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M

Mdm Tang

Guest
House edge is something which is very hard to explain technically. I also don't quite know how to explain it fully.

Lets assume that Banker has approximately 2% advantage over player, it means that on the average, out of 100 games, banker will win 51 times whilst player will win 49 times and the house advantage will be 3% (5% - 2%), which means that on average, if we turnover $100, we will lose $3. Thats why for every $100 that we rolled, the casino operator will give those rolling companies about 1.8% and in turn we get 1%. So for every $100 that we rolled, the casino make $1.20, the rolling company make $0.80.

However, money management is indeed a key factor. However, my take on money management is more on bankroll factor, cut loss factor and not on progressive betting when losing.

Irregardless of whichever system that one play, if I place my bet in such a way that if I win, I only win a little and if I lose I lose a lot, then theres no way we can win against casinos and thats exactly how all of us place our stake and that is why all of us ended up losers and our losing stories are the same. Henceforth the winning method is obvious and thats what I meant by money management.

That means those double up or 3 units up etc, is something which I think is a no-no as 20 losing hands can happen, not to even talk about 10 losing hands in a row.

The surest way to win is to use the martingale. Unfortunately, with limits imposed, we cant use the martingale. Playing semi-martingale is a disaster for working class people because of our limited capital. We cant withstand the lose. Based on the law of chance, out of 10 times, we will guess 5 times right and 5 times wrong, the problem with us is that out of the 5 times that we guess correctly, we usually only win about 5 units and out of the 5 times that we guess wrongly, we lose more than 5 units and so the nett result is a lose thats why almost all of us usually end up as losers. This is natural.



http://wizardofodds.com/gambling/bettingsystems.html

The Martingale system is a progression betting system, where you start with a basic unit and double the bet from round to round, until a win recovers previous losses. The idea behind the Martingale is that since no cold streak runs forever, the player will eventually win the bet and recover previous losses.

Like other progressive methods the Martingale is suitable for even bets, like the ones featured on Roulette (ex. red/black), Baccarat, Casino War, Craps, and every bet that has a 50-50 probability or close to it.

The Martingale only works for players who play with small stakes, because otherwise it's easy to go over the maximum table limit, and then there's no chance to recover the losses. Playing at a table with a low minimum limit (ex. $1) is more suitable in this case, and the player needs at least a $200 bankroll to stay afloat along the losses.

The system is profitable only for the short run. For example, when playing a red/black bet on the European Roulette, the odds aren't exactly fifty-fifty, because of the zero slightly increases the odds to lose the bet. The same goes for Baccarat's player/banker bet, because of the possibility of a tie. Therefore, the system can't run indefinitely, and it should be stopped after a short period.

How the Martingale System Works
1) A player using the Martingale system sets a basic betting unit (ex. $1) and keeps it as long as the bets are winning. (Sticking to the same bet, ex. betting only on Red in Roulette).

2) When the player has a losing bet, he doubles the next bet to make up for the loss. So, if the basic unit was $1, the player will bet $2. If the next bet also loses, the player doubles again to $4.

3) Once the player wins again, he goes back to the basic unit ($1 in our example).

There is also an Anti-Martingale betting strategy, where the pattern is used in reverse and the player doubles after a win, and goes back to the basic unit after a loss.

More about the Martingale
- The origin of the Martingale system is in probability theory, where a martingale means a sequence of random values.
- It's known to have been put to use as a betting system since the 18th century in France.
- It was based on a simple head/tails coin flip.
- The Anti-Martingale approach is more common in the field of financial speculation and stock trade to reduce losses during unprofitable periods.

How does the Super Martingale work?

The Super Martingale gambling system works in exactly the same way as the standard Martingale system, but it adds an extra unit to each bet in order to return a larger profit on larger bets.

As long as you're winning, you keep to a 1 unit stake. Every time you lose, you double your stake to win back your losses, but the Super Martingale system adds on another unit to win an extra profit of 1 unit.

Sequence


The theory may sound complex, but you don't need to understand it - you just need to follow the following sequence of wagers in a losing streak:

1
3
7
15
31
63
127
255
511
1023
2047
4095 etc

Guaranteed profit (?)

As with the Martingale system, you're guaranteed to make this profit, unless you hit a long losing streak. The main problem, of course, is that you are asked to risk a lot in order to win a little.

This gambling system is another favourite with roulette players.

Reality check

But the losses mount even more quickly than the standard Martingale, so the two factors of bankroll and house limits (see Martingale verdict) are even more relevant.

Your wins are greater with the Super Martingale system, so you can achieve a profit much quicker, but hit that losing streak and you'll be gambling with that accumulated profit.

