@@drdrew3 Heck no. When I lived in Thailand, and foreigners wanted to open bars in places like Pattaya to get rich quick, that line would always come into the conversation. :)
Exactly what EQC casinos in Tacoma and Fife charges you when you use their card. For $10,000 you can get a free Subway, chips and drink. WOW great deal! At least Muckleshoot casino in Auburn lets you get $1 worth of food for $300, so you only need to lose $3300, wow what a deal. The more you bet the more you lose so the big betters can get their "free food" so they think.
Not entirely spot on. Barney Vinson is wrong not to include video poker on his list of the best games to play, but he did imply it briefly. Michael Shackleford Wizard of Odds was criticized many times for not showing a full pay deuces wild game in his demonstration of pay tables. Max Rubin should not have encouraged people to play Caribbean Stud, because anyone who doesn't use optimal strategy faces a house edge the size of the lottery. Most Caribbean Stud players would be better off playing Keno or Megabucks, both of which are terrible games, but offers a ginormous longshot jackpot.
Really good video. All the various ways to gamble along with the odds is something I've never seen put together so well. And the competition at the end was great fun. What struck me was the souless professional saying that consistent winning is just a hard grind, taking all the fun out of it. Odd that playing the stock or currency market is all about work but gets more enjoyable the more you do it.
It was mostly good, but lacked in some small ways. However, this video gave people a basic understanding, at a time when such info was limited to books and very few online websites, back when internet was slower and less reliable.
I won $10,000 on a $10 sucker bet. It had never happened before in the casinos history. there's a picture on the wall with me and all the dealers/employees. The next time I came to that casino, that particular blackjack game was gone. As soon as someone actually wins a jackpot they change the game.
as your walking into the casino...pull all your money out...fold it in half..put it back into wallet....there...you just doubled your money....walk away
Thats actually legit lmao u can tell this to ppl and ur not lying... Same for i can speak to dead ppl... I really can they just dont reply bcz theyr dead lmao
Just remember that every time someone finds a way to beat the game, the casinos change the rules or procedures. Go back and look at the rules from 30-40 years ago. They're may be different and/or the procedures are different if people had found out how to beat those games. Remember the video says the casinos are never going to give you a percentage that's in your favor. Better odds just me and you'll lose your money a little more slowly. A great example is when the MIT teams found ways to beat the games, the casinos made drastic changes so that wouldn't happen again.
Great video! I think the lesson here well learned is to *set a limit and stay within it* - not only don't gamble more than you can lose but calculate your hours and days on vacation to lose slowly (preparing for the probibility of losing). In other words, I wouldn't place too many high bets too quickly on your trip (to then potentially use up your bankroll too quickly!). I'm about to go to Vegas so I'm going to actually be a little "selfish" and write this comment (it's going to be long) for myself as well as you, the reader reading this :-) Other things not mentioned here in this video is basically the human or spiritual factor (for lack of better terms :-). One's goal (if they are not trying to seriously be a professional gambler) is to HAVE FUN (in the long AND short-run)! An idea of one person's fun might not equal somebody else's idea of fun. E.g., In Las Vegas, for instance, some people might prefer the flashiness and pumping hip-hop music one might find at The Linq casino And others (such as myself) might go for "older people music" (which I actually preferred when I was 19!) At a higher and casino like Bellagio or maybe The Wynn. Here are examples in my case of how I personally can make my trip more "profitable," while not relating always directly to money: - AVOID SMOKE ... I prefer to avoid being around players and areas that are too smoky, so one strategy would be to find casinos that are either non-smoking (virtually impossible in Vegas except for the airport :-) or have very good ventilation systems (so in Vegas, I stick to the bigger hotels on the strip rather than the smaller hotels let's say in downtown - even when/if the payouts of the slot machines are better downtown) - If