Gambling - Lottery Tickets

[MAXX]

The poorest people buy lottery tickets. I find no thrill in gambling because I understand basic math.

Exactly.

[Flexacon]

the only way you can get 99% positive is to play the difference between 2 bookies which is time consuming and you need lay 2 big beats to get the 1-2% return.  you could look at it as part of your portfolio. anyway i was up almost 4k at 5dimes but cashed out. just left $14. i just don't have the time.  either you do it casually or gamble.   

This was very easy to do online 10 years ago. Guys who were doing it 20 years made 7 figures.

Try do this now online with most bookies and they have software that will spot your betting patterns and they will stop taking your bets.

[Flexacon]

If you middle two bookies and lose, you still pay vig, no?

For instance, if the total is 44 with one, and 46 with the other, bet $100 over 44, $100 under 46, hoping to middle.  Unless it's 45 or a push, you lose $10.

Or is that not what you meant?

You guys have it slightly different in the US, but here is how I would it.

I'd try find a bookie offering under 46 at evens and another offering over 44 at evens. I'd then pray the total was 45 so both bets win. Alternatively I'd look for a lay market for the score being exactly 45 and placa lay bet. eg placing a big bet for the score to not be 45 at very small odds. This gives me a guaranteed profit.

This kinda betting opportunity is as rare as hens teeth these days though.

[robcguns]

Exactly.

Math is my thing and so is gambling.Let me tell you there is no better feeling in the world than placing big bets at a casino and riding the wave.Nothing else compares.

[Grape Ape]

You guys have it slightly different in the US, but here is how I would it.

I'd try find a bookie offering under 46 at evens and another offering over 44 at evens. I'd then pray the total was 45 so both bets win. Alternatively I'd look for a lay market for the score being exactly 45 and placa lay bet. eg placing a small bet for the score to not be 45. This gives me a guaranteed profit.

This kinda betting opportunity is as rare as hens teeth these days though.

That makes sense, thank you for answering.

Here, most bets have a 10% vig attached....so if a book balances its bets, it would still make $.

I haven't heard the term "evens" but that feels like no vig.

[funk51]

years back i used to blow a whole dollar a week on the pick six wildcard. picked 5 out of 6 numbers 3 times became so aggravated the third time quit for good.i won 850, 1300 and 1100 dollars on the three wins. the third time the number i missed was 15 i picked 14 that ended it. would have won a couple million except for one digit.

[Flexacon]

That makes sense, thank you for answering.

Here, most bets have a 10% vig attached....so if a book balances its bets, it would still make $.

I haven't heard the term "evens" but that feels like no vig.

I think evens is no vig. 2.0

I may be wrong with my use of terminology as I didn't bother much with US bookies as they were generally very stingy with their odds. Pinnacle was the only one worth using.

[SOMEPARTS]

Math is my thing and so is gambling.Let me tell you there is no better feeling in the world than placing big bets at a casino and riding the wave.Nothing else compares.

Sounds a lot like a guy I knew talking about his old heroin habit....

[DooM_]

i know of several people who have lost everything gambling . . .

[Primemuscle]

My mother has hit 1000.00 on scratch off,she goes to atlantic city 2x month all comped and vegas  4x yr all comped..her and her hussband have hit 4000k to 15k many times ..they are crazy.

A friend of mine won $3,000 playing the machines at a bar. Everyone thought it was great. I wondered how much it cost him to win. Gambling rarely pays off which is why I don't do it, except for the occasional $1 Megabucks or $2 Powerball tickets. I once won $40 on Powerball. Yippee!

[Primemuscle]

Isn’t the stock market gambling a well?

Yes. I think that's why I cashed out my investment in it at a loss. -Couldn't take the stress and worry about what was happening to my money. I like a sure thing. So now, that money is in a high yield savings account with my bank.

[Primemuscle]

The poorest people buy lottery tickets. I find no thrill in gambling because I understand basic math.

Not always the poorest people. I consider it entertainment. Fantasizing about being super rich is worth spending a buck on every now and then.

