Thoughts on Gambling

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JzL

Golden Member
Jul 23, 2002
1,639
1
0
Originally posted by: Psyber
Originally posted by: JzL
Funny thread considering in 30 minutes I am leaving for the weekend to go to Harrah's with my dad.

I know that I am not going to "win", but it is just so much fun! I am taking $250 with me, that is my "lost" money, if I lose it .. who cares.. the way I figure... its that mcuh fun to spend $250 for a weekends worth of entertainment!

Good thing my dad gets free rooms !!!

Well... they're not really free rooms you know:roll:

Um they are considering he is the one getting the comps for _his_ Playtime.. not my cash.. therefor free to me :roll:
 

Psyber

Senior member
Oct 27, 1999
677
0
0
Originally posted by: vi_edit
Originally posted by: Psyber
Actually just for next time I go (and actually know anything about blackjack), How do you guys choose your blackjack tables?

Single deck
deal stands on soft 17
lets you double down on a split

I avoid the tables with the autodecks like the plague.

They don't have single decks in Atlantic City (which is close to where I am) so I'm assuming you're talking about Vegas. Which casino has this? I didn't see any single decks while I was there.
 

gistech1978

Diamond Member
Aug 30, 2002
5,047
0
0
i get the most bang for my buck playing video poker.
can make 20 bucks last a lot longer in a VP machine (on average) than at a blackjack table or slot machine.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
They don't have single decks in Atlantic City (which is close to where I am) so I'm assuming you're talking about Vegas. Which casino has this? I didn't see any single decks while I was there.

Suncoast over one west side of Vegas (Sumerlin actually). It's more of a locals hangout, a long ways off the strip.
 

Wuffsunie

Platinum Member
May 4, 2002
2,808
0
0
Originally posted by: RagingBITCH
Originally posted by: Wuffsunie
Play long enough, you never change the stakes. The house takes you. Unless, when that perfect hand comes along, you bet big, then you take the house.
Been practicing this speech have you?
Little bit. Did I rush it? Felt I rushed it.

:D
 

Psyber

Senior member
Oct 27, 1999
677
0
0
Originally posted by: gistech1978
i get the most bang for my buck playing video poker.
can make 20 bucks last a lot longer in a VP machine (on average) than at a blackjack table or slot machine.

I used to play that, but I found out that odds are programmed into those things. It doesn't matter what cards you choose to keep, if the odds dictate you're supposed to lose, then you do lose no matter what you do. It's all dependent on how much the people lost/won on the machine before you got to it. That's why I don't play machines.

Nickel slots occasionally, but I don't spend more on those than I do at an arcade - I like pressing buttons.:D
 

RagingBITCH

Lifer
Sep 27, 2003
17,618
2
76
Originally posted by: Wuffsunie
Originally posted by: RagingBITCH
Originally posted by: Wuffsunie
Play long enough, you never change the stakes. The house takes you. Unless, when that perfect hand comes along, you bet big, then you take the house.
Been practicing this speech have you?
Little bit. Did I rush it? Felt I rushed it.

:D

No, it was good, I liked it. The "Teen Beat" thing was harsh.

:)
 
Nov 7, 2000
16,403
3
81
Originally posted by: Psyber
Originally posted by: HardcoreRobot
If you are a good poker player, you can win. The house does not have an advantage over the player because you aren't playing against the house. They take a rake (% of every hand), so their income is guaranteed and they dont need to maintain an advantage like they do in table games (roulette, craps, bj etc.).

Same thing goes for sports betting. The house advantage is built into the wagering/payout system and is independent of your success. So, if you are knowledgable about sports you can use it to your advantage and win in the long run.

I agree with poker comment, but there are a LOT of good poker plaers out there so I don't really know how good those odds really are...

