Have you ever thought about the reason behind the existence of minimum and maximum bets? The truth is simple: casinos want your money. As simple as that. So they restrict your possibilities to win.
It was in 1654 that Antoine Chevalier de Mere asked Pascal why he usually lost when he bet even money that are double, 6 would show up at least once in 24 rolls of two dice. Pascal demonstrated that 24 rolls would be against the gambler, but 25 rolls would be slightly in his favor.
Pascal solved the question, and sent the solution to Pierre Fermat and Christian Huygens. The science known as Probability Theory was born. Up to then gambling odds were found by trial and error. Pascal, however, was able to calculate the odds of chance in a scientific way.
But if one knows the odds he can find the way to trick them. Since that time people also began developing the schemes to beat the system. A good deal of the systems is build around increasing each consecutive bet as anticipation of winning grows, known as martingale systems. So gambling establishment elaborated a simple method shut out a game transformation in to jump with bets, where a resource-sufficient player was practically "doomed" on winning. Maximum bet has its limits.
In any world casino each table, be that roulette, blackjack or poker, features signs clearly defining minimum and maximum rate of bets on a given table. A difference between them can be in 10, 30 or even in 100 times. But nowhere to you will be allowed to multiply your bets without restriction.
Please pay attention, that the very existence of maximum bet limits proves that a system, founded on bets augmentation principle, threatens the success of the casino. Take any table in regular or even on-line casino. For example the one, on which minimum bet is $25, and maximum one is $1000. Why do you think you are not allowed to bet more than $1000 at once? Do you believe they won't have money to pay out? Or do they fear, that you will win and take your money home? But in VIP-halls of the same casino you can make a bet of $2000 or even $10000! And if you have specially requests you try negotiating with the administration to satisfy them. Most casinos have more than enough resources to meet any bet of yours.
The deal is about the correlation of maximum and minimum bets. So, in case the maximum is set at a $10000, the minimum bet will rarely be less than $250. The idea is to limit your double bets to certain number of times depending on the game. Usually you want be able to double more than 5 times. Otherwise your odd of winning become impermissible high.
In the Eighteenth century, Jacomo Casanova hit upon a method to win at gambling. Each time he lost, he would redouble his bet until he won. In letters he wrote to the friends, he discusses how his martingale system would guarantee his win every time. And mere two days later, he wrote a letter from prison. The scheme had failed -- and series of losses overcame his funds, and he was now in debt. In 1755, after suffering ruinous gambling losses and participating in various illegitimate dealings, Casanova was denounced by the Venetian State Inquisitors and imprisoned beneath the lead roofs of the Venetian Ducal Palace, in place known as the "Leads".
Many people believe professional-level sports bettors win at least 60%... Read More
A lot many of us know something or the other... Read More
Stu Ungar is considered by most to the greatest No... Read More
Gambling became popular in China in the last phase of... Read More
The most common way to bet on football in the... Read More
TRAVEL- The following is my penny pinchers guide to Las... Read More
I have had a lot of emails from people who... Read More
There are three basic types of video poker machines:* Jacks... Read More
Over the past few months there has been a significant... Read More
World Poker Tour high stakes poker tournaments started a revolution... Read More
Craps is the fastest - and certainly the loudest -... Read More
An overall review of online casino software has led me... Read More
After being in sports betting for about 23 years you... Read More
Credit cards may be the easier way to purchase casino... Read More
You should only play games that your bankroll will allow.... Read More
The state of online gambling may have just found another... Read More
There are a few points of virtual casino etiquette that... Read More
You may or may not of heard of all this... Read More
Whether it is on the street or online, one cannot... Read More
It's been advertised globally and has been poised to be... Read More
Gaming chips have been made from a wide range of... Read More
Most people believe that poker tournaments are for the most... Read More
Gambling is something that millions of people enjoy for entertainment.... Read More
Welcome to the fifth in my Texas Holdem Poker Strategy... Read More
The obvious advantages of gambling in a cyber casino are... Read More
Against the popular belief, gambling did not originate in the... Read More
The role of a 'bookie', the common name of the... Read More
The word class, used by handicapper is no abstraction. The... Read More
It never ceases to amaze me just how many sports... Read More
On October 25, 2004 Harrah's announced the creation of the... Read More
All of the online poker rooms offer you the opportunity... Read More
Even though they look pretty much the same and they're... Read More
Blackjack Basic Strategy, played perfectly in a game with favorable... Read More
I receive many emails each week from people who deposited... Read More
FreeAdGuru Steven says it is all about pre selling. Do... Read More
If you are like the average, recreational Blackjack player, you... Read More
In college they have trends and in the pros they... Read More
As you will read in this article, the removal of... Read More
After Blackjack and Craps, video poker gives you some of... Read More
Multi Table Tournaments (MTT) are currently very popular due in... Read More
Over the years, the various gambling games and the gambling... Read More
The CrapshooterThe Secret of The Inside NumbersPssst...! Wanna know a... Read More
Let's begin with a little bit of basic knowledge about... Read More
Very common and popular system among newbies who like roulette,... Read More
Texas Hold em Poker (also know as Holdem Poker) is... Read More
When we think of bingo, genius and brainpower don't always... Read More
Pssst...! Wanna know a secret?How about the secrets of laying... Read More
'Blackjack' is one of the oldest games played in United... Read More
Its really not that big of a stretch of the... Read More
This article is going to discuss how Chaos Theory applies... Read More
Roulette is a fun exciting and simple game to play,... Read More
Of the card games that have been played since 900... Read More
Looking to find out what kind of games can be... Read More
Maybe you haven't played online roulette before, or you are... Read More
To be successful at poker you should, at any time... Read More
I was recently invited to play in the Daily Invitational... Read More
Online Poker RoomsRapidly Growing in PopularityPlaying online poker is fast... Read More
I love Major Millions. And realistically speaking, there's not really... Read More
All of the online poker rooms offer you the opportunity... Read More
It's been proven time and time again that the majority... Read More
Are you interested in playing craps online? Are you tired... Read More
As poker continues to gain more and more mainstream acceptance,... Read More
Is your lack of confidence hurting your poker profits in... Read More
Las Vegas comps or casino bonus extras from an online... Read More
The table below gives a basic drawing strategy for a... Read More
Freeroll poker tournaments are daily events that happen on a... Read More
Casino & Gambling |