[MAXX]

Math is my thing and so is gambling.Let me tell you there is no better feeling in the world than placing big bets at a casino and riding the wave.Nothing else compares.

doesn't make any sense....

you dont beat the bank unless counting cards, and by then it's not gambling anymore.

[Primemuscle]

doesn't make any sense....

you dont beat the bank unless counting cards, and by then it's not gambling anymore.

And if you get caught:

"If you get caught cheating in a Nevada casino, you could be charged with a felony. Those convicted may receive anywhere from one to six years in jail and/or a fine of up to $10,000. They will also have to pay restitution to the casino. In Nevada, once a casino has detained and questioned an alleged cheater and found evidence of wrongdoing, they hand the case over to police. Financial crimes units typically take on casino cheating cases."

However, counting cards is not technically illegal unless you utilize a machine or an accomplice. People who get caught counting cards can be arrested for trespassing if they had previously been given a no trespass citation by the casino. It is certain you will be 'inconvenienced' by casino security if caught counting cards.

[Agnostic007]

I used to play poker for years but hadn't played in a while. Moved 15 minutes away from a Hard Rock Casino with a poker room that is pretty nice. They run promotions all the time. I decided I wanted to get back in it but didn't feel confident after a long layoff so I asked a player I respect recommend a book for the $1-2 $2-5 no limit level. After studying the book I started playing in August. Few times a week. I downloaded an app to keep track. Just on promotions like high hand or hot seat I'm up $3100 for 2019 (That money is taxed ) but I'm averaging $2000 a month positive. Ive logged a lot of hours and know most of the regulars now. It's fun and supplements my retirement. I play about 4 days a week now, some weeks less. I treat it as a hobby with the potential to pay off. I buy in for $200. If I lose it I quit for the session.   

[Flexacon]

I used to play poker for years but hadn't played in a while. Moved 15 minutes away from a Hard Rock Casino with a poker room that is pretty nice. They run promotions all the time. I decided I wanted to get back in it but didn't feel confident after a long layoff so I asked a player I respect recommend a book for the $1-2 $2-5 no limit level. After studying the book I started playing in August. Few times a week. I downloaded an app to keep track. Just on promotions like high hand or hot seat I'm up $3100 for 2019 (That money is taxed ) but I'm averaging $2000 a month positive. Ive logged a lot of hours and know most of the regulars now. It's fun and supplements my retirement. I play about 4 days a week now, some weeks less. I treat it as a hobby with the potential to pay off. I buy in for $200. If I lose it I quit for the session.   

If this is true I'd stop whilst I was up.

You could be a really good  player, but all it takes is someone to come along with some basic poker playing software and they'd clean up.

[Flexacon]

doesn't make any sense....

you dont beat the bank unless counting cards, and by then it's not gambling anymore.

Counting cards aint easy. People who can do it all in their head tend do it just for fun or the challenge. Usually these people are highly intelligent and they don't need money. It's still gambling, just you have the edge now.

Also as prime has explained it's a bitch if you get caught. It's really not worth it

[Irongrip400]

I gamble three ways.

1. Craps

2. Roulette

3. Farting when I’m not sure if shit will come out

I’ve lost at all three.

[robcguns]

doesn't make any sense....

you dont beat the bank unless counting cards, and by then it's not gambling anymore.

When I play blackjack I count cards but not perfectly but it does give me an edge.I meant I’m extremely good at math and always have been and I like to gamble so even though I’m great at math I love gambling.Ive been on a very good run for the last 6 weeks as well.Been 13 times and won 12 out of 13.So now I’m taking another little break.for a regular guy I gamble a lot time and money wise and in my life it has worked out for the best.i just get great runs and I will bring someone Witt me once in a whirl and they pretty much lose everytime and I’m usually winning.Just a for instance last time I went a couple days ago I went in 8k and was down to 500 in an hour or so.Then on my last 500 bet I went on a streak and turned 500 into 16k in 6 bets In 10 min.Im not bragging just letting people know this is what I do a lot.Its a blast.

