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The phrase “maximum and minimum boldness” refers to two different strategies gamblers use to give themselves the best chance of doubling their money on a bet.
Learning the difference between the highest and lowest odds is important, even if you don’t plan to use these strategies on your next online casino visit. Understanding these tactics will teach you everything you need to know about negative and positive expected bets, a key aspect of online casino gambling. We’ll talk more about it here at Xgtiger Casino.
The Basics of Maximum Boldness
The goal of the maximum boldness strategy is to double your money on one bet. This tactic only makes sense in a negative expectation game where the online casino has an advantage.
For example, the online roulette game. Your best chance for doubling your money is to bet everything on one of the even bets (the ones that pay 1:1) and say a quick prayer. If you put your chips on black, you have about a 48% chance of winning, doubling your money.
If you try to double your money in online roulette by placing several small bets across the board, you have a small chance of getting it. Remember, all the negative expectations of casino games have a house edge that continues to apply over time. That means every time the wheel spins and every time you place a bet, your chances of doubling are reduced.
The Basics of Minimum Boldness
What do you do if you play positive? That’s where the Minimum Boldness tactic comes into play.
Imagine you are playing online blackjack, following perfect strategy and card counting. Thanks to your card counting skills and handy strategy chart, the house edge in this game is -0.5, meaning the house will lose over time. Instead of placing one or two large bets, you are better off placing as many bets as possible in a denomination as low as the game rules allow. This is Minimum Boldness.
It’s as simple as this – when the casino has an advantage, it’s in their interest for you to place as many small bets as possible. That allows them to take their cut (anghouse edge) from your smaller bets.
On the other hand, once you get the online casino by the throat (like you do in the blackjack game example above), they’d rather you take a risk and possibly lose your bankroll than milk them for those small percentages in passage of time.
With a minimum audacity strategy, your best chance of doubling your money (when you have an edge against the house) is to bet as little as possible as many times as possible. The basics of the minimum bold strategy are why online casinos like Xgtiger Casino have low stakes in place.
How Maximum Boldness Works
The maximum audacity tactic is one of many strategies to counter the house edge.
Any gambling strategy you’ve read about, whether it’s a classic Martingale or a complex card counting system, is designed to break the edge of an online casino.
Using maximum boldness in negative expectation casino games is like bulk buying in a warehouse – your goal is to get the best overall price on oatmeal by buying as much of it as possible at once- together.
Check out this example of how maximum boldness can be applied to online casino gambling:
Imagine playing an imaginary casino game that gives you a 49 percent chance of winning and a 51 percent chance of losing. Under those rules, the house has a 2 percent edge.
For the sake of simplicity, say your bankroll is $1,000, and your winning goal is also $1,000. If you bet your $1,000 on an even bet, your chance of reaching your overall goal of $1,000 in winnings is 49 percent.
Adding any number of bets will reduce your overall chance of winning. For example, if you tried to win that $1,000 by placing two back-to-back $500 winning bets, your odds of reaching your $1,000 goal are only 24 percent. There are other ways of increasing your $1,000 bankroll by another grand, but none have odds as high as 49 percent.
By “by doing or dying” on a bet, you have the best chance of reaching your goal of $1,000 in winnings.
How Minimum Boldness Works
Using maximum boldness tactics is more common than minimum boldness. That’s because the minimum audacity requires an edge against the house, something that’s not all that common in online casinos.
Here’s how minimum courage works in a casino setting.
let’s say you have a bankroll of $1,000, and you want to win $1,000 more. You find a table game that gives you a 51 percent chance of winning and a 49 percent chance of losing. The goal here is to minimize the risk to your bankroll for each outcome – if you bet $1,000, you have a good chance of doubling your money, but the risk to your bankroll is a bit too high considering you have advantage. What are you going to do?
It’s safer to win your $1,000 over time (by milking the little edge you have in the online casino) than risking your entire bet on one outcome.
The least daring strategy makes the house money when they offer negative expected games – in other words, most casino games. They would rather win small percentages over time than risk giving away large payouts for accepting large bets. Using this strategy in positive expectation situations turns the tables on the house. Instead of giving them a 49% chance (and a one-time shot) of taking your bet, pool the money and take them in little by little.
Conclusion
Are you an avid gaming fan and want to know how to bet on online casino games? At Xgtiger, you’ll get the latest information on this year’s best casino games and a variety of gaming options, all in one place.
To start your online gambling journey, all you need to do is create an account on the site, deposit funds and you’ll be ready to bet on the best and most anticipated casino games.
Frequently asked questions
game to play: Big and Small (Also known as Sic Bo). The rule is simple: choose either big or small. * The dealer will shuffle 3 dice and if the total sum is between 4 to 10, betting on small means you will win. If the total sum is between 11 to 17, betting on big means you will win.
