Not everyone who bets on casino games uses a strategy to do it. Yet, enough people have faith in different betting strategies to make it worth looking into the details.
Here we look at some of the most famous ones.
The Martingale Strategy
This is arguably the most popular casino betting strategy. You just need to double your stake every time that you lose a wager but go back to the original level when you get a win. So, if you start with a $1 wager and lose the first couple of games, it will increase to $2 and then $4.
One of the keys to this system is that you need to use even money bets, or wagers that are close to being even money. A good example of how you can do this is by playing roulette, where you can bet on the likes of red, black, odd or even. You could also use it in blackjack, where the odds of winning a hand are close to even.
The positive thing about Martingale is that you will eventually win back any losses and make a profit. However, the main issue with this approach is that you may need to increase your stakes several times before winning, which could cause you to run out of funds or else come up against the game’s upper wager limits.
Learn more about the martingale strategy here.
The D’Alembert System
This is similar to the Martingale system we just looked at. It is also used typically used on even money bets and you need to increase the size of your stake after every loss. However, the big difference is that you use a smaller level of increase each time.
You increase the stake by a single unit after a loss, so it could go $1, $2, $3, and so on. After a win, the stake is reduced by a single unit. This means that the amount you wager never increases as quickly as it does with Martingale.
With this approach, you can gamble effectively even with a relatively small bankroll, but any wins that you make are likely to be fairly modest in size. It is worth noting that Martingale and D’Alembert can also be used in games like blackjack and slots, while some people use them in sports betting or in stock market investing.
James Bond Strategy
If you are a 007 fan, you may recall that Bond has an interesting roulette strategy that involves putting a series of complicated bets on different parts of the table. It looks great when he does it, but it is an effective way of betting?
The truth is that the James Bond system doesn’t guarantee you a win. Since you are betting on several different possible outcomes, you will probably win on some bets now and then. However, it is possible that you spend more on your stakes than you win.
This is an example of a cover the table strategy, where you try to include as many of the likely results as you can. It requires a fairly high wager amount to work.
If we go back to the idea of a progressive betting strategy, Fibonacci is another alternative for various types of game. In this case, you are following the well-known sequence that begins as 1, 1, 2, 3, 5. The fact that it is based on a numerical sequence often seen in nature appeals to some people.
It is similar to Martingale in that your stake increases on losing runs, but the gentler rate of progression means that the stake doesn’t grow as quickly in this way. An alternative is to use a reverse Fibonacci strategy, with the stake increasing after wins rather than losses.