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Author Topic: Can you beat the house edge  (Read 3947 times)
michkima
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February 16, 2017, 03:16:58 PM
 #121

I don't think so, well I know so that no one can beat the house edge. Generally even without house edge both the house and the gamblers have the same cahnges of winning and losing. But the problem is that statistics has it that you will lose a losing streak worse so long that you will lose your whole bank roll.
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February 16, 2017, 03:26:03 PM
 #122

It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.

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February 16, 2017, 03:43:05 PM
 #123

It is very hard to do so in a long run. House edge does catch up even if you make a lot early on and get lucky. It has happened with me as well. Initially double or triple my bankroll and instead of cashing out, I continue to gamble with it and eventually lose it all.
Well, if you let your greed take over you'll lose for sure. once you have enough profit stop! i know it's hard to stop when you're on a winning streak, but you must learn to control yourself if you want to profit. i've lost so much money because of greed.
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February 16, 2017, 05:28:41 PM
 #124

The only way beat the house edge is to exploit a bug in the system.


Yeah right, Hacking the system of a gambling site is the only way you could beat the house edge, but it would be not that easy if you don't anything about hacking, it requires more on coding so it is going to take a lot of time because first, you need to study how the system is functioning and how are you going to break to its system.

And beating the house edge even just for 1%? maybe you could do this is the gambling sites which do have 2% of house edge, but how about those gambling sites that have only 1%, I guess it is not fair anymore if that is going to happen, because it is like they are giving you the money every time that you will gamble.

And beating the house edge is not important, what is important is that you need to realize that gambling will just make your bitcoin disappear and will never come back again, just think, it is hard to earn bitcoin and you are just going to spend it on gambling? think again.
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February 16, 2017, 05:33:02 PM
 #125

It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.
Do you think everybody is rich enough to buy a casino ? lol Moreover,there wouldn't be any profits if everyone went around buying casinos.No,you cannot predict if the house is likely the winner of any bet.Provable betting system exists for a reason.

Yeah right, Hacking the system of a gambling site is the only way you could beat the house edge, but it would be not that easy if you don't anything about hacking, it requires more on coding so it is going to take a lot of time because first, you need to study how the system is functioning and how are you going to break to its system.
90% of the time it's impossible.The bet are verified and carried out on the server side so your cross scripting stuff barely makes any difference if you don't have an access to the actual server.Most of the hacks are due to internal leakage of the information rather than a third part attacker.
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February 16, 2017, 05:33:35 PM
 #126

no you can't even if you figure it out all system will change then they are there to earn too.
michkima
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February 17, 2017, 05:16:23 AM
 #127

It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.
Do you think everybody is rich enough to buy a casino ? lol Moreover,there wouldn't be any profits if everyone went around buying casinos.No,you cannot predict if the house is likely the winner of any bet.Provable betting system exists for a reason.

Yeah right, Hacking the system of a gambling site is the only way you could beat the house edge, but it would be not that easy if you don't anything about hacking, it requires more on coding so it is going to take a lot of time because first, you need to study how the system is functioning and how are you going to break to its system.
90% of the time it's impossible.The bet are verified and carried out on the server side so your cross scripting stuff barely makes any difference if you don't have an access to the actual server.Most of the hacks are due to internal leakage of the information rather than a third part attacker.

Maybe he's just illustrating that if someone wants to earn from gambling, instead of gambling against the casino, just make one. Because statistically, the casinos will win against every gambler gambling on the casinos.

Hacking is not an option. The casinos were built to prevent any such thing to happen. Another issue is that most of the money they have are in cold storage. They only have a small fund in their hot wallets to prevent getting hacked along with all theri money.
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February 18, 2017, 02:44:45 PM
 #128

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?

In my opinion it maybe or maybe not, But majority of it I think it will gonna be hard for you do it to defeat the house edge. How can you defeat the one who control the rules inside the games, the only things I know is you can only win for a low average percentage in the gambling sites but don't expect that you can win for big profit unto it.
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February 18, 2017, 02:53:30 PM
 #129

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?

In so far of playing online dice game, I have never beat the house. It says its only 1% but is very hard. No strategy that I know of could have beaten the house. Yes, at the beginning you may have won, but in the long run you will lose everything. So its much better to just won a little or just 20% of your bankroll then withdraw you money.
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February 18, 2017, 03:11:16 PM
 #130

It's called an edge because you can't predictably beat it. In fact it is logically predictable that the house is the likely winner of any bet. If you want to get rich in gambling you buy a casino, not put your money up for a likely loss.

That's why the best strategy is in fact mathematically to bet everything you have only once Cheesy

The less you bet the more you have a chance to beat the HE by chance.

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February 18, 2017, 04:48:33 PM
 #131

The less you bet the more you have a chance to beat the HE by chance.
How ? By having multiple attempts to keep on trying ?
Then it again goes in probability. Only by theoretical we are having 50% chances to beat. But in practical it seems we are not having the fair distribution of chances.

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Gameroid
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February 18, 2017, 08:05:12 PM
 #132

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?

In my opinion it maybe or maybe not, But majority of it I think it will gonna be hard for you do it to defeat the house edge. How can you defeat the one who control the rules inside the games, the only things I know is you can only win for a low average percentage in the gambling sites but don't expect that you can win for big profit unto it.
in fact it is very difficult to beat the house edge but i think only luck can enable you to beat the house edge. i think all the casino have setup a house edge and they give very little advantage to the customers.  so those casinos who will give advantages to the customers will be more popular. for example in duck dice people have many chance to get money because they receive a very little house edge and mostly give advantage to the customers.
BitcoinPanther
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February 18, 2017, 08:23:49 PM
 #133

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?