High-risk system

If you're a high-risk gambler who enjoys the thrill of placing large bets for modest returns, the Super Martingale gambling system will suit you down to the ground.

But we would advise you to understand the nature of winning and losing streaks, bear in mind our overall gambling strategy and decide for yourself if you want to take the risk of 7 consecutive losses resulting in a loss of almost 250 betting units.


The Super Martingale system - tested


1. Alternating win (W,W,L,W,L,L,W,L,W,W,L,W)
2. Alternating loss (L,L,W,L,W,W,L,W,L,L,W,L)
3. Consecutive win (W,W,W,L,L,W,W,L,W,W,W,L)
4. Consecutive loss (L,L,L,W,W,L,L,W,L,L,L,W)
5. Good win (W,W,W,W,L,L,W,W,W,W,W,W)
6. Bad loss (L,L,L,L,W,W,L,L,L,L,L,L)



12 units profit
10 units profit
10 units profit
12 units profit
12 units profit
114 units loss
 
M

Mdm Tang

Guest
hi bro,

House edge is something which is very hard to explain technically. I also don't quite know how to explain it fully.

It's something like in Baccarat Banker 6 bets has to pay a commission of 50%. The more bets spreaded in a shoe, the exposure to B6 is higher than spreading less bets out. Something along the lines like this.

However, money management is indeed a key factor. However, my take on money management is more on bankroll factor, cut loss factor and not on progressive betting when losing.

That means those double up or 3 units up etc, is something which I think is a no-no as 20 losing hands can happen, not to even talk about 10 losing hands in a row.

********************************************************

Dear SilverFox,

can you comment whether Genting will ban/stop any one from using the Matigale system ? thks
 

sohbuckkong

Alfrescian
Loyal
********************************************************

Dear SilverFox,

can you comment whether Genting will ban/stop any one from using the Matigale system ? thks

Genting will not ban anyone from playing any system. But I do hear about Leisure world banning a Japanese man because he was too good in blackjack, how true I am not too sure.
 
M

Mdm Tang

Guest
Win at Casino Baccarat
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FEATURING

BACCARAT JARGON
HOW TO PLAY
CARD VALUES & TOTALS
RULES OF BACCARAT
CHARTING A TABLE
PAYING YOUR COMMISSION
YOUR RANGE OF BETTING
BACCARAT PAYOFFS
ODDS AND HOUSE EDGE
NO TAX BACCARAT
MINI-BACCARAT
MARTINGALE
ANTI MARTINGALE
D'ALEMBERT
PAROLI
LABOURCHERE
OSCAR GRIND
READING PATTERNS
PATTERNS ILLUSTRATION
HOW TO PLAY PATTERNS?
BACCARAT SCORECARD
BACCARAT STREAK
BACCARAT WINNING FORMULA
A DISCIPLINED APPROACH
MONEY MANAGEMENT






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However, to cover our shipping and handling charges, we would ask for a refundable deposit of US$30. If you are not satisfied with the book, you may return the book within one month for a full refund of your deposit less shipping and handling charges. We stand behind all our products.

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MAIL TO:

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27 Oxley Road, Orchard Court #02-08

Singapore 238621



After transfer of funds, all orders will be processed immediately. All funds are to be in US DOLLARS. Alternatively funds may be remitted to our UOB account 217-143-663-1 in Singapore.
 
M

Mdm Tang

Guest
Does this really work? So if everybody plays like this and win money, the casino becomes a charity? Really that good ar....


**********************************************

remember what sohbuckkong say early :


the greatest enemies is our own selves : we can win the casino but
in the end we only lost to ourselves becuase we are greedy and we
divert from our discipline and our strategry . Our Greed drstroy us ...
 
M

Mdm Tang

Guest


My Dear Dear "the gambler888 " you are indeed a man /woman of few word...To make a living as a gambler is Not easy ...

We read of SohBuckkong , Silverfox etc... etc... if you read between the line you will discern ( hopefully ) that they have gone through "fire and brinestones" meaning got burn many times and paid maybe millions of dollars of tuition fees...

therefore appreciate their real life lessons ...
 
