Can we win against casino playing baccarat or roulette

[AlohaHawaii]

Originally Posted by Jufo

Unfortunately the concept "Quit while you are ahead" usually fails. You can walk away from the casino with a small win but you will most certainly come back at some point (maybe even after 20 years) and eventually lose it back.

This concept is known as "Gambler's conceit" and it is well explained in the following Wikipedia article:

http://en.wikipedia.org/wiki/Gambler's_conceit

I fully agree with you. I can guarantee that no humans on earth can overcome the above shortcomings. Not even a soul! It is almost impossible for a gambler to quit when winning.

[Roar]

Originally Posted by AlohaHawaii

to be continued tomorrow........

....I am riveted to my seat.

>

[maaster]

The best way to beat roulette is by making a even bet lets say 100$

after you win never play roulette again!

[Jufo]

Originally Posted by maaster

The best way to beat roulette is by making a even bet lets say 100$

after you win never play roulette again!

You know what is even better. Never play in the casino at all. That is 0% House Edge for you

[SlotMonster]

Originally Posted by Jufo

You know what is even better. Never play in the casino at all. That is 0% House Edge for you

And what about casinos with "No House Edge" feature?

[Jufo]

Originally Posted by SlotMonster

And what about casinos with "No House Edge" feature?

Yes, of course that too. I have done a lot of gambling at Betfair Zero Lounge. The only problem is limited game selection.

[james01]

My point still stands - the longer you play, the more you lose. If you played a hundred dollars on a penny slot (I know, an imaginary penny slot) with a payout of 96%, you should theoretically be left with $96 after your play session. If you played every single penny once, then your final total would be pretty close to that $96. If, at that point, you stopped, you might find that you were ahead by a couple bucks. But no one stops at that point. What you do instead is that you then play all of that $96, leaving you with $92.16, which you then play through, leaving you with $88.47 and so on.

*yes, I needed my calculator for that, and yes, I realize that this is based on a statistical probability, not an actual number.

There are generally two things that will end this pattern. One is a gigantic win. The other is going broke. Statistically, the second is more likely.

So basically, if you're looking for a way to win big, you either have to have unlimited funds and an unlimited table and use a betting strategy on a game where the probability of winning each bet is close to 50/50, or you have to have been born under a lucky star.

Otherwise, your best way to come out ahead is to never spend any small win on more gambling.

[Jufo]

Originally Posted by james01

My point still stands - the longer you play, the more you lose.

Otherwise, your best way to come out ahead is to never spend any small win on more gambling.

It is true that the shorter your playing session is, the higher are your chances of being ahead. Players often lose because they keep on gambling for too long.

But it doesn't help you in any way to walk away from casino after a small win if it means that you just come back the next day. You lose exactly the same amount but it is just divided on a longer time period.

[SlotMonster]

Originally Posted by Jufo

Yes, of course that too. I have done a lot of gambling at Betfair Zero Lounge. The only problem is limited game selection.

Try Betvoyager - the are offering ALL their game with "No House Edge" feature. I think you'll be satisfied

[LaHutti]

I agree with a lot of things that has already been said.
I think the main reason people loose, comes down to greed.
If you win, a little, you want to win more, and if you keep playing the same game/machine, and even up your bets, that's the best and fastest way to bankrupcy.
On the other hand, if you loose, you tend to start chasing your loss, because, ofcourse your luck has to turn at some point....ummm...no it won't and you'll loose even more, unless you hit that unlikely big one.
In my experience ... mostly playing slots ... low rolling, winning a feature or two, and leave the machine while you're up, (believe me, I know it's not always easy to leave after a win) is THE best way of winning/minimizing your loss. There are plenty of slots ou there to play, so you don't have to play the same one for hours.
At the same time....have a goal, and STICK to it !!!!
If you have a goal, that you want to win, let's say 50% of your initial deposit amount, LEAVE when you reach it...if you loose your deposit LEAVE, and don't redeposit to try and get your lost money back...most likely you won't !
So...bottom line for me is ... it's 99.9% human factor = greed