vennali
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December 20, 2017, 05:16:41 AM |
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The concept is simple. If you play 100 times on a 50-50 chance game. Your chance of winning is 50/100 times. but with the house edge element involved, depending on the percentage, you are allowed to win 45-50 times out of 100 chances. It will happen, whatever be your strategy. The odds will always favor the house giving them the "edge". So, you can only win if you are lucky and you quit after winning. In a long run, the odds that you come out as victor is slim to none.
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harizen
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December 20, 2017, 05:22:19 AM |
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You have any method to share for win against the house?
What is the best way for bet and win against the house???
Please comment and let us know about it...
All strategies that you know can applied since after all, all bets will faced the provably fair. So what's the best? None. If you won, you are lucky. That's how house edge gambling games works. If you don't understand what house edge means then take some time learning it so that you will know why majority of your responses here saying that there is no way you can beat the house. Better try your luck on strategy based games such as sports betting.
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Ahalim1
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December 20, 2017, 08:24:29 AM |
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...
All strategies that you know can applied since after all, all bets will faced the provably fair. So what's the best? None. If you won, you are lucky. That's how house edge gambling games works. If you don't understand what house edge means then take some time learning it so that you will know why majority of your responses here saying that there is no way you can beat the house.
Better try your luck on strategy based games such as sports betting.
Do you think there is no house edge in sports betting? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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adaseb
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December 20, 2017, 08:31:14 AM |
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The concept is simple. If you play 100 times on a 50-50 chance game. Your chance of winning is 50/100 times. but with the house edge element involved, depending on the percentage, you are allowed to win 45-50 times out of 100 chances. It will happen, whatever be your strategy. The odds will always favor the house giving them the "edge". So, you can only win if you are lucky and you quit after winning. In a long run, the odds that you come out as victor is slim to none.
You are correct however the problem with your example is that each bet is completely indepedent of the prior. Assume a house edge of 0. So you are betting 50-50 and after 100 rolls you should win 50 times and lose 50 times. Many people creature strategies such as, rolling 100 times and if they lose like 75 times out of 100, then they will bet more in the next 100 rolls. However they don't realize that the bets are indepedant and what will happen is they will either lose again 75 times out of 100 or they will win/lose about 50/50. I've created a similiar strategy before using Microsoft Excel and there was no full proof strategy.
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btc-facebook
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December 20, 2017, 08:33:04 AM |
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You have any method to share for win against the house?
What is the best way for bet and win against the house???
Please comment and let us know about it...
If the house always win, nobody dare to gamble on that gambling site anymore. That's a logic ! Before you try to gamble , make sure that you've observer their reputation before it turn into scam !
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man22555
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December 20, 2017, 09:43:51 AM |
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The best and only way to beat the house is having an infinite balance. In this situation you can use a simple martingale strategy. Isn't it easy? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) No, because every casino has a maximum bet/win amount. If you reach this limit without winning, you won't be able to increase your bet to cover previous losses. Maybe this man didnt experience to reach out maximum bet/win thing or just didnt able to read out the common rules of a certain gambling site related on this matter. They do really have max bet and max winning amount which is a normal thing for them to implement because if they dont then it would really hurt them or make them bankrupt if theres a lucky person would able to win some huge amount.This is why limits would really be there. Keep calm guys, yeah i didn't think about the max. bet but it was meant as a joke anyways. Or can you provide an infinite balance? Though one might be able to achieve this goal by double spending; that's probably the only chance to beat the house casino... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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BTCevo
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December 20, 2017, 03:26:37 PM |
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The best and only way to beat the house is having an infinite balance. In this situation you can use a simple martingale strategy. Isn't it easy? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) How can you describe this infinite balance? If only someone have that infinite balance like you said they wont keep on winning this too because on each site, they have a limit on max bet or max profit so there is no way you can keep on winning here just because you have huge bankroll. That is why big whale never do some martingale thing, I think this is the proof some big whale never do the martingale
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Don Pedro Dinero
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December 20, 2017, 06:42:51 PM |
