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Here’s a brief introduction into the Martingale system if you care to try it. It does get quite a lot of bad press mainly because it’s portrayed as some sort of ‘roulette killer’ which is guaranteed to make you rich, which of course is far from the truth. However like most systems for gambling if you appreciate it’s shortcomings then it can be quite a sensible way of playing something like roulette.
For example if you compare the careful calculation and doubling of your stake combined with a sensible stop/loss compared to what some people do at casino roulette tables after a few drinks – it’s much safer. I watched last week a couple of Chinese punters literally throw chips all over the table after every spin at a casino in Dublin – I’m almost certain that it was almost mathematically impossible to win some of their spins as they huge placed bets on conflicting results.
At least with most systems it adds focus to the game, although perhaps the biggest issue with Martingale is it turns a fun game into something rather tedious.
An amazing yet ultimately very simple crime has just hit the court in Las vegas, involving two former casino croupiers and two of their friends. Together they managed to siphon more than a million dollars off craps tables from the Bellagio casino on the Las Vegas strip. However this didn’t involve playing roulette but a very specific table game well known for it’s fast pace and sometimes confusing gameplay.
James Cooper Jr. and Mark William Branco were both fired from the Bellagio when the scheme came to light and were later arrested. They were named with two other co-defendants with charges which included cheating at gambling and theft, which are extremely serious crimes in Nevada for obvious reasons. If found guilty they could end up with decades in prison for their offences.
Their particular scam involved the two dealers accepting late or marginal bets and then paying out to their friends. They deliberately chose their times and made it difficult for supervisors to spot what was happening. They chose small and insignificant bets which were also unlikely to be detected easily. Thefts from casinos like this are actually very common with hundreds being arrested each year. However this quartet, kept their scheme running for over two years which is very unusual.
The scam was manipulated with such care and precision that it was only a chance that a colleague noticed something was awry and informed his supervisors, who informed the casino investigators. The investigators then spent some time reviewing security footage, analysing the employees financial records, watching them at work and interviewing colleagues.
It soon became apparent that their accomplices were making wagers after the outcome was known and then paying them out without question. Other situations were placing bets on margins without clarifying the positions so that it was unclear about who had won.
You might not win all the time, but Parlay betting is one way to pick up a huge payout. Parlay bets (or accumulators as they’re known in the UK) are linked bets where your winnings are staked on a series of individual bets.
If you are only interested in big payouts without risking huge sums, then Parlay betting is one of the most popular routes to go. Obviously it depends on the odds, but it’s perfectly feasible to turn a few hundred dollars into a five figure payout.
An popular option is the eight leg parlay which is what one punter invested in last week with Bovada. He placed five hundred dollars down on four Major League Baseball game. Why only four? Well you can bet both on the winner and the over/under for each game. The action took place on September 16th, and Ho K from British Columbia was on a very hot streak. Every one of his parlay bets came in netting him a $57, 779 payout from a days of worth of MLB fixtures.
There’s lots of different promotions on certain types of parlay bets, you can actually even win for just placing such a bet irrespective of the outcome. At the moment there’s a $1000 draw for any nine stage parlay bet between Thursday and MOnday but check these out before placing your betas they change regularly.
They seem complicated and risky bets, but these accumulator bets can be a method of big payouts without risking a huge stake.