What are Progressive Betting Strategies?
As many of us know, casino games are, for the most part, governed by pure luck. There really isn’t much you can do to improve your chances of winning in roulette, slots, baccarat, or craps, for
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example. However, gamblers are not known for giving up, which is why they’ve formulated several strategies that you can use, even on games of luck. We are, of course, speaking about betting strategies.
The Purpose of a Betting Strategy
Before we delve into the nitty gritty, we must make a very important disclaimer. That being that, the purpose of a betting strategy is not to ensure a win. Indeed, it is impossible to “ensure” a win when betting or gambling. These games are luck-based, and nothing can change that. The goal in using a betting strategy is to attempt to minimize losses and maximize potential wins.
That being said, betting strategies can be quite effective for their stated purpose. However, if over-used, they do become ineffective. What we are saying is that betting strategies are good if you are gambling responsibly, and doing everything you can to avoid falling prey to problem gambling. Luckily, gambling sites like the Christchurch Casino do an excellent job of encouraging and promoting responsible gaming, so if the customers follow the recommendations, their safety will be ensured.
What is a Betting Strategy?
A betting strategy is exactly what it sounds like. Because online casino games are based on luck, players have to find alternative ways to strategize. So, they think about the amount of cash that they bet, and how they can minimize losses and maximize wins. Hence, betting strategies.
If you’ve ever gambled, and you’ve considered whether it is beneficial to make a big bet or a small bet at a certain point, you’ve engaged in a betting strategy of your own. However, experienced gamblers don’t stop there. They’ve formulated betting strategies that anyone can learn about and make use of.
Progressive Betting Strategies
As the name suggests, a progressive betting strategy is one in which the gambler’s wager gets progressively higher, until they get a winning result. The idea behind the strategy is simple; in the case of an eventual win, the gambler would not only earn back the cash they’ve lost, but also a little something extra. To that end, they’ve come up with the following betting strategies.
- Martingale: the Martingale strategy is the oldest, and simplest progressive betting strategy. It involves doubling your bet on every loss, so that the betting sequence would look something like this: $5 - $10 - $20 - $40, etc.
- Fibonacci: based on the popular mathematical sequence of the same name, the Fibonacci strategy involves mimicking that very sequence. According to this strategy, a gambler’s wagers should look like this: $5 - $5 - $10 - $15 - $25 - $40, etc. As you can see, the betting follows a sequence in which each number is the sum of the previous two.
Final Thoughts
There is no guarantee that progressive betting strategies work. Indeed, they rely on the assumption that you will eventually win, which is not always the case. Most gamblers, in fact, don’t win, so be careful when using a progressive betting strategy for any game at the casino.