Tips, tricks, strategies... : Is all really luck. (Page 4)

belfort wrote on 29.01.2023 at 22:24:
Well because you can't say 100% that they have the house advantage in after 3 years.


There are enough people who cash out an above average win and don't come back or blow it in another casino.
So if, for example, 3 people have each paid a total of 200 €, get 10k max win and then never show up again, the house advantage must first be brought in somewhere else...

The whole thing is of course much more complex than this example...

In the long run yes but how do you define long?


A RTP of xx% is just the scripted by which they have the house advantage
If nothing was scripted, they would have no house advantage.

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Falke wrote on 30.01.2023 at 03:33:
I don't know how you come up with something like that.


I rather think that most just don't understand what a house edge means. In my long career in the Live Casino industry, I can assure you that there is 100% no cheating there. I've dealt the cards myself.
And even though the players could all watch the shuffling live, many still believed in cheating. You know how often I have heard statements like "that can't be a coincidence".

And you can't imagine how much money you can make with just one Blackjack table, and there were always people who won 10k or more in one evening and then ran off with the money. Completely no matter. As long as the tables are always played, the bank will win. We were also often 50k "behind" and hours later we were back in front.

The house advantage is underestimated by most players. "What, only 3% house advantage, that's super".
Or to put it another way, because it's stored in the brain in a completely different way: "A payout ratio of 97%, wow, you almost can't lose. Umm, yes you can.

Imagine we flip a coin 10,000 times and every time you win I give you €97 and every time I win you give me €100. If at the end it is about 5.000/5.000, then you have paid me 5.000 times 3 € more, so you have lost 15.000 €. And that although you have a RTP of 97%.

I'm not even saying that you can't theoretically manipulate anything in online casinos. Everywhere where technology is involved, it is theoretically possible. But you should first be aware of what the house advantage means and how enormously high the advantage of just a few % are.

Even in Black Jack, where the house advantage is less than one percent in the best case, the bank collects all the money in the end. It just takes a little longer than in other games. Nevertheless, if 5 players sit down at a blackjack table with 1 million euros each and play for days or weeks, then the money will be completely with the bank at the end. Then the bank has taken 5 million euros and the players go completely empty-handed, even though the house advantage is less than one percent.

House advantage (no matter how small it may be) means always, without exception: In the end, ALL the money is with the bank. Payouts in between or wins in between, are only "borrowed" money and are subject to the quite normal fluctuation range (variance). So, if you keep playing and playing (which is what most people do), then the money is gone again.
How much a player will end up losing from his money is only determined by how much that player has himself under control. But, EVERY player has a negative expected value.

And this negative expected value also affects future events. What I mean by that is, unless a gambler stops gambling completely, some of their "wealth" will automatically always go to casinos. You can imagine an invisible vacuum cleaner that sucks a part of your wages for the rest of your life (as long as you don't stop gambling). So, even if you just have a gambling-free phase again, every asset that occurs in the future is automatically worth less, as long as you have not stopped completely. This is a fact to keep in mind, no matter how "fun" gambling is supposed to be.

The biggest problem with gambling is that it is spread over many days, months, years and man is forgetful and the very few think in the long term. There the 100,000 €, which one already gambled away its life before, are suppressed and only the ACTUAL condition is evaluated. If one has thus say 2,000 € on the account, then one does not think of the fact that one is 100,000 € in the minus, but one thinks oneself, one can try a 100 and make 500 € from it. And in such a way the spiral turns halt always further, without to kapieren, in which spiral there one is actually in it. It's like reaching for the hot stove plate again and again, just because it's still cold at the beginning.

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Falke wrote on 30.01.2023 at 03:33:
I don't know how you come up with something like that.


I rather think that most just don't understand what a house edge means. In my long career in the Live Casino industry, I can assure you that there is 100% no cheating there. I've dealt the cards myself.
And even though the players could all watch the shuffling live, many still believed in cheating. You know how often I have heard statements like "that can't be a coincidence".

And you can't imagine how much money you can make with just one Blackjack table, and there were always people who won 10k or more in one evening and then ran off with the money. Completely no matter. As long as the tables are always played, the bank will win. We were also often 50k "behind" and hours later we were back in front.

The house advantage is underestimated by most players. "What, only 3% house advantage, that's super".
Or to put it another way, because it's stored in the brain in a completely different way: "A payout ratio of 97%, wow, you almost can't lose. Umm, yes you can.

Imagine we flip a coin 10,000 times and every time you win I give you €97 and every time I win you give me €100. If at the end it is about 5.000/5.000, then you have paid me 5.000 times 3 € more, so you have lost 15.000 €. And that although you have a RTP of 97%.

I'm not even saying that you can't theoretically manipulate anything in online casinos. Everywhere where technology is involved, it is theoretically possible. But you should first be aware of what the house advantage means and how enormously high the advantage of just a few % are.

Even in Black Jack, where the house advantage is less than one percent in the best case, the bank collects all the money in the end. It just takes a little longer than in other games. Nevertheless, if 5 players sit down at a blackjack table with 1 million euros each and play for days or weeks, then the money will be completely with the bank at the end. Then the bank has taken 5 million euros and the players go completely empty-handed, even though the house advantage is less than one percent.

