Betting strategies are methods or particular strategies in gambling that help in increasing the profit or making a substantial profit while gambling. Betting strategies perform statistical analysis on the house odds, house edge and the system to calculate the best possible means to increase the chances of either winning, making a profit or booth.
Statistically, no betting system or a gambling strategy can produce or promise long-term profit, due to the changing house odds from one game to another. But some of the betting strategies mentioned in this article, will aid in producing long-term profits.
It is a progressive betting strategy that is aimed at increasing the chances of winning by doubling the stakes on every hand. Many of the sports betting strategies are also employed using this method.
For instance if you wager 10 dollars on the first hand, and you lose, then you wager $20 on the second hand and if you fail even this one, then you wager $40 on the next hand. The pattern is basically doubling the money on the previous bet. In case you win, then you make up for all the losses in the previous to bets.
Fibonacci series is a series of number which runs like 0, 1,2, 3,5,8,13,21,34… and so on. This sequence is used in many of the different strategies from hurricanes to galaxies. Two consecutive numbers are added together to form the series For instance, you bet $1 on the first hand and lose the hand, then in the next round, you would raise the stake to two dollars.
If you lose the next round again, then the stake is increased to 3 dollars and then 5 dollars. This strategy is reminiscent to the above-mentioned martingale strategy but can only be applied for the draw results when the probability is above 2.6.
Fixed wager betting
Although the above mentioned betting strategy sounds a bit complex, it is still used by the pro-gamblers and Millenials. But if you find those systems complex and complicated then fixed wager betting is an easier strategy to follow. As the name suggests, this strategy encourages betting with a fixed amount, regardless s of the amount you win or lose. This will give you a chance to keep the same amount without giving a chance to blow it all off.
Although this system is popular, it is not suitable for all as you’re restricted to choose the amount for betting.
Even though the above three strategies are the most popular of all the betting strategies, there exists other strategies which are not so popular, like
- Card counting for card games
- Hand capping for all sports betting
- Kelly criterion strategy
- Split martingale strategy
- Anti-martingale strategy
- D’Alembert system
- Oscar’s grind
Depending on your comfort and the level of expertise in the plan, and other reforms, it is your choice to choose the ones that work the best for you.