Notes

Live Dealer Caribbean Stud Collusion: Will You Win Profits?6 Ways Poker Players Can Use Math to Win.20 Myths About Gambling
Live dealer Caribbean stud is a superb way to enjoy among the most-popular table games during your smartphone or laptop. It could make you feel as if you?re actually sitting in the casino while playing Caribbean stud.

You can play live Caribbean stud together with your friends too. Your group simply needs to join exactly the same table at a live dealer casino.

This setup even provides the possibility to collude during hands. Everybody can share their hand values and gain more info.

But will doing so make a difference? The following guide discusses more on the basics of live Caribbean stud collusion alongside if it will ultimately bring about profits.

How Does Caribbean Stud Collusion Work?
When you play Caribbean stud at a live dealer table?or any table for that matter?you can only see your five-card hand and something of the dealer?s cards.

You?re not likely to share card values with anybody else at the table. Instead, this game was created to feature limited information.

Colluders work with other players to overcome this insufficient info. You can share card values and better know when to improve or fold.

Needless to say, you?re not likely to share hands with tablemates. You?ll quickly be kicked out of a land-based casino for flashing your card values to others.

Having said that, Caribbean stud colluders normally workout complicated hand signals and gestures. These signals allow everybody to learn what the other players are holding.

Here?s a glance at what info colluders share based on James Grosjean?s MAK system:

M (for matches) ? Collective cards that match the dealer?s upcard (ranges from 0-3).
A (for aces) ? The team will have between 0 and 4 aces.
K (for kings) ? The team will have between 0 and 4 kings.
Sharing information on these cards only goes so far. Everyone on the team must know what related to the info.

Here are what you and teammates should take under different circumstances:

If M = 0, you merely raise with an increased pair than the dealer?s upcard (e.g. 9-9 vs. 7).
If M = 3 and A & K are 7 or 8, you should raise.
With flawless teamwork, an organization can gain a 2.38% edge on the casino. This figure is way better compared to the 5.225% house edge that you?ll be facing without colluding.

The key, though, is that you need to fill all seven seats with teammates. You?ll need seven players sharing hand info to beat the casino.

Assuming you only have six players at the table instead, you?ll face a 0.40% house edge. While this house edge nearly puts you on even footing with the casino, you?re still facing a losing long-term prospect.

Advantages of Colluding With Friends at Live Casinos
Sharing card values with friends is extremely difficult in brick-and-mortar casinos. Again, you can?t just show your card values to each other.

Instead, you?ll have to work out something where you could share these details without actually showing everybody your cards.

Live dealer casinos make this aspect easier. They permit you to share card values without compromising your group.

Here are several different ways to collude through live dealer Caribbean stud:

Sit in exactly the same room together and show hands to each other.
Play remotely and work with a chat service to share hands.
No matter which route you go, it is possible to show card values to one another without the live casino knowing. You?ll also boost your chances of winning in this manner.

Will Caribbean Stud Collusion REALLY WORK?
As covered before, the goal with Caribbean stud collusion is to gain a 2.38% advantage on the casino. With enough playing volume and large bets, your team could make serious profit this case.

But could it be actually possible to pull this feat off in a live dealer casino?
No, you unfortunately can?t enjoy the same advantage at live casinos.

Live dealer gaming sites are fully alert to this practice. They know that, because of their setup, they are able to?t monitor colluders.

That said, live dealer casinos will never offer seven seats. In fact, many studios only feature one-on-one games?thus negating colluding of any sort.

Live casinos don?t appreciate colluders even though they still have the edge. They are able to use software to watch out for irregularities in play involving multi-seat tables.

Going further, a casino could ban a group of gamblers if they suspect collusion. This scenario could be rare, but it?s a possibility.

How to Boost Your Probability of Winning With Live Caribbean Stud
You may not manage to collude your way to online winnings. However, it is possible to improve your Caribbean stud odds through the next simple tips.

Use Proper Strategy
Similar to blackjack and video poker, Caribbean stud requires one to use technique to play optimally. Luckily, you shouldn?t have much trouble determining optimal strategy.

Here?s what you should lower the house edge to 5.225%:

Always raise with some or better.
Always fold whenever your hand is worse than the dealer?s qualifying hand (A-K high).
You can actually push the house advantage right down to 5.224% With more-complicated strategy. However, you might not care enough about the additional 0.001% to put more effort in.

