| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 | | 
01-03-2009, 05:34 PM
|
#26 | | MOD
Join Date: Oct 2002 Location: VANCOUVER
Posts: 26,849
Thanked 7,553 Times in 1,957 Posts
Failed 153 Times in 85 Posts
| Quote:
Originally Posted by rockyvious  they wont kick u out for losing too much but if your family doesn't want you to gamble i believe your family can ask the casino to blacklist you, but i think you gotta do this voluntarily as well cause you gotta take some mug shots. then every time they see you step foot in the casino they'll kick you out. | The family cannot tell the casino to blacklist a person.
| 
| | |
01-03-2009, 08:30 PM
|
#27 | | Kick' In' Duh' Bass
Join Date: Jan 2008 Location: Burnaby
Posts: 2,619
Thanked 1,692 Times in 405 Posts
Failed 434 Times in 65 Posts
|
U guys are all wrong im CSO at Starlight Casino and u will not be kicked out if you win too much.. what will happen is say your playin blackjack and your somehow winning an insane amount of money you will be closely watched while at the table to see any irregularities or anything unusual or suspicious if nothing is observed then hey u just got a good streak going and there is no reason for us to boot you out the DS may or may not close the table becuase of a huge loss and request u move on! Card counting is impossible now adays since automatic shufflers are in play so STOP WATCHING MOVIES!!! and yes a family can blacklist another family member but only to an extent which basically means that they can say hey my husband is losing all our savings blah blah blah and if that person is identified the only thing we can do is offer the self exclusion program and its up to them to take it or leave it thats it! If u deside to be a wise ass and cause trouble you will be booted automatically same with cheating and being too intoxicated and you will also have a barring status of how ever long depends on the situation... KNOW YOUR LIMIT PLAY WITHIN IT!
__________________ Flickr The DC5 Member's Journal > 2005 Acura TSX ASPEC < > 2003 Acura RSX-S < > 1994 Acura Intergra LS < > 1994 Honda Civic SI < > 1991 Acura Integra GS < ( RIP ) | |
| | |
01-03-2009, 08:35 PM
|
#28 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
|
euro ..
you CAN be asked to leave
has this ever happen?
quiet often in Vegas...
only twice in BC that i recall
only on blackjack.. other games are flawless
hand shuffle blackjack CAN be beaten if properly card counted..
not the one with shuffle machine..
oh and there's place that still uses hand shuffle on blackjack  | |
| | |
01-03-2009, 08:51 PM
|
#29 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
| Quote:
Originally Posted by InvisibleSoul 100% impossible. | in theory it is possible..
it happened in vegas in the 80's
when roulette table was tilted slightly that it favored certain numbers..
one of the player realized it before casino and he was winning nearly half a million...
when he cashed out that night, casino realized the flaw and fixed it and the guy who won didn't know it was fixed already trying to win more.. and lost all of it back
| |
| | |
01-03-2009, 08:59 PM
|
#30 | | RS.net, where our google ads make absolutely no sense!
Join Date: Dec 2003 Location: Surrey
Posts: 966
Thanked 286 Times in 99 Posts
Failed 12 Times in 8 Posts
|
The self-banning practice is a joke. I know of people who still manage to get in. No security is going to get canned because they let in one of their "regulars". Security is too busy checking the ID of baby faces such as myself.
Back in my younger days, I'd go in to the casino "to make money"... Not so much for entertainment, but a losing day set me straight.
Everything there is all about probability... Blackjack is my game. I'd watch a full table and wait for it to get hot (tons of low cards coming out) and a player would normally leave after a few bad beats by the house.
My winnings were never huge though so the casino would leave me be. Can't expect to win too much when I put down $40-$60.
__________________ My Feedback (9-0-0)
If cats always land on their feet, and toast always lands butter side down, what would happen if you strapped burnt toast to the back of a cat and dropped it?
| |
| | |
01-03-2009, 09:26 PM
|
#31 | | Banned (ABWS)
Join Date: Apr 2008 Location: bc
Posts: 411
Thanked 32 Times in 22 Posts
Failed 607 Times in 60 Posts
| Quote:
Originally Posted by boibuddha
Everything there is all about probability... Blackjack is my game. I'd watch a full table and wait for it to get hot (tons of low cards coming out) and a player would normally leave after a few bad beats by the house.
| when lots of low cards come out, that's when the house has the advantage.
