Gambling Expansion in Alabama Could Create - casino.org

Gambling with Virtual Currencies

A Subreddit dedicated to all things related to Bitcoin Gaming. With the influx of new online BitCoin Gaming websites and Casino's, a central hub for information and blog posts pertaining to Bitcoin Gambling was needed.
[link]

FortuneJackCasino

This is the official subreddit of fortunejack.com. After 20 years immersed in the world of gambling we took everything we learned and loved about the industry and created FJ. Developed and maintained by the region’s top software professionals, FortuneJack.com offers the best, securest, and most innovative online gaming experience. From the enormous selection of games to a fun atmosphere with something new and exciting around every corner, this is the ultimate cryptocurrency casino.
[link]

They're just toys, not a way of life.

SickOfGamers is a subreddit where like minded individuals can come together and rant, vent or share stories about how they're sick of gamers and gamer culture. Tired of seeing video game related posts all over reddit? Disheartened that your SO wants to become a professional gamer? Tired of having to explain the assignment to that classmate who spent the whole class watching game trailers? This is the subreddit for you.
[link]

[Hiring] Content writer with casino/gambling/gaming experience to review games, write news and blog posts, etc.

I am involved in a startup online slots site and I'm in need of a junior content writer to assist in the day to day content generation for the site.
Essentially, we're going to work together to:
If this is the kind of thing you're interested in, please get in touch with your experience as well as how much you think you'd like to paid to be a part of this project. If we're on the same page, I'll get some sample content from you, review that, and if it's up to scratch we'll get a contract in place to protect us both.
Thanks for reading
submitted by Grepus to forhire [link] [comments]

Casino/Gambling Game Recommendations

Hey everyone, I have been searching for arcade games capable of running on ALU that have slot machines, poker, or general casino stuff on offer.
It's the one area of arcade/console gaming I'm really not good with, and googling it just brings up modern-day gambling machines and stuff. I can think of some old NES, SNES, Genesis games, but I was hoping for something arcade native.
My mom will be staying at our house for a few days, and she likes to sit and play slot machine apps on her iPhone all day long, so I was hoping someone might have a recommendation in that general area.
I hope this is alright to post here-- I figured some of you have more knowledge on the games that are able to run on ALU.
submitted by Sock-Cucka to FansOfsaUCE [link] [comments]

Casino/gambling games that let you cheat / level up skills

I really like the aspect of New Vegas where a high luck gives you way better odds of winning but with it maxed out it can be too easy and you get kicked out once you win too much.
Red Dead Redemption also lets you attempt cheating, but iirc it's pretty rare to pull off and if caught ruins the session for a while.
Looking for a casino or gambling game that lets you cheat. Or level up skills alongside playing like getting better odds.
Keep in mind I am NOT talking about gambling real money, strictly in-game money purely as a power fantasy (I like gambling with regular odds too, but sometimes I want a break and just want to win a lot).
Any suggestions? Thanks in advance!
submitted by mitch13815 to gamingsuggestions [link] [comments]

Cameroon slot mario casino gambling games machines Coin operated game Casino game Mario game WhatsApp:+8615013276293

Cameroon slot mario casino gambling games machines Coin operated game Casino game Mario game WhatsApp:+8615013276293 submitted by BoryGamesSystem to u/BoryGamesSystem [link] [comments]

Honestly in the next update I want some more casino/gambling games

I’m not addicted to gambling I swear.
submitted by Sushiboy69420 to BitLifeApp [link] [comments]

Cameroon slot mario casino gambling games machines Coin operated game Casino game Mario game WhatsApp:+8615013276293

Cameroon slot mario casino gambling games machines Coin operated game Casino game Mario game WhatsApp:+8615013276293 submitted by BoryGamesSystem to u/BoryGamesSystem [link] [comments]

[Rant] this used to be one of the best casino/gambling games, now it is only the shiniest :(

submitted by communitydayerror to FUTMobile [link] [comments]

Mark my words, the next expansion will be Casino/ Gambling-games related

You will see !
submitted by EarlDeDarkwood to hearthstone [link] [comments]

Good iOS casino/gambling games?

Anyone have any good casino/ gambling games? Obviously no real money - just looking for something with some fun slots, blackjack, poker, etc. in app purchase is fine, but prefer something that doesn't need a live connection, because I want to be able to play while on the subway and such.
submitted by dhulser to iosgaming [link] [comments]

Any good casino/gambling games?

Looking for casino/roullete any kind of gambling games ( not with real money ). Like a real life casino. Prefferebly online.
submitted by CandaceIsBusting to AndroidGaming [link] [comments]

55+ stocks related to the online gambling and sports betting (iGaming) space — sportsbook, pureplay iGaming, casino/gaming operators, tech providers, SPACs, media/lead gen, ETFs

https://readthejoe.com/2021-state-of-the-igaming-industry/
submitted by victorlei1 to InvestmentClub [link] [comments]

We should have a casino with card based games and gamble for caps.