Take full advantage of Bonuses
Some mobile casinos offer Caribbean stud bonuses. These deals offer an opportunity to earn more money together with your winnings.

Deposit bonuses will be the most-common deals offered by online casinos. Here?s an example on how a deposit bonus works:

A gaming site supplies a 100% match bonus worth up to $500.
You deposit $200.
You?re now in line for a $200 bonus.
Some bonuses don?t cover table games. Therefore, you?ll want to make sure that Caribbean stud counts towards any respective bonus offer.

Use Proper Bankroll Management
Bankroll management can help you stay inside a budget when gambling. That said, you should always have a bankroll plan in mind whether you?re playing Caribbean stud or another game.

Luckily, mobile Caribbean stud enables you to play rather cheaply. You can enjoy this game online for just $1 per hand. Needless to say, it is possible to always up the stakes once you feel like chasing bigger wins.

Here?s an example on setting up a Caribbean stud bankroll management plan:

You have $300 to play with.
You plan on betting $1 per hand.
You?ll place a $1 side wager one from every three rounds.
You set a stop loss limit of $60.
You?ll quit playing any session where you reach $60 in losses.
Don?t Go Overboard With Jackpot Bets
Jackpots are perhaps the most-appealing aspect to the game. Online Caribbean stud jackpots can be worth around $250,000 or more!

The nice thing about these prizes is that you don?t even have to spend much to play for them. You merely need to place a $1 side wager. This dollar wager qualifies you for the jackpots along with other payouts.

I certainly suggest that you place jackpot bets if they add more entertainment. However, you should also consider limiting just how many side wagers you make.

They are sucker bets?at the very least in the beginning. When a Caribbean stud jackpot is first seeded, the side wager carries around a 30% house edge or higher.

This house advantage gradually drops as the jackpot grows. You may even gain positive expected value (+EV) once the top prize hits $250k or higher. Of course, you truly need to win the jackpot at some time to realize this +EV.

Although incredibly hard to pull off, Caribbean stud collusion could work in land-based casinos. You need seven players working together and knowing what they?re doing to succeed.

Unfortunately, you can?t work the same magic with live dealer Caribbean stud. Most live casinos feature one-on-one games. The ones that don?t will feature less than seven seats at tables.

Even though you can?t collude in live Caribbean stud, it is possible to still boost your likelihood of winning with simple measures. Using proper strategy, collecting bonuses, and managing your bankroll can all help.Poker is a purely mathematical game, even though it doesn?t look like it on the surface. Everything at the poker table is based on math, and if you learn how to use this math the correct way you?re guaranteed to win in the long run.

I understand it?s a big promise to guarantee that you can win, but that?s just how that math works. If you are using math facts the proper way, there?s nothing that may change them.

This article serves as an introduction to basic poker math that you need to find out about. It?s not everything that you should know, nevertheless, you can?t find out more advanced techniques correctly and soon you learn these 6 poker math facts.

1 ? Basic Poker Card Math
Everything that you have to know about using math when you play poker starts with the way the cards which are used were created and how they work. Each of the most common poker games utilize the same deck of 52 cards.

Poker uses both the 13 card ranks and the 4 card suits to create hands. The harder a poker hand would be to complete, the higher it ranks.

The power of poker math and the deck is approximately what can and can?t happen once the next card or cards are dealt. Guess what happens?s left in the deck and what?s not in the deck based on what cards you have and what cards you?ve seen.

If you have a set of jacks in your hand in a Texas hold em game prior to the flop, you know that there are 50 cards that you haven?t seen and that exactly 2 of these cards are jacks. The deck only has 4 jacks, and you have 2 of these.

The rest of the article goes into more detail about different situations at the poker table. But you need to spend some time thinking about everything you learned in this section. Every time you play a hand of poker think about what can happen, so what can?t happen, and how you may use this information to make better decisions.

2 ? Odds on the Flop
In Texas hold em and Omaha poker, the 2 2 hottest poker variations, there?s a flop containing 3 cards, accompanied by a turn and river. The chances of things happening are slightly different in Texas hold em than Omaha because you focus on 2 cards in holdem and 4 in Omaha. I?m using Texas hold em for the chances discussions on this page.

