The Truth Behind The Limits – What Minimum and Maximum Bets Are About

Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that. So they restrict your possibilities to win.

It was in 1654 that Antoine Chevalier de Mere asked Pascal why he usually lost when he bet even money that are double, 6 would show up at least once in 24 rolls of two dice. Pascal demonstrated that 24 rolls would be against the gambler, but 25 rolls would be slightly in his favor.

Pascal solved the question, and sent the solution to Pierre Fermat and Christian Huygens. The science known as Probability Theory was born. Up to then gambling odds were found by trial and error. Pascal, however, was able to calculate the odds of chance in a scientific way.

But if one knows the odds he can find the way to trick them. Since that time people also began developing the schemes to beat the system. A good deal of the systems is build around increasing each consecutive bet as anticipation of winning grows, known as martingale systems. So gambling establishment elaborated a simple method shut out a game transformation in to jump with bets, where a resource-sufficient player was practically “doomed” on winning. Maximum bet has its limits.

In any world casino each table, be that roulette, blackjack or poker, features signs clearly defining minimum and maximum rate of bets on a given table. A difference between them can be in 10, 30 or even in 100 times. But nowhere to you will be allowed to multiply your bets without restriction.

Please pay attention, that the very existence of maximum bet limits proves that a system, founded on bets augmentation principle, threatens the success of the casino. Take any table in regular or even on-line casino. For example the one, on which minimum bet is $25, and maximum one is $1000. Why do you think you are not allowed to bet more than $1000 at once? Do you believe they won’t have money to pay out? Or do they fear, that you will win and take your money home? But in VIP-halls of the same casino you can make a bet of $2000 or even $10000! And if you have specially requests you try negotiating with the administration to satisfy them. Most casinos have more than enough resources to meet any bet of yours.

The deal is about the correlation of maximum and minimum bets. So, in case the maximum is set at a $10000, the minimum bet will rarely be less than $250. The idea is to limit your double bets to certain number of times depending on the game. Usually you want be able to double more than 5 times. Otherwise your odd of winning become impermissible high.

In the Eighteenth century, Jacomo Casanova hit upon a method to win at gambling. Each time he lost, he would redouble his bet until he won. In letters he wrote to the friends, he discusses how his martingale system would guarantee his win every time. And mere two days later, he wrote a letter from prison. The scheme had failed — and series of losses overcame his funds, and he was now in debt. In 1755, after suffering ruinous gambling losses and participating in various illegitimate dealings, Casanova was denounced by the Venetian State Inquisitors and imprisoned beneath the lead roofs of the Venetian Ducal Palace, in place known as the “Leads”.

Gambling Poker Players – Bringing The Risk Factor To Light?

Poker being basically an American game has various ways to be followed to play. These days there is a huge variety of poker software games to play. In all the cases the user is engaged in the gamble played using the poker software.

The users who play poker mortgage their money in order to meet their needs. This becomes the reason for many people to invest money in this though they face a high risk of losing it.

In order to keep yourself from wasting all the money gambling, you should have certain limitations. As an initiative before initiating the game, a limitation should be established in such a way that the limitation is followed till the game comes to an end.

During the gambling match one must not drunk and then get set for the game or play when one feels exhausted. The above mentioned factors bring down your involvement in the gamble. Of course gambling match depends basically on the talent of dealing with the cards and not merely luck.

One must never forget that he is not supposed to lose the stuffs gained by gambling. If you have completed the game, you can just move out of the area. Do not stay for a long time even if you can. One may be put in a position to lose the gained money or even gain more money by gambling again.

One must know the general rules for challenging something in the gambling game before playing the gambling poker. If you are not aware of the rules of the game you may be put in a very bad situation, provided you play the game without any idea of gaining or losing your wealth.

There are various methods to go forward in a gambling poker. The methods may be easy or even difficult.

Positive progression betting system is generally used in the gambling poker. Use of this method to proceed with the game helps the player to increase the gains in gambling. The system of playing the game involves investing fewer amounts and can easily lead you to victory.