playing table games, try to find a table where people are not smoking (obviously) but also having a good time (and emitting a wavelength that I want to be around). Therefore, I avoid quiet tables with people who have very serious faces (I'm in Vegas to have fun) Or are even grumpy. they talk about mathematics by the way in this video but I have noticed that I NEVER win when I'm feeling crappy (no matter how well I play) but when I hit well - especially at tables - it's when I'm feeling good and I'm around people where I'm having a fun time - so I think there is more to it ultimately than pure mathematics… That's from personal experience…Just sayin'… - I try to stick with the hotel-casinos that have higher-quality complimentary alcohol (the downside being again, these machines in these casinos may indeed have worse payouts). I would say with the ventilation systems along with the higher level of complimentary drinks, it might be logical to play the tables at those casinos - those games where the odds don't vary depending on technician programming (as they do with the slot machines). Indeed, blackjack at a fancy, well ventilated, less smoky strip casino with ( relatively) high-end Scotch being comped, the odds are exactly the same. One problem with higher-end casinos is that the minimums are generally going to be higher (if that messes with the strategy of not losing to quickly, it could be better to avoid the tables, regardless). - Discipline of walking away from a machine or table when you hit a nice win is more psychologically than mathematically logical. Again, if one has a goal to have fun, applying that discipline of walking away after a jackpot could add to the overall vacation experience (I always like that feeling of walking around the casino, etc. when I'm ahead (even if in three hours I will be behind). Indeed, it's nice to enjoy those three hours of being a winner = part of the fun!). This is one of the longest comments in RU-vid history so I think I'll cap It right there - good luck out there as a friend of mine who's a gambler in the UK says, "Either stay off it… Or be lucky!"
Your cognitive bias is next level my man! You only win when you feel good? You're deluding yourself. Check yourself for a better money risking experience
The big sucker bets at the blackjack tables now are the side bets. They're fun if you play a dollar every now and then to win 30 but if you try and ride it you're gonna lose anything you win playing normal blackjack. Another casino advantage thing we saw at a $10 blackjack table at the golden nugget was if the dealer draws a 22 they don't bust they roll 4 dice with a cat on ONE SIDE. If you get zero cats, it's a push. Any cats there's some odds but let's be real all it does is turn 22 into a push instead of a bust!
@@justforfun5391 entirely untrue. If you play a 100% perfect game in BJ with perfect counting and perfect variance, you will end up on top in the long game 100/100 times
@@sahil8home That is NOT true...simulations does not equate reality...I have played BJ since I was 11...60+ now and have counted for years with more successes than failures ..but the last 7 years has been a total disaster...lady Unlucky has stuck her head...bad beat after bad beat after bad beat....true the hard count should favor you but does not mean you will win the hand..sure it could turn again but I might be over 80 years old by then...LOL...you see simulations does not account for time...just the number of hands...good luck!! because in the long run you still need a bit of luck with that good hard count...oh also back then you only had to deal with a deck or two...now with multiple decks and cutting off part of it does not really give an accurate perfect variance...but I know you already knew that...hell in one session I lost 17 hands doubles 10 and 11 with the dealers busting card...lol..oh wait I pushed 2 hands...
You're paying for the social experience, the rush, and the decor. This, "don't go, don't lose", mentality is true if you have no friends and are not interested in having any.
I go to Vegas a lot. Beautiful town, lots of fun. Lots of free crap, lot of no gambling stuff to do. Don't take any money that you can't afford to lose, and you'll be fine.
I'm really not good at counting cards but when I work really hard at it, it does provide you an edge. It's the only game in the casino where the odds change as the game goes along. My last time working really hard at counting cards I made $350 on a $20 bet. The count in the shoe was like I'd never seen. The reason I made so much is because I bet more. If the shoe sucked, I would have lost. Luck is still hugely important.
