Archive for September, 2009

Betting systems are all equally worthless and just an illusion.

 Not only do betting system fail to win casino games with a house advantage, they can’t come close to it. Roulette balls and dice simply have no memory. Every spinin roulette and every tossin craps is autonomous of all pastevents. In the short run,you can dope yourself into thinking a betting system work, by endangering a lot to win a little. However, in the longrun no betting system can survive the test of time. In addition, the longer you play, the ratio of money lost to money bet will get closer to the calculation for that game. The faith of gamblers reaches a religious fire. However, in all things the more absurd a belief is the more persistently it tends to be held. However, the casinos are still standing and nobody has ever proven anything that works.
The Gambler’s Illusion.
The biggest gambling legend is that an event that has not happened lately becomes overdue and more likely to occur.This is known as the “gambler’s illusion” Thousands of gamblers have invented betting systems that attempt to oppose the gambler’s illusion by betting the opposite way of recent results.
 For example, waiting for three reds in roulette and then betting on black,is the gambler’s illusion.
A common gamblers’ illusion called ‘the doctrine of the maturity of the chances’ (or Monte Carlo illusion) falsely assumes that each play in a game of chance is not independent of the others and that a series of outcomes of one sort should be balanced in the short run by other possibilities. A number of ‘systems’ have been invented by gamblers based largely on this fallacy;casino operators are happy to encourage these such systems and to exploit any gambler’s  of the strict  about probability and independent  — Encyclopedia Britannica (look under “gambling.”) No betting system can convert a subfair gamei nto a profitable enterprise…– Probability and Measure  edition) by Patrick Billings number of ‘guaranteed’ betting systems, the prolife ration of myths and fallacies concerning such systems,and the countless people believing, propagating, venerating, protecting, and swearing by such a system  legion. Betting systems constitute one of the oldest delusions of gambling history. Betting systems votaries are spiritually similar to  of perpetual motion machines, butting their heads against the second law of thermodynamics.

Exercising a Gambling Betting System

The casinos approve all system players except for card counters. Other than card counting in Blackjack, there is not a betting system in the world that will change the house edge on any of the casino games. The most a betting system will do is to affect the short term swings of the payer’s bankroll. Most systems fall into three categories, a positive progressive system, a negative system or a hedge system.
The final “Money Management” strategy is to bet more when you are winning and less when you are losing. This is simpler said than done because you never know when a streak occurs until it ends. A simple way to bet more when you are winning is to slowly increase your bets after a win and decrease your bet to the minimum when you lose. This is known as a positive progressive system.
Here is an exemplification of a progressive betting system. You make a $10 bet and win. You are now even. You don’t progress yet. You make another $10 bet and win. Your next bet is $15. You are progressing but you still have a profit of $5. If you win the $15 bet you go to $20. If you lose you go back to $10.
A negative progression system makes you to increase or double your bets when you lose in hopes of getting back to even after a loss. This is very dangerous and you should never do it.
With a hedge system, you are making two bets that counterbalance each other. You are hoping to pound out a small profit. Many Crap players will make a $10 don’t pass bet and then place the 6 & 8 for $6 a piece. If the shooter sevens out you only lose two dollars. If the shooter throws some sixes and eights before he sevens out you have a nice profit.
The reason a system can be effective during a visit to a casino is because it takes advantage of the short term fluctuations in probability. The player has the option of quitting at any time. However most of them don’t and end up giving back any profits they made.
The casinos know that no matter what system a player is exercising, they will still win in the long run. The casino is open 24/7 and has an unlimited finance. They don’t have to sweat the system player who has an occasional win. In fact, the casinos would love to have every player who invents a system to win the first few times they use it when they play. Once a player gets a feeling that they have found the perfect system, the ultimate human emotion of greed will kick in. They will think their system is unbeatable and start increasing their bets. Eventually, the math of the game will catch up with them and the casino will have their money back along with some of the player’s money.

Harrah’s moves into UK Gambling via Internet

Harrah’s Entertainment and a London-based online betting company announced a contract that will help the casino giant enter the UK’s online casino market with its Caesars Casino and World Series of Poker brands.

888 Holdings will provide Harrah’s with online poker betting and casino service, including payment and customer services.

Financial terms of the contract were not available, although 888 Holdings described it as a “multimillion-dollar” deal.

