Reducing the House Edge
Whenever someone is using that expression, it shows they hate math. If they hate math, there is a strong likelihood they don't understand it.Quote: scepticusbecause maths geeks tell us it can't be done
My question: why do they bother to do math, then?
On the other hand:
there are people here who constantly confuse "reducing the edge" and "suppressing the edge". They are quite obnoxious and self-righteous in not even reading what other people write. It is they who give rise to this "math geek" bad reputation.
House edge is relative to amount bet. Defining your betting sequence means correlating it with previous results. It doesn't change the HE for the next, partial outcome. But OF COURSE it can change the H.E. on an overall "bet". It simply never makes it negative.
The hold in roulette isn't 17% because
of the HE.
Quote: SOOPOOThis isn't going to be pretty.
you were s o o o o o right :;;
Quote: EvenBobSo what if you could get rid of the HE.
The hold in roulette isn't 17% because
of the HE.[/q
agreed - human failings.
Quote: Zcore13Maybe we are all not understanding each other. If you are saying you can reduce the house edge by placing certain bets over other bets, or by hedging bets, of course you can. If you are saying you can
You can reduce the house edge by playing a corner bet (5.26% HE) over the first five numbers (7.89% house edge).
If you are trying to say you can reduce any house edge by any type of money management or betting system, you can't. Nothing changes the house edge of a bet or combination of bets. You can not ignore certain outcomes no matter how infrequent they come up. They are part of the house edge.
Your illustration shows you can lose less money by better less often. That is reducing risk, not house edge.
ZCore13
I accept the smack on the wrist. I have reduced the risk but not the house edge. The point I was trying to make was that by not betting the first spin I was giving myself a better chance of profiting.
Betting anything other than the first five numbers is a different bet and so , being a different bet has a different HE.
I don't try to win arguments ,as a gambler, I just try to win money.
Thanks
Quote: Zcore13Maybe we are all not understanding each other. If you are saying you can reduce the house edge by placing certain bets over other bets, or by hedging bets, of course you can. If you are saying you can
You can reduce the house edge by playing a corner bet (5.26% HE) over the first five numbers (7.89% house edge).
If you are trying to say you can reduce any house edge by any type of money management or betting system, you can't. Nothing changes the house edge of a bet or combination of bets. You can not ignore certain outcomes no matter how infrequent they come up. They are part of the house edge.
Your illustration shows you can lose less money by better less often. That is reducing risk, not house edge.
ZCore13
I accept the smack on the wrist. I have reduced the risk but not the house edge. The point I was trying to make was that by not betting the first spin I was giving myself a better chance of profiting.
Betting anything other than the first five numbers is a different bet and so , being a different bet has a different HE.
I don't try to win arguments ,as a gambler, I just try to win money.
Thanks
Quote: kubikulannWhenever someone is using that expression, it shows they hate math. If they hate math, there is a strong likelihood they don't understand it.
My question: why do they bother to do math, then?
On the other hand:
there are people here who constantly confuse "reducing the edge" and "suppressing the edge". They are quite obnoxious and self-righteous in not even reading what other people write. It is they who give rise to this "math geek" bad reputation.
House edge is relative to amount bet. Defining your betting sequence means correlating it with previous results. It doesn't change the HE for the next, partial outcome. But OF COURSE it can change the H.E. on an overall "bet". It simply never makes it negative.
I never said you could eliminate the HE
Some others here would not agree that you can change the HE.
