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Posts Tagged ‘let it ride’

The Let it Ride or Parlay Betting System

Sunday, February 28th, 2010

Gaming strategy is an old concept. Consistently over the years people have tried to formulate ways of gaining an edge in gambling. Gambling has been around for years and people have spent their entire lives trying to come up with ways of beating the system. Though gambling is random and based on luck and chance, many people believe that math plays a huge role in gambling.

One method is referred to as parlay or the “Let it Ride” betting system.  The parlay is a positive progression betting strategy which is similar to the Paroli system. The Parlay betting strategy is one of the oldest forms of wagering and it was originally derived from the same concepts that banks use to compound interest. This system is commonly used in horse race betting. This simple and efficient system covers the flaws of the Martingale system. The basic design follows the concept of pyramiding. That is a method where wagering an original bet plus the original winnings are put down for future bets. To utilize this system properly, you have to start making bets of any size. If you win, you put the original bet and part of the profit back down to bet again. For example, if you are playing at a $5 – $100 limit casino blackjack table. Let’s say that you are feeling lucky and begin with the maximum bet of $100. You are a dealt a blackjack and are paid 3:2 on your money which is a $150 net profit in addition to getting your $100 initial bet back. In the parlay betting system, you are working on a pyramid-based concept so you have $250 to wager with on your future bets. That $250 is made up of your initial $100 bet plus the additional $150 profit from the initial bet.

So if you are wondering if the parlay system should be used during your gaming, remember that overall it is a moderately risky strategy. You also can combine the parlay system can be combined with other strategies to maximize your win.Overall, you should play with various strategies and see which ones work best for your style and choice of gaming. It is important to know how you play and then make the right decision for your gaming skill and style.

Two More Types of Poker to Enjoy

Sunday, February 21st, 2010

Millions of people love poker. It’s a fact that poker is growing in popularity throughout the world. Just look at the huge growth in the WSOP’s popularity over the years. It’s a huge ESPN-broadcast tournament now that hands out millions of dollars to lucky players. If you like poker, here are three additional types to look into:

Pai Gow Poker-This version has some similarities to Western Poker but requires extreme patience.  Due to the length of the game a small amount of bankroll can last a long time while playing.  Players are dealt 7 cards to play against the dealer.  From these you must make a 5-card hand and a 2-card hand.  Your 5-card hand must rank higher than your 2-card hand.  Ranking is the same as Western Poker with the exception that the 2-card hand can only be a high card or pair at best; Straights and Flushes do not count. Once your two hands have been decided the cards are compared against those of the dealers.  Tied hands go to the dealer.  A player who beats both dealer hands wins equal money; this may be reduced by 5% due to how long it takes to play.  If a player wins on only one hand they are pushed.  A player who loses on both hands looses their bet.  

Let It Ride-Also referred to as Let ‘Em Ride this game is played by betting on drawing a good hand.  Each player must place an ante bet with three dealt cards.  Two community cards are drawn face down.  Players are paid on hands that are a pair of 10’s or higher.  Prior to turning the community cards over players can place an additional bet equal to the ante. Players are paid based on the strength of their hand in Let It Ride.  Payouts tables vary, but generally a pair of 10’s or higher pairs equal money with a Royal Flush.  

Regardless of what type of poker you decide to try, you’ll have hours of fun. The good news is that there are tons of great websites that offer poker and specials for any player to enjoy. Whether you are a seasoned player or a novice, you’ll find some premiere websites to hone your skill.