There are plenty of Websites out there on the Internet offering to sell you “Miracle” Staking Plans that will supposedly enable you to walk away from the casino tables every night with your pockets bulging from the winnings. The proponents of those Websites regale you with tales of how well others have done from their Plans, and how you too won’t lose if you invest in purchasing their “secrets”. Believe me, they don’t even work for the roulette table, for which they were intended, so they most certainly won’t work for sports betting!
If you are tempted by these “get rich quick” schemes (really “scams”), just keep reminding yourself that most Casinos (with the notable exception of Donald Trump’s, of course) continue to prosper. So there is obviously a conundrum here. How is it that Casinos across the globe aren’t being bankrupted by all the people who have bought from those “Miracle” Staking Plan sellers? The answer is simple and two-fold:
1.Most of the Staking Plans on sale are totally devoid of any selection ability. They rely (i) on a combination of what seem to be clever hedge betting techniques, which fool many people into thinking that all the options are covered (but they aren’t, of course) and (ii) either negative or positive progression staking (where, respectively, you lay out more money according to whether you are losing or winning). In essence, this means that there is no magic ingredient in them.
2.For every valid raffle held there is always a lucky First Prize winner, but that doesn’t mean that if you enter a raffle that lucky person will be you! Indeed, for every raffle winner there are always plenty of losers, and the likelihood is that you will also be one of them. So too with “Miracle” Staking Plans; the number of purchasers who are continuing to lose when they bet (some losing very heavily, you can be sure of that) is colossal compared to the few purchasers who got lucky once (and probably once only).
In terms of their ability to make you money, every single one of those Staking Plans being offered for sale is totally useless. The purchasers are paying out good money to get advice that is based on smoke and mirrors! And what is worse, some of the Plans being sold will make you lose your money a lot faster than you would ever have imagined possible.
There are those who have tried to convince me that I am wrong to write off Staking Plans so harshly, and who argue that I pay far too much attention to statistics, because statistics can be manipulated to give a false picture. My response is that I am happy to rely on the results of properly conducted, supervised trials to determine the likelihood of the outcome of games where the house has the advantage (such as roulette). Those experiments clearly show that, without a valid Selection System (or where a worthwhile Selection System cannot operate), you will never come out on top in the longer term, even though you may get lucky (and even strike it big) in the short term.
For example, it’s been proved many times before that just because 8 straight reds have come up on a roulette table, the chances of it coming up red on the 9th spin aren’t reduced in the slightest (even though the chances of 9 straight reds occurring are 1 to 511 against). The wheel and the ball don’t have memories; they don’t get embarrassed that they let you down on all those previous spins. The results from each subsequent spin are not in any way dependent on previous spins; they are horribly independent! And we are not talking about simulated computer testing alone; the experiments have also been conducted thousands of times on working roulette tables by government officials, to check that there is no fraud at play.
The built-in advantage of the house on a roulette table (that’s what the white “zero” slot represents) is why Casino operators aren’t worried by people who employ special Staking Plans. They know that belief in a Staking Plan will cause most people to lose even more money than they perhaps would otherwise have done. The Casinos will always be the overall winners; that’s what the Law of Averages (sometimes referred to as the Law of Large Numbers) is all about.
As a final wrap-up note here, I wish to leave you with the following two thoughts, simply because they are so very important if you are truly “betting to win”:
1.If you are told that a particular Staking Plan that is devoid of a good Selection System will be a sure-fire, magical way to riches, it definitely won’t be you who will be getting rich; it will be the Bookie, the Betting House or the Casino!
2.The only way to stay on top when gambling is to implement sound money management. Sensible Staking has to become your motto, because it is the foundation stone of good money management, and it is the only element of gambling that is under your control!
Woz Salmon is a specialist in risk analysis and mitigation techniques, whose primary aim is to help the average football bettor significantly improve his/her chances of winning more money from the Bookies. Woz Salmon runs Predict A Win ..Helping you bet to win!
