The following online gambling systems are useful for money management when betting online.
Positive progression betting systems: These types of money management systems are where you increase your bet when you win. Also known as ‘let it ride’. These types of systems are the favorite of many casino gambling players mostly because they do not require a large bank roll. They are usually used to take advantage of winning streaks.
Negative progression betting system: These types of money management systems are where you increase the bet win you lose. These systems require a larger bank roll. They are mostly used to force a winning outcome after a losing streak. Most casino gambling players consider these types of systems to be very risky and nerve wracking. Avoid them if you can.
Insurance betting systems: These types of money management systems are when you decrease the amount of your bet when you win, usually following a high initial bet or even when following short ‘let it ride’ progressive wins. This type of system is playing it safe.
- Gagnante Marche System
- Parlay System
- Paroli System
- Martingale System
- 1-3-2-6 System
- D’Alenbert System
- Labouchere System
- Reverse Systems
As you have probably already guessed, this system gets it’s name from an old French saying. It is translated and known today as the ‘Hot and Cold’ system. You might also know by now that gamblers are known for saying that gambling is all a matter of streaks. While it is true that there will be times when it seems like the shooter at the crap table will go on and on without rolling that seven. It is also true that there are times when it seems none of the shooters can make a point. If only we could be in on a streak from the get-go and bet them until the end, if this were the case, gambling and making money would be a piece of cake (your favorite cake).
However, too many times the player will find that they are in fact in on the wrong side of the streak by betting with the shooter when the table is cold and vice versa. Often times, before the player has time to even figure this out, the streak will be just about over. It is rare enough that the player might be lucky enough to switch sides quick enough to win back the money they lost thus far.
What the hot and cold system promises to do is make sure that the bettor will always catch these streaks from the very beginning. It comes through on that promise too. The trick is to bet on the side that won last. For example, at the roulette wheel, if black came up on wheel on the last spin, bet black the next spin. If red comes up instead, you immediately change your wager to red. It is thought that sooner or later a streak will develop and when it does, you will be there from the beginning.
The major issue with this system is what happens while you are WAITING for this streak. When there is no streak the wheel, the cards, the dice, whatever, will have wins on both sides mixed together. You will be caught in a blender during this time. Most definitely, in the end, you won’t win any more money than you would have won guessing.
It is used quite often when betting on horses. Quite simply you make a bet and if you win you reinvest your winnings on your next bet. When you do this you ‘let it ride’.
While this system is not free of risk, it offers the least amount of risk of all wagers because the the player is only concerned with either a win, place, or show selection or a combination of the three.
It is one of the oldest methods of wagering.
This money management betting system is a positive progression betting system. You increase the bet when you win.
This system is quite the opposite of the Martingale system. You may even hear some gamblers refer to it as the Anti-Martingale system. Using this system you start with one bet and you increase your bet when you win instead of when you lose.
A plus to using this system is that you do not need a large bankroll. This system will let the profit run and cut short your loses.
This betting system is a negative progression system. It is also known as the Double-Up System.
The Martingale system is a very old system and very easy to use. It is based on the premise of losing an infinite amount of times in a row and is mostly applied to ‘even money’ bets.
You start with one bet. If you win, you begin again with one bet. If you lose, you double the last bet you lost. Eventually you are bound to win. When you do win you will recover all your lost bets plus one unit profit against your initial wager.
In theory the Martingale system is iron clad. Using this system requires a substantial bankroll and the return is very low. This would make the Martingale very risky because of maximum bet limits that are imposed by most casinos. If you reach the house limit and run out of money you will lose a lot of money and have no chance to recover your loses.
In this positive progression money management system the name pretty much says it all. This system has many things in common with the Paroli System. It is based on the idea that you CAN win 4 times in a row.
When you apply this money management system your first wager will be 1 unit, the second wager will be 3 units, the third wager will be 2 units, and the fourth wager will be 6 units.
