If you check to see where the headquarters of the online casino gambling establishments that you like to visit are located, you'll discover that a great percentage of them are based in the Caribbean (there and Gibraltar) -- on the islands of Antigua and Barbuda, specifically. But as of late, a global pool of lawmakers and online casino gambling detractors, including the WTO (World Trade Organization) itself are trying to get these establishments shut down.
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Fortunately for us players, the boom in online casino gambling has a life of its own -- one that will not so easy be quashed. In fact, a panel investigating the dispute ruled that the U.S. was in violation of its own financial regulations when it gets in the way of American financial institutions engaging in transactions with Antigua-Barbuda online casinos. Score one for online casino gambling.
Actually, score more than that. Numerous countries are starting to face facts about the lucrative business of online casino gambling and finding ways for their local economies to capitalize on the craze. Not only does online casino gambling provide to the local communities that license and regulate them enormous sums of money in the form of tax revenues, but the online casino gambling industry also fosters huge job growth in whatever geographical areas it touches. Consider Antigua-Barbuda, where 30% of the residents are employed by online casino gambling establishments.
It is surely with incentives like those in mind that Prime Minister Tony Blair is trying to enact new legislation in the U.K. that will likely encourage more casinos to be built and a rise in casino gambling throughout the country. Supported by 53% of British voters polled, the new Bill if enacted will, among other things, remove all slot machines from around 6,000 different places and allow them to be placed together in new casinos with extended hours of operation. This legislation may even coax existing online casinos to move their bases of operations to Britain. Many observers and analysts believe this will inevitably lead to other similarly supportive measures aimed at online casino gambling as well.
Meanwhile, the French reportedly gamble 2 times more and for 3 times longer than their British counterparts. France's citizens have been enjoying online casino gambling for years, especially since a loophole in European Union policy that heavily restricts land-based casino gambling (essentially requiring any French citizen who wishes to gamble to do so exclusively in state-run operations) has no bearing on online casino gambling, practically ensuring the industry a steady stream of eager participants. In fact, many believe that the popularity of online casino gambling is responsible for the skyrocketing demand for high-speed, broadband internet service.
The Australian government is getting into the action as well, granting an online casino gambling site a license to open a customer service center in the state of Tasmania. Recruiting has already begun, and an estimated 300 jobs will be created in the high-unemployment area.
A growing interest in online casino gambling in Asia has led to one of China's most popular pastimes - the 4,000-year-old UFABET card game Mahjong - being offered as a multiplayer online casino game. Approximately 45% of Chinese people polled report that they play Mahjong regularly for money and whether China permits online casino gambling or not, there will be no shortage of players worldwide flocking to any site that offers the game.
Recently a campaign has been put into motion to legalize online casino gambling in Japan as well, supported by the country's Liberal Democratic Party, currently in power. Several departments in the government have been brought in to figure out how to make this work for Japan's economy, and it is expected that online casino gambling operators may be invited to contribute to the talks in due time.
And online casino gambling may be right around the corner for Israel, the country's social and economic cabinet having just given permission for two horseracing tracks to be built, equipped of course with full-fledged betting. In order to make this work, the Israeli government will be obliged to lift its long-standing ban on sports gambling.
In this article, we'll explain 6 popular betting systems that you can experiment with in your online casino gaming experience. Truth be told, these timeless, tried and true betting systems originated in the world of offline betting, but they apply equally as well to online casino gambling, no matter what the game, no matter what the betting structure.
Before You Begin: For most of these systems, you will need to decide what your betting unit will be ahead of time (such as the minimum allowable bet at the game and online casino in question).
1-3-2-6 Betting System
This is what's called a Positive Progression system, meaning that as you win, your bets increase. The foundation of this online casino betting system is the premise that a player can win any game a maximum of 4 times in a row before they'll probably lose.