When you begin a holdem game with 2 cards and stay static in the pot to start to see the flop, you can get an idea of the chances of improving your hand on the flop. This is important because once you learn how likely or unlikely a hand is to improve it can help you learn when to stay in a hand and when to fold.

If you have a pair in your hand, the best thing that can happen on the flop would be to get quads or a set. The chances of flopping quads have become low. The odds of flopping a set aren?t great, however they?re much better than flopping quads.

You must look at each card on the flop to consider odds. The odds to getting a set on the first flop card are 2 out of 50. The chances on the next card are 2 out of 49, and the chances on the 3rd card are 2 out of 48.

This averages out to basically 6 out of 49. Basically, you?re likely to flop a collection almost 1 from every 8 times you've got a pocket pair.

That is just 1 exemplory case of using odds on the flop. Deal out practice hands and determine the chances of improving using this method until you know how likely your hand would be to improve.

3 ? Odds on the Turn and River
Using odds on the turn and river is simpler than determining them on the flop. You know the worthiness of more cards and there?s only one 1 card on the turn and 1 on the river.

On the turn, there are 47 cards which are possible. On the river you can find 46 possible cards.

All you have to do is work out how many cards help your hand in total.

For Example:
For those who have a flush draw with 4 cards of exactly the same suit and 2 high cards that may form a high pair in the event that you match 1, you have 9 cards that can make the flush and 4 cards that can match either of one's high cards, for a complete of 13 cards.

The odds of getting 1 of the 13 cards on the turn are 13 out of 47. In the event that you don?t get 1 of the cards on the turn, the odds on the river are 13 out of 46.

Run the odds for each and every hand as you practice. This is going to assist you to learn which hands are worth drawing to and those you should fold.

4 ? Probability of Completing a Flush
A flush draw is really a common draw in poker. I touched on it in the last section also it?s among using odds so I want to cover it more here. Which same method can be utilized for any kind of draw once you see how it works.

On a flush draw you have 4 cards of exactly the same suit out of a complete of 13. This implies you have 9 chances left in the unseen cards to perform the flush. Which means that you?re never the favorite to perform a flush because there are always more cards left that don?t complete it.

But this doesn?t mean it is best to fold once you have a flush draw. Sometimes it?s profitable in the long run to draw. You?re going to learn more about this within the next section.

On the turn you have 9 out of 47 chances to complete your flush, and on the river you have 9 out of 46 chances.

5 ? Poker Pot Odds
Now you discover how to run the odds for poker practical the flop, turn, and on the river. But how do you know when you should stay in the pot so when you should fold?

The Answer Is by Using Pot Odds:
Pot odds compare the odds of completing your hand and hopefully winning against the amount of money you can win. When the sum of money you can win is preferable to the odds of drawing the card you need you stay in the pot, and when the money it is possible to win is worse than the odds you need to fold.

Look at the probability of completing your hand. Regarding a flush on the river, you've got a 9 out of 46 chance. Now look at how much is in the pot and just how much you have to devote to start to see the river.

For instance, the pot has $400 inside it as well as your opponent bets $50. This means you will need to call $50 and the pot now has $450 in it. This is usually a ratio of 1 1 to 9. Your probability of hitting the flush are 1 to 5.11. That is better than the ratio of money you call contrary to the profit the pot, so the pot odds say this can be a profitable call in the long run.

6 ? Poker Expectation
Poker expectation is a way to determine the average profit or loss for situations in poker. Within the last section you saw a good example of pot odds. Here?s ways to determine how much this example is worth in the long run.

The deck has 46 unseen cards. And that means you?re going to run the very same situation 46 times using each one of the possible cards on the river to start to see the average profit per hand.

It?s likely to cost you $50 for each of the 46 hands for a total of $2,300. You lose 37 times out from the 46. On the 9 times that you hit your flush you?re likely to get $500 each time. This is the total return of $4,500.

That is a total profit of $2,200 on 46 hands. That is an average profit of $47.83 per hand. This is one way you use expectation in poker to create better playing decisions.

Poker math starts having an knowledge of the cards used in the games. The deck of cards unlocks each of the secrets about poker math you should employ.

A deck of poker cards is built in a way that lets you determine odds of so what can happen on the flop, on the turn, and on the river. It also enables you to use 2 powerful mathematical concepts called pot odds and expectation.

