Betting Sites With A Low Minimum Deposit - Alpha Sports

29M Just can't stop gambling, it's gotten very bad

Hi guys,
I thought I'd give this community a go into helping me through my addiction and gain some advise.
Here is my story and I will finish with my final situation where making me think there is no end to this addiction and have no idea what to do.
My gambling addiction began when I was 13 years old playing habbo hotel, I used to steal or take my dads phone and buy credits where you could then gamble for more credits, this went on for many years where I became quite involved in the underground gambling in the habbo community.
Once I got a job full time at the age of 16 I started spending all my pay on habbo credits , online poker and RuneScape gold , I did this about 4 years while living at home for free.
At the age of 20 I moved in with my partner & as you can imagine with my gambling addiction I failed to pay bills after relying on maxing out my credit cards , told of 18k and my personal loan a total of 12k, after the credit ran out I could no longer keep lying to my partner and she ended up leaving me.
At the age of 23 , heartbroken and depressed I hit the gym real hard and didn't gamble for around 6 months things were looking up but my illness snuck back, I stopped going to the gym and my addiction became even worse. I'd work two jobs and gamble all of my money I earned while at work in the toilets on my phone betting on horses greyhounds sports and online blackjack, I'd borrow money off family and lie why I needed it and felt horrible about it, I would always pay them back though.
At the age of 25 still in crippling debt , only paying the minimum repayments, I take a loan out for a car from my Dad where I pay him off weekly. A big loan too (stupid idea) I never missed a payment to him which I am proud of. I have a big family and my siblings have let them down , so I want to make them proud and not have them worry about which is why I never told anyone about my addiction.
At the age of 29, still in crippling debt and not making the monthly repayments , making excuses to pay my Father back his loan, sometimes even miss rent and then double up on my rent the following week and pretend I forgot, this was never me. I would always pay my bills first then gamble, now as soon as my pay arrives , I gamble more than I can afford.
Now, I know a lot of you here are going to suggest going to GA, I tried that and when they ask if I've gambled again I can't help but lie and say no I haven't gambled because I don't want to let anyone down and I feel embarrassed about it.
I can't talk to my parents about it because they wouldn't understand and I feel too embarrassed about it and really don't want to let them down.
So here I am typing to you al at midnight , as I cant sleep because I'm so disappointed in myself, it's pay day and I just blew my months salary, I can't pay rent for the month, I can't make any of my repayments, including my dads loan , I have no money food & no gas to get to work tomorrow. All because I got paid and I thought I would have a play with $100 next thing , the whole lot is gone within a hour.
This is seriously rock bottom for me and I feel there is no way out of this hole, thanks so much for reading my story. I feel better getting it off my chest.
TLDR rock bottom any help is appreciated
submitted by Ok-Committee-1981 to problemgambling [link] [comments]

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submitted by freispiele to u/freispiele [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

This is not mine, the creator of this is u/enderpiet

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.
Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.
Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.
Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.
Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.
Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.
6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.
5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.
4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.
3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules:https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.
Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.
2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.
But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1
Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.
The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.
But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato
1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.
2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.
And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.
Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by sircore to gtaonline [link] [comments]

Discover the Benefits of Betting Online through Sportingbet

Discover the Benefits of Betting Online through Sportingbet
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Online betting has gained more and more popularity throughout the years and nowadays, when people like to have convenient things at hand, it gets even better. There are many dedicated platforms for betting enthusiasts and it is possible to enjoy the best features, largest markets, the best odds and excellent customer support. Sportingbet and Racebets are just two examples if what you can find out there and they exceed expectations and offer great promotions.

