Bitcoin gambling is quickly becoming more popular than traditional online gambling. Faster transaction speeds, anonymity and better transparency are some of the reasons why new players prefer gambling with Bitcoin and why veteran gamblers are gradually migrating to crypto casinos.
Despite all the risks associated with it, gambling is fun and entertaining, which is how the majority of players see it. For the rest, though, gambling is all about making a profit.
In case you happen to be one of the latter and are looking for a way to earn money from gambling, you should know that having a gambling strategy or a system in place is essential, especially if you gamble frequently.
The good news? We’ve got just that for you.
To help you get started, we’ve prepared some of the most popular strategies used by experienced casino players. We will show you their pros and cons, help you pick a strategy that suits you the most, and even give you a few tips on how to manage your bankroll and gamble responsibly.
Understanding Bitcoin Gambling Strategies and Systems
Bitcoin gambling strategies are designed to maximize players’ chances of winning in various games of chance and are most often used when betting on sports or playing casino games.
Unlike some strategies that are based entirely on luck and won’t get you far in life, skill-based strategies utilize risk management principles, probability, statistical analysis, and many other models and principles that make them much more reliable than luck-based strategies.
However, before you get ahead of yourself, make sure to remember that no gambling strategy is foolproof. Even though skill-based strategies are backed up by math and probability, luck still plays a major role in casino games, and you should prepare yourself for both wins and losses.
While a good tried and tested gambling strategy may help you make a profit and minimize your losses, gambling is inherently unpredictable, and no strategy will help you win all the time, so be wary of systems that promise you riches.
Despite that, no strategy is the same and some strategies are used more often than seasoned punters and gamblers simply for performing better than the rest.
Popular Bitcoin Gambling Strategies
Believe it or not, there are dozens of betting strategies you can use for playing in a casino or sports betting. However, before you decide on which strategy you should use, there are several different aspects you should consider.
First things first, you should know that most strategies are designed for specific games. For example, the Martingale strategy is most often used in roulette or blackjack, while strategies like value betting are popular among sports bettors and poker players.
Granted, while you may use any strategy however you see fit, chances are the strategy won’t be as effective.
Similarly, you should keep in mind that some strategies are better suited for smaller budgets while others require you to have a hefty bankroll in order to make the most of the strategy and push through a series of unfortunate bad beats.
With that in mind, here are some of the most popular strategies often used by gamblers.
D’Alembert strategy is ideal for even money wagers. Because of that, D’Alembert’s strategy is most often used at the roulette table.
The idea behind D’Alembert’s strategy is that red should come up around the same number of times as black during a roulette session, so you should either finish the run dead even or make a profit. In theory, at least.
To use D’Alembert’s strategy, and many other betting strategies, the first thing you should do is determine your base unit size. The unit size depends entirely on your budget, and it can be $1, $5, $50, or any other amount. It can also be a percentage of your entire bankroll.
Once you have your unit size, the next step is to simply begin a cycle and stake one unit when placing a bet.
In case you made a losing wager, you should increase your next bet by another unit. For example, if your unit size is $5, you should bet $10 the next time. If you lose again, you should add another unit size to your previous bet, meaning your next bet should be $15.
If you win, you should decrease your current wager by one unit size. If your previous wager was $15, the next time you bet you should stake $10.
That’s it—that’s all there is to D’Alembert’s betting strategy.
Paroli betting system is most often used in roulette and blackjack. The idea behind this system is that wins and losses should, technically, come in streaks, and the goal of Paroli’s betting strategy is to land three consecutive wins in a row, all whilst doubling the wager whenever you land a win.
As is the case with D’Alembert’s strategy, you should begin the cycle by betting a single unit on an even money outcome, such as black or red at the roulette table.
In case you make a losing wager, simply make another bet and stake a single unit.
If case your first wager is a winning one, you should double your current wager, meaning you should bet two units.
If your second wager is a losing one, you should revert to betting a single unit. However, in case you land a winning wager, you should double your current wager once more, meaning you should bet four units.
After your third wager, you should reset the progress and begin a new cycle by betting a single unit, regardless of whether you won or lost the previous bet.
The Martingale system is another even money betting strategy, making it ideal for roulette betting.
The idea behind this strategy is to double your initial wager each time you lose a bet. By continuously doubling your initial bet, you should recover any previous losses once you land a winning bet, and also make a small profit.