With these poker math tools it is possible to quickly discover how to be a profitable poker player.I?m not sure any activity has as many myths connected with it as gambling. The number of misinformation that?s shared formally and informally is staggering. Maybe it has something regarding the relationship between luck and gambling.

Superstitious people have confidence in concepts like luck in a manner that rational people don?t. This results in belief in a lot of falsehoods that can devastate your bankroll.

Most of the gambling public dislikes math, too. Since gambling and luck are closely related, it shouldn?t surprise anyone that myths about gambling linked to misunderstanding some basic math concepts are normal.

I?ve listed 20 of the more interesting myths about gambling below:

1. Gambling Isn?t Really Addictive.
The theory behind the myth that gambling isn?t really addictive asserts that gambling doesn?t have a physical effect like drugs and alcohol do. That?s not really true, though ? if you don't think the mind doesn?t have anything regarding your physiology.

The United States has an abysmal record of recognizing mental illness. Because it doesn?t always come with physical symptoms just how cancer or cardiovascular disease does, people think a mental illness is somehow less of an illness than a physical illness.

This sort of backwards thinking ruins lives and interferes with people?s opportunities to obtain well.

Not absolutely all gamblers get addicted.

But claiming that gambling isn?t really addictive helps no-one.

2. Eventually Your Luck Must Change, and you also?ll Start Winning.
This is an example of a mathematical concept called the gambler?s fallacy. The theory is that past results somehow affect future results.

With most (not all) gambling activities, this isn?t true.

Here?s an example:

Someone playing roulette notices that the effect has come up black 4 times in a row. She will make 1 of 2 assumptions:

Black is hot and is more prone to come up again on another spin.
Red arrives and is more prone to come up on another spin.
But the probability of getting a black or red result is a function of just how many red results there are compared to just how many black results you can find.

Since all 38 of the pockets on a roulette wheel remain there ? they don?t disappear completely once you?ve hit them ? the probability hasn?t changed.

Every spin of the roulette wheel can be an independent event. Previous results don?t affect future results.

Blackjack can be an exception, because once a card is dealt, the composition of the deck is different.

3. You?re Psychic and Know When You?re Likely to be Lucky.
Gambling outcomes are determined at random. No one has some type of psychic ability that improves their likelihood of winning at casino games. But a lot of people believe that they do know when they?re going to be lucky.

It?s probably pointless to attempt to convince a person who thinks he?s psychic that he can?t really predict the near future. It wouldn?t be a good set of gambling myths if it weren?t included, though.

To find out more about why psychic phenomena are a bunch of hokum, spend time reading about James Randi, who?s spent decades debunking psychics. For over 50 years, his foundation offered $1 million to anyone who could demonstrate provable paranormal activity ? especially psychic ability.

No-one ever won, and in some years, over 1000 people participated in the challenge.

4. Casinos Pump Oxygen Into the Air to help keep You Alert and Gambling.
Some common sense should tell you that this isn?t true. Consider it for a minute. What?s the largest danger when dealing with oxygen?

It creates things more flammable.

Pumping oxygen right into a crowded casino, with its massive use of electricity and its large number of those people who are often smoking cigarettes, will be a fire hazard like no other.

This myth probably stems from a Mario Puzo novel, Fools Die, when a fictional casino named Xanadu pumped oxygen in. The problem is that this is fiction.

It is possible to read more about this myth at The Museum of Hoaxes.

5. It?s Illegal to Count Cards.
A little thought makes it clear how absurd this myth is. How can it be illegal to take into account a game while you?re playing it? Unless you?re using some kind of device to keep up with the count, whatever you?re doing once you?re counting cards is thinking about the game you?re playing.

Casinos are fine with this myth, by the way. They discourage counting cards as best they can. In fact, should they think you?re counting cards, they?ll take countermeasures. They could start shuffling the deck on every hand. Or they might request you to play games apart from blackjack. Should they?re really sticklers, they could even ban you from their casino permanently.

But you can?t be arrested or prosecuted for counting cards. It?s not illegal.

6. Casino Games Are Rigged.
In a way, this myth holds true, but not in the way most people think.

People who are convinced that casino games are rigged think the casino can arbitrarily adjust the outcome of the game any time they feel just like it.

Remember the scene in Casablanca where Rick signals the croupier to have the ball land on a certain result?

That?s fiction.

