As an online casino player, it is highly likely that you have seen advertisements promising you untold riches if you buy a professional gambler’s secret betting system. The internet is awash with people trying to make a quick buck from casino players who do not know any better or believe they can somehow beat the house.
It does not matter if you play at Las Vegas online casinos or jet off to “Sin City” and take on the house at the Bellagio or Caesars Palace; betting systems do not work. Every betting system out there is flawed in some way. If, and it is a huge if, a betting system somehow worked, the casinos would quickly change the game’s rules to render the system useless.
Before we explain why some of the most common betting systems do not work, as yourself the following question. If you had discovered a betting system that allowed you to win at the casino continually, would you keep it to yourself and become a multi-millionaire, or would you sell it on the internet for $20, $50, or $100 and risk the casino discovering it and making it useless? We could end the article at this point because it is frighteningly obvious that betting systems do not work when you answer that question. However, we will point out why the most commonly employed system, the Martingale system, is destined to fail.
Why Does The Martingale System Fail?
Casinos make money by stacking the odds in their favor. Take roulette, for example. Casinos typically pay 35-to-1 for a single-number win, but the odds of winning are 38-to-1. That subtle difference is why casino makes billions of dollars globally. Most betting systems say they work best on craps or roulette, two games where it is possible to make bets that have an almost 50-50 chance of winning. The pass line in craps wins 49.3% of the time, and an odds/even, red/black bet on roulette wins 47.4% of the time in American roulette and 48.6% of the time in European roulette. That relatively tiny advantage over millions and millions of spins or dice rolls adds up in the casino’s favor over time.
People suggest using the Martingale system on games where there is a nearly 50% chance of winnings that pays even money when you win, which is why roulette and craps are popular. It is a simple system where you double your bet amount each time you lose, which ensures a profit when you eventually win. For example, you start with $1 bets, lose four in a row, and win on the fifth, meaning you have lost $15 ($1+$2+$4+$8), but that winning bet yields $16, so you make a $1 profit. Seems foolproof, right? Wrong!
The Martingale system does work, but it only works with two impossible factors: you have an infinite bankroll, and the casino accepts any sized bet. Starting with $1 bets, you need a $255 bankroll to cover just eight losing bets. In this scenario, your next bet would be $256, then $512, then $1,024 in only 11 losing bets starting with $1 wagers. Losing 11 in a row, which is not as uncommon as you would think if you play enough, means you’d lose $2,047. Do you have $2,047 to lose? Would you be happy betting several hundred dollars to win a single buck?
Even if you do, good luck finding a casino that will allow you to play a $1,000+ bet on craps or roulette table, especially online. Casinos enforce table limits to protect themselves and limit their exposure. They are also there to stop gamblers from Martingaling their way to victory!
By all means, feel free to use a betting system to make your session more interesting, but be aware that none of them work in the long run.