Labouchere system, which works by using a sequence of numbers and is designed to “balance out”. Think of it as an equation with two overlapping pieces: one that adds up all the numbers in your sequence together and another that adds up all the numbers in your sequence without the first piece. The goal here is for these two pieces to add up to exactly zero by the time you’re done playing; if they don’t, then you have a loss instead of a win – meaning no profit whatsoever!
The basic concept behind this technique is that you start with whatever number is current at the top of your list. Then, you’re going to subtract your current number of losses from that starting number, and whatever new number results is the amount of bets you need to place. Each time you tally up a loss (i.e., win), then you simply add that same amount to the bottom of your list instead; this will help balance out those losses as your list gets longer in the future.
In order for this system to work though, the numbers in your sequence must be big enough so that they eventually get large enough without becoming too cumbersome for live play. For example, if you only started with numbers like “1-2-3-4” then it wouldn’t take much before there were too many digits to play with effectively. If you start out with higher numbers somewhere in the range of 9-12, however, then it’s a lot more realistic over the short run.
For this strategy to work well, though, it’s important to remember that the sequence must contain at least two losing bets in order for it to work long enough for any profit at all – or else you’ll never have a chance! This means that you need to have both winning and losing streaks during your game. Even if there aren’t any winning streaks in your sequence where every bet is less than its counterparts on the other side of your list (which would only happen once), then the best-case scenario here is getting your money back after the first loss and a second consecutive loss. After that, it’s all downhill from there.
The Fibonacci System
While most strategies are based on math concepts to win over time, the Fibonacci system can be used for winning in the short term instead – which is really what it’s meant for anyway! The idea here is that players begin with any stake (x) and then have their bet doubled until they either win or lose twice in a row: if they win, then they start off with x again; if they lose then they move to 2x. After one more consecutive win or loss, you return to x again as well! This process continues after each round until you’re no longer ahead of the game.
This system doesn’t always work in real situations, but it has a better chance of doing so than most others; this is because it uses the “martingale” method to win over time, which is a common way for gamblers to make money (even though it can be dangerous). The only problem here is that you need a large enough bankroll to use this method effectively – and even then there will still be times when you end up losing more than you can afford.
The D’Alenbert Strategy
Another strategy that could potentially be used for gamblers (although not as much as the previous two) is the D’alenbert system, which is a simple one that can be used to play the even-money bets. Here, you just start with an initial bet and then double it after every loss: if you win, then you’ll move back to your original wager as well.
The key to this strategy is that the number of “units” you put on each bet must depend on how your last two results were – and not on the previous wager. In other words, a losing wager (the third in the series) would always result in a single unit being added (1-1-2), but an earlier win (such as 1-1-4) would only call for one more unit (for a total of 2-1-5). If you lost again, then that would result in a total of 1-1-3 (three units on the wager), while winning after having already won twice results in a series that doubles three times as well.
All told, players can see how this strategy works best over time with an initial bankroll that contains at least five or six more bets than what’s needed for the sequence to double itself – which is quite easy to do when playing even money bets anyway! Just remember not to separate your original wager from any subsequent ones; if you lose the first one then you should be betting two units on the second bet instead of just one, and so forth. Otherwise, you’ll end up losing more than you should.