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Roulette Why you lose in casino?

Discussion in 'Roulette Forum' started by beat-the-wheel, Mar 5, 2015.

  1. albalaha

    albalaha Active Member Founding Member

    Joined:
    Dec 29, 2014
    Likes:
    122
    Occupation:
    player
    Location:
    India
    @proofreader,
    First of all, there is no official record kept for the maximum consecutive hit but wherever I have heard of it is about 27. Anyways, it doesn't matter much. Casino is not grabbing your hand to bet every spin. Take cash chips, move around casino and bet whenever you want. It is even easier with online gaming. Further, if you like to wait till a 35 spins no show of an EC you may need nine lives to wait to earn just 1 unit. Probability to get one such occasion is one in a few hundred billions.
     
  2. Alan Yasutovich

    Alan Yasutovich Member

    Joined:
    Apr 5, 2015
    Likes:
    0
    Ha Ha.
    This leads to some common thinking. (if it is how you think)
    1) Every decision is independent. So You can't step outside of probability by just watching on the side lines.
    As "Sir anyone" says. If you believe this then you can't believe what you just said. ( But I'm glad you said it).

    I know I told a story about a guy named Victor who played columbs. $15K buy in and $500 on the 2nd two columbs
    once he saw 5 first columbs in a row or something. IT was intuitive. He said he was successful. $200K "war chest".
    If the session was going bad it ended. Etc.

    People who wait for triggers an whatnot are not trying to defy the laws of whatever. Just trying to locate and
    capitalize on obvious, repetitive patterns.
     
  3. Jesper Svensson

    Jesper Svensson Member

    Joined:
    Apr 9, 2015
    Likes:
    1
    We lose (as collective) due to negative expection, and win dispite the same, but got the varance to our favor (if we win). The casiono win all time, players lose most of the time, some win!! Some win much, some lose the shirt!
     
  4. Jesper Svensson

    Jesper Svensson Member

    Joined:
    Apr 9, 2015
    Likes:
    1
    I do not step while gambling, I am expecting to lose, but sometimes the expection do not hold. The long run is the time in infinity. Most of gamblers lose, but NOT ALL, that is proven by math. It is a game of chanse which means the casino Always win, the opponent are a large numbers of players, and the distribution is as the bell, some go small loss, some go Heavy loss, some win a few chips and a wery few got it Heavy, and win. (even Keno and lotto have it, dispite a larger HE).
     

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