Anybody here ever make money gambling?

   / Anybody here ever make money gambling? #191  
Saw a show on Don Johnson (sp?). A Whale, as they say. He hade millions gambling. Then they barred him.

Apparently you can negotiate the rules for various games and your betting agreements/comps. I didn't know, you could agree to get 20% of your gambling losses back.
 
   / Anybody here ever make money gambling? #194  
Even though Casino games are designed to get your money, there are opportunities if you approach it right.

If you play the games a recreation only you are doomed from the start. Serious gamblers in general stay away from the slot machines, they are a mechanical/electronic monster that can be programmed in more ways than you can think of. They call a push a win for statistical analysis, do not believe the posted % return. Table games have specific odds for each proposition that can only be changed by individual players playing outside the basic strategy for each game. Contrary to common thought what other players do has insignificant effect on what you do.

Simple rules if you want to become serious:

- Learn the games and the odds for different situations, there are plenty of books out there and they explain this stuff and the basic strategy to capitalize on opportunities.

- do not put money on a proposition that has poor odds. 10-1 is not good, 2-1 doesn't increase your bankroll.

- Where allowed, add the max odds bet behind your base bet. A 2-1 proposition; that odds bet pays at the true odds of the proposition.

- get some of the houses money in front of you; increase the size of your bet. You cannot beat the house odds always playing the same bet, you have to use their money against them. This is called money management and is how you beat the house.

- Do not stay at a table if that table is continuing to win. Every one and thing is somewhere on the curve; ie, table, individual spot on the table, the dealer, the house, and you Remember this always based on the bell curve and your place on that curve for that game and that session cannot be changed by any thing you do except leave that table and find one that is on the curve favorable to you.

- The house changes your odds by pumping you full of free booze. Doesn't change you place on the curve but changes how you play it.

- So do not drink alcohol before playing or during playing. A drunk at the table can change a social atmosphere into an antagonistic one quick. Get away quick.

I used to spend a week in Vegas or Reno, gamble, go to shows (work on getting a comp), eat at fine restaurants, take tours, stay in nice hotels, or RV Parks. Get meals, hotel, RV park rent, shows and whatever else; all competed to lure me back to the tables to get their money back. Pay all the bills there plus go home with a few thousand to boot.I primarily played Blackjack and craps. A crap table running in the players favor can stack money up fast. Dies out, leave or they will get it all back.

Only the professional gamblers that have a large bankroll and play almost every day are the big winners. Some day though, you can hit a spot where you pick up $10K (I have once). Quit and send it home to your bank right then. A casual weekend and take home $500 of their money is success for us little guys.

Have Fun, Ron
 
   / Anybody here ever make money gambling? #195  
Serious gamblers in general stay away from the slot machines, they are a mechanical/electronic monster that can be programmed in more ways than you can think of.

I have seen the slots that display in bold graphics '243 ways to win' but do not display how many ways to lose which has to be in the thousands.
They focus on Chinese characters which seems to pull in the punters and have messages such as 'The god of wealth is coming' but fail to state that he is collecting.
 
   / Anybody here ever make money gambling? #196  
My father in law with dementia won $50 and my mother in law won $400 the other day. They're up for the year 2019 several thousand, not to mention the many free small appliances and hotel rooms. They gave us a panini maker for Christmas that they got from the casino. :laughing: Gotta say, it did make some tasty ham sandwiches. :licking:

Then they went yesterday for 7 hours and lost about $50.
 
   / Anybody here ever make money gambling? #197  
.
.
- Do not stay at a table if that table is continuing to win. Every one and thing is somewhere on the curve; ie, table, individual spot on the table, the dealer, the house, and you Remember this always based on the bell curve and your place on that curve for that game and that session cannot be changed by any thing you do except leave that table and find one that is on the curve favorable to you.

- The house changes your odds by pumping you full of free booze. Doesn't change your place on the curve but changes how you play it.

- A crap table running in the players favor can stack money up fast. Dies out, leave or they will get it all back.

Have Fun, Ron

"The curve"?? A table that "dies out"??
I always hated the branch of math called probability that deals with randomness and odds. It always seemed too much like philosophy or religion, and hard to prove unless you roll dice for eternity...but the one thing I did learn, is the odds don't change based on past occurrences*. If you flip a coin 9 times and get heads every time, the odds of heads on the next flip is still 50/50.....so I don't know what you mean the "the curve".

*: It always drives me nuts when sports broadcasters says something like (say) "Green Bay is a favorite because they haven't lost a post-season home game in 25 years" - huh?? What does the 1995 team have to do with the 2020 team? Weird.
 
   / Anybody here ever make money gambling? #198  
The sad thing is that when people when, they often blow it. In the case of gambers, try and win even more or a fancy night on the town. Limos and the whole nine yard.

Like people that succeed in business only to blow it on fancy cars and homes and end up bankrupt.
 
   / Anybody here ever make money gambling? #199  
I came out 4 or 5 bucks ahead of the state's lottery. I have never bought a ticket, but was given 4 or 5 once long ago. Two of those paid off.

The advertisements say "If you don't play you can't win." I figure if I don't play I can't lose.
 
   / Anybody here ever make money gambling? #200  
Google...... World Series of Poker......Brett Apter.
In the past 4 years his documented total winnings are $1,374,222
He is our neighbor's son.
I would say he is doing rather well at gambling.

Plus....he has a very successful online skin care business (DirectDermaCare.com).
Brett is 35 years old, and is a Duke Univ. school of business grad.

There are big differences between Poker and House banked casino gambling.

In poker; players just like you have a limited bankroll, can and do go broke. That is how the competition is eliminated till one winner stands. Casinos have almost unlimited funds for their player, the Dealer, a lot more than the players.

Poker lends itself to players knowledge of odds, psychology, reading other players body language, counting the cards shown, and no mechanical/electronic programming. On counting cards; isn't it strange the state commissions consider counting cards as cheating the casino?

In poker the players decide the maximum bets.

The house odds are not part of the result.

Casinos play 24/7/365 which establishes a good share of the house odds. Us poor slobs need to eat, sleep, and relieve sometime.

These differences change the odds greatly having the house bank as part of the game.

Ron
 

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