| Author |
Message
|
| Benjamin |
 Posted: Fri Mar 25, 2005 7:33 pm Post subject: Poor Investment, Good Return! |
 |
|
Administrator
|
I did pretty well at the casino tonight so paying this months rewards won't hit so hard!!  |
|
| Back to top |
|
 |
| freeye |
| Posted: Fri Jun 03, 2005 9:21 am Post subject: |
|
|
Investing Manager
|
| did you do well at the blackjack tables, slots or something else all together different!? |
|
| Back to top |
|
|
| Dave Rathbun |
| Posted: Fri Jun 03, 2005 11:31 am Post subject: |
|
|
CFO
|
I'm a blackjack fan myself. It's about the only game the house can skew the odds in their favor.  |
|
| Back to top |
|
|
| freeye |
| Posted: Fri Jun 03, 2005 1:52 pm Post subject: |
|
|
Investing Manager
|
the odd thing is about playing blackjack in the casinos... if you do it extremely well the casino will ask you to leave the casino.
seems like an enterprising casino should take a number of the really good players or teams of players and let them play with the an agreement of some kind that may enable the casino to profit from the excellent card playing.
e.g. hand out or sell tickets to some of the guests to watch or place bets on how much the professional players will win.
some of the black jack tournaments on cable are headed in that general direction. |
|
| Back to top |
|
|
| Dave Rathbun |
| Posted: Fri Jun 03, 2005 2:01 pm Post subject: |
|
|
CFO
|
It's true about any game. If you do extremely well, they can ask you to leave. But blackjack is the one game (depending on the house rules) where you stand a chance to at least break even for your entertainment dollar.
Even that's starting to slip. Some casinos are paying 4 for 3 (or even straight up even money) payouts on blackjack instead of 3 for 2. Suppose that over a 24 hour period there are 1,000 blackjacks paid out at an average bet of $10, that's $1,670 extra in the casino books. (3-2 on $10 pays $15, 4 for 3 pays $13.33) Take that times 365 days and that's a cool $609,550 per year straight to the bottom line with a simple rule change. |
|
| Back to top |
|
|
| blackfoxtrade |
| Posted: Sun Jun 05, 2005 10:04 am Post subject: |
|
|
Associate
|
US casinos all have cameras. We all know that, but what most people don't know is that these cameras are used to prevent good players from entering the casino. The casino industry has a central database, where they have pictures of everybody who has ever been in a casino. If you win, they will kick you out of the casino and put up your picture in the database "bad boys" list. And it doesn't help if you wear new glasses or a beard to hide your identity, the camera still recognises you.
That's why casinos do so well  |
|
| Back to top |
|
|
| soma |
| Posted: Sun Jun 05, 2005 10:07 am Post subject: |
|
|
Investing Sr. Associate
|
Woah, that's kind of creepy. Big brother is watching you (losing your money at the casino  ) |
|
| Back to top |
|
|
| raspberry24 |
| Posted: Sat Jun 11, 2005 6:32 am Post subject: CasiNO |
|
|
Member of the Month
May
|
I don't like casinos. I work too hard for my money to just hand it to someone else. You are so much more likely to lose than win.
People don't really understand probablity. For example, In roulette, People think that if a number comes up that it won't come up again for a while. Each time the ball is rolled the numbers have the same probability of coming up each time. If a number has a 1 of 20 chance of coming up, it has the same chance each time the game is played
I was playing a game called greedy with my 6th grade students. All students stand up. I roll a die and all students start out with that amount of points. After the first roll, they decide if they woul like me to keep rolling for more points(each roll is added). If they sit down they keep the points. If They stay standing, I keep rolling and they keep adding the points. If a 2 comes up, and they are standing they get no points. Once a 2 comes up that is the end of that round. 5 rounds are played and the scores are totaled.
Because the die is 6 sided, each time it is rolled there is a 1 out of 6 chance that a given number will be rolled. Just because you roll a 3, it doesn't mean it can come up again on the next roll. When you roll a die 100 times, you should get each number about 1/6 of the time.