In so far of playing online dice game, I have never beat the house. It says its only 1% but is very hard. No strategy that I know of could have beaten the house. Yes, at the beginning you may have won, but in the long run you will lose everything. So its much better to just won a little or just 20% of your bankroll then withdraw you money.

There is, and it is not martingale, it is only a method, the strategy would be quit when you are winning and never play again.  You beat the house edge?  Yes!  Simple as that.  But never dream of beating the same house again and again, Law of average is against you next time.
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February 18, 2017, 08:32:25 PM
 #134

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?

In my opinion it maybe or maybe not, But majority of it I think it will gonna be hard for you do it to defeat the house edge. How can you defeat the one who control the rules inside the games, the only things I know is you can only win for a low average percentage in the gambling sites but don't expect that you can win for big profit unto it.
in fact it is very difficult to beat the house edge but i think only luck can enable you to beat the house edge. i think all the casino have setup a house edge and they give very little advantage to the customers.  so those casinos who will give advantages to the customers will be more popular. for example in duck dice people have many chance to get money because they receive a very little house edge and mostly give advantage to the customers.

yes i am agree with you and i think we don't have to beat the house but we can follow with the house so we can make money too like what the house did. i think its fair enough for us to stay with the house unless the house is getting broke for the gambling business and if that is happen, then we should leave and find the other house so we can follow it. but maybe in the other games, we can not follow the house because of something and i think we don't have to select this site, there is many good site that we can choose.
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February 18, 2017, 08:50:25 PM
 #135

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?

In my opinion it maybe or maybe not, But majority of it I think it will gonna be hard for you do it to defeat the house edge. How can you defeat the one who control the rules inside the games, the only things I know is you can only win for a low average percentage in the gambling sites but don't expect that you can win for big profit unto it.
in fact it is very difficult to beat the house edge but i think only luck can enable you to beat the house edge. i think all the casino have setup a house edge and they give very little advantage to the customers.  so those casinos who will give advantages to the customers will be more popular. for example in duck dice people have many chance to get money because they receive a very little house edge and mostly give advantage to the customers.
Unless you play for free, or you are really lucky to win something good and never play again it's impossible to beat house edge in long run.
Can you explain how is duck dice giving advantage to players?
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February 18, 2017, 09:49:43 PM
 #136

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?

In my opinion it maybe or maybe not, But majority of it I think it will gonna be hard for you do it to defeat the house edge. How can you defeat the one who control the rules inside the games, the only things I know is you can only win for a low average percentage in the gambling sites but don't expect that you can win for big profit unto it.
in fact it is very difficult to beat the house edge but i think only luck can enable you to beat the house edge. i think all the casino have setup a house edge and they give very little advantage to the customers.  so those casinos who will give advantages to the customers will be more popular. for example in duck dice people have many chance to get money because they receive a very little house edge and mostly give advantage to the customers.
Unless you play for free, or you are really lucky to win something good and never play again it's impossible to beat house edge in long run.
Can you explain how is duck dice giving advantage to players?


I agree that  beating the house edge in the long run is impossible.  It is mathematically favored House edge if you keep on playing in the same house for a long time.  Though I can see some people to be able to book a big win against the house.   I just don't know if they can do it again for couple more times.

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blackhawkeye1912
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February 26, 2017, 10:09:44 PM
 #137

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?
You may defeat the house edge few times only, but in the end the house edge will always bringing us to loss. Which means it is only in our dreams if beat house edge for several times. But your tactics was not so bad at all. Cheesy
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February 26, 2017, 10:37:31 PM
 #138

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?
You may defeat the house edge few times only, but in the end the house edge will always bringing us to loss. Which means it is only in our dreams if beat house edge for several times. But your tactics was not so bad at all. Cheesy

I agree that we can defeat the house edge but to stay with that statistic we need some strategy.  Honestly, if we rely mathematically, we cannot beat the house edge  in the long run.  It is due to the certain percentage of odd that favors the house.  the strategy I am telling is martingale with forced stop when you win after streak of loses.

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February 26, 2017, 10:48:14 PM
Last edit: February 26, 2017, 11:01:40 PM by Slark
 #139

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%.
Have you checked House Edge in standard brick and mortar casino? There are games with lower House Edge than 1%.
Black Jack (and its variations like Spanish 21) is known for having extremely low HE - 0.28%
For Video Poker House Edge is usually less than 1% too, I rarely see anyone exploiting that fact.
If Black Jack was that unprofitable for the casino to keep around why they still have this game around?
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February 27, 2017, 06:12:04 AM
 #140

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%.
Have you checked House Edge in standard brick and mortar casino? There are games with lower House Edge than 1%.
Black Jack (and its variations like Spanish 21) is known for having extremely low HE - 0.28%
For Video Poker House Edge is usually less than 1% too, I rarely see anyone exploiting that fact.
If Black Jack was that unprofitable for the casino to keep around why they still have this game around?
You are correct, as long as there is a housed edge regardless how small it is, the advantage are still in the house and that be seen with the way they are operating and we know there are plenty of gambling sites who had some success than those who fail. I like to see the time that we all be educated in the reality that we cannot be the house edge, stop fantasizing but making a working method as it's name will not justify though.

R


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