Author Topic: Gambling - Lottery Tickets (Read 20431 times)

robcguns · « **Reply #100 on:** February 09, 2020, 04:44:54 AM »

Quote from: kreator on February 08, 2020, 10:25:23 PM

There‘s a movie with Kevin Spacey about card counting. Have u seen it?

Yeah 21 saw it years ago. my favorite gambling movies are rounders and Mississippi grind and the gambler.

Darren Avey · « **Reply #101 on:** February 09, 2020, 03:14:53 PM »

£226.07 profit this weekend. I ve had worse, 500 down in a weekend and I've had better, 4 grand up over a weekend

Agnostic007 · « **Reply #102 on:** February 11, 2020, 07:33:02 PM »

Quote from: Flexacon on February 07, 2020, 04:38:44 PM

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.

How? I play live games

G_Thang · « **Reply #103 on:** February 12, 2020, 06:56:03 AM »

Quote from: Grape Ape on February 07, 2020, 10:47:02 AM

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?

Arbitrage

Flexacon · « **Reply #104 on:** February 12, 2020, 07:10:21 AM »

Quote from: Agnostic007 on February 11, 2020, 07:33:02 PM

How? I play live games

When you said you use an app I thought you meant to play online, but if you are killing it in life games then you're good to go!

D.O.A. · « **Reply #105 on:** February 12, 2020, 07:27:02 AM »

I never ever gamble or have. I can't even play cards.lol
Stupid way to spend money!
If I need more money I rather do some Extra work.
To each his own..

el numero uno · « **Reply #106 on:** February 15, 2020, 04:45:32 AM »

The joy of gambling is the rush people get when thinking what they would do with the money if they win.

For $1.00 here and there, that's totally fine.

My dad has been spending $1-2 dollars on lottery tickets every week for the last 20 years. That's $1000-2000. I've spent around $1000 in videogames in half the time. :/

stuntmovie · « **Reply #107 on:** February 15, 2020, 08:43:36 AM »

I live in Vegas and visit the LOCAL CASINOS 3 to 4 days each and every week ....... and I have to agree with just about everything ROBO has mentioned regarding casino gambling.

But unlike ROBOGUNS .... I am a damn cheap gambler with a $20 to $40 daily 'risk limit'.

And like Rob I am not a sports gambler and limit my $20-$40 bankroll to blackjack and a couple of slot machines which I think I mentioned earlier ... Buffalo and Kitty Glitter.

I don't keep written records of my wins and losses but I know for a fact that I depart the casino with more $ than I entered that casino about 70% of the time.

So I am ahead financially and still enjoy all the free stuff which includes buffets, drinks, hats, t-shirts, and tons of other shit that the casinos offer to lure me in.

Some GetBiggers say that gambling is similar to 'throwing money away' which may be true for some GetBiggers, but when I lose after a $20 to $40 blackjack session .... I leave that table knowing that I had a good time while some other family members pursue other forms of entertainment in the showroom that will end up costing way more than $40 for the same period of entertainment.

I could spend $40 (if I lost my entire bankroll) for the entertainment I get playing blackjack while others spend $100+ to see some famous singer sing some songs which I can hear on the radio.

(Singers should be heard ... but never seen!)

In other words ....Even though I am a cheap gambler and am always happy when I simply double my 'bankroll' .... I totally agree with Roboguns.

El Diablo Blanco · « **Reply #108 on:** February 15, 2020, 12:24:39 PM »

I gamble every time I fuck a whore

IroNat · « **Reply #109 on:** February 15, 2020, 01:37:43 PM »

We have many successful gamblers on Getbig.

Everybody wins most of the time.

Primemuscle · « **Reply #110 on:** February 15, 2020, 02:46:08 PM »

Quote from: stuntmovie on February 15, 2020, 08:43:36 AM

I live in Vegas and visit the LOCAL CASINOS 3 to 4 days each and every week ....... and I have to agree with just about everything ROBO has mentioned regarding casino gambling.

But unlike ROBOGUNS .... I am a damn cheap gambler with a $20 to $40 daily 'risk limit'.

