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Author Topic: Can multiple people have an edge over the casino?  (Read 1283 times)

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heatmap

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Can multiple people have an edge over the casino?
« on: March 06, 2018, 07:57:35 AM »
i kind of want to see what @real says but chime in if you think you have an answer
 

MrPerfect.

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Re: Can multiple people have an edge over the casino?
« Reply #1 on: March 13, 2018, 10:11:16 PM »
What provides edge is wheel itself. Multiple people are able to define and explore it.
 

petespin

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Re: Can multiple people have an edge over the casino?
« Reply #2 on: March 14, 2018, 07:51:49 AM »
Probably itbsounds strange but u can beat some types of machines that way , u must loong for a flaw , at live tables? I dont think so .
 

MrPerfect.

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Re: Can multiple people have an edge over the casino?
« Reply #3 on: March 14, 2018, 10:14:39 AM »
There is one particular type of autoroulettes... they simply cheat. Ones l was able to beat even one of these despite their ability to hit specific number... but for 3 days only, while specific conditions persisted. It was very low atm. pressure,  if you are curios. Ball simply was missing diamonds ( diamond hit is required in order for them to cheat).  :D
 

dobbelsteen

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Re: Can multiple people have an edge over the casino?
« Reply #4 on: March 16, 2018, 02:21:03 PM »
How is edge defined. I beleave that on the million players there are players with a profit. This does not mean they always win.
 

MrPerfect.

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Re: Can multiple people have an edge over the casino?
« Reply #5 on: March 16, 2018, 02:24:26 PM »
Edge defined as a "percentage in players favor".
 

GIAJJENNO

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Re: Can multiple people have an edge over the casino?
« Reply #6 on: March 16, 2018, 05:02:02 PM »
How is edge defined. I beleave that on the million players there are players with a profit. This does not mean they always win.

As we know roulette has deflects also, so who win in roulette in long therm, this win is one deflect in a roulette world. I hope itbwas clearly undertandable.
 

scepticus

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Re: Can multiple people have an edge over the casino?
« Reply #7 on: March 16, 2018, 07:38:47 PM »
Edge defined as a "percentage in players favor".

or
Edge defined as a percentage  in the casinos favour.
And Random favours one or the other at different times so the player takes a profit when it favours him .
 

heatmap

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Re: Can multiple people have an edge over the casino?
« Reply #8 on: March 17, 2018, 02:27:50 AM »
If people split profits can we gain an better advantage than just playing alone?
 

cht

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Re: Can multiple people have an edge over the casino?
« Reply #9 on: March 17, 2018, 02:33:45 AM »
You play with partners -

1. to track more tables at a time for your signal,

2. to increase the rate of games played,

3. to play continuously 24/7,

4. to diversify risk.
 
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dobbelsteen

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Re: Can multiple people have an edge over the casino?
« Reply #10 on: March 17, 2018, 10:56:59 AM »
How can you compute a players edge?
 

MrPerfect.

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Re: Can multiple people have an edge over the casino?
« Reply #11 on: March 17, 2018, 12:16:48 PM »
Easy...  all units you win devided by how many spins you played. You will know units per spin gain. Now look how many units you bet on every spin in average ...  devide your units per spin for how many units you bet on average. If you get something like 0.2 , mean you play with 20% edge.
 

scepticus

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Re: Can multiple people have an edge over the casino?
« Reply #12 on: March 17, 2018, 03:46:51 PM »
“ The Edge “ Dobbelsteen , is the EXPECTATION that whoever has a mathematical advantage will  profit over any lengthy number of spins.
The argument that the casino has a “ House Edge “ is based on the mathematical advantage it has over the Bettor .
In the case of your 10 bets of an EC ,for example, the calculation is that over 36 spins you will win 18 times and lose 18 times so no profit . As there are 37 numbers on the table you  now must allow that the zero will win it  so you lose ½ of a point. -0.5x37 = -1.35% .  So the casinos theoretical Edge over you is 1.35%
Too many think that this means that the casino MUST win in “The Long Run” .This is clearly wrong .An EXPECTATION   is  NOT the same as a certainty. Some will disagree  !
« Last Edit: March 17, 2018, 03:48:56 PM by scepticus »
 

cht

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Re: Can multiple people have an edge over the casino?
« Reply #13 on: March 17, 2018, 04:59:15 PM »
About HE if the payout is 1:36 how does that change for you ?
 

Mike

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Re: Can multiple people have an edge over the casino?
« Reply #14 on: March 17, 2018, 05:13:01 PM »
This is clearly wrong .An EXPECTATION   is  NOT the same as a certainty. Some will disagree  !

scepticus,

This is another example of a term being used in the "everyday" sense when in this context it refers to a technical sense. This results in pointless arguments because people are using different definitions of the same term.

Your definition of "expectation" is something like one of the following :

expectation, outlook, prospect -- (belief about (or mental picture of) the future)
anticipation, expectation -- (anticipating with confidence of fulfillment)
expectation -- (the feeling that something is about to happen)

But actually, in this context, it should be :

arithmetic mean, first moment, expectation, expected value -- (the sum of the values of a random variable divided by the number of values)