Nash ... was 1 out away from nice spot doggy cash ....
worked the count , hit game tying single , then another grounder through the left side to take lead
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127408
Why does the House Always Win?
A Look at Casino Profitability
In gambling, there's one certainty—one thing not left to chance:
The house always comes out the winner in the end.
A casino is a business, not a charitable organization throwing free money away.
Like any other business, it has a business model in place designed to ensure its profitability. THE HOUSE EDGE No matter what game you choose to play, the odds of the casino winning your money
are greater than the odds of you winning the casino's money.
That's because all casino games are designed to provide the house with a built-in edge,
diminishing the chances and the size of potential payouts.
For example, in roulette, the highest payout for a single number bet is 36 to 1.
However, roulette wheels, besides having the numbers 1 to 36, also have a 0 and sometimes a 00 as well.
The true odds of winning are 37 to 1 or 38 to 1, not 36 to 1 that is the most the player can get paid on a bet.
The house edge, the odds advantage in its favor,
represents the average gross profit the casino can reliably expect to make from each game.
On the games with the lowest house edge, the smallest advantage,
a casino might only be generating about a 1% to 2% profit.
On other games, it may make profits of up to 15 %to 25% or more.
The house edge on a 00 roulette wheel is 5.26%.
For every $1 million that's bet at the roulette tables in a casino,
the management expects to pocket a profit of slightly more than $50,000.
The other approximately $950,000 is returned to the bettors. T
he casino isn't aiming to bankrupt a player in one sitting—it just wants to make sure that in the long run,
the players walk out with a little less money than they came in with, leaving money in the casino's pocket.
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127409
Owning a casino or running one would be nice
Comment
stevenash
Moderator
01-17-11
65455
#127410
Originally posted by Fidel_CashFlow
Nash ... was 1 out away from nice spot doggy cash ....
worked the count , hit game tying single , then another grounder through the left side to take lead
Damn.
I once lost a two hundred dollar under bet when a game ending ground ball DP went under the glove of the shortstop into center field for a game winning two run error.
I feel your pain.
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127411
yeah , not a real bad beat or anything , just felt nice being that close to a win
against Scherzer on a spot underdoggy .2 out magic by best team in baseball
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127412
business supplies is not easy to get right now from the suppliers, its a joke
the supply channel for the shop is totally decimated .....
weird times
Comment
stevenash
Moderator
01-17-11
65455
#127413
Originally posted by Fidel_CashFlow
How Players Lose More Than They Expect
Many people who are aware of the house edge
still don't really grasp its implications for their bankrolls.
They believe that the roughly 5% edge the house has
at the roulette table means that they can reasonably expect to sit down
with $100, gamble for a few hours, and the odds are that they will only lose about $5. They fail to understand that the house edge doesn't apply to their starting bankroll, but to the total amount they wager.For example, assume a person is making $5 bets on every spin of the roulette wheel, and the wheel spins 50 times an hour. While he may be winning some bets and losing some bets, he is wagering $250 an hour. If the house edge plays out perfectly, at the end of four hours of play, he loses $50, or 5% of $1,000—an amount 10 times greater than what he had expected from his misunderstanding of the house edge.
I have tried countless times trying to explain this to Corky Morino who regularly lays 40 % no less 5 %
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127414
The Bottom Line
The longer you play, the greater the odds are that the result of your play
will match up with the house edge. In the short term, a player may well be ahead;
over the long haul, the house edge will eventually grind the player down into unprofitability.
Although all the laws of probability are in the casino's favor,
The house edge varies significantly among the different casino games.
The game with the lowest advantage to the casino is blackjack;
if a player follows a perfect betting strategy, the house edge is only 0.5%. At some very liberal casinos, the house edge at blackjack may even be as low as 0.28%.
Craps offers the next lowest edge, 0.8%, followed by baccarat with a 1.06% house advantage.
The smallest edge only applies if the player is playing the odds perfectly, which few people do.
The house edge increases as players wager less expertly.
Roulette remains one of the most popular casino games,
but it carries a high 5.26% edge for the house.
The house edge on slot machines goes as high as 17%; for keno, it is a massive 25%.
Comment
BeatTheJerk
BARRELED IN @ SBR!
08-19-07
31794
#127415
Originally posted by Fidel_CashFlow
The Bottom Line
The longer you play, the greater the odds are that the result of your play
will match up with the house edge. In the short term, a player may well be ahead;
over the long haul, the house edge will eventually grind the player down into unprofitability.
Although all the laws of probability are in the casino's favor,
The house edge varies significantly among the different casino games.
The game with the lowest advantage to the casino is blackjack;
if a player follows a perfect betting strategy, the house edge is only 0.5%. At some very liberal casinos, the house edge at blackjack may even be as low as 0.28%.
Craps offers the next lowest edge, 0.8%, followed by baccarat with a 1.06% house advantage.
