Can you beat the house edge - page 6.

Caladonian

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Quote from: Botnake on February 12, 2017, 11:28:09 PM

Quote from: RoommateAgreement on February 12, 2017, 11:23:39 PM

the thing about house edge that we should all know, is that house edge is there to make sure the house wins.
we already all know that the house always wins no matter what. and when the house edge comes into play, that means the house has even more chance of winning against the players.
if it was anything other than this, the house would have been bankrupt.

With that, there is no way you can beat the house edge, the only thing you can do is to minimize your loses by limiting your bets. The house edge gives them a winning moment most of the time and if we go stick with it and spend more time, it means more loses on our part.
By understanding our chances, we will be able to minimize our loses and we will learn that enjoying is more important than seeking for a win.

exactly that should how we treat gambling with house edge limiting or lessen the amount of loses than aiming for winning against the house, if you can control those emotions and just limit the amount of time that you will going to spend practically chances of getting some earnings will be possible but in the long run we should just spare little money that we are ready to lose.

Botnake

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Quote from: RoommateAgreement on February 12, 2017, 11:23:39 PM

the thing about house edge that we should all know, is that house edge is there to make sure the house wins.
we already all know that the house always wins no matter what. and when the house edge comes into play, that means the house has even more chance of winning against the players.
if it was anything other than this, the house would have been bankrupt.

With that, there is no way you can beat the house edge, the only thing you can do is to minimize your loses by limiting your bets. The house edge gives them a winning moment most of the time and if we go stick with it and spend more time, it means more loses on our part.
By understanding our chances, we will be able to minimize our loses and we will learn that enjoying is more important than seeking for a win.

RoommateAgreement

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Bazinga!

the thing about house edge that we should all know, is that house edge is there to make sure the house wins.
we already all know that the house always wins no matter what. and when the house edge comes into play, that means the house has even more chance of winning against the players.
if it was anything other than this, the house would have been bankrupt.

SyGambler

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Quote from: HaXX0R1337 on February 12, 2017, 05:03:27 PM

Quote from: SyGambler on February 12, 2017, 04:31:44 PM

oh we still discussing that these days , come on guys casinos aren't charities and they won't run if that is possible
but in some cases you can use the promotions to lower the HE , and rarely there are some events that you have +EV but it's rare
like the bingo competition that primedice used to run , but in normal days you can't beat the edge

How about making some lucky rolls and winning a big amount of money and stop rolling and exit the site forever.If i could do that then i am beating the house.What is the bingo competition you are talking about and i have not seen anything run by primedice for the past few months. Am i missing something here ?

nope that doesn't mean that you beat the house edge , that just means you got lucky
when we are talking about beating the edge this means that whenever you wager you are expecting to win and that's not the case

about primedice bingo it's one of the promotions in primedice where you have to wager and hunt some numbers
here is the link https://bitcointalksearch.org/topic/primedicecom-bingo-competition-win-up-to-4-btc-each-1499249

cryp24x

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Quote from: equator on February 12, 2017, 03:34:37 PM

Quote from: bajing on February 12, 2017, 02:49:16 PM

Quote from: beerlover on February 12, 2017, 02:32:52 PM

Quote from: bajing on February 12, 2017, 02:24:51 PM

maybe gambler never can beat house edge only in online casino.

Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.

I never heard there is any gambler can winning big in casino online even though there is who can win huge amout it's from lottery or slot machine. yeah maybe we have think hard to beat the house edge but I think in casino online we against system and i'm sure everything is already set by the system.

Their are some big whales who have beat the house edge and won big high but that was due to they just played some bets with all in and as soon as they won they withdrawn it and never turned back, other then that i dont think that anyone was able to win against the house edge on long term.

Well it is a matter of timing. If you timed your quitting during the winning streak, you definitely beat the house edge and exit with a win. But if you get greed and keep on playing, eventually you will lose all the winnings including your bankroll or worst, you make several deposit more just to beat the house lol.