Vlad B at multi deck Table yes. There are plenty of single deck blackjack tables at many different casinos and double deck which is just ×2 104 cars instead of52
Huh... here's the thing about "dumb bets". I walked in to a casino with $100 (most I was willing to lose, left all other cash and cards). I was losing and was down to my last $30 or so. I decided to pass the time talking with a friend who was playing 3 Card Poker. I figured I might as well try it since I wanted to sit down. He knew the game and lost everything. I left with about $1,500. To this day, I still don't understand the rules to that game. Idk, I put money down, cards got moved around, and the dealer just kept giving me more money. Dumb bets and dumb luck is not common but can be awesome. Haha. I prefer bets among friends and family so I've only ever played slots on very rare occasions since.
The only timeinsurance isn't a sucker bet is if you are a card counter and you know that there are a lot of high cards in the shoe. Benedict is wise to take insurance
Fact is 2-spot Keno is the best overall bet of any game, casino or Lottery. You win $10 on 1:16.62 odds. That means you double your bet on $1 for 5 play cards($5) for odds of 33%. I often hit jackpot on 4-spot as well 1:325.
Well, even the Blackjack games are a sucker bet now, if the payouts are 6:5 for a natural. Many casinos got so brazen as to do this to shoe games, no even money, hitting soft 17...Stay away from those casinos!!!
Gen X Murse the high minimum bj tables still have 3:2 and stay on soft 17. Usually in the high roller tables or I think Caesar still has it at their $25minimum tables
Ive been to a casino 5 times. 3 times ive won and walked out on top. 2 times ive lost and broken even to the casino. Its fun to do if you know how to play and only take what u can afford
Yeh that's why I'd play 5 card draw at a bar with a roll of quarters that'll last an hour. $10 for all you can drink call drinks & I'm coming out ahead!
So this video is lit a casino promotion. The trick is they just tell you how you lose your money slower then before but the house advantage never droped below 50%.
+Robin Banks agreed me and my mate use to go into the pub on a sunday evening and always go for the austin powers slot machine with the flashing fembot as the jackpot,saturday night you would see people pished and just hitting buttons,go in on a sunday and that thing is ready to burst,the manager barred us as he clicked on what we were doing every sunday in with £5 and leave with a pocket full of coin and free piss up
Look at it as entertainment,,,,,play on a budget,,,,,. If you get lucky that's great,,,,,,,but most likely you wont. I go to vegas at least once a year,,,I love the place.
Blackjack has about a 3%-5% house edge the way most people play it. Most dealers dont know proper stragedy. If you read playing blackjack as a business they tell you what basic stragedy is and how much making a mistake costs. Example not hitting 16vs7 cost you 12% of your bet not hitting 16 vs a 10 cost you 3% and if there are a lack of 5's it can be right to stand.
The hardest thing for me is trying to explain to a friend or lived one about probability! Its such an easy concept but people get so hung up on it. Like a certain number not coming up in a lottery for weeks. It will come up but not because it hasn't for a while.
It's well known that Craps and optimal strategy Blackjack are the least damaging to the player. You can't win in the long run at either, but you'll go broke more slowly. When I go to Vegas, I'm either in the poker room or the sports book. You're still up against it as the house takes its cut, but you're competing against other players, not the harsh negative expectation mathematics of the other games. Very difficult to make money here either, but at least you have a theoretical chance.
You know people have different mindsets? Don't conclude from yourselve to others. Warn the people who are like you, but leave the others alone. I remember my first visit in the casino: A bunch of old people, that were always hanging around the slots and writing down in their little notebooks which slot gave which win at what time(which makes 0 sense if you understand the game), came at me to "warn" me, i should leave and not even start ... i would be such a young nice man who still can have it all ... and that gambling is an evil trap .... well that was pretty confusing ... they ment it well but obviously they were psychologically ill ... Now, over 15 years later ... still lowrolling most of the time ... never having had a gambling problem ... having had quite a lot of luck ... and multiple times in my life didn't care about gambling anymore, just because other things were more interesting at these times ... i can with certainty say: not all people who enjoy gambling are in danger of getting a problem with it ... i always come for the fun, not for the money ... this is why. You must see it so, that you pay for the game itself, and just as much as you want to spend. And the wins are just a bonus. If you can't see it like that, it is probably not the right hobby for you.