And like Rob I am not a sports gambler and limit my $20-$40 bankroll to blackjack and a couple of slot machines which I think I mentioned earlier ... Buffalo and Kitty Glitter.

I don't keep written records of my wins and losses but I know for a fact that I depart the casino with more $ than I entered that casino about 70% of the time.

So I am ahead financially and still enjoy all the free stuff which includes buffets, drinks, hats, t-shirts, and tons of other shit that the casinos offer to lure me in.

Some GetBiggers say that gambling is similar to 'throwing money away' which may be true for some GetBiggers, but when I lose after a $20 to $40 blackjack session .... I leave that table knowing that I had a good time while some other family members pursue other forms of entertainment in the showroom that will end up costing way more than $40 for the same period of entertainment.

I could spend $40 (if I lost my entire bankroll) for the entertainment I get playing blackjack while others spend $100+ to see some famous singer sing some songs which I can hear on the radio.

(Singers should be heard ... but never seen!)

In other words ....Even though I am a cheap gambler and am always happy when I simply double my 'bankroll' .... I totally agree with Roboguns.

If you don't keep records how do you know whether you're ahead or not?

Humble Narcissist · « **Reply #111 on:** February 15, 2020, 03:25:24 PM »

Quote from: El Diablo Blanco on February 15, 2020, 12:24:39 PM

I gamble every time I fuck a whore

That's what condoms are for.

stuntmovie · « **Reply #112 on:** February 15, 2020, 04:15:54 PM »

PRIME, I don't keep any gambling win/loss record ... but I do set aside about $500 each month for entertainment purposes which is mainly for the blackjack table and other minor casino bets, and the vast majority of times I end up each month with a bit more than my original 500.

So that 70% figure I mentioned earlier is only a an estimate ... but a damn close estimate!

That is the extent of my record keeping, but I do help a couple of friends and one whale with their Fed Taxes each year and the whale claims that he lost over $50,000 during the last three month of 2019 and wants to write that amount off against his winnings on his tax return.

But he ain't too damn upset because he has a high end player's card gets a complimentary pool side cabana during the summer months plus fine dining for him and his guest throughout the year.

Somehow ... that keeps him happy to keep on losing.

As you may or may not know, the casino has to report any win to the IRS that exceeds $1,200.

And that is why many high-rollers do not use a Player's Club Card.

If he does try to write that $50,000 off the IRS requires him to keep an accurate and precise record every time he sits at a BJ table.

And that record should include casino name, date, time?, and blackjack table number.

Only then is he allowed to deduct his losses from his winnings.

But that loss is limited and cannot exceed his winnings.

OUCH!!

el numero uno · « **Reply #113 on:** February 15, 2020, 04:24:12 PM »

Quote from: IroNat on February 15, 2020, 01:37:43 PM

We have many successful gamblers on Getbig.

Everybody wins most of the time.

The fundamentals theorems of Statistics don't apply to Getbiggers.

Primemuscle · « **Reply #114 on:** February 15, 2020, 04:33:04 PM »

Quote from: stuntmovie on February 15, 2020, 04:15:54 PM

PRIME, I don't keep any gambling win/loss record ... but I do set aside about $500 each month for entertainment purposes which is mainly for the blackjack table and other minor casino bets, and the vast majority of times I end up each month with a bit more than my original 500.

So that 70% figure I mentioned earlier is only a an estimate ... but a damn close estimate!

That is the extent of my record keeping, but I do help a couple of friends and one whale with their Fed Taxes each year and the whale claims that he lost over $50,000 during the last three month of 2019 and wants to write that amount off against his winnings on his tax return.

But he ain't too damn upset because he has a high end player's card gets a complimentary pool side cabana during the summer months plus fine dining for him and his guest throughout the year.

Somehow ... that keeps him happy to keep on losing.

As you may or may not know, the casino has to report any win to the IRS that exceeds $1,200.

And that is why many high-rollers do not use a Player's Club Card.

If he does try to write that $50,000 off the IRS requires him to keep an accurate and precise record every time he sits at a BJ table.