In real life that doesn?t happen. Imagine the odds of to be able to land a roulette ball in another of 38 pockets at will.

It doesn?t make sense.

But casino games were created with math that favors the casino on the player. In the short run, a gambler can win, but it?s not as likely than losing.

Over time, the casino will always make an impression on the player.

This is because the bets pay off at lower odds than the odds of winning.

It is possible to read more relating to this concept inside our post concerning the house edge and how it works.

The math behind the house edge is the reason casinos don?t need to rig their games. The math has already been rigged.

7. Online Gambling is Illegal.
This statement is too general to be true. It?s even too general to use to a whole country like the United States. The laws in the USA certainly are a patchwork of federal, state, and local jurisdictions ? each of which frequently has different laws.

Actually, 3 states in america have legalized online casino gambling. The other 47 states haven?t legalized or regulated online casinos, however, not all of them have laws on the books making the experience specifically illegal.

It?s illegal to facilitate money transfers for the purposes of illegal gambling, but that?s another activity from placing a bet.

And even though online gambling is actually illegal in many United States jurisdictions, no one has ever been arrested or prosecuted for playing slot machines or blackjack on the web. Enforcement efforts so far have centered on providers of online gambling, rather than participants.

8. It?s All Luck.
Luck does are likely involved in gambling, however, not necessarily in the manner you think. A mathematician would believe luck is a short-term fluctuation in your expected results. In the end, things will out.

However the assumption that gambling email address details are entirely predicated on luck ignores the role that smart decision-making plays in winning at gambling.

Here?s a good example:

Blackjack is a game where your decisions play an obvious role in the math behind the game. Each way of playing a hand has an expected value. Your job as the player would be to choose the decision with the highest expected value. When you do this on every possible hand, you?re playing with basic strategy.

The difference between a blackjack player who uses basic strategy versus one who just plays her hunches is the difference between a house edge of 0.5% and 4%.

What does which means that for your bankroll?

If you?re playing for $50 per hand and getting 60 hands per hour, you?re putting $3000 into action each hour.

If you be prepared to lose 0.5% of that action, you?re looking at a lack of $15 each hour. That?s relatively cheap entertainment in the casino.

But in the event that you?re looking to lose 4% of that action, you?re considering a loss of $120 each hour. That?s relatively expensive entertainment in the casino.

And common sense lets you know that your chances of walking away a winner are greater if the home edge is lower.

9. YOU MAY USE Trends to Get an advantage On Your Next Bet.
This myth is closely related to the myth about the gamblers fallacy above. Here?s how the thinking works:

You?re watching a new player at a Jacks or Better video poker machine. You notice he?s only played for 2 2 hours, but he?s already hit a royal flush twice.

You assume that the trend is for that machine to spend jackpots more regularly than other games.

But that?s not true.

The chances of winning a jackpot on a Jacks or Better video poker game are still about 40,000 to at least one 1. The prior results don?t change the amount of cards in the deck or the possible combinations you?ll see on your screen.

Trends do occur in gambling games. They happen at all times, in fact.

But they?re only visible in retrospect.

It is possible to?t predict what?s likely to happen in the foreseeable future based on a trend you?ve seen in the past.

10. SLOTS Get Cold and/or Hot.
This is closely linked to the bullet points about trends and the gamblers fallacy. Die hard slot machine game lovers won?t believe this, but slots only get hot or cold in retrospect. Just because a slots game has been running hot for one hour or 2 doesn?t mean it?s likely to continue steadily to run hot in the future. It also doesn?t mean it?s more likely to ?get cold?.

Modern slots are powered by a computer program called a random number generator (RNG). This is the computer program that generates numbers at a rate of a large number of numbers per second. Once you press the ?spin? button or pull the lever, the RNG stops on whatever number it had been counting at that millisecond.

This computer program doesn?t work slowly enough that you can have the ability to predict where it?s at in its count. It also has no way of knowing whether the game has been paying off a whole lot or not.

Each spin of the reels can be an independent event. Previous spins have no effect on the outcomes of subsequent spins.

11. The Decisions Other Blackjack Players Make Affect Your Odds of Winning.
This is one of the most common myths linked to blackjack. It has multiple permutations.

One example may be the belief that a player jumping in and out of games screws up the chances. There?s anecdotal evidence from lots of players that things were going great at the table until a particular player showed up. Then boom! The dealer is winning at all times.

