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PurpleXVI posted:Waste people's money and exploit people with gambling addictions while doing damage to the environment. 
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Dec 29, 2021 14:39
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B33rChiller posted:A+ Av post combo While everyone else was late to the forums party, I played a 20-year buy and hold strategy with my avatar 
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Dec 29, 2021 16:06
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Mans posted:People just want to gamble but are afraid of casinos it seems. The bitch of it is that casinos are regulated and have to let you win sometimes by law. Too bad we don't teach probability in primary school. Of course, none of the predatory industries relying on ignorant people would appreciate that.
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Dec 29, 2021 21:57
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BonerGhost posted:The bitch of it is that casinos are regulated and have to let you win sometimes by law.
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Dec 29, 2021 22:31
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Mans posted:People just want to gamble but are afraid of casinos it seems. I think many people are smart enough to realize casino gambling is a money loser, but stupid enough to think that crypto is a sure thing.
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Dec 29, 2021 23:07
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Related:
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Dec 30, 2021 13:30
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Look at all these rubes chasing NFTs when they should be getting in on the floor of the new hottness that is DAOs.
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Dec 30, 2021 14:33
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So what happens if you save someone else's NFT and then change metadata or one pixel so that the hashes no longer match?  NFTs have to be one of the stupidest loving things to come out of blockchain technology or the internet as a whole, ever.
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Dec 30, 2021 18:35
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D34THROW posted:So what happens if you save someone else's NFT and then change metadata or one pixel so that the hashes no longer match? I don’t think you understand NFTs. It’s actually way way way dumber than that.
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Dec 30, 2021 19:33
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D34THROW posted:So what happens if you save someone else's NFT and then change metadata or one pixel so that the hashes no longer match? See, you’d think that would matter. But it doesn’t, because you don’t quote-unquote own the image hash, you own the right to have your name associated with a URL. And no, you don’t control what image is hosted at that URL either for said purchase. There’s nothing stopping one of these hosts from replacing your ugly primate drawing with, say, an image of GOATSE.
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Dec 30, 2021 20:38
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notwithoutmyanus posted:Yes, indirectly but yeah. I control a hedge fund under said butt exchange, and I legitimately need to spin up my own exchange and call it butt.exchange or rear end.exchange. I think that'd be fun. Guys, I know crypto is really dumb, yep, we're all agreed on that. But I'm making money from it right now, so I'm invested even though everyone else in the space is a dummy, lol. I'm not saying you should invest, though--unless you're really aware that crypto is stupid, the way I am. Only invest in crypto if you're self-aware like me, because then you'll make money like me and my clients. I think there's only 5 or 6 months left to make money in crypto, so if you're in on the joke like me, you can make money for a little while. PMs are open if you have questions, I guess  BonerGhost posted:Too bad we don't teach probability in primary school. Of course, none of the predatory industries relying on ignorant people would appreciate that. We ran the numbers on a bunch of casino games in one of my high school math classes, eventually figuring out which game will lose all your money the slowest... but yeah I look at how we spent a year in loving geometry vs. a few days on the most basic probability/statistics poo poo, and I think it should've been the other way around. I'm not one to whine about teaching "useless" subjects (read: not necessary to be a Doordash driver)... but I never used geometry stuff again after I took trig, while I use statistics all the loving time.
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Dec 30, 2021 21:38
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The American high school math curriculum is designed to produce engineers who can build rockets to beat the Soviets to the moon and it's past due for a refresh, but any reforms worth passing are going to require us to retire a generation of math teachers and recruit people who have the option of pursuing a less awful career.
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Dec 30, 2021 21:43
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Pham Nuwen posted:We ran the numbers on a bunch of casino games in one of my high school math classes, eventually figuring out which game will lose all your money the slowest... I'm hoping it's properly-played blackjack, because I adore blackjack and will, before I die, play in a casino I'm not talking full-on card counting, but maybe a general awareness of face cards versus number cards remaining in the shoe, hit/stand/double versus various dealer upcards, etc.
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Dec 30, 2021 22:17
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It’s single-0 roulette
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Dec 30, 2021 22:20
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IIRC, the casino games where you lost money the slowest were in order: - Blackjack playing basic strategy (lose about 1% - i.e., gamble $100 and get back $99) - Certain craps bets were 50/50 breakeven odds - Video poker/blackjack machines with progressive jackpots when the jackpot got high enough could be positive money - Blackjack with card counting is positive money (but you have to be very careful not to get caught)
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Dec 30, 2021 22:26
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poker, if youre cool w stealing money from old peeps
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Dec 30, 2021 22:38
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FMguru posted:IIRC, the casino games where you lost money the slowest were in order: If blackjack is -0.01 EV, then isn't that lower than a crap bet at +0.00 EV?
