RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
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February 27, 2017, 02:42:00 PM |
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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. 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. That is what I mean. At a casino the house has to be the most likely winner. They are not playing a game like the casino patrons, they are working a mathematical system to win more often than anyone else. They may lose individual plays, they may pay out more to a specific gambler than they made, but over time and on average they will have a more or less predictable advantage on all bets. "Provable betting" shows all the math, but is in no way a level playing field. Gambling websites are making money not providing a free public gambling service.
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gabmen
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February 27, 2017, 04:24:42 PM |
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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. Well I think that the house edge is on of the things in gambling that we really can't do anything about. It's a fact and we can't control it. The only thing we can do is to try to play around that house edge, we can't win against it so learn to play with it. Play while you're expecting that the house will beat you and try to figure out things that you have a little control about to avoid losing a lot of money
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chris200x9
Legendary
Offline
Activity: 1316
Merit: 1011
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February 27, 2017, 06:13:53 PM |
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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. 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. I think no strategy will help you to beat house edge. That too, in the long run, you can not beat this house edge. You can only control your play when you are in the long term win. If you not controlled your play you will definitely end with the big loss.. and some people try to beat house edge by using martingale method I don't know how many are succeed but for me, i am not succeeded in this method.
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hurain
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February 27, 2017, 07:57:48 PM |
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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. Well I think that the house edge is on of the things in gambling that we really can't do anything about. It's a fact and we can't control it. The only thing we can do is to try to play around that house edge, we can't win against it so learn to play with it. Play while you're expecting that the house will beat you and try to figure out things that you have a little control about to avoid losing a lot of money yes house edge can be beat but in very few games, like in sports games we can beat the house edge as in sports games we mostly depend on our experience therefore there we have the opportunity to beat house edge.
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Pettuh4
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February 27, 2017, 08:17:37 PM |
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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?
Of course they are beatable that's why it's called a gamble, they are risking just like you but maybe they are risking less as the house always have the edge but with careful strategy and statistics mixed with a little luck you can sure turn your little advantage into huge profits. Don't let anyone discourage you, you can beat them.
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BitcoinSupremo
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February 27, 2017, 08:36:56 PM |
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Only in some games where skill is involved heavily like Texas Holdem Poker, you may have a chance to go to a casino and beat them in this but usually in slots ,dice and roulette (cannot martingale infinitely, casinos have become smarter and placed a betting limit) will end up losing in the long run.
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FlightyPouch
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February 27, 2017, 10:58:09 PM |
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Only in some games where skill is involved heavily like Texas Holdem Poker, you may have a chance to go to a casino and beat them in this but usually in slots ,dice and roulette (cannot martingale infinitely, casinos have become smarter and placed a betting limit) will end up losing in the long run.
Thats right, poker and blackjack can beat the house, this gambles just really includes a skill which not everyone have. I am watching movies about that and there are also written in books which is a good proof of it.
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cryptoblazter
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February 28, 2017, 12:50:03 AM |
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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?
I agreed only in 1% you can possibly beat the house edge. But most often we always encounter loss in the games. Because house edge is the main reason why gambling get in profit.
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bhadz
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February 28, 2017, 12:58:37 AM |
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Only in some games where skill is involved heavily like Texas Holdem Poker, you may have a chance to go to a casino and beat them in this but usually in slots ,dice and roulette (cannot martingale infinitely, casinos have become smarter and placed a betting limit) will end up losing in the long run.
It's better to play Texas Holdem Poker rather than those live poker games, I find it hard to beat because their staff is cheating with players. They are using some kind of flipping strategy with their cards. Sports bet is another game that we can play for beating the house because the results are hard to manipulate unless that sports book is connected to the game management of that particular sport.
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Frosxh
Sr. Member
Offline
Activity: 322
Merit: 250
Tipsters Championship www.DirectBet.eu/Competition
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February 28, 2017, 01:05:14 AM |
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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?
no you can't beat the house edge AFAIK, if you win you are only lucky, with the math you will know why, example in 2x multipliers, if you play 1000 bets you are expected to win only 495 and you will lose 505, that alone will give you negative profit.
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Tesorex
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February 28, 2017, 01:13:04 AM |
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Yes you can, just change the win chance.
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Ziskinberg
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February 28, 2017, 03:35:10 AM |
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Yes you can, just change the win chance.
