Why People Are Losing Money in Casinos? Maths of Casino Games Explained 

Thanks you very much!

its a lie slots dont works so,this is a trap to make loosers fall in the slots game to think the slots are totally be random which is not !!!

Long run casino I can't win jackpots when it will happen? May I know freind

@@kkes2627 The result for *is* random for machines at reputable casino venues. For reasons already stated.

Yes ita very entertaining. Thank you

Same here, I'll get up $1000 and instead of walking away I get greedy and lose it back plus 1k of my money pretty much every time. Although I have had a few times of walking out with $7000 after fighting all night. Not worth it. I've lost way way more then what I have won. I would still like to enjoy the energy but play for lesser amounts and not $300 a spend🤨

Thanks a lot. We are doing our best to explain these concepts, as we believe they are greatly important in the online gambling ecosystem. Your videos do a great job as well :)

What do you think about Martin gayling then ? In theory it should give you alot more change of winning overall but when i tried it in a simulator i was losing 7 out of 10 games

Glad you like them :)

Let's be honest. We NEED telling cartoon character or not 😂

Just realised you posted this 2 years ago 😂 hope your doing well anyway internet stranger?

Animation

I won 5000$ from 750$ ...but now I am in -7500$ because I deposited more after I withdraw .....fml

That's a lie

you found the best strategie?

Did you loose my friend

Play long enough and you will lose.

Withdraw your money and stop playing.

@@deepgupta9242never stop if you’re winning 😎🥛

When you are in profits for 6 years we want to hear from you not 6 freaking weeks. That's a drop in the ocean. Do you think you are the only gambler who has won for a few months? I have been winning at roulette for over 8 years. And in talking with FLAT BETS. Not having to raise after a loss. And I don't see anyone who can match what I do. Never going negative more than 5 units..

@@fender1000100 I'm glad you told that punk off

@@ChicagoGuy77 exactly

Notice how “ gramps “ never talks about craps. The only game you can take your bet down during the game before you lose.🎲He also talks as if there aren’t any professional gamblers. They are very conscious of how much they lose.🍔

@@azkid883 he didn't talk about baccarat eitha

Can you prove this with actual data?

It is built into some slot machines, and less knowledgeable players often do walk away when the machine is "due", leaving it for other players. The majority of slot machines (especially ones not made in the last decade) have little to no such functionality, and choosing to play after someone else dumped a ton of money has no influence on how well you will perform.

either you are a provider or casino owner which says so these games are fullt controlled in minimum details what they pay these games are 100% rigged they know exactly what to pays

Of course. Otherwise, the software simulation would be a poor simulation of the physical slot machine.

You're full of nonsense, and clearly you have no solid understanding in how the industry operates. Casinos do NOT NEED to "rig" the games. They DON'T NEED to cheat! That's the entire point... In fact, casinos that DO cheat, end up losing. You know why? Because messing up something that is TRULY random, is involving an anomaly. And guess what...anomalies can be detected and abused. Experienced casinos players have often exploited casinos that cheat in their games. So, in the long run, casinos earn money by leaving the games uninterrupted and truly random. Casinos earn most money that way. So, you're anecdotal experience stands for nothing, and your story without any source, only indicate that you have no understanding of how casinos operate.

@@kristofkoeshartokoesnosoer5001 nonsense is what you are trying to do.There is no such a thing like random.Since when computer is able to generate random number.Every single software working on specific database.Like for example in some slot games u can notice that slot is giving the bonus at certain times as it's program is set up to give bonus at the time is programmed on.Dont know if you have any experience in playing slots but as I'm often playing I'm noticing this kind of things.

​@@jgloveisthepower4355 Either you "think" you "notice" something, or you're simply playing on an unlicensed casino. Play on licensed casinos, operating within regulated jurisdictions and you're totally fine. Your comment on "Since when computer is able to generate random number", reveals your limited understanding of both 'randomness' as a mathematical concept and the software related to it. A Random Number Generation is a process which results a sequence of numbers/symbols that CAN'T be reasonably predicted. They use several computational methods to achieve this. What makes slots a true form of gambling (i.e. the wagering of something of value on an event with an uncertain outcome.) is that the outcome of the spin is uncertain. " for example in some slot games u can notice that slot is giving the bonus at certain times as it's program is set up to give bonus at the time is programmed on" You see, this makes absolutely no sense. If you refer to a slot that has a pre-determined set of "hits", then we speak of a rigged game. This means that there is an implied anomaly which means that there is PREDICTABLE variable. This can be exploited by the player, and the casino will LOSE in the end. There is literally NO benefit for the casino, rigging a slot machine, removing the randomness of the game, because that's what makes it PREDICTABLE which you can use in YOUR advantage. Therefore, the only way a casino runs a profitable business, is by providing slot games that are random and unpredictable in their outcome, using variables and odds that are in the player's disadvantage. This fair and square arrangement, remains profitable for the casino, while the opportunity to win something is not entirely excluded. Again, you are full of nonsense, and merely speak from an emotional perspective since you apparently had a bad experience with a rogue casino or played on a rigged slot. This does not mean that therefor EVERY casino is rogue and EVERY slot is rigged. Because that would literally mean the end of the entire industry. Inform yourself before you continue spreading nonsense.

