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32 thoughts on “The Mathematics of the Casino | What people get wrong about gambling”
Sign up for Notion for free: https://ntn.so/zachstar
simply, the more time you roll the more you chance drop
2:00 It was fun to sort out the logic behind this teaser in my head, thanks Zach!
Its weird to see him not doing comedy sketches, but its a pleasant welcome
OUR FAVORITE (Yes our favorite) statement from new players ( and some old players) is : YES But I win with the 7 & the 11 on the pass line and come bet- Oh Gee whiz. OK sit down and work out the "real math" of that statement: You have 8 ways to win on the come out roll with the 7 & 11. That is a very low 22.22% ( less than 25% or 1 in 4) VS 28 ways ( 77.77%) Over 75% that you will lose with the 2,3,&12 or roll a point number 4-10 that you now have to roll TWICE to win and only pays even money. That is a good bet?? Those are not very good odds for the pass/come bettor. 22.22% VS 77.77% This is known as "Casino math ( House edge) VS Real math ( ROI). Any questions? Enjoy the show!!! Casino Math VS Real Math. 🤔☯ "All This house edge is Crap with a Capital C in Craps" From the show on Y.B "Casino Math ( House edge) VS Real math ( ROI $$) .
I have to adress a special thanks for the editor of this youtube channel, that was a revealing moment when I followed your interepretation the first time and that has consequences on my vision about risk and reward attribution. Absolutly MUST wathc for any mathematic passionate !
such a great vid!
Played 21 New Year's Eve. Young guy sitting next to me had at least $1000 in $25 dollar chips. Mentioned he looked successful. He said, "He loved to gamble". He proceeded to lose it all. He left and was VERY upset. Should have watched this piece. I came in with 300. Won several hands initially. It turned and I left with $200. Time to know when to leave.
I learned a strategy a few years ago, but one that I think they'll ban you for. Every time you lose, double your bet. When you win, you'll make back at least what you've lost.
At 9:24, why can't I start betting on tails at the first upward part of the graph, where there has been a higher % of heads? In the long run there is higher % of it being tails afterwards
so if i were to double a 100 multiple times its best to play blackjack?
The only mathematics is:
Casino know how to cheat
And you not
So your saying I have a chance…..
Not true the richest man can buy the win literally
Good well delivered information. Long term proabilities. House edge. I found the charts helpful to understand the averages. Thank You!!
Instead of gambling, try investing. People said investing in crypto is gambling, then go and throw all their money away on useless trash and casinos. Over the course of the last three years, I retired, they are still working. Think before you do.
Congratulations on a great video! 😄 I know where you can get more than 99 free spins.Best choice.
O jogador mais lendário da história…o único q revertia qualquer placar e acabava com o time adversário sozinho.
The house doesn’t always win, the house just never stops playing.
I always play corners in roulette. My strategy is to play $5 chips and place a few different bets per round. I’m yet to lose playing like this, although I’m sure statistically I’m probably just getting lucky and there’s some way I could be playing smarter
Very interesting! I suppose this is the idea behind the penny slots?
Are these stats on a Double Zero table, or the new even more shitty Triple Zero table?
The answer is Bob because Alice isn't going to find a $1 roulette table anywhere.
i cam to your channel for the sketches and now I am learning maths
For those whon want to dive deeper into the mathematics:
Until around 3:30 is the idea of stopping times
After 9:00 is the theory of martingales 🙂
Pretty simple trick to beating the casino.
A lot of them underprice their drinks, buffets, sometimes even hotel rooms. Don't be distracted by the flashy gambling. Take advantage of the things they're taking a loss on with the expectation that you will gamble.
So bet on red just once
I bring $50,000 with me to gambling venues. I'm usually happy with wins under $5,000, although sometimes It is much more. I win most all the time, perhaps around 90% of the time. When I lose, I lose all 50K. I might stack 8 trips of wins in a row before taking the big dump. Casino comps meals, lodging, gaming chips, gazebo, massage, etc etc. The one thing that can kill me is back-to-back 50k losses, that that hasn't happened YET, but someday it probably will. Let's make one thing clear though, I ALWAYS end up a loser for the year. 35 year losing streak, including this year. I do get a lot of luxury family vacations and fun out of it so I can live with the losses. I've made it to November some years winning for the year, but I always wind up taking the massive loss to make it a losing year. This year I took the massive Dump in April.
I play dozens 23 and cover the zeros, i have 26 slots to land in ,the casino has 12. I have 3 other systems for when im up, i play everyday and avg. $200. Other than a system, the key to winning roulette is to win AND LEAVE!
CFO for three casinos here, one guy in Idaho walked in to use our phone for an auto emergency, while waiting he put $20 in a dollar machine, second pull he hit the $78,000 jackpot and cashed out. When I gave him the check the next day he said it was the only time he'd been in a casino and he'd never be in one again. Smartest guy ever. After quitting one casino which had video lottery terminals with internal win tables, I came back and beat them for $2,800 in lees than a month. How you ask? I played $5 bills in max bets on the nickel machines ($.40/play) until I was down $2 or up over $5; a lot of printed tickets but when you won, it was easily over the $5 mark (sometimes way over) and when you lost, you limited the loss to $2. During that month I hit four jackpots for over $160 a whack and one for $1,600. Caveat: most video lottery terminals are no longer around. Our average win on networked slots was around 6% at all those casinos. Seriously, i advise my friends to limit their losses and play at least the $1 slots because they pay better odds…ATMs are not your friends. Just play to have fun, not to bleed.
Don't you have to bet the minimum on red that the table requires? I don't know of any 1 dollar roulette tables.
8:08 ur welcome