Why Choose Sportingbet

To attract new members and keep them entertained and engaged, bookmakers have to offer different features and promotions. Welcoming promotions are a great way to incite punters and Sportingbet is no exception, because it offers some great bonuses. Everyone loves to receive something back once they make a deposit, more money to bet, and more opportunities to win cash. For instance, you need to register at this bookmaker, as a new member, deposit £10 minimum, place a bet at odds of 1/1 or greater and in case you lose the first bet, you will receive additional £10 back, to use as free bet.
Once you become a member on the platform, you have the opportunity to look around and explore functionalities, find out what markets are covered, if you like the style and the layout, and more. After placing a few bets, you will know if it suits your preferences and if it is the place where you would like to return. Considering there are so many possibilities out there, it is worth going through the best choices for betting platforms and decide if they are worth your time and money. Some of the most important aspects to look into refer to licenses and regulations, because they have to be safe and secure for all transactions.

What is Racebets

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Some bookmakers focus specifically on certain markets. A good example is Racebets , directed towards horse racing fans. It is highly recognized among enthusiasts in the category and worth knowing. From the year it was launched, in 2005, it became a leader in the horse racing betting world. You can easily find races from across the world and navigate through the website effortlessly. The best part is that it is licensed and you don’t have to worry about security issues. Betting is safe and you can withdraw your winnings at any point.
As soon as you access the platform, you will find a high number of odds and you can take advantage of them immediately. Some of the features offered include live streaming, special offers, betting tips, and useful statistics. All this information is highly useful if you want to make the most out of the betting experience and increase your winning chances. Navigation is straightforward and you will easily find what you need. New members are welcomed with a bonus, to make the most out of the betting and enjoy more, even if you lose at first.
As soon as you start placing bets on Sportingbet , it is good to know that you can use the additional resources, such as predictions and statistics. These help spice the game and you will gain knowledge that will make the betting even better. Not to mention that mostly in all cases it is good to know something about the teams, players, and their past performance, because in this manner you can predict the outcome better and get the most out of your time and money.
Claiming the Sportingbet welcome bonus is easier than you think. It takes a few minutes to register and there are no complications. Of course, your identity will be verified, so you have to add a few important information. This is the bookmaker’s way of making sure that all members are eligible for betting and no rules are broken. After you receive the confirmation on your email address, you can log in, make a deposit using the desired method and follow the given directions to claim the bonus.
You can deposit whatever amount you want at first, but certain welcome bonuses require a minimum sum. It is a good idea to resume to this amount at first, just to test out functionalities and see whether you like the website and how it responds. On Sportingbet, if you deposit a minimum amount of £10, you will receive £10 back, as long as you place bets with odds of 2.0 or higher. There are no hidden rules, everything is simple and put in the open.
The welcoming bonus idea has been very popular around punters and many are looking for their offer when signing up as new members. It is understandable, because who wouldn’t like to receive something in return for their money. Racebets does not fail to disappoint and has its own welcoming bonus. If you deposit and bet £10, you will receive £20 free bets on international racings. Use the bonus within 45 days after registration, so it doesn’t become invalid.
Racebets accepts many deposit methods, but not all of them qualify to receive the bonus. It is good to know from the beginning that Skrill, PayPal, Neteller, Paysafecard and pre-paid cards are not approved and if you use one of them, the bonus will not be added to your account. There are other bonuses worth knowing about, because existing members are also awarded and respected. These will boost your profits and betting experience and keep you entering the website more often.
If you are passionate about horse racing and want to have access to races from across the world, Racebets provides quick access to them. In addition, you can find other markets as well, including Greyhound races, to top up niche markets. It is good to know there are so many possibilities and that every punter can find a dedicated bookmaker online that satisfied his/her requests. Online betting is a great way to make some money out of passions, predictions, and knowledge. Some do it for fun, while others invest considerably in the experience and want to gain the most out of it.
submitted by DanielMasonn to u/DanielMasonn [link] [comments]

