[AneroidOcean]

(01-08-2015 04:55 PM)worldwidetraveler Wrote:  

Quote:

brb going to the casino with lifesavings. Using this datasheet to make me rich

I don't recall anyone saying you can get rich from this. Please point it out.

Where are your datasheets?

The implication the OP made is that you can make money this way with consistency by anything but blind luck.

He's then asked by someone to discuss time period and "consistent" winning as well as if he closely tracked his wins/losses. Not unreasonable at all to ask.

Then the OP guessed at a percentage range and got defensive.

I've been heavily involved in the gambling world and played hundreds of thousands of hands of various games. I've also had serious insight from professional gamblers as well as high level casino employees that are family of sorts.

Did I need any of this to realize that this "datasheet" is complete and utter nonsense?

No, I just need a basic probability and statistics math class.

Don't believe me, believe the wizard of odds guy whose site has already been linked:

Quote:

The Wizard of Odds is Michael Shackleford, A.S.A., a professional actuary who has made a career of analyzing casino games. He runs the numbers on new games for casinos and game developers and has helped design many of the popular slot machines on the Internet. He is currently an Adjunct Professor of Casino Math at the University of Nevada, Las Vegas, a former contributing editor to Casino Player magazine, and the author of the book Gambling 102, recently published by Huntington Press. The Wizard's landmark research into the actual returns of slot machines on the Las Vegas strip garnered international attention in 2002, and he has appeared numerous times on national television as a recognized expert on gambling strategy.

As a side note, there ARE ways to beat the casino. Some may be legal some may be not:

1. Luck! Just because the odds are not in your favor doesn't mean that multiple independent events can't end up in your favor. Again, basic probability/statistics.
2. Major bugs in the software or flaws in the random number generators. These usually get addressed quickly.
3. Complicated strategies that can give you positive expected value. These are essentially bugs that are exploited at such a low level or are so rare they will never get addressed.
4. Physical ways to trick the machines sensors/systems. Very rare.
5. Games that are not slots. Blackjack with a reasonable number of decks (card counting, which is not illegal but will get you escorted off the premises and asked not to return once the casinos catch on). Poker against players whom you can outwit, read, etc...
6. Bonus hustling and such (mentioned only because with online casinos this was a viable strategy years ago, but again you were only making money expecting to lose a small percent playing to satisfy requirements and then making money through the generous bonus offers at the time).

I encourage anyone to read up on probability/statistics if they want to know anything about the reality of gambling. It doesn't make you "feel" good, but it will sure give you the cold hard reality which is what I thought we were about around here.

To simplify, this is like the OP flipping a coin a bunch of times for money and stopping when he "feels" that it's going to land on heads more often and then when he "feels" it'll land on heads less often he starts betting again.

Sure he could win money, but it's not because he has any advantage or it's in any way a smart method of betting. The chance of the coin landing on heads or tails is 50/50. You can't change the probability with your "feelings" just your bet, which may or may not win but that outcome doesn't depend on your choice.

People get real emotional when you point out their complete lack of mathematical understanding when it comes to gambling. I suspect this is because gambling is a largely emotional and unfortunately for some, highly addictive pastime.