HaXX0R1337

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Quote from: SyGambler on February 12, 2017, 04:31:44 PM

oh we still discussing that these days , come on guys casinos aren't charities and they won't run if that is possible
but in some cases you can use the promotions to lower the HE , and rarely there are some events that you have +EV but it's rare
like the bingo competition that primedice used to run , but in normal days you can't beat the edge

How about making some lucky rolls and winning a big amount of money and stop rolling and exit the site forever.If i could do that then i am beating the house.What is the bingo competition you are talking about and i have not seen anything run by primedice for the past few months. Am i missing something here ?

SyGambler

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guess who's back

oh we still discussing that these days , come on guys casinos aren't charities and they won't run if that is possible
but in some cases you can use the promotions to lower the HE , and rarely there are some events that you have +EV but it's rare
like the bingo competition that primedice used to run , but in normal days you can't beat the edge

coinplus

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Quote from: ralle14 on February 12, 2017, 04:42:31 AM

Quote from: nikolai9982 on February 10, 2017, 11:22:59 AM

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

My experience with gambling gave me a lesson that you can't beat the house edge. You can win against the house but only for a short time like what others said because if you keep trying and trying you'll lose in the end.

Yeah actually winning against the house is like considering can we win a race when our opponent is given an undue advantage ? No right ?

Same here because when the opponent is given undue advantage which I mean the house edge then its nearly impossible to win.
Though this can still happen in case you play skill based games and believe that you can win even when you know you are starting the race from behind.

Clement Kaliyar

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Quote from: dothebeats on February 12, 2017, 03:59:48 PM

Sometimes, yes, you can beat the shit out of the house edge. But as you go along and continue playing on that same casino with the same game and same methods of how you play, you'll notice that the house edge is recouping its losses and starts to eat up your own money as well. It's been proven a lot of times now, the house always wins in the end.

So are you telling that if you keep changing the strategy you wont end up losing and the house edge wont catch you. Huh

may be that is true as there were times when i used to win a lot by using a specific method and made a significant amount of profit and the very next time when i deposited and tried the same method i end up losing everything.So may be it is true.

sir.humus

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Not only do betting systems fail to beat casino games with a house advantage, they can’t even dent it. Roulette balls and dice simply have no memory. Every spin in roulette and every toss in craps is independent of all past events. In the short run you can fool yourself into thinking a betting system works, by risking a lot to win a little. However, in the long run no betting system can withstand the test of time. The longer you play, the ratio of money lost to money bet will get closer to the expectation for that game.

dothebeats

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Sometimes, yes, you can beat the shit out of the house edge. But as you go along and continue playing on that same casino with the same game and same methods of how you play, you'll notice that the house edge is recouping its losses and starts to eat up your own money as well. It's been proven a lot of times now, the house always wins in the end.

hatshepsut93

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Quote from: equator on February 12, 2017, 03:34:37 PM

Quote from: bajing on February 12, 2017, 02:49:16 PM

Quote from: beerlover on February 12, 2017, 02:32:52 PM

Quote from: bajing on February 12, 2017, 02:24:51 PM

maybe gambler never can beat house edge only in online casino.

Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.

I never heard there is any gambler can winning big in casino online even though there is who can win huge amout it's from lottery or slot machine. yeah maybe we have think hard to beat the house edge but I think in casino online we against system and i'm sure everything is already set by the system.

Their are some big whales who have beat the house edge and won big high but that was due to they just played some bets with all in and as soon as they won they withdrawn it and never turned back, other then that i dont think that anyone was able to win against the house edge on long term.

Winning a few bets doesn't mean that you have beaten the house edge, beating the house edge means that you somehow can win over the long run, which is almost impossible, statistically speaking. But if we are talking about just profit, than whales indeed might have a better chances, because of two reasons. First, they can make big bets with low multiplier, for example one can bet $10.000 with x1.1 multiplier and have almost 90% chance to win $1000. The second reason is that some mega whales can have bigger bankrolls than some casinos, and if those casinos haven't set a mathematically required limit for the highest win, than whales could potentially bankrupt such casino, because number of bets won't be enough for the house edge to make an impact.

