Gambling - Lottery Tickets

[Flexacon]

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!

If you're hitting the casino regularly then this makes no difference. Again more gamblers fallacy. There is no difference between leaving the table and coming back next week vs staying on the table.

[6 Reps]

Have been buying Powerball, Mega Millions, and California Super Lotto tickets regularly for years.  My playing began when a guy in the office I worked at once won the California Super Lotto.  I spend about $40-$50 a week, which sounds like a lot, but I can afford it.  The most I've ever won was a few hundred dollars.

Over the years I seen people do crazy purchases.  Numerous times I would be in line to buy tickets and the person in front of me would buy $50-$100 worth.  The worst was one time there was one of those gigantic Mega Millions jackpots, about half a billion dollars, and the person in front of me bought $300 worth of tickets.  He, nor any of the other $50-$100 players, did not win.

[Flexacon]

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!

They probably had slaves throw dice several hundred if not thousands of times, maybe even with several different types of dice and had them record and tally it all to test those odds.

[Humble Narcissist]

If you're hitting the casino regularly then this makes no difference. Again more gamblers fallacy. There is no difference between leaving the table and coming back next week vs staying on the table.

That's why you keep records.  This eliminates the gambler's fallacy.

[Humble Narcissist]

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%.

It's obvious how some on here think that since they can't do it then it can't be done.

[Flexacon]

That's why you keep records.  This eliminates the gambler's fallacy.

Post your records.

Or at least answer the previous question regarding your preferred baccarat bet.

[Humble Narcissist]

Post your records.

Or at least answer the previous question regarding your preferred baccarat bet.

Yeah, I'm going to scan my records from a paper tablet for you to see.  I don't care if you believe me or not.  Enjoy not gambling.

[Flexacon]

Yeah, I'm going to scan my records from a paper tablet for you to see.  I don't care if you believe me or not.  Enjoy not gambling.

Take a picture of a few pages of your records and post it. That's not too difficult.

Why are you avoiding the baccarat question though?

[Primemuscle]

Have been buying Powerball, Mega Millions, and California Super Lotto tickets regularly for years.  My playing began when a guy in the office I worked at once won the California Super Lotto.  I spend about $40-$50 a week, which sounds like a lot, but I can afford it.  The most I've ever won was a few hundred dollars.

Over the years I seen people do crazy purchases.  Numerous times I would be in line to buy tickets and the person in front of me would buy $50-$100 worth.  The worst was one time there was one of those gigantic Mega Millions jackpots, about half a billion dollars, and the person in front of me bought $300 worth of tickets.  He, nor any of the other $50-$100 players, did not win.

I could afford to waste $40-$50 a week on lotto tickets too. But I don't.  I spend the minimum on each of two games, Megabucks and Powerball. Guess what, it is still a gamble. I might win a bundle or I most likely will lose my meager wager. The odds of winning the Powerball jackpot are 1 in 292,201,338. The odds of wining Megabucks are one in 12,271,512. I guess I pay to dream.

[Humble Narcissist]

Take a picture of a few pages of your records and post it. That's not too difficult.

Why are you avoiding the baccarat question though?

No I don't need to post anything for you and you wouldn't believe it if I did.  What baccarat question are you talking about?  My go to bet?  What does that even mean?  I assume you are talking about what % wins for banker and player.  Banker has a slight edge.  Has little to do with the systems I use.

[el numero uno]

That's why you keep records.  This eliminates the gambler's fallacy.

Huh? Recording the events doesn't eliminate gambler's fallacy.

Gambler's fallacy is when you think independent events are being affected by the frecuency of previous events.

Like, you flip a coin several times and heads show up five times in a row, and then you conclude that since the Probability of heads/tails is 50/50, the next flip is more likely to be tails, to make up for the high frequency of heads.

[Humble Narcissist]

Huh? Recording the events doesn't eliminate gambler's fallacy.

Gambler's fallacy is when you think independent events are being affected by the frecuency of previous events.

Like, you flip a coin several times and heads show up five times in a row, and then you conclude that since the Probability of heads/tails is 50/50, the next flip is more likely to be tails, to make up for the high frequency of heads.

You are right, I was talking about people who only remember the wins and not the losses.  Very common with sports bettors.

[Flexacon]

No I don't need to post anything for you and you wouldn't believe it if I did.  What baccarat question are you talking about?  My go to bet?  What does that even mean?  I assume you are talking about what % wins for banker and player.  Banker has a slight edge.  Has little to do with the systems I use.

You must be invested in some casinos stock or something. That's the only explanation that would make sense.

[SF1900]

The average every day gambler is likely always in a deficit.

Obviously, this does not apply to professional gamblers.

[joswift]

justplanejane staying out of this thread so he doesn't give the game away, poker face..

[SF1900]

You are right, I was talking about people who only remember the wins and not the losses.  Very common with sports bettors.

Cherry picking fallacy.

[Thespritz0]

I won a complete Air Canada luggage set on the local Hospital Lottery here in Canada, other than that just a 2 day trip...

[Thespritz0]

However I DO know of someone who won the Canadian 6/49 "Extra" prize of $500,000 and bought a house in Nanaimo, B.C. Canada

[Notomorrow]

You can always find a low level kid employee working the floor, make a deal with him that he will watch the slots and see which ones have been played the longest without hitting anything big. Agree to give him a cut of the winnings if he watches and finds one that is about to burst and let's you know. But this would be illegal and I do not advocate this.

[Humble Narcissist]

Now that there are no sports to bet on because of the mass hysteria of Coronavirus I have been playing online baccarat all weekend.