All casino fans have, at one point, been intrigued by whether a certain betting system will work for them. Oscar’s Grind is one of the roulette strategies designed to take advantage of the table being hot and cold. This means that it is based on the fact that winnings and losses will come in streaks.
Just like many other roulette strategies, the Oscar Betting System was designed for games with easy odds. Nonetheless, in principle, it should works with other betting options as well.
To help you reach a better understanding of how it might assist you, we present you with this amazing analysis. Discover what Oscar’s Grind is and how to use it. And, of course, don’t miss out on its pros and cons, along with a brief story about its origin.
Use our tips on how to master this strategy, and stay longer in the game.
Let’s not waste any more time and begin!
What is Oscar’s Grind
How does it work?
What did I just read?
Sounds fun, but... Is it true?
Well, Let’s Just Have Fun Along the Way!
The biggest online encyclopedia tells us that it is a betting strategy for wagers where the outcome is evenly distributed between two results of equal value. This resembles flipping a coin or betting on red or black in roulette. It is characterized as a positive progression strategy.
The other name it goes by is Hoyle's Press. It was discovered by Allan Wilson in his 1965 book, The Casino Gambler's Guide. The book explored how computers were being used to "crack" popular casino games like roulette.
Wilson was interested in the probabilities, the likelihood of when the numbers appear on a wheel. And he based his research on a system invented by an anonymous gambler, known as 'Oscar'.
Bets in the Oscar Betting System are made only on the outside areas that pay 1/1. These include Red/Black, Odd/Even, and 1-18/19-36. It’s claimed that you’ll make a modest profit over time by applying the system to these bets
The calculation is based on measuring the size of bets in such a way that when a winning streak happens, a profit is made. The main concept is that there are periods of many wins and periods of many losses.
The theory promotes situations in which bets are kept low on losing streaks and increased on winning streaks, which hopefully will follow.
When these streaks do in fact happen the benefit of using Oscar’s grind is huge. But in reality, there won’t always be winning and losing streaks, which means that the strategy also has its downsides.
Well, if you are a roulette fan, you’ve surely heard of the Martingale system. If not, here is the main concept in 2 sentences:
- The strategy was designed for a game in which the gambler wins the stake if a coin comes up heads and loses it if the coin comes up tails. - The strategy had the gambler double the bet after every loss so that the first win would recover all previous losses, plus, win a profit equal to the original stake.
That sounds promising!
It simply presumes that, if you have an infinite amount of time and money to wager, every session will make a profit.
Oscar's Grind is, indeed, very similar to it. It is based on the premise that losing streaks will be "compensated" by winning streaks in the long run.
It is perhaps closest in structure to the Paroli system. In the Paroli, the bet increases by one unit in the event of a win. After just three winning roulette spins, the stake reverts to the original unit.
The simplicity of Oscar’s Grind is that the wagers start at 1 unit. They do not increase until there has been a loss, followed by a win, in which case the wager is increased to 2.
It stays there until a profit is acquired. After that, the bet returns to 1, or it increases to 3. depending on if there has been a succession of losses and then a win, but the streak still stays in the negative.
The goal is to make a profit of 1 unit with each string of wagers. You may find that keeping a track of each string is useful, and a good tool for reviewing the events later.
To illustrate the Oscar Betting System, here’s a table of the outcome after 11 bets. Here is how it might look like:
In both systems, there is no increase in risk in the case of a losing spin. The stake simply remains the same until a winning spin occurs.
Well... Yes and no.
It is firmly believed that: “For the system to win, the success rate of your bets must be 50%”
So the Oscar Betting System fulfills that criteria.
On the other hand, it is not designed to last in the long run, as: “According to the probability theory, this is hardly possible, as the strategy rules require hat the odds for your bets must always be higher than 2.0”
The advantage of Oscar's Grind is that it keeps the losses to a minimum. Unfortunately, the profits can’t skyrocket either.
However, if you stick to this Betting System, even if you endure a long losing streak, the takes won't get out of hand.
The main downside lays right is in its name - the system is a "grind". It requires attention to detail and patience. However, it does give the player a lot more time to gamble and it definitely "keeps them in the game”.
The good thing about the Oscar Betting System is that it doesn’t falter under long losing streaks, and that is certainly the main appeal of this strategy.
Undoubtedly it will cut your losses and keep you in the game longer. But as Albert Einstein said: “The only way to beat roulette is to steal money when the croupier isn't looking”.
That’s because users of Oscar’s Grind overlook one simple fact. There is slightly less than 50% chance of the ball landing on either red or black. The green (zero) pockets make sure of that.
Depending on what you’re looking to get out of the game, this system can keep you longer around the table. And the longer the game, the more fun it is, right?
We sure do believe so.
If you still haven’t had the chance, now is the time to test this strategy. Count your rounds and enjoy your returns… Who knows, maybe they might end up bigger than you anticipated. And if you reach your time or loss limit before you hit a winning streak, at least your losses will be minimal.
Responsible gambling is the name of the game. Good Luck!
05/09/2020 - 6:38 AM
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