Trading The Betting Exchanges

Online trading from home is one of the fastest growing new home businesses in Great Britain today. But can the huge growth in online trading from home be sustained? And does this whole area of online business have an international future? I think it has, and so do thousands of others judging by the massive increase in liquidity in these markets in recent years.
The numbers of people working from home utilising the talents of the Internet continues to grow at breakneck pace and one of the largest areas of growth in Britain is Online Trading, both in sports and miscellaneous markets.
There are numerous advantages of setting up and running a sports or miscellaneous trading operation from home. Firstly overheads are kept to a minimum, there is no need for expensive office accommodation or expensive staff, and there is no requirement to buy stock or any possibility of bad debts. Secondly, any and all profits are completely tax free (in Britain presently at least, though you would need to check that stat in your area.)
The markets that you can trade from home are far too numerous to mention here, but are not confined solely to sports. Political appointments and results, stock markets, even reality TV show results are avidly followed by the growing army of online traders.
So what is the difference between online trading and gambling? Simple, in gambling you back a horse or a team in the hope that it wins. In online trading you buy a bet because you believe it to be of good value, and then you can sell it to someone else for more money if you wish, thus locking in a guaranteed profit regardless of the outcome of the race or event or whatever it is. Alternatively if you believe a bet to be overvalued you can sell it first, with the idea of buying it back at less money later on to make your profit. This operation was totally impossible with a traditional bookmaker prior to the invention of betting exchanges.
So what is the difference between trading the Dow Jones closing price on the stock market, to trading the same thing on a betting exchange? In my view, absolutely nothing at all, except of course the ridiculous advantage I previously mentioned that all your profits on the betting exchanges are untaxed. Little wonder then that serious businesses and serious money have been pouring into the betting exchanges in the past few years.
They also offer a hedging vehicle to balance existing trading in more traditional markets and here too the influx of business has been heavy and sustained.
Already there are countless books and courses available supposedly to tell you and teach you how to effectively trade these exchanges. As with all business books and manuals, some are brilliant and rapidly become bibles, while others need leaving in the nearest public convenience poste haste.
All this interest in online trading has brought a huge surge in liquidity that makes it so much easier to trade. On one exchange alone during a recent cricket match in excess of forty million pounds was matched, that’s about seventy million dollars. On one game!That’s a stat that is bound to make anyone think seriously about online trading.
Incidentally you can still get a free thirty-dollar bet with Betfair.com, the London based exchange, if you enter the code 6CHE3VPWJ when prompted. Take a look too at Betdaq.com, an Irish exchange based in Dublin that is going from strength. They have a very nice website packed with interesting markets and a comprehensive help section.
Betting exchanges are gaining credence and influence all the time and with each month that passes seemingly another country legalises the entire operation, and it would seem that it is only a matter of time before the large exchanges are completely legalised and accepted worldwide. The exponential growth in this sector is sure to continue, governmental interference being the only possible obstacle to their onward worldwide popularity. Little wonder then that this is one of the largest growth sectors for new start-up businesses, a fact that is bound to attract even greater interest as it continues to grow.
If you are thinking of starting a new online business from home, and if you have a talent for maths, you could do a lot worse than check out the whole business of online trading. Best of luck. http://forexmarket.site/news-66-network-marketing-why.html
submitted by Giuelith to Travelbroker [link] [comments]

How to Obtain the 10bet Free Bet

How to Obtain the 10bet Free Bet
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People are always looking for the best features and promotions when it comes to online betting. It is understandable, considering they impact the entire experience. Not to mention that online betting is very enjoyable and convenient and more and more punters are taking advantage of opportunities. There are some websites that stand out, offering great promotions and secure deposit and withdrawal methods. 10bet free bet and Fansbet free bet are some of the examples and they have certain terms and conditions to be able to use their free bets.

