Faith play a role in your gambling?

[Skakus]

 
Definition of Faith please?

My own definition >>> Faith is sustained effort.

So according to my definition of faith it plays a significant role in my gambling. Without it I would have ceded defeat many years ago. 

[MauiSunset]

Faith is simply wishful thinking.


As a gambler, I have faith in mathematics.


As a pilot, I have faith in the instruments as I fly at night.


As an American, I have faith that America will once again be the beacon and not the cesspool of humanity.


Just warm fuzzy feelings that really mean nothing but add comfort to our lives....

[TwoCatSam]

"As a pilot" you say.

You could not have been a pilot in 1902.  Until the write's flew, man knew you could not fly. 

Imagine the write's keeping the secret of flight all to themselves.  Now imagine a successful roulette pro keeping his secret all to himself.  Now flip it over.  See how the write's gain and the player loses.

THIS PROGRAM IS DOING THE MISSPELLING.  I'VE CORRECTED IT TWICE

Don't think for a moment casinos wouldn't modify their rules to counteract a winner.  Bet Voyager is a fine example.  BJ after Thorpe is an example.

So I believe---and cannot prove----there are people out there making money at roulette.  That is my faith as far as roulette goes.

Thanks for your input.  You serve as a reminder of how difficult the game is.  You also inspire us, but it is wasted inspiration.  If I ever beat the wheel, you and no one but close family members will ever know it.

Kinda like a line from the original Superman: 

Pa Kent to the young Superman (paraphrased)

You can do all these wonderful things and you're about to bust a gut wanting to show someone.

I suspect--faith--there are roulette players everywhere about to bust a gut.

TwoCat

[MauiSunset]

The oldest documented flight of man occurred on November 23, 1783 in France - a hot air balloon.  They beat the write Brothers flight on  December 17, 1903 so mankind had faith that another form of flight would be possible for 120 years before it actually happened.  The US Patent for the their aircraft was #821,393


Yuri Gargarin was the first human to reach Earth orbit on April 12, 1961 just 58 years after the write Brothers' first flight.  The Russians (USSR) had faith that they could reach orbit.


All of these leaps of faith were based on sound science and math.


Then we have the Roulette wackos that believe they are smarter than all the above folks - they have faith in Voodoo science at best.


Give me a break.......

write Brothers - I did spell their name correct (W-r-i-g-h-t) - this wacko version of SMF is changing the spelling - I've seen this happen many times here....

[Gizmotron]

Then we have the Roulette wackos that believe they are smarter than all the above folks - they have faith in Voodoo science at best.

That's just faith in your own tired beliefs. Yes, the world is flat.We all know.

[MauiSunset]

That's just faith in your own tired beliefs. Yes, the world is flat.We all know.

So you believe the world is flat - good grief.....

[Gizmotron]

So you believe the world is flat - good grief....

Didn't you get the memo? Some agnostic like you tried to convince everyone
that we all live on the inside of a big ball. That the stars and planets are all
on the inside. He even used math to prove it.  ...just like you.

[MauiSunset]

Didn't you get the memo? Some agnostic like you tried to convince everyone
that we all live on the inside of a big ball. That the stars and planets are all
on the inside. He even used math to prove it.  ...just like you.

I think the moral of the story is that if you use faith in any way, other than known mathematics and physics, in Roulette gambling you are a fool and deserve to lose all the money you have lost....

[Gizmotron]

I think the moral of the story is that if you use faith in any way, other than known mathematics and physics, in Roulette gambling you are a fool and deserve to lose all the money you have lost....

Take that from a guy that thinks that the comps are paid at a rate higher than the
house's advantage of 5.4%.

[MauiSunset]

Take that from a guy that thinks that the comps are paid at a rate higher than the
house's advantage of 5.4%.

Well ya.....

[Gizmotron]

Well ya.....

I doubt that mauiSunset has ever been to the casinos that he claims he has.

Do the math. Even if he can still find a 40% comp rate he's still in deep trouble
with the simple arithmetic. He claims he uses $1,000 bets on the EC's. At 5.4%
he should lose a little more than $1,000 for every 20 bets. At 30 spins per hour,
that comes to at least $1500 per hour. His comp, at best, only comes to $400
per hour. Do the math. Even if his comp rate was 100% he would still lose more
than $500 per hour. MauiSunset is a phony baloney good time rock & roll liar.

[MauiSunset]

I doubt that mauiSunset has ever been to the casinos that he claims he has.

Do the math. Even if he can still find a 40% comp rate he's still in deep trouble
with the simple arithmetic. He claims he uses $1,000 bets on the ECs. At 5.4%
he should lose a little more than $1,000 for every 20 bets. At 30 spins per hour,
that comes to at least $1500 per hour. His comp, at best, only comes to $400
per hour. Do the math. Even if his comp rate was 100% he would still lose more
than $500 per hour. MauiSunset is a phony baloney good time rock & roll liar.

It's 9 am and I throw down $5,000 and get 50 $100 chips.


I play for 4 hours and have $6,000 in my bankroll.


I take a lunch break for 1 hour.


I throw down the $6,000 and 4 hours later I have $4,750.  I lost 5% for the day.


You have no idea how I bet and how many bets I took but I started with $5,000 and ended the day with $4,750.


I lost $250 and got $1,500 in comps (just a guess).  My next visit is free - the hotels, the meals, the shows, and the drinks are all comped by the casino.


So, how did I do for the day?

[Gizmotron]

You are just fooling yourself. Do the math. To get $1,500 in comps you must lose at the mathematical expectancy .Your own mantra is a double edged sword to you.

It's 9 am and I throw down $5,000 and get 50 $100 chips.


I play for 4 hours and have $6,000 in my bankroll.


I take a lunch break for 1 hour.


I throw down the $6,000 and 4 hours later I have $4,750.  I lost 5% for the day.


You have no idea how I bet and how many bets I took but I started with $5,000 and ended the day with $4,750.


I lost $250 and got $1,500 in comps (just a guess).  My next visit is free - the hotels, the meals, the shows, and the drinks are all comped by the casino.


So, how did I do for the day?

[GARNabby]

So, how did I do for the day?

Compared to what?  $1,500 in comps is worth less than $150 to a major casino.

But definitely in a "tourist trap".

[MauiSunset]

You are just fooling yourself. Do the math. To get $1,500 in comps you must lose at the mathematical expectancy .Your own mantra is a double edged sword to you.

The house odds for Roulette, of 5.25% for an American wheel, have nothing to do with the bet size and frequency of bets - it's simply a theoretical number with lots and lots of statistical theory behind it.


Casinos probably have an actual house odds of 90% since that's what I see as I sit at the table.


The problem gamblers have is they just don't understand the fact that if you place a single bet of 35 to 1 payoff and your chance of winning is 1 in 38 then you have to play that same bet 38 times 30 or 1,140 times before the house odds of 5.25% start to show up.  Why 30 times?  I'm rusty at probability theory but that's my recollection of the minimum number of observations needed for a binomial distribution to start to just appear.


Don't hold me to that 30, it might be 60 or more.


That's why for a spin every 2 minutes you need 1 hour of play times 2, or 60 spins, for EC bets to start to have the laws of statistics to start to work.


95% of the time I'm the only one playing EC bets during an 8 hour day - everyone else is going to lose all they bring to the table - everyone - they just don't play long enough.....