Martingal or Martial Arts as it is also called is a game strategy developed in France in the 18th century and used in roulette games. This strategy is based on doubling the stake at a loss. If a player bet 2 chips and loses, the same player bets 4 the next time and so on. This means that a bet of 400 kr will be 800 kr in dividend on winnings (400 kr for your bet + 400 kr in profit). But it also means that the gaming system has a deposit limit due to the casino’s maximum limits. Consequently, if you lose enough on an earlier stage, you can not win the bet. Many experts advise using Martingal just because of the inherent uncertainty that the strategy has.
Kelly Criterion was created by researcher John Larry Kelly Jr. He worked on what is now called Nokia Bell Labs. Kellys Criterion is a game system that is used as much in the gaming world as in the financial world. In the Financial World, the system uses the system to calculate the optimal size of an investment. Over time, Kelly Criterion is the most successful system. It has been stuck by many different tests of the formula. However, the success of the formula is dependent on a number of other factors in order to be able to look better than other systems. This can be explained by the fact that the personal wishes of winning or getting a return can exceed how much you can win and the likelihood of this. When it comes to investment, the willingness to return may exceed the actual growth rate. The formula in the Kelly Criterion is written as follows:
F = bp-q / B = p (b + 1) -1 / b.
f is the size of your bankroll, how much you should bet.
b is the net odds that your bankroll has (b1 you become how much you can win in addition to your bet)
p is the likelihood that you will win
q is the likelihood that you will lose
Stop loss is used primarily in stock and equity trading but can also be used in gambling and conditions. With the “Stop Loose Method” you can predict how much money you risk losing for each new bet. This allows the player to respond easily and take action at the right time if you have misjudged an earlier bet. “Stop loss” also offers help when it comes to calculating.
“Risk-reward ratio”, ie the relationship between risk and reward / profit. “Stop loss” can be said to consist of 2 steps. Step 1 consists of terms or variables that are unique in each situation and in front of each new bet. There may be a odds on a particular match or the likelihood of a player being “alive”. Step 2 consists of the “risk” that is, how much a player is willing to bet on the given odds or probability, given the conditions. If the calculated dividend is less than the bet, it is not worth betting. In this way, you have protected your stake or the gain you had previously from reinvesting and losing. “Stop losing” means “protecting the profits”. It may be equated that completely sonika leaves the table after having a loss area. But the difference with Stop loss is that the player can always calculate the odds in advance to get some better conditions.
All games have a built-in risk. No matter what strategy you choose or any bet you can never be sure to win. Therefore, it is very important to remember the following three basic rules:
Never bet more money than you can afford to lose.
-Never make too much effort.
– When it’s time to quit. Do not play for too much time, either in or out of season.
There are also many myths and misconceptions in the gaming world. One of these is “The Gambler’s Fallacy” is about a relationship between quantity and repetition. That is, if something has happened a certain number of times earlier, it will happen more often or more rarely later. This can be translated into the game world; if i lose a lot now i will win more at a later time. But just as the Swedish casinos have said earlier, there is no evidence that it would be that way. On the other hand, there are countless evidence that shows the opposite. That it’s all about the chance. If I win or lose in roulette, nothing has the skill to do. To become a successful player, you need to understand game theory and to make risk analyzes. Once you understand the game, you can appreciate it and have fun.