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nobby
09-02-09, 23:24
I feel like gambling... stock trading is stressful, I feel like playing a game :p

My strategy, probably the most used and oldest one... which Nobby's mind came up with is as follows.

You bet either red or black... however you have to wait until the same colour has appeared three consecutive times in a row, bet on the opposite colour, if it loses on the forth time, bet double etc.. until the colour changes suit and wins.

My question is, what probability do i have, of the opposite colour appearing after, two consecutive times, three, four, five ... etc


I feel like gambling...

Nidhogg
09-02-09, 23:33
If you try telling me you have a strategy for roulette I'll tell you you have a strategy for nothing. The house always wins. Even the so-called 50/50 chances like black/red or odd/even aren't truly 50/50 chances because there's one number on the board that is neither black, red, odd or even. Eventually the house will clean you out.

I saw a guy lose almost a million dollars at Emperor's Casino in Jo'burg once. He didn't even blink. Moral being, only gamble with what you can afford to lose. ;)

nobby
09-02-09, 23:45
oh of course of course !

I only plan of even aiming at winning 1 or 2 pound a time, I'm sure though that probability at a 4th time must be in an odds to my favour... but still the wooden spoon of green zero still applies.

bleh


Anyone help with actual percentages?

Lexxuk
10-02-09, 00:58
If you bet £1 on red, £1 on black, you will almost always win! Thats the best strategy you can get :P

/edit - better answer, the odds *never* change, the ball nor the wheel hold any memory of their last number, so its quite possible to get the green number come up 5 times in a row.

Its like the lottery, you have exactly the same odds of 1,2,3,4,5,6 coming up as any other number combination.

Asurmen Spec Op
10-02-09, 01:34
I feel like gambling... stock trading is stressful, I feel like playing a game :p

My strategy, probably the most used and oldest one... which Nobby's mind came up with is as follows.

You bet either red or black... however you have to wait until the same colour has appeared three consecutive times in a row, bet on the opposite colour, if it loses on the forth time, bet double etc.. until the colour changes suit and wins.

My question is, what probability do i have, of the opposite colour appearing after, two consecutive times, three, four, five ... etc


I feel like gambling...
The previous results in games like roulette do not affect the next outcome in any way(like rolling a dice), so therefore it is simple.

For one color to appear is 1/2
for it to appear twice in a row is 1/2 * 1/2
for it to appear three times in a row is 1/2 * 1/2 * 1/2
so we can get
the chance of it appearing n times in a row is
(1/2) ^2

Again, this is the important part.
The previous result does NOT affect the next result, it doesn't matter if the past 6000 have been red, it has an equal change of being red/black(assuming here that 50/50 change, which afaik it is)

nobby
10-02-09, 02:08
still...

i'm sure probability MUST exist here...

let's look at flipping a coin...

what's the chance of 1 in an million X chance i could flip a coin and get 10 heads in 10 tries?

specranator
10-02-09, 02:13
maybe you could try 21 and make more money, like the MIT guys ;)

CMaster
10-02-09, 02:14
Doesn't matter nobby. The result of the previous flip (with a truly balanced coin) does NOT effect the following flip.
Roulette is pure luck. Simple randomness. You get when you bet slightly worse odds than you actualy have of winning. (Eg the probability of getting red or black is actually only 18/37, but you get evens pay back. Probability of getting the right number is 1/37, but you only get paid back 36 times what you put in.) On average at roulette you WILL lose money. Blackjack or similar is the game if you have a good memory and a stratergy. Dice and roulette are pure chance games, with the odds slightly in favour of the house.

Edit: just to expand on the example you gave earlier nobby:
The chances of getting 10 heads in a row is (1/2)^10. However the chances of the 10th flip being a head is 1/2, regardless of what went before.

Powerpunsh
10-02-09, 02:19
If you play roulette its the keeper who makes your chances.

Why dont you learn how to count cards in Black Jack?
Ace, 7-10 = -1
4-6 = 0
King, jack, queen 2-3= +1
(was something like this)

Go in a casino with 3 friends. let them count this way. If a table is like over +15 jump in with high rised pools. :angel:
But dont let gambling get to an addiction. :p

nobby
10-02-09, 02:34
heh

just found out the record of consecutive same colour ever was 22 times...

