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Topic: The House always wins. - page 3. (Read 8267 times)

hero member
Activity: 3052
Merit: 606
November 06, 2016, 08:43:08 PM
This title is not 100% correct, it should be "the house is always in profit". Mathematically speaking, there is a probability to be profitable in the long run, and some players actually are, but the house will be in profit, because more people will lose in the long run than win.
And there is a wrong myth that people are loosing because of house edge. Its not, see any gambling site and see the wagered amount and their profit and you will see its much more than 1% of the wagered amount. Suppose, I give you 0.01 will you be able to wager 1 btc with it ? Very difficult and thats what I mean.
The house edge is there and that is the only way a casino would win but it does not mean that they are already a winner due to the house edge. It's like this, gambling sites have a good bankroll and we as gamblers does not have one, most probably we are just gambling with small amount but we are aiming for a bigger win and that makes us lose because it's not easy to achieve a big win coming from a small bankroll. In the long run we lose.
member
Activity: 66
Merit: 10
November 06, 2016, 08:36:56 PM
The player in Casino is called the House. The winning will depend on the law of probability and law of large numbers. People in Casino will win not 50-50 but there will be some distinct number like 49-51 probability or 47-53. You might lose a lot at first before you get your winnings and the probability numbers above requires a lot of experience playing it. On different kinds of gambling, the probability changes that the house only could tell.
legendary
Activity: 1442
Merit: 1025
November 06, 2016, 01:49:27 PM
This title is not 100% correct, it should be "the house is always in profit". Mathematically speaking, there is a probability to be profitable in the long run, and some players actually are, but the house will be in profit, because more people will lose in the long run than win.
And there is a wrong myth that people are loosing because of house edge. Its not, see any gambling site and see the wagered amount and their profit and you will see its much more than 1% of the wagered amount. Suppose, I give you 0.01 will you be able to wager 1 btc with it ? Very difficult and thats what I mean.
sr. member
Activity: 364
Merit: 254
CryptoTalk.Org - Get Paid for every Post!
November 05, 2016, 11:10:31 AM
The odds are set so that the house always gets a cut of the money and it will be enough for them to make a profit. So it's true that the house always wins. Some gamblers will win also, but many will lose.
hero member
Activity: 2548
Merit: 605
November 05, 2016, 11:04:31 AM
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.

The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.

Good news indeed. But we also have to careful with that. Some of this online casino dont stay way too long. So if they say you can get the invested money for semi annual or annual you better think again before putting in your lovely bitcoins.
I think there should be something innovative done in this field, like they make the investors control their money.
Maybe a multiple key wallet where the funds can be just used when both the investor and site wants, but then why the investor would allow loss since he has the keys .. confusing .. but really something might be done if any tech thinks.
hero member
Activity: 910
Merit: 500
November 05, 2016, 10:55:32 AM
House may not win 100% of the time because there is at time someone can win jackpot or super lucky on that day. However, even if you manage to win a huge amount, you will still end up coming back to bet more and eventually lose in the long run.

Well, If you would refer to that scenario then you can really say that the house does not win all the time. But the question there was before the lucky jackpot by a player did the casino already got their profit too?  Wink If so then 100% win-win situation is real.

The jackpot is money lost from gamblers, isnt money from the house is the money that the gamblers has lost that went into the jackpot, atleast i do see those jackpots like those, otherwise house would be at risk, and they arent at all.

That is what was i am trying to point out that still the house has always to be the winner because they've already gain their profit before sharing it to those shall we say a "lucky" random players.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
November 05, 2016, 10:34:06 AM
They need some income. So where will they get it? Of course in making gamblers lose most of the time. Making them addicted at first by letting them win until to the point that they will get it back. Greedy wont win with this kind of games. As long as you want some more you will lose. That is the mission of those gambling site. Profits from gambling addiction of people.
You have said "letting them win". So it means youre likely saying that owner is controlling the game and letting those gamblers to win in the start and make them lose after? Seems your wrong. The one that you are saying is what you called beginners luck, winning in the start.

it is more likely that the house is actually letting beginners win. beginners luck is not exactly true. and yes the house always win. it's a bait. you win the beginning and then you get to enjoy seeing your money grow, then when you get a little to cocky and spending more in bets, that''s when the house will beat you. it's a normal process and i think most experienced gamblers already know how that works
legendary
Activity: 2058
Merit: 1015
November 05, 2016, 09:36:53 AM
They need some income. So where will they get it? Of course in making gamblers lose most of the time. Making them addicted at first by letting them win until to the point that they will get it back. Greedy wont win with this kind of games. As long as you want some more you will lose. That is the mission of those gambling site. Profits from gambling addiction of people.
You have said "letting them win". So it means youre likely saying that owner is controlling the game and letting those gamblers to win in the start and make them lose after? Seems your wrong. The one that you are saying is what you called beginners luck, winning in the start.
legendary
Activity: 1456
Merit: 1005
November 05, 2016, 08:09:13 AM
House is not donators, of course they will win in the long term, it is gambling, but a few will win.

Gambling is a paid game means the house has invested to provide these games to enjoy people, and they will have a fee to play and just to keep things more exciting put an option as people can also win money if they are lucky. But if you gamble for longer time surely house is going to win so just gamble when you need fun and if you're lucky surely you will win but never gamble only to win money.
hero member
Activity: 882
Merit: 500
November 05, 2016, 07:56:30 AM
Crypto betting sites only have low house-edge but what makes the house winning is because of longevity and deeper pocket. That 1% low house edge will matter when you play hundreds or thousand times. Please bear in mind that people should bet for entertainment purposes except when you are a professional poker player, etc.

