WIKI – Betting Systems

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  • Basic Gambling Terms & Phrases
    • Essential Gambling Terminology and Expressions Bankroll A specific sum of money reserved by a player for gambling purposes. Professional gamblers regard this as crucial.
    • Wager A single monetary bet placed on a gambling game. Multiple wagers can be made within a single game.
    • Account Balance The sum of money in a player’s account, available for placing bets and participating in games.
    • Beginner’s Luck New gamblers may experience a series of wins, referred to as beginner’s luck.
    • Bet Max (Maximum Bet/Max Bet) The highest possible wager a player can place on a particular game.
    • Blinds In Hold’em Poker, blinds are mandatory bets, typically consisting of two but occasionally three.
    • Bonus A reward, usually in the form of cash, offered to players to promote continued play and increase the likelihood of winning.
    • Calling To match the current bet, often followed by a bet raise.
    • Chips Tokens representing monetary value, used for placing bets in various denominations.
    • Classic Slots (Fruit Machine) The original slot machines, featuring three reels and often fruit symbols, hence the name “fruit machine.”
    • Dealer A casino employee responsible for distributing cards to players. Remember to tip them accordingly!
    • Deposit The amount of money required in a player’s account to participate in games.
    • Double Down A wager equal in size to the initial bet.
    • Face Cards Cards displaying a face, including kings, queens, and jacks.
    • Free Spins (Extra Spins/Casino Spins) Refers to spins won by a player without payment or as a bonus applicable to specific slots.
    • High Roller (The Whale) A player who spends considerable amounts of money. The definition of a high roller varies across casinos.
    • House Edge A percentage of each bet that represents the casino’s slight advantage over the player.
    • Jackpot The largest prize available in a slot machine or other games, typically found in progressive slots or side bets.
    • Payline A term used in slot machines to describe a winning combination of symbols on reels or lines.
    • Payout Percentage (Return to Player – RTP)
    • The theoretical amount to be returned to players over time as a percentage.
    • Progressive Jackpot A slot machine with a prize that increases progressively with each play.
    • Random Number Generator (RNG) A device that generates unpredictable and random numbers through a multi-stage process.
    • Reel A section, typically a column, where slot symbols align to form winning combinations.
    • Scatter Symbol A symbol in slots that can appear on any line, often triggering free spins.
    • Tapping Out When a player stops playing and betting or loses their entire bankroll.

    Familiarize yourself with these fundamental gambling terms to enhance your experience and gain knowledge as you play. Don’t hesitate to ask questions if needed – soon, you’ll be a pro!

  • Popular casino games

    Casino games are typically played in casinos for gambling purposes, where players wager money or other valuable items on the game’s outcome. These games can be divided into three categories: table games, electronic gaming machines, and random number ticket games.

    Popular casino games within these categories

    Table games

    1. Blackjack: A card game that aims to get a hand value closer to 21 than the dealer’s hand without exceeding 21.
    2. Poker: A family of card games with various rules and hand rankings, but all involving betting and individual play, with the best hand or the last remaining player in the game-winning the pot.
    3. Baccarat: A card game where the goal is to bet on the hand with a total value closest to 9, either the player’s or the banker’s hand. d. Roulette: A game where players place bets on a numbered layout, and then a ball is spun around a wheel with numbered slots; the ball will eventually land in one of the slots, determining the winning bets. e. Craps: A dice game where players wager on the outcome of a single roll, or a series of rolls, of a pair of dice.

    Electronic gaming machines

    1. Slot machines: Machines where players insert coins or tokens and then pull a lever or press a button to activate a spinning set of reels with various symbols; the goal is to get a winning combination of symbols when the reels stop.
    2. Video poker: A game where players try to make the best five-card poker hand possible, with the machine paying out based on the strength of the hand.

    Random number ticket games

    1. Keno: A lottery-style game where players choose numbers and then hope that their selected numbers match the numbers drawn by the casino.
    2. Bingo: A game where players try to match numbers drawn by the casino to numbers on a card in a specific pattern, such as a straight line or a full card.

    Many casinos also offer other forms of entertainment, such as live shows, restaurants, and bars, to complement the gaming experience. Online casinos have also gained popularity, allowing players to access casino games from the comfort of their own homes.

  • Betting system formulas

    Betting systems are strategies used by gamblers to manage their bets and increase their chances of winning. These systems often involve adjusting bet sizes based on the outcome of previous bets or following a specific pattern. It’s essential to note that no betting system guarantees success, and the odds of casino games always favor the house in the long run. Here are some common betting system formulas:

    1. Martingale System: Formula: Bet size = Base bet * 2^(number of losses) The Martingale system is a negative progression system where you double your bet after each loss. When you win, you return to your base bet. The idea is to recover all previous losses with a single win, but this system can lead to significant losses if you experience a long losing streak.
    2. Fibonacci System: Formula: Bet size = Base bet * Fibonacci(number of losses) The Fibonacci system is another negative progression system based on the famous Fibonacci sequence (1, 1, 2, 3, 5, 8, 13, …). In this system, you increase your bet size following the Fibonacci sequence after each loss. When you win, you move two steps back in the sequence.
    3. Labouchère System: Formula: Bet size = First number + Last number in the sequence The Labouchère system is a negative progression system where you start with a sequence of numbers (e.g., 1, 2, 3, 4). Your bet size is the sum of the first and last numbers in the sequence. If you win, you remove those numbers from the sequence. If you lose, you add the bet size to the end of the sequence. The process continues until you clear the sequence or reach your maximum betting limit.
    4. Paroli System: Formula: Bet size = Base bet * (2^(number of consecutive wins) – 1) The Paroli system is a positive progression system where you double your bet after each win, up to a predetermined number of consecutive wins (usually 3). After reaching the maximum number of wins or after a loss, you return to your base bet. The idea is to take advantage of winning streaks while minimizing losses.
    5. D’Alembert System: Formula: Bet size = Base bet + (number of losses – number of wins) The D’Alembert system is a flat progression system where you increase your bet by one unit after a loss and decrease it by one unit after a win. The aim is to find a balance between the number of wins and losses, hoping that a win will eventually cover the losses.