However, I completely disagree with the sports betting. You are practically guaranteed to lose since the odds are based the sport's teams probabilty of winning. In addition, you pay money to a bookee to bet so if you do actually win, you will most likely roll that money over into the next bet so you'll never see your money - it's an unending cycle.
From my limited experience with sports betting, I still am not sure this is on target. If you are betting on a points spread, the odds makers create the spread so that the bets are evenly placed between the winner winning beyond the spread, and the loser losing within the spread. This way, no matter which happens, the house cant lose money, it can merely exchange btw the two parties. Of course they wouldnt do this for free so they have payouts like bet 11 to win 10. so, if the spread is ideally set to where people are evenly divided and I, representing one half, bet on the favorite, and you, representing the otehr half, bet on the other, the house makes 10%. They get the losers 11, and pay 10 to the winner, netting 1. skill comes into play when someone knowledgeable can recognize inconsistent spreads and use them to their advantage. in situations where teams match up that havent played frequently (think college sports for example) the point spreads cant be incredibly accurate. And the comment about the bookie is really just characteristic of any gambling addict. I could say the same thing that some that wins 300 at the bj table and just lets it ride and eventually loses it all.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
It is possible to win at blackjack, but it requires more than just good card strategy. You have to use a sound betting strategy as well. Statistically, you will lose just as often (if not more often) than you win. The key is to win big and lose small. Generally, you will win and lose in streaks. As you win, increase your bets with your winnings, plus take some back as profit. When you lose, drop immediately to your minimum bet and then stay there until you begin to win again.
This system is, of course, not perfect, but it does increase your odds.
Another thing is to always try to make the dealer bust. This means that you should only hit when necessary, and encourage your tablemates to do the same. If you bust, you're out of the game immediately, and still lose even if the dealer ends up busting as well. While if you only have a 12 and the dealer busts, you still win -- remember that.
It's all about the odds, and every little thing that can increase your odds helps.
 

waggy

No Lifer
Dec 14, 2000
68,143
10
81
odds are that you will lose.

BUT you can win. I watching a show on a guy who would count cards and won a bunch.

My sister went about 6 months ago and won $500. so tha was good.
 

richardycc

Diamond Member
Apr 29, 2001
5,719
1
81
what is your min bet in bj? the trick in winning money is bet big and limit your time in the casino. with only $300, you should be betting around $75 a hand. if you are chicken sh!t and afraid to lose your money and only betting like $5-$10 a hand, chances are, you will walk away empty handed and wasted a few hours of "good time."
 

gistech1978

Diamond Member
Aug 30, 2002
5,047
0
0
Originally posted by: Psyber
Originally posted by: gistech1978
i get the most bang for my buck playing video poker.
can make 20 bucks last a lot longer in a VP machine (on average) than at a blackjack table or slot machine.

I used to play that, but I found out that odds are programmed into those things. It doesn't matter what cards you choose to keep, if the odds dictate you're supposed to lose, then you do lose no matter what you do. It's all dependent on how much the people lost/won on the machine before you got to it. That's why I don't play machines.

Nickel slots occasionally, but I don't spend more on those than I do at an arcade - I like pressing buttons.:D

well, it matters what cards you choose to keep. if i didnt keep the AH QH and 10H i wouldnt have set myself up to draw the KH and JH and get the royal flush.

yes, youre right its predetermined, but you can definitely increase your odds of getting a winning hand.

but its just what i enjoy playing at the casinos and can play them for a long time on little money, comparatively speaking.
 
Nov 7, 2000
16,403
3
81
Oh, and if you can count cards and bet accordingly then you DO have a statistical advantage over the house. This is also the reason why they kick you out if they think you are doing it :)
 

Psyber

Senior member
Oct 27, 1999
677
0
0
Originally posted by: Vic
It is possible to win at blackjack, but it requires more than just good card strategy. You have to use a sound betting strategy as well. Statistically, you will lose just as often (if not more often) than you win. The key is to win big and lose small. Generally, you will win and lose in streaks. As you win, increase your bets with your winnings, plus take some back as profit. When you lose, drop immediately to your minimum bet and then stay there until you begin to win again.
This system is, of course, not perfect, but it does increase your odds.
Another thing is to always try to make the dealer bust. This means that you should only hit when necessary, and encourage your tablemates to do the same. If you bust, you're out of the game immediately, and still lose even if the dealer ends up busting as well. While if you only have a 12 and the dealer busts, you still win -- remember that.
It's all about the odds, and every little thing that can increase your odds helps.

