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There are honestly not too many gambling
systems that work. In gambling you get games of skill
and games of luck.
Gambling ultimately is taking a chance on a certain amount of odds.
There are certain games which can be manipulated or a system used
whereby the odds get more in your favour. Then there is blackjack
and poker and these are games of skill whereby you can influence
the outcome of the game.
Betting systems have existed for as long as gambling has. A betting
system is either bogus or clever depending upon whether it is based
on a sufficiently deep understanding of the given game so that there
is some method to the madness.
Gambling
systems, even bogus ones, are always interesting to hear about,
because they say something about how people perceive (or misperceive)
probability.
Doubling up in Casino
Gambling System - Consider the following strategy for gambling
in roulette. Walk into the casino and bet a dollar on black. If
it wins, boldly pocket your earnings. If not, bet R1 again on black.
If it wins, your are back to where you started. If it loses, bet
R2 on black to recoup your losses. After each loss, keep doubling
up. Inevitably, you are going to win sometime, and at that point
you are all caught up. Now you can start again from the beginning.
What's the problem? Nothing really, so long as you have an infinitely
deep pocket and are playing on a table without a betting limit.
If your table has a betting limit or you are not able to print money,
you will eventually reach a point where the house will not let you
bet as much as you need in order to play by this gambling system.
At this point you have been completely wiped out.
The O'Hare Straddle - An alternate doubling gambling system scheme
is as follows. Borrow a large amount of cash on a short term basis.
Set aside enough money for a ticket on the next plane to South America.
Bet the rest on one spin of the roulette wheel at even money. If
you win, return the principal and retire on the rest. Otherwise,
use the plane ticket.
Mathematically, the key to making this work is being bold enough
to wager all the money on a single bet, rather than making multiple
smaller bets. The casino extracts a tax on each `even-money' wager
via the 0 and 00 slots on the wheel. You pay more tax each time
you re-bet the winnings, thus lowering your chances of a big killing.
However, the most likely result of playing the O'Hare straddle will
be a sudden need to increase your fluency in Spanish.
On the other hand, there are well-founded betting systems available
for certain games, if you know what your are doing:
Card counting in Blackjack - Blackjack is unique among casino games
in that a sufficiently clever player can indeed have an advantage
over the house. In blackjack, each player starts with two cards,
and the goal is to collect a set of cards whose total points are
as close to 21 as possible without going over. The key decision
for any player is whether to accept an additional, unknown card
from the house. This card will increase your point total, which
is good, unless it takes you over 21, which is bad. You win money
if your total is closer to 21 than the dealer's, who must play according
to a well-defined Gambling
System
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