@@Max-rk8ln telling people there is a way to do something so addictive responsibly just because you've never gotten addicted is bad advice. Casinos pray on addiction and create everything to be as addictive as possible. My advise to people is treat gambling like crack or heroin if you dont want to risk getting addicted and ruin your life dont try it in the first place somtimes it only takes one time to get addicted.
In roulette, Your goods are the best, however, an old carnival trick or people that have played childhood games, is completely predictable for the person controlling the ball release, almost to a near 100% ratio of hitting that 00. its the design of the game, however, if you used slow camera footage and controlled the speed and spin of a ball release or use a machine, the angle of momentum and where it hits is not random, the best people to train this, is people who do not have not be taught how to read the numbers, in which are spinning thus, the orientation will not be confused. 00 three times in a row!
The best game in a casino is actually Texas Hold Em in the poker room. NOT Ultimate Texas hold 'em against the dealer but true Texas hold 'em where you play other patrons & the house simply takes a rake from each pot. Damn shame they don't even mention the game. I suppose it's their least favorite as the money they make is probably way less than any games played directly against them. I know as a poker player they don't comp you on the same level as say a blackjack or craps player, cause they don't view you as a money maker for them. Play poker & then I'd recommend the 3 games mentioned in this documentary but poker is best, 0% house edge cause it's not played against the house.
Sheldon Cooper huh you comment makes no sense. Have you actually sat down and played in a poker rook before? Do you know what a Rake really is? I think you dont and thats why comment u put just sounds beyond stupid!!
I know I'm late but if anyone is curious on the real numbers, your best bet to beat the house is playing Baccarat perfectly, followed closely by playing blackjack perfectly.Then straight up craps. It's hard to say with poker because every house rake is different at each casino.
kiss myass i agree with you on baccarat and poker like u said different Rake at every casino!! Black jack though i disagree, that is the most house winning game on tabkr game history. By table game i mean most standard, " blackjack, craps, pai gow, baccarat, roulette. Not the war or big 6 reel and other crazy games they have now adays! Black jack you are guaranteed just about to lose of you stay no matter what! You can go on a streak and win few hands in a row and then if stay long it will take it all back plus more! Im not a fan of betting a 100 to win a 100 as in black jack!
MY UNCLE won $2000 and decided to leave Las Vegas while he was ahead. But on his way out of town got caught by Whisky Pete's and lost it all. He had just enough money to make it home!
Adam C, depends on the Casino. Some of the more generous casinos offer a wide range of games and opportunities for the player to either come on top or walk off even. Even if the game itself is never in your favor you can get more values in comps than what you lose. For example in the past year I lost $5 at the BJ table but I was given well over $500 worth of comps. The year before I had come on top $75 and received about the same amount of total comp value. For anyone wondering the Casino I gamble at is Foxwoods in Mashuntucket.
RememberRobbyKrieger your so full of shit! You lose 5 bucks byt casino gives you $500 worth of comps. I mean do you think people are that stupid tp believe you. You have no clue what type of gambler and amounts of money needed to be played and consistently played to get comp values of that magnitude. Could be byfar the absolute dumbest thing and comment ive ever heard in my life
Don't pass is actually the best craps bets. Casino offers a bet with no house advantage, namely the odds wagers in craps for Pass, Don't Pass, Come and DC bets. Based Shackleford telling it like it is on the tie bet.
I once played keno, bet the minimum, got all the numbers and the bonus number, and I only received 20 bucks. I felt like I should have won much more than that. It was my first time in Reno and I think I got suckered.
The "experts" interviewed make some completely unwarranted assumptions about how software-based games (slots, video poker, etc) can work. There is no law, for example, that requires a video poker machine to make an honest shuffle of the cards based on a random number - it could easily be deigned to never give a royal flush, or maybe 1000x less often than one would expect. As long as the average rake is determined and disclosed to the gaming board, the software can do whatever it wants. There is also no rule requiring each spin or deal to be mathematically independent, and very likely isn't on a well engineered game that's been designed to trigger addictive gambling behavior.
