Betting strategy
From Wikipedia, the free encyclopedia
Betting strategies or betting systems are approaches to gambling intended to increase the odds of winning. Systems are designed to produce long term profits from activities that are often loss making.
There are many types of systems for various types of gambling including:
- Card games - Card counting
- Roulette - Martingale
- Horse racing - Hedging, Arbritage
- Sports
[edit] Independent Events
The following betting strategies have been recorded as being applied to games which operate on independent events. For such games, the odds of a particular outcome are identical for every bet played. No such strategy can beat the house edge (if any) in the long run, and all of them trade off many small wins for a big loss or vice versa.
- Martingale - doubling bet after each loss until a win is achieved (or fails when the amount of the bet becomes excessive)
- Kelly criterion
- Split Martingale
- Anti-Martingale
- d'Alembert
- Contra d'Alembert
- Regression
- Paroli of Three
- Sleeping Cheval
[edit] Horse racing systems
Horse racing betting systems are based on a number of criteria, some of which include analysis of the horses form.
Often horse racing systems are based on financial systems such as Hedging (betting on multiple outcomes in a race) and Arbritage (lay the horse a low price and back it at a high price).
Other horse racing systems exist which are based on items such as Horse name, Jockey Form, Trainer form, Lane draw.
Modern horse racing systems can rely on specific betting possibilities only offered on betting exchanges.
Loss recovery systems such as Martingale can also be applied to horse racing.
