People completely misunderstanding odds at the casino

[Alphakilo]

It's natural to go for black on the next spin if a roulette ball or pill stops at red for the tenth consecutive times, some would also stick to black ever since the ball kept on falling on red five consecutive times, and would lose comfortably all through the session.

But on the contrary, it's still possible to go black after 10 consecutive reds and the 11th will still fall on red, as for the fact that red have shown multiple times, that it next one will fall on red, since roulette is a game whose outcome is totally base on the product of random algorithm, and your previous games has absolutely nothing to do with the forthcoming ones. Unless if you may have mastered the roulette wheel in a certain way that you know the amount of force to apply that will give you a range or certain numbers. Which is why betting on a range of numbers is always my favorite than betting on the colors, but only on a physical casino.

A physical casino might have better probability of success as compared to an online casino that runs on pure mathematical software and in which the house edge is a constant. Even on a Thursday or any other day of the week the mathematical schematics remains same and those who accept this fact and play with clean eyes, may become luckier than those who have the illusion of control or dance to the tune of what's known as the gamblers fallacy.

[AmoreJaz]

It's natural to go for black on the next spin if a roulette ball or pill stops at red for the tenth consecutive times, some would also stick to black ever since the ball kept on falling on red five consecutive times, and would lose comfortably all through the session.

But on the contrary, it's still possible to go black after 10 consecutive reds and the 11th will still fall on red, as for the fact that red have shown multiple times, that it next one will fall on red, since roulette is a game whose outcome is totally base on the product of random algorithm, and your previous games has absolutely nothing to do with the forthcoming ones. Unless if you may have mastered the roulette wheel in a certain way that you know the amount of force to apply that will give you a range or certain numbers. Which is why betting on a range of numbers is always my favorite than betting on the colors, but only on a physical casino.

A physical casino might have better probability of success as compared to an online casino that runs on pure mathematical software and in which the house edge is a constant. Even on a Thursday or any other day of the week the mathematical schematics remains same and those who accept this fact and play with clean eyes, may become luckier than those who have the illusion of control or dance to the tune of what's known as the gamblers fallacy.

I believe, whether you play in physical or online casino, still your chance is based on luck especially if you are playing the casino games. You can never tell the guarantee your winning in both platforms. But of course if you divulge yourself in sportsbetting or poker, and you're really good at it. I believe, you will have more chance of winning but still not guaranteed 100% that you will win.

[nelson4lov]

This is why I just prefer sportsbetting. At least, instead of a completely random affair that still puts the odds in the favor of casino, I prefer to bet on real live sports event. Even if there's vig, margins and a ton of manipulation that we can't see, at least there's still a fair chance to win compared to casino games. I believe this is why Casino games never appealed to me even though I've seen some survivorship bias kind of wins.

[Hazink]

I saw someone one day who was busy counting the number of times he was spinning in a slot game which I can't recall the name of the game to get a win, and he was trying to do the counting with hope and believing that before that exact spin number would reach he would have to increase his stake and win big, I laughed and told him anything that have to do with RING can't be predicted he better stop setting himself up.

[icebar]

It's natural to go for black on the next spin if a roulette ball or pill stops at red for the tenth consecutive times, some would also stick to black ever since the ball kept on falling on red five consecutive times, and would lose comfortably all through the session.

But on the contrary, it's still possible to go black after 10 consecutive reds and the 11th will still fall on red, as for the fact that red have shown multiple times, that it next one will fall on red, since roulette is a game whose outcome is totally base on the product of random algorithm, and your previous games has absolutely nothing to do with the forthcoming ones. Unless if you may have mastered the roulette wheel in a certain way that you know the amount of force to apply that will give you a range or certain numbers. Which is why betting on a range of numbers is always my favorite than betting on the colors, but only on a physical casino.

A physical casino might have better probability of success as compared to an online casino that runs on pure mathematical software and in which the house edge is a constant. Even on a Thursday or any other day of the week the mathematical schematics remains same and those who accept this fact and play with clean eyes, may become luckier than those who have the illusion of control or dance to the tune of what's known as the gamblers fallacy.

Yes, you are right. Online casinos operate entirely on a set algorithm. Where 24/7 service is available. So, the situation here is always the same. There is no problem of having a lot of pressure on weekends or holidays in online casinos. So, if someone thinks that he has found the solution to some special mathematical problems online and can do something good for himself, then he has made a completely wrong decision. Because casino gamblers will never understand the correct mathematical rules.