What Is 10bet Free Bet

The 10bet free bet is a welcoming bonus offered by the platform, to new members only. If you decide to become a new user, upon signing in and making an initial deposit, you will receive an additional amount in your account. In this case, the minimum deposit is of £15 and the bonus amount is up to 100% of the deposit. The amount will appear in your account immediately, but there are some terms and conditions on how to bet in order to obtain the bonus after all.
The minimum odds when you place bets have to be 1/1 on singles and the bonus turnover is in 30 days. In case you withdraw money before turnover results, your bonus will be cancelled. The platform is regulated and licensed and it is one of the most competitive out there, having a user-friendly interface and offering an exciting interface. There are many platforms out there and not all manage to stand out from the rest. Some have gained popularity because they are present in the industry for a long time, while others due to the ongoing promotions and bonuses.

Why Obtain Fansbet Free Bet

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Betting platforms want to attract members and reward them for their time and effort spent online. Bookmakers understand this concept and have exciting offers for users, such as Fansbet free bet . If you are a new customer, feel free to open an account, make a deposit of minimum £10 and you will receive a £5 free bet. In case you are passionate about casino games and want to explore this world as well, the website has a 300% casino welcoming bonus available. You can use it to get the most out of the game action and enjoy the variety of them at all times.
There are a few steps to follow in order to obtain the welcoming bonus, but everyone that has a valid email account and the desire to bet online will find the process effortless. • Visit the official website of Fansbet • Complete the sign-up process that takes a couple of minutes • Deposit minimum £10 using one of the methods that apply best to you • Start betting and the £5 will be credited to your account instantly • Enjoy the extra amount and experience the website’s features and available games
Besides the 10bet free bet , what also matters is what the website provides, how reliable it is, the interface, deposit and withdrawal methods, how many sports it features, and more. The website in discussion is very popular and if you take the time to look around, you will find out exactly why. It is sleek and very responsive and highly easy to use. On the homepage you will be able to find quick access to needed information, such as the day’s top events. You will find sports like greyhounds, horse racing and football.
On top of sports, you can find niche markets as well, because the website focuses on reality TV and politics as well. The platform covers public opinion and you can use it to access some of the most relevant information. A mobile application is available, in case you want to place bets and enjoy the 10bet free bet on your mobile device. In this manner, you can bet on the go and are not restricted to sitting in front of the computer. The application is highly optimized and it works perfectly on devices. The punter is in control thanks to modern gambling.
Obtaining competitive odds on every bet is crucial and not all platforms highlight this feature. Odds are decisive and they make a difference whether you win or lose money. Luckily, 10bet secures market’s best prices and this is admirable. In case you have any issue with 10bet free bet or are unable to obtain it, you can always contact customer support and find out more information. Additional data is available online, as many sources strive to present the best free bets and which platforms you should rely on.
Another popular platform is Fansbet and it is oriented towards certain markets as well. There are many sports available, especially football. Live betting and fantasy are accessible to punters, especially if they like to witness the game and place bets while in action. Those passionate about casino games will be glad to hear they can enjoy the most popular games and use the Fansbet free bet on more than 300 games, including slots, jackpots, scratch cards, and many others.
The mobile application does an excellent job and you can sign up and claim your Fansbet free bet from your mobile device. You will have access to your betting account and all sports and casino games, perfect for on the go betting. Considering how many people are using their mobile phones for everything nowadays, it is no wonder bookmakers have thought about developing applications, to attract members from all categories.
Deposits can be made using a range of methods, including Visa and MasterCard, Skrill, E-wallets, Neteller, Bank Transfer, Paysafecard, and more. After making the deposit, you can claim the Fansbet free bet and enjoy the variety of sports, use the odds, and start betting. All you need to do is create an account and the excitement begins. You have the freedom to decide when to bet, on what, how much time you want to dedicate and you can always discover new markets and increase your earnings. Everything is put at your disposal.
submitted by DanielMasonn to u/DanielMasonn [link] [comments]

How to Get Your Hands on Mobilewins Free Bet

How to Get Your Hands on Mobilewins Free Bet

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Online betting has become quite an experience for punters and it is no wonder why. There are so many features and functionalities to benefit from, not to mention the convenience and flexibility. Many platforms offer great support, are licensed and have welcoming bonuses to attract more members. Mobilewins free bet and Boylesports free bet are just some of the examples and these websites are worth your time. You can easily try out both sites or read along to decide upon one.

