Make Money in Online Casinos? - You decide
Posted by: Roamer in Mad Money Schemes, tags: betting, black, Casino, chance, gambling system, Gaming, money, red, roulette, scheme, statistics, strategy, winningHi all, now this is an odd one for me to be writing about but bare with me and see if what I could say sounds feasible or not.
A friend sent me a link to a site yesterday which seemed too good to be true, it described a “system” for roulette, it described it very badly indeed but I could make sense of it. It quite simpled works (it seems) by betting purely on one colour (obviously either black or red), starting with a £1 bet, if you win, switch colour and start with a £1 bet again, if you lose, double the bet on the same colour, and keep on doubling the bet every time you lose on that colour, eventually you will win, and you will not only cover the loses so far on that colour, but you will be in profit. Once you win, switch colour and start again from your £1 bet.
Now it sounds simple enough, bet £1 on red - lose, bet £2 on red - lose, bet £4 on red - win, bet £1 on black - lose, bet £2 on black - win, bet £1 on red…… etc etc etc
The theory behind this “system” is a very simple one, if you lose you double your bet - this means that your next bet is covering your previous loss thus you are not actually losing anything by it, eventually you will win, covering your previous losses and making a small profit.
Now the switching of colour when you win - to me this seems a bit crazy, remember that roulette is a game of chance, statistically on every bet (When you are playing only black / red) you have a 1 in 2 chance of winning, so whether you constantly cover a colour until you win, then switch or you change every time shouldn’t make any difference to the payout of this “system”.
The badly written site did give a few caveat’s to it’s use though, which I think are just common sense really, the biggest one is to not go too big on any one session, win upto £100 or £150 max, otherwise you’ll be flagged up to the online casinos and most probably be banned - maybe from all of them depending on if they have a ban mandate between them all or not - I don’t know. Also don’t play one online casino day in day out, they do (apparently) take notice of playing habits and they may well pick you out of the crowd for following a ruleset such as this. One other thing is to not using this sort of betting strategy in a physical casino - I’m guessing because it’s well know and they would possibly eject you from the premises - not a good ending to a night out - anyway, I’ve never even seen inside a casino, so I don’t know if you’d care or not lol
Now I’m not a betting man myself, but peoples “systems” fascinate me, mostly because alot of the time people are convinced that because of a certain strategy (Such as the switching from black to red in this one) that they increase their odds of winning, where as statistically it doesn’t alter the outcome at all because they always have nearly a 1 in 2 chance (Ok, I know that there is also zero (green) and in american roulette we have double zero (also green) which means that you have something like 47% chance of it landing on black or red, but the process does seem to work - but like I say I”m not a betting man, I simply tried it on a free play site, no money of mine was going to be risked on gambling lol.
Using this “system” you increase your money by your initial bet amount once you win on the colour you are sticking on, so there are two ways to increase the amount you win on any one colour betting sequence, eith you can increase your inital bet and keep on doubling, or you could (if you are brave or have lots of money) triple or quadruple your bets each time - the only issue is that you could find yourself out of money on a run before you have a win on that colour.
So there it is, a system found, a modification for the high rollers out there, and some words of warning so that you hopefully don’t get banned lol.
Anyway, like I said, statistically I like the way this plays out, although I’m sure one of the other editors will pick me up on not including loads of mathematics, but that’s ok, he’s the math’s genius - not me - eh theDoc? 
Entries (RSS)
February 13th, 2008 at 8:57 pm
I was leaving a comment here and it was getting a bit long so I did a new post on this subject instead.
February 22nd, 2008 at 4:49 pm
Like all businesses, pop music, horse racing or whatever it’s the ‘men in suits’ that you don’t see that control it all. I recall about 40 years ago when I was a teenager a friend telling me of his infallible system for beating the odds at horse racing and later my father-in-law telling me of many a scheme to make money. I started to refer to them all as ‘get poor quick’ schemes. All of these schemes are in essence the same i.e. double your bet until you win. If you sit with a pencil and paper for five minutes (or a calculator if you must) you’ll see that it does work. The question is how far are you prepared to go ? The men in suits at the on line casinos are of course are well aware of this ’system’ and whether or not they will ban you for using it depends I suppose on their own calculations. I am not a gambling man myself but I must confess that I have tried the play for fun casinos using the system and it does seem to work. After a very short time however you tend to become ‘greedy’. The fact that its virtual money probably has a bearing on how you play but I can see immediately that some people, particularly those already hooked on gambling could lose a lot of money. I’m given to understand that some credit card companies won’t sanction payments to on line casinos for this very reason. Is this the calculation that the ‘men in suits’ make in the on line casinos that will allow it ?
February 25th, 2008 at 1:07 pm
Make no mistake, Bryan is quite right. Its, as he puts it ‘the men in suits’ who win every time, or at least enough times to make them the overall winner. The double or quits principle when applied to an evens bet has no winners in the long term. What gives the on line casinos an edge is the zero or in American roulette the double zero. In European roulette you have about a 47.5% chance of winning assuming you stick to the double or quits principle. This means that the casino has a 52.5% chance, so over a period of time and a number of people who’s going to win ?
It’s interesting to have a look at http://www.docsmoney.com He tells you all about it for free, he just asks for a donation if you win – WHY? If its such a cast iron plan why doesn’t he keep quiet and make a fortune with a few selected friends instead of asking YOU for donations ?
I too have heard of the horse racing can’t lose scheme but in this case there are far more variables to make it anything other than luck.
Final note: does anybody remember Horrace Bachelor circa 1965 (ish) Yet another ‘get poor quick’ scheme.
April 19th, 2008 at 4:42 pm
These get rich schemes very rarely work… and the property market has been seen to be one of the few where it’s been possible (but not without risk). Steady profit in line with inflation and ahead of the base rate is the best bet… I will be dealing with this in the above and at the-rate.com. What amuses me about these getrich gurus they always demand a payment and have a need to tell you how rich they are… if only.
June 26th, 2008 at 5:25 am
I agree with Harry however only to a certain degree. I have been using the martingale system except with a twist for quite some time with good success. The docsmoney system does work however I find it frustrating that he has claimed he “found” the system when in fact the system has been around for 100+ years and is called the martingale. Roulette is a game that can be beat long term however you do need a large bankroll and a table with no limit to do it. Harry no disrespect but the 0, “house advantage” in European roulette really only applies to each single bet, it does not mean you will loose in the long term. To anyone using the docs system I would advise that you use it with care and not get greedy.
Harry you are on the money with the horse racing! Anyone with a system for that needs their head checked..
October 1st, 2008 at 1:38 pm
Interesting reading. I signed up to the docsmoney site last night and registered with 3 casino’s.
The first one I quickly won £24 and bailed out. 2nd one I spend 20 minutes and raked in £54 of profit, and again using the £1 chip and 20 minute rule, won £62 on the 3rd.
So for approx. 1 hours play in 3 casino’s I won £140 using the Docsmoney system.
Now to be honest last night was my first play, I am going to apply the rules as I have been caught out in the past with spreadbetting etc, when I have upped my stake and been hammered.
£100 every few days would be very nice to me, I am not here to rack in a quick £50k and give my job up ! (I think this mentality will finish you off a very poor man).
Anyway so far so good, very early days though so will see what the next few weeks bring and hope to update you all then.