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Worst Betting System?

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August 27th, 2011 at 12:32:11 AM permalink
gambler
Member since: Jan 11, 2010
Threads: 111
Posts: 480
What was the worst betting system that you have ever come across that someone else swore by and honestly believed in?
August 27th, 2011 at 12:35:36 AM permalink
AverageJOE
Member since: Sep 27, 2010
Threads: 15
Posts: 76
I belive i would say all of them as they are the same with negative expectation - no difference at all.
Is a jungel of variations - but it boils down to the same thing - there is no positive expectaion.
AP - It's not that it can't be done, but rather people don't really have a clue as to the level of fanaticism and outright obsession that it takes to be successful, let alone get to the level where you can take money out of the casinos on a regular basis. Out of 1,000 people that earnestly try, maybe only one will make it.
August 27th, 2011 at 5:11:50 AM permalink
AZDuffman
Member since: Nov 2, 2009
Threads: 153
Posts: 2904
Quote: gambler
What was the worst betting system that you have ever come across that someone else swore by and honestly believed in?


I'd vote for sitting at 3rd Base in BJ and making the wrong play "so the dealer busts."

AJ is right in that all systems have the same expectation in that it comes down to dollars bet * expected value. But I find this worse since you willingly give up a better play.

The only bigger waste of time is trying to convince someone that plays this way how silly it is.
"The Roman Empire wasn't planned, but neither did it 'just happen.'"
August 27th, 2011 at 5:23:16 AM permalink
Nareed
Member since: Nov 11, 2009
Threads: 212
Posts: 7200
I guess the worst, or at least the most insidious, is the Martingale because it's easy to apply and simple to remember.
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August 27th, 2011 at 5:42:00 AM permalink
timberjim
Member since: Dec 5, 2009
Threads: 25
Posts: 254
I once had an incredible run of luck on a quarter single line slot - No big wins, but continually hitting $50 up to $200. Played it for about an hour and people around me began to watch. When I cashed out, one woman asked me what time my run had started since "they set these to pay out the same time each day"!!!! She wanted to be sure she was on this machine the next day at the "right time".
August 27th, 2011 at 6:07:20 AM permalink
Flynn
Member since: Aug 18, 2011
Threads: 6
Posts: 49
For sure the Martingale (doubling your bet when you've lost). Every gambler will stumble upon it some time. The tricky thing about the Martingale is that it seems to work. The first sessions at roulette where I used this system were always winning ones. You get the feeling that you're invincible. Until the day comes that black hits 15 times in a row and you're run out of money...
No guts, no glory! That's not very original right? Doesn't matter...
August 27th, 2011 at 7:34:33 AM permalink
Wizard
Administrator
Member since: Oct 14, 2009
Threads: 309
Posts: 6700
All betting systems are equally worthless.
It's not whether you win or lose; it's whether or not you had a good bet.
August 27th, 2011 at 7:42:54 AM permalink
buzzpaff
Member since: Mar 8, 2011
Threads: 81
Posts: 2798
Googled worst betting system and found a site saying the Martingale was and it explained why in great detail.
And then it had this to say LOL
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Buzz Paff
August 27th, 2011 at 8:42:09 AM permalink
teddys
Member since: Nov 14, 2009
Threads: 99
Posts: 2707
Some guy playing craps at the Western who has some weird hedge system involving the Don't Pass, Any Seven, and Crap Checks -- he has the worst betting system in the world.
"If you can make one heap of all your winnings / And risk it on one turn of pitch-and-toss / And lose, and start again at your beginnings / And never breathe a word about your loss..." -Rudyard Kipling
August 27th, 2011 at 9:30:28 AM permalink
gofaster87
Member since: Mar 19, 2011
Threads: 3
Posts: 445
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Bovada is the only Internet casino endorsed by the Wizard.
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