I made $1015 at the casino today.

[etalns]

Oh my.

 

[deftron]

Better pay that haus off

 

[etalns]

Originally posted by: deftron
Better pay that haus off

 

[ni4ni]

Not to be a thread crasher but over the years, how much have you lost there?

I for one, always win when I go. I told my fiance, when I start losing, I leave.


BTW, Congrats on the win!

 

[Midlander]

Congrats. Just remember, the house always wins. Players win sometimes.

 

[etalns]

Originally posted by: ni4ni
Not to be a thread crasher but over the years, how much have you lost there?

I for one, always win when I go. I told my fiance, when I start losing, I leave.


BTW, Congrats on the win!

I only started going about a month ago, I'm up $2300.

 

[I Saw OJ]

Congrats!


How long did it take you to win it?

 

[etalns]

Originally posted by: I Saw OJ
Congrats!


How long did it take you to win it?

About 1 hour.

I have engineered my own system of card counting! If 20% (or less) of the cards in the deck are faces I double my bet up. It becomes increasingly likely statistically that faces will come as my bets go up. If faces exceed 20% I cut my bet in half, if they exceed 30% I go back to the minimum bet and start over again.

I have never left the casino down yet. And I try to leave as soon as I win $150, today was just special because I was bored.

 

[Eli]

Damn.

What I couldn't do with 1000$ right now. lol

 

[etalns]

Originally posted by: Midlander
Congrats. Just remember, the house always wins. Players win sometimes.

I disagree. People just don't know when to stop. They go up $100 and think they could go up $200. There is no end to it. You need to go in with your sights set on a particular dollar figure that you want to get up to (typically no more than 25% of the money you have on hand) and as soon as you get it you walk away. Casinos win over the long term because people a) don't effectively weigh the odds, b) don't leave when they are up, in hopes of getting more and more... ultimately netting them less and less!

 

[j00fek]

youll be in the hole soon enuf, quit while your ahead and save your life

 

[AnonymouseUser]

Originally posted by: j00fek
youll be in the hole soon enuf, quit while your ahead and save your life

QFT

Those casinos weren't built with Monopoly money.

 

[I Saw OJ]

Originally posted by: Qosis

Originally posted by: I Saw OJ
Congrats!


How long did it take you to win it?

About 1 hour.

I have engineered my own system of card counting! If 20% (or less) of the cards in the deck are faces I double my bet up. It becomes increasingly likely statistically that faces will come as my bets go up. If faces exceed 20% I cut my bet in half, if they exceed 30% I go back to the minimum bet and start over again.

I have never left the casino down yet. And I try to leave as soon as I win $150, today was just special because I was bored.

Just remember to watch yourself counting those cards. Cause they are watching you, even if it may not look like it. They might catch on to you and ask you not to come back.

 

[Commish]

^^^
And that's after they put your head in a vice until an eyeball pops out.

 

[new2AMD]

almost every player in a casino gets ahead at some point, its just that very very few ever leave ahead. They have to give you a little to get you to spend a lot.

 

[purbeast0]

lol i love all the thread crappers saying "the casino always wins ... you will never come out on top ... blah blah blah"

congrats man, keep up the good work :thumbsup:

 

[I Saw OJ]

Originally posted by: Commish
^^^
And that's after they put your head in a vice until an eyeball pops out.

I'm not quite talking about a scene from Casino or anything, but dont fool yourself, they are watching you.

 

[Kyanzes]

Just put 10K on RED on roulette, let it spin and see

 

[Accipiter22]

Originally posted by: Qosis

Originally posted by: Midlander
Congrats. Just remember, the house always wins. Players win sometimes.

I disagree. People just don't know when to stop. They go up $100 and think they could go up $200. There is no end to it. You need to go in with your sights set on a particular dollar figure that you want to get up to (typically no more than 25% of the money you have on hand) and as soon as you get it you walk away. Casinos win over the long term because people a) don't effectively weigh the odds, b) don't leave when they are up, in hopes of getting more and more... ultimately netting them less and less!

what game????

 

[Accipiter22]

Originally posted by: Qosis

Originally posted by: I Saw OJ
Congrats!


