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Reason #4 why the Wizard likes Bovada: One-Stop Shopping Bovada offers the triple crown of gambling: casino, poker, and sports. Many other casinos have tacked on poker as an afterthought, and many poker rooms have tacked on a casino as an afterthought, and the lack of attention shows, sometimes painfully. And very few of these sites let you make sports wagers. But Bovada doesn’t just offer all three, they do each one well, and everything’s integrated. It’s easy to play all three off one deposit, off just one account. Another nice thing about Bovada is that you don’t need a separate account to play casino games with fake money. In fact you do not even need an account for that at all, you can just click over there and play. Finally, Bovada usernames are only six or seven characters long making them possible to remember. By contrast some competitors’ usernames are extremely long and cumbersome. |
The Cancellation Betting SystemLast Update: May 10, 2011 Although I try to make it emphaticaly clear that all betting systems, including the cancellation system, are just gimmicks my viewers continue to ask me to recommend one. Any gambling systems can manipulate the probability of a winning session, at the cost of how much you lose for a losing session. In the long run there is one unavoidable truth, that the ratio of money lost to money bet will always approach a given constant. That constant depends on the game played but always equals the house advantage. Not to condone gambling systems, but rather to prevent people from supporting those who scam the public by selling them, I shall present what is called the “cancellation system” here. This system is very similar to most other gambling systems in that you trade a few large losses for a lot of small wins. While some people like flying by the seat of their pants at the gambling table others prefer something more systematic. For them I am doing this. How to PlayI learned about the “cancellation system” from viewer of this web page who believed strongly in it and asked for my opinion. I later saw a discussion of it in The Winner’s Guide to Casino Gambling by Edwin Silberstang. Silberstang notes that it is also called the D’Alembert or Alembert system. The concept behind this system is that in the long run two events of roughly equal probability will happen roughly the same number of times. This system depends on this happening in the short run. The more money you wish to put up, the longer into the long run you can afford to go, thus increasing your odds of a winning session, but at the risk of losing more. The goal of this system is to win ten units at an even money game, like betting red or black in roulette or the pass or don’t pass in craps. The player must decide how much a unit is and how many units to risk. The money risked for a particular session shall be called the “bankroll.” Below are the specifics on how to use it:
Here is an example:
Here is an example of what to do if you are reaching the limit of your bankroll:
The theory is that by crossing off two numbers for a win and adding only one for a loss you will eventually cross off all the numbers. However in a bad session of losses the numbers start adding up fast and you can reach the end of your bankroll sooner than you might expect. The more you put up to risk the greater the probability of crossing off all the numbers. However the end result is always either winning ten units or losing the entire bankroll you put up to risk. Of course you are welcome to deviate from the strategy at any time. You can also start with more or less numbers, the more you put the more you can win but the greater the probability of losing your bankroll. The person who I learned this system from said that when he is nearing the limit of his bankroll he would chicken out and divide the numbers by two and play each set individually. While every gambling system I have ever seen says you must play their method exactly you are no better or worse off in the long run by deviating from any system. The discussion of this system in The Winner’s Guide to Casino Gambling states that you may use any numbers, but says the most common application is sequential numbers, for example 1 2 3 4 5. The purpose of gambling systems should be to increase your gambling enjoyment, not to change the outcome in the long run, so if you want to deviate then by all means you are free to do so. Probability of LosingTo test this strategy I wrote a computer program to perform ten million sessions at various bankrolls on both roulette and craps. When applied to craps the bet was on the pass line which pays even money and has a probability of winning any given trial of 244/495 =~ 49.29%. In roulette the basic bet is any even money bet, which has a probability of winning of 47.37%. Naturally it is to the players advantage to apply this strategy, as well as any other, to craps as opposed to roulette. As with any betting system the ratio of the total amount lost to total amount bet was always very close to 1.41% in craps and 5.26% in roulette over the entire ten million sessions. Below are the results:
The bankroll is in units, you decide how much a unit is. For example if you wish to risk $100 you might decide to make each unit $2 for a bankroll of 50. If you play this system against craps you have a 81.4% of winning 10 units, or $20, and a 18.6% chance of losing all 50 units, or $100. Many systems out there are based on the kind of principle in this system. Instead of wasting your money by paying for a system you are welcome to use this one and use the money you saved to see a show. If you play this system, or any other, I wish you well but just don’t expect to show a profit over the long haul. AppendixThe computer program used to test this system can be found here. If you have a C++ compiler you are welcome to welcome to download it and make your own modifications if you desire. If you wish to run it but don’t have a compiler then if you ask nicely I may send it via e-mail. |
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