You won't hit much natural 20's or blackjacks and dealers aren't busting on low cards.
| |
| | |
01-03-2009, 09:45 PM
|
#32 | | RS.net, where our google ads make absolutely no sense!
Join Date: Dec 2003 Location: Surrey
Posts: 966
Thanked 286 Times in 99 Posts
Failed 12 Times in 8 Posts
|
I'm just making a general statement about when everyone including house gets low cards for 2-3 hands... 10s are bound to come out sooner or later... it's the trend the cards are following. (This is what I watch for when I'm scoping out a table)
I understand what you mean though.. it's flipped though when you actually play.
Example... say you have 16 and dealer has face/10... Most reasonable thing to do is hit. You manage to stay under, but that just means it's more likely the house will get another 10... Sure you have a strong hand, but you're also boosting the dealer's chances, no?
__________________ My Feedback (9-0-0)
If cats always land on their feet, and toast always lands butter side down, what would happen if you strapped burnt toast to the back of a cat and dropped it?
| |
| | |
01-03-2009, 10:52 PM
|
#33 | | To me, there is the Internet and there is RS
Join Date: Apr 2007 Location: Okanagan
Posts: 17,492
Thanked 10,304 Times in 4,505 Posts
Failed 435 Times in 233 Posts
|
the one thing I've always wondered about, is do people actually get beat up by asshole security guys for card counting or whatever? couldn't you get the guy charged with assault?
__________________ 1991 Toyota Celica GTFour RC // 2007 Toyota Rav4 V6 // 2000 Jeep Grand Cherokee
1992 Toyota Celica GT-S ["sold"] \\ 2007 Jeep Grand Cherokee CRD [sold] \\ 2000 Jeep Cherokee [sold] \\ 1997 Honda Prelude [sold] \\ 1992 Jeep YJ [sold/crashed] \\ 1987 Mazda RX-7 [sold] \\ 1987 Toyota Celica GT-S [crushed] Quote:
Originally Posted by maksimizer half those dudes are hotter than ,my GF. | Quote:
Originally Posted by RevYouUp reading this thread is like waiting for goku to charge up a spirit bomb in dragon ball z | Quote:
Originally Posted by Good_KarMa OH thank god. I thought u had sex with my wife. :cry: | | |
| | |
01-03-2009, 10:54 PM
|
#34 | | Banned (ABWS)
Join Date: Oct 2006 Location: MacLeod
Posts: 7,298
Thanked 542 Times in 289 Posts
Failed 1,639 Times in 418 Posts
| Quote:
Originally Posted by Presto I think you can request yourself to be banned. |
ya.. i was asking about this..
| |
| | |
01-03-2009, 11:27 PM
|
#35 | | Kick' In' Duh' Bass
Join Date: Jan 2008 Location: Burnaby
Posts: 2,619
Thanked 1,692 Times in 405 Posts
Failed 434 Times in 65 Posts
| Quote:
Originally Posted by chinook79 euro ..
you CAN be asked to leave
has this ever happen?
quiet often in Vegas...
only twice in BC that i recall
only on blackjack.. other games are flawless
hand shuffle blackjack CAN be beaten if properly card counted..
not the one with shuffle machine..
oh and there's place that still uses hand shuffle on blackjack |
No man! why would u be asked to leave if ur not doing anything wrong?? it doesnt work that way like i said earlier if we dont find any cheat at play or anything suspicious then its totally fine!!! If that was the case we would kick out every VIP player that ever came in and took us for big $$$$ then we lose business... There NEEDS to be proof of wrong doing!!! and no gateway or Great Canadian casinos use hand shufflers, those are outdated but quite possible for smaller casinos or some that are less known to still have hand shuffle.. and no security will never take u to the basement and beat the living shit out of you!!! but will do self defense if needed!