Negative progression systems also come under one of the methods of gambling poker. The gamblers can add more value to the challenge when the person stands a chance of losing or winning the bet. This system involves more investment but promises the probability of less victory than the previous method. Losing a gamble can be too disastrous.

Another method of playing is insurance betting method wherein a person can reduce the value of the bet when he wins. This victory can be preceded by a primary challenge.

You should be aware of the rules of the game so that one can understand the things that go on during the game.

Besides knowing the types of games, it is also required to know the fundamentals of gambling poker. Your knowledge about them helps you to restrict your gamble to your limitations.

The proper knowledge of the restrictions and the types of game, the various card permutations, the fundamentals of challenging is very important before playing the game. One must also know about the devices used there. One can enhance their knowledge of the game and enjoy it if one does the above mentioned particulars.

One must also remember that gambling pokers are not the right option for the people who are in a look out for a pleasurable work to do. The gambling poker can prove to be a task that inhibits more of tension than satisfaction.

Amarillo Slim commented that poker was a game of public. He also remarked that it was not the hand of cards that mattered but the people he was playing with.

How the Reverse Labouchere Roulette System Works

The Labouchere Roulette System is one of the famous roulette systems used by gamblers around the world to rake huge profit at the casino. The formula is designed to let gamblers exit the game with winning. One of disadvantages of the system is you may be dragged into a long loop if you face consecutive losses during your unlucky moment. Experts have modified the system and come out with a slight variation that becomes quite famous in its own right; the system is called The Reverse Labouchere Roulette System. Let’s explore how this system works:

Much like the original Labouchere Roulette System that uses a series of numbers in a line to decide how to bet following a win or a loss, where you eliminate the number in the line when you win and you add the number to the line when you lose, the reverse system does the opposite where you need to add number when you win and eliminate the number in the line when you lose.

Under the strategy of the Reverse Labouchere Roulette System, you have to decide the amount of money that might possible loss so that you never go overboard, while the strategy allow you to maximize the possible winnings which are only limited by reaching the maximum bet allowed on the roulette table. With these 2 facets combined, this betting system enables you to limit your losses while maximising your winnings.

Let’s use an example to see how the Reverse Roulette Labouchere System works:

1. First, decide your afforded possible losses per cycle, let’s assume the amount is $30.

2. Then, develop your Labouchere betting line. If you would like to play a less risky game, then develop a longer line, with smaller numbers such as 2-2-2-2-2-3-3-4-4-6; else if you would like to play a shorter, more aggressive game, simply make a shorter line with bigger numbers, such as 5-5-10-10.

3. Once you have developed the betting line, you can start bet on the game.

Let’s assume you are using the line of 2-2-2-2-2-3-3-4-4-6.

In our example, the Labouchere strategy requires you to add up the first and last numbers of the line that are 2 and 6, so your bet amount is $8 and bet on your favourite 50/50 bet at Roulette (Red/Black, Even/Odd and Hi/Lo).

If you win, simply add the number of the amount you just wagered, in our case is 8 to the end of the line and the line will become 2-2-2-2-2-3-3-4-4-6-8. On the other hand, if you lose, then cross out the number in the line that you combined to make your last bet, in our case is 2 & 6 and the line becomes X-2-2-2-2-3-3-4-4-X. Simply repeat the process until you have crossed out all the numbers or you have reached the table limit and you can’t make further bet.

If you have crossed all the numbers in the line, then your have reached the possible losing amount, in our case is $30. If the line is getting longer, meaning that the more money you have won.

Summary

The Reverse Labouchere Roulette System is a modified version of it original strategy that needs you to decide your possible losses upfront so that you won’t go overboard while it maximizes your winning potential that only limits by the maximum table limit.

101 Gambling Tips For the Avid Gambler

While many of the gambling facts you may have picked up in Las Vegas can be useful in online gambling it’s important that you realize there are some critical differences. But with a knowledge of the facts surrounding your chosen game, and armed with some gambling tips from experienced online players, you will find online gambling not only a fascinating and exciting adventure bit also an opportunity to turn your gambling hobby into a profitable venture.

