December 13, 2011

The Roulette Scam

You must have seen them. There are so many Roulette systems and software available on the web these days that I’d be very surprised if you haven’t.

The websites are very well designed, often with videos and all the usual testimonials, and they all show you how easy it is to win at roulette if you use their particular system or software.

Many of these will have fancy algorithms that monitor the numbers and are able to make predictions with ‘stunning accuracy’ on what’s coming up next. Often they will be ‘taking advantage’ of the casino’s own computer algorithms and beating the computer at its own game.

You can get free trials of this software to use in ‘paper trading mode’ and you’ll find it does indeed make a few dollars, for a while anyway.

So what’s the scam?

Well, to put it simply they don’t work. They don’t work because they can’t work. No matter what they say, it’s mathematically impossible to win at roulette over time. The only people to win at roulette are the house.

So why do all these websites go to such trouble to convince you otherwise? Many of them will even give you their software or systems for free.

It’s because of the relationship the software/system vendors have with the casino’s they tell you to use.

They are all affiliates of the casino sites.

Now, just to explain, an affiliate is a person or company that promotes another site and gets paid whenever a customer buys from the site that they have sent them to.

It’s how most online business is done these days and all the major and minor companies from Amazon to eBay use affiliates to get their customers. I’m an affiliate myself and have no problem at all this kind of marketing.

But it does have a dark side, and this is blatantly obvious when it comes to casino products.

Here’s how it works.

The roulette software creator signs up as an affiliate to various online casinos. He then sells, or gives away, his software to unsuspecting customers telling them how they are going to make a lot of money with his product. The customers start using the system or software by signing up to the casinos that the vendor recommends (remember he’s an affiliate of these casinos). When they sign up, he gets what’s known as a CPA payment which basically means he’s paid for bringing the casino a new customer (like a lamb to the slaughter). He’s usually also on what’s known as a Revenue Share scheme.

You can guess what that means.

The casino pays him a share of whatever ‘revenue’ is generated by that customer… in other words, their losses.

So he gets you to sign up and play his system. If you’re lucky you may win a few times, but that’s fine because he gets his CPA commission. If you’re unlucky, you’re losing from the start. If you’re anyone else, you’ll be pleased that you won a few quid, believe the system or software really does work, and carry on playing a little longer at which point you lose it all and then the vendor then gets his revenue share.

It’s how they ALL work.

No online casino software or system can work long term. Fact.

Now, just so we’re clear on this. This only applies to online casino systems and software. As we already know, if you are using the right systems, software or services on sports betting then you can indeed win regularly and even make a living from it. That’s all fine and dandy.

But you can’t do it from online casinos. To paraphrase my favourite comedian, Tim Minchin, from his song ‘Take My Wife’ (You Tube it, it’s very good), “if anyone can show me one example in the history of the world of a single casino software vendor that’s been able to prove under reasonable experimental conditions that they are able to win at roulette over time… I will give you my piano, one of my legs, and my wife!”

Filed under Virtual Games/Casino by CashMaster

4 comments

{ 3 comments }

Terry Shepherd December 14, 2011 at 5:43 pm

Can’t play piano, have two legs, do you have photo of wife? Need incentive.

Graham December 15, 2011 at 12:38 pm

Watch it! Lol.

Jimbo January 14, 2012 at 4:15 pm

You are so right (about the scam) AND incidentally Tim Minchin, nothing short of a superb musical/lyrical genius. Puts me in mind of that rascal Mozart in that movie. But to the scam…
Due to a misdirected text message I thought was from a retired hedge-fund manager acquaintance of a friend of mine, but was infact some scammer posing as he, I was recommended to visit earnmoney123.com where I would get free directions on how to grab loadsamoney from roulette/online/casino. The ‘scheme’ was merely the Martingale plus some nonsense about leaving the table after half an hour and visiting the slots to avoid ‘detection’ and ‘banning’. Following the numerous links on the page delivered me straight into the welcoming arms of intercasino.
You can guess the rest. Deposit £128, they match it. Bank of £256. Table limit £200. After 25mins up by £34. After further 25 mins up £74. Hey! this really works. Just hold your nerve as black followed black followed black. Kerching! Down by £128 in just 5 minutes. Oh, well, that’s the casino’s money, I’ll soon recover it like before. Well, ‘before’ never happened again, and I was soon down to £30, which of course I cannot withdraw, only use to bet again. On what? The slots?!?
What a pity intercasino do not do horses, I could then try some of your recommendations where I would at least stand a good chance of winning some money back… oh well, y’live ‘n’ learn. It’s off to BetFair horses for me, and start again, poorer but wiser.

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