A casino has only a slight edge so...

I`m loosing my pants martingailing this sh*t!!!:D:D:D

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This killer whale gambler negotiates his own terms with the casinos so that he has a slight edge - and then he eats them alive. The big short of casino gambling.



 
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harrytrader said:
Sorry I've never play at a Blackjack game so I can't tell (in fact I've never played at any Casino game at all because I hate to gamble when I know I don't have superior edge) :D

I'm rather referring to Casino's game everybody knows: Roulette while betting on red or black (at least I know that :D). There are 37 numbers for european roulette and 38 numbers for American roulette so that the probability of winning at each bet is
p=18/37=48.65% for european roulette
p=18/38=47.37% for american roulette
so the edge of the casino is only
q=50%-p=1.35% for european roulette
q=50%-p=2.63% for american roulette

Just remark that US casino roulette are nearly double more edged against a player than a European casino roulette :D still 2.63% is far from your 25% (btw are you sure it is 25% for Blackjack because I don't understand why people would be so stupid to chose something that is much more edged against them than roulette ? Or you use a definition of edge that is yours ?) !
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Blackjack and craps according to most has the lowest house or casino advantage over the player. Roulette has a higher house or casino edge. As for roulette, I think the difference is the zero and double zero. I think the European casinos have just one of them which accounts for the 2.63% worst roulette comparing the US to European version of the roulette wheel.
 
You need to understand one thing about casinos is that they always win. So, don't try to beat them. They make a living of ripping people off. The other thing about stock market is that the gut feelings are strong while investing in them. So, invest in that business in which you are confident enough.
 
I could go on and on about this... I have been a gambler for decades... no YOU will NOT win over any considerable period of time.. PERIOD. No system will ever beat the house advantage,, ever...

now as a side note... in California where I live you can "player bank" card games. In California card rooms the house cannot be the bank. Players can if they wish,,, so you can get the same advantage as the house by being the house.
 
The reason speculation can work for the small trader is we have the significant advantages of not moving price with our orders, and the freedom to get out whenever we want.

If you don't know the game, and don't know your advantage, how can you trade from a dominant position?
 
Back in the 1980's use to fly to Vegas every weekend and count cards in Blackjack, did well till they got up to 4 decks where my odds became 50/50. Decided to learn scalping/day trading, for several years would have done better at Vegas, LOL...Back in the day there wasn't any giant casinos except Mirage and volcano. Prices of meals, food, liquor and entertainment was cheap. Casinos would even pick up air fare or they saw you played big and look like you are losing, take couple chips and put in pocket every few hands.
 
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