Friday’s announcement is the latest in a series of moves by Harrah’s to position itself online abroad, and the company hopes, in the USA Casino internet Market.

The company announced in May it had hired former online betting executive Mitch Garber as chief executive officer of Harrah’s Interactive Entertainment, a new subsidiary overseeing Harrah’s efforts to expand its World Series of Poker brand online.

Garber was CEO of Gibraltar-based Partybetting, which is listed on the London Stock Exchange and owns the popular PartyCasino and PartyPoker Internet sites.

Harrah’s also has backed legislation that was introduced in Congress that would allow Americans to play online casino games for money.

The proposed Internet Gambling Regulation, customer Protection and Enforcement Act of 2009, which was introduced by Rep. Barney Frank, D-Mass., would establish regulations to allow licensed gambling operators to accept wagers from inside the USA.

The bill was referred in June to the House Subcommittee on Crime, Terrorism and Homeland Security.
Firms were barred from operating Internet-betting services in the USA after Congress stopped credit card Firms from collecting payments to online gambling sites in October 2006.
888 Holdings, along with other online betting Firms, pulled out of the USA then. Half the company’s revenue came from U.S. clients, 888 said at the time.

888 Holdings’ top executive said its deal with Harrah’s could expand if the U.S. market opens up.
“It’s an amazing deal if the U.S. market opens up to online betting one day and it’s a good deal even if it’s Europe only,” 888 Holdings CEO Gigi Levy told Reuters. “We have more big American deals in the pipeline for the (888).”

Betting Systems and Betting Strategy

Since people have been gambling, players have been trying to develop a betting system that will allow them to gain the edge. Some of the greatest minds in history have tried to devise a system for beating the casino games. Although he was not a gambler, in 1654 French mathematician Blaise Pascal was asked by a friend for help with a wagering theory. Pascal became curious in the philosophical problem of how to take decisions involving uncertain events. His studies lead to his writing of “Traite du Triangle Arethmetique”  which was the first book on probability theory.
Albert Einstein studied the problem of how to beat the game of Roulette. After spending time on the problem he concluded that it could not be done, and he was quoted as saying, “The only way to beat Roulette is to steal the money when the dealer’s not looking.”
In a sense, he was right. His point was that there is no way to employ a mathematical formation of bets to overcome the house advantage.
Gambling systems based on raising and lowering your bets are sometimes referred to as money management strategies. Most of these betting systems fall into two categories; a negative betting sequence, or a positive betting sequence.
Negative Sequences
A negative sequence system has you increase your bets after a loss in hopes of getting back to even after a win. These negative systems are extremely
dangerous because you can lose your entire bankroll after a series of losses. The most popular negative betting system is the Martingale where you double your
bet after every loss. This system has resulted in more players to go bankrupt than any other betting system, yet many gamblers will still give it a try.
Positive Progressions
The alternative betting system is to bet more when you are winning and less when you are losing. This is easier said than done because you never know when a streak of losses occurs and when it ends. A simple way to bet more when you are winning is to slowly increase your bets after a win and decrease your bet to the minimum when you lose. This is known as a positive progressive system. If you are going to try any type of betting system, you should only try a positive progression. With a positive progression, you cannot get wiped out by a series of losses, but you are losing the first win after your lack has changed, and you stop losing.
Furthermore, nobody can promise you that you will continue winning after the first win in following bets.
Paroli Betting System
The Paroli system is a positive progression system that is designed to take advantage of winning streaks. You start by choosing a Predetermined number of wins in the progression. For example: You decide to use a three win as your progression. Here is what the Progression would be.
You place your first $5 bet and win $5. You place your second bet of $10. You win with the second bet and place your third bet of $20. You win with the third bet and this is your stopping point for the Paroli betting system. You will then proceed back to the original bet of $5 and continue to use the system throughout the game. You may try for four or five wins in a row, but it will be harder to complete the sequence. If you were to lose at any time you go back to your original starting bet and begin the sequence over again.
One Half Up
This is a very popular positive progression system. You do not increase your bet until you win two bets in a row, then you keep increasing your bet by one half of your original bet.
Here is an example.
You make a $10 bet and win. You make another $10 bet and win. You are now ahead $10. Your next bet is $15. You are progressing but you still have a profit of $5. If you win the $15 bet your next bet is $20. If you lose you go back to $10. You still have a profit of $15.
It Can Work
There has been much controversy about whether or not a positive progression system will raise your profits when you gamble. Many math experts say that in the long run it will not make you any more money than if you had bet the same amount each time. However, since you are only playing for a limited amount of time a positive progression may win you more if you catch a lucky winning streak.
You can use a positive progression when you are playing any casino game, but it works best in the game of Craps. There are many times when a shooter will have a long roll, and you can use a progression to increase your winnings.
A positive progression cannot hurt you because you are only increasing your bet after a win. If you feel that you want to try a betting system, this is the one to use. The secret to successfully using a positive progression is to make sure you collect enough winning to make a small profit before you start to raise your bets. Many players will raise their bets before they have locked up a profit and when they lose, they have not won any money. Make sure to collect a few winning bets first.