    Remember, these betting systems cannot overcome the house edge in casino games. While they may be useful for managing your bankroll and adding some excitement to your gambling experience, they do not guarantee long-term success.

  • Favorite casino players

    Many professional gamblers and poker players have gained popularity and recognition for their exceptional skills and success at the tables. Here are some of the most famous and favorite casino players:

    1. Edward Thorp: Edward Thorp is a mathematics professor and the author of the groundbreaking book “Beat the Dealer,” which introduced card counting techniques in blackjack. He is considered the father of card counting and has influenced many gamblers to use math and statistics to gain an edge over casinos.
    2. Phil Ivey: Phil Ivey is one of the most accomplished poker players in the world, with multiple World Series of Poker (WSOP) bracelets and millions of dollars in winnings. He is known for his calm demeanor, sharp instincts, and all-around skills in various poker games.
    3. Doyle Brunson: Doyle “Texas Dolly” Brunson is a legendary poker player and author of the seminal poker book “Super/System.” He has won multiple WSOP bracelets and is considered one of the pioneers of modern poker.
    4. Daniel Negreanu: Daniel Negreanu, also known as “Kid Poker,” is a Canadian poker player who has won several WSOP bracelets and World Poker Tour (WPT) titles. He is known for his friendly personality, excellent reading skills, and consistent success in poker tournaments.
    5. Stu Ungar: Stu Ungar, known as “The Kid,” was a gifted poker and gin rummy player. He won three WSOP Main Event titles and was considered one of the greatest No-Limit Hold’em players of all time. Unfortunately, his career was cut short due to his struggles with addiction, and he passed away in 1998.
    6. Phil Hellmuth: Phil Hellmuth, nicknamed “The Poker Brat,” holds the record for the most WSOP bracelets won. He is known for his emotional outbursts at the table and his exceptional skills in poker tournaments.
    7. Vanessa Selbst: Vanessa Selbst is a highly accomplished poker player with multiple WSOP bracelets and millions in tournament winnings. She is considered one of the best female poker players in the world.
    8. Archie Karas: Archie Karas, a Greek-American gambler, is famous for “The Run,” a period between 1992 and 1994 when he turned $50 into more than $40 million in a legendary winning streak. His story is one of the most remarkable in gambling history, although he eventually lost most of his fortune.

    These are just a few examples of popular casino players who have made their mark in the world of gambling. Each of them has a unique story and set of skills that have contributed to their success and fame.

  • How do players find the best online casino slots?

    Players can find the best online casino slots by researching reputable online casino websites, reading reviews from other players, and checking the payout percentages of different slots. Verifying that the online casino is licensed and regulated is also crucial. Learn more about it in this article here.

  • What is a live casino online?

    A live casino online is an online gambling platform that provides games hosted by real-life dealers, streamed live to players’ devices. This offers an immersive, interactive experience akin to a physical casino, but accessible from anywhere. Learn more about it in this article here.

  • What is a blackjack strategy chart?

    A blackjack strategy chart is a tool that presents the optimal decisions to make in every possible blackjack scenario, based on the player’s hand and the dealer’s up card. It’s designed to reduce the house edge and increase a player’s chances of winning. Learn more about it in this article here.

  • What does a Roulette table look like?

    A roulette table features a spinning wheel with numbered pockets ranging from 0 (and additionally 00 in American roulette) to 36, and a corresponding betting layout where players can place their bets on various outcomes. The layout is divided into sections for different types of bets such as individual numbers, groups of numbers, red or black, even or odd. Learn more about it in this article here.

  • How to win in blackjack?

    Winning in blackjack involves understanding the game’s basic strategy, which guides you on when to hit, stand, double down, or split based on your cards and the dealer’s up card. Additionally, managing your bankroll wisely and knowing when to quit can help maximize your winnings. Learn more about it in this article here.

  • Can you play for real money in online casinos?

    Yes, you can play for real money in online casinos. After setting up an account and depositing funds, players can wager and potentially win real money, just like in a physical casino. Ensure the online casino is licensed and regulated for safe and fair play. Learn more about it in this article here.

  • How do you understand if it is a top online casino?

    Several indicators, such as a valid license, good reputation, wide selection of games, robust security measures, fair and transparent practices, and efficient customer support can identify a top online casino. Positive player reviews and high payout rates are other signs of a high-quality online casino. Learn more about it in this article here.

  • What are online casino bonuses?

    Online casino bonuses are incentives provided by casinos to attract new players or retain existing ones. These may include welcome bonuses, deposit bonuses, free spins, cashback offers, and loyalty rewards, each with specific terms and conditions. Learn more about it in this article here.

  • How to find the best online casino in UK?

    To find the best online casino in the UK, look for platforms that are licensed by the UK Gambling Commission, offer a wide variety of games, have good customer reviews, robust security measures, and generous bonuses. Also, consider the quality of their customer service and the range of payment methods available. Learn more about it in this article here.

  • Is there a specific poker online casino that only offers poker play?

    Yes, there are specific online platforms specializing solely in poker, providing a variety of poker games and tournaments. These platforms, such as PokerStars, focus on offering a comprehensive poker experience for both beginners and seasoned players. Learn more about it in this article here.

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