This is a good example of selective memory, which is more powerful than most people realize. Just because something happens before another thing does not imply there?s an underlying cause and effect relationship. A lot of people have probably forgotten all of the times someone jumped right into a game and all the player started winning.

The more common permutation is the belief a player using very poor strategy hurts everyone at the table. For example, she usually takes a card that would have busted the table.

In reality, her mistakes benefit another players at the table normally because they hurt them. It all evens out in the long run.

Actually, bad players allow casinos to provide better blackjack games. If everyone used perfect basic strategy, casinos would adjust the game conditions to boost their edge on the players.

12. Online Gambling Is really a Danger to Children.
You?ll see lots of spurious arguments against online gambling. One of these brilliant is that it presents a danger to children.

The reality is that a lot of online casinos won?t let you get started doing offers for real money until you?ve provided proof that you?re legally old enough to gamble. Based on the casino and its own jurisdiction, this may be 18 yrs . old or 21 years old.

But reports of online casinos victimizing children gamblers are unusual.

Online gambling companies make plenty of money without needing to target underage gamblers. Jurisdictions worldwide require protecting minors from gambling as a precondition for getting a license to operate.

13. Online Casinos ARE SIMPLY Used to Launder Money.
This is usually a myth promulgated by the proponents of UIGEA (The Unlawful Internet Gambling Enforcement Act). This is the law that was mounted on the Safe Ports Act in an attempt to curb offshore gambling.

Are some online casinos laundering money?

Maybe.

But you can find easier and safer methods to launder money.

Laundering money usually functions by utilizing a business that operates predominantly in cash. Paper trails, like those supplied by the use of bank cards and online wallets, are anathema to a money laundering operation.

I?ve never seen any credible evidence that online gambling companies are laundering money.

14. The Loosest Slot Machines Are Close to the Aisles.
This myth may have been true at one time. The theory is that casinos want to encourage gamblers to play the slots. By putting the loosest machines closer to the aisles where people walk, they?re more likely to attract gamblers to the machines.

John Robison from American Casino Guide has discussed these theories with casino managers and slots directors. His conclusion from those discussions is that the changing nature of casinos and slot machines make it unnecessary to arrange slot machines in this manner.

The truth is that it?s impossible to get slots with higher payback percentages. Even though you do, you also need to take into account factors like volatility and win frequency. A progressive slot machine game with an enormous jackpot might have a higher theoretical return, but the probability of winning that big jackpot ? making up a healthy percentage of this return ? remain astronomical.

15. It?s Impossible to Beat the Casino in the long term.
Almost all of the myths mentioned so far point at misconceptions linked to beating the casinos.

But some people are convinced that it?s impossible to beat the casino in the long run.

And that?s not true.

Some games are mathematically unbeatable. These include games like slots and roulette.

Other games, like video poker and blackjack, are beatable by experienced advantage gamblers.

Various techniques can enable a new player to obtain a mathematical edge on the house, which means in the end, the gambler can beat the casino. Counting cards in blackjack is merely one example of an advantage gambling technique. Combining understanding of video poker pay tables with perfect strategy and rebates is another.

Needless to say, it?s also possible to beat the casino over time by simply getting lucky and quitting gambling when you?re ahead.

But where?s the fun in that?

16. Playing With Your Slots Club Inserted Affects your Odds of Winning.
I explained in an earlier bullet point how a random number generator in a slot machine game works. That computer program is not linked to your slots club card.

If you?ll consider it, you?ll realize that the casino has no incentive to penalize players for using their slots club card. The complete point would be to encourage gamblers to play more by offering them incentives.

Why would you do the opposite?

The only thing playing with your slots club inserted does is track how much cash you?re running right through the machine. The additional time you may spend and the more spins you make on a slot machine game, the more profitable the casino will probably be.

Casinos don?t mind occasional winners on the slot machine. Those occasional wins are already factored in to the math behind the machine.

The casinos? only goal with regards to slot machines and slots club memberships is to encourage you to save money time playing.

17. The Martingale System Can Beat the Casino.
There?s some truth to the one. In the short-run, it is possible to often grind out small wins utilizing the Martingale System. The thing is that these small wins will eventually be wiped out by way of a huge loss.

Here?s the way the Martingale System works in theory:

Every time you lose a bet, you bet again, doubling the size of your bet.

