Betting strategy
From Infogalactic: the planetary knowledge core
Lua error in package.lua at line 80: module 'strict' not found. A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must overcome the house edge. Betting systems are often predicated on statistical analysis.
Examples
Common betting systems include:
- Card games – Card counting
- Roulette – Martingale
- Sports – Handicapping
- Martingale
- Kelly criterion
- Split martingale
- Anti-martingale
- d'Alembert
- Oscar's grind
Horse racing
Some Horse racing betting systems can be based on pure statistical analysis of the odds, while others also analysis of physical factors (e.g. the horses' form, jockey form and lane draw). Common forms of betting systems for horse racing are:
- hedging- betting on multiple outcomes in a race
- arbitrage- lay the horse a low price and back it at a high price