__________________ Flickr The DC5 Member's Journal > 2005 Acura TSX ASPEC < > 2003 Acura RSX-S < > 1994 Acura Intergra LS < > 1994 Honda Civic SI < > 1991 Acura Integra GS < ( RIP ) | |
| | |
01-03-2009, 11:55 PM
|
#36 | | The RS Freebie guru
Join Date: Jul 2001 Location: East Vancouver
Posts: 22,032
Thanked 2,491 Times in 860 Posts
Failed 137 Times in 67 Posts
| Quote:
Originally Posted by chinook79 in theory it is possible..
it happened in vegas in the 80's
when roulette table was tilted slightly that it favored certain numbers..
one of the player realized it before casino and he was winning nearly half a million...
when he cashed out that night, casino realized the flaw and fixed it and the guy who won didn't know it was fixed already trying to win more.. and lost all of it back | Even if that's a true story, that example doesn't support the OP's statement. It's only because of a defect in that particular table. It's not like some random stats genius can bring a strategy to a random roulette table and expect to win, because there CAN be no strategy for roulette, period.
| |
| | |
01-04-2009, 12:03 AM
|
#37 | | Banned (ABWS)
Join Date: Oct 2006 Location: MacLeod
Posts: 7,298
Thanked 542 Times in 289 Posts
Failed 1,639 Times in 418 Posts
| Quote:
Originally Posted by orange7 hmm... this bring up another good question
can you be kicked out for losing to much? | Quote:
Originally Posted by Presto I think you can request yourself to be banned. | Quote:
Originally Posted by hotong you can my friend did | Quote:
Originally Posted by TRD604 yes, you can ban yourself for 6 months, 1 year or 3 years.
I see customers walking to and from the atm machine all night. I don't know how people can throw their money away like that. | Quote:
Originally Posted by TRD604 The family cannot tell the casino to blacklist a person. | Quote:
Originally Posted by orange7 ya.. i was asking about this.. |
wait.. I really don't get this whole banging thing?
so let me get this straight..
I can ban myself for a certain length of time, but what happens if i want to unban myself before the time limit?
| |
| | |
01-04-2009, 12:21 AM
|
#38 | | I don't get it
Join Date: Apr 2004 Location: Vancouver
Posts: 409
Thanked 8 Times in 3 Posts
Failed 2 Times in 1 Post
|
^
The self banning is known as the voluntary self exclusion program. It means that you are signing a contract for all BC casinos to deny your entry. You can choose any of the four time length to have yourself banned for, 6 months, 1 year, 2 years, or 3 years. Once you sign up, you cannot have it revoked until your expiry date. You can goto any casinos and seek additional information from the RGO (Responsible Gambling Officers)
Last edited by bayee; 01-04-2009 at 12:26 AM.
| |
| | |
01-04-2009, 12:46 AM
|
#39 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
| Quote:
Originally Posted by -EuroRSN- No man! why would u be asked to leave if ur not doing anything wrong?? it doesnt work that way like i said earlier if we dont find any cheat at play or anything suspicious then its totally fine!!! If that was the case we would kick out every VIP player that ever came in and took us for big $$$$ then we lose business... There NEEDS to be proof of wrong doing!!! and no gateway or Great Canadian casinos use hand shufflers, those are outdated but quite possible for smaller casinos or some that are less known to still have hand shuffle.. and no security will never take u to the basement and beat the living shit out of you!!! but will do self defense if needed! | you are not getting it right..
ok.. I recall a young kid in the 20's who made 700k from $1000 dollar in the span of 3 days in Bacarrac. Was he cheating? no it was insane pure luck..
did we kick the guy out? Hell no, we want him to come back because the way game is set to be, he is bound to lose back all his money soon or later as long as he continues to play. I remember some guy whom I can't name due to privacy but he cashed out over a million in one day. Do we kick him out because he made tons of money? hell no! we go lick his ass if we have to to try to keep him coming back for more. Ofcourse, we'll review tapes/check all the cards that's been used on the table that got hit big for any sign of cheating but we'll do it discrete to make sure those big players/winners never feel uncomfortable.