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The best and only way to beat the house is having an infinite balance. In this situation you can use a simple martingale strategy. Isn't it easy? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Bang on! No, it's not. If you had infinite money you would be risking it to earn just the initial amount you were trying to win. If you play black or red and your initial bet is $1, and lose, you would need to double your bet infinite times to earn just $1 (a little bit less actually). I’ve explained this ad nauseam on this forum. Too much risk for such a low reward. He was just illustrating how a martin gale system would actually work and win against the house. Generally the house always wins due to the house edge, and the fact is that you have a slight better chance to losing, but that is something enormous statistically. An infinite amount of money will ensure that even if you lost 1,000,000 times and won on the 1,000,001st bet you will have money to bet with. Of course if you have infinite money then you don't really need to gamble, this is just all for illustration. And I was just illustrating that it wouldn’t actually work, unless you called “work” to risk an infinite balance to win just $1. That can’t be properly called “beat the house”, which he said was easy, and you seem to agree with, even for illustration purposes. If you started betting with just $1 and kept on doubling your bet after losing, by the 50th bet you would need to put $ 562,949,953,421,312 on the table to have a net won of just $1 (if you succeeded and won that bet). Just by the 50th bet. By the 51th bet you would need to double that amount, and so on. If you told the casino owner that you had beaten the house because you have risked an infinite amount of money and ended up having a net profit of $1 he would laugh at you. This, again, is for illustration purposes. Martingale doesn't work, full stop. The concept is simple. If you play 100 times on a 50-50 chance game. Your chance of winning is 50/100 times. but with the house edge element involved, depending on the percentage, you are allowed to win 45-50 times out of 100 chances. It will happen, whatever be your strategy. The odds will always favor the house giving them the "edge". So, you can only win if you are lucky and you quit after winning. In a long run, the odds that you come out as victor is slim to none.
The concept is so simple that you haven’t expressed it properly, which makes me think you haven’t understood it completely. I mean, you get the idea, and most of what you say is correct but here is the flaw: Even if you factor in the HE element, your chances are still 50/50. So, let’s suppose you bet $100 and HE is 5%. When you lose you lose 100$ but when you win, the House pays you just $95. After an infinite amount of times (just for illustration purposes), you will still have won 50% of the times (and lost the other 50%), but you will have lost money due to being paid less when you win.
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jak3
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December 20, 2017, 06:58:29 PM |
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Sorry mate but it is proven that there is nothing which can defeat the house. Gambling is made to make money we play it with the risk of winning some money by investing some money but always remember that a casino has invested more money than us so you can only beat the house if you have more money than the house itself (of course why you will Gamble if you have that much money). Do not gamble to make money always gamble just for fun take it as a game not a income source.
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Ahalim1
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December 20, 2017, 07:00:02 PM |
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...
Even if you factor in the HE element, your chances are still 50/50. So, let’s suppose you bet $100 and HE is 5%. When you lose you lose 100$ but when you win, the House pays you just $95. After an infinite amount of times (just for illustration purposes), you will still have won 50% of the times (and lost the other 50%), but you will have lost money due to being paid less when you win.
Where did you learn this brother?
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michkima
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December 20, 2017, 07:40:06 PM |
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...
Even if you factor in the HE element, your chances are still 50/50. So, let’s suppose you bet $100 and HE is 5%. When you lose you lose 100$ but when you win, the House pays you just $95. After an infinite amount of times (just for illustration purposes), you will still have won 50% of the times (and lost the other 50%), but you will have lost money due to being paid less when you win.
Where did you learn this brother? You're really stupid not to know it, he's just stating something quite obvious. Statistically if you use a 50% chances of winning that would mean in sample of 1,000,000 bets, that would mean you will likely win 500,000 times and you will also likely lose 500,000 times. However since there is a house edge that means you would win (based from the example of 5% and at a bet of $1 per bet) $475,000 and you would have lost $500,000. Which means you lost $25,000 in case you rolled 1,000,000 with a bet of $1 and 5% house edge.
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bratko99
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December 20, 2017, 07:47:10 PM |
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Nah bro, it always win. Don't forget about the house edge. They'll take something from you even if u win ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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bigmaster23
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December 21, 2017, 04:36:13 AM |
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Just never play off their hook you might get caught of how stupid player you are just want to waste some of your wealth, in contrast the money that get by any casino either online or not are not always get straight to their pocket they need to obey the law of having 30% or 20% something in between I not remember, to give to orphan and others. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Seeker#9
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December 21, 2017, 06:17:22 AM |
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Gambling is always a game of chance unless you control the games in the house of casino or create an artificial intelligence gadget to win in every game.
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iMark
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December 21, 2017, 08:47:10 AM |
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...
All strategies that you know can applied since after all, all bets will faced the provably fair. So what's the best? None. If you won, you are lucky. That's how house edge gambling games works. If you don't understand what house edge means then take some time learning it so that you will know why majority of your responses here saying that there is no way you can beat the house.
