Much to the chagrin of players, gambling systems as a whole fail to beat casino games with house advantage. Dice and roulette balls have no memory, crap toss and every roulette spin is independent of any previous toss or spin. Some system could work in the short run, but all of them would eventually fail.
Hordes of gamblers have created gambling systems that attempt to exploit the gambler’s fallacy by wagering the opposite way of recent outcomes. This is known as “gambler’s fallacy.” For example, waiting for four blacks in roulette and then betting on red. Conmen sell “sure things” get-rich-quick gambling systems, all of which has gambler’s fallacy as its foundation. None of this system work.
A common gamblers’ fallacy is called the ‘Monte Carlo fallacy’, it falsely assumes that each play in a game of chance is not independent of the others and that a series of outcomes of one sort should be balanced in the short run by other possibilities. A number of ‘gambling systems’ have been conceived and created by players based mainly on this myth; casino operators are just too happy to allow the use of such gambling systems and to exploit any player’s overlooking the firm rules of chance.
The number of ‘guaranteed’ systems, the propagation of myths and fallacies concerning such gambling systems, and the innumerable individuals believing, spreading, venerating, defending, and swearing by gambling systems are legion.
The Martingale is one of the most popular gambling systems. The Martingale is generally played with even money game such as the black/red wager in roulette or the don’t pass/pass wager in craps. The basic philosophy is that by doubling the bet after a loss, player would always win enough to cover all past losses plus one unit. For example, if a player begins at $10 and loses five bets in a row, winning on the sixth, the player would have lost $10+$20+$40+$80+$160 = $310 on the fifth losing bets and won $320 on the sixth bet. The losses were all covered and had a profit of $10. The problem is that it is easier than you think to lose multiple bets in a row and run out of money before a player can double up.
The Internet is chock full of people selling systems with promises of thumping the casino at games of luck. Under no conditions should any player waste one dime on any gambling system. Any gambling system that has been put through a computer simulation has failed. But when you ask a gambling system salesman about this, they would probably reply “In the real world nobody plays millions of trials in casinos.” He’d probably tell you that hisr system works in real life, but not when used against a computer simulation.
Gambling systems have been around for as long as gambling has. No gambling system has ever been confirmed to work. Gambling system salesmen go from one selling one kind of system to another. It is a cutthroat business by which they take ideas from one another, and are always trying to rework old gambling systems as something new.
This article was written by Alexis.
Tags: gambling systems