[MAXX]

When I play blackjack I count cards but not perfectly but it does give me an edge.I meant I’m extremely good at math and always have been and I like to gamble so even though I’m great at math I love gambling.Ive been on a very good run for the last 6 weeks as well.Been 13 times and won 12 out of 13.So now I’m taking another little break.for a regular guy I gamble a lot time and money wise and in my life it has worked out for the best.i just get great runs and I will bring someone Witt me once in a whirl and they pretty much lose everytime and I’m usually winning.Just a for instance last time I went a couple days ago I went in 8k and was down to 500 in an hour or so.Then on my last 500 bet I went on a streak and turned 500 into 16k in 6 bets In 10 min.Im not bragging just letting people know this is what I do a lot.Its a blast.

But if you are able to count cards then it's not gambling anymore. Gambling is when the odds are stacked against you.

Say you are able to count cards which turns to odds in your favour by 54 vs 46, or something like that. Then it's not "gambling" anymore because you know in the long run you will win.
Just like the casinos knows in the long run, they will win so it's not gambling for them, it's a business. Their profit is anything from 2% to 10% of the money put in, based on the game played. Because the odds are usually anything from 52vs48 to 60vs40 in their favour.

So for every 1000$ put in they, the casino makes 20-100$. Knowing this, a reasonable person will not go to a casino. Only dumb unecated low IQ folks do.

Unless it's a game without bank and even odds like texas hold em, but then it's not gambling, because it's a skill, a sport.

[Flexacon]

But if you are able to count cards then it's not gambling anymore. Gambling is when the odds are stacked against you.

Say you are able to count cards which turns to odds in your favour by 54 vs 46, or something like that. Then it's not "gambling" anymore because you know in the long run you will win.
Just like the casinos knows in the long run, they will win so it's not gambling for them, it's a business. Their profit is anything from 2% to 10% of the money put in, based on the game played. Because the odds are usually anything from 52vs48 to 60vs40 in their favour.

So for every 1000$ put in they, the casino makes 20-100$. Knowing this, a reasonable person will not go to a casino. Only dumb unecated low IQ folks do.

Unless it's a game without bank and even odds like texas hold em, but then it's not gambling, because it's a skill, a sport.

Sir please, you can not make up your own definition for words.

What you describe is still gambling. The most accurate description for it would be advantage gambling or advantage play.

[Humble Narcissist]

The poorest people buy lottery tickets. I find no thrill in gambling because I understand basic math.

Sure the casino has a slight mathematical advantage but a smart gambler has every other advantage.

[sync pulse]

i've lost about 85% of my wealth at casinos

I went to a psychologist for a while to help me deal with abuse from my Mother...At the end of the very first session he told me, "I can tell you right now that you particularly should avoid casinos...and this advise is good for the rest of your life."

[robcguns]

But if you are able to count cards then it's not gambling anymore. Gambling is when the odds are stacked against you.

Say you are able to count cards which turns to odds in your favour by 54 vs 46, or something like that. Then it's not "gambling" anymore because you know in the long run you will win.
Just like the casinos knows in the long run, they will win so it's not gambling for them, it's a business. Their profit is anything from 2% to 10% of the money put in, based on the game played. Because the odds are usually anything from 52vs48 to 60vs40 in their favour.

So for every 1000$ put in they, the casino makes 20-100$. Knowing this, a reasonable person will not go to a casino. Only dumb unecated low IQ folks do.

Unless it's a game without bank and even odds like texas hold em, but then it's not gambling, because it's a skill, a sport.

Counting cards is not 100% certain at best I’d say by yourself without a team would give you 1-2% advantage so it’s still gambling.

Sir please, you can not make up your own definition for words.

What you describe is still gambling. The most accurate description for it would be advantage gambling or advantage play.

Exactly.

[XFACTOR]

Have you won more than you lost or vice versa?

You will never hear a gambler say they lose, ever.

I go to Vegas quite a bit, which is the only place I gamble. I'm definitely down over the many years but I'm good with losing a bit and taking my comps everywhere.  Love the temporary action and adrenaline of playing big hands. The ROI is there for me