Better try your luck on strategy based games such as sports betting.
Do you think there is no house edge in sports betting? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) maybe an exception to sports betting but the odds of each match will certainly be more profitable to the house, example for soccer betting, when barcelona vs small team, of course odds to choose barcelona win, will be very small probably around 1.01-1.05 and although the house is losing it will not be too detrimental to them because odds are so small. you know what i mean right?
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paolo099
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December 21, 2017, 08:51:51 AM |
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for me it depend on what are you gambling because for example, betting/gambling on eSports, normal sports (tennis, football and so on) are quite different than casino, roulettes and dice games. The house always win because in long term, even if you play the double amount game you won't be able to continue forever (limited amount of money).. and thinking about Las Vegas, if the house wouldn't "always" win, there would be less and less casino around.
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man22555
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December 21, 2017, 09:55:22 AM |
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The best and only way to beat the house is having an infinite balance. In this situation you can use a simple martingale strategy. Isn't it easy? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Bang on! No, it's not. If you had infinite money you would be risking it to earn just the initial amount you were trying to win. If you play black or red and your initial bet is $1, and lose, you would need to double your bet infinite times to earn just $1 (a little bit less actually). I’ve explained this ad nauseam on this forum. Too much risk for such a low reward. He was just illustrating how a martin gale system would actually work and win against the house. Generally the house always wins due to the house edge, and the fact is that you have a slight better chance to losing, but that is something enormous statistically. An infinite amount of money will ensure that even if you lost 1,000,000 times and won on the 1,000,001st bet you will have money to bet with. Of course if you have infinite money then you don't really need to gamble, this is just all for illustration. And I was just illustrating that it wouldn’t actually work, unless you called “work” to risk an infinite balance to win just $1. That can’t be properly called “beat the house”, which he said was easy, and you seem to agree with, even for illustration purposes. If you started betting with just $1 and kept on doubling your bet after losing, by the 50th bet you would need to put $ 562,949,953,421,312 on the table to have a net won of just $1 (if you succeeded and won that bet). Just by the 50th bet. By the 51th bet you would need to double that amount, and so on. If you told the casino owner that you had beaten the house because you have risked an infinite amount of money and ended up having a net profit of $1 he would laugh at you. This, again, is for illustration purposes. Martingale doesn't work, full stop. The concept is simple. If you play 100 times on a 50-50 chance game. Your chance of winning is 50/100 times. but with the house edge element involved, depending on the percentage, you are allowed to win 45-50 times out of 100 chances. It will happen, whatever be your strategy. The odds will always favor the house giving them the "edge". So, you can only win if you are lucky and you quit after winning. In a long run, the odds that you come out as victor is slim to none.
The concept is so simple that you haven’t expressed it properly, which makes me think you haven’t understood it completely. I mean, you get the idea, and most of what you say is correct but here is the flaw: Even if you factor in the HE element, your chances are still 50/50. So, let’s suppose you bet $100 and HE is 5%. When you lose you lose 100$ but when you win, the House pays you just $95. After an infinite amount of times (just for illustration purposes), you will still have won 50% of the times (and lost the other 50%), but you will have lost money due to being paid less when you win. This one guy gets it. Yeah i'm illustrating; do we really have to discuss the neccesarity of gambling when one has an (obviously theoretically) infinite balance? Oh and the other guy, let me bust you. I don't start with a bet of 1$, i start with 1,000,000$ and martingale from there. Is it now worth? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) And please don't come along again with the max bet, we get it! It's all just fun and theory ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ... just to be clear. No, you can't beat the house no matter what you do. Yes you will always lose in the long term.
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s0lidus
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December 21, 2017, 09:53:06 PM |
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You have any method to share for win against the house?
What is the best way for bet and win against the house???
Please comment and let us know about it...
Quit when you're on profit ;p
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yugyug
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December 22, 2017, 07:47:27 AM Last edit: December 22, 2017, 08:09:38 AM by yugyug |
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There is a very slim chances to win against the house, the house edge always win and always make profit. You can beat the house but not in the long run you can beat it momentarily. If playing in the house has a loopholes then there's no doubt that many casino's will shut down if proven they can be beaten. there is no way you can win the house.just play what you can afford to lose, just play if for fun and for profit.
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UnusualMouse
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December 22, 2017, 08:14:35 AM |
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The house made their system to always takes advantage to its player. There is no way you can win from them. Even if you say you have win big, later on realized you have lost a lot.
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