What Is the Mobilewins Free Bet

Betting platforms have welcoming bonuses to invite users online, convince them to make a deposit, place bets and enjoy the Mobilewins free bet. It is not that easy to decide upon a platform, because not only the bonus matters, but other factors, such as deposit and withdrawal methods, customer support, the interface and how user-friendly the website is, and more. If users look only at numbers, at one point they might end up disappointed with the decision, because quantity is not the decisive factor.
Not many bookmakers understand the concept and want to make a difference, they care about the number of members and their deposits, but in order to achieve this, they have to put an effort into their platforms. Some welcoming bonuses stand out and they impact the gaming experience after all. It is essential to discover the right ones and the ones suitable for your needs. For instance, if you like to bet on sports, you need to find a dedicated bookmaker that offers access to plenty events, from across the world. On the other hand, if you like casino games as well, some platforms manage to integrate these games for a complete experience.

Why Get the Boylesports Free Bet

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There are many reasons to get your hands on the Boylesports free bet . It is considerable and you can obtain it quite easily. First of all, you have to sign up and open an account. You will need an email address and an accepted deposit method. Afterwards, deposit a minimum amount of £10 and you can get up to £25 in free bets. The bets have to be placed within 30 days from when you opened the account, so you can redeem the bonus. The offer is limited to UK and Ireland residents. Before making a deposit, it is recommended to know all terms and conditions, to avoid any misunderstandings.
Even after you use the bonus, there are many reasons to stay a member and bet further, because there are additional offers. If you stay tuned on the website, you will discover promotions periodically and this is another reason to bet online. You can easily find specials for horse racing and football. Boylesports is one of the most renowned names in bookmaking in Ireland and punters benefit from great support and offers on horse racing. It all depends on what you are into and what you prefer to bet on.
Since there are many options out there, why not find the right one for you. Another popular offer is the Mobilewins free bet and people have many reasons to know about it. New users have to sign up, deposit £20 and get the £10 welcoming bonus. To take advantage of it, one condition is to stake on odds of ½. You can use it within 7 days from when it is credited and to make a withdrawal afterwards, it has to be wagered 10 times. You can also obtain the £20 casino bonus if you enter their promotional code. The main purpose is to test the platform’s features and see what it has to offer.
Many want to know if they can combine the Mobilewins free bet with other offers, but it is not always possible. However, you can combine the offer with certain tools, in order to spice up the game. It all depends on what is available at that time and what the bookmaker offers. When you have some extra money in your account, it improves the betting experience. This is because you will not be stressed about financial repercussions, but you will focus on the actual betting and rediscover for exciting it is.
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submitted by DanielMasonn to u/DanielMasonn [link] [comments]