And that record should include casino name, date, time?, and blackjack table number.

Only then is he allowed to deduct his losses from his winnings.

But that loss is limited and cannot exceed is winnings.

OUCH!!

I never looked into the income tax implications of gambling, probably because I don't gamble enough money to cover a dinner out each month. If I remember to buy Megabucks and Powerball tickets for every game in a month, it comes to about $30 total. Lottery tickets are the total extent of my gambling habit.

Since I don't live in Vegas or Reno, getting comped isn't something I think about. Although I have a decent retirement income, I'd never spend $500 a month on gambling whether I could justify it because I was getting free stuff or not. I just don't enjoy gambling that much. To each his own. Everything you say makes sense with regards to considering this your entertainment as long as you'd otherwise actually spend this much on personal amusement. If however, you are merely justifying your gambling expenses, the equation doesn't make sense.

stuntmovie · « **Reply #115 on:** February 15, 2020, 05:55:19 PM »

EL, I have a slight idea of what a mentioned above ... but in my smarter days I was so damn deep into the study of the math involved within the game of CRAPS that it actually led me into the study of basic law of problibility, quantum mechanics, string theory, and all that other incomprehensible shit.

It all started when some older, old time, craps enthusatist told me that the math behind the game was originally 'computed' by the slaves who originally came to the south and worked in the cotton fields.

And if you know the math behind the rolling of a pair of dice, you would wonder how the hell those uneducated slaves figured out the theory of probability without some sort of advanced ed-u-ma-ca-tion.

If 2 to 1, 3 to 2, 6 t0 5, or 9 to 5, 7 to 5, and 7 to 6 makes any sense to you , you'd understand what I'm talking about.

But it took me through 4 years of higher learning to understand what those slaves figured out while pick'n cotton.

Not sure if I responded correctly, but I gave it a try anyway!

Thespritz0 · « **Reply #116 on:** February 15, 2020, 10:51:27 PM »

I live in Vancouver Canada and I'll give you my take on Casinos... for me, I don't gamble other than buying a Hospital Lottery ticket once or twice a year,
but sometimes I'll go especially when they send the 2-for-1 coupons for the BUFFET in the mail... I'll take my Mom or take out a date and enjoy some amazing
food and usually on Friday and Saturday nights they have a live band so it's cool and a diversion from working and working out all week!!!
GREAT to enjoy a full on CHEAT meal!!!!

Humble Narcissist · « **Reply #117 on:** February 16, 2020, 03:34:23 AM »

Quote from: el numero uno on February 15, 2020, 04:24:12 PM

The fundamentals theorems of Statistics don't apply to Getbiggers.

Are you claiming NO ONE makes a profit gambling?

Flexacon · « **Reply #118 on:** February 16, 2020, 05:13:16 AM »

Quote from: Humble Narcissist on February 16, 2020, 03:34:23 AM

Are you claiming NO ONE makes a profit gambling?

Visiting a casino regularly, playing games of chance and not winning some kind of mega jackpot type thing then no.

el numero uno · « **Reply #119 on:** February 16, 2020, 07:29:52 AM »

Quote from: Humble Narcissist on February 16, 2020, 03:34:23 AM

Are you claiming NO ONE makes a profit gambling?

I wrote a post assuming you meant casino games, but deleted it cause you may be talking about sports betting or similar activities.

On casino and lottery games you can make a profit but chances are you won't.

Pretty much every game has a negative expected value, that's it, on average you lose money everytime you play. You may make some money here and there, but in the long run you will lose money.

Humble Narcissist · « **Reply #120 on:** February 16, 2020, 08:12:32 AM »

Quote from: el numero uno on February 16, 2020, 07:29:52 AM

I wrote a post assuming you meant casino games, but deleted it cause you may be talking about sports betting or similar activities.

On casino and lottery games you can make a profit but chances are you won't.

Pretty much every game has a negative expected value, that's it, on average you lose money everytime you play. You may make some money here and there, but in the long run you will lose money.