I’m thinking a small table at The Wayward and a really nice extravagant set of tables at The Whitesprings. Offer all of the classic card games as well as Caravan from New Vegas.
submitted by Jochim-14 to fo76 [link] [comments]

Learn the Fundamentals of Online Slot Gambling

Learn the Fundamentals of Online Slot Gambling
https://preview.redd.it/c6g8py3zbun51.jpg?width=650&format=pjpg&auto=webp&s=cbb6028a1e66ab95938a4eedbe5ed324ab0b5ec3
To start an online slot machine gambling experience is easy. Beginners can simply browse for information about internet slot machine gaming games and begin straight away. The best online slots will have fascinating gaming features and also provide good bonuses or rewards for new players. Slot machines generally require a player to select which type of play is desired by the participant.
There are numerous ways to gamble with numerous online slots including bonuses, classes and other options. It's possible to increase the chances of winning on slot machines because you never know which type of bonus or points could be included in the game. The same as in real life, different casino games have varying kinds of rewards visit here.
The history of slot machines and online slots goes back a long way in time. Casino gaming started off using ten-pin design slot machines which were made from the early 1990s. These days, slot machines are popularly utilized in casinos throughout the planet, however, with the assistance of technology, internet access and computer applications, online slot machines have also found their way to internet sites.
As an online slot gambling game enthusiast, it is extremely important to read the terms and conditions of usage so as to know precisely what to expect and how the gambling website works. It's also very important to read reviews regarding different sites before using the online slot machines at the gambling site.
When playing internet slot machines, one should always keep his eyes open for games offering free play bonuses. The kinds of free play bonuses vary based on the sort of internet slot machine gaming website. Some online casinos will provide various free play bonus of cash, while others might provide bonuses of casino credits.
Additionally, there are several sites that offer slot machine outcomes in addition to online slot machine reviews, where gamers can check the most recent news about internet slot machines and other online casinos and play free bonuses and games to win huge prizes. Such sites generally update their website with the latest news and game data on a regular basis. A lot of men and women prefer to get updated about news on online slot machines, while they desire to play different online casinos and participate in free play matches.
It's essential to research about the terms and conditions of use of various online casino sites to prevent risking their investment. It's also important to read about the different types of prizes and bonuses which may be won. In the first area, you have to see that free win bonuses are not offered on all websites, and therefore you need to carefully select the ideal online slot machine gambling website where you could enjoy free games and offers.
Casino gambling is all about having fun, excitement and winning fantastic prizes. To find good casino gambling games is not an easy task but as soon as you understand the principles of the sport, you can always find fun and excitement without considering how much you will win.
submitted by shobhasingh2545 to u/shobhasingh2545 [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]

Century Casinos closes Canadian properties under new quarantine measures - Gambling Insider - In-depth Analysis for the Gaming Industry

Century Casinos closes Canadian properties under new quarantine measures - Gambling Insider - In-depth Analysis for the Gaming Industry submitted by xirus_2020 to COVID_CANADA [link] [comments]

The Monte Carlo Casino is one of the most famous casinos in the world. If you are a fan of James Bond, you might recognize this casino because it was the setting for a James Bond movie. Besides gambling on the slot machines, tables and gaming rooms, many people come to admire the architecture.

The Monte Carlo Casino is one of the most famous casinos in the world. If you are a fan of James Bond, you might recognize this casino because it was the setting for a James Bond movie. Besides gambling on the slot machines, tables and gaming rooms, many people come to admire the architecture. submitted by TreasuresOfTraveling to wanderlust [link] [comments]

The Monte Carlo Casino is one of the most famous casinos in the world. If you are a fan of James Bond, you might recognize this casino as it was the setting for the James Bond movie Casino Royale. Besides gambling on the slot machines, tables and gaming rooms, some come to admire the architecture.