Here's how the system works:
- Bet 1 unit each betting round until you win a round;
- After you win a round, bet 3 units on the next (second) round;
- If you win a second round in a row, bet 2 units on the next (third) round;
- If you win a third round in a row, bet 6 units on the next (fourth) round;
- Then, no matter what happens (win or lose) return to the beginning of the pattern, betting 1 unit per round until you win one, etc.
The risk-reward scenario with the 1-2-3-6 betting system is simple. You can win as much as 6 times your original bet after 4 rounds of play while only putting 2 units of your own at risk.
The worst case scenario with the 1-2-3-6 betting system is that you lose 6 consecutive times in the second round. No matter, though. You can make it all up by winning 4 times in a row.
The Martingale System
This is a Negative Progression system, meaning that as you lose, your bets increase.
The foundation of this online casino betting system is the premise that a player cannot possibly lose an infinite number of times without ever winning a single round. Therefore, what the Martingale system is designed to help you do is offset all of your accumulated losses with a single win.
Whether you consider it cynical, realistic, or both, this system works best in cases when the online casino game is paying out a 1 to 1 payout ratio on each bet. Here's how it works:
- First, place whatever bet you've decided to start with;
- If you win, bet the same amount again, but if you lose, bet double the amount;
- If you lose again, you double your bet again.
The downside to the Martingale system is that you need a large bankroll to start out with as well as the resolve to keep increasing your bets as your losses compound. Not just anyone can pull this online casino betting system off.
In the rarest of cases, you may, after enough losses, reach the online casino's betting maximum and then not be able to raise your bet further or offset your losses with one win.
The D'Alenbert System
This is another Negative Progression system. It's also considered an Insurance System in that, as you win, the size of your bets increase. Here's how it works:
- Each time you lose, you raise your bets by one unit;
- Each time you win, you lower your bets by one unit;
This system also requires a large enough online casino bankroll to pull it off.
By adding the insurance system to the negative progression system, you're hedging your increasing losses by pulling some profits off the table each time you win.
The Labouchere Betting System (a.k.a. The Cancellation System)
This system, another Negative Progression, is somewhat more complicated than those listed so far. Depending on the odds in whatever online casino game you're playing, you'll come up with some sequence of numbers -- of any length you wish -- and not necessarily sequential.
Each number in your sequence is a multiple of your predetermined betting unit (7 therefore is 7 times your betting unit; 5 is 5x, etc.) Here's how it works:
- Your first bet should be the sum of the first and last numbers in your sequence;
- If you win, cross out those two numbers you just added together (the two outermost in your sequence) and bet the sum of the next two;
- If you win again, cross out those two outermost numbers and repeat the process
- If you continue winning until you have no more numbers in the sequence to add together, you simply start from the beginning with the entire, original sequence.
However:
- If you lose, you add to the end of the sequence, the sum that you had just used, thus creating a new sequence;
- Crossing out no numbers at all (because you didn't win yet), add the first number in the sequence to the new last number that number and use that new sum as your multiple;
The supposed benefit of this complicated betting method is that anytime you have to start over with the original sequence, you come out with a profit. The drawback is that you can accumulate enormous losses before you ever win (if you ever win).
Your success at the Labouchere system really depends on selecting the right sequence.
The Paroli System (a.k.a. The Anti-Martingale System)
This is another Positive Progression system. More than simply selecting a unit of betting, with the Paroli system you also need to determine two other criteria before you begin:
1. A cap: The uppermost amount at which you will stop increasing your wager and return to your starting unit;
2. A multiple: How much you'll increase your bet every time you win (1 unit, 2 units, 3 units, etc.)
You should base these factors on the odds of the online casino game you happen to be playing. The appeal of the Paroli System is that you can play at the online casino for a while with a small bankroll. You cut your losses and let your profits ride.
The Parlay System
This is another Positive Progression system. Similar to the Paroli System, the effect of the Parlay system is to "pyramid" your profits, meaning that every time you win you wager both your winnings and the amount of your initial bet as your next bet.
The reward of the Parlay system can be huge. The risk is that you can lose it all in a single bad online casino beat.