House advantage (no matter how small it may be) means always, without exception: In the end, ALL the money is with the bank. Payouts in between or wins in between, are only "borrowed" money and are subject to the quite normal fluctuation range (variance). So, if you keep playing and playing (which is what most people do), then the money is gone again.
How much a player will end up losing from his money is only determined by how much that player has himself under control. But, EVERY player has a negative expected value.

And this negative expected value also affects future events. What I mean by that is, unless a gambler stops gambling completely, some of their "wealth" will automatically always go to casinos. You can imagine an invisible vacuum cleaner that sucks a part of your wages for the rest of your life (as long as you don't stop gambling). So, even if you just have a gambling-free phase again, every asset that occurs in the future is automatically worth less, as long as you have not stopped completely. This is a fact to keep in mind, no matter how "fun" gambling is supposed to be.

The biggest problem with gambling is that it is spread over many days, months, years and man is forgetful and the very few think in the long term. There the 100,000 €, which one already gambled away its life before, are suppressed and only the ACTUAL condition is evaluated. If one has thus say 2,000 € on the account, then one does not think of the fact that one is 100,000 € in the minus, but one thinks oneself, one can try a 100 and make 500 € from it. And in such a way the spiral turns halt always further, without to kapieren, in which spiral there one is actually in it. It's like reaching for the hot stove plate again and again, just because it's still cold at the beginning.

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Cole666 wrote on 31.01.2023 at 17:35: Sometimes I also think that it is controlled. It's always such an emotional thing. 🤔

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Cole666 wrote on 31.01.2023 at 17:35: Sometimes I also think that it is controlled. It's always such an emotional thing. 🤔

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roccoammo11 wrote on 01.02.2023 at 01:32:

what happens then on a lucky streak?does the,the,the controlling have a break or power outage? the only feeling what should come up is fun at gambling..of course we all try with each Deposit what to win but it should be clear to everyone how unlikely it is.my girlfriend gambles mostly right next to me & often in the same online casino.one has mostly immediately a run & with the other runs nothing at all..but that shows me again and again that you can win & not everyone loses or something is manipulated!

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Falke wrote on 01/30/2023 at 03:33:
I don't know how you come up with something like that.


I rather think that most just don't understand what a house advantage means. In my long career in the Live Casino industry, I can assure you that there is 100% no cheating there. I've dealt the cards myself.
And even though the players could all watch the shuffling live, many still believed in cheating. You know how often I have heard statements like "that can't be a coincidence".

And you can't imagine how much money you can make with just one Blackjack table, and there were always people who won 10k or more in one evening and then ran off with the money. Completely no matter. As long as the tables are always played, the bank will win. We were also often 50k "behind" and hours later we were back in front.

The house advantage is underestimated by most players. "What, only 3% house advantage, that's super".
Or to put it another way, because it's stored in the brain in a completely different way: "A payout ratio of 97%, wow, you almost can't lose. Umm, yes you can.

Imagine we flip a coin 10,000 times and every time you win I give you €97 and every time I win you give me €100. If at the end it is about 5.000/5.000, then you have paid me 5.000 times 3 € more, so you have lost 15.000 €. And that although you have a RTP of 97%.

I'm not even saying that you can't theoretically manipulate anything in online casinos. Everywhere where technology is involved, it is theoretically possible. But you should first be aware of what the house advantage means and how enormously high the advantage of just a few % are.

Even in Black Jack, where the house advantage is less than one percent in the best case, the bank collects all the money in the end. It just takes a little longer than in other games. Nevertheless, if 5 players sit down at a blackjack table with 1 million euros each and play for days or weeks, then the money will be completely with the bank at the end. Then the bank has taken 5 million euros and the players go completely empty-handed, even though the house advantage is less than one percent.

House advantage (no matter how small it may be) means always, without exception: In the end, ALL the money is with the bank. Payouts in between or wins in between, are only "borrowed" money and are subject to the quite normal fluctuation range (variance). So, if you keep playing and playing (which is what most people do), then the money is gone again.
How much a player will end up losing from his money is only determined by how much that player has himself under control. But, EVERY player has a negative expected value.

And this negative expected value also affects future events. What I mean by that is, unless a gambler stops gambling completely, some of their "wealth" will automatically always go to casinos. You can imagine an invisible vacuum cleaner that sucks a part of your wages for the rest of your life (as long as you don't stop gambling). So, even if you just have a gambling-free phase again, every asset that occurs in the future is automatically worth less, as long as you have not stopped completely. This is a fact to keep in mind, no matter how "fun" gambling is supposed to be.

The biggest problem with gambling is that it is spread over many days, months, years and man is forgetful and the very few think in the long term. There the 100,000 €, which one already gambled away its life before, are suppressed and only the ACTUAL condition is evaluated. If one has thus say 2,000 € on the account, then one does not think of the fact that one is 100,000 € in the minus, but one thinks oneself, one can try a 100 and make 500 € from it. And in such a way the spiral turns halt always further, without to kapieren, in which spiral there one is actually in it. It's like reaching for the hot stove plate again and again, just because it's still cold at the beginning.

This post has been translated automatically