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Wednesday 24 November 2010

Casino Gambling System Scams

We'll warn you, if you're not interested in Math, probabilities or gambling, the following blog post is likely to bore you to death.

One of the longest running, controversial and popular fallacies in the world is the belief, support and use of betting systems apparently designed to improve or guarantee winnings from casino games such as roulette and craps. Such systems purport to overcome the casino odds by using various strategies, some simple and some complex to allow the user of such systems to “beat the casino”

Of course anyone familiar with casinos will know that people playing games such as roulette, blackjack and craps will statistically lose out over a long enough period because everyone playing such games are subject to the “house odds” - meaning that the chances of success are always very slightly in favour of the house (the casino) so that any betting spree long enough would statistically favour the house. For example the green zero in roulette or the player acting first in blackjack gives the casino a very slight advantage.
Such betting systems claim to not only overcome the house edge but virtually guarantee the person using it a profit, regardless of how long the betting spree goes on for.

Casino betting systems are advertised in a variety of ways, including many unethical methods of which the seasoned Internet user would be familiar with including SPAM email, malware attacks, spyware pop-ups and advertisements on equally unethical websites. Victims may be directed to websites or baited through email correspondence by people running the casino system scams. The people promoting such systems may either be under the false belief the system works, or may just be after your money, much like a get-rich-quick scam.

Many different varieties of systems have emerged over the decades, most of which pre date the Internet by many years. In fact most “brand new systems” flogged on the Internet daily are not brand new at all, rather one of many different thousands of systems that have been tried, tested and ultimately failed many years prior.

Varieties of systems include the "gambler fallacy" systems which somehow implement the age old fallacy that an event that has not occurred in some time is more likely to occur in the imminent future, for example a roulette wheel resulting in 3 red numbers in a row will more likely show a black number next. Of course this is not true, and anyone reading that previous sentence will realise this, but many systems disguise this error in logic by overtly complex equations and fancy hype.

Another type of system is the "bet big win small" systems such as the Martingale system which sees a player double his stake after every loss, so his first victory will cover his previous losses plus his original stake back, hence the small win. This system has proved incredibly popular since it maximises a players chances of winning in the short term, but like all "bet big win small" systems, the profit will only be small and the amount potentially lost will be much larger, meaning anyone using this system will eventually suffer a big loss and hence are at no more of a mathematical advantage that anyone using any other system. The probability of losing with the Martingale system is often underestimated by even experienced gamblers.
Another similar system involves betting low amounts on the majority of possible outcomes meaning the chance of victory will always be on the players side, who shall receive small profits. This is popular in roulette, where for example a player can place bets on 32 out of the 37 possible outcomes, meaning they are likely to win a small amount, but may suffer a huge loss. Like the Martingale, this may be a good short term solution, but players using such a system will eventually suffer a huge loss and be subject to the same mathematical probabilities as anybody else over the long term. Many betting systems stem from this short term solution to blind victims into thinking that the chances of winning can be on their side.

Even to this day many gamblers swear by and defend various betting systems, but the fact is that no one system will or can ever work, because of the core mathematics involved with gambling. No matter how the system is dressed up, or presented to the victim, or how complex the people behind the scam are willing to get, casino games are subject to simple, fundamental probabilities that no one can change. Betting systems that sell ultimate betting strategies are selling regurgitated information that will make no one more or less likely to become rich from a casino. Games such as roulette, blackjack and craps will always be in favour of the house over the long term, and in the words of Albert Einstein - "No one can possibly win at roulette unless he steals money from the table while the croupier isn't looking".

1 comment:

  1. Seems great. Why don't you try to update this blog more often, seems like you're having lots of visitors here.

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