What I meant by asking players to leave.. it happened a while ago
when GCC and gateway didn't have shuffle machine introduced. Blackjack is a beatable game. Just like in the movie 21, it's mathmatically possible to offset odds against house by counting cards/adjusting size of bets when the odds favors players. We have had known card counters back in the old days... and trust me. We kept our eyes on them closely.. If they are good enough to beat the house, yes we do have right to go and talk to them saying sorry you are too good to play blackjack in our casino, but you are free to play any other game you wish to play. We've only done that twice as far as I know.. but it has been done before.. Oh by the way... GCC's PNE casino still use hand shuffle on one of two tables...
as for cheating....
it does happen more often than people would think...
switching cards... betting after hand is over... capping the bets...
| |
| | |
01-04-2009, 12:48 AM
|
#40 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
| Quote:
Originally Posted by InvisibleSoul Even if that's a true story, that example doesn't support the OP's statement. It's only because of a defect in that particular table. It's not like some random stats genius can bring a strategy to a random roulette table and expect to win, because there CAN be no strategy for roulette, period. | odds on roulette is pretty damn simple..
37 numbers... on double 0 table..
true odd would be 1/37
casino pays 1/35
casino has 5.4% edge.. which is HUGE..
every 100 dollar you bet.. you are GUARENTEED to lose 5.4% OVER THE LONG RUN
stats, no matter how genious you are, you can't beat.. it's a fact...
| |
| | |
01-04-2009, 01:58 AM
|
#41 | | To me, there is the Internet and there is RS
Join Date: Apr 2004 Location: Nanaimo
Posts: 17,464
Thanked 8,399 Times in 3,936 Posts
Failed 1,518 Times in 655 Posts
| Quote:
Originally Posted by chinook79 odds on roulette is pretty damn simple..
37 numbers... on double 0 table..
true odd would be 1/37
casino pays 1/35
casino has 5.4% edge.. which is HUGE..
every 100 dollar you bet.. you are GUARENTEED to lose 5.4% OVER THE LONG RUN
stats, no matter how genious you are, you can't beat.. it's a fact... | On the TV show breaking Vegas hey showed how roulette was beatable.
Many gamblers have a favorite game that possesses them. For Gonzalo Garcia-Pelayo it was roulette. This Spanish patriarch's obsession would transform his family into a gambling enterprise, embroil him in a vicious standoff with casinos, and threaten his life. Follow the international exploits of the struggling record producer whose life took a wild turn when he discovered a secret about roulette--the tendency of certain numbers to win repeatedly over time due to a tangible, consistent effect of a bias in the wheel. A father of five, Gonzalo had a trustworthy "team" and devoted his life into making his family the most profitable roulette gang in gambling history. But as word of their success spread, it triggered a cat-and-mouse game with the casinos. Shot in Madrid and Las Vegas, the program features interviews with Gonzalo, his son and team member Ivan, and Patrick Santacruz, the "cat" who ultimately befriended the "mice".
__________________
Until the lions have their own historians, the history of the hunt will always glorify the hunter. | |
| | |
01-04-2009, 02:36 AM
|
#42 | | Banned (ABWS)
Join Date: Apr 2006 Location: Van
Posts: 1,490
Thanked 27 Times in 17 Posts
Failed 52 Times in 19 Posts
| Quote:
Originally Posted by TRD604 We wont kick you out. Ive seen customers there for more than 10hrs a day. | You run a casino or you do Security at one??
Last edited by LeanNsupreme; 01-04-2009 at 02:37 AM.
| |
| | |
01-04-2009, 02:42 AM
|
#43 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Aug 2005 Location: east van
Posts: 199
Thanked 8 Times in 4 Posts
Failed 20 Times in 7 Posts
|
fuck house games, play poker if u want to gamble even that youll have a bad run here and there but its way better than playing house games.
| |
| | |
01-04-2009, 03:12 AM
|
#44 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
|
I just told you on earlier post that roulette was beatable if the wheel is tilted in a way.. you are just repeating myself :P Quote:
Originally Posted by Manic! On the TV show breaking Vegas hey showed how roulette was beatable.
