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February 15th, 2011

Both traditional and online casinos have a mathematical advantage over gamblers and should always win over time. Individual players may win but the greater the overall volume of betting the better the chances for the online casino. People are always coming up with systems and strategies that they believe will give the edge that they are looking for. Over time no betting system will will consistently produce returns. The casino has too much of an advantage and compensates for weaknesses. If someone did come up with a true working system no one else would find out about it. There are some online gambling systems that are widely used and they do have some validity as far as extending your bankroll. This is true for both land based and online casinos. The most widely recognized of these strategies is the Martingale betting system.

The Martingale betting system is a doubling betting strategy. It is sometimes known as a reverse regression or loser’s strategy. This system is played in even money games such as roulette or blackjack where the player doubles his money when he wins. In these systems a gambler doubles his bet after each loss. With this strategy a win would erase the losses of all previous games plus win the gambler back his original stake. Since a gambler with infinite money would eventually win this system is sometimes thought of as a sure thing. Over time this system will in fact bankrupt the gambler because no gambler possesses infinite wealth and the bets grow exponentially. Extended losing streaks will quickly wipe away all profits. After the sixth consecutive loss the gambler would need to bet 128 times his original stake or $640 in order to win back his previous bets on a five dollar original bet. It is thought that betting limits at tables are used to control this system. These limits are actually in place to protect the casino from large losses on a hot run.

Roulette will be used as an example. In roulette if you are betting only red or black, you will win 46% of the time. You will lose 54% of the time. The idea of the Martingale system is to overcome these odds. If you were betting just black or red you would eventually lose all of your money. Consistently doubling your bets will effectively wipe out several of these losses and move the odds into your favor. There is just a 10% chance of losing 3 rolls out of three. This would translate into losing three in a row. There is only a 1% chance of losing six out of six. This all makes sense as long as you don’t hit that long run of losses.

There are websites selling betting systems but none will work over time. The cancellation betting system is also known as the Alembert system. It is a more complicated betting system that works as long as you win and lose the same amount of times in even money game. You will not win a lot using this system but you will play for a long time.

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February 13th, 2011

Caribbean Stud Poker is one of the more popular table games in casinos. Caribbean Stud Poker is similar to regular five card stud poker except that you play against the house, there are different betting rules and there is a progressive jackpot available. Casinos looking to capitalize on the popularity of poker came up with a table game called Caribbean stud. The game originally did not have a progressive jackpot, once it was added the popularity of the game soared. This was the first online casino game to have a progressive jackpot.

The rules of the game are simple Caribbean Stud Poker Is easy to play. Each player places an ante or initial bet on a designated spot on the table. Anyone who places an ante then has the option to participate in the progressive jackpot. This is done by placing a chip on the designated spot on the table. The dealer will then place the chip in a slot that activates the progressive jackpot light for that player for the hand. All players and the dealer will then receive five cards face down. The dealer will turn over one of his own cards first, then he will push the players cards toward the players, they may then look at their cards. Knowing what cards the other players have increases a players chance, therefore you cannot look at the other players hands.

Once the players see the dealers card they are given the option of playing or folding. If they choose to play, they place another bet that is twice the size of their ante in the spot on the table labeled “Bet.” If the player chooses to fold, they lose their ante. After all the players have made their decisions, the dealer reveals his hole cards. The dealer only plays with an ace/king or higher. The dealer then compares their cards to the other player’s cards and the player’s hands that beat the dealer’s hand wins.

The easiest strategyis to play Ace/King and all pairs or higher, and to fold all lower hands. Using this strategy the online gambling house holds an edge of 5.31% on the ante bet. The ante bet pays even money when the player beats the house or when the dealer does not get at least an ace/king and does not play. If the dealer does not get a hand to that he can play against the player the players hand does not matter, they only win their ante bet.

When the dealer is playing the player collects at the following payout rates. If the player wins with a pair or lower they will be paid 1 to 1. If they win with two pairs they will be paid 2 to 1. If they win with three of a kind they will be paid 3 to 1. If they win with a straight they will be paid 4 to 1. If they win with a flush they will be paid 5 to 1 plus $50 from the progressive. If they win with a full house they will be paid 7 to 1 plus $100 from the progressive. If they win with four of a kind they will be paid 20 to 1 plus $500 from the progressive. If they win with a straight flush they will be paid 50 to 1 plus 10% of the progressive jackpot and if they win with a royal flush they will be paid 100 to 1 plus 100% of the progressive jackpot.

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