[Furious 7]

I believe, whether you play in physical or online casino, still your chance is based on luck especially if you are playing the casino games. You can never tell the guarantee your winning in both platforms. But of course if you divulge yourself in sportsbetting or poker, and you're really good at it. I believe, you will have more chance of winning but still not guaranteed 100% that you will win.

I agree with this because regardless of online or offline the situation becomes the same and nothing is different.

The matter of believing that online sites have a bigger gap in terms of manipulation than offline it all comes back to their respective perspectives because there will always be a presumption like this even though we cannot believe 100 percent but what needs to be considered here is that Luck still takes the biggest role.

When Luck comes to us even if there is manipulation in it then we may still be lucky in gambling and vice versa even though we may as gamblers try to outsmart with some suggestions and superstitions when Luck does not accompany then everything will look the same where we will only lose in gambling.
I personally now try just by playing without caring about what people say as a strategy or anything when occasionally touching the slots because for me all the strategies or anything will not be useful to smooth the game because the benchmark was originally just luck.

[Orpichukwu]

I believe, whether you play in physical or online casino, still your chance is based on luck especially if you are playing the casino games. You can never tell the guarantee your winning in both platforms. But of course if you divulge yourself in sportsbetting or poker, and you're really good at it. I believe, you will have more chance of winning but still not guaranteed 100% that you will win.

I don’t know why some people feel like the type of casino where they play will determine how much they can win and how they can’t win. They forget that for anything that has to do with slot games, it operates on similar codes; they can’t be predicted. Some players might be much luckier playing online, while some might be playing in a physical casino, but it doesn't change the fact that it’s still their luck that determines if they win or not.

[Cointxz]

I completely agree with your point about the odds in red and black betting. I have also noticed that while betting on dice or Hi-Lo, if a player gets “low” that is less than 49 two or more times in a row, they often assume the next result will be “high” that is above 49. However, in reality, the probability is still 50-50 for each independent bet.

That’s the typical gambling fallacy which many gambler believe since casino games is pure random while some preferred something as guide that’s why this illusion was created.

There’s also regression to the mean which at some point the result will balance to the suggested percentage but that doesn’t each bet was connected to each other. We can’t determine on what size of bet it will balance the result assuming the game is fair to their probability.

But this is also not a correct idea of ​​probabilities (either I misunderstood or you formulated it incorrectly). If red lands 10 times in a row, that doesn't mean that 10 more black lands "must" land at some point for the numbers to balance. The balance can be off (and by many more than 10 lands), but if you take a long period, the average numbers will match the expected values. For example, over 100,000 ball tosses, even a 100-point imbalance in favor of red won't make any difference.

That’s correct. I didn’t mention a specific number of result which the game will be balance based on the set percentage for that specific reason rather I mentioned a mean on percentage based on theoretical probability set of the game.

So if the game was set on 50-50 chance. At some point it will balance on x amount of result soon. There’s something wrong on the game if a 50% chance winning probability assuming there’s no house edge will never meet that criteria of percentage.

[Accardo]

That's the fastest way to lose money if you uses martingale system. And you needed to have a lot of capital to begin with. But if you're unlucky, then you won't recover your capital with that one big win.

So it boils down everything on luck. There is this so called gambler's fallacy that others might still believed. We are talking about luck base game here, sports betting might be different but still though, luck could be a big factor as well.

Sport bettors also fall into similar pit, where they assume a winning team will go ahead and stay winning, then bet big on their next match, hoping for a win, but it'll turn out their first lose after 5 winning streaks.

[danadc]

Sport bettors also fall into similar pit, where they assume a winning team will go ahead and stay winning, then bet big on their next match, hoping for a win, but it'll turn out their first lose after 5 winning streaks.

Those beliefs ultimately bring nothing new, no gains or anything, because they always lead to the same results. For example, many people lost yesterday in the World Cup because they were sure Argentina would win. I'm sure the vast majority were betting on Argentina, so this was a good thing because I think the statistics were wrong. Sports betting is something we need to clarify: things don't always go as predicted.

[AmoreJaz]

Sport bettors also fall into similar pit, where they assume a winning team will go ahead and stay winning, then bet big on their next match, hoping for a win, but it'll turn out their first lose after 5 winning streaks.

