I made $1015 at the casino today.

[DBL]

Originally posted by: 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?

His main assertion is correct though. Roulette is one of the worst table games you can play in terms of EV.

 

[maziwanka]

wow. awesome.

 

[crownjules]

Originally posted by: 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?

I boldened the pertinent part of my previous post that answers your question.

 

[KillerCharlie]

From what I remember, the house obviously has the edge, but it's not by as much as most people think. Though the majority of people come out behind overall, if you are crafty at blackjack and video card games, you can come out ahead overall. There are people who make good livings in Vegas going from casino to casino playing video poker and blackjack.

 

[Doboji]

Yeah unless you are miraculously lucky, EVERYONE eventually loses. You cannot expect to win over the long term in a casino, if you haven't lost yet... you've just been lucky. I think Ni4ni has it right though, play until you lose... set yourself a point at which you consider losing, and then never play again.

Playing with skill in a casino simply means you're reducing the advantage the house has against you. But even if you play ABSOLUTELY PERFECT, the house still has the odds, and statistically over the long haul.... the house WILL win.

Poker is the ONLY gambling game where you CAN win over the long haul.

-Max

 

[Aharami]

congrats dude

 

[DBL]

Originally posted by: Doboji
Poker is the ONLY gambling game where you CAN win over the long haul.
-Max

While this may be true, you should consider a few things with regards to poker, especially in a casino.

Many of the low limit games cannot be reliably beaten b/c of the rake. For instance, the rake at a 2/4 game is so high compared to the average pot; it would wipe out your winnings over the long run. I've heard that you need to be able to win at a minimum of 10/20 in order to start seeing some real profits.

While Poker is the only game that you can consistently win at, it is also probably the worst game to play if you do not know what you are doing. Recomending it as an alternative to someone who does not know how to play (most people don't) is a bad idea.
They would most likely be better off playing sub-optimal blackjack.

 

[Doboji]

Originally posted by: DBL

Originally posted by: Doboji
Poker is the ONLY gambling game where you CAN win over the long haul.
-Max

While this may be true, you should consider a few things with regards to poker, especially in a casino.

Many of the low limit games cannot be reliably beaten b/c of the rake. For instance, the rake at a 2/4 game is so high compared to the average pot; it would wipe out your winnings over the long run. I've heard that you need to be able to win at a minimum of 10/20 in order to start seeing some real profits.

While Poker is the only game that you can consistently win at, it is also probably the worst game to play if you do not know what you are doing. Recomending it as an alternative to someone who does not know how to play (most people don't) is a bad idea.
They would most likely be better off playing sub-optimal blackjack.

I agree 100%, in fact I rarely even play poker... and when I do I expect to lose, and hope to break even. Fact is... I'm not a very good poker player. I know that. When I want to gamble and make money, I buy stocks... But even as crappy a poker player as I am, I can make a $100 last a HELL of alot longer at a 2/4 table than I could at a roulette wheel, or a blackjack table.

-Max

 

[LazyB]

I love how people really think they're beating the casino or they have the "system" to beat the casino.

The odd always favor the house and as I remember correctly, Baccara is the one with an odd close to 50% if you always play "bank", but still it's not 50% and you'll loose in a long run.

BlackJack is one of the worst game regarding odd if you don't play with the basic rules (it's everywhere on the net). And even with the basic rule, you don't hit 50%.

Now, counting card exist for Black Jack, but remember only a FEW professionals among the millions of players really master it AND they are now working for the casinos, so they will spot you in no time if somehow you manage to learn it. Another thing is that, those professionals bring big money to win small money and not the opposite as we all dream of. Seriously, I don't think you are even close to those real card counters.

Some people will also talk about system to manage bet amount (nothing to do with card counting). This is simply stupid since the bet amount has NOTHING to do with probability. Loosing 10 games straight doesn't warrant you the win in the 11th, the odd stays the same. Remember Casino has millions to play with your few hundreds...you can double, triple til your wife leaves you and the casino lights are still bright

Fix an amount of winning and leave is another beautiful goal. 99.99% of players can't do that and even the 0.001% who can control themseves and leave after hitting a bar didn't really do anything special. You will COME BACK eventually and in the long run, the odd stays the same.....LEAVING the casino and COME BACK is the same as playing continuously.

The first time I put my feet on a casino, I made $750 playing $5 BJ game, that's unbeleivable. I felt invicible and of course I was "better" than people around me. I feel a lot more ordinary now.

Donald Trump once said sth like "the only thing I am scared of when people win big money at my casinos is that person die accidentally..."

Play for fun dude....the day you start thinking about making money with casinos....learn how to spot a warm place in a trailer park...

 

[DBL]

Originally posted by: Doboji
I agree 100%, in fact I rarely even play poker... and when I do I expect to lose, and hope to break even. Fact is... I'm not a very good poker player. I know that. When I want to gamble and make money, I buy stocks... But even as crappy a poker player as I am, I can make a $100 last a HELL of alot longer at a 2/4 table than I could at a roulette wheel, or a blackjack table.

-Max

Absolutely. The last session I had in a casino was 1/2NL w/ a $300 buy-in. I played for approximately 5 hours and came out about +$10. I've also had bad sessions where I might be down $80 or so after 2-3 hours at a 6/12 table, which considering the entertainment value, is not all that bad.

That is pretty unlikely at any other table game.

 

[FreshPrince]

only time I gambled in vegas was on a video poker machine...I heard the odds are pretty good there..

so, I changed out a $20 in quarters and headed for about an hour of fun.

well, when I came down to about 8 quarters left, my pot grew really fast...and once I got a full house and made about $400, I got up immediately to cash in my quarters 😛

that's how you're suppose to gamble in vegas...

1. go in with a set amount of $$$ you want to spend and that's it. Don't try to get more money to gamble with.

2. when you get that good hand or big jackpot, stop. you know the rest of the time, you're just giving $$$ back to the casino.

3. stay away from that super hawt lady wanting to get with you...she's a lady of the night and all she wants if your winnings.

😀

 

[crownjules]

Originally posted by: DBL

Originally posted by: Doboji
I agree 100%, in fact I rarely even play poker... and when I do I expect to lose, and hope to break even. Fact is... I'm not a very good poker player. I know that. When I want to gamble and make money, I buy stocks... But even as crappy a poker player as I am, I can make a $100 last a HELL of alot longer at a 2/4 table than I could at a roulette wheel, or a blackjack table.

-Max

Absolutely. The last session I had in a casino was 1/2NL w/ a $300 buy-in. I played for approximately 5 hours and came out about +$10. I've also had bad sessions where I might be down $80 or so after 2-3 hours at a 6/12 table, which considering the entertainment value, is not all that bad.

That is pretty unlikely at any other table game.

That's one reason I love live games. The social interaction can be great. It often can suck. I hate when a cocky loudmouth sits down and disrupts the game. While it doesn't happen much at the limits I play (4/8, sometimes 5/10), since the money is "dispensable" to most players, I dislike the players that get incredibly irate when you don't play their way and beat them. You know the type, you play a hand in a situation that they wouldn't have been playing and beat them.

Those types sour the game, but otherwise it can be very enjoyable.