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Gambler busts 5 credit cards to pay S$200k debt


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I was casino dealer for two years - can guarantee you that the numbers that truely win anything significant are vanishingly small.

 

But many many many create hardships for themselves by gambling too much.....

You ? Black Jack ? Stud Poker, Roulette or Bacarrat ??

 

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Neutral Newbie

some ppl really damn funny... can't even use words to present their arguments properly but still like to argue on forums... LOL~

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Neutral Newbie

You ? Black Jack ? Stud Poker, Roulette or Bacarrat ??

 

The dealer cannot "let" anyone win. THe rules are very strict andd the dealer has to play to very exacting standards - so there is no way they can deliverately affect the outcome of the game.

 

The stupidest I saw was one guy that came in, wagered $5k on one hand, then left. Had to open a table special for him.

 

I did give $8k ish to one player on Carribbean Stud - he was playing the progressive and struck a straight flush - that was a good day.

 

i'm guessing dealers are taught on nearly every game there is the casino offers but of 'cos... i could be wrong...

Edited by Elriond
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Neutral Newbie

They shud have let him die when he threatended suicide.

Keep this type of useless son for wat?

 

Yahoo News

Gambler busts 5 credit cards to pay S$200k debt

Just what have casinos done to Singaporeans?

 

In yet another case of a gambler out of control, a 29-year-old engineer not only busted five credit cards to pay off his gambling debts, but he also borrowed from nine credit companies to fulfill his payments, reported AsiaOne.

 

And that wasn't all

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so is 12.5% of chance (everyday) u will lose $3.5k and is 87.5% (everyday) of winning $500...

Every hand is independent of each other. So, in every hand, you have a 50% chance of winning and 50% of losing. To cap your loss at $3.5K, you only play at most 3 hands.

 

With every hand, you have a 50% of winning $500, but 50% of losing progressively more. Unless my interpretation is wrong, how did you arrive at those figures? Especially the one about 87.5% chance of winning $500 everyday.

 

 

 

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Neutral Newbie

Which casino do u always frequent? MBS or RWS?

I do have friends using martingale method and earn a decent living.

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First of all, lets have a facepalm moment....

 

Assuming that your "it take 1/8 change to lose all $3.5k, and 7/8 of chance to win $500 a day" is even remotely correct, you are telling us you win $500 for 7 days and lose $3,500 on the 8th day, I dunno wat calculator you using but mine says it is a zero sum game. Lets do a simple excercise: Take $3,500, Stand in front of a mirror, take off your pants, put your right hand on your right testicle, left hand on the left one and repeat after me: LanPapaLan x 8. Now go count the money, it should still be the same. Amazing? Angmo say Zero Sum, we say LPPL.

 

Martingale betting system is a gambling fallacy so stop coming in and advocate like you are the first genius who walked the planet. I don't know who the first genius was but there are definitely a crap load of idiots roaming around today. You happen to be X+1. Do not induce X+2, so on.

 

So yeah, you are still f**king crap.

 

edit - Forgot to factor in entrance levy, travelling cost, parking and time. It is not exactly zero sum, therefore Zero Sum =/= LPPL. Mainly because our left testicle is not exactly symemtrical to the right one. But that does not make you less crap, you still f**king are.

Almost Totally Agree (not agree is the Testicle issue LOL)

 

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the probability of 3 consecutive sequence is 12.5%

Provided the outcome of the 3 hands are dependent on each other? The hands are independent of each other, aren't they? Anyway, I'm not a gambler, but I'd be very surprised if the odds of winning $500 everyday are indeed that high.

 

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Provided the outcome of the 3 hands are dependent on each other? The hands are independent of each other, aren't they? Anyway, I'm not a gambler, but I'd be very surprised if the odds of winning $500 everyday are indeed that high.

Wah I think you all tempted me to go Casino to play Bacarrat...

Everyday win $500 - $100 (entrance fee) - parking = $380 X 30 days = $11400/mth...

Probably some days I go 1st hand win only 1 hour job...

now very gian...

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Turbocharged

You ? Black Jack ? Stud Poker, Roulette or Bacarrat ??

 

I dealt Blackjack and Roulette as my two major games, the minors were Caribbean Stud, Tai Sai (big small) and "Chocolate Wheel.

 

The big thing to remember is that the way the rules of the game are set up, the house ALWAYS has the advantage. In roulette it is easy to see - the advantage is "0" (when zero is spun, all the outside bets loose)

 

Consider the odds - there are 37 numbers on the wheel. (1-36 + 0)

 

The odds on a straight up (individual number) are 35-1. meaning that for every $37 units you bet, you will get $36 back. ("your" number will come upp one time in 37, you keep your bet, plus get paid 35 to 1)

 

Of course, you could be lucky and your number may come up 5 times in 37 spins - in which case you will be up. On the other hand, you could also go 100+ spins without your number coming up. In the long run you can't argue with statistics - the longer you play, the more you will loose.

