I have been to the casino three times over a 5 month period in witch I have won money every tome. First time I stopped myself after making a profit of $ 100. The second time I also stopped my self after making a profit of $ 100. Finally the third time I went I made a bit more like $ 160. My question is weather it is luck or a bit of luck and skill if you double down or nothing on games like Blackjack and Roulette? Can someone give me the facts about the odds? I stick to the blackjack table where I start playing like this… $25, $50, $100, $200 and finally $500 limit. What are the odds that a table using 6 to 8 decks of cards will give you 5 bad hands one after another? Just curious before I become a compete gambling addict because it seems to be to good to be true to win all the time. Tell me your casino experiences?
2007-03-20 08:39:48 · 11 answers · asked by Roger89 3 in Games & Recreation ➔ Gambling
You're looking at short-term examples. In casino games, especially ones with a small house edge, it is plenty possible that you have a short term winning streak.
What you have to view for the long term is the game's expectation. If you were to play the game a billion times, what would you expect to make? In any game with a house edge, the amount is negative. You can work this down to an amount per play, ie. "On each spin of the slot machine, I expect to lose X cents."
It's fully possible to string together a few up sessions, just don't think it's something that you beat. Enjoy the hot streaks though and have fun.
Good luck!
2007-03-20 20:01:39 · answer #1 · answered by Sanjay M 4 · 0⤊ 0⤋
Long term, the casino always wins. Casinos would go bankrupt if this were not true. Negative expectation games cannot be won long term.
But.....what is long term? This is a big controversy among gamblers.
For a casino, long term averages are the result of many players over many hours. In other words, a lot of action occurs to create the long term average that the casino counts on.
A very large casino might have 500 to 1,500 gamblers playing at one time. Assuming these gamblers turn over every three or four hours, let's say the casino has around 9,000 gamblers per day. Some have much less than this. A few have more.
So let's assume that 9,000 gamblers per day over a period of a month will offer the casino a realistic winning average. That's roughly 270,000 unique casino visits to create this so-called average. For some casinos the average is created with many fewer visits, for a few casinos it is even more.
Now...if a casino has 270,000 unique visits per month, how does that compare to your one or two unique visits to that casino per month? It means that your one or two visits are a negligible factor in creating the overall winning average for the casino.
My theory is that an infrequent casino visitor can have win or loss swings that are wildly different from the overall casino average. As the visitor comes to the casino more and more often, his results will gradually track closer and closer to the casino's expected average. But still, the average experience of one individual gambler is going to have the potential to be quite a bit different than the average experience of 270,000 gamblers viewed as a group.
So..... as long as someone is not playing very often, there is an excellent possibility that they will win much more than average...or lose much more than average!!!
Over a long period, let's say infinity or maybe even a lifetime, an individual's results will track closely to what the casino's average is. But in the short term, no, they might not. There is always the chance that the short term, infrequent visitor will win big or lose big, far away from what the average is.
So my long-winded answer to your question is: Yes.
It happens all the time. People win regularly from casinos all the time. If everyone's results were the same as the casino's expected average, no one would go into the casinos and the casinos would be out of business. People go into casinos because they know that someone is going to beat the averages and come home a winner.
Go to the casino. Prepare yourself carefully with practice and then use plenty of discipline. When you win, leave! Wait quite a while before returning.
2007-03-22 12:37:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I went to college for engineering and I had to take probability theory for two semesters. Both times I got an A+. I could tell you the odds, but it would take a book. The only true way to learn how to figure the odds are to take a basic course in numbers theory at your local university or community college.It will teach you about tossing coins, throwing dice, and playing cards, mutual exclusivity, random selection with replacement, random selection without replacement, etc. Theres only one reason why you are winning all the time, and you can sum it up in one word
Luck
That's why I don't gamble, I know the odds. No matter what "strategy" you use. I used to use the stuff that I learned to come up with strategies myself, and mathematically, you ALWAYS, ALWAYS lose in the end. If you think that you might be developing a gambling problem, take a course in Number Theory. It will cure you quick.
Look at it this way: if there WAS some magical winning strategy out there, some phd mathematician would have figured it out, told all his friends, and all the casinos would have been taken to the cleaners by now.
good luck. don't bet your rent money.
2007-03-23 22:40:10 · answer #3 · answered by dylan k 3 · 0⤊ 0⤋
In most cases, you cannot win in the long run at the casino, because the odds always favor the house. In the short run, anything can happen.
There are three exceptions:
a) In blackjack, counting cards can give the player the advantage. This is why casinos will throw you out if they catch you counting cards.
b) In progressive video poker, the jackpot can become large enough to give the game a positive expectation. However, the variance is huge.
c) In regular poker, you play against the other players rather than against the house, so you can win money as long as you're good enough to beat both the other players and the rake.
2007-03-20 10:34:17 · answer #4 · answered by William S 3 · 2⤊ 0⤋
I work in a casino dealing craps, blackjack and roullette, and several other "carnival" games. Most of the time when you go into a casino you can expect to lose, everyone will sometimes be ahead at certain points but no one is satiffied with winning 100 or 200 dollars and keep betting until they're broke, have to get more money and go broke again. I have seen people walk out of the casino with a few hundred to a few thousand to tens of thousands. Just the other day I was dealing to a woman who was winning $25,000, wasnt smart enough to walk away and lost it all. But the winners are rare, and you will only win if you 1. Get lucky 2. know strategies and odds for the games you play and 3. when you know when to walk away. As for odds, the best table game to play in a casino is craps, next blackjack, where a 6 to 8 deck game actually has worse odds than a game with 2 or 3 especially when you have any sort of knowledge in "counting cards." Roullette has the worst odds in a casino and you should only play that if you have money to burn, or just want to have fun. When it comes to statistical odds you can go on any search engine and type in searches such as "blackjack odds" or "craps odds" and find what you are looking for. Also keep in mind, never piss off your dealer, because they control your money. And always tip, take the one dollar chips you win from getting blackjacks, etc. and bet them for your dealer, please please please don't stack them on top of your bet and keep them there when you win.
2007-03-20 15:10:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You'd lose 5 kilos in sweat when you'd have to stake £512 on the 10th spin, not to mention the £511 you would have already lost on the previous 9 spins. You cannot win in the long run on a random game no matter what staking system you employ and as for the naivety of doubling up after a loser I have known about that folly from my cradle.
2016-03-16 23:35:59 · answer #6 · answered by Anonymous · 0⤊ 0⤋
all casino games are designed to have the odds against the player i.e (roulette) 35 to 1. the game with the best odds is blackjack and its still stacked against you.
It's all luck
2007-03-20 10:15:39 · answer #7 · answered by poker hopeful 1 · 1⤊ 0⤋
I know some folks that win most of the time. They'll advice: Set your bankroll and stick to it. Quit while ahead.
2007-03-21 04:46:05 · answer #8 · answered by worthy 2 · 0⤊ 0⤋
All those games are -EV which means in the long run you will lose.
To find the odds of any game, go to
http://www.wizardofodds.com
2007-03-20 12:27:32 · answer #9 · answered by Bill F 6 · 0⤊ 0⤋
as long as you stop when and while you win...most folks cannot...seems you have some sense and control...i go home after i win...and i have never lost....usually win enough to cover wifey's losses....lol...good luck
2007-03-20 08:49:02 · answer #10 · answered by Michael K 5 · 2⤊ 0⤋