The gambling world is filled with plenty of different casino betting systems. The D’Alembert, Labouchere, and Martingale are some of the most famous wagering strategies.
Due column betting is yet another system that’s been used by a large number of gamblers. However, it’s not nearly as famous as the other strategies that were mentioned.
If you’ve never heard of due column betting, don’t feel bad. You can learn more about this system, along with if it can make you a winner, by reading everything below.
How Does Due Column Betting Work?
Due column gambling is a fixed-profit strategy. It calls on you to increase your bet size after every loss.
This setup sounds a lot like the Martingale, which requires you to double bets after every loss. However, due column differs by calling on you to set a target profit amount before betting.
You write down your wager sizes and “due” amount in columns (discussed later). You then increase the bet size at a specific amount that’ll earn back your losses and nab the predetermined profit.
Assuming you have a large bankroll, then you can use this system with a higher degree of confidence.
After all, your large bankroll will help you better absorb losses. Provided you win at least one bet, then you can quit as a winner for the day.
Technically, due column wagering can be used in any type of gambling. However, it’s not typically suggested for all casino games due to the relatively low max betting limits.
This strategy was born in the horse racing industry. But it can also apply to sports betting as well.
Due Column Gambling in Action
One nice thing about due column betting is that it presents a lot of options regarding your predetermined target. But for simplicity’s sake, you may just want to shoot for $100 in each gambling outing.
Again, you only need to win once to reach your target. This goal is very possible over a long sequence of bets.
Here’s an example to explain:
- You want to earn a $100 profit.
- You’re a 33% handicapper in horse racing.
- The chances of you losing 10 straight times are just 1.8% (0.67 multiplied by itself 10 times).
Most of the time, you won’t lose 10 straight wagers. In fact, you’ll only lose this many consecutive bets less than 2% of the time.
The downside is that you’ll experience massive losses for the times when you can’t win. But you may be able to absorb these losses with good casino bankroll management.
You can see the merit of due column betting, given that you’ll almost always leave the track or sportsbook a winner. But how exactly do you put this system into action?
Here’s an example:
- You want a $100 profit.
- You make every wager at 3 to 1 odds (for simplification purposes).
- Here’s your column (everything rounded to nearest dollar):
|BET NO.||DUE||BET SIZE|
Here are the formulas for how I arrived at each of these numbers:
- Due + bet size = next due amount
- Example: 355 + 117 = 472 (due no. 5)
- Next due amount x odds (3 to 1 odds, or 0.33%) = next bet
- Example: 472 x 0.33 = 156 (bet no. 5)
You can see from the above column that the bets grow quite large towards the end of the sequence. You’ll need a big bankroll in these cases to stomach the losses.
Furthermore, you’re assuming a lot of risk for a mere $100 profit. The hope, of course, is that you win well before you start sweating it out on bet no. 9 or 10.
Advantages of Due Column Betting
One good thing about due column wagering is that it’s a fairly simple strategy. Sure, it’s not as easy as doubling your bet every time.
But you can quickly pick up on how to use it from my example and math above. You should be using due column wagering like a pro after just a few times.
Another advantage is that this strategy is less risky than certain other systems. You only bet to win back your cumulative losses plus a predetermined profit.
The Martingale, for example, is much scarier. The fact that you’re doubling bets following every loss can quickly lead to an enormous wager.
Finally, this strategy is fun to use if you’re looking for something different than flat betting or common systems. Assuming you’ve never tried due column gambling before, you might consider it for entertainment purposes.
The Drawbacks of This Betting System
The biggest drawback to due column wagering is the same one that plagues other systems—it doesn’t overcome negative expectations.
Many systems create the illusion of winning by manipulating profits. Odds are, you’ll feel like a winner almost every time that you use this system.
The problem comes in, though, when you finally experience the big losing streak that wipes out everything. The chances of this happening increase if you’re an unsuccessful bettor to begin with.
Another problem is that your losses can mount quickly. In the previous example, you’d have to bet $1,966 on wager no. 10 just to recoup losses and earn a $100 profit.
You might tell yourself beforehand that you’re willing to pull the trigger on a $1,966 bet. But in the moment, you may consider eating your losses and stopping for the day.
One more drawback is the type of bankroll you need to successfully pull of due column gambling.
You’ll likely want at least $5,000 if you’re going for a $100 daily profit. Even this bankroll doesn’t promise anything if you hit a really bad losing streak.
Should you try due column betting? Due column wagering isn’t the worst system in the world, especially if you’re a good gambler to begin with.
It revolves around trying to earn your predetermined profit. If you don’t win it, you only have to wager enough to recover your losses and gain the profit.
You have a stronger chance of winning with due column betting if you’re already skilled to begin with. If you’re a 36% horse handicapper or a sports bettor who wins 53% of your bets (-110 odds), then you should have some success.
On the other hand, you want to be extra careful if you’re not a successful gambler. Due column betting may help you for a while, but it really stings during losing streaks.
The riskiness of this system only increases when you aim for bigger profits (e.g. $500). You’ll need a huge bankroll in these cases to survive downswings.
Even a more modest profit goal, such as $50 or $100, comes with a large degree of risk. You’ll eventually be risking four figures as your losses mount.
Of course, you don’t have to let these warnings scare you off from trying due column betting. You can put it to work under low-risk circumstances, such as setting a $10 or $20 profit goal.
These amounts may not get you excited about due column betting. However, you might have fun with just trying a new gambling system.
That said, I recommend that you give due column a chance at least once. Along with this recommendation, I suggest that you only use it for low stakes. Due column betting alone won’t transform you into a winner, it just makes gambling a little more fun.