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Have you tried your hand at gambling?
Posted by Achyut • 1/17/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: casino, Gambling, Games, probability
Have you ever tried your hand at gambling or Casino games? What was your experience like? Did you win or lose?
To know mine, see achyutktelang.blogspot.com/2008/07/gambling-game-of-chance.html
User Comments
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Not exactly gambling in casino but yes I used to gamble a lot while playin darts with my friends.. Lost nearly $2,000 in the same.. was kinda addicted.. but somehow I managed to come out of that vicious circle.. phew
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Exactly what my perception is about gambling or betting etc....The addiction and the vicious circle it creates.....
But I want to know whether you consider it just a game of luck, chance or do you think one can actually win if played intelligently.-
Its just a game of luck.. nothing else.. yes it depends on u as to how intelligently us use an opporyunity but an opportunity arises coz of luck
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I've lived in Las Vegas too long to gamble.
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Ha ha....but Las Vegas is a heaven on earth for casinos and gambling. Right?
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Haha, yes, we like them big too.
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so any experiences or your perception on this topic?
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I once wrote a series on slot clubs in Las Vegas. You can increase your chances to win if play smart, but its more about budgeting than playing. Luck on the front end, and cashing out ahead on the back end.
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nope
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@ Rich
Thanks...that's exactly what I wanted to know...You can play smart in it. In my blog I wrote about the aspect of probability as well.-
You're welcome. Yeah, I just read your post and it's pretty smart. Without going into the math portion, it's solid.
For the series, I would take $80. (Play machines that recently had high cash outs if I could find them). If the machine didn't hit anything within the first $10, I'd move to the next. (Slot machines run in cycles.) I'd play until the $80 was gone.
However, if I had any wins, let's say $200, I would pocket the $120, and play with the remaining $80 winnings just as I did above. Where your post is perfect is that you cannot let yourself get sucked in.
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No desire, worked as a croupier in England for a couple of years and loved dealing blackjack and roulette, but not gambling.-
If I play nowadays, like once a year, maybe, ... roulette is my choice. Worst odds, but socially fun.
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@ jafabrit,
Not really sure I understand the things you mentioned here, but was it somewhat like betting? Did you generally win or lose?
My emphasis here is whether it is completely about luck and chance or can we actually increase our chances by playing smartly?-
I worked in a casino and dealt blackjack and roulette, sometimes punto banco. In the end the house always wins even if a few get lucky.
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@ Rich,
Thanks a lot for your wonderful inputs and also am glad you liked my post! -
@ jafabrit,
So it just confirms what I wrote in my post... -
I have a real aversion to fruit machines and only ever visited one Casino, which featured rows and rows of them. It worries me that people can while away hours and hours on these things when there are constructive things to be done.
I'll have an occasional bet at the races but that's all.-
Yes myriadlife, I too am that way....people not only while away time and hours but also money....thats worrisome.
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My husband keeps a budget and sets aside a certain amount of money each month for entertainment. At the end of the month, whatever is left in that budget account we take to the casino. If we lose the money, no more casino until the end of next month. So far this month he has won R3400 and that, combined with what he won last month (R1200) and my winnings (R430), is enough to buy the Yorkie puppy I have been wanting for years.
He plays blackjack, I play the slots.
It is self-limiting...we have a specific limit as to what we can spend at the games and when it is gone, we are done for the month. Sometimes we lose it all, but most times we either break even or make a little.-
It is good to know that you set aside a certain amount.....is this the R 3400 you mentioned Rupees or any other currency or what?
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South African Rand (ZAR)
For perspective, R10 = $1US. You can buy a loaf of bread for about R7 and a litre of petrol is currently R5.7 -
Thanks for the info.
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I love to gamble.
I'm a big fan of the craps table. I love to roll them dice.
Makes my heart beat fast just thinking about it.-
you were the fave type of punter
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so how much do you spend on it? Do you win or not? What's generally been your experience?
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Im very good at the craps table. But I have put in the time to study it and I have learned to hedge my bets. I have watched new betters with no experience blow thousands in a matter of minutes.
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exactly what i wanted to write about....that it is not just something random, or completely luck etc, it can be studied, strategies or plans can be made and if played intelligently, you can really win!
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I love to play poker, which I do in card clubs and casinos in California and Nevada. I've played in Atlantic City, too. I can win, and have won a lot, but mostly I'm behind. -
The house always wins.
Unless....you go in just to play for fun, and follow this basic rule:
Plan to gamble a certain amount of money, and only that amount. If it's $10, than that's it, you play the same $10 until you lose $10, and then you go home.
You play your $10, if you lose it, you go home. If you win something with it, you pocket the winnings, and play your $10 again. If you lose that $10, you go home. If not, pocket your winnings, and play the same $10 again. So on and so forth until you lose your $10 (and you will lose it).-
Anok,
I really liked your answer....I think it is really a good rule to follow. Unless you go in with such a mindset or plan, you are bound to get tempted and play for more and finally lose it. -
Yes, that's exactly right. If you gamble, you will lose money, so it's best to treat the specific amount of money like you would any expendable amount of cash - when it's gone, the fun is over. And just think of it like you had paid for a show, or dinner or drinks at the bar.
That way, you lose the money but you didn't "lose" in any real sense, and you aren't tempted to put up more than you can reasonably gamble.
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So Anok, did you write this from your own experience? And do you gamble or bet or play such games from time to time?
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My family owned a casino a long time ago. I learned to deal at a very young age, and was taught from a very early age how gambling actually works (statistically speaking).
So, yes, from experience - but not from gambling myself. The most gambling I do is to occasionally buy a lottery ticket
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No wonder you answered with such authority and something that made a lot of sense! It runs in the family after all
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Thanks It's funny, you see things very differently when you've been on the inside of it, you know?
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Yeah that's true Anok.
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double post
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I tried my hand at www.paddypowertrader.com spread betting. I started with the demo account they have...man that stuff is not easy. They start you off with $10,000 in virtual money (not real money). I wouldn't use real money unless you're good at stock market betting.-
Seems interesting.....trying it out in virtual money!
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Though I m not a gambler, I think there are some games that you can win with your intelligence.Roulette for instance. There is a brain game in it. If you learn the tricks most of the time you can win.(unfortunately it is illegal in our country India,otherwise I would have played and earned considerably. -
Chinese saying- 十赌九输
meaning you will lose 9 nine times out of 10 time you bet!
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