Many gamblers have a favorite game that possesses them. For Gonzalo Garcia-Pelayo it was roulette. This Spanish patriarch's obsession would transform his family into a gambling enterprise, embroil him in a vicious standoff with casinos, and threaten his life. Follow the international exploits of the struggling record producer whose life took a wild turn when he discovered a secret about roulette--the tendency of certain numbers to win repeatedly over time due to a tangible, consistent effect of a bias in the wheel. A father of five, Gonzalo had a trustworthy "team" and devoted his life into making his family the most profitable roulette gang in gambling history. But as word of their success spread, it triggered a cat-and-mouse game with the casinos. Shot in Madrid and Las Vegas, the program features interviews with Gonzalo, his son and team member Ivan, and Patrick Santacruz, the "cat" who ultimately befriended the "mice". | | |
| | |
01-04-2009, 03:42 AM
|
#45 | | Kick' In' Duh' Bass
Join Date: Jan 2008 Location: Burnaby
Posts: 2,619
Thanked 1,692 Times in 405 Posts
Failed 434 Times in 65 Posts
| Quote:
Originally Posted by chinook79 you are not getting it right..
ok.. I recall a young kid in the 20's who made 700k from $1000 dollar in the span of 3 days in Bacarrac. Was he cheating? no it was insane pure luck..
did we kick the guy out? Hell no, we want him to come back because the way game is set to be, he is bound to lose back all his money soon or later as long as he continues to play. I remember some guy whom I can't name due to privacy but he cashed out over a million in one day. Do we kick him out because he made tons of money? hell no! we go lick his ass if we have to to try to keep him coming back for more. Ofcourse, we'll review tapes/check all the cards that's been used on the table that got hit big for any sign of cheating but we'll do it discrete to make sure those big players/winners never feel uncomfortable.
What I meant by asking players to leave.. it happened a while ago
when GCC and gateway didn't have shuffle machine introduced. Blackjack is a beatable game. Just like in the movie 21, it's mathmatically possible to offset odds against house by counting cards/adjusting size of bets when the odds favors players. We have had known card counters back in the old days... and trust me. We kept our eyes on them closely.. If they are good enough to beat the house, yes we do have right to go and talk to them saying sorry you are too good to play blackjack in our casino, but you are free to play any other game you wish to play. We've only done that twice as far as I know.. but it has been done before.. Oh by the way... GCC's PNE casino still use hand shuffle on one of two tables...
as for cheating....
it does happen more often than people would think...
switching cards... betting after hand is over... capping the bets... |
Ya your right on just asking the players to possibly move tables! but that kinda stuff doesnt happen often cuase there is never big money played or won on regular tables now adays other then VIP which has their own lil guidelines and exceptions for high rollers. But it is possible for card counting too, its just sooo damnn HARDDD especially with all the deck in the shuffler but ya i heard stories of card counting done back in the day. You seem to know your stuff where do u work? 
__________________ Flickr The DC5 Member's Journal > 2005 Acura TSX ASPEC < > 2003 Acura RSX-S < > 1994 Acura Intergra LS < > 1994 Honda Civic SI < > 1991 Acura Integra GS < ( RIP ) | |
| | |
01-04-2009, 10:11 AM
|
#46 | | ninja edits your posts without your knowledge
Join Date: Jan 2004 Location: Vancouver
Posts: 14,997
Thanked 6,370 Times in 1,795 Posts
Failed 114 Times in 70 Posts
| Quote:
Originally Posted by chinook79 odds on roulette is pretty damn simple..
37 numbers... on double 0 table..
true odd would be 1/37
casino pays 1/35
casino has 5.4% edge.. which is HUGE..
every 100 dollar you bet.. you are GUARENTEED to lose 5.4% OVER THE LONG RUN
stats, no matter how genious you are, you can't beat.. it's a fact... | Wrong yet again.
The idea that the casino will have 5.4 percent over you in the long run is completely false. This is way of thinking is known as Gambler's fallacy (feel free to look it up). It is the idea that the odds will somehow always go back to its original probability. This is to say that if you flip a coin 10 times and you've hit 5 heads and 4 tails that it will predict the next as tails. This is UNTRUE. The odds everytime is 50/50 and will not change because of the previous results.
You clearly don't know what you're talking about.
| |
| | |
01-04-2009, 11:09 AM
|
#47 | | I contribute to threads in the offtopic forum
Join Date: Jul 2005 Location: Bus Stop
Posts: 2,668
Thanked 37 Times in 11 Posts
Failed 0 Times in 0 Posts
|
He's not saying the casino has a 5.4% greater probability... he's saying they don't pay out to cover the odds, so in the long run, they will come out 5.4% on top, monetarily.