looking for investors

My first poker game was five card draw in fourth period spare. We played in the hallway, outside of the lockers, until eventually a teacher shut us down. But we got in a few sessions. The second game I remember was on top of an internet cafe. Again we played five card draw. It was like a $5 or $10 buy in game. I remember once making a wheel and taking down the pot with a substantial bet; I showed my hand and there was debate over whether the ace even played as a one. Luckily no one had called me. At one point I dealt myself from the bottom of the deck. I wasn't cheating, I had literally no idea what the card was, I just dealt it to myself from the bottom. Stu, this big obese guy demanded to see my cards when I folded post draw. I had like jack high or whatever. Anyway, later on in that night we switched to inbeteween. You get two cards and have to bet on whether the card is going to be inbetween or not. If you post (hit a card on the outside, so if your two cards are K2 then you hit a K that is called posting and you have to pay double). It is pot limit. Anyway, the pot grew to be over a hundred dollars and I eventually did win it.
From there it was $5 and $10 SNGs with my buddies, a regular $25 and then $50 cash game that I was a reg at for a couple of years, and online poker. This was all 16-17 years ago now, but that is when I started playing poker. Eventually I graduated to casino trips. I remember my first trip to Windsor Ontario, I put together a couple thousand dollars and spewed it all $100 at a time playing 1/2 NLHE. The guys there called me Frodo. I went bust a lot of times in those early days, usually with the meager couple hundred dollar bankroll I could scratch together. Then I had some success. This was during the poker boom, and I was able to build myself some six figure bankrolls from scratch, then bust them and start over again. Maybe a decade ago I switched to plo, although I still play NLHE cash.
All of my adult life, I have been a professional poker player. This game is my life. The highs have been amazing. Battling against Isildur at 25/50 plo on Pokerstars, travelling across Canada, living in hotels for months on end, becoming a professional blackjack player (card counter), blowing crazy amounts of money, winning and losing fortunes, then starting over with a hundred dollars and a dream.
Today my life is a lot different. I've got a wife and two kids. I've stopped partying, don't travel very much. I grind to support my family.

Unlike most prospective horses, I'm far from broke. I've got a bankroll, and play every day, to earn enough money to support my family and to put a little away for a rainy day. That being said, there is a lot of potential in networking, and I like playing staked especially if my backer brings something else to table as well, like access to new games on pppoker or other apps. I also have references from previous satisfied backers.
Here are a range of investment proposals, starting small and working our way up. Some of the larger plans would probably need to involve multiple backers, or one really rich dude. For some of these I could come on as an investor as well.
So the smallest scale would be "rent a session". Essentially this is like backing someone to play a tournament, except I don't play tournaments I play cash games. The advantage here is that we can get started with minimal capital investment on your behalf. For example we could do something like 8 stacks of PLO $100 ($800) and you would get 75% of any upside from the session. No makeup. Just a one time deal and we're done, any losses are on you. I'm just spit-balling numbers here feel free to suggest alternate terms. Depending if I was to play say 6 tables for the session we'd want to have more capital on hand probably. Also it might be good to play PLO $50 AND PLO $100, so I can game select the best tables from either limit. Actually this rent a session approach would work best for live poker, where playing only one table and the slow pace of the game makes a > 300 bb swing unlikely (especially with my nitty style). But we could do live or online.
So after that would be a longer term relationship. Backer puts up the bankroll (here you would be essentially called upon to have 30-40 buyins available to me, although I don't necessarily need them all at once) and gets a straight 50% split of profits with full makeup. So any time the bankroll is stuck, than any future winnings go clearing the makeup first. Minimum here would be something like PLO $50 or PLO $100, assuming you have access to some soft games, Indian sites, Chinese sites, pppoker clubs something like that.
Another investment idea is to start a blackjack team. Actually this is quite a solid investment, if you can manage costs. Basically you get several card counters to play the same bankroll. Investors get a high ROI investment with a low time horizon and minimal ROR, and the players get a good chance to make bank with no or limited risk on their behalf. If you look at a typical counting simulation, taking a conservative approach of half kelly with resizing, the chance of busting before doubling is substantially less than 1%. So investors will be looking at a 50% return, obviously the amount of time it will take is unknown. Of course it is crucial to keep expenses in line here, so ideally you have a large enough bankroll that they don't matter because they are a small enough fraction, or work out some sort of team van situation. The absolute minimum here would be like 30k (but that could be 6x5k, not really that hard to find some people who might want to invest, I could invest as well), and the bigger the bankroll the better. Investors could be players as well, keeping a close on the money, it is super easy to train someone to count especially if they are winning poker players and knowledgeable gamblers in the first place. In addition to card counting there are other vulnerabilities, like hole carding, next card knowledge that can be capitalized on as well.
submitted by ValueCheckMyNuts to pokerstakinghere [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.

Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.

Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.

Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.

Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.

Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.

6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.

5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.

