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Al Moe

Streaking at the Casino

By January 7, 2013

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No, this isn't about the kind of streaking that Ray Steven's sang about in his song The Streak, this is about the fun of beating casino games by following streaks. One of the oldest betting systems in the world is the Martingale, where the player simply doubles their bet each time they lose, in anticipation of the streak finally ending. One of the problems with the Martingale system, though, is that sometimes the streak goes too long and the player either runs into the table maximum or runs out of chips. Bummer!

Of course there is no way to know when a streak will end, and every roll of the dice is independent of the last, so don't fall for the gambler's fallacy and believe that just because you've seen five straight pass line winners that the odds will even-out and you'll see five don't pass winners now. The dice hold no memory of the last roll.

The other problem with the Martingale betting system is that once a series of bets is finally successful, the player is only up a single unit - after risking their entire bankroll. In technical terms that's nuts! Risking $635 to win $5 makes no sense. Why not risk $5 to make $635? Instead of betting on a streak to end, consider betting on your winning streak to continue by adding a little to your winning bets!

The trick has always been to bet more when you are winning and less when you are losing, but keep in mind that you'll want to drag a little bit of those winning bets back into your bankroll. If you're a $5 bettor, consider adding a dollar or two to your winning bet and seeing how the next hand goes with $7 out there. If it wins, add another buck or two. Unlike the Martingale, where you'll win a unit, betting a bit more as a winning streak progresses gives you the chance to greatly multiply your chips by risking just a bit more.

It's amazing how fast you can accumulate a stack of chips when you get a few nice runs going. Betting this way will eventually lead to a moment of reckoning when you get a double-down or split. When that happens you'll suddenly have more money in action than you ever expected, you're little heart will go boom boom boom, and the turn of the dealer's cards will have great meaning for you! Win in this situation and you'll drag a lot of chips, lose at this point and you're likely to be back to even. However, there's also the chance that you'll catch a blackjack when you have that big bet out there and you'll really enjoy getting paid time and a half for your largest wager!

Aside from the fun and excitement of having a little more money in action, your bigger bets will get you rated higher by the floor supervisors. Even if you mostly bet $5, a supervisor that sees some $7 or $10 action will likely rate you at $10 for your entire stay - so you'll double the points you earn for comps. So go streaking at the casino for fun and profit.

Comments

January 11, 2013 at 4:15 am
(1) roleta says:

Na Roleta, apostando jogadores locais com base em onde eles acham que o número vai pousar e então a roda é girada e uma bola de plástico é jogado para a roda. As chances de ganhar dependem do tipo de aposta lugar.

January 14, 2013 at 5:29 pm
(2) Emma says:

Very good advice – About 35 years ago I used the Martingale system at the Dunes and Caesars using $25.00 and $100.00 chips. Played around six hours and never lost the four consecutive bets I gambled. I was playing Craps on the Don’t Pass line. I made quite a hefty sum.
The next night, I played the same system at the MGM. By 2:00 a.m. I had lost all my previous night’s winning plus more. I learned a very valuable lesson the hard way. Now I play as you described. My winnings are consistent but not huge. It is much easier on the nerves. “Experience is the best teacher and a fool learns no other way”. I hope others learn from your valuable advice.
Putting $1,400 on the Don’t Pass line in 1978 was quite the adrenaline rush for me. I was not married at the time and I had no children. Young, foot loose and fancy free in Vegas is the way to be.

January 16, 2013 at 4:36 pm
(3) Al.Moe says:

Seems to me I had a similar experience at the Sahara playing roulette as a young man…………..great one night and so excited to be winning, then dropping the win and my bankroll the next day. A newbie fish is what I was!

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