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10 Betting Strategies That Work (At Least Some of the Time)
Many mathematicians have tried and failed to create the perfect betting strategy. Each betting system has its shortcomings no matter how badly someone tries to convince you that their strategy is guaranteed.
But does this mean that all betting strategies are total junk?
No, some strategies do have merit and provide short or even long-term results. The only catch is figuring out which betting systems are worth using.
et�s discuss 10 wagering strategies that work. Some of these systems only work on specific games like baccarat or roulette, while others can apply to any casino game.
1. Betting 2% or Less of Your Bankroll
A common scenario for casual gamblers is to walk into the casino with around $200 dollars and make bets between $10 and $25.
This seems harmless in theory, if you�re gambling with expendable income. But the problem is that you�re very likely to run out of money this way.
One good idea that comes from sports betting is only risking 2% or less of your bankroll on any given wager.
Professional and serious amateur sports bettors do this to minimize their short-term risk. But you can really apply this system to any casino game.
HERE�S AN EXAMPLE:
- Your bankroll is $2,000.
- 2% of your bankroll is $40.
- You can place bets worth $40 or lower.
Pros of Betting 2% or Less of Your Bankroll
The biggest benefit to wagering 2% or less of your bankroll is that it keeps you in the game. You�re not risking chunks worth 5. 20% of your bankroll like most players.
This is helpful in any casino game from blackjack to Caribbean stud poker. But it�s especially useful in skill-based games like daily fantasy sports (DFS), poker, and sports betting.
The reason why is because skill-based games are prone to more streakiness than house-banked games. In these games, it�s common to experience long dry streaks that make you question if they�ll ever end.
The best way to get through them is by risking small amounts of your bankroll on each wager. Furthermore, you�ll dramatically lower your risk of ruin.
Cons of Betting 2% or Less of Your Bankroll
The first problem with this system is that most players don�t have a large enough bankroll to only wager 2% or less per bet. Under this system, you�ll need at least $1,000 in just to make a $20 wager (2%).
Professionals can afford to be disciplined like this because they have large bankrolls. But if you�re just a casual blackjack or craps player, you probably don�t walk into the casino with thousands of dollars.
Another downside is that some players find that this system doesn�t offer enough action. These same players may like varying their wagers from big to small depending upon how lucky they feel.
But, as long as you have a large enough bankroll, this system is definitely worth using.
2. The Martingale
The Martingale betting strategy has two things going for it:
- It�s easy.
- This system will theoretically provide a profit every time.
The Martingale calls on you to double bets after every loss. The goal is to always win back your losses and earn a small profit in the process.
You should also make even-money bets with the Martingale in order to simplify things and minimize your risk.
- You bet $10 and win (+10).
- You bet $10 and lose (0).
- You bet $20 and lose (- 20).
- You bet $40 and lose (- 60).
- You bet $80 and lose (- 140).
- You bet $160 and lose (- 300).
- You bet $320 and win (+20).
- Next bet returns to $10.
Pros of the Martingale
The Martingale�s best aspects include its ease of use and how it can theoretically be successful.
As long as you have the funds to continue doubling bets after losses, you�ll eventually win back your money. You�ll also book small profits along the way every time you win.
The Martingale is one of the best systems for those looking for consistent short-term profits.
Cons of the Martingale
The Martingale�s downside is that it�s an extremely risky strategy. You�ll be betting far more than your original wager after 5 to 6 losing wagers.
This can make you hesitant to pull the trigger on the next double bet. Even worse is that your bankroll will vanish if the losing streak continues.
Another problem is that casinos impose table limits to prevent wealthy gamblers from the using the Martingale to the fullest. Otherwise, Mark Zuckerberg ($56 billion net worth) would always win with the Martingale because his bankroll would likely never run out.
You�ll eventually run into a losing streak that�s long enough to hit the table limit. In this case, you take a big loss because you can no longer double wagers to win everything back.
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