panama
panama
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June 14th, 2013 at 4:01:32 AM permalink
Firstly, hi all, newbie here, I do hope I've posted in the correct section.

Basically, I'm very much an amateur/part time gambler.

I'm from the Uk and my gambling consists of usually a few bets on horse racing, football (soccer) and the occasional foray into poker/roulette online.

I lost my job recently and am actively seeking a new one, I could really do with an extra 100-200 coming into my bank account every week to help pay the bills so
I've been trying out a few different online casino games.

For the most part I had a little luck playing roulette and simply sticking to backing red or black. But ultimately the house regains your profit.

Then I had a go at blackjack and sometimes when you get to to 20 and the house still manages to get 21 more often than not it would make you cynical.

I only bet small stakes and would be perfectly happy plugging away betting at 50 cents a game for hours if it meant I ended up with 20-30 dollars/euro profit everyday as it would make a big difference to me.

So to my point:

Can anyone recommend an online casino game / roulette method etc which would be more suitable for someone like myself?

I'm not the gullible type, I've read all about the various systems and even naively tried the martingale system starting out before I realised how ridiculous it was.

I think talking to and learning from more experienced gamblers on forums like this one is far more beneficial than googling "how to win money at casinos"
or watching youtube videos entitled "how I made 50,000 dollars at blackjack" etc.

So I'd be really grateful for any tips/advice or otherwise.

Cheers.
Mission146
Mission146
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June 14th, 2013 at 4:30:34 AM permalink
No, spending that extra time searching for jobs on-line and working on your resume' would have the best expected value for you. Maybe take the money you plan to stake for on-line gambling, and buy a nice new tie, belt, or shoes for interviews.

Gambling is a very bad choice for someone who needs the money.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rainman
rainman
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June 14th, 2013 at 5:21:25 AM permalink
Mission is correct you are in no position to gamble. Even as an advantage player I suffer long crushing runs that suck enormous chunks of cash out of my bankroll. If twenty dollars has as much value to you as your post indicates you shouldn't be gambling at all even if you had an edge.
panama
panama
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June 14th, 2013 at 5:35:04 AM permalink
Hi guys, thanks for the replies.

Perhaps my my OP was a bit too detailed, I am not looking at gambling as an alternative source of living.

It is merely to supplement what I already earn and I presume like many gamblers at the end of the day to have more money in your pocket.

The reason I wrote 20 dollars is that it's a relatively small amount to most people, I'm sure there's plenty of people here who bet ten times that every hour never mind a week. If I could make an extra even 50-100 quid a week I'd be delighted and right now while I'm applying for a new job and back at home I have some free time to commit to it.

I am asking if it's relatively easy to earn a small profit per day gambling online and if you do something like this and build a small but decent profit every week if you wouldn't mind offering some advice on how I could do same.

Obviously I don't presume there is a winning system out there as if there was it goes without saying everyone would be using it.

I'm here merely seeking tips and advice as I'm a novice really when it comes to online casino gambling.

I can afford to start with a pot of 10 or 20 a day but choosing the right game and methods are what I'm hoping for some help with.

I've had runs playing roulette where I've stuck to red for example and been well up but of course getting sucked in by that elusive winning feeling meant I didn't cash out and of course then a run of losses came and I was back down to my stake money. But on the whole I am a conservative gambler and not a massive risk taker.

So if I could learn a decent method or two (I know nothing is foolproof of course) to even boost my chances of winning I'd be happy.

Thanks for reading.
sabre
sabre
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June 14th, 2013 at 5:39:35 AM permalink
Get in a time machine, go back to 2003, and whore casino bonuses.

If you don't have access to a time machine, then my advice would be to self exclude from every online casino. Self exclude from every live casino as well, just to make sure. You should not be gambling.
panama
panama
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June 14th, 2013 at 5:45:03 AM permalink
Quote: sabre

You should not be gambling.



I'd rather make my own decisions in that regard thank you.
FinsRule
FinsRule
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June 14th, 2013 at 5:49:25 AM permalink
Quote: panama

I'd rather make my own decisions in that regard thank you.



Agreed.

But, no, there is no way to slowly get $20 a day or whatever. I think your best chance would be to get good at poker. But no guarantees in that. You could maybe shop lines, but really gambling online is not a way to make money. It's a way to have a good time (maybe).
panama
panama
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June 14th, 2013 at 5:56:10 AM permalink
Quote: FinsRule

Agreed.