Critical Rules for Every Game

1. Never chase after your losses. Don’t increase your bets because you’re losing and want to get even; only increase your bets as part of a pre-determined strategy.

2. Don’t gamble at any game that you don’t understand. Learn it first.

3. Don’t gamble and drink at the same. It’s hard enough to win at gambling even without dulled senses.

Money Management – General Guidelines

4. You will lose more often than you win and the longer you play the more likely that fact is. And it’s true whether you’re talking about hands of blackjack, rolls of the roulette wheel or throws of the dice.

5. The key to winning is to maximize your wins and to minimize you losses.

6. Learn and memorize the odds at the particular game you have chosen to play as well as the best strategies to use in an effort to maximize your winnings at that particular game.

7. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.

8. If you’re playing against other players online this is doubly important. The minute you start gambling with “dear” money the other player will sense your heightened stress and play accordingly – often bullying you out of a bet because they know you are more tentative with your “dear” money.

9. Set a stop loss amount and stick to it. Divide your total gambling bankroll into four separate amounts. Divide each of those amounts into four smaller amounts. If you lose one of the smaller amounts, change tables or games or just take a break. If you lose your entire first allotment, stop gambling for the day.

10. Be disciplined and avoid the gambler’s demise of going into your next allotment because you feel like your luck “just has to turn around.”

11. Plan ahead. When you start a gambling session determine the amount that you want to win (be realistic) and when you reach that point put the money away and walk.

12. When you are winning, draw some money occasionally from your gambling bankroll and put it into a “do not touch” bankroll to protect that portion from further risk.

13. No money management system will ever overcome the house advantage over the long term. You will always lose more often than you win. The key is that you must win more big bets and lose more small bets.

Money Management – Positive Progression Systems

14. A Positive Progression System is one in which you increase the amount of your bets when you win and decrease the amounts of your bets when you lose. To use this system properly you must establish a “standard” betting unit.

15. Your “standard” betting unit should be a comfortable percentage of the gambling bankroll that you will be working with for a particular gambling session. For example, if your session’s bankroll is $100, you might make your “standard” betting unit $10.00. This way you would be able to play at least 10 betting events before running out of funds even if you lost all 10 events in a row.

16. These systems allow you to win relatively large amounts during a hot streak while helping to minimize your losses during cold streaks.

17. A common example of this strategy is to add one-half of the amounts you win to your next bet. For example, at blackjack if you win a hand with your “standard” betting unit of $10.00 you would add $5.00 to the bet on the next hand for a total bet of $15.00. If you win that hand you would add $7.50 to the $15.00 for a bet of $22.50 on the next hand. When you eventually lose a hand, return to your “standard” betting unit of $10.00 on the next hand and start the system all over. Of course in practice these increases of 50% will be approximate.

18. Another more complicated system is to always keep your bankroll divided into a certain number of units and then bet one unit on each event. As you win, your total bankroll becomes bigger so each unit will grow and you’ll be betting larger amounts. As you lose, your units, and bets, become smaller.

19. Establish a system for drawing some of the winnings from your gambling bankroll occasionally to put it into your “do not touch” bankroll. For example, when you double your bankroll you might take one-half of the winnings to put into the “do not touch” bankroll. If you experience a long winning streak using a Positive Progression System the winnings can grow dramatically.

Money Management – Negative Progression Systems

20. A Negative Progression System is one in which you increase the amount of your bets when you lose and decrease the amounts of your bets when you win. Again, to use this system properly you must establish your “standard” betting unit.

21. The most common negative progression system is the Martingale System. Here you double the amount of your bet if you lose and return to your “standard” betting unit when you win. For example, at blackjack if you bet $10.00 and lose you would bet $20.00 on the next hand. If you win that hand you would then reduce your bet to the “standard” $10.00 bet for the following hand. In all gambling, the Martingale system will always fail in the long run.

22. This system can be very frustrating because during a hot streak you are winning only your “standard” betting unit. And during cold streaks you are continually losing bigger and bigger amounts.

23. Remember, draw some money occasionally from your gambling bankroll winnings and put it into a “do not touch” bankroll.