Okay here is my way of gambling.... I go to the casino I go to video roulette (live feed of table) ((introvert)) then I pick odd/even/black/red/high or low and I put $40 on all of one of those green can't be left out (random amounts) 50% chance of Winning and my friend bets against me same bet (strict no pity rule where winners can't share). What are you thoughts?
I think playing perfect blackjack (basic strategy) is something like a .5% house edge. The way to tip the edge in your favor is to count cards. With enough practice its “easy”. What makes it difficult is dodging the floor man.
The thing is no one plays perfectly. And many Casinos has adopted house rules to affect card-counting. Such as cutting 2 decks from a 6-8 deck shoe. Burning a card whenever there's a dealer change, and you bet your ass they will change dealer every 15 minutes if you're getting hot. And you see the dealer in it too, they will deal slower to buy time for the dealer change. Or what my Casino did, replace hand shuffle with a continuous shuffle machine; eliminating card-counting completely. To find the optimal 1-2 deck blackjack table is non-existent. Or even finding the 4-6 deck, with only 1 deck cut off is rare.
Mark Mark Then wait for the people who can win get banned, as I did here in the UK, and I have the spy cam to show my claims, from casino security/managers themselfs.
It's based on all of the possible outcomes, and from a certain bet amount applied equally to each outcome, how much you get back from each of those outcomes. If the total you get back is at least 99% what you put in, it pays 99% in the long run. "Long run" is a theory where, eventually, you will get every outcome an equal number of times.
Okay. So I'm confused on one of the things mentioned in this documentary. What happened in the past doesn't have any effect on what will happen in the future. The example being that if the roulette comes out red six times in a row, the odds are the same for the 7th roll. But the odds of a red (or whatever) coming up six times in a row have to b more than 50/50. No? Yes? Thoughts?
Every spin of a roulette wheel is an independent event. The probability on each spin is exactly the same, every time (1/38 on 00 wheels, 1/39 on 000 wheels). The odds of "seven in a row" or whatever are not the same concept. That's likelihood not probability.
What stands out to me is that no matter what the house edge is and there can be skilled players vs dumb "lets have fun" players, the house always wins. Think of the cardinal rule, "The more they play, the more they lose." The house gets it all.
The max vs andy segment is the result of only one trial ( n =1) and is statistically meaningless. Strategy over the long term will lead to a positive advantage, and not just by a few bucks.
I couldn't agree more. While a person might get lucky from time to time, failure to employ some type of strategy to lower the house advantage against you will ultimately mean you'll lose more money.
PLUS the casinos can come up with bullshit reasons not to even pay you on large jackpot payouts! Happened many times with Slot jackpots (casinos called it machine error, or something!!) , and ive heard of Keno payouts being denied over suspicion of player fixing! Buyer beware
"It's mostly luck." "I don't believe in luck." "Luck" is a word often used, seldom defined or understood. It means "unexplained outcome", i.e., to call an outcome "luck" is to confess ignorance of the reason for it. "Good luck" is an outcome judged as good, after the fact and "bad luck" is an outcome judged as bad. Both terms can only be determined after the outcome. They can't be made of future or present outcomes. Why? Because they say nothing about the cause, only the result. If the result is not known it can't be judged. Questions like "Are you going to have good luck?" are unanswerable because without knowing what governs the outcome, no prediction is possible. Asking "Are you having good luck?" is unanswerable because the outcome is not determined yet. The word "luck" is the opposite of an explanation. All events are explainable, but to explain by saying "It was luck" is no explanation, it is to confess ignorance of the reason for the event, it is an epistemological statement, not a metaphysical statement, philosophically speaking. It is the same as saying "I don't know". Since most think they are giving an explanation when saying "It was luck", one could say they are "ignorant of their ignorance".
