Do You Think You Can Beat The Casino?
For those of you, who have thought of foolproof betting systems, read on. As you should already know, there are no poor bookmakers or casinos. To put it simply, a bookmaker, makes the books. They are like accountants who grab their share by keeping the odds on their side.
Back in 1654 mathematical genius and self employed shoeshine agent, Pascal, devised a gambling system to beat the dealer. This is the first recorded instance of probability theory. Previously gambling odds were a bit of a hit or miss.
The system revolved around increasing each consecutive bet to cover the losses of the previous bets and make a little profit on top when the win finally comes through.. To this day people still think they can beat the dealer only to find out that they eventually hit the table limits before they win, losing the lot. That’s the reason for maximum betting.
If someone wants to bet 10k on the spin of the wheel all day long, I’m sure the casino will accommodate. After all, they have about a 3% house edge but the table limits are set out to kill off Pascal’s advantage over the house.
One of my friends seems to come up with elaborate betting schemes. When we go to the casino, I just escape to the bar. I do pretty well at blackjack and more often than not cover my night but I never see casinos as a get rich quick scheme. Well not since my college days when I was on a winning streak. Three months with my entourage. Money was cheap, I invited friends & family out on a daily basis, buying the food & drink off my regular winnings. Why three months? Well one fateful day I walked in and lost the lot. Well most of it. I kept enough to see me by for the rest of the college year & never went back to the casino for 2 years. Nowadays, I still feel confident at the blackjack tables but I just go to the casino for the atmosphere, the company, food & drink. I play within my budget and never leave the casino kicking myself because I lost x amount.