Betting systems never work in the long run - AGREED - lets talk about the short term.

Page 8 of 8	« First	<	5	6	7	8

February 9th, 2012 at 7:19:12 AM permalink

slackyhacky

Member since: Jan 18, 2012
Threads: 16
Posts: 141

Quote: YoDiceRoll11
Actually Ken, not at all. I'm just curious what it is. I don't care if he runs it through 7 tests, or 7 billion tests. Why is it that the people who claim others are pessimistic are so pessimistic??

Ha.

good point.

I was kinda kidding about me having a system that works. it works if you can lay 10,000 odds and start with something like 10,000,000 in craps.

Craps is unique in that you can bet in a way that you have 2:1 odds of you winning the bet (not talking about winning $), and while waiting for that, you can also make a slow increase (while other numbers roll). I like that idea.

February 9th, 2012 at 7:49:36 AM permalink

SOOPOO

Member since: Aug 8, 2010
Threads: 49
Posts: 1304

Quote: EvenBob
So there should be hundreds of players in Vegas alone
earning their livings doing this. Where are they?

This is idiotic. No one said they can tell IN ADVANCE which of the 9 players will be ahead. No one said that for SURE any one of the nine players will be ahead. They just said that ON AVERAGE, 1 of 9 would be ahead. And by the way, add me to the list of those that are ahead in my career, some from AP play when I was younger, and some from taking advantage of weak casino play now. However, if I had to guess, I'll likely be behind at the end of my career.....unless I get lucky and am the one in nine...

February 9th, 2012 at 9:16:00 AM permalink

YoDiceRoll11

Member since: Jan 9, 2012
Threads: 7
Posts: 529

Quote: slackyhacky
it works if you can lay 10,000 odds and start with something like 10,000,000 in craps.

Craps is unique in that you can bet in a way that you have 2:1 odds of you winning the bet (not talking about winning $), and while waiting for that, you can also make a slow increase (while other numbers roll). I like that idea.

$10,000 on the don't pass odds? Finally someone plays a low HE bet with a theoretically sufficient bankroll. :)

Nice

February 9th, 2012 at 10:24:13 AM permalink

MathExtremist

Member since: Aug 31, 2010
Threads: 45
Posts: 2511

Quote: slackyhacky
Craps is unique in that you can bet in a way that you have 2:1 odds of you winning the bet (not talking about winning $), and while waiting for that, you can also make a slow increase (while other numbers roll). I like that idea.

Craps isn't unique in that regard. You can bet 32 inside numbers in roulette and have 32:6 odds of winning a bet. Roulette is even more flexible than craps in that sense, but the edge is terrible. If someone put up a single-zero wheel where you only lost 20% of your bet on a zero, I'd probably play roulette too.

"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563

February 9th, 2012 at 8:58:22 PM permalink

cardcounter

Member since: Oct 15, 2011
Threads: 10
Posts: 56

Quote: awakefield1983
I agree 100% that all betting systems are flawed when trying to beat the game in the long run and cannot avoid the house edge.

I am not a professional gambler, meaning, I don't make a living from gambling. However, I gamble quite well, I know optimal strategy for almost every basic casino game, have no superstitions, can easily quit when hitting my profit goal/stop loss limits etc.

This being said, for someone who only spends a few days out of the year at the casino and is not looking to make a profit in the "long-run", would applying a betting system to attempt to make profits in the "short-run" make sense?

When using a progressive betting system, it works the majority of the time. Admittedly, the losses are more substantial when they do occur. Therefore, when trying to make a marginal sum of money, while only playing a few hours out of the year, is the risk worth it? Under this scenario, I would argue yes.

What are you thoughts?

Just to reiterate - I am not mathematically challenged - I know that no betting system can work in the long run - I am simply laying our a hypothetical for marginal short-term wins.

That's called gambling you can win in the short term even if you are the underdog to the casino. The dealers like that because they usually get tipped by these short term winners. The longer people play with a disadvantage the more and more likely the casino is to win.

Page 8 of 8	« First	<	5	6	7	8

Jump to:

RSS Feed

Bovada is the only Internet casino endorsed by the Wizard.
Here are my reasons why and my promise of support.