For example, if each unit represents $20 and the odds are 1 to 1: even money. The first bet will be $20. If you win, $20 is added to the $40 on the table making the second bet $60. If you win again on your second bet, there will be $120 now on the table. From the $120 you will now remove $80 leaving the third bet to be $40. If the third bet wins again, you will now have $80 on the table. You will now add $40 to it making the fourth bet $120.
If you win again on the fourth bet, there will now be a total of $240 on the table, this is all net profit. You then take all the bet down and start the system over again at $20. Each time you lose (at any level), you will start over again with the original betting amount of $20.
Now, if you lose on your first bet, your loss will be $20. A loss on the second bet will then be $40 (remember you added another $20). If you lose again on the third bet, you will have a net profit of $40 (remember you took down $80 dollars after the second bet). On the fourth bet, a loss would leave you breaking even (remember you put back $40 of the $80 you took down).
The allure to using this system is that by risking $40 you have the chance to win $240 net profit. Basically, you can lose six times at the worst level of betting, and with only one win (four in a row/complete cycle) you will win your money back.
This money management betting system is a negative progression and Insurance system. It’s basically a combination of Martingale and Insurance systems.
You raise your bet one unit after each losing bet and you lower your bet one unit after each of your winning bets. The sequence and amount you raise or lower can be changed to fit different games and odds.
Insurance betting is a system where you decrease the amount you bet when you win, usually following a high initial bet or even following a short ‘let it ride’ progressive win. This type of betting is playing it safe. It is a good compromise.
This Labouchere money management system is a negative progression system. It is also know as the ‘Cancellation’ system. There are many different variations for the Labouchere system. With it’s most basic form, you write down a series of numbers; for example, 1 2 3 4 5 6. You can have a long or short series and it doesn’t have to be sequential; for example, 1 1 4 4 7 5. You adapt your choice of a particular series depending on the type of game you are playing and the odds of the bet.
Each number represents the amount in units that you are betting. You bet the first and last number. Using the above example that would be the 1 and the 6, which totals 7 units.
If you win, you then cross out the two numbers and you bet the next two outside numbers. Again using the above example the numbers would be the 2 and the 5. If you win again you bet on the next two numbers the 3 and the 4. If you win that too, you have completed one game (aka ‘coup’).
If you lose, then you will add that one number to the end of the series. For example, you lost the first bet of 7 units (1+6). Then you would add the number 7 to the end of the series (ie: 1 2 3 4 5 6 7) and your next bet would then be 8 units (1+7). Now, if you won the first bet but you lost the second 2 and 5 , then this is what the series would look like: 2 3 4 5 7.
If you take time to think about it, you will understand that the series is completed, there is always a profit. The down side of this system is that you might end up betting large sums of money even if you start with a small bet.
The reverse gambling system is said to the most strangely ingenious of all money management systems. Basically, you’re thinking, “Well, all of the other systems don’t work, you’re right. I’m convinced. By using these systems I will lose. Hey wait, I know how to make money from them. Since I will lose by following the system, what if I do the exact opposite of what the system is calling for. This way I will have to win.”
The concept of the reverse system can be used with most of the systems we provide right here on this site.
For instance, using the reverse Martingale (or any other progressive system) would require you that you increase your your bet after every win and decreasing your bet after every loss.
A reverse D’Alenbert would would involve increasing your bet one unit after a win and decreasing your bet one unit after a loss.
A reverse Labouchere means crossing off off the two outer numbers each time you lose and increasing the size of your bet to the end of the row every time you win.
What the reverse system lover does not understand is that the system they are following is NOT what caused their loses. The system may rearrange the pattern of losses. Ultimately, any systemis really irrelevant to the long-run losses of the player. Those losses don’t come about because the system. They come about because of house percentages. Over a period of time, a system player’s net losses will be exactly same as they would be if the player had made uniform size wagers on the same bets for the same total amount. Loss is simply a function of the amount wagered and the the house edge.
There is one thing in favor of the system that is rather important when applying it to the various progressives. Because progressive systems require wagering more money when you are winning, they are much better than systems like the Martingale. The martingale requires you to bet more when you are losing. Betting progressions, whether they are positive or negative, won’t change the long term results of your gambling, they can have major short term results, though.