Comments on: Can Anyone Reveal What They Know Of Casinos’ Secrets?

By: Ima McHottie

Ima McHottie — Tue, 28 Jul 2009 08:29:24 +0000

It is purely an issue of math. Over time the casino makes plenty of money without cheating from the odds of the games alone.

By: H T5

H T5 — Tue, 28 Jul 2009 08:08:12 +0000

the secret is…. if you gamble then you’re an idiot…how’d you think they built Las Vegas?…from losers money that’s where from.

By: Vanguard

Vanguard — Tue, 28 Jul 2009 07:31:27 +0000

I only know of two areas… In Blackjack many casinos force the staff to follow a rigid system on when to take an additional card and when to stand. This is based simply on probability to help the house win.
As for odds of winning, in Oz many poker machines or ‘one arm bandits’ return 99% or 99.5% of the money to the player. You might come up every now and then but in the long run, again, the house wins.

By: qurious

qurious — Tue, 28 Jul 2009 07:03:08 +0000

The most general but overall explanation is this:
Casinos always give money to its players, that’s correct. This is why you see some peolple win sometimes. However, either through computers (new system), or through mechanical adjustments (previous system), the percentage that casinos will give back to their customers is fixed. Let’s say 10% or 15%, maybe even not that high. The rest, betwen 85% and 90% always remains to Casinos. This is why they remain legal in front of governments’ eyes. The players try to win within their share of 10-15%. The best they win what they lost (just money wise, time and energy is gone anyway) and they are break-even, the worst they are addict to gamble and try to convince everyone including themselves (which is the worst kind) that they are playing for fun, or they are about to beat the Casinos. The challenge is not against an intelligence or against a problem to be solved, but it is against a system:
If you win great amount for once you will go back to either to make greater money, or because you win it easily so you do not mind to lose it. Alternatively, if you constantly lose, you continue to visit Casinos to recover the money you’ve lost.These are the great rules of Casino system. And in the long term no one wins from Casinos; but Casinos are always the great and only winners.
You can always test any of part of above statement in any way you like: make a serious research, observe, play or ask someone who has experience in this field. I am telling this as a result of an objective analysis, not my personal feelings.
If you ask my personal feeling, which is not the answer of your question I know, is this:
People should not gamble anything more than afford, for the sake of themselves, their loved ones, or simply as a principle of value. Think about how many people would be freed from suffering if we did not spend these money on Casinos, or if we gave value to other people than Casinos. I know some people tend to defend this action as following: “I earn money, I decide what to do with it” or “Life is gamble itself, who knows we are not going to die tomorrow.”These are true, but at the same time rubbish statements my friend. And how disgraceful.

By: epic_lay

epic_lay — Tue, 28 Jul 2009 06:47:32 +0000

On every game in the casino, be it slots, blackjack, craps, roulette, baccarat, the casino has a slight advantage. In some games, the casino edge is huge. In other games, the casino edge is small.
These small mathematical edges reap huge rewards in the “long run”. Anyone can get lucky and win in the “short term”, which is why people keep going back. But eventually, their luck will run out and the mathematical probabilities will prevail, and they will lose.
The casino does not have to affect outcomes of dice or cards or alter cards, because they don’t have to. The cards and dice have no memory. The outcomes are all random, but the games are such that the mathematical probabilities in the long run will turn a profit for the casino.

By: Jeff

Jeff — Tue, 28 Jul 2009 06:07:59 +0000

As far as the house trying to ‘affect’ the outcome, that’s called a rigged game. If a modern casino were caught trying to rig a game, they would be shut down and the owners arrested.
But, if the probabilities and pay tables are explained in advance, and the game is left to pure chance, there are still ways for the house to make its money.
Give you a simple example: We play a game of ‘toss the coin’ a few hundred times. Here are the rules:
Every time it comes up heads, I win and get 50 cents from you.
Every time it comes up tails, you win and I pay you 49 cents.
Even though the coin is a fair coin, and you win 50% of the time, I’ll still end up with all your money.
There are two games in which you do not play against the house: The Sports Book, and Poker.
Both work the same way: You’re betting against other players. The house doesn’t care who wins; as long as it gets to take its cut of the pot before handing the winnings over to the lucky player.

By: diggerfo

diggerfo — Tue, 28 Jul 2009 06:07:22 +0000

There are no secrets to winning any games at any casino. It’s all a matter of being in the right place at the right time, playing the right game with the right bet. Sometimes you win, sometimes you lose. The biggest secret, just have fun and set a budget.