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Topic: the odds of winning the casino - page 6. (Read 16034 times)

full member
Activity: 1736
Merit: 121
February 24, 2019, 12:02:33 PM
#24
I really think that Sports Betting can be profitable as well even though the risk is still there, The Odds of winning is high,

How is the odd of winning in sports betting high?

I mean, every sports betting has the possibility of not winning. Sometimes, greenhorns cause upset and you will be shocked and never sleep that day. I don't believe in your assertion friend.

As far as it is a game, the chances are fivety / fivety, even the coaches know this. Remember, injury can cause a favourable team to lose.
sr. member
Activity: 2506
Merit: 368
February 24, 2019, 11:45:05 AM
#23
Wherever, whenever, whatever gambling games you play the winning chance are. all the same. The purpose of having your own gambling sites is to earn money that is why some countries doesn't legalize gambling games. Winning in gambling is all about luck

Your comment makes no sense, games have very different odds and the best ones have a house edge lower than 1%.  It is very helpful to have a basic understanding of math and probability before going into gambling.
This guy doesn't consider the skills of a true player and all about he care is just the luck. Probably this guy didn't play any gambling games for once in his lifetime or too afraid to deal with people in a casino. A pro gambler knows how to spot a weakness and use it to his own advantage to make a profit and that's what we call a skill.
legendary
Activity: 3248
Merit: 1402
Join the world-leading crypto sportsbook NOW!
February 24, 2019, 10:56:09 AM
#22
I agree that one gotta know the odds, but that is not the only thing to consider. When the odds are around 50/50 (1% house edge is not that important), it does not mean that you will lose the same amount of times that you win. It means that every time there is an almost equal chance that you'll lose or win. But human emotions come into the game, and when you won, you keep playing until you lose, you keep increasing the bet. The odds are important, but even if you play with, say, 80% probability of winning (you can do that on dice websites, for instance), you are still likely to lose in the long run because of relying on low risks, betting too much and continuing to bet, because there's a high probability of winning. So I agree with people who say that gambling should be considered entertainment, not a way to earn money.
jr. member
Activity: 151
Merit: 2
- ethercrash.io -
February 24, 2019, 07:23:12 AM
#21
Ethercrash.io actually offers a house edge between 0 and 1%.
Here is a small explanation of how the bonus system works and how you can overcome the house edge with it: https://pastebin.com/tjxhVcHf
Here is our official bitcointalk thread in case any of you is interested in knowing more about us: https://bitcointalksearch.org/topic/ethercrash-0-1-house-edge-eth-btc-accepted-5054374

here is a graph of what the house expected return looks like for every multiplier



Here is our odds calculator: https://www.ethercrash.io/calculator
legendary
Activity: 2492
Merit: 1232
February 24, 2019, 05:29:02 AM
#20
Winning game against the house in gambling is the most difficult things in gambling because you cannot depends on your own research or calculation since so many people must have done same calculation and research for the same purpose that brought both of you into gambling.
It is also, odds in winning casino games but what I know is there is actually a strategy to become a profitable player in any gambling.
First things first, you have to always keep the percentage in your wins, and do not bet all you have.
You have to slow it down.

Second, will be the greed, you have to avoid being tilted, choked. You have to focus on winning and disregard your emotions if you are losing. Stay focus.
sr. member
Activity: 1330
Merit: 291
February 23, 2019, 04:57:16 PM
#19
Winning game against the house in gambling is the most difficult things in gambling because you cannot depends on your own research or calculation since so many people must have done same calculation and research for the same purpose that brought both of you into gambling.
legendary
Activity: 2828
Merit: 1497
Join the world-leading crypto sportsbook NOW!
February 23, 2019, 03:34:35 PM
#18
Having these odds stacked against you playing these casino games are really depressing and makes one think against even depositing their hard earned cash into any of those casino bankrolls.
This is why I started betting into sports thinking it would not depend on the house edge or anything like this.
But after yesterday it seems sports betting is just as hard to predict the outcome of the games.
Because all the games I bet on were wrong by either 6 points or the player not defeating their opponent when they were only needing to win one more game while they had 4 chances to do so.
Nearly the same amount of chances to win just as the casinos with their house edge.  Embarrassed
full member
Activity: 630
Merit: 172
February 23, 2019, 12:05:21 PM
#17
Wherever, whenever, whatever gambling games you play the winning chance are. all the same. The purpose of having your own gambling sites is to earn money that is why some countries doesn't legalize gambling games. Winning in gambling is all about luck

Your comment makes no sense, games have very different odds and the best ones have a house edge lower than 1%.  It is very helpful to have a basic understanding of math and probability before going into gambling.
legendary
Activity: 1778
Merit: 1009
Degen in the Space
February 23, 2019, 11:37:50 AM
#16
For me, i do see mathematics in online gambling less effective. Why? Because most of the gambling sites used a pre-determined system wherein the results are already there. Odds maybe helpful but remember that you can still lose in 1.02x multiplier in 1 bet
There's no assurance in any events as  you are playing gambling, everything depends on your luck, if that wont show up then you know what will happen next, even you set it that way, shit still can happen and ruin your bet as gambling always accompanied by risk and whatever system you tried without
luck at your side the end results will still the same.

