Even a few basic strategies can potentially increase the chances of winning.
A Deeper Understanding Of Gambling Strategies
But many gambling games also benefit enormously from smartly applied strategies. A game like online Roulette, as a prime example, can be played recklessly and still be fun. However a player that puts thought into their bets will almost certainly walk away with more in their pocket.
The tips here are basic, and more advanced strategy guides do exist. So consider this an introduction to simple betting strategies.
Risk Versus Reward
Sure, everyone imagines winning a mega jackpot, but that is unlikely. More to the point winning big means betting big, unless you happen to land an online pokies progressive jackpot. Strategic gamblers know that betting small but betting smart is the key to success.
So in this case a wise bet would be no more than $2. The same should apply if you have $1,000 to spend.
Every gambling game has , otherwise known as the percentage that the house will always win. Online casinos have to make money, and thus build a failsafe percentage into their games.
There is also a 00 pocket in American Roulette. Either way, when 0 hits it is all but guaranteed that every bet will lose. But what does that mean for the odds of winning?
This isn't true, given that 0 is neither red nor black. The odds of red or black hitting are, in fact, 48.6%, again assuming the European version. So the 1.4% is the house edge. It is because of this house edge that betting strategies are so important, ultimately allowing you to come out on top even against additional risk.
Respecting The Martingale
By learning the Martingale, understanding it, and putting into practice you will already be a significantly smarter gambler. Using online Roulette as an example, decide if you prefer red or black, and stick with it. In this case, let's say red.
Your bet on red loses, which means you are now down $20. Bet on red again, but this time double the bet; $40. The next bet on red is $80 if you again lose, and so on. When the bet wins you will not only have covered losses, you will also have made a small profit.
At the point that the bet pays, return to the original 2%; $20.
But until that time you will steadily be making a small, long term profit.
We will again use as the example.
So, again using the 2% rule, let's say we've put $20 on red. If we lose, we stick with the same unit, $20. If we win the bet increases to $40. So we stick with $40, the bet loses, again $40 is staked. Another win, the bet goes up to $80.
What makes Oscar's Grind so interesting is that over time your overall bank balance will almost always level out, assuming that you keep playing. The system is a perfect example of how gambling should be thought of as a long term investment, and not something that is approached recklessly.
Play smart. This refers to how well you're doing, how your bank balance looks, and whether you think it is worth it to keep pushing. Or is it a better idea to just quit?
When is it best to take the profits and quit? The Martingale will collapse eventually, so when should you simply stop playing?