The Monte Carlo Casino is one of the most famous casinos in the world. If you are a fan of James Bond, you might recognize this casino as it was the setting for the James Bond movie Casino Royale. Besides gambling on the slot machines, tables and gaming rooms, some come to admire the architecture. submitted by TreasuresOfTraveling to wanderlust [link] [comments]

The Addiction Machine | GAMBLING | Documentary | HD | Slot Machines | Casino | Gaming | Poker

The Addiction Machine | GAMBLING | Documentary | HD | Slot Machines | Casino | Gaming | Poker submitted by YTLinkerBot to FilmChannels [link] [comments]

Bring Live Casino Gaming Home with Internet Gambling

Bring Live Casino Gaming Home with Internet Gambling submitted by thaijackpot777 to u/thaijackpot777 [link] [comments]

Top Betting and Gaming Licensing Lawyers for Casinos & Land-Based Gambling

Top Betting and Gaming Licensing Lawyers for Casinos & Land-Based Gambling
Our betting and gaming licensing lawyers have immense experience in carrying out licensing work for clients. We also offer our services for in-house at large corporations operating casinos and other non-remote gambling establishments including bingo halls, betting offices, adult gaming centres and family entertainment centres. https://www.premiseslicences.co.uk/casinos-land-based-gambling.php
https://preview.redd.it/5tiekr5qq5361.png?width=953&format=png&auto=webp&s=fdc6908fa411d95c7fddb9a22d2d11e55ef9c0c9
submitted by subhraswain1 to Premises [link] [comments]

I'm hoping to find software that will occupy the spare time of seniors with disabilities. Any suggestions?

I've been volunteering at a seniors home and couldn't help but notice just how deeply bored they are, the situation altogether worse for seniors with disabilities.
For most, it's an existence of television and sleep and I'd like to help. There are laptop computers available and I'm looking for suggestions for software titles for single players.
I've asked, and the consensus is most want casino gambling games. Problem: There are plenty available online, but nearly all are portals to actual gambling and that's not what they want; they simply want to "play" a hand of roulette or play virtual slots etc. and I can't find anything like that.
Sadly, the Men are most interested in first person shooters. Problem: fully 80% of the guys have suffered strokes and suffer from differing degrees of paralysis and I'm unaware of any that work with a single hand.
Again, if you have any suggestions I'd really appreciate it. Thanks.
submitted by tetzy to disability [link] [comments]

Baccarat Minimum 10 Baht

Baccarat Minimum 10 Baht
Website UFABET123.COM, the best online baccarat game provider, because we bring the best online gambling website. The best casinos are gathered for you in one place already. Also, subscriptions start at just 10 baht from the usual, which counts as the subscription. From that website will help you get a discount on deposit money to register for the first time itself. Let's go see if there will be a Baccarat betting website What are some good websites in UFABET123?
Baccarat minimum of 10 baht is to bet on online baccarat. Through a complete online gambling website, open to bets starting at only 10 baht, at present, online บาคาร่าขั้นต่ำ 10 บาท, baccarat, and various casino gambling games are more popular in Thailand. Because this is the age of access to that internet. It's easy, anyone can access it. And also, nowadays, there are many different gambling websites open for us to bet on mobile phones or computers. You can say that it is extremely comfortable.
https://preview.redd.it/y9mqs0e1iuq51.jpg?width=600&format=pjpg&auto=webp&s=7170ac5dc2930769c1cfc49d0e3528032c9a3f0a
Because Baccarat is becoming more and more popular with people, so many different formulas will come up, some of which work well. Some recipes are not very good. Some people are masters to tell you the recipes or tips, but sometimes some people like a master but not to tell you the wrong secret. To only hope for the rating or some is playing at a cost that is not suitable for players, so today we have a baccarat technique that is invested at a very low cost but returns a beautiful profit for everyone to try and apply together baccarat.
https://preview.redd.it/yv4r2nv1iuq51.jpg?width=1200&format=pjpg&auto=webp&s=139fe4e5f8fe918a0596b06d9e0d1df63dc1b0fb
Choose to bet on a site with a low minimum bet: you can bet with our website UFABET123 immediately, which is an online gambling website where you can bet the minimum. it can be at a cheap price for only 10 baht, which is the original gambling style suitable for any player who wants to bet. But the cost is low and those who want to focus on experimenting with the formula not very serious yet. This website has a very low minimum. Which makes it suitable for gambling at a very low investment price, baccarat online.
https://preview.redd.it/dpj8znd2iuq51.jpg?width=1200&format=pjpg&auto=webp&s=e6671b3bf33ea656ef0120f26d90342da2631cc8
Observe the results from the front of the room: no need to rush to stab Spend a few hours of free time to look at the baccarat results in the front of the room. Let us know to analyze the results see statistics to be. Whether in a room that table tennis often or will often issue dragon cards Will be able to catch the way By observing the front of the room only. We recommend that Let him bet on a room with a dragon card outline.
submitted by Emilytube to ReviewFeed [link] [comments]

CASINO AMBIANCE: Slots, Poker & Gambling in LAS VEGAS - 2 ... GAMBLING IN LAS VEGAS & ACTUALLY WINNING! - YouTube NEW LAS VEGAS SLOT MACHINES ★ RECENT CASINO GAMES - YouTube How to Play Casino Electronic Gaming Machines - Liberty 7s ... LIVE Casino Gaming 🎰😷 Stay Safe, Play Safe with Brian ... LIVE - Playing NEW GAMES at the Casino 🎰 Brian Christopher ... Gaming & Gambling - YouTube Casino Slot Machine Manipulation Is Totally Possible - YouTube