Dmtripp27

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Sure you can beat the house edge for a short period of time most of the time. But in the long run you can't beat the house edge. Thats the key to gambling get out when your ahead. Or before you lose. However theres still gonna be times when you lose on the first roll thats the whole point of gambling. So yeah as long as your lucks good and you get out after playing for a short period of time you can beat the house esge least for awhile, most gamblers don't know when you quit.

equator

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Quote from: bajing on February 12, 2017, 02:49:16 PM

Quote from: beerlover on February 12, 2017, 02:32:52 PM

Quote from: bajing on February 12, 2017, 02:24:51 PM

maybe gambler never can beat house edge only in online casino.

Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.

I never heard there is any gambler can winning big in casino online even though there is who can win huge amout it's from lottery or slot machine. yeah maybe we have think hard to beat the house edge but I think in casino online we against system and i'm sure everything is already set by the system.

Their are some big whales who have beat the house edge and won big high but that was due to they just played some bets with all in and as soon as they won they withdrawn it and never turned back, other then that i dont think that anyone was able to win against the house edge on long term.

bajing

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Quote from: beerlover on February 12, 2017, 02:32:52 PM

Quote from: bajing on February 12, 2017, 02:24:51 PM

maybe gambler never can beat house edge only in online casino.

Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.

I never heard there is any gambler can winning big in casino online even though there is who can win huge amout it's from lottery or slot machine. yeah maybe we have think hard to beat the house edge but I think in casino online we against system and i'm sure everything is already set by the system.

beerlover

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Quote from: bajing on February 12, 2017, 02:24:51 PM

maybe gambler never can beat house edge only in online casino.

Need not to be true.
It always too hard to beat the house edge in all type of casinos when are competing against house (unless it is a player vs player environment). If you are able to beat them consistently, in long run houses will go bankrupted.

bajing

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Quote from: uneng on February 10, 2017, 01:25:06 PM

Quote from: nikolai9982 on February 10, 2017, 11:22:59 AM

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

It can be possible or not. The 1% house edge makes the casino have profit on long run. They have 1% advantage over you. Doesn't look much, but if you play many times it will make a difference.
There isn't a knew way to beat the house edge, your method to play probably gave you profit because you had luck, but you didn't beat the house edge.

How about the gambler has claim if he can cut the house edge in roulette game I read he won around 15m$ from real casino maybe gambler never can beat house edge only in online casino.

RealPhotoshoper

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Quote from: stomachgrowls on February 12, 2017, 10:54:22 AM

Quote from: lite on February 12, 2017, 10:51:24 AM

Quote from: nikolai9982 on February 10, 2017, 11:22:59 AM

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

No. you can't beat house edge, unless you have infinite bankroll/ you are extremely lucky!

Infinite bankroll is useless the best thing would be extreme luck which is the most important thing on playing gambling.Beating house edge is hard for longer runs.

house edge exist to make the casino owner always in favor to get profit over their players.
so for me you can always beat them , it is only the matter are you gonna make it long term or just for once?or twice?
if then you want make it for long time , i don't think you can hold it longer enough.

gabmen

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Quote from: nikolai9982 on February 10, 2017, 11:22:59 AM

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

I think ita hard to do that especially if you'te gambling online. Its almost impossible to beat the house edge and you just have to start playing that eventually the house will beat you. I just guess that best way is to be responsible gamblers and dont try to beat the house

bhadz

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Quote from: fullypak on February 11, 2017, 03:52:17 AM

Quote from: bhadz on February 11, 2017, 02:17:07 AM

Quote from: nikolai9982 on February 10, 2017, 11:22:59 AM

Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?

If you think that you can beat the house edge that way. I guess it's no use at all, claiming with faucets are just a waste of time and if you will ever lose a lot of bitcoins as you gamble. Recovering your bitcoins that way is not going to work out. So I guess it is really going to be a hard thing to defeat the house edge in any way.

Yes beating house edge with faucets is just time waste, you never beat house edge with faucets. Getting Bitcoin from faucets is not an easy task. If you want to get back your loss try to play any skill games with the small investment, it will work, but what you choose this way is not good to earn bitcoins.

It's an easy task to claim Satoshi's with faucets but relating it upon beating the house edge by simply claiming there in your gambling activity. I don't think that it is going to be ever an effective way of beating the house. Gambling smartly and taking responsibility with your own bitcoins will help you to beat the edge. How? By knowing that in the end the house will always with favor.

Topic: Can you beat the house edge - page 6. (Read 4019 times)