Tactics online casino, by tacticonlinecasino.com

Archive for August, 2010

Should you vary your casino bets or should you always bet the same amount? Always betting the same amount is called flat betting and betting different amounts depending on the results of previous bets is called progressive betting.

The most famous of all progressive betting systems is the Martindale or variations of it. In the simple Martindale system the strategy is to double your bet every time you lose. For instance if you lose a £1.00 bet on a bet with a 0.5% probability, your next bet will be £2.00, thin if that loses you will next bet £4.00 and so on until you win. If you have an infinite amount to stake and the casino has not upper limits on the bet, then you would win eventually, but when you did you would simply win the equivalent of your initial £1.00 bet.

Of course those are big iffs. Casinos always have rules on maximum bet sizes and if you had infinite funds you would probably be doing something more exciting than reading this article. The problem with Martindale is that although you can almost always win, on the occasions that you do not (you reach the casino maximum or you run out of money) you lose a lot of money.

Compare this with a flat betting system. Say you have £100 and you split it into 100 £1.00 bets. The outcome of your bets will follow a normal probability distribution and over a long period of time you will end up more or less even. There will be times when you are ahead of the game and there will be times when you are behind but over all you will not drift too far from the mean.

Flat betting is a far less risky way of betting than using any progressive system. It means that you are in control of your bankroll and that you can enjoy your time at the casino without having to worry about losing more money that you can afford whist maximising your chances of winning.