The Science of Gambling: The Odds Are Always Staked Against You NO matter What You Do!

in #money8 years ago (edited)

Have you ever wondered when you win big at the casino, whether the casino owner really makes a loss? It will interest you to know that whatever the outcome of your bet, the odds are always stacked against you and the casino is scheduled to always come out with a happy day.

Image Credit: TNW

Let’s look at this scenario:

In a throw of dice, the gambler bets on which side is expected to face up. For any face that is down there are four faces to the sides and one side facing up. Each time the die is rolled, a bet is placed on what side comes up. Assuming the game master decides he only pays out 4 times the bet placed each time a 6 is thrown, and every other time the person placing the bet loses. That means at every time any of the other five sides show up, the gambler loses the bet.

It then follows that for each cast of the dice, the gambler has five chances of losing but because when he throws a 6, the casino pays four times the bet, then the gambler has four chances to win. It means that, at every play, the casino and the game master can expect to keep one-fifth of all the money on the table at all times even before the die is cast. A clever system you'd say, but most people don't even bother themselves about the science of the game, so the game master gets away with quite a lot .

The best remedy is Don't Gamble! Gambling is very addictive and the easiest way to flush money down the drain. Every win draws you in, so more can be sucked out of you. A times therapy might be needed to completely wean an addict off the tables.

Thanks for your comments

Happy Steeming!

Sort:  

Title is a bit misleading... of course the odds are stacked against you at the casino because you are paying for the ambience, the staff, free food/drinks, and other things offered at a casino.

If you play poker with friends, or even a small organized game the odds may not be totally fair but you are doing much better than you are at a casino and skillful players can earn a consistent return. I know I have!

Everyone knows that the casino owners always have a profit. I think it's normal because that's how people make a living. They don't make you lose your money. It's your desire and decision. Many of my acquaintances shared their experience of playing at online casinos. They told me that when you play at a casino, you can make money. I think it's not even about making money. It's just about having a good time. Sometimes after work, you want to rest mentally and get rid of stress. Gambling can distract you from your everyday problems. I also tried to play in casinos, not only online but also in an actual gambling hall. I still play vwin casinos online two or three times a month and get pleasure.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.029
BTC 61497.04
ETH 2478.29
USDT 1.00
SBD 2.66