Success in any market is about taking advantage of price movements. The trick is to identify the opportunities when they occur, and bet accordingly.
Let’s take the example of roulette. Earlier I said that the best way to win at roulette is to have a system. That’s not entirely true. You can have a system that gets you to win some of the time, and almost guarantee you will win more than you lose. However, even a system is useless if it is flawed. And they are usually flawed which is why they lose money.
According to David Parker of the Column Five Group, a betting system in roulette is no better than having a lucky charm. The Column Five Group’s research into roulette showed that although using a system does improve the odds at the Column Five Group a person will still lose more money that using random number generation. Parker concluded that any money won from Column Five’s system would eventually lose it’s value due to the negative noise created by the random number generators.
Parker took over $2 million using this system in 2004. In February 2006 he admitted to losing almost a million with the system. He soon Cosnesed up to luck when he found a betting system on the net that would guarantee him a profit from roulette every time. Due to this he quit his job and introduced his “Dewagg systems” into the market in order to give himself a method to use and profit from online casinos. He has since made over $1.7 million.
Because roulette is a game of probability it is possible to exploit the inefficiencies of the game and use the limitations to your advantage.
For example, you are playing roulette on an American table. There are 38 numbers on the wheel, as opposed to the European table with 37 numbers. Because the numbers are placed in a random order, you have a 38% chance of hitting your bet. This means that if you bet on red or black, odd or even, high or low, you have an equal chance of hitting the bet.
However, the most successful method on how to profit from roulette involves what is known as the “no to back, no lay betting option”. This simply involves not betting on any colors, or on any numbers, or even on whether the ball will be placed on an even or an odd spot.
When you take the let to back or lay bet, you are simply placing a bet on the same number for the next spin, but you do not bet what the ball will be, you are betting on whether you will win or lose.
When you bet on a black number, you possess a 27% chance of winning, however when you bet on the red, you possess a just a 1% of winning. It is like the coin flip, if you placed a bet on black, you win if it comes up heads, but you lose if it dons heads. The bet on red is considered a no win, so you win your bet if the ball lands on any other spot, but lose if it lands on black.
The strategy takes a lot of practice before it will make you a regular winner. The best place to start is at the free tables. When you feel confident enough, play the house for fun. Place the bets you are comfortable with, and above all, have fun.
A system is not something you invented, it was developed in practice many times, and decades, and thousands of games ago. It is the proof of living and lets face it, you have nothing to be ashamed of in my opinion.