Make Money From Evens Betting

Even Betting System

Preparation:

See: Preparing for Gambling/betting

Note: For all bets, if you win, you always receive your bet back and (obviously) your winnings.

For example: I place a £20 bet, if it wins, I’ll win £40 (2 to 1 odds). Just say if I do win I’ll receive £60 back from the bookies, £40(winnings) + £20(initial bet).

A lot people get confused and say they won £60 at the bookies and forget they had to put £20 on to get that £60 therefore they only won £40.

This is a method is for odds that give you an even return (what you put on is what you win) for example, a £50 bet would win you £50 (plus your initial bet, effectively a return of £100).

You can find even bets in many places but I’m going to focus on a simplest form and that’s RED or BLACK on a roulette table*. If you place £10 on red and it wins, you win £10 (plus your initial bet, a return of £20).

This method requires of you to set a goal on how much you want to win. This is very important to do at the start.

Method Example:

First, state your goal: I want to win £10 at a roulette table. (My Goal)

To win £10 I must place a £10 bet on red or black. If I do win, I win my goal and walk away or use the £10 as free money**.

If I lose, I now have to bet again to make my goal. I have to place £20 on red or black to win my goal, note: that I am -£10 in debt. If I do win, I win £20 which covers my debt (£10), which leaves me with £10 profit or in other words my goal.

If I lose again, I must now put on £40 to make my goal. Note: I am -£30 in debt (-£10 from the first loss plus -£20 from the second loss). If I win, I’ll win £40 but I first have to minus the debt, which is £30 therefore, a profit of £10, which is my goal.

I have made a table to show how much you need to spend if you keep losing:

There is a formula that can be derived from this table:

 Note: This formula can only be used if the method has been preformed correctly.

Important: You can also minus £10 from the formula to show how much debt you are in.

This formula can only be used if you want to win £10 from a roulette table.

As usual in maths there is a general formula for this system:

 For example:

If I want to win £50 (my goal) and I’ve lost once already:

G = £50, n = 1

Next Bet = £50 x 2¹ => £100

If I lose again:

G= £50, n = 2

Next Bet = £50 x 2² = £50 x 4 => £200

This can continue until you win (or run out of money)

You can check your debt by this formula:

remember debt is a negative number

The debt formula is good to use so you don’t over spend.

This system is a very logical method, which will win you money if you’re willing to spend. This method can be used for all evens betting. The problem with the method is that it still relies on you making the right choice on the bet itself. Good Luck.

By iloot

* I am fully aware that the odds of RED/BLACK on a roulette table are actually less than evens.

**Free Money = money that is won and has no effect of your wallet.

Preparing for Gambling/Betting

The first thing you should be thinking when you have planned to gamble or bet is decide how much you want to lose.

You need to get out of your head that you are “instantly” going to win if you go gambling. A lot of people assume “professional gamblers” win all the time, they only tell you about the wins and not the money they have lost.

You need to know the odds are always against you and there is more chance the house/bookies winning your money, then you do theirs.

So...going back to deciding how much you want to lose.

Here are two scenarios:

If you go out on a night-out with friends most people decide that they will take out £100 and that’ll be enough for drinks, entry to the club, taxi and a kebab. The morning after you feel hung-over and say to yourself “that was a good night”. Mathematically you have just lost £100 of your money.

Second scenario is that you’ve decided to go to a casino with your friends. You take out £100 for drinks, entry, gambling and a kebab. You wake up in the morning and you feel annoyed because you look into your wallet and find no money and you realise that you didn’t win anything last night. As a night out with your mates, it probably was a good night but a gambler it was a bad night because you lost all your money.

The point of the two scenarios is that the result is the same; you lose £100. The difference is that the first scenario you went out knowing you’re going to spend your money and spending all of it was expected, but, the second scenario you went to the casino expecting to win meaning that if you spend (or lose) all your money you feel disappointed or cheated.

So to prepare for betting/gambling you need to set a specific amount of money you want to lose and stick to it. If you lose it all that’s fine, you were expecting to lose it. If you don’t stick to it and spend more, you are only breaking your discipline, when it was not necessary to do so.

If you do win money from gambling use the money you have won to gamble with. I like to call this “free money”. It is effectively money that you didn’t have before so therefore you can do what you like with it. Obviously, the sensible thing to do is, walk away and save it, but if you’ve just started a night-out then use this money to gamble with. When this money runs out you can go back to the original money you set out to lose (hopefully by then you won’t need to do this because the nights over).

