Before busting myths, let’s take a closer look at the most popular betting systems used by Australian casino players — and whether they actually work.

1. The Martingale System

How it works:
Players double their bet after every loss, aiming to recover all losses with one win.

Example:
If you lose 10 AUD, your next bet becomes 20 AUD, then 40 AUD, and so on.

The reality:
While it sounds simple, this system is extremely risky. Most players hit table limits or run out of funds before recovering.
It can work short-term, but in the long run, it leads to heavy losses.

2. The Reverse Martingale (Paroli System)

How it works:
Opposite of Martingale — you double bets after a win instead of after a loss.

Why it appeals to Aussies:
It fits the mindset of “riding a winning streak.”
If you win three times in a row, you’ve maximised profit without increasing risk after losses.

Verdict:
Safer than Martingale, but still depends heavily on short-term luck. Works best in short sessions with a set profit goal.

3. The Fibonacci Strategy

How it works:
Players bet following the Fibonacci sequence (1, 1, 2, 3, 5, 8, …) — increasing the bet after losses based on the sequence.

Reality check:
It’s less aggressive than Martingale but still risky.
In games like roulette or baccarat, the sequence can help control betting progression — yet it can’t change house odds.

4. The Labouchère System (Cancellation System)

How it works:
Players create a sequence of numbers (e.g., 1-2-3-4-5). Add the first and last numbers for your bet. If you win, remove them; if you lose, add your loss to the end.

Pros:
It provides structure and limits emotional betting.

Cons:
Complex to track, especially in fast-paced games, and still relies purely on chance outcomes.

5. Flat Betting

How it works:
You bet the same amount on every round, regardless of wins or losses.

Why it works better:
While not as “exciting” as progression systems, flat betting minimises losses and extends playtime.
Many experienced players consider it the most responsible approach — especially for games like blackjack or roulette.