i can make money from gambling
you can make money with gambling if you are 100% sure winner all the time, but if not, then it's not a good way of growing your bitcoins
Well you don’t need to win 100% of the time to be a winner in a real life casino, you only need to push the percentage in your favor to about 51% and have deep pockets to withstand some bad luck.
don't you think if its just 51% winning is just break even?
maybe 75% wins that will make money
but again, it's based on chance and luck. not my cup of tea
If there was no house edge, you should break even.
When you go to Primedice, you should notice that at 2x payout the win chance is 49.5%. This is because Primedice has an 0.5% house edge, and this is why it is not profitable to play Primedice in the long term.
I am not interested in growing my bitcoin through gambling,
But for curiosity what role has this house edge that you have mentioned?
How does it affect in your earnings in this case for long term
It means that out of 100 bets with 50% chance you will lose 49.5 bets and lose 50.5 bets when house edge is one percent.
At 2x payout you will have a chance of 49.5%, which is a house edge of 1%, not 0.5%.
I'm no pro, so someone correct me when i'm wrong.
This and that is why you need to push your winning percentage, in order to have an edge over the house. You also need deep pockets in order to withstand losing streaks; this is one of the reasons why people with a winning method eventually lose to the house.
Some of the games in a real life casino in which you can obtain a edge against the house are: blackjack, roulette and craps.
You can never get an edge over the house in blackjack or roulette. Only stupid people think that. In blackjack you can play perfect and lower the house edge. In roulette there is a fixed edge and no way to change it. Roulette is pure luck and nothing else.
If you want to have an edge and win because you are skilled you have to choose poker. Poker is pure math and if you play correct you will in in the long run. Gamblers dont do good in poker since they lack patience.
Craps use dice so it is pure luck there to.
Sites where you can play dice is also a waste of time and monney. Just throw away some money and save the time.
You’re entitled to your opinion. But you’re mistaken. It’s possible to obtain an edge over the house in blackjack, roulette and craps in a real life casino.
For Blackjack: Basic strategy + Card counting this will give you an edge in particular hands, if you would like to obtain a greater edge you may try Ace tracking.
For Roulette: This was, as far as I know, the first game to be beaten, the method is simple but laborious, you need to track thousands maybe tens of thousands of spins of a single roulette then you’ll need to determine whether some numbers appear more than they should and if that is enough to give you an edge, if it is, then it’s only a matter of betting the same numbers over and over again.
For Craps: the method it's called Dice Control. Dice Control is a deceiving name; it’s more like being able to alter the probabilities of a particular number to appear or not to appear.
If you don’t believe you can search on the internet and see that this are real methods.
Good luck