Playing Roulette

24. American roulette is one of the worst casino games that you can play because the house advantage under standard rules is 5.26% or higher.

25. European roulette offers a lower house advantage under standard rules of 2.7% because there are fewer slots with only one “0” as opposed to the “0” and “00” in American roulette.

26. All bets on in American roulette give the house an advantage of 5.26% with one exception: the “0”, “00”, 1, 2, 3 combination bet gives the house a much larger 7.89% advantage.

27. All roulette betting systems rely on the inaccurate assumption that the result of previous spins can predict future results. Unless the system is defective or fixed, each spin carries the same odds as every other spin.

28. The most popular betting system at roulette is the negative progression system known as Martingale (see #17). As in all other games, the Martingale used in roulette will always fail in the long run.

29. Because of the heavy house advantage if you are playing not just for amusement but to win money you might as well take a shot at the higher payoff bets and hope that you get lucky.

30. Try a modified positive progression system at roulette. Divide the amount you are willing to lose at one roulette session into 35 “standard” betting units. Pick one number and bet one unit on that number (must be at least equal to the table minimum bet). Continue playing one unit on that same number until you either win or run out of your 35 unit bankroll. If you win, bet two units on the same number and continue betting two units on that number until you either win or lose your bankroll. If you win again, walk away!

31. Roulette is a relatively slow moving game compared to other online games, so it should take you a longer time to lose your bankroll.

32. Do not play roulette as a way to win money; the odds are too heavy in favor of the house. Play roulette only as a way to have fun and pass the time without losing a lot of money quickly.

Playing Baccarat

33. Baccarat is one of the easiest casino games to play and offers a relatively low advantage to the house of just 1.06%.

34. There may be as many as 12 to 14 players at a table, with the role as dealer passed around the table much as the dice are passed around a craps table.

35. All players may bet on each hand and the bets are either on the “player”, on the “dealer” or on a tie. With the exception of the tie bet, baccarat is much like betting heads or tails on the flip of a coin.

36. Neither banker nor player can make any decisions regarding play; the rules of the game stipulate what must be done with every hand and a house “dealer” supervising the game will direct the play accordingly.

37. Winning bets on the player or the dealer both pay even money, minus a 5% commission paid either at the time of the bet or when the player leaves the table.

38. Winning bets on a tie usually pay 8 to 1, again minus a 5% commission.

39. In an 8-deck game, the house advantage is slightly less for a “banker bet” and dramatically higher for a “tie bet”, so it seems most logical to bet only on the banker.

40. As in all online gambling, card counting is meaningless because the deck(s) is usually shuffled after each hand in baccarat.

Playing Blackjack

41. Blackjack offers one of the lowest house advantages at around .60%, but expert players can actually create situations where the player has an advantage.

42. For the serious player there are many complex strategies that require time and dedication to master.

43. Never just sit down cold at a table. Blackjack tends to be a game of streaks, so watch a table for a few hands to determine if it is a hot or cold table for the players.

44. A “soft” hand is a hand with an Ace that can be counted as either a 1 or an 11 in value and still keep the hand’s total at 21 or less.

45. A “hard” hand is a hand with an Ace that must be counted as 1 in value in order to keep the hand’s total at 21 or less.

46. A beginning or social player should stick to the generally accepted rules of the basic blackjack strategy.

47. Never be afraid to take a card that might bust you. Always play the odds; don’t let the fear of a bust stop you from taking a card when you know it’s the option with the highest probability of success no matter how small that probability may be.

48. Read one of the many excellent books on counting cards if you are serious about blackjack and willing to spend a lot of time practicing and perfecting your play. As in all online gambling, card counting is of little value because the deck(s) is usually shuffled after each hand. In blackjack, however, with many players at a table it may be beneficial for that one hand.

Playing Blackjack to Win – The Best Moves

49. Always split Aces and 8s as the odds are good that the two new hands will be dramatically better than either the soft 12 or hard 16.

50. Stand with a hard 12 or higher when the dealer is showing a 4, 5 or 6. The odds are good that the dealer may bust on the next card or that you will bust if you take another card.