Those beliefs ultimately bring nothing new, no gains or anything, because they always lead to the same results. For example, many people lost yesterday in the World Cup because they were sure Argentina would win. I'm sure the vast majority were betting on Argentina, so this was a good thing because I think the statistics were wrong. Sports betting is something we need to clarify: things don't always go as predicted.

This goes to show that there's really guarantee in gambling even if we say the chance for us is high, or we know very well the situation. Still, upsets do happen and it is because you can never be sure that the winning entity or team is the heavy favorite in that particular game. You can always give your prediction but it doesn't mean, you will always get it right.

[DrBeer]

To this day I realize many gamblers fall for stupid lies or fallacies.

For instance many still think a slot machine can be "loaded" as if in today's day and age any slot machine would depend on physical coins inside it to do a payout.

Then there's people that genuinely believe the previous result had anything to do with the following. If red comes out two times in a row, the third one still has a 50/50 chance to come out though...

For me the one that takes the cake though is people believing it's reasonable to count cards in online live blackjack. Like really what's the point of counting cards when the shoe is cut in the half of 8 whole decks? Maybe you reduce your risk of ruin a tiny bit but the house edge is still there and there's still a lot of entropy for so many decks that are perfectly shuffled. The shuffle even happens on camera so it's pointless to argue that there's tampering. But to try and count cards is just a waste of time. The casino will just keep winning from the edge it has.

This is one of humanity’s problems-the attempt to justify one’s weaknesses and deceive oneself. Slot machines and most games of chance are random processes. And they are governed by "probability theory". It’s enough to study and understand it to realize that gambling is a form of entertainment you have to pay for-not a way to improve your financial situation. But people WANT to get rich quickly and easily, so they come up with all sorts of "superstitions" and "secrets"...
 

[Itz-prisigold]

This is why I just prefer sportsbetting. At least, instead of a completely random affair that still puts the odds in the favor of casino, I prefer to bet on real live sports event. Even if there's vig, margins and a ton of manipulation that we can't see, at least there's still a fair chance to win compared to casino games. I believe this is why Casino games never appealed to me even though I've seen some survivorship bias kind of wins.

I actually understand your point of view. What I really enjoy about sports betting is that to an extent your decision can actually have an influence to your long term success. Even though we all know that gambling it's not guaranteed, at least researching teams, injuries, tactics and current form can give you a little information that you can work with.

In most casino games, after you have place your bet,  the game's outcome will be more or less influenced by chance and the house edge. However, sports betting is not an easy game.  Many people still think they can predict every game outcomes, so I think discipline and sound bankroll management are still very important.

[ChocolateBitcoinK]

Sport bettors also fall into similar pit, where they assume a winning team will go ahead and stay winning, then bet big on their next match, hoping for a win, but it'll turn out their first lose after 5 winning streaks.

Those beliefs ultimately bring nothing new, no gains or anything, because they always lead to the same results. For example, many people lost yesterday in the World Cup because they were sure Argentina would win. I'm sure the vast majority were betting on Argentina, so this was a good thing because I think the statistics were wrong. Sports betting is something we need to clarify: things don't always go as predicted.

This goes to show that there's really guarantee in gambling even if we say the chance for us is high, or we know very well the situation. Still, upsets do happen and it is because you can never be sure that the winning entity or team is the heavy favorite in that particular game. You can always give your prediction but it doesn't mean, you will always get it right.

I agree with you, it should not be seen as a source of guaranteed income. We can never win any gamble or bet with certainty, no matter how good the analysis is, the outcome is ultimately uncertain and an unexpected event can change the whole equation.

As a very simple example, we can look at yesterday's World Cup final match, where a very strong performance was expected from Argentina, but their main performance was abysmal. And they lost the match very Disgusting.

Similarly, in all cases, no matter how much we see the potential, what will actually happen is very uncertain, so we should be very careful. You should only gamble with what you can afford to lose, because the outcome is completely uncertain.

[icebar]

Sport bettors also fall into similar pit, where they assume a winning team will go ahead and stay winning, then bet big on their next match, hoping for a win, but it'll turn out their first lose after 5 winning streaks.

