Good Betfair Trading Strategies

Good Betfair Trading Strategies

Like any old game of chance, whether it is basketball or roulette, there are betting strategies that any gambling aficionado will be able to recognize. But the question is, what are the good ones?

Old 1978 mysterious blueprint

One of the most known roulette strategies that has been circulating in secret for several years is the infamous 1978 cardboard roulette wheel trial created by an Australian engineer, Bruce McIndie. The wheel was designed to explore the effects that different variations of the roulette wheel had on the results of the game.

The proven techniques

In the game of roulette, the house edge is determined by the numbers that can be seen on the wheel after the ball has been spun. The house edge is fixed by the quantity of slots that the ball can fit in and by the minimum bet that players would have to make in order to stand a chance of not going home empty-handed.

The game of roulette is partially manufactured, it is a fact that the wheels in place today are identical, from the factory. The probability of the ball landing on any specific slot is equal and random. However, there are other factors that can be taken into consideration to anticipate the possible outcomes.

The basic technique in this game revolved around the prediction of the possible outcomes of the ball falling on a particular slot. Bruce MacIndie, an engineer by training, used this technique to prove his point that the outcome of the game could be unpredictable despite the RNG producing numbersmonsters.

The proof was contained in the fact that the computer programs he developed could predict the ball proceeding to another slot, provided the initial spin was not completely random. This knowledge gave impetus to the development of more accurate programs that could predict the ball in advance. It proved to be a very useful program, one that was employed to great effect by the majority of casinos at the time.

Re-stress, rinse and repeat

The development of the roulette strategy software was not without its pitfalls. The casinos were not exactly keen on the idea of technology dissipation, given that the technology would mean a higher edge for them. But like so many other ventures, the strategy created quite a stir and many new versions of software were born.

Many of these new software versions were output by well-known programmers who themselves had worked in the casino industry and had turned to gambling as a way of making a living. While some of the spin was in the Third Strike team, it was the more successful ones that came out on top.

Some of the spin was done by coded methods in the algorithms used by the online casinos. Re-stablishing the online casinos as new business ventures did not help, as they would be playing with an edge. In some cases, the casinos tried to make the games more difficult to win, like the slots. By adding more features in these games and by regulating gameplay, they hoped to reduce the edge in their favor.

Fortunately, the Third Strike team were at the forefront of these problems, and like many other endeavors they proved to be successful. Online Vodka138, such as Bwin, were even willing to help fund research into the online roulette and created some research groups to study the game. By the late 1990s, the online casinos were generating more than enough revenue to make these studies worthwhile.

In the 2000s, abide by the law

Gambling law schemes, in many places, are loosely regulated. Find out how online casinos are regulated. If you live in the UK, online gambling was almost legalized. The government put strict regulations on financial transactions, though, you can’t actually use your funds to play online casinos. Some people in the UK still try to find ways to get around the law, by playing through online casinos that are not regulated.

If you live in the US, online gambling became a bit of an issue in the 2006 bill, though state by state laws differ. Online gambling showed some progress in 2007, with the passing of the Unlawful Internet Gambling Enforcement Act. Several online casinos had to cease their services to US players.

Despite this, there is still progress being made in the world of online gambling. Online casinos in places like New Zealand are now licensed to offer their services to residents there, and it is only a matter of time before they can do the same in the United States. It seems that ingrained in most American culture, the basic notion of gambling is still alive, and those that try to seek out ways of making money from gambling, will be forever rooted in that old concept.