Even Betting System
Preparation:
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:
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There is a formula that can be derived from this table:
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:
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:
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| 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.
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