A betting strategy or betting system is a structured approach to gambling intended to counter the inherent bias held by the house in casino and card games and by bookmakers in horseracing and sports betting. A successful strategy should increase the odds of winning in order to produce long term profits from a pursuit which under normal circumstances will only ever result in a long term loss.

All betting systems are predicated on statistical analysis, seeking to exploit the rare circumstances when the odds are in the favour of the player. Though the basis of all risk is fundamentally the same, betting systems vary in relation to the rules and circumstances of each particular game. The most established betting systems include:

• Card games – Card counting
• Roulette – Martingale
• Horse racing – Hedging, Arbitrage
• Sports – Handicapping^{[citation needed]}

Links

• The Truth About Betting Systems from Wizard of Odds

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