There's your chances of winning, and then there's your chances of winning money.
__________________
"We're not the public service of Canada, we're not just another department. We are the Canadian Forces, and our job is to be able to kill people." -Gen. Rick Hillier
Through the mud and the blood to the green field beyond.
Faugh A'Ballaugh.
Last edited by 1983 Z28; 01-04-2009 at 11:11 AM.
| |
| | |
01-04-2009, 01:26 PM
|
#48 | | The RS Freebie guru
Join Date: Jul 2001 Location: East Vancouver
Posts: 22,032
Thanked 2,491 Times in 860 Posts
Failed 137 Times in 67 Posts
| Quote:
Originally Posted by CRS Wrong yet again.
The idea that the casino will have 5.4 percent over you in the long run is completely false. This is way of thinking is known as Gambler's fallacy (feel free to look it up). It is the idea that the odds will somehow always go back to its original probability. This is to say that if you flip a coin 10 times and you've hit 5 heads and 4 tails that it will predict the next as tails. This is UNTRUE. The odds everytime is 50/50 and will not change because of the previous results.
You clearly don't know what you're talking about. | He wasn't wrong, but he just didn't word the summary well.
"every 100 dollar you bet.. you are GUARENTEED to lose 5.4% OVER THE LONG RUN "
He shouldn't have added the "every 100 dollar you bet" part, and I think that's the part you latched on to.
The larger the sample, the more that the results will end up as losing 5.4% of the overall amount of money bet. Over $100, it might vary greatly. Over $1000, it would probably still vary greatly. But over $100,000,000, it'll probably be pretty close.
| |
| | |
01-04-2009, 05:31 PM
|
#49 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
| Quote:
Originally Posted by CRS Wrong yet again.
The idea that the casino will have 5.4 percent over you in the long run is completely false. This is way of thinking is known as Gambler's fallacy (feel free to look it up). It is the idea that the odds will somehow always go back to its original probability. This is to say that if you flip a coin 10 times and you've hit 5 heads and 4 tails that it will predict the next as tails. This is UNTRUE. The odds everytime is 50/50 and will not change because of the previous results.
You clearly don't know what you're talking about. | I was hoping you were smart enough to understand what I said.. but.. I guess I'll explain this way..
if you go casino, decide to gamble $100 worth of money
your initial bet is $10. Your expected loss would be 54 cents
next hand you bet $10 again...
you play around 20 hands per hour with avg bet of $10
and play for 4 hour..
your total bet would be...
$200/hr for 4 hour..
$800
You are NOT actually betting $100 even if that's all you took out from your pocket. Your total bet would be $800 and your expected loss would be $43.2
You MIGHT win that night or lose everything before you even get to play 4 hour with that $100, ONLY if you look at it in short term. But, if you go Casino and play same way daily for next 10 year or so, you are GUARENTEED that your daily loss avg would come exactly to $43.2 because that's how stats works and that's how casino is designed to be. Oh and believe me, I know what I am talking about  | |
| | |
01-04-2009, 07:26 PM
|
#50 | | I Will not Admit my Addiction to RS
Join Date: Jun 2005 Location: Vancouver
Posts: 533
Thanked 248 Times in 70 Posts
Failed 84 Times in 16 Posts
|
oh and one more thing.. have you taken any advanced stats course in post secondary education? If you did, it would be easier for you to understand..
"It is the idea that the odds will somehow always go back to its original probability"
is not the idea... I don't know where you get that idea but the chance of coin being heads or tail, given that coin is legit, remains 50/50 no matter how many times you toss it. For this reason alone, IN THE LONG RUN, the result will be 50% heads and 50%tail.
In the SHORT RUN, however, you can get crazy run of 10 tails in a row before one heads come out.(Just like someone on crazy winning streak like the kid who won 700,000 with 1,000) But it does NOT make next toss more likely be heads or tail.
If you are really interested in how casinos work, I can recommend a book called 'table game management' by Vic Taucer and Steve Easley.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 02:53 AM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
