Thursday, March 2, 2023

CHARACTERSISTICS OF WINNING CASINO PLAYERS

CHARACTERSISTICS OF WINNING CASINO PLAYERS


Last year, more than 42 million people visited Las Vegas, and the vast majority of those folks wound up hitting the casino floor for a taste of Sin City’s gambling action.


But while everyone who tries their luck at the casino wants to head home as a winner, the law of probability ensures that the house almost always wins. With the odds stacked against you as they most certainly are in the negative expectation games casinos specialize in winning at the casino 카지노사이트 is easier said than done.


Don’t take my word for it, because the numbers never lie.


The Nevada Gaming Control Board (NGCB) recently released its annual end of year data dump for the state’s casino industry, and 2017 wasn’t pretty from the player’s perspective. Check out the table below to see just how badly the casinos beat players in the most popular market segments:

GAME / WAGERNET WIN
Penny Slots$3.1 billion
Blackjack$1.2 billion
Baccarat$1.1 billion
Craps$393.5 million
Roulette$367.3 million
Sportsbook$248.7 million
Total$6.41 billion

Remember, those figures don’t extend to the total amount wagered in Nevada casinos. No, this is just what the house collected from losing bets. Take a minute to Google “six point four billion written out,” soak that enormous number in, and think about just how hard it must be to consistently turn a profit as a casino gambler.


Indeed, the ranks of legitimate long-term winners are sparse to say the least. You may have taken the blackjack tables for a cool $500 on your last trip, but what about your last 10 sessions? Or more appropriately, your lifetime as a blackjack player using Google browser?


Chances are high that you’ve lost more on the game, or any other casino wager, than you’ve won when the long view is taken. Don’t take that personally now, I’m simply taking the right side of a proposition based on the probabilities involved.


Casino gamblers lose more than they win, and the NGCB numbers shown above provide concrete proof to that effect.

With that word of warning out of the way, I feel comfortable moving on to the material you really came for a discussion on what separates winning casino players from the rest.


While long term winners are few and far between, a handful of professional advantage play specialists do manage to overcome the odds. These players are a diverse bunch, ranging from high school dropouts to MIT math professors, and every walk of life in between – but they all seem to have similar traits in common.



I’m not talking about raw natural intelligence, a photographic memory, or any of the other innate skills one might assume top gamblers possess. Don’t get me wrong though, these are great abilities to have in your gambler’s toolbox, but those are things you just can’t teach.


No, I’m referring to the five traits of winning casino players that anybody out there can absorb into their own play. As long as you’re willing to work hard, you can take full advantage of the following list, which comes complete with quotes from five of greatest gamblers to ever grace the casino floor.


Studying Optimal Strategy for Skill Based Games

“If I had to boil down my advice to just one thing, it would be that the harder a game is to understand, the better the odds are if you study and play it carefully.

Therefore, mindless games like slot machines tend to be a bad bet, and more complicated games like video poker tend to be a good bet, but only if they’re played properly.

It’s like life in general. The good things in life you have to work harder to get.”

Michael Shackleford, aka “The Wizard of Odds”


Taking a second look at that chart showing Nevada casino win 온라인카지노 rates should shine a light into how the house always wins.


You could take their haul from two skill-based games, blackjack and craps, add those together, and then double it – and you’d barely reach the $3.1 billion win generated by penny slots. And that’s just penny slots, leaving another billion or so taken in from higher denomination slots.


Clearly then, casinos benefit immensely when recreational players plop down for a night spent spinning away on the slots. Slots are a pure game of chance, which means players have no ability whatsoever to use strategy or skill to influence the outcome. Nobody is a “good” or “bad” slot player, because everyone who tries their luck is reliant on the whims of a random number generator (RNG).


The same holds true for roulette, baccarat MORE INFO, and the majority of modern table games. Without mincing words, these games are designed to separate suckers from their money, plain and simple.


Sure, I enjoy taking a ride on the roulette wheel from time to time, but I go into that gamble knowing full well that the odds are stacked against me. With a house edge of 5.26 percent on the American double zero wheel, and nothing but luck determining the results, I stand to lose an average of $5.26 for every $100 wagered.


For this reason, I view roulette as nothing but a lark, a fun little game to bet a few dollars on before moving on to the real grind.


End

You might enjoy other games of chance in the same way, and that’s fine – but winning casino players tend to focus on skill-based games with the lowest possible house edge.


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