Unless you’re living under a rock, you would have heard about the mythical character named King Midas. The latter is a monarch who made a wish in which everything he touches will turn to gold. The wish was granted and indeed, things around him becomes golden. Let’s reserve the moral of the story for a while because this post is about how we can make each spin of the roulette wheel a golden one for you.
The Midas Roulette Betting Method
It’s safe to say that the name of the strategy was derived from the story’s character. Let’s see why this betting method is named as such.
Aside from roulette, the Midas Method can also be used on blackjack, baccarat, craps, or any casino game wherein there’s an even chance bet. Whether you’re playing in online or offline, there are three types of even chance bet which offers the player near 50/50 chance of winning: the Color Bet, Odd/Even Bet, and the Low or High Bet.
How to Use the Midas Method
This betting strategy is, to put it simply, more of a money management than a pure method of betting. This is why it can be used in other casino games.
In a game of roulette, to use Midas means the player increases the amount of the bet on the next spin when he wins. Meanwhile, he decreases the bet amount on the next spin when he loses.
To better understand the Midas Method, consider this scenario:
- Suppose you have already decided how much money you intend to win in a particular roulette system. For instance you just want to win £50.
- Next, you divide the amount into four but unequal parts. The first should be 40% of the total goal amount. The remaining three should be 20% each. In our example’s case we have these portions: £20, £10, £10, £10 = £50.
- As already stated, the player only has to wager on an even chance bet. In the first wager, you bet £20 on either red/black, odd/even, or high/low.
- If the player wins, he will then cross off the £20 from the list. What’s left will be the 3 £10’s.
- For the next round, since he wins, the player increases his bet. To do this, he only has to add together the first and the last number on the series. In our example, the first is £10 and the last is also £10. Therefore, the next bet would be £20.
- In a realistic setting, the player might lose. In that case, he will not cross out the £20. He will instead include it on the series and put it at the end of the line. Much like this: £20, £10, £10, £10, £20.
- Since he lost the round, the next bet would only be the first number, which is £20. Again, we will only increase the bet if we are in a winning streak.
- What’s left is to repeat the process until all of the numbers in the lineup have been crossed out.
For a quick rundown, here’s how it will happen (again using the £50 scenario):
First bet (£20) wins – cross off the £20 from the lineup, add the first and the last. Second bet (£20) loses – add the bet amount to the end of the line. For the third bet, we only have to use £10. The third spin wins and so we cross off £10 from the line, and add the first and last number together. We now have £30 betting amount. And the pattern goes on.
Our advice, for every successful cycle, make bank of your winnings. Then repeat the first step of having a win goal amount.