The good news is that some of these casinos accept investors. Currently I am investing with decent returns while sometimes playing.
in the long run yeah there is no way to beat the house unless there is someone who play and get straight win with extremely lucky on them. so yeah better to bet alongside the house by investing on it. as you have know about this house always win.
It is not house edge that defeats a gambler but its the greed actually. Think like this, would you be able to make 0.001 btc if you deposit 1 bitcoin , you will laugh and say yes. So, you are confident that you can make little profits but when I ask can you make 10 BTC from 1 BTC you will get worried, that is that I mean, if you get greedy and keep playing you will face loss Better stop at a point where you think the profits are enough.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
November 05, 2016, 07:07:31 AM
They need some income. So where will they get it? Of course in making gamblers lose most of the time. Making them addicted at first by letting them win until to the point that they will get it back. Greedy wont win with this kind of games. As long as you want some more you will lose. That is the mission of those gambling site. Profits from gambling addiction of people.
hero member
Activity: 980
Merit: 500
November 05, 2016, 07:01:40 AM
Gambling is where you should relay on small wins and play in short sessions. Your main purposes should be hit and run in gambling. House always wins because many people have very good start but don't stop playing and quit for some short period of time. I absolutely second that playing longer puts house in better position and increased its chances to win and that happens most of the time.
Yeah most of simple gamblers loses in a short time in gambling and we all know that we cannot know when we are going to win because most of the time losing is more often than winning. So if you can have a good amount of money, why not try to invest your money in a gambling sites that you think you can earn even if you play you have an investment into it so you can also earn at the same time.  Grin
legendary
Activity: 1484
Merit: 1004
November 05, 2016, 06:50:23 AM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
the house design to win but if gambler like us knows how to control and not being greedy we can also win against the system little by little as a system created by human so better to think that we are still more intelligent against it he only dont have emotions so thats our problem.
but a computer code / math not often do mistakes like human
you cannot win over the house if you still have a way to thinking like human
the online casino games was programmed to become a winner , to always get profit
so that is right the house will always win in the long run .
sr. member
Activity: 247
Merit: 250
November 05, 2016, 06:04:52 AM
House is not donators, of course they will win in the long term, it is gambling, but a few will win.
hero member
Activity: 1820
Merit: 537
November 05, 2016, 05:43:50 AM

the only way is to know how to play it in an enjoyable ways knowing the fact that house will always win should be taking out inside our mind knowing your edge and finding good solution with the gamble that we are in with, we should play games that we understand better so we know when to start and when to start when losing is starting to show up.
Gambling house not always wins but they got the most money of tge players ,mind will set to limit ourself and playing the game we know will be advantage on us so we can make a better play and when luck goes on us maybe to win but only a small percentage on gambling house earnings.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
November 05, 2016, 01:41:14 AM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
the house design to win but if gambler like us knows how to control and not being greedy we can also win against the system little by little as a system created by human so better to think that we are still more intelligent against it he only dont have emotions so thats our problem.
That's is why there's a saying that goes the house always wins. That is something we have to remember when gambling with a house edge as our only chance of winning is only when we are lucky. Never gamble for the sake of making money as you will lose in the end.

Yes, because the games are prepared in such a manner that no one can beat their system whether in a long or short run.
House manages to take out something big when we bet big and lose because we see that we are winning constantly.
the only way is to know how to play it in an enjoyable ways knowing the fact that house will always win should be taking out inside our mind knowing your edge and finding good solution with the gamble that we are in with, we should play games that we understand better so we know when to start and when to start when losing is starting to show up.
legendary
Activity: 1218
Merit: 1007
November 05, 2016, 01:29:09 AM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
the house design to win but if gambler like us knows how to control and not being greedy we can also win against the system little by little as a system created by human so better to think that we are still more intelligent against it he only dont have emotions so thats our problem.
That's is why there's a saying that goes the house always wins. That is something we have to remember when gambling with a house edge as our only chance of winning is only when we are lucky. Never gamble for the sake of making money as you will lose in the end.

Yes, because the games are prepared in such a manner that no one can beat their system whether in a long or short run.
House manages to take out something big when we bet big and lose because we see that we are winning constantly.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
November 05, 2016, 12:52:54 AM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
the house design to win but if gambler like us knows how to control and not being greedy we can also win against the system little by little as a system created by human so better to think that we are still more intelligent against it he only dont have emotions so thats our problem.
That's is why there's a saying that goes the house always wins. That is something we have to remember when gambling with a house edge as our only chance of winning is only when we are lucky. Never gamble for the sake of making money as you will lose in the end.
hero member
Activity: 1302
Merit: 540
November 04, 2016, 10:32:29 PM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
the house design to win but if gambler like us knows how to control and not being greedy we can also win against the system little by little as a system created by human so better to think that we are still more intelligent against it he only dont have emotions so thats our problem.
hero member
Activity: 1274
Merit: 516
November 04, 2016, 09:39:23 PM
Most of the time yes the house always wins. But sometimes whales beats the house because they have lots of bankroll to use for recover. For me and others who have limited bankroll, The house will always win against us unless you know when to stop when you win something. Casino are not created to give money but instead casino are created to get money from people who loves to gamble.
House is not always win but most of the time the house will win,but when the player win at gamble they don't exposed it,  but it is true that casino and gambling site is the place for fun not for looking profit because the house got better odds in winning
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