The smallest edge only applies if the player is playing the odds perfectly, which few people do.
The house edge increases as players wager less expertly.
Roulette remains one of the most popular casino games,
but it carries a high 5.26% edge for the house.
The house edge on slot machines goes as high as 17%; for keno, it is a massive 25%.
Single zero roulette is 2.5% & is my favorite game & I have multiple strategies I have been putting through the simulator for a while now.
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127416
BrickJames. Set Jerky up on our
high limit roulette table
Comment
wolfmanmeadows
SBR Wise Guy
12-29-20
915
#127417
first you want to be tony montana, now ozark?
Comment
wolfmanmeadows
SBR Wise Guy
12-29-20
915
#127418
Comment
wolfmanmeadows
SBR Wise Guy
12-29-20
915
#127419
Comment
wolfmanmeadows
SBR Wise Guy
12-29-20
915
#127420
Comment
jackpot269
SBR Posting Legend
09-24-07
12842
#127421
Originally posted by Fidel_CashFlow
The Bottom Line
The longer you play, the greater the odds are that the result of your play
will match up with the house edge. In the short term, a player may well be ahead;
over the long haul, the house edge will eventually grind the player down into unprofitability.
Although all the laws of probability are in the casino's favor,
The house edge varies significantly among the different casino games.
The game with the lowest advantage to the casino is blackjack;
if a player follows a perfect betting strategy, the house edge is only 0.5%. At some very liberal casinos, the house edge at blackjack may even be as low as 0.28%.
Craps offers the next lowest edge, 0.8%, followed by baccarat with a 1.06% house advantage.
The smallest edge only applies if the player is playing the odds perfectly, which few people do.
The house edge increases as players wager less expertly.
Roulette remains one of the most popular casino games,
but it carries a high 5.26% edge for the house.
The house edge on slot machines goes as high as 17%; for keno, it is a massive 25%.
There are a few people in the world that make a living beating them!! Casinos ban them from play so they can be beat! But make no mistake about it they don't build Hotel/Casinos that cost Billion + or at least 100's of millions to build because they get beat all the time!! If a person tries a new strategy and it works, by just dumb luck the first time they use it, the next time they will lose the farm thinking its going to work again! We all know there are a 1000 of them! 2 things I do when going to the casino and it works for me maybe not anyone else
1) Only take money I can afford to lose
2)When I get 2X what I sit down with I move on!! If I sit down at a blackjack table and get $200 in chips, if I reach $400 while there I cash out! I don't always get to 2x of coarse but if I don't set a stopping point ill be there until its all gone!!
Comment
BeatTheJerk
BARRELED IN @ SBR!
08-19-07
31794
#127422
Originally posted by Fidel_CashFlow
BrickJames. Set Jerky up on our
high limit roulette table
Bricker set me up with a $25,000 marker pal
Comment
KVB
SBR Aristocracy
05-29-14
74817
#127423
The KVB NCAAF UPSET Basket has added...
209
4-Sep
S MISS +102
Here are the pending in that Fund...
Originally posted by KVB
The KVB NCAAF UPSET Basket has picked up...
137
2-Sep
BOISE ST +155
153
3-Sep
MICH ST +160
157
4-Sep
ARMY +130
217
NEVADA +145
...
Originally posted by KVB
...The KVB NCAAF UPSET Basket has added...
173
4-Sep
INDIANA +160
..
I also wrote this...
Originally posted by KVB
...Also, for that last 13 years straight, the opening play in the UPSET Basket, a market tracking Fund, has lost. So Boise St could be in trouble...
NCAAF Southern Utah /Arizona St over 50
NFL BUCS -1.5
That's 2 teasers with Bucs -1.5 in it .
Comment
BeatTheJerk
BARRELED IN @ SBR!
08-19-07
31794
#127431
Originally posted by Fidel_CashFlow
Got Bucs -1.5 to finish previous teaser
New teaser
2 team 6 point teaser (-110)
NCAAF Southern Utah /Arizona St over 50
NFL BUCS -1.5
That's 2 teasers with Bucs -1.5 in it .
What was the 1st game of the part of the teaser.
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127432
Few days back , opening game
Illinois +13 , they won outright
Comment
Fidel_CashFlow
SBR Aristocracy
12-03-12
53970
#127433
Originally posted by Fidel_CashFlow
2*Team Teaser
08/28/2021 12:20
CF*ILLINOIS*to Win*+13(-109)
You bought 6.5 points
NEBRASKA vs ILLINOIS*09/09/2021 19:20
NFL*TAMPA BAY*to Win*-1(-109)
You bought 6.5 points
DALLAS vs TAMPA BAY
Comment
BeatTheJerk
BARRELED IN @ SBR!
08-19-07
31794
#127434
Originally posted by Fidel_CashFlow
Why do you erase the amount lol. Great start looks solid, easy breezy.