Those beliefs ultimately bring nothing new, no gains or anything, because they always lead to the same results. For example, many people lost yesterday in the World Cup because they were sure Argentina would win. I'm sure the vast majority were betting on Argentina, so this was a good thing because I think the statistics were wrong. Sports betting is something we need to clarify: things don't always go as predicted.

This goes to show that there's really guarantee in gambling even if we say the chance for us is high, or we know very well the situation. Still, upsets do happen and it is because you can never be sure that the winning entity or team is the heavy favorite in that particular game. You can always give your prediction but it doesn't mean, you will always get it right.

We all know that gambling is uncertain. Even addicted gamblers return to gambling again and again despite knowing that it is uncertain. They come to gamble again and again only because of the greed for money, seeing big returns. I have seen many gamblers who have lost repeatedly by placing big bets on the performance of a team. Because according to the prediction of the tide, no team will ever perform the same. So, it is true that gambling is uncertain and it is not a means of earning money. Despite good research on gambling, the results are uncertain. We can consider gambling is just one of the other means of entertainment.

[danadc]

I agree with you, it should not be seen as a source of guaranteed income. We can never win any gamble or bet with certainty, no matter how good the analysis is, the outcome is ultimately uncertain and an unexpected event can change the whole equation.

As a very simple example, we can look at yesterday's World Cup final match, where a very strong performance was expected from Argentina, but their main performance was abysmal. And they lost the match very Disgusting.

Similarly, in all cases, no matter how much we see the potential, what will actually happen is very uncertain, so we should be very careful. You should only gamble with what you can afford to lose, because the outcome is completely uncertain.

Here on the forum, I've noticed that many players don't like being told that the best option is to put down the amount of money they're willing to lose. But how can this not be repeated if there's so much addiction? And why is something as simple as following such a basic rule so complicated? If you can't follow something so simple, you'll keep falling into addiction. What you're saying is great, but it needs to be repeated ad nauseam. Maybe a newbie will read it and follow the advice, and that will be one less player who becomes addicted.

[Darker45]

It seems gamblers can easily fall for fallacies because they badly want to win. Anything that makes their odds a little better, whether true or false, is worth believing or trying.

I'm from a country where gambling is somehow cultural. I can easily observe how fallacies and superstitions turn into something serious because of their strong desire to go home profitable. The main argument it seems is that "there's no harm in trying". For example, they'd lose nothing if they put their lottery ticket inside the pages of the bible or underneath a statue of a saint.

[junder]

I don’t know why some people feel like the type of casino where they play will determine how much they can win and how they can’t win. They forget that for anything that has to do with slot games, it operates on similar codes; they can’t be predicted. Some players might be much luckier playing online, while some might be playing in a physical casino, but it doesn't change the fact that it’s still their luck that determines if they win or not.

Not only with slot type games in my opinion, the same as other games with the name gambling that cannot be predicted and yes slot type games are one of the most powerful games otherwise the results cannot be predicted because this depends entirely on luck.

I agree with what you said, online or physical gambling does not affect the winning factor because basically it is determined by luck in our favor or not.

Apart from that, another misconception is that some people consider gambling to be one way to make money, although it is basically true that there are benefits that can be obtained but this does not mean to be a certainty.

[TheUltraElite]

Here on the forum, I've noticed that many players don't like being told that the best option is to put down the amount of money they're willing to lose.

A person who is obsessed about winning, the concept does not enter the head that in the long term the casino only will win more than the player does. Therefore reasoning to this person does not sound like anything important. They are more interested in making the money back and quickly.

So people will have these misconceptions that since their last game was red the next game will be green and so on and so forth.

It is all because they cannot think straight once they are into the gambling = rich quick mindset. Eventually they learn what the reality is or they end up in debt before they know it.

[Inwestour]

Not only with slot type games in my opinion, the same as other games with the name gambling that cannot be predicted and yes slot type games are one of the most powerful games otherwise the results cannot be predicted because this depends entirely on luck.

I agree with what you said, online or physical gambling does not affect the winning factor because basically it is determined by luck in our favor or not.

Apart from that, another misconception is that some people consider gambling to be one way to make money, although it is basically true that there are benefits that can be obtained but this does not mean to be a certainty.

I think it's a huge misconception when people consider gambling a secondary source of income. Not all players win, and winnings can hardly be considered income, especially considering how much time they spend on it and how much stress they experience with each loss. I've always said that finding a part-time job is better, it will yield much more profit than trying to achieve the same result from gambling.