What are Betting Systems?
Betting systems, or ‘betting strategies’, are mathematical structures which are applied to gambling in order to achieve an advantage, to maximize potential profits or to increase the player’s luck. Some betting systems are more effective than others, and some are so successful that they lead to the gambler or their system being banned entirely. Most betting systems are designed to reduce or remove the ‘house edge’ – the margin of favor towards the bookmaker or casino.
Betting Systems Explained
Betting systems are structured, planned bets which are made in such a way that the player gets an advantage, and potentially beats the house edge to secure a decent win. Players using betting systems make a series of bets over a playing session, and they make these wagers in a way which makes winning far more likely. Some betting systems are used in conjunction with illegal or dishonest methods like card tampering, or with advantage play techniques such as card counting, while other betting strategies work during natural play.
Not all betting systems are successful – many rely on the ‘gambler’s fallacy’, which is the idea that wins happening with varying frequency reduces or raises future chances of a win. Some are as simple as raising the bet amount with each loss, or with betting only at tables where wins have been slow so far that night. However, some use mathematical probabilities to ‘play the odds’ and find a betting line which is likely to beat the bookmaker.
Examples of commonly accepted betting systems are the Martingale system, used in roulette to cover losses with subsequent larger wins, and the arbitrage betting method seen commonly in sports betting to play handicaps against each other. Bookmakers and casino game developers also use betting systems to calculate, test and amend their house edge or to level a sports book fairly.
View the best casinos for roulette here.