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Dec 30, 2021 23:09
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Mantle posted:If blackjack is -0.01 EV, then isn't that lower than a crap bet at +0.00 EV? The crap bets that have no house edge (the numbers) require you to have placed a bet on the pass line, which DOES have a house advantage
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Dec 30, 2021 23:15
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Mantle posted:If blackjack is -0.01 EV, then isn't that lower than a crap bet at +0.00 EV?
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Dec 30, 2021 23:16
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FMguru posted:IIRC, the casino games where you lost money the slowest were in order: I vaguely recall just betting the pass line on craps was the slowest way to lose your money in a casino while you drank as much as you could.
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Dec 30, 2021 23:18
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This all sounds complicated. Just play Baccarat and don't bet on ties. You can't get a positive expected value but you also don't have to remember or understand poo poo.
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Dec 30, 2021 23:35
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Nephzinho posted:I vaguely recall just betting the pass line on craps was the slowest way to lose your money in a casino while you drank as much as you could. If you play pass and don't pass at the same time, you will never win any money but will only lose money when a 12 is rolled on the come-out roll (on a 12 your pass line bet will lose and your don't pass bet will push). At typical table speeds this means you'll lose a bet about once every two hours. Some casinos won't let you play both sides and also it would be boring as hell standing there doing nothing while everybody else is making bets all over the table. But if standing around a smoke-filled table drinking well liquor for hours is your idea of a good time, you can indeed do it while losing only $5-10/hour or so, assuming your casino gives free drinks and you tip the bare minimum required to continue to get service.
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Dec 30, 2021 23:43
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Why are you all going to casinos with the intention to not lose money? Isn’t that the point?
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Dec 30, 2021 23:58
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Casinos are objectively awful places and there's an ongoing pandemic so it's really no surprise people are YOLO-ing crypto and stock options
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Dec 30, 2021 23:58
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lifg posted:Why are you all going to casinos with the intention to not lose money? Isn’t that the point? Every few years one of my brothers would decide they were going to do something big like a birthday or a bachelor party at a casino and I would be forced to go, where my goal was to drink heavily and lose as little money as possible while entertaining myself watching a brother's dumbass friend go to the atm over and over again.
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Dec 31, 2021 01:11
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https://youtu.be/awcx-gTQDLM
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Dec 31, 2021 01:32
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The only thing worse than a casino are playing slot machines in a gas station or fast food place. Illinois legalized slot machines for the whole state and all sorts of places started putting in 1-2 slot machines in a corner. Always depressing seeing someone sit in a gas station for an hour losing money.
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Dec 31, 2021 02:00
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lifg posted:Why are you all going to casinos with the intention to not lose money? Isn’t that the point? You go to casinos with the intention of spending money for entertainment. If you actually win and take home more money than you started with, count that the same as finding $100 on the sidewalk after a movie.
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Dec 31, 2021 03:16
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Bird in a Blender posted:The only thing worse than a casino are playing slot machines in a gas station or fast food place. Illinois legalized slot machines for the whole state and all sorts of places started putting in 1-2 slot machines in a corner. Always depressing seeing someone sit in a gas station for an hour losing money. Back in rural North Carolina we had a corner store with video poker machines and there would be people there at 6am betting for tokens or whatever the reward was. You couldn’t gamble for cash but I think people would make deals with the shop owner to exchange for cigarettes and poo poo. In those days you could smoke inside too, weird now remembering going into a gas station where the clerk would be smoking. NFTs are so, so stupid. I have a friend high on NFT farts and he describes it as a financial product, rather than the purchase of a good. He doesn’t care if someone steals the picture of his stupid ape or whatever, he views it as “now I’m invested in the weed industry” as if was a share in an ETF. He also views it as a ticket to admission to a social club that also has events or physical locations. Like his NFT purchase is the membership card that gets him into any stoner ape club in the world. I don’t know if any “clubs” or “events” actually exist, nor is it at all clear how an NFT signifies “investment” in any industry. But I found it interesting how little he cared about the idea of “owning” the actual image, like that wasn’t the point at all. For him it’s a shitcoin with a cute avatar. He genuinely thinks he will trade NFTs for a year and make so much money he won’t have to work ever again. It’s tough seeing a friend fall for a get rich quick grift.
