Gambling System vs Gambling Strategy
I recently got into a rather lengthy discussion with a friend of mine over a system he was playing at roulette.
He had come off two relatively good weekends playing some combination of black and odd after the red even numbers had come up two or three times in a row.
And try as I may, I couldn’t convince him that it was just a run of black and odd numbers and had nothing to do with the red even numbers. That little white ball doesn’t have a memory and didn’t know what numbers had come up before. He insisted that it did, if red even numbers came up 3 times in a row the next spin had to be at the very least black or odd, that was part of his system. I didn’t have the heart to ask him about the green 0 and 00.
Actually I referred him to a recent blog of mine “The Gamblers Fallacy” which addresses that very issue. But he wasn’t listening, he was sure he had discovered the coup of roulette. I wished him the best, and hope for his sake that black and odd keeps coming up.
There is no system in the entire world that can produce a constant winner in a game of random returns. It is simply impossible, now that doesn’t mean that on a given weekend, or at a particular table you can’t win, actually you can.
The reason you can win on a given weekend or at a particular table is because anything can happen in a short run, including extended winning streaks, but over the long haul the percentages will beat you.
You just have to be prepared to take advantage of a winning streak when it comes along, and you do that through proper money management and a sound playing strategy.
Now don’t mistake strategy for system, there are strategies that can improve your chance of winning. Knowing which bets to make because the odds to win and the house percentage are more favorable than another bet is not a system, it is a playing strategy.
Remember, getting as close as you can to a 50/50 proposition with 0% house advantage is the goal.
However, even the best strategy cannot produce a constant winner. A sound playing strategy only puts you in a better position to win.
And, actually in my friends case, playing black and odd are sound plays in roulette, even if you wait until a couple of red even numbers go back to back. He does employ good money management strategies, so if he catches a streak of black and/or odd he will win some money!
Craps and roulette are the most common table games with random returns, blackjack (or twenty-one) would not be included, since there is a level of skill involved and as a player you do have choices that directly influence the outcome of your hand, however, you must still use proper money management and playing strategies.