Want to know if that attractive-looking advert for a gambling system is a loser?
I have spent the last few years poring over every junk piece of gambling literature. I consider myself an expert on the subject. I am a connoisseur of dreadful mail-order systems. If someone in Denver is composing some ghastly streak betting system, I can smell it several thousand miles away here in England. I have a finely honed bullshit detector.
The first and easiest principle to determine whether a system is valueless or not I will christen May’s First Law Of Hucksterism. This law states that a gambling system sold through mail order is by definition worthless. This blanket statement is pretty accurate. Mail order system-sellers are almost universally charlatans who prey on human credulity and superstition. “Mail” and “online” are really interchangeable, also, the main difference being that online scamming is cheaper and more efficient.
The majority of mail-order systems depend on luck, some betting progression, “card-clumping” or some other form of pseudo-theory. Luck, for all practical purposes, does not exist. Luck is a medieval concept. Try to win at gambling by the use of a charmed amulet or lucky coin and you will slowly but surely get wiped out. You would be better off going into politics planning your career on the predictions of the entrails of a chicken.
Betting progressions, it is universally agreed, do not provide you with a long-term advantage over the house in a game of independent trials. They do change the distribution of wins and losses. Which makes them excellent for system sellers who can say something “you will win 75% of all sessions” in total honesty. I can do better than that. Try doubling your bet every time you lose. Then you will win all of your sessions. Except for one, which will be the one in which you lose everything.