51. Take a hit on anything below a hard 17 when the dealer is showing a 7 through an Ace. Don’t be afraid to bust!

52. Always double your bet when you’re dealt an 11.

Playing Blackjack to Lose – The Worst Moves

53. Never split 10s because you may very well be trading one excellent hand for two mediocre or bad hands.

54. Never take insurance since the odds significantly favor the dealer. Even if you’re holding a blackjack on the hand yourself you will be trading a high probability of winning a 1.5 to 1 payout in exchange for a guaranteed even money payout.

55. Never stand with a soft hand that totals less than a soft 17.

Playing Craps

56. Craps is an entertaining and fast paced dice game that offers some of the best odds for players, as low as a 1.41% house advantage and even lower for some bets.

57. Craps can be a very complicated game so if you are going to be a serious player read and absorb a good systems book.

58. Establish a “standard” betting unit that is lower than your “standard” betting unit in most other casino games because in craps it’s easy to get a lot of money on the table quickly during a long roll.

Playing Craps to Win – The Best Bets

59. If you just want to enjoy the game but play like you know what you’re doing, try a very simple strategy starting with a new roller.

60. The Don’t Pass line offers relatively good odds with just a 1.40% house advantage.

61. The Pass Line also offers relatively good odds with just a 1.41% house advantage.

62. Place a minimum amount of your “standard” unit bet on either the Pass Line or the Don’t Pass Line and save the majority of the unit to “take the odds” after the point is established. In doing this you will get true odds on that backup bet with no house advantage at all.

63. Place a bet on the six or the eight in dollar amounts that are a multiple of six. The house advantage on this bet is only 1.52% and if the number is rolled you’ll win $7.00 for every $6.00 you bet.

Playing Craps to Lose – The Worst Bets

64. All of these bets offer impressive payouts but even those high payouts are not enough to offset the big house advantage.

65. The “Any 7” bet, where you bet that the next roll will be a 7, provides the worst odds on the table with a house advantage of almost 17%.

66. The “Any Craps” bet, where you bet that the next roll will be a 2, 3 or 12, also offers bad odds with a house advantage of just over 11%.

67. The “Hardway” bets and the “Big 6” and “Big 8” bets are also poor odds with a house advantage of from 9% to 11%.

Playing Texas Hold-‘Em Poker

68. The more players there are at the table the higher the odds that at least one other player has a strong pocket hand, so be more cautious with your pre-flop betting.

69. Be careful betting a high pre-flop card unless you have a good kicker as well.

70. Determine early the types of players at your table – aggressive or cautious – and remember and adjust your determinations throughout the game.

71. At games where notes are allowed make a note on any player whose tendencies you identify. You may see them later at another table.

72. Bet or raise with a good hand; don’t let other players get free cards that might make their marginal hand into a strong one.

73. Don’t be predictable. Vary your play to confuse your opponents as to whether you are an aggressive or cautious player.

74. Don’t bluff often and try to establish a cautious reputation at the table so that when you do bluff your opponents will think you must have a good hand and be more reluctant to call your bluff.

Playing Slots – The Facts

75. The payback percentages for online slot machines are generally better than the payback percentages in live casinos.

76. The numbers revealed on a spin of the wheels on a slot machine do not show up in any order. The numbers are being selected constantly, not just when the handle is pulled. The numbers to be displayed on the wheels are randomly selected at the instant that the handle is pulled or the spin button is pushed.

77. It’s impossible to tell when a machine is about to hit.

78. A machine can go for very long periods of time without a significant jackpot or it could register several large jackpots in a row. It’s all random selection.

79. The number of coins you choose to play affects only the amount of your bet; it does not influence the selection of the numbers.

80. Slot machines can be set with different payback percentages as well as different hit percentages.

81. Payback is the percentage of the money bet that the machine will return to the players over the long term. It usually ranges from 75% to as much as 99%.

82. The hit percentage is the percent of the time that the machine will payout some money on a spin. This can vary widely, from under 10% to over 90%.

83. Machines that are set to pay off frequently will usually have more small payout amounts and fewer large jackpots.

84. Machines with a high hit percentage (those that are set to pay off frequently) are normally referred to as “loose” slots.