To use Martingale’s strategy, you should start your cycle by betting a single unit on either red or black.
In case you lose your wager, double your bet. For example, if you bet $1 and lost, you should bet $2 next. In case you lose again, bet $4, then $8, then $16, and so forth. You should keep doubling your wager whenever you lose a bet.
Once you land a winning bet, reset the cycle and bet a single unit once again, which would be $1 in this example.
Assessing the Pros and Cons of Bitcoin Gambling Strategies
As we mentioned earlier, no betting strategy is foolproof, and even though these strategies make perfect sense in theory, the reality may be much more different.
For example, the Paroli system has minimal risk to it, since you’re increasing bet size with every win and the money you win from betting, rather than dipping into your own bankroll. It can also net you maximum profits if you manage to land three consecutive wins.
Unfortunately, that is not always the case, and you may lose a lot of money trying to land three consecutive wins and decide to call it quits.
On the other hand, Martingale is easy to learn and even easier to apply. It can help you recover from early losses, but at the same time, it is also significantly riskier than the Paroli system. Not only that, but it can quickly deplete your bankroll with just a few bad beats.
When it comes to D’Alembert’s strategy, this system is fairly balanced—it is a tad riskier than Paroli’s strategy but not as aggressive as Martingale’s system.
However, the D’Alembert system doesn’t improve your odds at the table, meaning you will be facing the same house edge as usual, and you might struggle to make a profit in the long run.
Each of these strategies has its own pros and cons, and which one you should use depends on your bankroll and your play style.
The good news is that there are plenty of other strategies out there, and if you would like to explore your options, some of the most popular ones include strategies like the Andrucci system, Fibonacci’s strategy, value betting, Oscar’s Grind, and Labouchere’s system.
Developing a Personalized Bitcoin Gambling Strategy
Once you have a good understanding of some of the most popular and effective gambling strategies, it will become significantly easier to pick a gambling strategy that suits your bankroll and play style the most.
Of course, you don’t have to stick to a single strategy. If a particular system is not working out for you, you can evaluate your previous records and select a new strategy that might be a better fit.
Similarly, you can also find inspiration from one or even a few strategies we included and develop a personalized strategy that caters to your needs.
To do that, the first step is to identify your personal goals. After that, you should take personal preference, bankroll, play style, and risk tolerance into consideration and develop a strategy that is unique to you and quite possibly even more effective than the strategies we provided.
Tips for Implementing Bitcoin Gambling Strategies
Apart from the strategies we mentioned, there are several other aspects you should master that will help you make a profit in the long run, one of which is bankroll management.
So, what is bankroll management exactly, and how does it work? More importantly, why is it important for gambling?
Bankroll refers to all the money you set aside for gambling, and it can be a weekly or a monthly amount. Many of the strategies require you to bet flat unit sizes or small percentages of your entire bankroll—the amount you should wager per bet depends on how aggressive your playing style is, and your budget.
As far as bankroll management goes, think of it as a long-term strategy designed to help you minimize your losses, resulting in an overall profit. Simply put, it is how you manage the money you use for gambling.
In addition to bankroll management, you should carefully select the game you want to play at a casino—pick a game with favorable odds and a low house edge.
Of course, make sure to understand the rules inside and out, so that you can make the most of any strategy you decide to use.
Lastly, make sure that you are gambling responsibly. Even though leading online operators regularly advocate for responsible gambling, a good chunk of that responsibility falls onto players as well.
In other words, bankroll management is only as good as your discipline. Strategy or not, bad streaks happen to everyone, so you should try your best to always stay levelheaded. Instead of betting with emotion, make sure that every bet you make is practical and well-calculated.
The Wrap Up
Gambling strategies are a must-have for anyone serious about gambling and any players who plan to make a profit from gambling.
While we have mentioned only a handful of strategies in our guide, you should remember that you are not limited to a single strategy. Instead of sticking to one strategy, you can always mix things up a little and find a strategy that works the best for you, your playstyle, and your bankroll.
The most important thing is to make sure you always stick to your budget. Gambling is inherently risky and everybody loses, even seasoned gamblers. No matter how effective your strategy is, you are always at risk of suffering a bad streak and losing money.
Therefore, it is extremely important that you gamble responsibly—bet only with the money you can afford to lose, don’t chase your losses and make sure you stop and take a short break if gambling is affecting you negatively.