But, no, there is no way to slowly get $20 a day or whatever. I think your best chance would be to get good at poker. But no guarantees in that. You could maybe shop lines, but really gambling online is not a way to make money. It's a way to have a good time (maybe).



Appreciate the reply cheers.
rainman
rainman
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June 14th, 2013 at 6:12:10 AM permalink
delete
dwheatley
dwheatley
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June 14th, 2013 at 6:33:48 AM permalink
Online bonuses used to work. Playing low-limit multi-table poker used to, and may still work. In the early 2000s playing 4 tables of 0.5-1 limit holdem on party poker was basically a job paying $10/ hour, counting the bonuses you cleared.

Don't play roulette, blackjack, or any other standard game without bonuses to support you expecting to win $20 consistently. That's a mistake.
Wisdom is the quality that keeps you out of situations where you would otherwise need it
panama
panama
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June 14th, 2013 at 7:58:52 AM permalink
Quote: rainman

delete



What an invaluable contribution thanks.
panama
panama
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June 14th, 2013 at 7:59:26 AM permalink
Quote: dwheatley

Online bonuses used to work. Playing low-limit multi-table poker used to, and may still work. In the early 2000s playing 4 tables of 0.5-1 limit holdem on party poker was basically a job paying $10/ hour, counting the bonuses you cleared.

Don't play roulette, blackjack, or any other standard game without bonuses to support you expecting to win $20 consistently. That's a mistake.



Good info, thank you.
rainman
rainman
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June 14th, 2013 at 8:33:43 AM permalink
I typed up a response however when I posted it something went wrong and it just showed your quote. I was to lazy to retype it sorry.
panama
panama
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June 14th, 2013 at 10:10:53 AM permalink
Quote: rainman

I typed up a response however when I posted it something went wrong and it just showed your quote. I was to lazy to retype it sorry.



Haha no worries!

Well thanks for entertaining my thread, feel free to lock if you deem necessary mods, thanks.
Beethoven9th
Beethoven9th
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June 14th, 2013 at 10:30:16 AM permalink
I don't know why people think gambling for small profits will be any more successful than gambling for big wins. Other than poker and counting cards at BJ, casino games are negative expectation games, meaning you cannot win in the long run. If you're willing to "plug away for hours", then you're better off spending those hours at a job where you're guaranteed to make money.
Fighting BS one post at a time!
FinsRule
FinsRule
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June 14th, 2013 at 11:13:05 AM permalink
Quote: Beethoven9th

I don't know why people think gambling for small profits will be any more successful than gambling for big wins. Other than poker and counting cards at BJ, casino games are negative expectation games, meaning you cannot win in the long run. If you're willing to "plug away for hours", then you're better off spending those hours at a job where you're guaranteed to make money.



Like people who are excited they can make 40K a year playing video poker 10 hours a day 6 days a week....
Venthus
Venthus
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June 14th, 2013 at 1:58:50 PM permalink
Quote: FinsRule

Like people who are excited they can make 40K a year playing video poker 10 hours a day 6 days a week....



40k/yr + all-you-can-drink would be quite attractive to some people. Good luck staying positive if you're drinking that much though.
djatc
djatc
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June 14th, 2013 at 2:48:14 PM permalink
If you were in Vegas, and had a bankroll you could make some money but not having both of these criterias filled it will be very tough to make that kinda money gambling. You might be better off grinding a bankroll by working.
"Man Babes" #AxelFabulous
Beethoven9th
Beethoven9th
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June 14th, 2013 at 7:04:10 PM permalink
Quote: djatc

You might be better off grinding a bankroll by working.


Totally agree. If all he needs is $20.00/day, and he's willing to "plug away for hours", then he should just do the easy thing and get a part-time job anywhere working 15-20 hours/wk. Problem solved.
Fighting BS one post at a time!
Hawk76
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June 14th, 2013 at 7:46:56 PM permalink
@rainman, What is considered an enormous blow? I am interested in getting into AP and I know there is a lot of work before I can begin but I'd like to know what order of magnitude you are talking about and what you usually bet. I do have a job, Its nothing outrageous, but its above the average.
Ibeatyouraces
Ibeatyouraces
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June 14th, 2013 at 9:32:32 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
rainman
rainman
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June 14th, 2013 at 9:38:57 PM permalink
I'm not comfortable giving out personal info on a public forum. There are quite a few different A-plays and you don't specify which one interests you. I can tell you this though I have lost 80k in about a year before.
rainman
rainman
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June 14th, 2013 at 9:50:57 PM permalink
Quote: Ibeatyouraces

I lost nearly $9000 in one sitting spreading $25-$400 in a short amount of time. Others I'msure have lost a lot more. Be prepared to handle these swings.