85. Machines with a low hit percentage (those that are set to seldom pay off) will usually have more large jackpots and few small payout amounts.

86. Machines with a low hit percentage (those that are set to pay off infrequently) are normally referred to as “tight” slots.

87. There is no universally accepted “good” slot machine; it depends on the individual player and whether he would prefer many small payouts or a chance for one large jackpot.

Playing Slots – Strategies

88. Because of the random nature of each individual machine no gaming strategy will work over the long run on slots.

89. Before you start a gambling session on slots determine the amount you want to win and resolve to withdraw your cash when you reach that goal.

90. Choose an online site that does not have a wagering requirement that must be met before you can withdraw your money.

91. With all other factors being equal, choose the online site that offers the biggest bonus to new players.

92. Because the house has an advantage in slots, playing with small bets for long periods is a sure-fire strategy to lose.

93. The key to improving your odds of winning lies in knowing which type of slot machine to play.

94. When selecting a slot to play, avoid those with huge jackpots; the best odds of winning lie in the machines with small jackpots because their most frequent payoffs will be of medium size.

95. Play only on small jackpot machines that offer as many beneficial bonus features as possible.

96. Look for machines that offer wild symbols as well as multipliers to improve your odds of winning.

97. Look for slots offering second-screen bonuses or free spins to improve your chances of winning.

98. Look for slots offering what is known as the “gamble” feature where your wins can be gambled for double-or-nothing for as many as five times.

99. When you reach your pre-determined target for winnings STOP and cash in your chips.

Finally, there are two critical rules to all gambling, including online gambling, that you must follow and these rules bear repeating:

100. Never gamble with “dear” money; only gamble with “excess” money. In other words, never gamble with money that you will need, or may need, to pay your everyday living expenses.

101. Set a limit to the amount of money you are willing to lose, and can afford to lose, and stick to it.

Understanding The Difference Between D’ Alembert And The Martingale Strategies

 If you have read about betting systems before, you will quickly recognize the similarities between the D’ Alembert and the Martingale strategies.

These roulette systems are designed to help players boost their winnings and give them a systematic plan to win back their losses by using only Even-Money bets.

There is, however, one very important distinction between these two, which is perhaps one reason why some casino players prefer using the D’ Alembert system.

The main drawback of the Martingale method is that you would need to play at roulette tables with no betting limits and have unlimited funds. This is because the strategy requires players to double the bet size following a losing bet.

The effect of doubling up every time you lose is that the stake size required to win back the money from a losing bet will grow exponentially with every losing bet.

This is where the D’ Alembert system is much more attractive.

In this betting system, whenever you lose a bet, you only need to increase your next bet by one unit, not twice a much. Plus every time there’ s a win, you will lower the next bet amount by one unit to lower the amount of money needed to recover should you lose the upcoming bet.

Let’ s use another example to compare these two betting systems. Let’ s assume we use $5 as our base bet (Martingale) or middle number of our sequence (D’ Alembert) with a total bankroll of $100.

Now, let’ s imagine that we lose four bets in a row. If we were using the Martingale strategy, we would have spent ¾ of our total bankroll by now ($75) and we would not be able to place the next wager because we have reached our bankroll limit of $100.

Using the D’ Alembert system, we would have spent only $26 of a total of $100 bankroll and we could afford to lose up to 8 bets in a row before hitting our bankroll limit.

This is what makes this system so attractive, but it comes at a cost.

The Problem with the D’ Alembert System

Despite what we have mentioned before, you must bear in mind that the D’ Alembert strategy is not perfect either. It’ s very important to mention that this strategy is based on a gambler’ s fallacy.

The problem with this strategy is that it assumes that players are more likely to win after losing a bet and they’ re more likely to lose after winning.

The problem with this is obvious; each spin has exactly the same odds of being red or black despite the result of the previous spin(s).

Regardless of this shortcoming, many players claim this method provides them with a systematic gambling system that allows them to achieve good results.

In conclusion, the D’ Alembert method represents an excellent opportunity to limit the risk of going bankrupt while allowing casino players to secure good profits.