4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.

3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules: https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.

Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.

2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.

But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1

Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.

The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.

But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato

1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.

2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.

And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.

Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by enderpiet to gtaonline [link] [comments]

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submitted by TheMACSPicks to SportsReport [link] [comments]

How to Become a Better Gambler Today Pt2

3 – Manage Your Bankroll

If you’re going to take your gambling seriously and would like to do as well as possible, then you need to manage your bankroll. All too often you’ll hear stories of people losing everything at the casino or track. While this is tragic it can be easily avoided with some discipline and a sound bankroll management strategy.
To start with, you should set aside a fixed amount of money you’re going to use for gambling purposes. This should be separate from money you use in everyday life. If you wish to add or subtract from this you can do so, but it should be only in certain situations and based on time, not on the amount of money you have in your bankroll.
Once you’ve done this, you can then start to think about how much of your bankroll you’re willing to risk each session or game. For those who are keen poker players, you may have heard that 5% is the key percentage when it comes to game cost to bankroll ratio.
That is, you should never risk more than 5% of your bankroll in a single game. This is a good rule to live by and should ensure that you never go truly broke. This is if you’re playing poker, betting on horses or sports, or playing daily fantasy sports, and that you’re implementing solid and successful strategies in doing so. This is the key.
If you play a negative expectation game your bankroll will slowly diminish over time, and eventually you’ll have to re-fill it from other areas of income. This is fine, provided you’re playing for entertainments sake and understand that you’ll lose in the long run.
One more key thing you’ll need to do when managing your bankroll is keeping track of everything. You can do this through a spreadsheet on your computer, or even a diary. It’s basically like keeping a budget on what you’ve spent money on, where you’ve made money, and where you’ve lost it.
This way you’ll be able to better track your spending patterns and manage your bankroll more effectively.
Finally, if you’re a recreational gambler and head to Las Vegas or Atlantic City once a year, then you can also implement some bankroll management tactics. The best one to use on short trips is to identify in advance how much money you’re going to gamble.
Then you can divide this up by the number of days you’re in town to work out your daily allowance. Once you’ve done this place each day’s amount in its own envelope. When you arrive in Las Vegas or wherever you may be, place the envelopes in the safe and then use each one on the relevant day.
Once you’ve spent all of the day’s money then that’s it; no more gambling. If you stick to this method you’ll never spend more than you’re meant to and quite often you’ll end up winning each day, which makes things even nicer.

4 – Don’t Drink While You Gamble

While this may seem like a no brainer, it’s amazing how often people drink far too much alcohol while they’re gambling.
The result is always the same; they lose far more money and make much riskier bets because their usually sound decision making is influenced negatively by the drinks. Casinos know and understand this. That’s why you’ll get free drinks while you gamble in Las Vegas, and in some other casinos around the United States. Free drinks while gaming is much less common in other areas in the world.
I just want to be clear here; there’s nothing wrong in my opinion in having a few drinks while you play. It’s even OK to get seriously drunk and have a lot of fun from time to time.
The main thing you need to do is control your losses. If you’re going to drink a lot you need to set up a system, while sober, to protect yourself, from yourself.
Some strategies to do this include leaving your wallet and credit cards in the room safe and only taking a set amount of money out with you, or you could also give these to a trustworthy friend to look after for the evening. They must be able to resist your efforts to get them back later, because trust me; more often than not you’ll try.
Obviously if you only have a few drinks and have some good self control you should be able to still stay with it enough to not risk too much money and stay within your pre-prescribed parameters. If you want to become a good gambler then this is as far as you should go. If you want to drink and have fun, then leave the tables and do so in the bar or restaurant, and have your fun socializing with friends and family instead of through gambling.
Casinos in Las Vegas are starting to crack down on free loaders betting the minimum amount to get free drinks. Unfortunately this is starting to disengage some of their keen gamblers and drinkers. It’s a real shame they’re going down this path, for a variety of reasons. But it should help you to not get as intoxicated and lose as much at the tables.
One other thing I would note, is that if you do end up drinking a lot and losing far too much money, don’t beat yourself up about it. That won’t help anything and in all likelihood, it will take you even further down a bad path. If you try to take the fun out of it, and learn from the experience, you’ll be much better off in the future.

