Roulettte Question
x pǝɹ
Joined: Feb 2003
Posts: 6,246
Likes: 1
From: Upstate
I hate how people automatically attack gambling skill - its all probability and odds. You can play the game poorly and lower your chances of success, or you can play well and have a higher chance of success. But overall you will lose money dollar for dollar. Basically if the house has a .28% edge, then every $100 I play I will lose 28 cents. Of course there are variations in play. For example, the MIT blackjack team could count cards and were even able to place the house at a slight disadvantage, however they still couldn't generate enough income because they didn't play long enough or have enough capital to support them through the lower-bound statistical variations.
Last edited by Red X; Jun 29, 2007 at 03:29 PM.
click click
Joined: Jul 2005
Posts: 23,651
Likes: 0
From: cali
Uhh.. everything in the casino is a losing game, EVEN blackjack.
I hate how people automatically attack gambling skill - its all probability and odds. You can play the game poorly and lower your chances of success, or you can play well and have a higher chance of success. But overall you will lose money dollar for dollar. Basically if the house has a .28% edge, then every $100 I play I will lose 28 cents. Of course there are variations in play. For example, the MIT blackjack team could count cards and were even able to place the house at a slight disadvantage, however they still couldn't generate enough income because they didn't play long enough or have enough capital to support them through the lower-bound statistical variations.
I hate how people automatically attack gambling skill - its all probability and odds. You can play the game poorly and lower your chances of success, or you can play well and have a higher chance of success. But overall you will lose money dollar for dollar. Basically if the house has a .28% edge, then every $100 I play I will lose 28 cents. Of course there are variations in play. For example, the MIT blackjack team could count cards and were even able to place the house at a slight disadvantage, however they still couldn't generate enough income because they didn't play long enough or have enough capital to support them through the lower-bound statistical variations.
Ridin Dirty
Joined: May 2002
Posts: 3,839
Likes: 0
From: Charlotte,NC
Uhh.. everything in the casino is a losing game, EVEN blackjack.
I hate how people automatically attack gambling skill - its all probability and odds. You can play the game poorly and lower your chances of success, or you can play well and have a higher chance of success. But overall you will lose money dollar for dollar. Basically if the house has a .28% edge, then every $100 I play I will lose 28 cents. Of course there are variations in play. For example, the MIT blackjack team could count cards and were even able to place the house at a slight disadvantage, however they still couldn't generate enough income because they didn't play long enough or have enough capital to support them through the lower-bound statistical variations.
I hate how people automatically attack gambling skill - its all probability and odds. You can play the game poorly and lower your chances of success, or you can play well and have a higher chance of success. But overall you will lose money dollar for dollar. Basically if the house has a .28% edge, then every $100 I play I will lose 28 cents. Of course there are variations in play. For example, the MIT blackjack team could count cards and were even able to place the house at a slight disadvantage, however they still couldn't generate enough income because they didn't play long enough or have enough capital to support them through the lower-bound statistical variations.
x pǝɹ
Joined: Feb 2003
Posts: 6,246
Likes: 1
From: Upstate
I disagree.....I say poker is the only non-losing game at a casino IMO......I play ALOT of poker...and sure there is alot of luck....but if you are skilled enough you can stay above the variance....I can say I have.......plus poker doesn't involve the actual casino or a machine....its people...and people make all sorts of mistakes and most of them pretty much suck and are just there for the "thrill"
edit: except for the rake, but that has nothing to do with variance.