Blackjack - I'm hooked!

Discussion in 'Trading' started by sKaLpZ, Aug 1, 2005.

  1. it is as simple as disconnecting the electric cord.....:D
     
    #111     Aug 4, 2005
  2. target0

    target0

    Played a lot of blackjack in the 80's. I don't keep current anymore, but I think its harder than ever to beat 21. I would say you have no chance using a trading plan for forex. It would be like trading using a blackjack plan. Unless you could spot a sloppy dealer and see the down card,(and even then you still need skill), there is no way to beat the casino unless you count, and count very well. You also need a complete plan that includes how to size up the table rules, shuffle track, money mgmt. an act so you can play, details like when to stand on a hard 16 and when to split 10's. Many games are not even beatable, but good players can figure out where to play. When I played at my best, I could only win about 4% of risk. I know everyones different, but it took me about 3 years to just get there.

    I have checked a few online casinos and although I haven tracked it, I noticed a pretty big difference in win rate when playing for fun, as opposed to real money.
     
    #112     Aug 4, 2005
  3. Your counting cards and don't even know it....


    ya just got to realize how dangerous the dealer is.

    that he/she can run in minor "streaks" (it would appear) or trends where s/he can get 2,3,4 wins at 20s and 21s right in a row.
     
    #113     Aug 4, 2005
  4. yeah?

    well, I'm a trader, so it doesn't matter what they say.

    :cool:
     
    #114     Aug 4, 2005
  5. well, it's been about a week since I started and already I feel I am advancing...

    I give the dealer a much harder time of taking my money... and I push a LOT more than I did when I first started.

    yeah, I could see myself getting to the point where I win more often than the dealer AND retain my winnings as well... it may take some time, but... I have what it takes.

    once I get my $1000 BJ acct to $100,000 I will go live.
     
    #115     Aug 4, 2005
  6. Being the cynic that I am I would suspect that demo gambling accounts have the odds tipped in favor of the player.
     
    #116     Aug 4, 2005
  7. Lol . . . at least he's consistent you know?

    "I push a LOT more than I did when I first started."

    Precious! You can't make this stuff up if you tried.
     
    #117     Aug 4, 2005
  8. Yeah, he's a regular Don Quixote.
     
    #118     Aug 4, 2005
  9. While this is clearly the case with some online casinos, this appears not to be the case at those that are reputable. That said, I have not run any statistical analysis on this, but I believe some others over at Casinomeister have.

    Yahoo is using their own engine and only offers "play" money, so they very well could make the game more advantageous to you for entertainment purposes.

    In any case, I would gladly sign up at any reputable online casino that was known to have fair games. Most of those use licensed software suites such as Microgaming, Wagerlogic, Playtech, etc.

    The reason for this is that the player is given a huge advantage through online gaming due to internet casinos generous promotions. I'll give you one basic example. You may know of the online poker site, PartyPoker. They are affiliated with IGlobalMedia, who is therein tied to the Starluck Casino. If you have ever played at PartyPoker, sometimes when you exit the site, you are offered a link to Starluck. So new players to Starluck are offered a great deal. Make a deposit of $100 and get $100 in "bonus" money. You can cash out this "bonus" money after you comply with the casino's terms, which, in this case, you'd need to wager $1600. You might be thinking that sounds like a lot. But wait, why not just play the lowest house advantage version of blackjack with $1 bets. Blackjack has one of the smallest house advantages of all casino games and the variance is much lower than other games such as full pay Jacks or Better Video Poker, etc. So, let's assume that the version of blackjack you play has a 0.5% house advantage. Given optimal play, over $1600 of wagering, you are expected to lose $8.

    This means you would be left with $92 in expected value. You can run the numbers yourself if you like, but this is a clear edge. You go into the casino with a guaranteed and known positive expectation.

    THIS is how you beat the world of online gambling, not some trader's "system" to beat the dealer.
     
    #119     Aug 5, 2005