Another one that had a big breakfast

This is only true if other players play them while they are not (long-term) beatable first. The casino still meets its RTP on the game, although some individuals may play with a much higher RTP than others due to their entry and exit strategies.

Oh sure !

So why do casinos still offer a game that can be beat in the long run?

@@gene8172 back in 1970, the casinos made more money from blackjack than they did from any other game including slots. And the casinos floor was loaded with all single deck tables with excellent rules and deep deck penetration. Now blackjack is no longer the biggest money maker for the casino. Blackjack can only be beaten by less than 1% of all those who play. More than 99% lose at blackjack. When the count strategies came out, droves of gamblers flocked to the blackjack tables thinking that they could beat it. They thought they had a winning system and bet lots more money. The count strategies actually helped the casinos even though a few could bet it. But restrictions on player rules actually hurt the casino blackjack profits. By preventing surrender, the players could no longer surrender at the wrong time. By restrictions on. Doubling down, the players could no longer double down at the wrong time. I’ve seen people double down hard 12 against a dealer 4!! I’ve seen a player split 77 against a dealer ten!! I’ve seen a player surrender 18 against a dealer ten. Sometimes that’s the right play, but when this player made it, it was wrong. The average casino advantage against these types of players is over 5%. A decision in blackjack is made much more often than a decision in Craps, roulette, or any other tables game. Only the slots have more frequent outcomes, but the bets are much smaller. So the average blackjack player is losing more money per hour than anyone other gambler. That’s why the casinos still offer a beatable blackjack game. Perhaps baccarat could move faster than blackjack but the casino advantage over the average player is much lower than in blackjack. The casino advantage in blackjack varies depending on the skill level of the player and the playing conditions offered by the casinos. I.e. rules, deck penetration, and number of decks used.

@@emmanuelvacakis4463 So what you’re saying is blackjack can be beat, but not really?

@@gene8172 blackjack can definitely be beaten. But you have to use a mathematically sound system and practice it so you don’t make any mistakes in the count, true count conversion, playing strategy, and playing deviations. The way the game is dealt today, you are lucky to get an overall advantage on your total bets of 0.5%. That means that if you make one bad mistake an hour, you are not making anything. If you make 2 bad mistakes an hour, you are losing money.

@@gene8172 it all depends on the rules, the deck penetration and also number of decks used. I can deal blackjack so nobody wins. It’s very simple for me because I know how to count the cards. Just shuffle away the rich decks and deal the lean one to the bottom. That has the same impact as taking out e few Aces and tens from the deck.

💩💩💩💩

I think they aren't even allowed. Get a sledgehammer and take the law in your hands ✋

@@paulmuller1168 actually the triple zero roulette games are all over Las Vegas.

You bet $2 with a 50% chance of winning $3, but when you lose, you lose the $2. You only gain $1 when you win and forfeit $2 when you lose. The house has a 25% edge because they gain an extra dollar every time you lose. 75% isn't the winning chance, it's the RTP (return to player). If you played a game with these odds and sat down with $100 you could expect to lose $25 playing it 50 times.

@@joemarks3719 2:15 Let us we assume the original head and tales rules of $1 bets, where a win (heads) means an extra $1 is won for a total of $2, and a loss (tails) means an extra -$2 is lost for a total of -$3. According to the UK Gambling Commission, the RTP is simply a ratio of wins over the turnover for the life of the game. If a player plays this game 100 times over with a total outlay of $100, wins 50 times and loses 50 times, the player wins $100 and loses -$150, for a net loss of -$50. However $100 (wins) divided by $100 (turnover), which is $100/$100, leads to a RTP of 100%, even though the player has a net loss of -$50. Naturally, the calculated RTP of 100% and the player _losing_ -$50 are incompatible with each other. With a RTP of 100%, this means the house edge is zero. This does not make any sense. Mr Marks, what have I missed? Thank you.

Yes, but law of number means that the more you play the more your winnings will resemble that of the win/pay ratio (you lose money). That is how Casinos make money, they make money on the odds, not luck.

No, if you bet $1 on 35 individual numbers (for example all numbers apart from 0 and 36) you will win $36 if the ball lands on any of your numbers. This is your win and you can keep all $36. However, the chances of winning in this spin are 35/37, as there are 37 numbers in European roulette. So, in 35/37 (94.6%) cases you will win $1 ($36 minus $35), but in the remaining 2/37 (5.4%) cases you will lose $35. When we put all of this together (94.6% * $1 + 5.4% * (-$35)), we find out that you lose $0.946 on average, which is roughly 2.7% out of the $35 you wagered. And that's the house edge of European roulette.

I want to make it easy for you. Suppose I bet two numbers at 0 and 36 by 1 35 at 35 numbers. Then surely I will get 36 $ i i meam 1 $ more. Whether they will deduct any money from this one dollar. Please let me know

Please brother, let me know..

Reply me and clear me please

​@@bappybarua2851 If you bet $1 on 35 numbers and nothing on the remaining 2 numbers, you will win $1 ($36 - $35) if the ball lands on one of those numbers. And you will be able to keep this dollar, nothing will get deducted. But there is still a 2/37 chance that you will lose all $35, so you are still playing at a disadvantage.

you talk about Poker ? but you don't play against the house

Sounds like what an addict would say

So which game is it, and why do casinos still offer it?

Thanks, 🎲🎲 $$ 💵💰😎