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Dec 31, 2021 03:38
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Bird in a Blender posted:The only thing worse than a casino are playing slot machines in a gas station or fast food place. Illinois legalized slot machines for the whole state and all sorts of places started putting in 1-2 slot machines in a corner. Always depressing seeing someone sit in a gas station for an hour losing money. Seeing obviously down and out people with a stack of scratch offs is basically the same thing 
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Dec 31, 2021 03:46
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Bird in a Blender posted:The only thing worse than a casino are playing slot machines in a gas station or fast food place. Illinois legalized slot machines for the whole state and all sorts of places started putting in 1-2 slot machines in a corner. Always depressing seeing someone sit in a gas station for an hour losing money. I have a Facebook Friend From Back Home who regularly posts pictures of his big winning receipts from the gas station slot machines. Everyone else is like "wow how are you always so lucky" while I'm in awe at how much money must have to be feeding into that machine to come up with so many decent-sized payouts.
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Dec 31, 2021 04:20
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Betting the pass line is probably the lowest house advantage in a casino, 1.4140 house edge. If the come out roll sets a point on 4-6, 8-10 you can lay odds and further decrease the house’s edge - the higher odds the table offers the lower the edge (but higher the stakes). You could take a buy bet that’s basically the same thing but you have to watch out for the juice, lower percentage means better odds. If lay bets didn’t have any juice they’d be neutral EV with no house edge.
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Dec 31, 2021 04:38
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Craps is for 35 year old boomers
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Dec 31, 2021 05:31
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Gambling chat almost led me to report a former client contact contact for fraud risk. The conversation started out talking about how fun blackjack can be and ended with them reviewing all the casino options within a day’s drive and how often they go, their foolproof strategies for winning slots, and their substantial rolling scratch off balance at the convenience store on the first floor of the office building. I may have been a narc if they had had any access to accounting or finance privileges.
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Dec 31, 2021 06:09
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Democratic Pirate posted:Gambling chat almost led me to report a former client contact contact for fraud risk. The conversation started out talking about how fun blackjack can be and ended with them reviewing all the casino options within a day’s drive and how often they go, their foolproof strategies for winning slots, and their substantial rolling scratch off balance at the convenience store on the first floor of the office building. I may have been a narc if they had had any access to accounting or finance privileges. Someone at my former job made off with 75k because of gambling debts, only got caught because he kept doing it even after they became aware money was slipping away somehow and put safeguards in place. If he'd just cut it at that point he'd have gotten away with it scot free.
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Dec 31, 2021 10:33
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PurpleXVI posted:Someone at my former job made off with 75k because of gambling debts, only got caught because he kept doing it even after they became aware money was slipping away somehow and put safeguards in place. If he'd just cut it at that point he'd have gotten away with it scot free. They don't call it an addiction for nothing :/
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Dec 31, 2021 10:43
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Nephzinho posted:I vaguely recall just betting the pass line on craps was the slowest way to lose your money in a casino while you drank as much as you could. And they won't "rate" your play. So you don't get poo poo like buffet coupons. People look forward to those "comps," that nowhere cover their losses, but with "free" drinks no other comps are "earned" on pass line+odds players. Don't Pass has a 0.01% better house edge, but it's likely to piss off everybody around you. Baccarat, the "James Bond" game, has the lowest house edge of any casino game. Good luck finding a low stakes table, lol. The high stakes tables the casinos open have all sorts of supertitions involved like ripping up cards the players don't like and tracking cards and bets on paper. That sort of behavior is tolerated with the amount of money they throw down per hand.
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Dec 31, 2021 12:06
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I would think Pai Gow (poker or tiles) would be a slow money loser because even though the house edge is like a percent and a half higher than "properly played" blackjack most of the time you push with the dealer and the game is way slower just in terms of hands per hour.
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Dec 31, 2021 16:40
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bob dobbs is dead posted:poker, if youre cool w stealing money from old peeps My brother lives in Vegas and plays "professional poker" when he's not working a casino cage 😂
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Dec 31, 2021 17:11
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On the other hand, there's so many promotions and incentives right now (that are not free drinks/rooms/comps) in the online sportsbetting/casino space that you can make a lot of money if you restrict yourself to only playing when there is an EV advantage. The vast majority of people will not, so that's the trap. Gigantic disclaimer/warning: you must be able to be extremely disciplined and regimented in your approach. Never chasing losses and adhering strictly to the promotion or strategy when the EV is >$0. Never play anything with a below <$0 EV or 100% RTP.
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Dec 31, 2021 18:28
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