5 – Learn How to Play and Win at Poker

By far, the best game to play in any casino is poker and therefore most casinos only offer it as almost an amenity and not a money making game.
They do make money on poker but it’s only a small amount. Poker is the best game to play because you can win in the long term and you aren’t battling against the house in a game that’s designed to slowly take all your money.
In poker, and I’m mostly talking about Texas holdem, you play against other people and battle it out across the felt to take each other’s money. As a result, you can win in the long term if you have a solid strategy and continuously make positive expectation plays. I’ll go into detail on this a bit more later.
Because poker is largely skill based, you can ride out the good and bad luck that you’ll encounter in the short term to make money in the long term. Many thousands of people in the United States and across the world make money player poker.
The key of course, is to be better than other players so you must continuously be learning and training to have a sufficient edge over others so that you can win.
This is where positive expectation comes into it. To win in the long term every decision you make at the table must be made so that it results in profits and winning in the long term.
You can learn one of two strategies to do this. These are game theory optimal and exploitation. I’m not going to go into these here, but now you know them you can learn more. You can find literally thousands of poker books out there, but ultimately you need to log hours at the table and play thousands of hands to become better. Over time you’ll start winning and will come out on top in the long run, if you’re willing to put in the effort and have some natural people reading talent.
If you live in the United States you won’t be able to play poker online, unless you’re in one of the singular states that offers restricted poker rooms. If you are then you should try to hone your skills in small games online first. This way you can learn the game and will be much more confident the first time you sit down at the real felt.
submitted by PresentType to thebestbet188 [link] [comments]

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submitted by TheMACSPicks to NBABets [link] [comments]

20% New Member Cash Bonus up to $500 + Deposit a minimum of $100 and you could qualify to earn an additional $150!! Bet The Pony's to get some COVID Cash!

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Special Note from Management
The $150 Signup Cash Bonus is a separate bonus from the 50% Sports Bonus - but guess what? You are still eligible for both! Just follow the terms of the $150 Signup Bonus to qualify for the cash.
100% New Member Casino Bonus
At BUSR, you are entitled to exceptional new member bonuses.
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Deposit a minimum of $100 and you could qualify to earn an additional $150!
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submitted by TheMACSPicks to SportsbookReview [link] [comments]

20% New Member Cash Bonus up to $500 + Deposit a minimum of $100 and you could qualify to earn an additional $150!! Bet The Pony's to get some COVID Cash!

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100% New Member Casino Bonus
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Western Australia. No minimum bet limits; History of Australian minimum bet limits. Prior to 2014, the Northern Territory was the only region where online bookmakers were subject to minimum bet limits. These were repealed in 2013, however, meaning there was no protection for punters anywhere in Australia. 7% Horse Rebates. All internet wagers earn a 7% daily rebate. Telephone wagers earn a 4% daily rebate. There is no cap to the rebate size a Player may collect and there is also no minimum volume of bets that needs to be placed. Horse betting online is about getting the best odds, so you need to research which are the best operators by making comparisons. Horsebetting.com has done this work for you. Odds aren’t the only factor to consider, although that’s a significant one. One of the best things about online betting is that it doesn’t have to cost a lot to get started. If you aren’t interested in risking much, but still enjoy the entertainment of betting, it’s entirely possible to try your hand with small wagers at betting sites with low minimum deposits. Minimum deposit betting sites are the sites, which offer the lowest possible amount when depositing. For those punters reading this, it’s important you know the betting sites with a low minimum deposit. For the reason that it gives you more options when betting, no matter the amount in your bankroll.

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