O.K........ class we have all had our Math lesson for the day. |
|
| Back to top |
|
|
| chahsiubow |
| Posted: Sat Jun 25, 2005 5:05 am Post subject: |
|
|
Investing Sr. Associate
|
| The casino near Syracuse, NY, I only play Blackjack. All the wheel games, guessing games all have horrible odds (my roommate and I sat there and figured out the odds of all the games before we started to play). All the college students go there since you only have to be 18 and they have $1 and $5 games, so they jacked up the odds like crazy. I don't remember what the best odds games were, but I think it was BJ, craps, i think roulette, and there was something else according to Travel Channel. |
|
| Back to top |
|
|
| Im Not Warren Buffett |
| Posted: Tue Nov 29, 2005 9:28 am Post subject: |
|
|
CFO
|
| Theres a reason there are so many casinos in the US: they rake in money. They don't exist to enrich people who come in. |
|
| Back to top |
|
|
|
|
 |
| geb9696 |
| Posted: Tue Nov 29, 2005 12:02 pm Post subject: |
|
|
Investing VP
|
| If you play blackjack perfect. Then the house has a slight edge in the odds. Now counting cards, which is perfectly legal, is where the player starts to gain an advantage. The advantage comes from the payout for blackjack. The fact that is normally pays 3 to 2 means that when the count is higher, meaning that less small cards remain, blackjack is more likely. If the dealer gets blackjack you lose the same as any other hand but if the player gets it you get 150% of your bet. Only through card counting can a player gain an advantage over the house. |
|
| Back to top |
|
|
| vetelmo |
| Posted: Tue Nov 29, 2005 3:46 pm Post subject: |
|
|
Moderator
|
| blackfoxtrade wrote: | US casinos all have cameras. We all know that, but what most people don't know is that these cameras are used to prevent good players from entering the casino. The casino industry has a central database, where they have pictures of everybody who has ever been in a casino. If you win, they will kick you out of the casino and put up your picture in the database "bad boys" list. And it doesn't help if you wear new glasses or a beard to hide your identity, the camera still recognises you.
That's why casinos do so well |
Thats ridiculous. My sister and father are both avid gamblers and goto Vegas and Tahoe a few times a year. My father has won big several times but not like my sis'. She has won hefty amounts of money and recieves crap in the mail from them inviting her back and giving a crap load of freebies to entice her, along with calls for free upgrades for the rooms.
That would be a marketing nightmare for the casino industry to deny legitimate winners entry to their establishment. |
|
| Back to top |
|
|
| geb9696 |
| Posted: Wed Nov 30, 2005 12:57 pm Post subject: |
|
|
Investing VP
|
| an8skate wrote: | | blackfoxtrade wrote: | US casinos all have cameras. We all know that, but what most people don't know is that these cameras are used to prevent good players from entering the casino. The casino industry has a central database, where they have pictures of everybody who has ever been in a casino. If you win, they will kick you out of the casino and put up your picture in the database "bad boys" list. And it doesn't help if you wear new glasses or a beard to hide your identity, the camera still recognises you.
That's why casinos do so well |
Thats ridiculous. My sister and father are both avid gamblers and goto Vegas and Tahoe a few times a year. My father has won big several times but not like my sis'. She has won hefty amounts of money and recieves crap in the mail from them inviting her back and giving a crap load of freebies to entice her, along with calls for free upgrades for the rooms.
That would be a marketing nightmare for the casino industry to deny legitimate winners entry to their establishment. |
He is right. Normally the people who recieve comps are the people who win alot of money or spend a huge amount in the casinos. The list and data base the the first post is talking about mainly consists of mobsters, cheats, and well known card-counters. |
|
| Back to top |
|
|
| Im Not Warren Buffett |
| Posted: Sat Dec 03, 2005 12:07 pm Post subject: |
|
|
CFO
|
| Comps go to people with alot of money who win big not because the casinos feel generous and want to reward them, but because they know if they treat those people right they will come back and offer the casino more opportunities to get into their pocketbook. It is a business, remember that. |
|
| Back to top |
|
|
| frusnak |
| Posted: Sat Dec 03, 2005 12:59 pm Post subject: |
|
|
CFO
|
| geb9696 wrote: | | If you play blackjack perfect. Then the house has a slight edge in the odds. Now counting cards, which is perfectly legal, is where the player starts to gain an advantage. The advantage comes from the payout for blackjack. The fact that is normally pays 3 to 2 means that when the count is higher, meaning that less small cards remain, blackjack is more likely. If the dealer gets blackjack you lose the same as any other hand but if the player gets it you get 150% of your bet. Only through card counting can a player gain an advantage over the house. |
I agree you can win at black jack if...
1. You play the house rules
2. You count cards..You better have photo memory because they use 5 or more decks now
3. Do not take the free booze the pump you with
4. Find a unlucky dealer and stay with him/her
When I was in Vegas in the early 70's they only used three decks, I looked for a dealer that was getting trays of chips and followed him when ever they gave him a break, which was often because of the bad luck |
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