Green to black is for scared people lol. You need red to black like this :) http://www.youtube.com/watch?v=6HjwzJyCQlQ
Ibeatyouraces
Ibeatyouraces
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June 14th, 2013 at 10:00:42 PM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
rainman
rainman
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June 14th, 2013 at 10:17:22 PM permalink
Quote: Ibeatyouraces

My situation happened long ago. Also I'm not trying to get the boot either. I did take a $15k hit in one day betting $300 a hand on TCP once. Will probably happen again on some game sooner or later.



I was just having a little fun. I only go green- black 1-10 units
MonkeyMonkey
MonkeyMonkey
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June 15th, 2013 at 1:29:12 AM permalink
Quote: panama


Can anyone recommend an online casino game / roulette method etc which would be more suitable for someone like myself?



If they do you'd be well advised not to listen.

Quote: panama


So I'd be really grateful for any tips/advice or otherwise.



You have already received the best answers possible from Mission and Beethoven9th.
Hawk76
Hawk76
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June 16th, 2013 at 7:19:09 PM permalink
Thanks for the info. Like I said I don't know much but I think I would liked to learn KO and spread $25-$75. I'm not really sure how all of this works quite yet. But I think that sounds reasonable. I wouldn't be able to handle a swing that big. I don't quite know the bankroll management yet don't know how much I would need for a 25-75 spread and what the return on that would be. But thank you for the info. I don't think I have cash to even handle 80k in a year or 9k in one sitting. But it would be a goal of mine to get up to that level.
sabre
sabre
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June 17th, 2013 at 7:31:40 PM permalink
The return on a 25-75 spread will be negative.

You are not going to make money gambling, you will only lose it.
paiges5
paiges5
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June 18th, 2013 at 10:03:44 AM permalink
Back to the original question. It would seem reasonable that if you made $20 bets on an "even money" bet such as red/black roulette or come/don't come craps and you stopped when you were $20 ahead that over the course of play you would nearly always be at least 1 win ahead. I know that during continuous play the house edge always wins, but if you ALWAYS stopped when you were $20 ahead this would negate the houses ability to "win in the long run". Has anyone ever performed a long term calculation using these parameters?
Beethoven9th
Beethoven9th
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June 18th, 2013 at 10:16:20 AM permalink
Quote: paiges5

Back to the original question. It would seem reasonable that if you made $20 bets on an "even money" bet such as red/black roulette or come/don't come craps and you stopped when you were $20 ahead that over the course of play you would nearly always be at least 1 win ahead. I know that during continuous play the house edge always wins, but if you ALWAYS stopped when you were $20 ahead this would negate the houses ability to "win in the long run". Has anyone ever performed a long term calculation using these parameters?


Doesn't work. You're assuming that one will always be at least 1 unit ahead for each session. (Such an assumption is false)
Fighting BS one post at a time!
paiges5
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June 18th, 2013 at 10:38:46 AM permalink
I am not assuming that at all. Lets say that you start with $1000, I am putting forth the hypothesis that over the course of events, the times that which at some point you were ahead by at least one unit and stopped would outweigh the time where you lost everything (1:32768). I was just wondering if anyone had ever ran a program with this goal.
Ibeatyouraces
Ibeatyouraces
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June 18th, 2013 at 11:06:41 AM permalink
deleted
DUHHIIIIIIIII HEARD THAT!
Beethoven9th
Beethoven9th
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June 18th, 2013 at 11:28:31 AM permalink
Quote: paiges5

I am not assuming that at all. Lets say that you start with $1000, I am putting forth the hypothesis that over the course of events, the times that which at some point you were ahead by at least one unit and stopped would outweigh the time where you lost everything (1:32768). I was just wondering if anyone had ever ran a program with this goal.


As I said before, there will be plenty of sessions where one is not up "at least 1 unit", so in the long run there's still no way to escape the House Advantage.
Fighting BS one post at a time!
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