How do you gamble to win?

[Kidlicious]

I'm planning on going to Reno or Las Vegas to gamble so big bucks. Well big bucks for me anyway. I want to win of course, but I want to plan to win. I already have a good plan and I'll post on it soon, but until then you guys can help me out with some ideas.

[Kuciwalker]

You can't. There's a reason casinos are profitable - because on average, you lose money.

[Shi Huangdi]

Learn either a winning strategy at Video Poker, or learn to count cards at blackjack very well.

[Dinner]

Blackjack with a card counting system is your best bet but I doubt you (or just about anyone for that matter) could master it. If it was easy then everyone would be doing it and the casinos would go out of business.

[Kidlicious]

No. Card counting doesn't work anymore. They use multiple decks. There is a way though. I didn't say you couldn't lose, but there is a way to plan to win.

[Kidlicious]

Oh, and I'm talking about legal ways too.

[Ming]

Originally posted by Kidicious
No. Card counting doesn't work anymore. They use multiple decks. There is a way though. I didn't say you couldn't lose, but there is a way to plan to win.

You can find casinos off the strip that still deal one deck by hand.

[pchang]

Play poker vs. idiots. The trick is finding a table of idiots.

[Kidlicious]

Ok. Here's my plan. I'm going to take $5,000 to the casino. I picked this sum because it's the most that I'm willing to lose at any risk. The risk to lose it will be very small though. I plan to win between $500 and $1500. I plan to play Roulette 100 times with $50 chips, and bet that $50 on one number each time. However, if I win between the first and tenth time I will quit. I will also quit if I win three times out of that 100 bets.

Here's what I have for probabilities so far.

Probability of winning 1 out of 100 bets = 1/31^100 = 96.2%
Probability of winning 2 out of 100 bets = 1/31^100/2 = 80.6%
Probability of winning 3 out of 100 bets = 1/31^100/3 = 76.5%

What do you guys think?

[Kuciwalker]

Ok. Here's my plan. I'm going to take $5,000 to the casino. I picked this sum because it's the most that I'm willing to lose at any risk.

I thought you said you were in poverty... and you're planning on just blowing off $5,000?

[Jaguar]

[Solomwi]

What kind of roulette table are you playing? Your odds of winning are 1/38 (1/37 on a European style table), while the payout if/when you do win is 1/35. Regardless, all your doing is betting that your number comes up early in the cycle, i.e. among the first 34 attempts.

[Fve Crathva]

You bet one of the higher rollers that he's going to lose.

SP

[Zkribbler]

The more you play, the better the casino's chances are of beating you. So players need to get in and out in a hurry.

Therefore, besides counting cards (and cheating ), there are only to reasonable chances to win:

1) Be the casino...casinos almost always win.

2) Double your bet. That is, first decide on the amount you want to win...say $100. Bet the whole $100. If you win, you pocket the money and walk away. If you don't, you double the bet...$200. If you win, you've paid yourself back for the $100 you lost and you've won the $100 you wanted to. But if you lose again, you bet $400 the next time. If you win, you've paid yourself back the $300 you've lost plus you've won the $100. If you lose, bet $800. . . . etc.

Most of the time, with this system, you'll win your target. But if you don't...God have mercy on your credit rating.

[Kidlicious]

Originally posted by Solomwi
What kind of roulette table are you playing? Your odds of winning are 1/38 (1/37 on a European style table), while the payout if/when you do win is 1/35. Regardless, all your doing is betting that your number comes up early in the cycle, i.e. among the first 34 attempts.

There are 31 numbers here. I'm pretty sure. The pay out is 30 to 1.

Yes, you will win if your number comes up early. Your odds of winning at least $500 is very high though. It's not as simple as just betting 30 times on the same number. The risk of betting on less spins puts all of your money at much more risk. You benefit where you walk out ahead though. You have to plan that though.