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Free Betting Systems

With the advent of online gaming it has become possible to bet on many different sites all of whom are desperate for your business. So desperate in fact that they will give you free money just to join.

Just take a look at some of the Casinos and betting sites we have featured on this page. Some are offering huge bonuses when you deposit funds. You can use this money to your advantage and make hundreds in a very short time.

Most people visiting these sites will of course very quickly lose their money. This is because they have no plan and lack discipline. Casino owners are not stupid and ensure that the odds are always against the customer. Betting exchanges make their money whether you win or lose.

There are people making huge sums of money from both online casinos and the betting exchanges. If you are able to control the urge to chase losses and follow some very simple rules you can make an incredible amount of money.

There are many betting opportunities available online. On this page we will share with you some of the methods we have used to make in one day sums it would usually take a week or more of work to earn.






Roulette

The game of roulette dates back to the 18th century. There are two main variations, European and American. The European roulette wheel has 37 slots and the American 38. The European wheel has 18 red and 18 black slots with one green slot (the zero). The American roulette wheel has two green slots.

In this article we will discuss only the European version of the game as the American version with it's two non winning green slots really stacks the odds against the player.

There are many ways to bet on the outcome of a spin of the roulette wheel. Bets can be placed on odds and evens, red and black, single outcomes and multiple outcomes. The fact is though that to have the best chance of winning a simple method is the best.

The System

Firstly you will need to register with a casino that runs a suitable roulette game. Ladbrokes is a good one as they are a reputable company who promptly pay out winnings. Also their tables have a very low minimum bet and a high maximum bet.

Now choose an outcome on which to bet. This should be red or black or odds or evens. This way you have a 50% chance of winning except of course for that pesky green slot! For our purposes we will assume you are betting on colours. Place your first bet with the minimum amount possible. If you win change colour and bet again with the minimum amount. If you lose, stick with the original colour only this time double your bet. Continue to double your bet until your colour comes up. When you win you will find you are up by the sum of your original bet. When you win you must always reset your bet to the minimum and start again!

Should you land on green you should stop and reset to your original bet amount and start the process over again.

The reason this system works is basically down to the law of averages (law of large numbers). Every time a particular outcome occurs the chance of it occuring on the next turn diminishes. There is a very complicated looking formula for the probabilities involved:

martingale

You don't need to understand the maths, you just need to be able to stick to the plan.


The Rules
  • Deposit enough money to cover a losing streak of at least seven turns (such a run is highly unlikely).

  • Double your bet when you lose and reset to the start when you win or land on green.

  • Decide on an amount you want o make in each session. Withdraw it and stop playing when it is reached.

  • Do not be tempted to increase the amount you bet.

  • Do not change the outcome on which you are betting until you have won or landed on green.

  • Withdraw all winnings in each session, leaving only your original deposit.

  • Do not be tempted to increase your starting stake!




The Problems

What about that green slot?

The green slot breaks the run of results and adds one extra loss the the maximum possible. Many people make the mistake of continuing to double their bet when the green comes up. You must reset when this happens to minimise the risk of total loss.

What if a long run of losing results does come up?

The chances of a long run of the same result are tiny. By the time this happens you will have withdrawn your original deposit many times over. You can simply fund the account again and continue.

Stick to the rules and don't get greedy!

For more Roulette Systems Click Here!



Horse Racing & Betfair

There are several betting exchanges around including Betdaq and Betfair. The unique feature of these sites is the ability to play either or both sides of the outcome of a bet on all kinds of events. In the following section we will be discussing Betfair and Horse Racing, however these methods can be used on other exchanges and sports.

Be the Bookie!

Because the betting exchanges offer the ability to bet against(lay) a horse you can now essentially take on the role of the bookie. As long as your chosen horse doesn't win you will double your stake. Should your chosen horse win though you will be liable for the winnings of an opposing bet on that same horse to win. Laying high odds horses (those least likely to win) is technically safer but requires a large deposit with which to pay out in the unlikely event that horse wins.

