April 12, 2022 by

Why Gamblers Continue to Use Failed Betting Systems

One of our South African recommended casino, Springbok Casino, has long been opposed to betting systems for the simple reason that they all fail in the long run. There are a lot of betting systems around that far too many gamblers use with the intention of winning through the system. Some systems are quite famous such as the Martingale and the D’Alembert systems. Other systems are offered for sale on the internet.

Betting systems turn online casino gaming into online gambling. They are the diametric opposite of what gaming should be—fun— and what Springbok Casino has always sought.

In our most recent article about Springbok Casino we extolled the casino for going above and beyond to inform and help gamers have fun at the casino, in South Africa, and in their lives in general.

Here, we at Slots Play Casinos will go into some depth on the issue of betting systems in the great hope that we can dissuade gamers from ever trying to get rich quick via a faulty betting system.

All Betting Systems are Get Rich Quick Schemes

They might say that they are just simple systems that help gamers win. This is a misleading way to sell a faulty strategy to gamblers who want an advantage over the casino. There are some ways that gamers can get a slight advantage over the casino.

These methods of gaining an edge over the casino are playing systems, not betting systems. Here is the key difference between the faulty and the true!

There has been extensive study of both blackjack and video poker and the strategy that has resulted from studying millions of hands does give the gamer who uses the best statistical strategy the opportunity to win about 99.5% of the money wagered.

Card counting can give a blackjack player a clear advantage over the house which is why land-based casinos will ask a card counter to leave the casino. Card counting is a skill that some blackjack players have used to win in single-deck games. it is a lot less effective in multi-deck blackjack games.

The proof that betting systems are all get-rich-quick schemes is simply that so many times they “guarantee” success. If a player “has to” win in the long run, it will work whether the base bet is $2 or $2000! Thus, there are gamers who start out betting way more than they should and lose huge amounts of money.

Scientific Sports Betting is Also NOT a Betting System

In sports betting, players can make wild bets such as who will score first and many other similar bets that we urge all of our readers to avoid. Sports bets that can be quantified by statistical analysis have a much better chance of winning. One of the most popular bets in American football is the over-under bet.

If a sports bettor has studied the two teams and has a reasonable look at how a game between these two opponents might go, then an over-under or a straight win-loss bet might have a very large chance of success. Still, no bet on a sporting event is a sure thing.

The Gambler’s Fallacy

This is a false belief that leads a lot of players to follow a system that will cost them money in the long run. The Gambler’s Fallacy simply states that an outcome is “due” if it hasn’t happened in a while.

Betting systems are all based on belief in the Gambler’s Fallacy to some degree. Betting systems deal with winning and losing streaks. The Gambler’s Fallacy deals with how to handle a losing streak.

The Gambler’s Fallacy is faulty simply because there is no such thing as an outcome that is “due” to happen. We might know instinctively that many things are due to happen but we cannot predict beforehand when that outcome will happen.

For example, people in many parts of the world know that at some point in the summer they will have a day or several days of 100⁰ F weather. In Dubai it gets really hot in the summer. But no one can predict with “guaranteed accuracy” when Dubai will have its first 100⁰ F day!

Raise Bets, Reduce Bets, Keep Bets the Same

There are really only three ways to alter or not alter a bet based on the previous bet. The most basic is to make the same bet every time. you don’t need a betting system to do this which is why all of the betting systems claim that you will surely win if you follow their system to raise or lower your bet based on their formula.

The Martingale System

This is the most famous system for raising one’s bet after a loss. The problem with the Martingale System is simple: if you can continue to double your bet after every loss, you will eventually win your original bet. But you might have to make a very large bet in order to win a very small sum.

Let’s say that you start out with a $5 bet. If you lose, you double the bet to $10. If you now win, you win $10 and you lost $5 on the fits bet for a profit of $5. What happens if you lose five bets in a row? Your bets were $5, $10, $20, $40, $80. That is a total of $155 in losses. In order to win $5 now, you have to bet $160!

A lot of players might say that a five-bet losing streak “just never happens”. In fact, it happens pretty often!

Is There a Good System for Online Casino Gaming?

Yes, there is! Here is the Slots Play Casinos “system” for online gaming:

  1. Set time and monetary budgets for gaming.
  2. Bet within your means so the monetary budget lasts the full length of the time budget.
  3. Never throw good money after bad. Accept that losses will occur.
  4. Never drink alcohol while gaming. It decreases inhibitions which, in gaming, means increasing poor judgment.
  5. Learn the rules of every game.
  6. Play in free play mode in order to learn how the game goes before you place real money on the outcome.
  7. Play many different types of games.
  8. Learn the best strategy for the games of skill.
  9. If you go on tilt, stop gaming.

Is There a Good System for Gaming at a Land-based Casino?

Yes, there is!

Play at an online casino!

Yes, we speak in jest. We do support land-based casino gaming but we feel that online casinos have many advantages over land-based casinos.

In any gaming venue. Slots Play Casinos says to play modestly and never follow a “sure thing” betting system.

Come back to SLOTS PLAY CASINOS often for good information and advice on casino gaming.

Jack Marsh Picture
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Jack Marsh enjoys examining the world around him from many different points of view: the mathematical, the psychological, the political, and the philosophical.

He will write from a mathematical perspective on why the cards fall the way they do, from a psychological perspective on why gamblers gamble the way they do, from a political perspective on why forms of entertainment that are encouraged in one place are prohibited in another, and from a philosophical perspective on the nature of happiness ... [Read Jack Marsh full bio]