 

In blackjack, the house advantage comes about because the dealer plays last - if you bust, he doesn't have to play. YOur money is gone.

 

To anyone that thinks they can beat the casino - I would urge you to go and research carefully. The casino games have been around for hundreds of years. If they could really be "reliably" beaten, do you think casinos would still be profitable today?

 

Basically the ONLY game in the casino where the player can get an edge is Blackjack - and you know what? The casinos here use continuous shuffling machines (from what I hear) which makes card counting an impossibility.

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Turbocharged

crap your head!

anyone can bring $3.5k into casino and bet $500 on baccarat, one win your go... if draw take back the money and re-bet... if lose bet $1000 on next game...

 

in 2nd game, win then go (still win $500)... if draw take back... if lose bet $2000 on 3rd game... if win still got $500 winning...

 

every game is 50% chance for you to win... of cos this game cannot let you win $1m, $2m.. but if save..

 

it take 1/8 change to lose all $3.5k, and 7/8 of chance to win $500 a day...

 

but can your stop after u win the $500? i can... but not my friends....

 

people can take more money go... $10k to win everyday income of $1k, 2k or 3k? why not... just set a target to hit and go after u win... but is not so easy to stop for most people... as all people want to win more...

 

Haven't we had this argument before?

 

"In 8 Decks Game

 

The following return tables show the possible outcomes of the banker, player, and tie bets for an 8-deck game. As the lower left cells in each table show, the house edge is 1.06% on the banker bet, 1.24% on the player bet, and 14.36% on the tie." from here

 

This means that by the odds built into the game, for every $100 you bet (with same unit bets) you will get back only $98.76 on player or $98.94 on banker.

 

Varying your bet only works IF you can track how the cards that have been played affect the odds - which in baccarat only happens when there is less then one deck left to play (in an 8 deck shoe)

 

Jeff is also conveniently not mentioning table minimums and maximums. Which very quickly grab you when you are doubling up. A typical table range would be 7x (meaning a min of $50 has a max of $350) which I am sure you can see will catcch up very quickly - in fact by your fourth hand you are gone case. And a "four hand run" will happen - by Jeff's own stats, 1/8 of the time. So your other 7 days have to be perfect, and on the 8th you will bust your bank and end up losing your 7 days worth of winning.

 

Please trust me on this - I KNOW the odds and game theory behind gambling. The ONLY way to beat the casino is by counting cards - and this is impossible here because the integrated resorts use continuous shuffling machines.

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my friend made quite alot in double system...he waited for good chance..dragon,like 4-5 chain come,he starts.

 

but one he kana,that dragon no break,lost 18k 1 hand..so he left..never chase

 

we are quite suprise how come he all along bo simi $,suddenly seems quite good recently..

 

remember possibilties doesnt tally with statistic,like last thread, if toto 1 in 8 million possibilities,why statically every week winning? 8 million combi,6 million not all singaporean buy also..

 

and group 2 to have so many pple kana,how low is it?yet still 3-4 at least kana

 

this is what i mean

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what u saying is lower probabilities u will win if u stay in same table etc

 

if u win 1 hand,move the other table etc, probalities cannot come into picture

 

if like that, forever customers are loseer..reason why casino always win is cos eat this pay that reason if u dun understand hokkien.. [;)]

 

like u play among ur friends,how many times dealers lost one?unless u damn super unlucky [laugh] thats why i always wana be dealer if play wif friends..LOL

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Turbocharged

why people lose cos they have greed! when they win $100 they want $200 then when they got $200 they want $400! so never end! and then they lose all...

 

i been winning $400-$500 everytime 2day when i go there... with a 50% game... dont need to look at those game that can win $1m, $2m... just play those 50% game and bet to win your target... then go off... dont need to be greedy...

 

but think is not easy to stop... i have bring a few friend there... they just cannot stop... is easy to say then done... but after your lose lot of money then you will learn... like me... think i have take back all i have lose when i am young...

 

THERE ARE NO 50% GAMES IN THE CASINO

 

Not a single one. EVERY casino game has a house edge built into the rules. It is unavoidable.

 

Just go and look at any one of the hundreds and hundreds of internet sites that explain the odds and mathematics of gambling.

 

You cannot beat the casino.

 

BTW - you have been winning your $500 a day now for how long? should easily be over half a million you have won by now right? Why don't you scale up? From $500 a day to $5000 - the odds are still the same. When are you buying your Lambo?

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THERE ARE NO 50% GAMES IN THE CASINO

 

Not a single one. EVERY casino game has a house edge built into the rules. It is unavoidable.

 

Just go and look at any one of the hundreds and hundreds of internet sites that explain the odds and mathematics of gambling.

 

You cannot beat the casino.

 

BTW - you have been winning your $500 a day now for how long? should easily be over half a million you have won by now right? Why don't you scale up? From $500 a day to $5000 - the odds are still the same. When are you buying your Lambo?

 

u can win small. but the moment u start playing big, the house will own u flat.

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