Eventually you?ll win, recouping your losses and finding yourself with a profit of one unit.

Here?s an example:

A Martingale player is betting on black at the roulette table. He bets $20 and loses. On the next spin, he bets $40 and loses again. On the 3rd spin, he bets $80 and wins. He?s won back the $60 he lost on the prior 2 spins, and he has $20 profit for his efforts.

There are 2 big problems with the Martingale System:

It assumes you have an infinite bankroll.
It assumes that you can bet around you want.
In reality, you have a finite amount of money to bet with.

And even assuming you have an enormous bankroll, you?ll eventually hit an absolute streak where in fact the next bet is more than the betting limits at the table.

Here?s an example of a Martingale progression:

$20
$40
$80
$160
$320
$640
In the event that you?re betting at a table with a $500 max bet, you only need to lose 5 times in a row before you?re unable to continue the progression.

And at that time, you?ve lost $620.

Also, by the 6th bet, you?re risking $640 to have a net profit of just $20.

Yes, it?s unlikely to lose 5 or 6 bets in a row. But it?s not as unlikely as it might seem.

18. Pulling the Lever On a Slot Machine is More prone to Create a Win Than Pressing the ?Spin? Button.
I?ve explained the way the random number generator on a slot machine game works a couple of times in the post, but for further clarification:

The random number generator has no way of knowing whether you pulled the lever or pressed the ?spin? button.

It lands on the quantity it?s considering when you hit the button or pull the lever.

Also, what incentive would the casino have for such a difference?

This one just makes no sense. It?s superstition, basically.

19. Casinos Can Adjust Game Outcomes If You?ve Been Winning Too Much.
Casinos don?t need to adjust the outcomes of their games. All their games already come with a built-in mathematical house edge that can?t be beat in the end. This is like the myth about the croupier being able to control the outcomes of a spin of the roulette wheel.

Players sometimes win in the short run because that?s the nature of probability. Short-term variance is expected.

Casinos, alternatively, are coping with long-term numbers almost immediately.

An average gambler makes 600 spins on a slot machine game in an hour. Even though she plays 4 hours each day, she?s only generated 2400 spins, that is statistically insignificant.

But a casino with 1000 slot machines in action a day per day is seeing potentially 24,000 X 600, or 14.4 million spins per day. Even if those games are, normally, empty 50% of that time period, that?s still 7 million spins per day.

When you get into the an incredible number of spins, you?re going to start seeing results close to the statistical expectation.

Multiply that number of spins by 30 days in per month or 365 days in a year, and you can observe how the casino is operation in the end easily.

Since the math behind these slots games ensure a long-term expectation of 4% or even more in winnings, the casino stands to make plenty of money without ever having to worry about adjusting the outcomes on their games.

The same thought process applies to the other games in the casino, too.

Casinos just don?t have to micromanage results of individual games for individual players.

20. Bookmakers Know the Outcomes of Events Before They Occur.
I haven?t delved into too many sports betting myths in this post, because I?m admittedly more of an expert on casino games and poker.

But this myth is too an easy task to debunk.

If bookmakers knew the outcomes of every event before they occurred, they?d be far more profitable than they are. They wouldn?t need to adjust the lines based on the public?s action, either. They?d just sent the lines and the odds so concerning maximize their profit.

The easiest method to think of bookmaking is as a market, like the stock market. Lines and odds are adjusted based on how attractive they're for bettors. If a game has an excessive amount of action on one side, the bookmakers adjust their lines to get the action evened from either side.

If they knew the results beforehand, they wouldn?t need to do that. They?d just make certain they got as much action on the contrary side of the assured winner as possible.

Bookmakers are remarkably accurate when determining the idea spread.

But upsets happen weekly.

Even the Cleveland Browns win an intermittent football game.

Most gambling myths are related to paranoia, superstition, or math-ignorance. I?ve listed 20 of the most common and interesting myths about gambling, nevertheless, you could probably come up with a list of another 20 without too much effort.

I love to promote sensible gambling. This means utilizing a clear-eyed, intelligent approach to the games and attempting to maximize your likelihood of winning.

Myths and superstitions haven't any role in a good gambler?s playbook.
Educate yourself about how exactly gambling works, and you?ll enjoy your hobby more. You?ll also become more likely to walk away a winner.
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