Since the first gambling games were invented, players have tried to find ways to win and make a profit. That is how the online betting strategies were developed, in the hope that one of them will be the winning strategy.
Probably there is no person in the world that haven’t played a game of chance, whether is just for fun or to win money. Fact is, everyone that decided to play casino games uses some kind of strategy to increase the chances of winning money. Even those who are playing for fun, use some of the online betting strategies to make their game more exciting.
The reality is that there is no strategy that can beat the casino. If there was, casinos would have been long gone. All the games that are available at casinos and online casinos are games of chance, so there is no way to predict the outcome. That is why there is no strategy that can help you win for sure. The strategies that were developed can only help you improve the chances of winning, and prevent you from losing a lot of money.
Regardless if you are a beginner or experienced player, there is a strategy that can work for everyone. All you need to do is make sure you understand how the online betting strategies work. That is why on this page we explain everything you need to know before you make a decision whether to use one of the online betting strategies and if so, which one would be best for you.
Gambler’s Fallacy
The Gambler’s Fallacy or Monte Carlo fallacy is the most inaccurate belief that spread during the last century. It is a belief that the previous outcome can influence the future outcome. A belief that if a particular event occurs more frequently, it is less likely to happen in the future (or vice versa). This thinking is completely wrong. As we mentioned, when it comes to the games of chance you can’t predict the outcome. It is completely random.
Like for example when tossing a coin. There are two possible outcomes, heads or tails. Both have an equal chance of happening, and you can’t predict the outcome. Even if it was “tails” for 5 times in a row, doesn’t mean that the 6th time will be “heads”. The previous outcome is not related to the future outcome in any way.
The most famous example of the gambler’s fallacy happened in 1913 in a casino in Monte Carlo. This is the reason why is also called the Monte Carlo fallacy. The roulette ball stopped on black 26 times in a row, making gamblers lose millions just because they believed that after a few black numbers, the ball will land on red. That did not happen 26 times in a row.
It is really important to understand the gambler’s fallacy and make sure not to fall for it.
House Edge
The house edge is another thing that you should understand. It is another reason why no betting strategy works perfectly. House edge is a term that describes the mathematical advantage that the house, the casino, has over you. The house edge is the difference between the true chance of a hand winning, and the return offered by the casino. The house edge guarantees that the casino always wins. Yes, you will have some wins and make some profit. But in the long run, the casino will always profit. The odds are in favour of the casino because of the house edge.
The house edge is not something that the casinos set but is embedded into the game. That is why every game has a different house edge, every variant of the games has a different house edge.
For example, the European Roulette and American roulette have different house edge due to the double 00 that the American roulette has. The double 00 reduces the chance for the ball to land on the player’s chosen number. The house edge in European roulette is 2.7027% and 5.2632% in American roulette.
Or for example in Baccarat, the house edge differs depending on whether you’re betting on the banker, player or a tie result to win. It varies between 1.01% – 15.75%. The lower the house edge, the better chances for the player to win.
Types of Online Betting Strategies
As there are many different online betting strategies developed over the years, people needed some kind of classification. This being the case, all online betting strategies were divided into two main groups. Depending on the method the strategies use, they can be progressive or nonprogressive. That way everyone can choose which method they want to use and focus on learning the strategies that fall into that group. Below you can read more about the types of methods and which strategies belong to which group.
Progressive Online Betting Strategies
In this group belong all strategies that require adjusting the size of the stakes. In other words, a progressive strategy is the one where you need to increase or decrease the amount of your bet, depending on the outcome of your previous bet. The adjustment of the stakes depends on the system used.
The progressions can be positive or negative.
A positive progression strategy requires increasing stakes when you win and decreasing the stakes when you lose or restart the progression. The positive progression strategies are less risky since it keeps your losses to a minimum when you are losing. Furthermore, maximizes your profits if you go on a winning streak.
Opposite to this, the negative progression strategy requires increasing the stakes when you lose, and decrease the stakes when you win or restarting the progression. These are riskier since if you go on a long losing streak, you can lose a lot of money. Sure, when you hit that one win, you cover everything you lost plus you make some profit. But no one can predict when will that happen, as it is all up to luck. Plus, the house edge decreases your chances to win and the house has the advantage.
