Beating the Casinos
Players want to beat the casinos and casinos want to beat the players. Obviously.
Players want their luck to run hot in their favor and for the casino’s luck to run cold – really, really cold. That is the nature of every player’s dreams. Lady Luck favors me and Dame Fortune turns her back on the casino.
The casinos want one thing and one thing only – they want the math and probabilities of the games to be as they are and to work as they are supposed to work. That is their simple philosophy. They are not at all interested in having good luck. Their win is a calculation, nothing more and nothing less.
If everything is math and probabilities, then the casinos can have a guaranteed win over time – often not a very long time either – at any of their games. The games are (for want of another word) – fixed. Players know they face house edges even if they don’t know how those edges are created.
By the way, if players want to learn about how the casinos handle achieving a house edge nothing is stopping them. The casinos are not hiding this fact, they just aren’t publicizing it.
[Please note: Here is a clear example of how the casino gets an edge at roulette. On the American roulette wheel which has two zeroes (0, 00) the possibility of landing in one pocket is once in 38 tries. So, the player is expected to lose 37 times and win once. The true payout on such a bet is $37-to-1. But for the casino to make money from this bet, it pays back 35-to-1. Now the casino has a 5.26 percent edge over the player!]
The players laugh and cheer if they feel they are having some good luck. Hey, good for them. It’s fun to have fun. However, the casino just jots down the bets and the house edge and goes from there. It knows what the expectation for losses will be for a roulette player betting as above. It knows that for each and every game!
Most players are not fully aware that the casinos are beating them with mathematics. Why should they be? Casinos do not advertise that math is the underpinning of everything they do – it is the underpinning of their games and the underpinning of their comping systems and the underpinning of the shows and the underpinning of the stars they bring to entertain the masses.
Are there ways that players can beat the casinos. Some, maybe, but the players who can beat the house are very few and very far between. How do they do that? They figure out the mathematical way. In short, they turn the math on its head to give the edge to themselves.
Are there many such advantage players? Not really. If there were then there wouldn’t be casinos.
Anyway, here’s to you having profoundly good luck and for the casino’s math not to work tonight!
Players want their luck to run hot in their favor and for the casino’s luck to run cold – really, really cold. That is the nature of every player’s dreams. Lady Luck favors me and Dame Fortune turns her back on the casino.
The casinos want one thing and one thing only – they want the math and probabilities of the games to be as they are and to work as they are supposed to work. That is their simple philosophy. They are not at all interested in having good luck. Their win is a calculation, nothing more and nothing less.
If everything is math and probabilities, then the casinos can have a guaranteed win over time – often not a very long time either – at any of their games. The games are (for want of another word) – fixed. Players know they face house edges even if they don’t know how those edges are created.
By the way, if players want to learn about how the casinos handle achieving a house edge nothing is stopping them. The casinos are not hiding this fact, they just aren’t publicizing it.
[Please note: Here is a clear example of how the casino gets an edge at roulette. On the American roulette wheel which has two zeroes (0, 00) the possibility of landing in one pocket is once in 38 tries. So, the player is expected to lose 37 times and win once. The true payout on such a bet is $37-to-1. But for the casino to make money from this bet, it pays back 35-to-1. Now the casino has a 5.26 percent edge over the player!]
The players laugh and cheer if they feel they are having some good luck. Hey, good for them. It’s fun to have fun. However, the casino just jots down the bets and the house edge and goes from there. It knows what the expectation for losses will be for a roulette player betting as above. It knows that for each and every game!
Most players are not fully aware that the casinos are beating them with mathematics. Why should they be? Casinos do not advertise that math is the underpinning of everything they do – it is the underpinning of their games and the underpinning of their comping systems and the underpinning of the shows and the underpinning of the stars they bring to entertain the masses.
Are there ways that players can beat the casinos. Some, maybe, but the players who can beat the house are very few and very far between. How do they do that? They figure out the mathematical way. In short, they turn the math on its head to give the edge to themselves.
Are there many such advantage players? Not really. If there were then there wouldn’t be casinos.
Anyway, here’s to you having profoundly good luck and for the casino’s math not to work tonight!
This article is provided by the Frank Scoblete Network. Melissa A. Kaplan is the network's managing editor. If you would like to use this article on your website, please contact Casino City Press, the exclusive web syndication outlet for the Frank Scoblete Network. To contact Frank, please e-mail him at fscobe@optonline.net.
Beating the Casinos
is republished from CasinoCityTimes.com.