(24-12-2012, 03:41 PM)paullow Wrote: speaking of casino, let me share my recent trip to genting. i observed roulette red black has no cinsecutive repeat for more than three times in a row, at keast for that 1hr i was there on 4 separate tables. maybe they do repeat more times at different times. so seeing 2consecutive reds/black i went in and bet the opposite, preparing to double if the reverse happened. using this strayegy, i used 300 n won 500. i played 30 times n won 20. because each loss was followed bu doubling, my win wss limited. my aim wss consisyency. my each win was still limited to rm25. i noted losers r those who sit down long ling and play. snd llosers like to play high leverage 1-7 games.
Hi,Your method assumed relationship between the 3 times of "throwing" ie the probability of the same colour will get lower and lower.
In fact, there is no relationship between each throw ie the probability of each throw is equal 50%/50%
In long term, the law of average will catch up with the method of doubling up one day unless you stop using the method forever which you won't
(25-12-2012, 11:31 AM)Musicwhiz Wrote: There are actually documented cases of card-counters who have been successful betting against casinos and have therefore been banned! But these are the select few who have a photographic memory and superior knowledge about odds and "betting the ranch". Defnitely not easy so don't try this at home (or at your nearest local casino!).
On a serious note, gambling has been known to completely ruin lives and families. I've read cases in the papers where people have lost entire homes, families have been torn apart, they themselves have lost their jobs and their freedom (jailed for crimes), and been declared bankrupt. In the process, you also lose friends and relatives whom you borrowed money from, and some have ended up being hounded and harassed by both legal and illegal moneylenders. It is a very destructive addiction.
Card counting is so far the only method to beat the casino legally.
Of course, for obvious reasons, card counters will be banned from the casino and in fact, some said their photograph will be circulated among the casino circle.
Well, you don't really need a photographic memory. Rather u use a system of attributing +1 or -1 to big or small cards.
And when there is more big cards in the remaining deck, you increase your bet and vice versa.
Usually, card counters work as a team to avoid easy detection.
All said, as far as probablility is concerned, with prefect card counter skill, you got only 52% chance of winning the house.
Life is indeed tough for gamblers.
Homepage
PR Newswire
