Betting Systems?

elspecia · 03-12-2010 1:13am #1

Hey all I've been doing a little reading on betting systems and probability.

And I've come across one that states backing an "Evens" team until they win will result in profit. The basics of the system says that you keep doubling your bet until you win.

So for example

You back a team to win @ evens, with a €1 bet.

If the team wins, you win €1 and get your €1 stake back thus your up €1

But you back a team to win @ evens, €1, and they lose, you are now down €1.

So now back another team @ evens with a €2 bet.

If they win you get you €2 stake back, €2 winnings, thus your up €1

Am I the only one who doesn't see any major fault. I know if your teams lose 7 in a row you will have to pay a lot of money to continue your bet, but if you choose to bet smaller stakes it reduces the risk by a big way.

Cavehill Red · 03-12-2010 1:14am

Google 'Martingale system' to understand why it doesn't work.

starbelgrade · 03-12-2010 1:15am

You're not going to get rich fast with €1 bets.

thesandeman · 03-12-2010 1:17am

LOLZZZ

sorry but just lolz.

Tubberadora · 03-12-2010 1:17am

It can only work with unlimited money, and if the bookie has no max bet or max payout.

elspecia · 03-12-2010 1:19am

starbelgrade wrote: »

You're not going to get rich fast with €1 bets.

But if you invested €20 on the first bet, or if you did it on roulette

If you did it on roulette would it not mean the speed at which you play and win\lose would be faster.

€1 bets on roulette, you could make at least €10 an hour if you had sufficient funds in you account

SugarHigh · 03-12-2010 1:20am

OP whats more likely, you have come across a system to fool a multi-billion euro industry or you have come across just another flawed betting system?

If someone does come up with an effective betting system why would they tell you?

Dravokivich · 03-12-2010 1:23am

elspecia wrote: »

But if you invested €20 on the first bet, or if you did it on roulette

If you did it on roulette would it not mean the speed at which you play and win\lose would be faster.

€1 bets on roulette, you could make at least €10 an hour if you had sufficient funds in you account

er... roulette has the worst odds for winning. Blackjack has a better chance of paying out, but you really need to know how to play it.

There is no such thing as a perfect betting system and betting should only be done with money you can afford to lose....

AnonoBoy · 03-12-2010 1:24am

I got a betting system that always works:

1. Set up a Bookie's
2. Profit.

Works every time baby.

Sincerely,

Paddy Power.

High energy · 03-12-2010 1:25am

elspecia wrote: »

Hey all I've been doing a little reading on betting systems and probability.

And I've come across one that states backing an "Evens" team until they win will result in profit. The basics of the system says that you keep doubling your bet until you win.

So for example

You back a team to win @ evens, with a €1 bet.

If the team wins, you win €1 and get your €1 stake back thus your up €1

But you back a team to win @ evens, €1, and they lose, you are now down €1.

So now back another team @ evens with a €2 bet.

If they win you get you €2 stake back, €2 winnings, thus your up €1

Am I the only one who doesn't see any major fault. I know if your teams lose 7 in a row you will have to pay a lot of money to continue your bet, but if you choose to bet smaller stakes it reduces the risk by a big way.

My god, I think you've uncovered something big here!

chin_grin · 03-12-2010 1:25am

https://www.youtube.com/watch?v=ebacoqX-I6k

elspecia · 03-12-2010 1:29am

SugarHigh wrote: »

OP whats more likely, you have come across a system to fool a multi-billion euro industry or you have come across just another flawed betting system?

If someone does come up with an effective betting system why would they tell you?

Well what I've read isn't exactly what i've posted just something similar, I think the alteration I made seem to make it work a little better, in terms of using it on roulette.

The big problem with using it on roulette is, if it gets past the 8th spin your putting a lot of money on and potentially emptying your cash reserves

P.S with regards to betting on roulette you back red or black, not numbers

CrazyRabbit · 03-12-2010 1:29am

Novelty bets are the way to go.

I always make money from X-Factor, Pop Idol, Britains Got Talent etc. With a little research, it's possible to determine the winner with considerable accuracy. If you do it quickly enough/well enough, you can get in before the bookies start reducing the odds as the finalists become more obvious.

In the last few years, I've made approx €900 in total from this...most of that when Diversity beat Subo. I'm getting more confident each year, and am increasing the size of my bets. I stand to make just over €240 on X-Factor this year.

elspecia · 03-12-2010 1:31am

High energy wrote: »

My god, I think you've uncovered something big here!

By any change is there a hint of sarcasm in that?

DJKendo · 03-12-2010 1:32am

[ ] Op is a degenerate gambler

[x] Op has no clue about betting

ArmaniJeanss · 03-12-2010 1:35am

The very first reply in the thread, telling you to look up The Martingale System for an explanation of what your scheme is and why it is doomed to failure. That is all you need to do.

AnonoBoy · 03-12-2010 1:35am

elspecia wrote: »

Well what I've read isn't exactly what i've posted just something similar, I think the alteration I made seem to make it work a little better, in terms of using it on roulette.

The big problem with using it on roulette is, if it gets past the 8th spin your putting a lot of money on and potentially emptying your cash reserves

P.S with regards to betting on roulette you back red or black, not numbers

No I'd say it's exactly the same. The only difference is in your head.