Always gamble with fun and use spare money so no deep regrets after, win or lose as long as you are entertained that's more enough.
Every time I play, I have a capital willing to lose it without repentance, and psychologically I have it clear, the good starts at the moment in which instead of losing it a good race begins, it is like finding hope that something has been totally lost, this helps me overcome my game every day, that's why I learned, when I play and I get benefits, I usually go out quickly, maybe the statistics can describe the fact that these events can be mathematical, modeling with algorithms, maybe those windows that the algortimo does not recognize can be exploited. Cool

I disagree with that, mathematics are surely helpful everytime. Did you know that there's a solution to solve any probability in gambling? Also statistics can be applied through standard deviation. Try to study and review all of this factor and I assure you that it helps a lot. Atleast there's a way to know the little probability of winning.

Most of the gamblers today don't have any background on probability and statistics. They just only know how to play the game and how things work, that's a fact. They just hoping to be lucky in every time they're betting in casino.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
February 22, 2019, 03:56:04 PM
#15
For me, i do see mathematics in online gambling less effective. Why? Because most of the gambling sites used a pre-determined system wherein the results are already there. Odds maybe helpful but remember that you can still lose in 1.02x multiplier in 1 bet
There's no assurance in any events as  you are playing gambling, everything depends on your luck, if that wont show up then you know what will happen next, even you set it that way, shit still can happen and ruin your bet as gambling always accompanied by risk and whatever system you tried without
luck at your side the end results will still the same.

Always gamble with fun and use spare money so no deep regrets after, win or lose as long as you are entertained that's more enough.
Every time I play, I have a capital willing to lose it without repentance, and psychologically I have it clear, the good starts at the moment in which instead of losing it a good race begins, it is like finding hope that something has been totally lost, this helps me overcome my game every day, that's why I learned, when I play and I get benefits, I usually go out quickly, maybe the statistics can describe the fact that these events can be mathematical, modeling with algorithms, maybe those windows that the algortimo does not recognize can be exploited. Cool
member
Activity: 280
Merit: 14
February 22, 2019, 01:59:16 PM
#14
The game you have mentioned are very new to me. I am hearing about them for the first time.  Please could you throw more lights on this.
I really don't get what you mean by the OP throws more light on this issue.
I feel you should go through the post again and properly.
Its just like every normal casino games
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
February 22, 2019, 12:08:15 PM
#13
Assuming the website that you are using is using a fair system, it's still gambling and even if the chance of the winning in some cases are in fact 80% you can be among 20% that will lose on that bet.

So it's better to not really bother yourself with these percentage numbers, better to just make sure that the website you are using is fair or close enough to what be considered fair...
I definitely agree that most gamblers would lose and even me play gambling would also be in that 20% players who lose money. Having win huge amount is the same as losing. Add all the money you lose and compare it to the money you use to play and i'm sure it's not the same.
full member
Activity: 924
Merit: 221
February 22, 2019, 11:30:33 AM
#12
Wherever, whenever, whatever gambling games you play the winning chance are. all the same. The purpose of having your own gambling sites is to earn money that is why some countries doesn't legalize gambling games. Winning in gambling is all about luck
hero member
Activity: 1302
Merit: 540
February 22, 2019, 10:29:35 AM
#11
For me, i do see mathematics in online gambling less effective. Why? Because most of the gambling sites used a pre-determined system wherein the results are already there. Odds maybe helpful but remember that you can still lose in 1.02x multiplier in 1 bet
There's no assurance in any events as  you are playing gambling, everything depends on your luck, if that wont show up then you know what will happen next, even you set it that way, shit still can happen and ruin your bet as gambling always accompanied by risk and whatever system you tried without
luck at your side the end results will still the same.

Always gamble with fun and use spare money so no deep regrets after, win or lose as long as you are entertained that's more enough.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
February 22, 2019, 09:38:19 AM
#10
Just let your luck deal with it.
I am afraid the luck will not always deal with us hahaha.

Mathematics,calculations or any formulas are not that helpful when we talk about gambling.
Using mathematics, calculations or any formulas can help us to make a strategy but once again, if that game is base on luck, then we cannot do anything except depends on the luck itself and waiting for the luck comes or not. If the luck comes, then we are winning. If it's not, then we are losing the money.
member
Activity: 266
Merit: 33
February 22, 2019, 09:13:42 AM
#9
For me, i do see mathematics in online gambling less effective. Why? Because most of the gambling sites used a pre-determined system wherein the results are already there. Odds maybe helpful but remember that you can still lose in 1.02x multiplier in 1 bet
hero member
Activity: 1022
Merit: 503
February 22, 2019, 09:08:55 AM
#8
Gambling is a game of luck, and no one can prove its not since no one can be in profit for a long time,unless luck is involved.

Hence not can be explain even in scientific way. Sure we have some so called strategy but this don't guarantee us to win and sometimes I'll just go with this feeling and gut and roll it. Perhaps if we really want profit then don't be greedy, just have some winnings then call it a day.

Just let your luck deal with it.
sr. member
Activity: 882
Merit: 269
February 22, 2019, 08:58:17 AM
#7
The game you have mentioned are very new to me. I am hearing about them for the first time.  Please could you throw more lights on this.
full member
Activity: 1092
Merit: 117
February 22, 2019, 08:44:37 AM
#6
Mathematics,calculations or any formulas are not that helpful when we talk about gambling.Of course this depends on each game but in general you cannot trick and win against the house. You think you are the only one who did this research before and came up with the same idea?No, of course. Dozens of people have tried to beat casinos by using different algorithms but no one has successfully to find a formula that will get them a constant profit. Gambling is a game of luck, and no one can prove its not since no one can be in profit for a long time,unless luck is involved.
legendary
Activity: 2534
Merit: 1517
#1 VIP Crypto Casino
February 22, 2019, 08:26:28 AM
#5
Just play for fun if you want to have fun, you can't win on long term since it is -$EV (you can win the with the jackpot but it is statistically improbable)
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