M

Mdm Tang

Guest
Do you guys really believe you can win money

http://en.wikipedia.org/wiki/Gambling_addiction

Problem gambling (ludomania) is an urge to gamble despite harmful negative consequences or a desire to stop. The term is preferred to compulsive gambling among many professionals, as few people described by the term experience true compulsions in the clinical sense of the word. Problem gambling often is defined by whether harm is experienced by the gambler or others, rather than by the gambler's behavior. Severe problem gambling may be diagnosed as clinical pathological gambling if the gambler meets certain criteria. Although the term gambling addiction is common in the recovery movement[1] pathological gambling is considered to be an impulse control disorder and is therefore not considered by the American Psychological Association to be an addiction.[2]
Debate exists over how problem gambling should be defined.[3] Research by governments in Australia led to a universal definition for that country which appears to be the only research based definition not to use diagnostic criteria.
Problem gambling is characterised by many difficulties in limiting money and/or time spent on gambling which leads to adverse consequences for the gambler, others, or for the community.[4]
Most other definitions of problem gambling can usually be simplified to any gambling that causes harm to the gambler or someone else in any way. However, these definitions are usually coupled with descriptions of the type of harm or the use of diagnostic criteria such as the South Oaks Gambling Screen, [5] Canadian Problem Gambling Index [6] or the Victorian Gambling Screen [7].

Extreme cases of problem gambling may cross over into the realm of mental disorders. Pathological gambling was recognized as a psychiatric disorder in the DSM-III, but the criteria were significantly reworked based on large-scale studies and statistical methods for the DSM-IV. As defined by American Psychiatric Association, pathological gambling is an impulse control disorder that is a chronic and progressive mental illness.
Pathological gambling is now defined as explained by a manic episode:
1. Preoccupation. The subject has frequent thoughts about gambling experiences, whether past, future, or fantasy.
2. Tolerance. As with drug tolerance, the subject requires larger or more frequent wagers to experience the same "rush".
3. Withdrawal. Restlessness or irritability associated with attempts to cease or reduce gambling.
4. Escape. The subject gambles to improve mood or escape problems.
5. Chasing. The subject tries to win back gambling losses with more gambling.
6. Lying. The subject tries to hide the extent of his or her gambling by lying to family, friends, or therapists.
7. Loss of control. The person has unsuccessfully attempted to reduce gambling.
8. Illegal acts. The person has broken the law in order to obtain gambling money or recover gambling losses. This may include acts of theft, embezzlement, fraud, forgery, or bad checks.
9. Risked significant relationship. The person gambles despite risking or losing a relationship, job, or other significant opportunity.
10. Bailout. The person turns to family, friends, or another third party for financial assistance as a result of gambling.
As with many disorders, the DSM-IV definition of pathological gambling is widely accepted and used as a basis for research and clinical practice internationally.

Biological basis
According to the Illinois Institute for Addiction Recovery, recent evidence indicates that pathological gambling is an addiction similar to chemical addiction. It has been seen that some pathological gamblers have lower levels of norepinephrine than normal gamblers.
According to a study conducted by Alec Roy, M.D. formerly at the National Institute on Alcohol Abuse and Alcoholism, norepinephrine is secreted under stress, arousal, or thrill, so pathological gamblers gamble to make up for their under-dosage.
Further to this, according to a report from the Harvard Medical School Division on Addictions there was an experiment constructed where test subjects were presented with situations where they could win, lose or break even in a casino-like environment. Subjects' reactions were measured using fMRI, a neuro-imaging technique very similar to MRI. And according to Hans Breiter, MD, co-director of the motivation and Emotion Neuroscience Centre at the Massachusetts General Hospital, "Monetary reward in a gambling-like experiment produces brain activation very similar to that observed in a cocaine addict receiving an infusion of cocaine."
Deficiencies in serotonin might also contribute to compulsive behavior, including a gambling addiction

Relation to other problems
As debts build up people turn to other sources of money such as theft, or the sale of drugs. A lot of this pressure comes from bookies or loan sharks that people rely on for capital to gamble with. Also, a teenager that does not receive treatment for pathological gambling when in their desperation phase may contemplate suicide.[8]
Abuse is also common in homes where pathological gambling is present. Growing up in such a situation leads to improper emotional development and increased risk of falling prey to problem gambling behavior.
Pathological gambling is similar to many other impulse control disorders such as kleptomania, pyromania, and trichotillomania. Other mental diseases that also exhibit impulse control disorder include such mental disorders as antisocial personality disorder, or schizophrenia.
Other problems associated with compulsive gambling can be personal relationships. In a 1991 study of relationships of American men, it was found that 10% of compulsive gamblers had been married three or more times. Only 2% of men who did not gamble were married more than twice. [9]

A study by the United Kingdom Gambling Commission, the "British Gambling Prevalence Survey 2007", found that approximately 0.6% of the adult population had problem gambling issues, the same percentage as in 1999. The highest prevalence of problem gambling was found among those who participated in spread betting (259%), fixed odds betting terminals (11.2%) and betting exchanges (9.8%).[10]
Available research seems to indicate that problem gambling is an internal tendency, and that problem gamblers will tend to risk money on whatever game is available, rather than a particular game being available inducing problem gambling in otherwise "normal" individuals. However, research also indicates that problem gamblers tend to risk money on fast-paced games. Thus a problem gambler is much more likely to lose a lot of money on roulette or slot machines, where rounds end quickly and there is a constant temptation to play again or increase bets, as opposed to a state lottery where the gambler must wait until the next drawing to see results.
Henry Lesieur, a psychologist at the Rhode Island Hospital's gambling treatment program, say thirty percent of the profits from gambling machines come from problem gamblers.[11]
Dopamine agonists, in particular pramipexole (Mirapex), have been implicated in the development of compulsive gambling and other excessive behavior patterns (e.g., PMID 16009751

