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-   -   How to get rich playing craps (http://forums.pelicanparts.com/off-topic-discussions/211008-how-get-rich-playing-craps.html)

CamB 03-15-2005 01:07 PM

Quote:

Originally posted by Porsche-O-Phile
There is no casino game that gives you even odds. Ever.
Yeah, just accept that if you do it for long enough, chances are you will lose 2-10% of whatever you bet (depends on the game).

Best example is roulette - the 36x payout and 38x numbers means the odds are obvious and the difference between the two means a loss of 5.26% over time. Sure, if you vary the bet amount and get lucky it might go in your favour, but if you did that for long enough eventually you will end up back at -5.26% for every dollar bet.

Wrecked944 03-15-2005 01:31 PM

I'm surprised nobody has suggested he switch to black jack and learn to count cards. There was a show recently on the History Channel about an MIT group that cleaned up using an organized card counting scheme (all legal).

tabs 03-15-2005 02:32 PM

Until recently Card Counting in Black Jack was ILLEGAL in NV....today they tell you they don't want your action, escort you to the door tell you never to come back and take your picture and pass it along to every other Casino via their security services....

There was a case that went to the NV Surpream Court about a guy who was caught card counting, the Casino took away his money, had him arrested by the police and was convicted of card counting... cheating...his case was overturned by the Supream Court. He then sued to get his winnings/money back...the Supream court said NOPE....the police don't have to divulge what eveidence they have against you or how they got it....has to do with protecting sources of information...So guess what boyz you step into a Casino and your civil rights evaporate...

island911 03-15-2005 07:41 PM

Quote:

Originally posted by pwd72s
How to get rich playing craps??? Begin playing when you are REALLY rich... .. .
not so fast there, pwd. There was that one guy . . totally flush with cash . .. his name was John Crapper, I believe. :cool:

cough cough . .oye. :rolleyes:

}{arlequin 03-16-2005 07:48 AM

On a ski trip to Tahoe, I was shooting for almost one continuous hour. I've never seen that happen before or since, to anyone. Don't know what happened but that was one hot table. Couldn't roll a 7 if I tried. Funny thing is, that day I was betting conservatively, just kept pressing what I had and nothing more, b/c I thought that any minute I'd crap out. Made fortunes for the whole table that night.

Re: the MIT blackjack story, it's all in a book called "Bringing down the house" Not written all that well, but it does explain how they worked the system. Brilliant strategy that will never work again.

john_colasante 03-16-2005 10:29 AM

Quote:

Originally posted by }{arlequin
I was shooting for almost one continuous hour.
That's impressive. I've never seen that either. If you had been playing max odds on even a $10 min table, you would have made about $10K.

tabs 03-16-2005 10:50 AM

Once as a mere lad of 10 years..I was walking through a Casino smoking my cigar..U could do that back then....they had a pair of dice in a glass cubical and the sign read that these dice had made 23 straight passes....


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