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Thread: Is a Progressive Betting Approach Ever Warranted for a Player with an Advantage?

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  1. 08-21-2022, 11:32 PM #1
    iCountNTrack
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    Quote Originally Posted by Midwest Player View Post
    How about a betting progression in roulette? Recently an online casino was offering $2 in free credits for every $77 bet on roulette. The online game also offered single zero roulette as a playing choice which made the game just about breakeven.

    How about a progression sytem for this promotion.
    https://www.telemediaonline.co.uk/th...-for-roulette/

    PS. Can someone explain a little better how the Fibonacci system works?

    Just about break even is in fact -2.70% advantage for the player, and you can try every single possible variation of a betting progression and it will not change it. Just like a deck of cards, a roulette wheel does not have a memory
    Chance favors the prepared mind
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  2. 08-22-2022, 12:00 AM #2
    Midwest Player
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    Quote Originally Posted by iCountNTrack View Post
    Just about break even is in fact -2.70% advantage for the player, and you can try every single possible variation of a betting progression and it will not change it. Just like a deck of cards, a roulette wheel does not have a memory
    What you are forgetting is the free credits earned. Assume house edge of 2.70% on bets of $7,700. You lose $207.90, but win $200 in free credits. Pretty close game.
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  3. 08-22-2022, 11:45 AM #3
    DSchles
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    Quote Originally Posted by Midwest Player View Post
    What you are forgetting is the free credits earned. Assume house edge of 2.70% on bets of $7,700. You lose $207.90, but win $200 in free credits. Pretty close game.
    YOU forget that "free credits" aren't free money; they're half free money (and with variance, to boot)!

    Don
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  4. 08-22-2022, 01:08 PM #4
    Midwest Player
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    Quote Originally Posted by DSchles View Post
    YOU forget that "free credits" aren't free money; they're half free money (and with variance, to boot)!

    Don
    The free credits only have to be played thru once. They can be played on blackjack and have less than .005 house edge if played on blackjack. I just did it this past weekend.

    I have another question on single zero roulette. This site mentions two different numbers for house edge on single zero roulette. One number is 2.7% and the other number is 2.6%. I thought the house edge was the same on all bets on roulette.
    https://pokerfuse.com/news/casinos-a...te-house-edge/

    Well, have to go. I have to play $100,000 on blackjack (maybe some Spanish 21 also) by midnight Wed to win $1,000 in free credits. Hope I can make it in time.
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  5. 08-22-2022, 02:08 PM #5
    21forme
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    Quote Originally Posted by Midwest Player View Post
    The free credits only have to be played thru once. They can be played on blackjack and have less than .005 house edge if played on blackjack. I just did it this past weekend.
    It's the same as a promo chip that's collected after the bet. Suppose you bet $25 in free credits. You win and you get paid $25. You don't get your original bet back. So Don, of course, is correct.
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  6. 08-22-2022, 03:39 PM #6
    Midwest Player
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    Quote Originally Posted by 21forme View Post
    It's the same as a promo chip that's collected after the bet. Suppose you bet $25 in free credits. You win and you get paid $25. You don't get your original bet back. So Don, of course, is correct.
    Not correct. At the online casino I play the most at, this is how it works. If you bet $25 in free credits and you win the bet the free credit is converted to cash plus you get the $25 you won. If you lose the bet then you lose the $25 free credit. If you push the bet, then the free credit is converted to cash. So pushes still win.
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  7. 08-24-2022, 02:20 PM #7
    Midwest Player
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    Quote Originally Posted by Midwest Player View Post
    Well, have to go. I have to play $100,000 on blackjack (maybe some Spanish 21 also) by midnight Wed to win $1,000 in free credits. Hope I can make it in time.
    What a wild run on my journey to $100,000 in table play. It was divided between blackjack and Spanish 21. Pretty much couldn't lose on the first $50,000 of play. At the $50,000 mark, I was up $3,000 on mostly $50 bets. A few smaller bets and a few doubling bets were made. On the second $50,000 pretty much held my own, but went steaming towards the end and lost about $500. Ended up with a little over a $2,500 win before my $1,000 in free credits. I should have lost around $500 on my $100,000 play. Oh, the play also saw a 14 hand winning steak by the dealer. Switched games at this point.

    It was a good few days at this casino. Up almost $12,000 at my favorite casino in the last 10 days. Now just waiting for it to go the other way. The Cash Climb promotion starts tomorrow. Hope they offer a good promotion.
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