Yup! I do that, combined with some other strategies, thus I am still 6/8 in my last 4 months, however, you can still have a bad luck streak, AND my other point about you more likely spending easy money still applies.
 

Mo0o

Lifer
Jul 31, 2001
24,227
3
76
THe only way to win is quit while you're ahead. statistically speaking if you play on, you'll always lose money to the house. Doesn't matter which game it is
 

konakona

Diamond Member
May 6, 2004
6,285
1
0
isnt life somewhat like gambling? you are always against the odds anyway...
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: HardcoreRobot
Oh, and if you can count cards and bet accordingly then you DO have a statistical advantage over the house. This is also the reason why they kick you out if they think you are doing it :)
It is impossible to count a 6 deck shoe, especially as the equivalent of the last deck is never played. The best you can do is feel the "weight" of the shoe at any given time and that is by no means exact.

Minimum bets for blackjack usually vary by table and casino, but the usual is $5.
 

Psyber

Senior member
Oct 27, 1999
677
0
0
Originally posted by: richardycc
what is your min bet in bj? the trick in winning money is bet big and limit your time in the casino. with only $300, you should be betting around $75 a hand. if you are chicken sh!t and afraid to lose your money and only betting like $5-$10 a hand, chances are, you will walk away empty handed and wasted a few hours of "good time."

I usually do $20-$25 dollars a hand, and increase it if it's a good shoe. $75 only gives you a 4 loss leeway and since I'm only there to double my money and have a good time it's not really my style to bet so high. Also, YOU DO REALIZE if you double down, that is a $150 bet, right? I see myself either losing or winning my money very quickly if I increased my bet that much which would knock out my fun factor. The way I see it, if I play for 8 hours(usually it's more like 2-3) and lose it all, I still had a good amount of fun.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: Psyber
Yup! I do that, combined with some other strategies, thus I am still 6/8 in my last 4 months, however, you can still have a bad luck streak, AND my other point about you more likely spending easy money still applies.
Bad luck streaks are where the "quit while you're ahead" advice comes into play. :)
 

Psyber

Senior member
Oct 27, 1999
677
0
0
Originally posted by: VanillaH
isnt life somewhat like gambling? you are always against the odds anyway...

Exactly what I thought when I started 4 months ago, hey I lost $6000 in the stock market, what makes gambling more or less risky? The whole thing is "ease" that you win the money. You'll spend it more readily because you feel like you didn't really need to work for it.
 
Nov 7, 2000
16,403
3
81
Originally posted by: Vic
Originally posted by: HardcoreRobot
Oh, and if you can count cards and bet accordingly then you DO have a statistical advantage over the house. This is also the reason why they kick you out if they think you are doing it :)
It is impossible to count a 6 deck shoe, especially as the equivalent of the last deck is never played. The best you can do is feel the "weight" of the shoe at any given time and that is by no means exact.

Minimum bets for blackjack usually vary by table and casino, but the usual is $5.
As long as it is not continually shuffled arent you still able to count? even playing one decked, the cut card is in the deck so you dont play all the cards before they are reshuffled. Leaving 9 cards behind the cut card would be the same as leaving one deck behind in the shoe before they are shuffled. i would think counting 1 deck vs 6 decks would be teh same considering there is an equal ratio of high to low cards regardless.
 

PCboy

Senior member
Jul 9, 2001
847
0
0
Ahh yes. Cardcounters... I watched the episode on Discovery and my oh my, $75,000 in 12 seconds.