The progressive strategies, both positive and negative, can only work on even odds bets. Even odds bets are those who have a 50/50 chance of winning, like red or black in roulette for example. Even though are used mainly by roulette players, the betting strategies can be used for pretty much every casino game with even chances of winning.
Most popular progressive strategies
Martingale Strategy is a negative progression strategy and is the one most popular, especially for roulette. The strategy requires doubling the bet every time you lose and restarting the progression after a win. Basically, the progression goes as follows: 1 – 2 – 4 – 8 – 16 – 32 – 64 – 128 – 256 – 512 – 1024 – 2048 – 4096 – 8192. Using this strategy at some point, you should have the original bet back, plus some profit. To read more about the advantages and disadvantages of this strategy follow the LINK.
Reverse Martingale is opposite to the Martingale i.e. it is a positive progression. Thus, requires doubling the bet every time you win and restart the progression every time you lose. This is a less risky strategy, as the player takes advantage of the winning streak. But, one loss and you lose all the winnings so far. If you are interested in this strategy, you can learn more about it HERE.
D’Alembert Strategy is similar to Martingale, meaning both are negative progression strategies. When using the D’Alembert strategy, you need to increase the bet after every loss. But unlike the Martingale, where you need to double the bet, with this strategy you increase the bet by one base unit. The base unit is the initial bet amount u determine. Another difference is that when you win, you decrease the bet amount by one unit, you don’t restart the progression.
Fibonacci Strategy is another negative progression strategy and is based on the Fibonacci sequence. The sequence contains a progressive series of numbers. This sequence starts with a zero and then a one, and each subsequent number is the sum of the previous two numbers. So, the sequence goes as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584 etc. Now, when using it for betting, is best to start from the second one. Every time you lose a bet, you follow the sequence. Every time you win a bet, you go back two numbers in the sequence.
Non-Progressive Online Betting Strategies
As opposed to the online betting strategies where you need to adjust the bet, there are the strategies that let you keep your bet amount the same every round and allow you to change it at random. These are called non-progressive betting strategies. These online betting strategies are focused on increasing your winning chances by covering more betting options. Another main difference is that the non-progressive strategies do not focus only on even odds bets, but any bets are possible. With the non-progressive strategies, you keep the same betting amount, even though players sometimes include progression, for example doubling the bet after a win or loss, to increase their possible profit.
Most popular non-progressive strategies
James Bond Strategy
This strategy was named after the famous character James Bond as the agent was playing roulette using this strategy in one of the books. This non-progressive strategy covers more than half of the bets on the table, thus increasing the odds of the game-winning in favour of the player.
For every spin of the wheel, he would place the following bets:
- £14 on 19 – 36
- £5 on the Line bet 13-18
- £1 on 0
So, every time he would bet £20, covering half of the possible bets. The outcomes are as follows:
- If the ball hits 19-36, you win a total of £8
- And if the ball lands on 13-18, you win a total of £10
- If the ball hits the 0, you win £16
- And if the ball lands on 1-12, you lose £20
In any case, the strategy doesn’t require you to play with £20 but can be any amount. Choose your initial bet amount, then split it in the following way:
- 70% on 19-36
- 25% on line bet 13-18
- 5% on 0
The strategy is fun and easy. However, on the downside, it is hard to make a profit, since the winning bet might not cover the entire amount staked, or provide a profit. This is why some players that use this strategy play with progression, and increase the bet after a loss. That is a risky move but sure makes a great profit once you score a win.
Bet on neighboring numbers
Betting on neighbouring numbers is a strategy that requires you to split your bet and place it in three or more numbers that are next to each other on the roulette wheel. Basically, you choose one number that you want to bet on and place bets on the numbers next to it. That way, you increase your chances of winning in case the ball misses the pocket where your number is.
Conclusion
The betting strategies work, but not in a way everyone would’ve wanted. They don’t guarantee success, do not guarantee a win. The online betting strategies somehow help the player limit the losses and improve the chances for a profit, but often is not so big.
For example, progressive strategies. If it is a positive progression strategy helps you limit your losses when you lose after a winning streak. But you can also walk away with the winnings. If it is a negative progression strategy, you might lose more, but one win covers the losses plus you make some profit.
Non-progression strategies on the other hand are more focused on covering more options. Instead of losing on one bet, they cover more bets to improve the chances of winning.
In the end, it is up to you to decide which strategy works best for you.
