Independent Events
The following betting strategies apply to games which operate on independent events. For such games, the odds of a particular outcome are identical for every bet played. No such strategy can beat the house edge (if any) in the long run, and all of them trade off many small wins for a big loss or vice versa.
- Martingale – doubling bet after each loss until a win is achieved (or fails when the amount of the bet becomes excessive)
- Kelly criterion
- Split martingale
- Anti-martingale
- d'Alembert
- Contra d'Alembert
- Regression
- Paroli of Three
Read more about this topic: Betting Strategy
Famous quotes containing the words independent and/or events:
“Milton’s the prince of poets—so we say;
A little heavy, but no less divine:
An independent being in his day—”
—George Gordon Noel Byron (1788–1824)
“I claim not to have controlled events, but confess plainly that events have controlled me.”
—Abraham Lincoln (1809–1865)
Related Phrases
Related Words