Oscar Strategy

Created by a professional gambler named Oscar (duh), this strategy was one of the first created by use of a computer.  Using a state of the art (for 1965 anyway) IBM790 computer and basing his strategy on 280,000 spins with unlimited resources*, it showed excellent results using small bets.

Here’s how it works:

Choose a value for your bets. This amount may be $1 or more, depending on how much money you have at your disposal and how you want to manage the risk. After that you need to choose a color (Black or Red) and to bet on it only (you may also choose Even or Odd or 1-18 or 19-36).

You start by betting $1 on red, for example. If you lose, you bet $1 again on the same color. In case you lose one more time, you bet $1 again. Let’s say that you lose again and you will need to bet $1 again. However, if you win this time it is considered that you may have a winning streak and you need to raise your bet with $1 and place a bet of $2. If you win again you need to place a bet of $3.

Here’s how a session would look:

Spin №

Bet

Outcome

Balance

1

1

Lose

$-1

2

1

Lose

$-2

3

1

Lose

$-3

4

1

Win

$-2

5

2

Win

$0

6

1

Lose

$-1

7

1

Lose

$-2

8

1

Win

$-1

9

2

Win

$+1

End of Session

When your balance becomes $+1 positive the session is over, you have generated profit and you may start a new session with $1 bet again. With this strategy you need continue the session until you have +1 unit and then you may start a new session.

*Remember, unlike Mr. Oscar you will not have unlimited resources.  This will work well over time but keep an eye on your bankroll.

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