Today’s topic comes from Facebook. A friend of a friend posted that he was leaving Las Vegas happy because he left victorious. He won all three rounds of roulette and was done.
I was tempted to write a reply asking if he had played all 37 numbers on each spin. This will guarantee he “wins,” depending on the definition of winning that particular round.
Or, he can bet red on three consecutive rounds and get a red number every time it comes up. The odds are around 11.5% that he will win all three visits agenpoker303.
My question is, is this really why someone comes to Las Vegas if they come to gamble? There is much more to do here than to gamble. I realize a lot of people don’t realize this. They think those of us who live here should live above one of the casinos!
We have beautiful hiking trails, and Lake Mead for boating or fishing. Most of every casino on the Strip has non-gambling attractions nowadays. You can see dolphins, sharks and tigers. You can ride the roller coaster and the ferris wheel. You can catch the evening show or shop at a different mall every day. So, if you don’t want to gamble, you don’t have to bet.
My philosophy is that casino gaming is a form of entertainment. The costs vary considerably in it. You go to the movies, you know tickets and drinks will cost you $ 20- $ 25. At a casino, you might win, you might lose big or break even.
I have no doubt your overall enjoyment of entertainment will have a lot to do with how you do it. But, I know myself there are nights where I won $ 20 and had less fun than nights I lost $ 10. If you play table games, the social experience can play a big part in how much fun you have.
However, if your only goal is to leave a winner, then this isn’t as hard as it sounds. You just have to understand that if this is your goal then your entertainment value may not be that high because you probably won’t be in the casino for too long.
So, here’s the big secret. Starts with $ 10. A $ 1 bet on red or black or odd or even. When you run out of money, you leave behind a winner. When your $ 10 is gone, you’re done and you’ll be hurt.
With this strategy, you will win 88% of the winners! What else can you ask for? You’ll be able to brag to all your friends (on Facebook, of course) that you went to Las Vegas and you left the winnings 8 out of 9 times!
You should realize that you will finish in one lap 48% of the time. You will finish in 10 or less rounds about 75% of the time. This will be your winner mostly – unless you lose 10 times in a row!
You’ll be there for 11-50 additional spins 20% of the time. You will win some of them, but most of these will lose. The final 5% will last longer than 50 turns. The good news is that you will get your money’s worth. The bad news is that most of them will be losers.
Every now and then you will have a winner from this long session. The longest session takes more than 300 rounds to complete. It just shows how long you can potentially play for just $ 10 (or ten times the table minimum). Some of you may be wondering how I can write about winning 8 out of 9. This must be a trick or math trick. If this is true, the casino will stop it.
Why am I publishing this and giving the casino an edge instead of just running into a casino with a team of roulette players to win 8 out of 9 times! This is actually an important separate lesson. If someone tells you they can beat the casino, they won’t write about it. He will make it happen and win as much money as possible from the casino. Then after the casino is caught maybe write about it.
In this regard, I am in no way suggesting that you can or will beat the casino. You cannot change the long-term odds of the bets you make. This bet has a 97.3% return and no type of bankroll manipulation or changing your session length can change this.
So 88.24% of the time you will win $ 1 and 11.76% you will lose $ 10. This costs you a significant amount of money. Keep in mind the return is a percent of the total stake. You bet more on longer sessions than in shorter ones. In my simulation of this one million session, the player will bet more than 10,790,000 bets and lose more than $ 290,000 or only about 2.7% of the total bet, as we would expect.
The question is, how much fun did you have to play for about a minute and win $ 1 vs two hours and lose $ 10? You have to answer that question for yourself.
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