Given these conditions it is preferrable to lay horses with the lowest possible odds as the earnings are the same but the consequences of the bet going against you are least damaging. The problem here is of course that those same horses are more likely to win. Unless you are a horse racing insider how do you know which horses you should lay?

Fortunately the people at www.dailydonkey.com have been doing this for some time with incredible success and they share their choices with the rest of us each day. Take a look at their amazing success rate. They publish these results for the last few years and it's possible to see how they have honed their skills over this time.

The key to following Daily Donkey's tips is to try to lay at the lowest possible odds. There is software available that allows you to set the maximum odds at which you wish to bet. You can just switch it on and it will collect the tips for you and place the bets on Betfair at the best moment. All you need do is check your winnings at the end of the day!



Dutching

Dutching is widely believed to have first been used by Al Capone's accountant.
The basic principle is to back several different horses for different amounts so that regardless of which one wins you come out ahead. The horse with the lowest odds would be backed with the largest sum. The horse with the next lowest odds would be backed with less money and so on.
There are Dutching Calculators that allow you to quickly check dutching opportunities and back each horse with the right amount.
Generally the lower the odds of the favourite the less chance there is to dutch enough other runners to be confident of a favourable outcome. Obviously it would be best to dutch the entire field but it is only in very rare circumstances that this becomes possible.
The benefits of this system are that losses are minimised but the downside is that when losses occur they can be very damaging as large sums are required to dutch many runners. This is partly due to the fact that Betfair's minimum allowed bet is 2.00GBP.
If we were able to reduce our lowest bet to a penny for example we would be better able to dutch many horses without having a total stake that is too large. Fortunately it is possible to get around Betfair's minimum bet rule.


Penny Bets on Betfair

Betfair will not allow you to enter a bet lower than 2.00GBP. To get around this enter your bet of 2.00GBP but ensure that you set unrealistic odds for the bet. If laying make the odds very low (1.01 for example) and if backing make the odds very high (90 for example). Your bet will be accepted but will be unmatched in the marketplace. Go to the My Bets tab and put your cursor in the field that shows your bet stake.

Increase the stake by the amount you would actually like to bet. Submit the new amount leaving the unrealistic odds in place. You will now have two bets showing. One for 2.00GBP and another for the amount you want to bet. Again in the My Bets tab use the red cross button to delete the original 2.00GBP bet and submit. You will now be left with one unmatched bet for the desired amount. Simply change the odds to a level that will be matched and submit again. You will now have a bet for less than the Betfair minimum.


Free Bets on Betfair

Because it is possible to bet on both outcomes of an event on Betfair you can actually bet for free or even win money regardless of the outcome of a race!

Say for example you back a horse at 4.0 and subsequently the odds on this horse drop to 2.0. Should the horse win a bet of 2.00GBP at 4.0 would win you 6.00GBP and a lay of the same amount at 2.0 would cost you the 2.00GBP stake leaving a profit of 4.00GBP less your Betfair fees of course! Should the horse lose you lose your 2.00GBP stake from the back but make the same amount on the lay leaving you with no loss!


Odds Arbitrage

The technique demonstrated above can be used to ensure a profit regardless of outcome. Taking our example from above but increasing the lay bet to 2.50GBP would have resulted in a gain of 4.50GBP when the horse won and a gain of 0.50GBP when the horse lost.

If this all sounds a but complicated to think about when betting just before a race or even in the running don't worry. There are plenty of applications designed to speed this process up and do the hard work for you. They enable you to really take advantage of the volatility in odds offered on Betfair immediately before and during a race. The wider the difference between your back and lay bets the more you stand to gain.

My favourite application is available at www.chromaweb.com. Their MTPro software is very reasonably priced and has many powerful features. The site has all the help you will need to really take advantage of all it's potential.

Click here

There are also some helpful guides available on eBay on these systems and others:



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