An ideal situation from gambling is to come back with a profit. The next best thing is to come back having a good time but not lost or gained any money (breakeven). The usual and expected situation is to come back with minus the money you decided to lose. The worst situation is losing more money than you decided to lose.

To summarise:

• Decide how much you want to lose and stick to it.
• If you have lost your the money you expected to lose, walk away, the house has won. (Try again another day but not straight away) Emotions tend to make people do stupid things.
• Always bet with “free money” you are not losing anything if you don’t win with it. The money was not your money in the first place.

By iloot

£30 Matchbox

Preparation:

See Blog titled “Preparation for Conning Your Mates”

Required Items:

Matchbox (or any container)

£20 note (the target must have money too)

Aim:

To gain £10

This is a simple trick that evolves you and only one target. After the preparation this trick will be much easier especially if the target doesn’t question maths.

This trick could be used if you owe the target £10 and you want them to think you have given it to them.

The first thing you do is to hype this method by suggesting to the target that they’re going to make £10 (or the £10 you owe them).

You’ll need your £20 note and ask them to get theirs out too and place it in the matchbox (or container, beer glass etc.) 

And ask the target “to make yourself £10... buy the matchbox off me for £30” and emphasise on that they’ll get the matchbox and the £40 inside (some people question that they are only buying the matchbox and not the content, emphasis they'll get both). If they buy it off you for £30 then you have made a £10.

How it works:

The maths behind it is simple; if you have placed £20 and the target £20 then each of you has contributed. This is when the target should forget that one of the £20 notes is theirs and actually they are buying £30 for your £20 note only, because the other note is theirs. So you make £10 from a £20 contribution.

Variations:

There are many variations to the method, if they’re not willing to part with £30 for the matchbox then change the price to £25. As long as the price they pay for the matchbox is over £20 then you make money.  Formula:

 You can always change the quantity inside the matchbox as well, by placing two £10 notes in there (total in matchbox = £20) and asking the target for £15 for the matchbox as long as he pays more than £10 for the matchbox you make money. 

General Formula:

**The formula only works if the contribution made by both parties is the same.

One tip is to start small and then try bigger amounts when you get the hang of it.

By iloot

Preparation for Conning Your Mates:

If you are serious about doing this then you’ll have to remember you’ll be taking money off people you know, it'll be even better if you can get some strangers money . If you like, you could do it for fun and give the money back.....*cough*

Not all methods will require a target but if you happen to come across one here are a few tips.

Advice on potential targets:

•          Pick friends or family (preferably younger then you = more manipulative), they will trust you more.
•         Always talk about money before you do a trick, it’s good to get the person thinking about money. A good idea is to talk about really expensive things the target has bought and get into their head that a measly fiver or tenner is not so bad parting with. 
•          Pick someone who is afraid to question maths, surprisingly, a lot of people are. For example if you can convince them that 5² = 10 (in words; five squared equals ten) then they are perfect. They should know that the answer is 25 but, if they are doubtful and are not willing to question it because you’ve clearly stated that “the little 2” means multiply by 2 then you may begin. 
•          The location helps, Pubs and Clubs are good, basically, where there is money exchanged freely and the wallets are opening at regular rate. 
•          The emotion of the person helps too, if they’re angry, sad, drunk etc. (you’ll really have to dig deep  to take money off a mate if his girlfriend just left him)

This is an ongoing guide and will be updated frequently...

by iloot

About this Blog:

For each blog I’ll give an example of how you can make a cheeky quid or two using simple maths tricks (only small amounts otherwise people will become suspicious).

I'll share with you simple ideas whether it's betting techniques, conning your mates or ways of thinking about money.

The maths in the blog can range from to GCSE (aged 14-16 years) to Degree level, but I’ll explain all the “need to know” information rather than going into why it works (not unless you request it).

For all the ideas, if you cannot do it properly then I take no responsibility for any wrong-doings that might come to you if that be loss of money or caught in the act.

Some of the ideas you might have heard before or in another format, so I apologise in advance if you have seen it. (I'll reference the original source if I have manipulated another method)

To conclude, if any of the methods don’t work or you've lost money, it’s not the end of the world, just try it again. You always learn from your mistakes.

by iloot