Quatloos Guide To Gambling

[darling]

Hey, so if you're going to TAM2, and planning on hitting the casinos, here's perhaps the best guide of what to do (or rather, what not to do) that I've seen.

http://www.quatloos.com/quatloosia-goodlife/gamble2.htm

Me, I'll just be finding all the special offers that are being subsidised by the suckers.

[The Central Scrutinizer]

Originally posted by budddyh
Hey, so if you're going to TAM2, and planning on hitting the casinos, here's perhaps the best guide of what to do (or rather, what not to do) that I've seen.

http://www.quatloos.com/quatloosia-goodlife/gamble2.htm

Me, I'll just be finding all the special offers that are being subsidised by the suckers.

If it weren't for stupid people, Las Vegas would cease to exist.

[Tez]

http://www.quatloos.com/quatloosia-goodlife/parhedg.htm

This sounds like urban legend to me. Wish it were true....

[gnome]

Their strategy seems to rely on reducing your exposure to games and hoping to win early... because long-term exposure most likely will eventually lead to the house advantage taking hold.

But here's the problem--if you use the "Hit and run" approach, you're doing the same thing, only spreading it out over a longer period of time. Each time you go back for another attempted "hit" is just like you stayed put in the first place.

They're partly right... the best strategy of all may be to reduce your exposure to zero.

At this point I consider gambling (without a theoretical edge over the house) to be a form of paid entertainment.

[Ladewig]

http://www.quatloos.com/quatloosia-goodlife/parhedg.htm

This sounds like urban legend to me. Wish it were true....


The catch with the system is a 12 on the comeout roll. Twelve causes the Pass Line bet to lose, but it is counted as a push on the Don't Pass. If that number comes up more than expected, then profitability drops.

The only sure-fire way to reduce the house percentage to zero in craps is to find a Pass Line player who is not taking odds. If he or she agrees to let you place bets behind the Pass Line bets, you are playing with no house advantage.

[Tez]

Originally posted by Ladewig



The catch with the system is a 12 on the comeout roll. Twelve causes the Pass Line bet to lose, but it is counted as a push on the Don't Pass. If that number comes up more than expected, then profitability drops.

The only sure-fire way to reduce the house percentage to zero in craps is to find a Pass Line player who is not taking odds. If he or she agrees to let you place bets behind the Pass Line bets, you are playing with no house advantage.

Huh? Theres no description of the supposed "parity-hedge" scheme that I could find anywhere on the site, or anywhere else for that matter. What you say is true for other parity line schemes, but the claim on that webpage is basically that the so-called parity hedge system doesnt suffer that problem. The whole story sounds a little mythological to me!

[Suddenly]

Here is a link for a roulette system that guarantees you will not lose any money. (http://www.caro.com/caro_roulette_system_1.htm)

The mathematical proof this system works is here. (http://www.caro.com/roulette_system_explained.htm)

[Ladewig]

"The Parity Hedge System derives in part from the Doey-Don’t System immortalized in Frank Scoblete's classic book: Beat the Craps Out of the Casinos and Play Craps and Win,"

The DD System is simutaneous Pass/Don't Pass betting in order to make free odds bets behind the Pass Line.

[gnome]

Originally posted by Suddenly
Here is a link for a roulette system that guarantees you will not lose any money. (http://www.caro.com/caro_roulette_system_1.htm)

The mathematical proof this system works is here. (http://www.caro.com/roulette_system_explained.htm)

All odd red numbers turn out to be bad choices, based on over two trillion computer trials. Don't bet them.


This seems like total baloney to me... what probabilistic difference between odd red, odd black, even red, or even black numbers could there be?

If you renumbered the roulette wheel so that each slot carried the number and color to its left, would this change?

Do the principles of probability cease to exist on a roulette wheel? Are they all manufactured with a bias against odd/red?

Or is there some subtlety of the roulette numbers that I have missed?

[roger]

Originally posted by gnome
Or is there some subtlety of the roulette numbers that I have missed?
Well, yes, the subtlety is that if you follow _all_ of the instructions, there is no possible bet to make. He excluded all possible bets - you don't bet, hence the house advantage is zero!

[gnome]

:jaw:

I am such a sucker.

Bad probability is my pet peeve...

[SteveW]

As a gambler myself, and I have won more than I have lost, I find this link to be the one of the stupidest I have ever seen. And for those of you above that have posted, you sure don't know much about odds do you?

BTW, there is NO system. The casino will always win. Roulette balls and dice have no memory.

Idiots.

[Suddenly]

Originally posted by SteveW
As a gambler myself, and I have won more than I have lost, I find this link to be the one of the stupidest I have ever seen. And for those of you above that have posted, you sure don't know much about odds do you?

BTW, there is NO system. The casino will always win. Roulette balls and dice have no memory.

Idiots.

That's what the site I posted said, just in a tongue in cheek rather than insulting fashion. The only way to no lose is to not play.

Of course, that refers to the long term. If you are a successful gambler you should know that in the short term variance governs results much more than the expected mathematical advantage, especially in a game where that advantage is small. In other words, the swings matter more than the house edge.

A craps player has a decent chance to be ahead after a short number of rolls. That chance shrinks with every roll. However, most players don't play forever. Your statement that "the casino will always win" is not true when applied to a short session.

Plus, since many gamblers play for entertainment value, the utility of the money they wager is zero, as most expect to lose anyway. They play for fun, atmosphere, and the like. The occasional win is a bonus.

It is true that it is impossible to beat these games over a long time, regardless of "money management" or session management or betting systems. That's all crap.

I win more than I lose as well, but then again, I don't gamble. I only play poker. ;)

[Cleopatra]

Originally posted by Suddenly


I don't gamble. I only play poker. ;)

Will you come to TAM II ? ;)

[Suddenly]

Originally posted by Cleopatra


Will you come to TAM II ? ;)

If I get my house sold so I can move, I may. Until then my wife and I are hording every penny in case we need it for the move. If and when the house sells, I'm going to look into it.

Hopefully I'll turn a profit on the trip anyway, but who knows. :D

[Cleopatra]

What do you mean??? You are not a dirty criminal lawyer who makes millions???? :eek: :eek: :eek:

Please, don't ruin our reputation :D

[Suddenly]

Originally posted by Cleopatra
What do you mean??? You are not a dirty criminal lawyer who makes millions???? :eek: :eek: :eek:

Please, don't ruin our reputation :D

I'm a dirty criminal lawyer who makes thousands. Not many of them either. I'm a humble public servant. Actually I'm a slightly arrogant public servant, but I'm still poor. ;)

My wife sues deadbeat dads. She makes more. :)

(but not much more) :(