There might be hundreds of strategies that promise you the win and let you beat the odds of the casino. Be it the online casino or real casino; the house is always at an advantage. Here are the best betting strategies, along with their flaws. If there are players winning the games using these strategies, there is also the luck factor involved. Only the approach may not help.
It is one of the most common theories in the casino industry. It is about the belief that the more an event fails to occur, the more likely it is to happen in the future. This theory is false. For instance, if a coin is flipped in the air, and the more times the coin lands on the head, there is better chance for it to be landing on the tail the next time. It is applied to games like craps and roulette. It is to be understood that every spin and roll at the casino is an independent action. One result never influences the other. Monte Carlo Casino made this Gambler’s Fallacy famous. There is a rare chance of this happening.
It is more of a betting system than a gambling theory. It refers to the doubling of every bet until the player wins. It opines that statistically; the player is bound to succeed and reclaim all the losses and win more. The issue with it is that there is a meager chance of this happening. Only the players with access to unlimited funds may be able to apply it. Otherwise, the rest of the lot may suffer from irreversible losses.
This system is close to 900 years old. The principle is the same as Martingale, but the approach is slower. The algorithm uses the Fibonacci Algorithm of 1-1-2-3-5-8-13-21-34 instead of sequentially doubling the bet. The Fibonacci system leads to lesser losses than the martingale system as the slow approach may lead to lesser wagering amounts.
The Paroli system makes the most out of the hot streaks. It aims to recover from short-term losses with a big win. The players sequentially increase their wagering amounts. For this system to work, the player has to win at least four bets in a row.
There are only a few gambling strategies, but the list is never-ending. The house edge is the only factor that matters when playing casino games, and it affects the overall outcome. The only strategy that works is being completely aware of the odds of the game, the rules, and the payouts.