Gambling Expansion in Alabama Could Create Thousands of Jobs: Report. Posted on: December 28, 2020, 02:11h. Last updated on: December 28, 2020, 02:26h. THE BEST CASINO GAMBLING EXPERIENCE ONLINE. Welcome to Mega Casino! We’d like to congratulate you on choosing the best online gambling and live casino site on the web. We’re so happy you’ll be joining our online casino community. We here at Mega Casino have done our research. We’ve scoured the web’s top gambling sites to make sure that we offer the best service to all of our players Bringing casino gambling to Hawaii is DHHL’s latest idea to raise revenues. The Honolulu Star-Advertiser first reported on the new agenda item Wednesday. Under the proposal, DHHL would get tax Crypto Gaming & Gambling All the latest cryptocurrency gaming and gambling news & reviews from Blockonomi. Gaming BitcoinCasino Review: A Great Bitcoin Casino for Crypto Players By Andrew O-Malley January 5, 2021 Bitcoin Casino has been around since 2019 and it is under the ownership of Direx N.V. Casinos. This parent company… Gaming FortuneJack Review: Bitcoin Casino & Gambling Site January WINNEBAGO, Neb. (KTIV) - In November, Nebraska voters overwhelmingly approved casino-style gambling at the state's horse racing tracks. Now, that effort has taken another step forward. Ho-Chunk First Class Action at Gaming Club Online Casino. Welcome to Gaming Club, one of the original online casinos! Prepare yourself for a total onslaught of the best quality Slots, table games and more, and the thrilling, fulfilling chances to win they bring. Ever since our launch in 1994, we have used nothing but the best online casino software to ensure players enjoy the highest standards. We also Casino.org is the world’s leading independent online gaming authority, providing trusted online casino news, guides, reviews and information since 1995. YOU ARE IN SAFE HANDS As a beginner in the gambling industry, it’s hard to find the right path for yourself. There’re lots of Australian online casinos on the internet and only some of them are safe and trustworthy. By reading the Gambling Or Gaming article made by USA Casino Expert, you’re going to become an advanced gambler.. You’re going to learn about the types of Australian gambling sites, how to Gaming Club Online Casino wurde 1994 gegründet und ist eines der ältesten und vertrauenswürdigsten Online Casinos, die es gibt. Viele Spieler vertrauen dem Gaming Club und erfreuen sich an der sicheren Möglichkeit, im Online Casino zu spielen. Dies wird durch die Lizenz der MGA, also der Malta Gaming Authority, bestätigt.

[index] [18695] [431] [19290] [5044] [31066] [13911] [6361] [30610] [17470] [30534]

CASINO AMBIANCE: Slots, Poker & Gambling in LAS VEGAS - 2 ...

10 Secrets Casinos Don't Want You to Know. Subscribe for more amazing videos! http://bit.ly/Subscribe-to-Richest Casinos are multi-million dollar business... Watch my BIGGEST Quick Hit Jackpot: 💯 https://youtu.be/zKkKwgHOuMo SUBSCRIBE to my Channel: https://bit.ly/2yW9IvP🔔 RING the BELL Icon to be notified when... SUBSCRIBE: http://Subscribe.BCSlots.com NEWSLETTER: http://Newsletter.BCSlots.comI promote educational and responsibly fun gambling as I travel the globe ... Support my work! Buy me a coffee: https://www.buymeacoffee.com/sleepsoundsPart of the CITY AMBIANCE collection. 2 Hours of a Las Vegas casino, in-field recor... Hello everybody and welcome to my channel. I'm a low roller and when I'm winning then I tend to bet higher. My investment to the casino is $120 - $160 and I try to make the best of it. I like to ... Las Vegas vlog March Madness Day 2Starting the day with Bellagio fountain show. The room at MGM grand had a view of The Mansion (high rollers villas). Specia... My name is Jack and I love to play and stream slots. Through affiliation I managed to make a living out of streaming. You'll also find Philip streaming on this channel, who's a good friend of mine ... In case you missed these AMAZING VegasLowRoller YouTube videos, here are a few huge wins from my channel:A HUGE WIN:https://www.youtube.com/watch?v=rCOLBnVO5... Slot machine video from casino expert Steve Bourie that teaches you the insider secrets to winning at slot machines and how a slot machine really works. Also... Newcastle Casino, near Oklahoma City, presents: How to Play Casino Electronic Gaming Machines - Liberty 7s

#