The most common instrument used to screen for "probable pathological gambling" behavior is the South Oaks Gambling Screen (SOGS) developed by Lesieur and Blume (1987) at the South Oaks Hospital in New York City. This screen is undoubtedly the most cited instrument in psychological research literature.[12] In recent years the use of SOGS has declined due to a number of criticisms including that it over-estimates false positives.
The DSM-IV diagnostic criteria presented as a checklist is an alternative to SOGS, it focuses on the psychological motivations underpinning problem gambling and was developed by the American Psychiatric Association. It consists of ten diagnostic criteria. One screening measure based upon the DSM-IV criteria is the National Opinion Research Center DSM Screen for Gambling Problems (NODS). This measure is currently used frequently. The Canadian Problem Gambling Severity Index (PGSI) is another newer assessment measure. The PGSI focuses on the harms and consequences associated with problem gambling.
A variety of treatments exist for pathological gambling including counseling, self-help groups, and psychiatric medications. However, no one treatment is considered to be most efficacious and no medications have been approved for the treatment of pathological gambling by the US Food and Drug Administration (FDA).
Gamblers Anonymous (GA) is a commonly used treatment for gambling problems. Modeled after Alcoholics Anonymous, GA uses a 12-step model that emphasizes a mutual-support approach. Meetings are free and are held most nights of the week. See the GA website for meeting times and locations.
One form of counseling, cognitive behavioral therapy (CBT) has been shown to reduce symptoms and gambling-related urges. This type of therapy focuses on the identification of gambling-related thought processes, mood and cognitive distortions that increase one’s vulnerability to out-of-control gambling. Additionally, CBT approaches frequently utilize skill-building techniques geared toward relapse prevention, assertiveness and gambling refusal, problem solving and reinforcement of gambling-inconsistent activities and interests.
There is evidence that the SSRI paroxetine is efficient in the treatment of pathological gambling.[13] Additionally, for patients suffering from both pathological gambling and a comorbid bipolar spectrum condition, sustained release lithium has shown efficacy in a preliminary trial.[14] The opiate antagonist drug nalmefene has also been trialled quite successfully for the treatment of compulsive gambling.
Most treatment for problem gambling involves counselling,
 
M

Mdm Tang

Guest
When I limit my number of hands per shoe that I bet to only 10 hands where I actually placed a bet, the feeling is very bored.

But you just tell yourself 1 thing. You rather feel bored and win or you rather play shiok shiok and lose?


Dear Bro SilverFox ...

Where are you...

Please let us know the Difference Between A Addicted Gambler and a
Profeesional Gambler .... PLEASE ? thank you
 

silverfox@

Alfrescian
Loyal
Play S$10/- per hand and please use Martigale system...

i made S$170/- today at Long Jie

Does this really work? So if everybody plays like this and win money, the casino becomes a charity? Really that good ar....

Martingale system is a system which works on a big limit table. But it has its flaws.

Just think about losing 10 hands in a row. Don't say its not possible.
One could be winning for 30 days in a row. But on that 1 single day of using Martingale, it could wipe out at least 15 days or even more than your 30 days of winnings.

And even big limit tables has its limits.

I am not a firm believer of Martingale but by using Martingale, one has to use it smartly in a way that you can increase your bets and yet not go over the limit.
:p
 

silverfox@

Alfrescian
Loyal
Dear Bro SilverFox ...

Where are you...

Please let us know the Difference Between A Addicted Gambler and a
Profeesional Gambler .... PLEASE ? thank you

I don't really know how to explain this.
Everyone is an addict in his own way.

Example, a person could spend >12 hours a day on his work, working 7 days a week. After work, he still brings his work home to do and the cycle repeats.
Can we say this person is addict to his work?

Then turn around to a gambler, he makes his living in a casino. He does it 7 days a week. So does it make him an addict to gambling.

So its how people discern one as an addict. It's a very thin line to differentiate.

Problem addict to gambling is someone who has no more money and keeps borrowing, or even resort to begging stealing in order to feed the habit.

I can only say when you win everytime you go to casino.
People don't call you an addict anymore. People start worshipping you like God of Gambler. :o
 
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