Topic: The House always wins. - page 17. (Read 8252 times)
this is one of the most obvious things in gambling, the house has the edge and that is always true. otherwise they will start losing money and in case of losing they would have to close down their site and stop their business. and you know every business is only open to make the owner profit. also i don't get why people insist on playing at FreeBitCo.in just use a normal dice site like PD
First if you play dice on 2X its not 50/50, its more like 49.5% chance for you.
Now look that this way, you have bankroll 1000$ and play 1$ each bet, you will hit 495 times 2X and lose 505 times. Your bankroll is now 990$. Now bet 1$ again, and you will win 490.05 times and lose 499.95 times, and that will leave you with 980.1$. Do you see patern here? It doesn't have anything to do with house, its pure math.
Now look that this way, you have bankroll 1000$ and play 1$ each bet, you will hit 495 times 2X and lose 505 times. Your bankroll is now 990$. Now bet 1$ again, and you will win 490.05 times and lose 499.95 times, and that will leave you with 980.1$. Do you see patern here? It doesn't have anything to do with house, its pure math.
This is not becauaw of math though, you can calculate it that way because there is house edge which can lead you to losing for sure. But I want to ask something how can you so sure that you will hit on 495 rather than win on 505? How can you even calculate that?
Conclusion:
You can never beat the system. If it decides to screw you, you are screwed.
What ever you do you are gonna give it all to the house back (along with the winnings) in the long run from any of the Dice websites.
You can never beat the system. If it decides to screw you, you are screwed.
What ever you do you are gonna give it all to the house back (along with the winnings) in the long run from any of the Dice websites.
And this is exactly the reason I gradually move away from playing standard Dice, Slots or Roulette in favor of sports betting and Poker (despite me being totally awful at it so far).
I feel like with this types of gambling house has zero possibilities to fool me. I lose because I made a mistake or had no luck, not because it is designed for me to lose.
The house is the main interested into gambling, that will bring them profit, if people dont play on that house, wont be any win for the house. But all opened casinos has always a new gambler trying luck, but in the end some people will profit and the house will always profit.
Gambling has depended purely on luck, and luck will not come every time and every day so gamblers can't win whenever they gamble. They can win only when they are lucky and rest of the time house will win. Don't gamble for longer period of time and just gamble once in a while to enjoy the games.
but let's think about in this way,
if you run away when you reach 0.047,
you can have a 0.019 profit,
so there is a chance to be profitable,
if you know when to stop...
above is just my opinion..
if you run away when you reach 0.047,
you can have a 0.019 profit,
so there is a chance to be profitable,
if you know when to stop...
above is just my opinion..
Specially those casino who offered a good promotion . Because with a good promotion people will keep coming back to play on their games even if they are losing or winning. You can only win in a casino if you know when to stop. Most of players lose because they are greedy and they always chase their losses.
The house is the main interested into gambling, that will bring them profit, if people dont play on that house, wont be any win for the house. But all opened casinos has always a new gambler trying luck, but in the end some people will profit and the house will always profit.
The games are set up for the house to always make a cut, so you are correct that as long as people keep gambling, the house will win. But there are also some gamblers that will win as well, it's just not possible to win all the time unless it is a game that takes skill like poker.
First if you play dice on 2X its not 50/50, its more like 49.5% chance for you.
Now look that this way, you have bankroll 1000$ and play 1$ each bet, you will hit 495 times 2X and lose 505 times. Your bankroll is now 990$. Now bet 1$ again, and you will win 490.05 times and lose 499.95 times, and that will leave you with 980.1$. Do you see patern here? It doesn't have anything to do with house, its pure math.
Now look that this way, you have bankroll 1000$ and play 1$ each bet, you will hit 495 times 2X and lose 505 times. Your bankroll is now 990$. Now bet 1$ again, and you will win 490.05 times and lose 499.95 times, and that will leave you with 980.1$. Do you see patern here? It doesn't have anything to do with house, its pure math.
A casino can be fair at 50/50 and still make profit. In Bitcoin this is possible because they can process a lot of transactions and get fees from every transaction, so even if it's 50/50, they will still remain profitable but they will require a decent amount of transaction volume to get on the green profits, because they will need a lot of people on their service to get a big amount from the fees.
I dont really understand what are you talking about? Are you referring to the transaction fee? That fee does not belong to the casino and it belongs to the network. And i have not seen a gambling site taking fees for everytime you play. I dont think that is a good idea too UNLESS the house edge is on our side. (Maybe this can be a great idea to explore)
Hello
It depends on your luck if you may make a profit or not. However if you keep betting the House WILL always win and you will lose. Its more economic to withdraw your balance when you are making a small profit and stop betting.
Good luck!!
It depends on your luck if you may make a profit or not. However if you keep betting the House WILL always win and you will lose. Its more economic to withdraw your balance when you are making a small profit and stop betting.
Good luck!!
if the house already paid you a while ago, you can be sure that there are big chances that you won't get any wins in a while
Yes, with their built in edge on the games, the House will always win in the long run. It doesn't matter to the House if an individual punter wins big or even a number of individuals win big, because overall when counted together with all gamblers playing on their site, the numbers still converge to the House making profit vs. the general player pool.
Knowing this, I avoid playing against the House and instead play games where I can gamble against other players, ie, poker, where I have the opportunity to increase my edge against others players. The House still wins in poker with rake, but at least I can overcome and beat the rake in various ways, the main way being of course, playing against lesser skilled opponents and knowing how to stay out of the way of trickier/more skilled opponents.
Knowing this, I avoid playing against the House and instead play games where I can gamble against other players, ie, poker, where I have the opportunity to increase my edge against others players. The House still wins in poker with rake, but at least I can overcome and beat the rake in various ways, the main way being of course, playing against lesser skilled opponents and knowing how to stay out of the way of trickier/more skilled opponents.
The house always wins only if the player is playing regularly and long time, then surely at the end they will be in loss because the gambling system of the site just caches your strategy of playing and reverse it on long time at that point of time.
That's reality, the house always wins because they are into business therefore they should set the rules in favor to them, that is usually the norms for machine operated games like online dice, roulette, and related games. There is nothing we can do about it so we must play safe and do not last in this type of games as you will lose in the long run.
I also pretty sure about this and nobody can ignore this the house is very smart than gamblers, any player who don't have very good amount in reserve will lose in long run, if we have very good luck than we can get some profit from any casino otherwise will get busted if we play daily on any game.
That's reality, the house always wins because they are into business therefore they should set the rules in favor to them, that is usually the norms for machine operated games like online dice, roulette, and related games. There is nothing we can do about it so we must play safe and do not last in this type of games as you will lose in the long run.
All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.
obviously yes basically the owners build new casinos because they want took money from the players and that's why the players won't be win against the house except those players are cheating or were lucky
It was planned before it was established so no wonder if you have lost your BTC just try to quit gambling when you think it was time, I compelled myself to gamble everytime however I always contradict myself in some ways that I don't know how to play it safe, having said that I learned now so much have been learned. Oneself need to understand the rules and play it best.
All casinos have designed to make profit in long run. So that I think there is no chance to those people who play continuously while thinking they will keep them on winning streak. The house is always win in long term for sure.
All of a sudden i remember this movie. 21? 2008 starring Jim Sturgess. They know how to count cards and they are getting the most of what they can breaking casinos. Now in the storyline, some even break the casino and took 7digits of cash from them. But... I think that's just it, and the casino is still open even then.
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