Poker – The Only Game Where the House Doesn’t Win

In general, gambling is a mug’s game. There is a reason casinos and online gambling sites exist, and it is to make profit from the punters. Any game where house is involved is where they make profit; this means the roulette wheel, craps and blackjack are all tailored to rake in the cash. Games where there is a high amount of chance involved, such as roulette, are guaranteed money makers for the casino, as player skill plays little to no part in the outcome of the game, and the odds are stacked invariably against the player.

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The best way to avoid hearing that oft-spoken line, “house wins again”, is to take the casino itself out of the picture. Games such as poker pits players against each other, with no house involvement other than taking commission situs qq online terpercaya . Obviously, chance still plays a part in the way the cards fall, but luck is less of a factor than player skill. There is a reason that there are always the same familiar faces at a final table. More importantly though, win or lose, you aren’t letting the casino get their hands on your money.

The same principles apply to online gambling sites as to casinos – the same mug’s games to rob the punters. Poker online is considerably different however. It has its ups and downs – whilst it can be considered “easier” – as hands can be instantly calculated, you don’t need your poker face and there are hundreds of novice players to be found at low buy-in cash tables, there is however less of a sense of risk as you see no physical chips or cash at stake, and it is impossible to read other players.

As games of any value can be played online, it is also handy for more casual players not willing to play the large buy-ins at casinos, and being straight away pitted against more veteran players.

In terms of affecting a craps decision, there’s no such thing as a skilled craps player.  However, there are knowledgeable and ignorant players.  Although no one (not even the shysters who claim to have mastered the scam known as “dice control” or “dice setting”) can skillfully affect a craps decision, your amount of knowledge can play a big factor in whether you lose a lot quickly or lose a little slowly, or maybe even occasionally win.  Let’s not kid ourselves.  Casinos are in business to make money, not gamble.  The player is the gambler, not the casino.  The casino has their built-in house advantage, so over time, they know they’ll rake in the money.

You must accept the fact that craps is a negative expectation game because of the built-in house advantage.  “Negative expectation” means the game will result in you eventually losing all of your money.  You may experience shorts periods of winning, but over time, you’re guaranteed to lose.  Let’s illustrate this by using a coin-flip example.

For each flip, you have a 50/50 chance of the coin showing heads and a 50/50 chance of showing tails.  A 50/50 payoff means you expect true odds of 1:1 (i.e., if you bet $1 and win, then you win $1).  However, the casino doesn’t offer true odds on any craps bet except the Free Odds on the point.  The casino is in business to make money so it has to have an edge to make a profit.  It gets its edge by offering odds that are less than true (sometimes called “casino odds”).  In the coin-flip example, suppose you flip coins with your best friend.  For each $1 bet that your friend loses, he pays you $1.  However, if you flip coins against the casino, for each $1 bet that the casino loses, the casino won’t pay you $1.  Instead, it might pay only $0.96.  So, for every bet that you lose, you have to pay $1; but for every bet that the casino loses, it only pays $0.96.  It’s easy to see that you’re playing a negative expectation game and, over time, you’ll go broke.  Each bet on the craps table, except the Free Odds bet, has built-in “casino odds” that allow the casino to pay less than true odds when the player wins a bet.  Because the casino pays out less than it should when the player wins a bet, the casino will eventually take all your money if you play for a long enough period of time.

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