You may be also interested learning about Betting Strategy, Vegas Betting, Betting Roulette, Betting Blackjack, Betting Poker, Betting Craps, Bet Bonus Codes.
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Eight Important Decisions in Gambling and Betting Strategy

 Time and money management are vital for Betting Strategy and raise the winning ladder.

 Establishing a discipline of understanding the importance of managing the game as well as your finances,  which most winning gamblers hold, taking you towards gripping an edge every time you play. 

1.You should consistently have a plan of action, a pre planned betting strategy on what to play, how much to bet and for how long to play. That plan will became your betting system.

2.The most important decision is choosing the right game for you. Most gamblers have a favorite game, either Blackjack or craps, roulette or baccarat, and they spend most of their money and time playing it. However, if there is not one particular game you like to play more, then choose a game at which you think you are good and stand a good chance of winning too.

3.Money management is very important; especially when you are planning to place a bet on a particular game. Also, it is always advisable to create a gambling account depositing in it, a specific amount of money you can afford to lose, and setting it aside for playing only.

4.After sometime of betting and playing, how would you know when is the right time to leave the game?
 When you feel that your game is about to breakdown, you are going to loss or you have accomplished the goal you had set prior to starting the game, then is the right time to leave the game.

5.If you find yourself playing with strong players or are losing most of your hands, especially when betting poker, it’s time to leave.  If you have been winning for a long time, then don’t wait for the game to turn. End the game as a winner and leave. Don’t risk more.

6.When you’re in a great game and have experienced a nice win, then is the appropriate time to quit the game.

7.The suitable time to terminate your gambling session is when you feel that you have reached a maximum self-control limit, and you need a break. Also, when you feel that you are too tired and this has started affecting your game, its time to leave.

8.And if you have just endured a serious loss, then it’s definitely time to wrap it up. Don’t keep sitting and playing, trying to dig for more money.

Keeping these things in mind will help you to work out a plan of action for your gambling session, guiding you through the game, telling you what to play, how to play and for how long to play, making your game, more interesting and less precarious for you.

Betting Roulette System

Betting Roulette is thought to be one of the most favorite casino games in the world. It inclines to pull players from all types of backgrounds. Being a fairly easy game to grasp while offering a various range of betting options and payout is what makes Roulette so popular. Roulette is also thought over to be one of the casino’s biggest money makers because it leans to place the odds in favorof the casino.
 Having tried many different betting systems, I eventually found one that places the odds in favor of the player, is very simple to understand and does not bear a large degree of risk as far as losing one’s money is concerned. If the intent of the player is to cover as many results as possible while increasing the chances of winning, then this may be one Roulette system that is worth a try. Being a low risk system, the payout from a win is only 3 to 1, but the odds are 63.16% in favor of the player in an American Roulette game and 64.86% in favor of the player in a European Roulette game.
The logic of the system is as follows: By placing two Dozen bets of equal amounts, the player is basically covering 24 numbers, which are over 60% of the total numbers on the wheel. The possibilities of losing the bet are between 35.13 % and 36.84%, which is far lower than a Column bet or Colored bet. If the winning number falls in one of the two Dozen bets, then the player will receive three credits for the two credits wagered.
For instance, let us assume that you have placed a bet of $12 on the numbers 13 – 24 and another
$12 bet on the numbers 25 – 36. Now you have covered over 60% of all the numbers, and if you win,
you will be ahead by $12. As mentioned earlier, the returns may not be high (depending on how much money is wagered), but the chances of winning each bet tend to be higher than usual.

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