Topic: A lot of people in this section do not understand basic gambling concepts. - page 2. (Read 231 times)

Exactly, there's no way that the house will let themselves take the L no matter how much they say that they love their VIP players or patrons? That's just a lie to perpetrate the belief that they care about the customers and that they don't cheat you in any way but that's not the case, gambling is a lucrative business that generates the owners, billions if not millions of dollars every year, do you think that they would be able to do that if they really care about their players, the one that will care the most will be the first one that's going to go out of business, that's the truth.

In the glittering realm of casinos,amidst the allure of flashing lights and the adrenaline rush of high-stakes games,there's an undeniable truth that often eludes many hopeful players which is the house always wins.This unwavering principle,rooted in the mathematics of probability,ensures that even the most skilled or fortunate of players will ultimately succumb to the relentless advantage held by the house over the long run.
Simply put,it's the statistical advantage that the casino holds over the players in any given game.While it may vary depending on the game and its rules,make no mistake as there is no game where the odds favor the player over the house in the long run.
In the popular game of Texas Hold'em poker for example,where players pit their wits and strategies against each other in pursuit of the elusive pot of winnings.Despite the illusion of player to player competition,the house still manages to secure its share of profit through implemented fees.Whether it's the rake in cash games or the tournament fees in competitive play,these seemingly innocuous charges tilt the scales in favor of the house,ensuring that a portion of every pot flows back into its coffers.
Everybody or almost everybody knows these basic concepts yet they want to try because the max win in a good slot machine makes these walls put in place by the casino to be always in profit look like walls of sand.

I have no idea casinos can actually reduce the HE of their games for VIP members. But the fact that they can do this, there is no stopping them from adjusting HE for all. But do we have options to check the HE for our regular account?


Yep all we are focused on is just to win in a game. To me I'm just in a sports but not even a regular but only bet on main events.

I understand what house edge is and I also understand why expected value is, but I do not really understand how to practically use them while gambling. Only what I understand about them is that they are existing in a way that the gambling and betting sites set them which to make the game and matches to favour them and not gamblers unless if they make a mistake. Example is in some matches in sport, they make the mistake and not calculate the expected value accurately to set the odd properly at times.

Personally I believe gambling is gambling so there is no position whether VIP, Legendary etc that can make me feel I'm above others or I have espace the loss, we all are prone to losing to the casino.

if one knows the ratio which goes to the house edge on most of the game it only helps then avoid playing some kind of game as they are even enrich the casino whether they win or lost which loses the casino is still going to gain either ways.  when I see people saying they can do all sorts of things and escape the fence of casinos I just laugh and ignore because they are either ignorant or something.

people who play Blackjack are a bit better than others because they avoid the high advantages which the casinos have over the players.

Of course experienced players understand that no amount of effort you make that will make you consistently win above the casino even though you win at some point, at other times you lose more than you won. Likewise, those newbies coming up with new strategies of martingale or whatnots, they could just win few times with what strategy they got and later the winning discontinues. As far as you are gambling, you don't have a percentage of higher winning rate than the house even with VIP account, this is the reality about gambling.

I agree. The EVs will always be negative even when the house edge is reduced.

Even though I don't have a VIP account on any casino, what I know is that compared with regular accounts, that a lower house edge for them just means reduced losses. Their expected value is still on the negatives negative.

Bonuses, promos, free spins do not reduce the house edge or turn the EVs to positives, they only reduce the risks of the player involved.

Even for the top VIP accounts there's never a positive return to player. There's no casino that will allow any player to have more returns than losses simply by wagering. It never happens.

Many people are simply fooled by the vip programs. Yes, some sites are more generous than others but we have to realize that it's not a realistic expectation to expect at some point to be earning more than losing simply by playing at a casino. Even if you reach the highest VIP level, which means you lost millions, the casino is even st that point going to have a house edge against you. Maybe with the bonuses the house edge is lower, but never positive.

As House Edge or Expected Value.

What percentage do you think they are?

It's hard to get an estimate right but I'd say it's pretty high, like more than 50% of those who write here. So it is understandable that every now and then we are seeing threads about someone who believes he has found a new variant of the Martingale with which he is going to beat the house.

There are also those who think that if in a site with an HE of 2% if for your VIP status they reduce their HE by 10%, they are giving them a negative HE (or a positive Expected Value) of 8%, instead of realizing that what they have reduced is the original HE from 2% to 1.8%.

Many have some idea of the concepts and use them to write here to meet their quota but do not really understand them.