Betting strategies or betting systems are approaches to gambling intended to increase the odds of winning. Gambling (or betting) is any behavior involving risking money or property (making a wager or placing a stake) on the outcome of a game, contest, or other event in which the outcome of that activity depends partially or totally upon chance or upon ones ability to do something. ...
Independent Events
The following betting strategies have been recorded as being applied to games which operate on independent events. For such games, the odds of a particular outcome are identical for every bet played. No such strategy can beat the house edge (if any) in the long run, and all of them trade off many small wins for a big loss or visa versa. A game is a recreational activity involving one or more players. ... In probability theory, to say that two events are independent intuitively means that knowing whether or not one of them occurs makes it neither more probable nor less probable that the other occurs. ...
Martingale - rasing after losing, lowering after winning,
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A separate article treats the topic of martingales in probability theory. ... Jean le Rond dAlembert, pastel by Maurice Quentin de la Tour Jean Le Rond dAlembert (November 16, 1717 – October 29, 1783) was a French mathematician, mechanician, physicist and philosopher. ... Generally, regression is a move backwards. ...
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