How do you gamble to win?

[Kidlicious]

Originally posted by LulThyme


The casino will win if 100 people do like you, or if you do it a hundred time is what I said.

You ahve 80% chance of winning, but lose 10 times what you win if you do lose.

The casino is very happy with you

Who cares about 100 people and the casino?

[Kidlicious]

Originally posted by Alexander's Horse
I love the way new gamblers always think they can beat the system.

I've gambled, and mostly lost. I don't gamble very much though.

[Kidlicious]

Originally posted by Lawrence of Arabia


so is his economics

Oh, like the Law of Supply. That's right. You have a problem with that one don't you.

[KrazyHorse]

Originally posted by Kidicious


Ah, but that doesn't mean you can't win. The more money you have the more you can win. If everyone used this system and we all shared our resources we would break the casino. Would they have better odds? yes. Would they win? No.

This is a pretty stupid statement.

[KrazyHorse]

Originally posted by Kidicious


Who cares about 100 people and the casino?

Who cares?

On average those 100 people will walk out poorer than they walked in. The casino is sitting pretty.

Do you think you're the first person to come up with a double-up system? Don't be silly. I thought this through when I was in elementary school.

Like LulThyme says: all the "system" does is increase the amount you're risking while keeping the reward constant. This obviously drives up the odds of walking out ahead, but it's a sucker bet because of the inordinate amount you're risking for an almost negligible reward.

Say you walk in with enough to go through ten rounds of betting using your double-up system and with an original bet of 100$. You need 102 300$ in chips to cover such a run. The house edge on blackjack is something like 52-48 IIIRC, so the chances of you losing all ten hands in a row is 0.52^10 = 0.00145

So there's a 99.855% chance you will win 100$

and a 0.145% chance you will lose 102 300$

Sucker bet. In fact, on average you lose 48$ with this system.

[Kidlicious]

Originally posted by KrazyHorse


This is a pretty stupid statement.

Shut your pie hole

[Ming]

Be nice... or be restricted

[Dis]

forced pacification. interesting.

[MRT144]

bet people that you can get them betting by the end of the night.

[Flubber]

Its funny when people think they can beat the casinos.

I guess all those millions of people, including wealth folks are all too stupid to see the brilliance of the double up system LOL.

As I said casinos love to see such systems. If people are doing it with an initial stake of 100, their worst case is that some folks are up 100 at a given moment (or 200,300,400,500,600 if they have had winning streaks) while at the same time there are people down 100,200, 400, 800,1600, 3200)---


Oh and of course you might win kid-- you might walk away with a fistful of money, but rest assured that there will be more than enough losers to pay for your winning.

I'm still not sure though why you don't just multiply your bet by 10 each time you lose

[LulThyme]

Originally posted by Dissident
can solitare be won consistantly? I would think not. too much depends on the luck of the cards I'd imagine.

which solitaire?
the classic one also called Klondike is winnable about 13% of the time, by experiments, although this hasnt been proved yet ...
(read that today even by luck!)

[LulThyme]

Originally posted by Kidicious


Who cares about 100 people and the casino?

ok lets see, youre playing against the casino...
casino win = you lose and vice versa
so if casino mostly win , you mostly lose
and notice there was nothing assumed about any person, so you're not any better than the other people.


actually i dont even know why i keep explaining when your last argument (although not directed to me)
was shut your pie hole...

So if you need more explanation I can try, but I would advise doing some simulations or go lose your money might be the only thing that could convince you.

[Flubber]

Originally posted by LulThyme

or go lose your money might be the only thing that could convince you.

The thing is he COULD win. But thats about as much proof of the effectiveness of the system as if I were to win the lottery by picking numbers using the last two digits of the value of the DOW average at certain specified times

[Ben Kenobi]

they could make a lot more money out of legitimate investments with much less risk

Very true.

If you have the money to burn by risking it gambling, why not invest in stocks with high risk?

I'll bet you come out ahead if for every dollar you take with you gambling, you invest another dollar.

[KrazyHorse]

Originally posted by Kidicious


Shut your pie hole

The truth hurts, sweetie. You've completely missed the point. If a million people did what you described then the casino would be up around 48 million dollars.

Nice retort though.