Oskar's Grind

The name "Oscar" might bring the idea of a Hollywood star who miss out an award but this system is actually related to a gambler known as "Oscar" back in 1950's and 1960s. He produced in depth records of steady profits. The particulars of the "Grind", is given here.

How a player bet in this system

In this system, a player bet just a single unit, if he wins then the series will end and one can start a new sequence. If a player loses the bet, the following bet will be of the same size like the bet he lost. When a player wins a bet, the following stake is a unit larger. This will continue until the player has to net in excess of a single unit of profit. At that certain point, just sufficient is wagered in order to net 1 unit, only when the bet wins.

The principle of betting explained

For instance if a player wager one unit and then lose then it will be -1 unit. In this case, the player begins with a loss. Therefore, the subsequent bet will remain at 1 unit. If he win the next bet, then it will be + 0 units. If in the nest bet he bet one unit and lose then it will be -1 unit. As the player is seeking just 1 unit win intended for the sequence, so he do not raise his bet to 2 units. If the player loses the nest three bets then he will stay with just 1 unit stake.

Suppose the sixth bet is a win then the player can increase his bet to 2 units. If the seventh bet is also a win then the player needs just one unit wager to win the whole sequence. If the eight bet is a loss then the ninth bet is 1 unit. Finally, when the tenth stake wins the player wins the whole progression. The point to note is that out of the ten bets, nine were just one unit bet. This makes this system less volatile and more conservative.

The example explained above consists of five losses and five wins. This is good because this system do not escalate your losing bets quickly. Therefore, if you want to increase the chances of your win and minimize your losses, you can employ this system.