From Martingale to D’Alembert: What Can Sports Bettors Learn From Roulette Betting Strategies?

RouletteWhen it comes to roulette and other casino games, there is a large degree of luck involved that will ultimately determine whether a player lucks out or takes home the jackpot. However many professional gamblers will tell you that there is some skill that can be applied to roulette, and that comes in the form of betting strategies. While changing your stakes doesn’t influence the outcome of any one game or spin, it can improve your chances of walking away with a profit at the end of the night. These betting strategies, which take into account the chance aspect of the game, can also provide valuable lessons for a sports bettor.

How to Bet on Roulette

The chance element of the game is one of the reasons why roulette has remained so popular since its inception in 1655. There is no way to predict where the ball will land – which keeps the excitement with the game. A player’s success can depend largely on what kind of bet the player is making. Outside bets (high/low, red/black etc.) have higher odds of winning (at 1-to-1) – so a lower payout – and can benefit from riskier strategies than the straight-up bets of a single number (which range from odds of 35-to-1 to 37-to-1 depending on the version of roulette). The payout formula can be calculated at payout = 1/n (36-n) = 36/n -1 where n is the number of squares the player is betting on.

The Martingale Method

The Martingale method – originating from 18th century France – revolves around the idea of doubling your bet following a loss. So if you lost $5, you’d bet $10 on the next spin. The idea is that you make back your losses through an eventual win – and for outside bets, with greater odds of winning, the chance of winning back your losses is high enough to consider this a feasible strategy. In his 2016 book The Perfect Bet: How Science and Maths are Taking the Luck Out of Gambling, Adam Kucharski states that the Martingale system does in fact have scientific grounds, and some claim can be seen in almost everything around us. It was popular in high-society France as supporters claimed those with great wealth would be unlikely to lose when using it, while detractors were skeptical that there was a guarantee of winning eventually. While the Martingale method can be used for sports betting, ideally for even money line bets in sports such as AFL or NRL, the flaw in the system is that punters don’t have unlimited bankrolls. Eventually, you could find yourself chasing your losses to levels that you cannot afford, so do not attempt to mimic this as a long-term winning strategy.

The Labouchere Method

The Labouchere method, also called the cancellation system or split Martingale, has its roots in the Martingale strategy. The player begins by deciding how much money they want to win, say $150, and then separate that into numbers that add to that total, e.g. 10, 20, 30, 40, 50. Then, they add the first and last number (60) and that makes their bet. Should you lose, you add 60 to the end of the sequence and continue (i.e. your next bet would be 10+60=70). If you win, you remove the winning numbers from the sequence until you’re down to just one number. If that bet wins, then you’ve won your sequence. The roulette strategy states that eventually you should win back your losses, and while it’s another feasible betting strategy for sports betting, it poses similar risks to the Martingale system in pushing punters beyond their limits.

The D’Alembert Method

The D’Alembert is often cited as one of the more reliable betting strategies, and involves increasing your bet following a loss in smaller increments than Martingale. The method is an even-chance betting system, so can only be used for bets where the odds are 1-to-1. Increase your bet by 1 after a loss, and decrease it by 1 after a win. The theory states that you should be in profit after a sequence of equal wins and losses. D’Alembert’s method is steeped in mathematical principles and is based on the wave equation, which help measure speed and frequency in the creation of vibration. The D’Alembert can work well as a sports betting strategy, as it does bring less risk than the first two methods above.

Betting Strategies

The Paroli Method

The Paroli method refers to the doubling of a bet following a win. Should you bet x, and lose, you continue betting x. If you win, you bet 2x until you lose and drop the bet down to x again. If you win the second time, you increase the bet to 4x. The method is extremely risky – which is why it attracts a lot of higher stakes fans. However, the statistical probability decreases each win as the same win is needed again, which lowers the chance of it happening. The Paroli method could be applied in sports betting to a sport like horse racing, as it works on the idea that wins and losses come in streaks so you want to maximize the returns on your winning streaks.

The four betting strategies listed above by no means guarantee success. You need to remain disciplined and understand bankroll management when attempting any betting strategy. However what these strategies do is provide a systematic approach to your sports betting, which should ultimately help your profits over the long term.

From Martingale to D’Alembert: What Can Sports Bettors Learn From Roulette Betting Strategies?
Rate this post
September 26, 2017 by : Posted in Blog No Comments

Leave a Reply

You must be logged in to post a comment.