M
Mdm Tang
Guest
House edge is something which is very hard to explain technically. I also don't quite know how to explain it fully.
Lets assume that Banker has approximately 2% advantage over player, it means that on the average, out of 100 games, banker will win 51 times whilst player will win 49 times and the house advantage will be 3% (5% - 2%), which means that on average, if we turnover $100, we will lose $3. Thats why for every $100 that we rolled, the casino operator will give those rolling companies about 1.8% and in turn we get 1%. So for every $100 that we rolled, the casino make $1.20, the rolling company make $0.80.
However, money management is indeed a key factor. However, my take on money management is more on bankroll factor, cut loss factor and not on progressive betting when losing.
Irregardless of whichever system that one play, if I place my bet in such a way that if I win, I only win a little and if I lose I lose a lot, then theres no way we can win against casinos and thats exactly how all of us place our stake and that is why all of us ended up losers and our losing stories are the same. Henceforth the winning method is obvious and thats what I meant by money management.
That means those double up or 3 units up etc, is something which I think is a no-no as 20 losing hands can happen, not to even talk about 10 losing hands in a row.
The surest way to win is to use the martingale. Unfortunately, with limits imposed, we cant use the martingale. Playing semi-martingale is a disaster for working class people because of our limited capital. We cant withstand the lose. Based on the law of chance, out of 10 times, we will guess 5 times right and 5 times wrong, the problem with us is that out of the 5 times that we guess correctly, we usually only win about 5 units and out of the 5 times that we guess wrongly, we lose more than 5 units and so the nett result is a lose thats why almost all of us usually end up as losers. This is natural.
http://wizardofodds.com/gambling/bettingsystems.html
The Martingale system is a progression betting system, where you start with a basic unit and double the bet from round to round, until a win recovers previous losses. The idea behind the Martingale is that since no cold streak runs forever, the player will eventually win the bet and recover previous losses.
Like other progressive methods the Martingale is suitable for even bets, like the ones featured on Roulette (ex. red/black), Baccarat, Casino War, Craps, and every bet that has a 50-50 probability or close to it.
The Martingale only works for players who play with small stakes, because otherwise it's easy to go over the maximum table limit, and then there's no chance to recover the losses. Playing at a table with a low minimum limit (ex. $1) is more suitable in this case, and the player needs at least a $200 bankroll to stay afloat along the losses.
The system is profitable only for the short run. For example, when playing a red/black bet on the European Roulette, the odds aren't exactly fifty-fifty, because of the zero slightly increases the odds to lose the bet. The same goes for Baccarat's player/banker bet, because of the possibility of a tie. Therefore, the system can't run indefinitely, and it should be stopped after a short period.
How the Martingale System Works
1) A player using the Martingale system sets a basic betting unit (ex. $1) and keeps it as long as the bets are winning. (Sticking to the same bet, ex. betting only on Red in Roulette).
2) When the player has a losing bet, he doubles the next bet to make up for the loss. So, if the basic unit was $1, the player will bet $2. If the next bet also loses, the player doubles again to $4.
3) Once the player wins again, he goes back to the basic unit ($1 in our example).
There is also an Anti-Martingale betting strategy, where the pattern is used in reverse and the player doubles after a win, and goes back to the basic unit after a loss.
More about the Martingale
- The origin of the Martingale system is in probability theory, where a martingale means a sequence of random values.
- It's known to have been put to use as a betting system since the 18th century in France.
- It was based on a simple head/tails coin flip.
- The Anti-Martingale approach is more common in the field of financial speculation and stock trade to reduce losses during unprofitable periods.
How does the Super Martingale work?
The Super Martingale gambling system works in exactly the same way as the standard Martingale system, but it adds an extra unit to each bet in order to return a larger profit on larger bets.
As long as you're winning, you keep to a 1 unit stake. Every time you lose, you double your stake to win back your losses, but the Super Martingale system adds on another unit to win an extra profit of 1 unit.
Sequence
The theory may sound complex, but you don't need to understand it - you just need to follow the following sequence of wagers in a losing streak:
1
3
7
15
31
63
127
255
511
1023
2047
4095 etc
Guaranteed profit (?)
As with the Martingale system, you're guaranteed to make this profit, unless you hit a long losing streak. The main problem, of course, is that you are asked to risk a lot in order to win a little.
This gambling system is another favourite with roulette players.
Reality check
But the losses mount even more quickly than the standard Martingale, so the two factors of bankroll and house limits (see Martingale verdict) are even more relevant.
Your wins are greater with the Super Martingale system, so you can achieve a profit much quicker, but hit that losing streak and you'll be gambling with that accumulated profit.
High-risk system
If you're a high-risk gambler who enjoys the thrill of placing large bets for modest returns, the Super Martingale gambling system will suit you down to the ground.
But we would advise you to understand the nature of winning and losing streaks, bear in mind our overall gambling strategy and decide for yourself if you want to take the risk of 7 consecutive losses resulting in a loss of almost 250 betting units.
The Super Martingale system - tested
1. Alternating win (W,W,L,W,L,L,W,L,W,W,L,W)
2. Alternating loss (L,L,W,L,W,W,L,W,L,L,W,L)
3. Consecutive win (W,W,W,L,L,W,W,L,W,W,W,L)
4. Consecutive loss (L,L,L,W,W,L,L,W,L,L,L,W)
5. Good win (W,W,W,W,L,L,W,W,W,W,W,W)
6. Bad loss (L,L,L,L,W,W,L,L,L,L,L,L)
12 units profit
10 units profit
10 units profit
12 units profit
12 units profit
114 units loss