Not a day goes by that we don’t hear about a new betting system that gamblers are touting as the best out yet. Betting systems are nothing new and are popular with players for a number of reasons. These betting systems have been designed to help players make good decisions when it comes to their wagers by boosting their profits and minimising their losses as much as possible.

We are also here to deliver some hard truths. No betting system is actually sustainable for too long. When you are playing online, each spin of the reels at an online slot game or every hand dealt in a game of online blackjack is independent of the other. There is no way of predicting a pattern or being able to find a way to one-up the system.

Some players will swear by card counting, but this is also a hard feat when you are gambling online. Since games use random number generators, all cards are automatically shuffled after each round. If you are playing at a live casino, it is often difficult to decipher the number of decks of cards at play. There really is not much you can do. It is also very easy to fall prey to the ‘gambler’s fallacy’. Don’t fool yourself into thinking that the next win is just around the corner.

In this article, we will be looking closely at the betting systems available out there, a brief description of each and why you should about them. If you have tried a betting system or two, then you may be aware that they don’t work in the long run.

Top reasons why betting systems don’t work

Betting systems require a lot of determination and patience. They are also quite dangerous to your bankroll as they can be depleted much quicker than you think. Some players continue to use them and brag about all the wins they have generated by adopting one.
Here are the top reasons why betting systems simply do not work:

The numbers just don’t add up

Mathematicians will be the first to admit that betting systems don’t make sense. In order for them to be successful, you would need to have a massive bankroll. Even so, players don’t have the luxury to play forever and since each round and slot spin is independent of the other, there is no guarantee that you will hit a win after a period of losses.

This also applies to highly volatile online slot games. Many players assume that a big win is around the corner after not winning anything in a while. Even if you do hit a win, it does not mean you will successfully recoup all your losses. That’s the main problem with playing games of chance.

Jump off that bandwagon 

Even if everyone around you is using a betting system, it does not mean you have to. There are some ridiculous betting systems out there that make you feel foolish once they fail. If anything betting systems are a quick way to generate more money for the casino.

There are also a number of individuals who have no problem selling their ‘winning formula’ to other players. They release books for money with the aim of selling books to players on how to achieve win after win at online casinos. Indeed, they are achieving wins by selling a book packed with lies.

It will sink your bankroll management strategy

We have stated time and time again the importance of having win and loss limits and managing your bankroll successfully. A good bankroll management system will allow you to stay in control of your finances and keep your losses to a minimum.

Without having a bankroll management system in place, players are more likely to chase after their losses or gamble more than they can accord to. Many betting systems are all about doubling your wagers after either a win or a loss. Such systems would wipe out your bankroll in a matter of minutes.

This goes against all that a bankroll management system is all about, which is to extend gameplay.

It kills off your gambling session and time

There are so many betting systems out there, that trying them all would be a good exercise in killing all your deposits and gambling sessions in a quick matter of time. There are, of course, people who are more than willing to try out these systems, but they are wasting time and money which could be better spent elsewhere.

Types of available betting systems

We are not fans of betting systems, but it does not necessarily mean that you should not be aware of what is out there. Generally speaking, betting systems fall into two main categories, namely Positive and Negative Progression.

A betting system that adopts a positive progressive invites you to increase your bet each time you hit a win and reduce your bet size when you hit a loss. The main premise behind it is to generate as many wins as possible while you are on a winning streak and reduce the damage when you are losing.

On the other hand, a negative progression system, expects you to make a large bet when you are on a losing streak and place a smaller bet when you are achieving wins. The main idea behind this is to place large bets to recoup your losses.

Now that you know how betting systems work, here are some of the most popular systems available on the market. This is in no way an exhaustive list.

  • Martingale System: The Martingale System invites the player to double their wager each time they lose.
  • Anti-Martingale System: This works in the opposite manner of the Martingale System. The player is required to double their bet size after each win.
  • Grand Martingale: Players must double their bets after each loss and add an extra unit each time.
  • Labouchere System: First, the player must decide how much they are planning on winning and then write a series of numbers that sum up this amount. When placing their first bet, players must total up the first and the last numbers on the list and cross them out. This keeps on going until you run out of numbers on the list.
  • Reverse Labouchere: Instead of cancelling out the numbers after every win, players must add the winning bet to the end of the numerical series. 
  • Fibonacci System: The betting system follows a mathematical sequence, where the next number is the previous two numbers summed up together.

 

In conclusion, a quick look at the various betting systems available on the market is evidence enough that they can be farfetched and draining on one’s bankroll. There is no such thing as luck or a magical system that can turn losses into your wins. Even if there was, the house edge would quickly wipe them out in the long run.

If you want to be successful at online gambling, you need to be realistic about the available pitfalls. First off, the casino has the advantage and it will manage to win all your money. While the house edge can be lowered in some cases such as in games such as Blackjack and Roulette, there is still an element of luck involved. There is nothing that one can do to repeatedly achieve wins. If there were, casinos simply would not exist. There is a reason why they keep on getting richer.

Next, having a bankroll management system in place would be your best and smartest decision. Having control over your finances is the best tool for ensuring you don’t lose your money to the casino in one go. Similarly, you need to forget about systems such as card counting as they simply do not work when you are playing online.

Don’t forget to have fun when you are gambling and not think about converting your deposit into wins too much. The hard truth is that once you resign to the fact that you will lose the money deposited, you can have a more enjoyable gambling experience.