Lol, you are so funny, changing the win chance will also change your payout and that will not eliminate the house edge. Just accept the reality that it is their for a reason and if we do not want to play with the house edge, we are free to choose other games with no house edge. Now, maybe you need to analyze more why there are still people who playing games which they do not have the advantage, the answer is very simple, it's very entertaining that's why they choose to stay and does not mind the house edge.
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MinerHQ
Legendary
Offline
Activity: 1456
Merit: 1023
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February 28, 2017, 03:42:33 AM |
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Yes you can, just change the win chance.
Whatever winning chance still there will be some house edge because these casinos need to make some profits so they will keep house edge always on. But if you're saying that even though there is a house edge you can still make a profit from the gambling then that's also wrong because in the longer run house is always going to win. So gambling should be played only for fun not for making profit.
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RoommateAgreement
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February 28, 2017, 04:28:22 AM |
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Yes you can, just change the win chance.
you do realize that when you change the chance of winning, your multiplier is also changing right? and the multiplier changing means you are winning less amounts and if you just use a simplest calculator you can see that you have a harder time to beat the house edge on anything other than 2x since you win small and lose a huge amount.
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Buying the dip...
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milewilda
Legendary
Offline
Activity: 3150
Merit: 1137
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February 28, 2017, 07:13:32 AM |
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Yes you can, just change the win chance.
you do realize that when you change the chance of winning, your multiplier is also changing right? and the multiplier changing means you are winning less amounts and if you just use a simplest calculator you can see that you have a harder time to beat the house edge on anything other than 2x since you win small and lose a huge amount. No matter how you would change the multiplier or the odds if you are not lucky enough that would be still useless no matter what. Actually players can somehow beat the house specially when they won big amounts but this is just on rare cases because most of the time we are beaten up by the house and lose our money on longer runs.
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Arcteryx
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February 28, 2017, 07:25:06 AM |
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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? Never heard of this variation of black jack before. Care to explain the difference between spanish 21 and the black jack we American's are familiarized with playing? Is it like Texas hold'em for poker?
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ImHash
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February 28, 2017, 07:37:03 AM |
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Yes you can, just change the win chance.
Whatever winning chance still there will be some house edge because these casinos need to make some profits so they will keep house edge always on. But if you're saying that even though there is a house edge you can still make a profit from the gambling then that's also wrong because in the longer run house is always going to win. So gambling should be played only for fun not for making profit. Changing odds gives the house even more edge over your chances of winning, only way is to play 50-50 then there is no house edge. And if you trying to just play for fun knowing that you'll lose at the end of the run then you're an idiot, gambling is only fun when you let your chance to decide(50-50).
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Kasabus
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February 28, 2017, 08:07:06 AM |
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Yes you can, just change the win chance.
Whatever winning chance still there will be some house edge because these casinos need to make some profits so they will keep house edge always on. But if you're saying that even though there is a house edge you can still make a profit from the gambling then that's also wrong because in the longer run house is always going to win. So gambling should be played only for fun not for making profit. Changing odds gives the house even more edge over your chances of winning, only way is to play 50-50 then there is no house edge. And if you trying to just play for fun knowing that you'll lose at the end of the run then you're an idiot, gambling is only fun when you let your chance to decide(50-50). No, regardless of the odds you will choose, the house edge will always stays the same. You can choose the lower higher edge but that would only give you are lower payout, that's how it works and if we will fool ourselves that we have a good chance doing it, then we will surely lose more than we expected to lose. You can win in a short terms choosing a lower odds which favors you but as you go longer, you will still lose, in the end it's still the house who is at profit.
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epitome
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February 28, 2017, 09:57:15 AM |
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Changing odds gives the house even more edge over your chances of winning, only way is to play 50-50 then there is no house edge. And if you trying to just play for fun knowing that you'll lose at the end of the run then you're an idiot, gambling is only fun when you let your chance to decide(50-50).
The house and the odds at which you are playing are entirely different. It has nothing to do with the rolls but house edge will make a difference at any given point of time. But do not assume that you are playing without a house edge if you are rolling with 50 /50 ,that is not the case .The only site that provides a house edge of 0% during happy hours is crypto games .
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ethereumhunter
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February 28, 2017, 10:42:28 AM |
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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?
I agreed only in 1% you can possibly beat the house edge. But most often we always encounter loss in the games. Because house edge is the main reason why gambling get in profit. for myself, i think i don't have that 1% when i am playing gambling and i don't think that i can beat the house, the possibility is small and i only wants to enjoy the games than to beat the house. but if we can win for more than 5 times, is it called that we have beat the house or not? because i am have this experience although its not work in every time i am playing gambling.
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