Thanks to an unprecedented trove of public data detailing the behavior of thousands of Internet gamblers over a two-year period.
Although this information was gathered by an online gambling site, Robert Hannum gambling mathematician from the University of Denver says the number should be very similar in brick and mortar casinos.
This information goes along the lines of what we talk about at class, here on the site and at most other advantage gambling sites. Playing slots or computer games is not beatable if the game is functioning at 100% without any malfunctions.
I don’t think this survey has any statistics on advantage players who play BJ, craps or find other ways to beat the casinos by way of a malfunctioning machine or badly calculated odds.
Whats really scary is that casinos say they get about 90% of their winnings from about 10% of its players…wow, kind of shocking!
http://online.wsj.com/article/SB10001424052702304626104579123383535635644.html?KEYWORDS=Kilby
Replies:
Posted by: Skinny on October 14, 2013, 6:21 pm
That is a great article. They said out of the 4,222 players they analyzed over a two year period only 11% or about 465 players came away winners. But even more shocking was the news that most of them were ahead less than $150. Only 7 players came out ahead over $5,000 for the two year period.
Furthermore, those that placed the fewest bets had the best chance, albeit small, of coming out ahead. This is one of the things that GTC stresses in our classes. Only play when you have a positive advantage and do not play too long. Granted the primary reason for limiting your time at the tables is so that you are at your physical best when you play. But we also point out that the best bet on a random shooter is no bet at all, next best is a single small wager. You give yourself the best opportunity to win by conserving your bankroll for betting on yourself and minimizing the amount you wager on others, especially random rollers.
Posted by: Finisher on October 19, 2013, 11:27 pm
Good Rolling. 😀 😀
