Roulette Betting Systems

There are many betting systems that have both found and lost favor over the generations, and quite frankly when applied to games of pure chance they are either quite useless – or in the worst cases, quite dangerous. Sometimes some people have found that they have for a while been able to increase their winnings by using them. For instance Charles Wells (the man who supposedly broke the bank at Monte Carlo) who used a version of one of the most famous ones won the equivalent of millions of pounds at today’s currency values, however he eventually lost it and a lot more besides.

The major systems that are advocated are:

  • Martingale – which suggests that you should double your bet following a loss until you eventually win
  • Fibonacci – which suggests that you should follow the Fibonacci series 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89… increasing your bet by moving one step to the right when you lose and moving one step to the left when you win
  • Parlay betting – making interlinked accumulator bets so that you bet your winnings on the next bet
  • Paroli betting – reduce your wager following a loss and increase it following a win
  • Labouchere Betting – which attempts to win a predetermined amount by following a predetermined sequence of bets

There are also many more and all of them are flawed. The reason for this is that they are all based on flawed logic. The underlying assumption is that the likelihood of losing a long string of even chance bets is small. There is even an underlying assumption that if you lose a string of even chance bets, then the chances of winning a subsequent bet increases. This assumption is also known as the Gambler’s Fallacy.

Apart from flat betting, the only betting system that works is the Kelly Criterion which determines the optimal bet size for bets that have a positive expected value, and it does not apply to online casinos. Now you have read the tips, pick the best online roulette site to play on by visiting our casino review section.