Gambling has always fascinated us, humans. From ancient times until now there hasn’t been a change or development that has stopped us from enjoying it. Gambling is something that everyone loves and wants to try at least once in their lives. There are so many types of betting games out there. Some play the lottery hoping they win big, there are sports betting sites where people bet on real events such as sporting events and other things that are important to them, then there are also casinos where gamblers gamble at tables, slots, roulette wheels or even the dice. Let’s see below the different gambling strategies used by legends.
The Martingale Strategy
this strategy was first introduced by the great gambler John Scarne (1894-1973). He invented a system whereby he believed that his losses would eventually be covered up by his gains. This strategy involves doubling your stake when you lose money. For example, if you have $10 and lose half your stake you would use a double-up strategy and place another $20 on the table. If however you win you would take half of your total winnings and put it back in again. So for example you start with $10 and win $20, you would keep $5 of your winnings and place another $15 on the table. You continue doing this until either all your money is gone or you have achieved a profit. When this happens, you can stop using this strategy because it will guarantee you a profit no matter what. However, most professional gamblers don’t use this strategy. They know that if you do this over and over again, you’ll eventually lose all your money.
The Sure Handicap System
this method was developed by Jack “The Manassa Mauler” McDonald who was known for winning millions of dollars in poker tournaments. His goal was to make sure that he had a guaranteed profit in any situation, especially when playing against an opponent who might be stronger than him. To achieve this he made bets according to how much money he felt like losing. It starts with each player having the same amount of chips. Then one person makes a bet which means that they feel like their luck isn’t going to turn around anytime soon, and the other player decides whether or not to match their wager. If they decide to match, then both players have equal amounts of chips remaining. In other words, the first player keeps making bad decisions which result in more money being taken away from them and the second player does the same thing. As time goes on neither player loses anything but the loser ends up with less money than before they started. The winner ends up with more money and has a better chance of winning. If you’re interested in learning more about this strategy, we recommend checking out our article on ‘How to Beat A Strong Poker Player’.
The Edge Strategy
this strategy is based on the idea that some people are just naturally lucky while others aren’t. Some people may be better at finding patterns in numbers, symbols and colours while others may be better at analyzing situations intuitively. This strategy is very popular among beginner gamblers who want to learn how to beat the odds without investing too much effort into studying statistics. According to this strategy, you should focus more on getting ‘lucky’ rather than focusing on maximizing profits. Essentially, this strategy is similar to the Martingale Strategy except that instead of doubling after every loss, you increase your stakes by only 10%.
The Paroli Strategy
This strategy uses a combination of two strategies together – the Martingale Strategy and the Sure Handicap Method. According to this method, you always double your bet after losing so that you never end up with a negative balance. In addition to that, you also choose how much money you think you are going to lose before starting. If you guess right, you get to keep your full initial investment plus whatever money you were correct about. If you guess wrong, however, you pay back everything you’ve lost as well as put up additional funds depending on how far off you were.
The Doubling Down Strategy
in the game of blackjack, this is called doubling down. It’s a strategy used to maximize your potential profits. Basically, after placing your first hand on the table, you can decide whether or not you want to double it, depending on what the dealer is showing. For instance, if the dealer shows an Ace and a King, you would know that there’s a high probability that the next card will be another king. Hence, if the dealer is showing an ace, you could potentially benefit from doubling your bet (provided, of course, that you haven’t already hit).
In conclusion, choosing the best strategy depends largely on the type of gambling you plan to do, the number of hands you play per day, your budget and how experienced you are at gaming.