"In the long run, the house edge will put you on a disadvantage" claimed by
many experts. This is TRUE as in the case of you spending a long time at a
particular table. However there is a loop hole that can be exploited using
luck.
As you know in the game of roulette, the house edge is either 2.7% (single
zero wheel) or 5.4% (double zero wheel). Actual results will converge to
these theoretical statistic figures when there is a large number of
trials/events. Large number of events can only be accomplished when either:
1) There is a large number of players playing at the table, or
2) Small number of players remaining at the table for a long time
We term the above as CONTINUITY & this will make a profit for the casinos.
Indeed when the game is in its equilibrium state (which is relevant when
applying the laws of the average), it will be obvious that there is a
transfer of wealth from the players to the casino. There is a net profit
favouring the casino because of the house edge.
So how can we exploit this situation to our advantage? By assuming that
there are opportunities to win in between loses. If you were a third party
observing a particular busy table, you may notice a few players winning &
while others lose. There is NOTHING to prevent yourself from winning....only
that most people will lose while a few will win.
Just like in the game of lottery, they will guarantee winnings to a few.
Similarly we can appreciate that casinos always have "occasional winners"
due to the design of their gaming systems. In fact it is virtually
impossible for a casino to make everybody lose because players have their
own choices of what to play & where to bet.
Now let's say that you have been winning many sessions over the last few
months & that you've not even lost once. Does it mean that you're due to
lose next? The answer is No. Why this so is because there are only two sides
of a coin:
1) The casino
2) The players
The casino will take money from players in general BUT not from every player
(due to our earlier argument). It may sound cruel for me to say this but
whenever you win, you gain from another player's loss. Think about this for
a moment: The profit you make was originally the casino's own profit from
another "unlucky player/s". The continuity action 24/7 will put the
advantage to the casino. So the next time you see those big cash chips
there, let's not forget the original investors were all those players who
have lost their hard earned cash!
As individuals can we maintain a continuous rise in our bankroll with time?
Of course we can provided that we respect time. The casino doesn't mind if
you win this round & leave because they know the next person to play on that
table is more likely to 'return' the money back to them.
I have iterated before that there are individuals who are always ahead (i.e
having a net profit) in the game of roulette even after many years of
playing. You could say that these people have defied the laws of probability
because of their repeated winnings & they are contrarian to the mainstream
players. Today mainstream players may also include system players because
people are getting smarter thanks to the internet. Well having a system may
put you into the category of smart gamblers but this does not bother the
casinos as they know the odds are against you the more you play. So it is
not good enough to have a system because you will still lose out in the long
run.
In summary you should always play on a shorter term & it's best to leave
after a win. Also try to do this during your favourable timing period &
observe your "long term" results. For those who think they've not been
having much luck, this can be a major boost in your confidence towards
success!
MYaz
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