Of course most will lose money but that's the same with starting a business. I knew Puggy Pearson in Las Vegas, a man who won the World Series of Poker and gambled every day of his life. He left the Navy in the 60's and never had a job afterwards, just gambled. There are those that get rich gambling.

https://en.wikipedia.org/wiki/Puggy_Pearson

Flexacon · « **Reply #121 on:** February 16, 2020, 08:31:33 AM »

Quote from: Humble Narcissist on February 16, 2020, 08:12:32 AM

Of course most will lose money but that's the same with starting a business. I knew Puggy Pearson in Las Vegas, a man who won the World Series of Poker and gambled every day of his life. He left the Navy in the 60's and never had a job afterwards, just gambled. There are those that get rich gambling.

https://en.wikipedia.org/wiki/Puggy_Pearson

He was a professional poker player. The skill element involved in poker can give you an edge.

However there are people on here claiming they are winning in games of chance where the house has the edge.

Humble Narcissist · « **Reply #122 on:** February 16, 2020, 08:37:24 AM »

Quote from: Flexacon on February 16, 2020, 08:31:33 AM

He was a professional poker player. The skill element involved in poker can give you an edge.

However there are people on here claiming they are winning in games of chance where the house has the edge.

Pearson played every game under the sun. He used to drive around Vegas in a van and challenge anyone to bet any game with him. If you had 2 cockroaches and wanted to bet who would win in a race he would take the bet. He made huge amounts of money betting sports and that's how I met him.

As I posted previously, baccarat has a casino edge of 1.5% which is almost nothing. The casino has to deal the cards. The gambler can sit out, bet, change tables, not play at all, or bet using a progressive betting scheme. If he can't win with those advantages he is not cut out for gambling.

stuntmovie · « **Reply #123 on:** February 16, 2020, 09:15:04 AM »

Once again ... I gotta say that HUMBLE knows what he's talking about.

And let me add that the HOUSE EDGE in the game of blackjack can run from .20% (single deck) to .63% in an eight deck game ... providing you know Basic Strategy apply it ..... and if you avoid sitting at any table that only pays 6-5 0r even money when you get a blackjack.

And now the casinos along the Strip are even taking advantage of dumb blackjack players by employing continuous shuffle machines.

The House Edge of .20% to .63% is a damn low House Edge in any casino .... and in 'most' cases during an hour or two of play, you can count your chips and notice that you're ahead .... and cash in/out.

As another GetBigger has already stated ... The house always has the advantage!

And that's true ... but you can cash in and leave that table at any time ... and the casino cannot!

As some country singer once said ... 'You gotta know when to fold 'em!"

And that's great advice for anyone who enjoys gambling in a casino!

Set you loss limits and .... Quit while you're ahead!

One last comment .... It's a well known fact that the majority of the so-called craps and blackjack authors who write books which explain how to win casino games .... have to write those books to cover their losses!

Last note: the House Edge for slot machines usually runs from 5% to 15%.

Flexacon · « **Reply #124 on:** February 16, 2020, 11:40:57 AM »

Quote from: Humble Narcissist on February 16, 2020, 08:37:24 AM

Pearson played every game under the sun. He used to drive around Vegas in a van and challenge anyone to bet any game with him. If you had 2 cockroaches and wanted to bet who would win in a race he would take the bet. He made huge amounts of money betting sports and that's how I met him.

Lots of skilled gamblers know how to win, that's the easy part. Sticking to a staking plan and not gambling out of boredom or because of "emotions" is the hard part.

As I posted previously, baccarat has a casino edge of 1.5% which is almost nothing. The casino has to deal the cards. The gambler can sit out, bet, change tables, not play at all, or bet using a progressive betting scheme. If he can't win with those advantages he is not cut out for gambling.

[/b]

Just lol. None of that makes any difference. It's purely gamblers fallacy. Each time you go to place a bet regardless of the situations you describe, the house still has an edge, even when you introduce card counting in the equation. You basically need an eidetic memory to have a chance.

Out of curiosity, if you're on the baccarat table what's your go to bet?