Citrus Growers Forum Index Citrus Growers Forum

This is the read-only version of the Citrus Growers Forum.

Breaking news: the Citrus Growers Forum is reborn from its ashes!

Citrus Growers v2.0

Any casino gamblers out there?

 
Citrus Growers Forum Index du Forum -> Off-topic forum (For anything you want to discuss)
Author Message
mrtexas
Citruholic
Citruholic


Joined: 02 Dec 2005
Posts: 1029
Location: 9a Missouri City,TX

Posted: Mon 14 Oct, 2013 12:15 am

Here is an interesting article from the Wall Street Journal about the odds of winning at a Casino: http://online.wsj.com/article/SB10001424052702304626104579123383535635644.html

Casino gambling statistic data are a closely guarded secret of the gambling industry but there is now a lot of public data about internet gambling out there that the WSJ used to calculate some statistics.

Chance of winning on any one day 30%
Chance of winning over an extended period 11%

Of top 10% of gamblers 95% losers
Big losers outnumber big winners by 128:1
2.8% of gamblers provide 50% of the take
10% of gamblers provide 80% of take


Odds are slightly better for poker which is somewhat a game of skill with the chance of winning over an extended period of around a third.

"Unless they cheat, about the only way gamblers can win at games of chance is to get lucky and then stop gambling."

Gambling has never fascinated me. When I was a kid my dad had a 1915
era working nickel slot machine and a supply of buffalo nickels. No matter how many nickels I started out with I lost every one. Dad would then unlock the one armed bandit and I could start over again and lose every one. Didn't take too many repeats of this to convince me gambling is for losers.
Back to top
pagnr
Citrus Guru
Citrus Guru


Joined: 23 Aug 2008
Posts: 407
Location: Australia

Posted: Mon 14 Oct, 2013 5:31 am

Here's an interesting story on the horses.
He found $ 10 000 in his betting account, bet it all and no wins !

http://www.3aw.com.au/blogs/3aw-breakfast-blog/punter-loses-free-10k-without-a-collect/20131009-2v74p.html
Back to top
Citrus Growers Forum Index du Forum -> Off-topic forum (For anything you want to discuss)
Page 1 of 1
Informations
Qui est en ligne ? Our users have posted a total of 66068 messages
We have 3235 registered members on this websites
Most users ever online was 70 on Tue 30 Oct, 2012 10:12 am

Powered by phpBB © 2001, 2005 phpBB Group