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Everything about Roulette
- Thread starter julian129
- Start date
yes, stock market, commodity trading, these are all casinos.Fully agreed. if fact Funds Managers and those Hedge Funds are nothing more than a casino themselves.
All those charts like moving averages, rsi, etc have some uses, however it is not true that these charts can help in predictions and all those support and resistance lines are just nonsense.
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Best Read For All Punters :
In gambling, there's one certainty—one thing not left to chance: The house always comes out the winner in the end.
A casino is a business, not a charitable organization throwing free money away.
Like any other business, it has a business model in place designed to ensure its profitability.
The House Edge
No matter what game you choose to play, the odds of the casino winning your money are greater than the odds of you winning the casino's money.
That's because all casino games are designed to provide the house with a built-in edge, diminishing the chances and the size of potential payouts.
For example, in roulette, the highest payout for a single number bet is 36 to 1. However, roulette wheels, besides having the numbers 1 to 36, also have a 0 and sometimes a 00 as well.
The true odds of winning are 37 to 1 or 38 to 1, not the 36 to 1 that is the most the player can get paid on a winning bet.
The house edge, the odds advantage in its favor, represents the average gross profit the casino can reliably expect to make from each game.
On the games with the lowest house edge, the smallest advantage, a casino might only be generating about a 1% to 2% profit.
On other games, it may make profits of up to 15 %to 25% or more.
The house edge on a 00 roulette wheel is 5.26%. For every $1 million that's bet at the roulette tables in a casino, the management expects to pocket a profit of slightly more than $50,000. The other approximately $950,000 is returned to the bettors. The casino isn't aiming to bankrupt a player in one sitting—it just wants to make sure that in the long run, the players walk out with a little less money than they came in with, leaving money in the casino's pocket.
How Players Lose More Than They Expect
Many people who are aware of the house edge still don't really grasp its implications for their bankrolls.
They believe that the roughly 5% edge the house has at the roulette table means that they can reasonably expect to sit down with $100,
gamble for a few hours, and the odds are that they will only lose about $5.
They fail to understand that the house edge doesn't apply to their starting bankroll, but to the total amount they wager.
For example, assume a person is making $5 bets on every spin of the roulette wheel, and the wheel spins 50 times an hour.
While he may be winning some bets and losing some bets, he is wagering $250 an hour.
If the house edge plays out perfectly, at the end of four hours of play, he loses $50, or 5%
of $1,000—an amount 10 times greater than what he had expected from his misunderstanding of the house edge.
The Extra House Edge
The longer you play, the greater the odds are that the result of your play will match up with the house edge.
In the short term, a player may well be ahead; over the long haul, the house edge will eventually grind the player down into unprofitability.
Knowing this, casinos do all they can to keep you playing longer. Casinos are famous for lacking clocks and windows.
They're designed that way to keep players unaware of the passage of time.
Many first-time players are pleasantly surprised at being offered free drinks by the management.
Those complimentary libations will cost you, though: being inebriated doesn't usually improve their judgment when it comes to betting.
The Bottom Line
Although all the laws of probability are in the casino's favor, the house edge varies significantly among the different casino games.
The game with the lowest advantage to the casino is blackjack; if a player follows a perfect betting strategy, the house edge is only 0.5%.
At some very liberal casinos, the house edge at blackjack may even be as low as 0.28%. Craps offers the next lowest edge, 0.8%, followed by baccarat with a 1.06% house advantage.
The smallest edge only applies if the player is playing the odds perfectly, which few people do.
The house edge increases as players wager less expertly. Roulette remains one of the most popular casino games, but it carries a high 5.26% edge for the house.
The house edge on slot machines goes as high as 17%; for keno, it is a massive 25%.
Nobody can beat the casinos if they bet systematically because if you bet systematically or robotically, the laws of maths such as the laws of large numbers, the laws of probabilities etc kick in. Which means that the only hope to beat casinos is to bet un-systematically and I am still thinking what could that be.
Alot of people question the authenticity of my supposed winnings at the casinos.
Was told to post my losses too and not just my winnings.
I decided to ask for a transaction record from MBS for the past 12 month.
Proud to say that I have no losses and my total accumulated winnings at $142,465.
And yes its not impossible to beat the casino if you have strict discipline and follow a strong betting system.
Was told to post my losses too and not just my winnings.
I decided to ask for a transaction record from MBS for the past 12 month.
Proud to say that I have no losses and my total accumulated winnings at $142,465.
And yes its not impossible to beat the casino if you have strict discipline and follow a strong betting system.
(1) if you played machine, you don't need to ask casino for statement, You just need to log in and you can retrieve that information.
(2) if you played on table, if you ask for yearly statements, I doubt sands or rws will entertain such request.
(3) if you have a system to beat casinos, you will win a Nobel prize worth 1 million dollars as no mathematicians still have a formula to beat casinos. You will also be the first to prove that the laws of large number is wrong.
Anyway, please continue sharing with us your technique on how to win in roulette.
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Thanks for sharing. Great updates so far. But I have weaknesses in playing casino slots. Though I already played different types of casino games. Some of them enjoyed me a lot some aren't but I am depressed. I started playing with it https://gamblingorb.com/ This one enjoying as well. I love it so far.
Hey William,
If you want entertainment, play slots.
If you want to have profits, ignore slots. Its fixed to eat 20+% and spit out only 70-90% back.
The house odds for that is terrible.
Roulette is julian and my preferred game as theres a way to reduce house edge enough to make it into a players' edge.
Not through betting strategies, but through complimentary benefits.
If you are depressed, you are falling into addiction problems.
Do not use gambling as a way out to get rich.
It doesnt work.
If you want, can come chit chat with me or julian to understand how we enjoy roulette as a healthy community, and we make money together through business collaborations.
Roulette is a power tool to make money if you know the right way to do it, and by that, i don't mean betting strategies.
1) we only play minimally machine, due to our higher bankrolls.
2) the email above sent by MBS, and they do entertain such requests at the cage, thats how I got it.
3) i do have a system, but its a new business model thus we are growing community right now. 160 people on discord, and nearly 30 inner circle members.
It won't win any nobel prize cuz it is actually a simple method in plan sight but just nobody notices it, or dares to take action on it, or its too difficult to get supporters to grow to that stage.
This isn't about proving laws of large number is wrong. Actually I agree with it.
The solution isn't to bet against the casino, but to work with casino to grow together as a synergy business.
If interested can watch this youtube video on Team R explanation.
so easy to win, by now you should be a millionaire.
I would have been a billionaire if not for #2......
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