But feel free to go out there and try this system and report back to us with your progress!

elspecia · 03-12-2010 1:36am

DJKendo wrote: »

[ ] Op is a degenerate gambler

[x] Op has no clue about betting

I think harsh since I've figured it works better on roulette betting on colour outcome, it's not going to result in millions but if you have enough money in you cash reserves you can win money.

wingsof daun · 03-12-2010 1:41am

CANNOT work! Most of the time, an evens shot in a bookies has under a 50% chance of winning, so you are going to end up having a lot more losers than winners after a while. After a while, a number of these 1/1 shots will get beat in a row, and eventually, you will not have enough money to double your stake, or else you will have to risk a huge amount.

blogga · 03-12-2010 1:42am

Best betting system is to send your money direct to Paddy Power. Just donate it. You don't have to wait around to lose it. Think of all the time you save and the tension you avoid.

Mr Benevolent · 03-12-2010 1:44am

Don't go there OP. I've tried loads and every single one was going to be the one that made me rich. None of them did, and I cut my losses before they got too big. Believe me, you're no different. People have had the same thought for thousands of years.

elspecia · 03-12-2010 1:45am

AnonoBoy wrote: »

No I'd say it's exactly the same. The only difference is in your head.

But feel free to go out there and try this system and report back to us with your progress!

I've gotten my brother to try it on Ladbrokes free play and so far his up 5 play money after 2 minutes so it seems to work but then again if I were to start this I for sure wouldn't have €200 in my account unlike his 200 play money

orourkeda · 03-12-2010 1:45am

The only sure fire way to win at gambling in the long term is to become more knowledgable and luckier than the person taking your bets.

There is no dream system and there are so many facets to successful gambling that there is little surprise that roughly only 2% of gamblers win in the long term

SugarHigh · 03-12-2010 1:45am

CrazyRabbit wrote: »

Novelty bets are the way to go.

I always make money from X-Factor, Pop Idol, Britains Got Talent etc. With a little research, it's possible to determine the winner with considerable accuracy. If you do it quickly enough/well enough, you can get in before the bookies start reducing the odds as the finalists become more obvious.

In the last few years, I've made approx €900 in total from this...most of that when Diversity beat Subo. I'm getting more confident each year, and am increasing the size of my bets. I stand to make just over €240 on X-Factor this year.

Another easy thing that is easy to predict is what christmas toy will be big this christmas. The Kinect is sold in shops at $150 but is now sold out and on ebay for $350.

Easy money if you can get to enough shops in time.

Cavehill Red · 03-12-2010 1:46am

orourkeda wrote: »

The only sure fire way to win at gambling in the long term is to become more knowledgable and luckier than the person taking your bets.

There is no dream system and there are so many facets to successful gambling that there is little surprise that roughly only 2% of gamblers win in the long term

And crucially, they quickly get their accounts limited by bookies, or are blacklisted entirely, and end up having to place bets by proxies, if they can bet at all.

elspecia · 03-12-2010 1:49am

ArmaniJeanss wrote: »

The very first reply in the thread, telling you to look up The Martingale System for an explanation of what your scheme is and why it is doomed to failure. That is all you need to do.

Yeah I've just finished reading it there myself, especially the roulette section and now I understand how it works, or in fact how it doesn't work ha ha

But if you had €10,000 to blow it might just work but then again that would only work if the online casinos didn't have limits

Dravokivich · 03-12-2010 1:50am

elspecia wrote: »

I've gotten my brother to try it on Ladbrokes free play and so far his up 5 play money after 2 minutes so it seems to work but then again if I were to start this I for sure wouldn't have €200 in my account unlike his 200 play money

remember you can reset play money after losing it without costing you anything...

also red / black on roulette...

50/50 does not mean it's always going to be 1 or the other after each spin...

Trust me.. I've seen nutbugs lose thousands in casino's within 15 minutes. Roulette should not be on your mind at all if you want to try and profit from betting. There is no system to a random spin.

Don't do online casino's either...

elspecia · 03-12-2010 1:52am

Cavehill Red wrote: »

And crucially, they quickly get their accounts limited by bookies, or are blacklisted entirely, and end up having to place bets by proxies, if they can bet at all.

Yeah isn't that incredibly unfair that bookies are able to do that, stop people who happen to have beaten them at there own game:mad:

orourkeda · 03-12-2010 1:52am

wingsof daun wrote: »

CANNOT work! Most of the time, an evens shot in a bookies has under a 50% chance of winning, so you are going to end up having a lot more losers than winners after a while. After a while, a number of these 1/1 shots will get beat in a row, and eventually, you will not have enough money to double your stake, or else you will have to risk a huge amount.

Thats true. The odds are calculated in such a fashion as to either guarantee a profit for the bookie or to help minimise their losses in a sticky situation.

There are very few bets that are exactly 50\50. However, if you take a situation where this arises, instead of offering the true odds (i.e evens on both possible outcomes) you will find that they will offer something like 20\21 or 10\11 on both parties so that can guarantee themselves a percentage profit provided that all bets are spread pretty evenly on both outcomes.

Bykobap · 03-12-2010 1:54am

Draws are priced at 2/1 at worst. Keep chasing that if you can. Simple, double up your previous losing stake and keep at it.
1. e10... no draw
2. e20... no draw
3. e40... no draw
4. e80... no draw
5. e160... no draw
6. e320... no draw
7. e640 and team finally draws @ 2/1 = 1920
10+20+40+80+160+320+640=1270
1920-1270= e650 profit and nobody to talk to.

Tubberadora · 03-12-2010 1:56am

my local casino has an outside min bet min of 5 quid and max of 50. So basically lose 4 in a row using this system and you are down 75 and can't get it back with one spin

Betting Systems?

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