Progressive Betting Systems Used at Online Casinos
Betting strategies are a staple of the gambling industry. For as long as people have been betting, they’ve been thinking about the best way to do so.
For those who don’t know, betting strategies are systems created by gamblers to control how much money they place while playing a certain casino game.
Originally, betting systems were created by roulette players, in an attempt to bring strategy to the game.
However, today, they are used by professionals and amateurs in pretty much any gambling game, from slots to poker. A lot of people even use betting systems at online casinos. So, let us find out how they work.
What are Progressive Betting Systems?
Progressive betting systems are the most popular category when it comes to these kinds of strategies.
As the name suggests, the idea is to increase your bet progressively with each wager. Of course, most systems include a limit, otherwise they would do more harm than good.
Whether you are gambling online or in land-based casinos, progressive betting systems are ones that you are most likely to come across. Players at christchurchcasino.com can use these strategies when playing some of the top notch table games or popular slots.
Even within the world of progressive betting, there are multiple systems that gamblers can take advantage of. In this article, we are taking a look at the three most popular progressive strategies that gamblers often use.
Martingale
At the top of the list is Martingale, a simple strategy that requires the customer to double their bet with each loss. The idea behind the Martingale is relatively simple; when you lose, you double up, so in the case of an eventual win, you can earn your money back.
The risk here is self-evident. To put it plainly, a win might not come. That is why we would never recommend this system. At some point you could hit either the limit of your bankroll or the casino’s maximum bet.
In either scenario it has the potential to be ruinous as you would not be able to place the next bet in the sequence and suffer crushing losses, just for the sake of trying to make a very small profit.
Never expect that you are “due for a win.” In truth, there is no such thing, as each game is random. The Martingale system is to be avoided at all costs.
D’Alembert
The biggest competitor for Martingale is the D’Alembert system. It is a negative progression system that requires you to raise your bet by one unit after a loss, and lower it by one unit after a game.
Unlike the Martingale, the D’Alembert’s system’s goal is to balance wins and losses, rather than attempt to overcome them.
Though the risk reduction is far greater in D’Alembert, it does have some downsides as well.
For example, the gains are quite limited, and a player could still fall prone to a losing streak, and thus spend a lot of money. Not as much as in the Martingale, but players who use that one at least are aware of the high-risk, high-reward nature of it.
Fibonacci
Finally, we have to look at the Fibonacci system. Inspired by the mathematical sequence of the same name, Fibonacci follows the sequence’s pattern when it comes to betting.
So, a player’s betting streak when using Fibonacci would look something like this: $1, $1, $2, $3, $5, $8, $13, $21, $34, $55…
The Fibonacci is characterized by low risks in the early game, and a pretty great recovery potential.
However, slow profits and the same risks as the Martingale system make it quite risky for newbies as well. If you are going to use Fibonacci staking, it is advisable to stick to a maximum number in the sequence, and if it loses, to accept the loss and start at the beginning again.
For example if you get to $55 in the sequence and the bet loses, to accept the losses and go back to the beginning and start with a $1 stake.
Otherwise you will face the same issues as the Martingale system of busting your bank or hitting the casino’s maximum bet.
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