How long did it take you to win it?

About 1 hour.

I have engineered my own system of card counting! If 20% (or less) of the cards in the deck are faces I double my bet up. It becomes increasingly likely statistically that faces will come as my bets go up. If faces exceed 20% I cut my bet in half, if they exceed 30% I go back to the minimum bet and start over again.

I have never left the casino down yet. And I try to leave as soon as I win $150, today was just special because I was bored.

statisticaly if less than 20% of the cards are faces and you double your bet....whereas you drop your bet if MORE faces are in the deck the reverse of your logic is true. The higher your bet the less likely you'll see a face card.

 

[puffff]

Originally posted by: Qosis

Originally posted by: Midlander
Congrats. Just remember, the house always wins. Players win sometimes.

I disagree. People just don't know when to stop. They go up $100 and think they could go up $200. There is no end to it. You need to go in with your sights set on a particular dollar figure that you want to get up to (typically no more than 25% of the money you have on hand) and as soon as you get it you walk away. Casinos win over the long term because people a) don't effectively weigh the odds, b) don't leave when they are up, in hopes of getting more and more... ultimately netting them less and less!

The odds are always against you. And even assuming 50/50 odds, aiming for 25% of your 'investment', you'll only break even over the long run.

Why? suppose you go with $400 each time and you say you'll quit when you're $100 ahead. Statistically, 4 out of 5 times you'll make that goal. The other 1 out of 5 times you'll lose all $400. Your expected value would be 0.

Okay, so you'll quit when you're $100 down. Then statisically, out of two trips, once you'll reach +$100 first, the other you'll reach -$100 first. Again, you break even.

That's assuming 50/50 odds, which we all know doesnt happen in casinos, unless you count cards.

So even playing with a cool head, not letting emotions get in the way, you'll end up a long term losing according to this little thing called expected values.

 

[crownjules]

Originally posted by: Qosis

Originally posted by: Midlander
Congrats. Just remember, the house always wins. Players win sometimes.

I disagree. People just don't know when to stop. They go up $100 and think they could go up $200. There is no end to it. You need to go in with your sights set on a particular dollar figure that you want to get up to (typically no more than 25% of the money you have on hand) and as soon as you get it you walk away. Casinos win over the long term because people a) don't effectively weigh the odds, b) don't leave when they are up, in hopes of getting more and more... ultimately netting them less and less!

You are wrong. Casinos win because they have the edge in every game. For example, even if you play BJ exactly right in every situation the house still has something like a 0.5% edge. That's the best game to play. Everything else has worse odds for you. Why do casinos maintain an edge? Because most games do not pay out proportionally to the odds you are given.

For example, take Roulette, one of the worst games you can play. There are 35 numbers you can place bets on plus either one or two 0 slots. If you placed your bet on one number and hit, you would expect an even payout of 37 to 1 since there are 37 different. You don't get that. The payout you receive is below the odds (I think you get 32 to 1? It's been awhile since I last played roulette) and that is why people lose in the long run.

People can go on winning streaks, but ultimately the house wins. That's why poker is the only gambling game I play. You don't play the house.

 

[DurocShark]

Originally posted by: crownjules

For example, take Roulette, one of the worst games you can play.

I disagree. There's a way to win consistently. But betting the field ain't it.

 

[her209]

Originally posted by: crownjules
For example, take Roulette, one of the worst games you can play. There are 35 numbers you can place bets on plus either one or two 0 slots. If you placed your bet on one number and hit, you would expect an even payout of 37 to 1 since there are 37 different. You don't get that. The payout you receive is below the odds (I think you get 32 to 1? It's been awhile since I last played roulette) and that is why people lose in the long run.

Its 36 numbers with some wheels having 0 and 00. And the payout is 35 to 1 on a single number bet. Are you sure you've played before?

 

[DBL]

Originally posted by: DurocShark

Originally posted by: crownjules

For example, take Roulette, one of the worst games you can play.

I disagree. There's a way to win consistently. But betting the field ain't it.

Yeah with a laser, engineering and a bit of physics. Just things your typical casino player has at their disposal.