And if i wanted to do my 1 pound profit a bet, i'd need 4.194 million at risk maximum if i used the record as a max potential losing streak ever...


bah ><

Tried card counting when i was in the casino...

sitting at the table with the noise and everything...

impossible for nobby's little head to do >_<

Asurmen Spec Op
10-02-09, 02:59
heh

just found out the record of consecutive same colour ever was 22 times...

And if i wanted to do my 1 pound profit a bet, i'd need 4.194 million at risk maximum if i used the record as a max potential losing streak ever...


bah ><

Tried card counting when i was in the casino...

sitting at the table with the noise and everything...

impossible for nobby's little head to do >_<
According to google, the chance of you getting 23 in a row is
1.33130738 × 10^-31
that, is 2^23 tries(on average) to get 23 in a row.
if you somehow play at 100/second, it'd take you
7.5114133 × 10^28 seconds
or,
2.08650369 × 10^25 hours
or,
2.38027408 × 10^21 years
the age of the earth is
4.550000000 *10^9 years
the age of the universe is(assuming 13.61 billion years)
13.61 * 10^9 years.


Doesn't matter nobby. The result of the previous flip (with a truly balanced coin) does NOT effect the following flip.
Roulette is pure luck. Simple randomness. You get when you bet slightly worse odds than you actualy have of winning. (Eg the probability of getting red or black is actually only 18/37, but you get evens pay back. Probability of getting the right number is 1/37, but you only get paid back 36 times what you put in.) On average at roulette you WILL lose money. Blackjack or similar is the game if you have a good memory and a stratergy. Dice and roulette are pure chance games, with the odds slightly in favour of the house.

Edit: just to expand on the example you gave earlier nobby:
The chances of getting 10 heads in a row is (1/2)^10. However the chances of the 10th flip being a head is 1/2, regardless of what went before.

correct, on a 50/50 coin flip(or anything else that is 50/50) the chance of it being one of them is 1/2 regardless of how many times you've flipped before.

It is important to note that casinos put a lot of effort into making sure that the games they play will have them win more than lose on average. Things like slots, roulette, craps are especially good in this regard because people who win generally think they are on a 'lucky streak' and then burn all their money away.

Powerpunsh
10-02-09, 03:14
Tbh: Go and play lottery.
If you win the Jackpot, you'll shit bricks. :D

nobby
10-02-09, 03:14
I really don't understand these numbers and calculations you throw at nobby... please explain in nobby terms...

I did a 100 spin test, here are the streaks
3 5 3 5 3 6 3 4 3 3 6 5 3 3 3

15 pound profit in 20 mins.

however would require 125 pound to ensure a profit if this streak were to continue.

please could you elaborate those figures easier to me...

like, you have 89% chance of a 5th encounter... etc...


a 99.9999999999999999999999999000011111% of a 12th

Lodar
10-02-09, 03:16
Take it from someone who has lost an obscene amount of money at roulette, there is no effective strategy. Even the 50/50 outside red or black spins have a way of screwing you when you least expect it. Some people refer to it as 'sods law'. Like Nid says, the house always wins.

nobby
10-02-09, 03:21
true true...


meh...



The only way i guess is to have a stupid amount of money... getting a stupid little profit as the sure way to win...




Guess i'll spend days card counting...

Asurmen Spec Op
10-02-09, 04:52
true true...


meh...



The only way i guess is to have a stupid amount of money... getting a stupid little profit as the sure way to win...




Guess i'll spend days card counting...
The only time having a large bank will help you if is you can make it so that your odds to win are > the house's odds.

The only real options that i know of are card games where you can you the state of the deck to help your odds.

The only way I can explain this is as such
The previous result in roulette will not in any way affect the chances of the next

It is 1/2 black, 1/2 red, regardless of what the past 1,10,100,1000 have been.
As the amount of times you play approaches infinity, the amount of times it landed on black will approach 1/2, and same with the reds.


Assman's intro to prob(may be wrong, it has been a year since I've done anything major and my mind is on my AI homework)

Probability can be described simply as
P= (The outcome)/
(how many outcomes there can be)
So lets say for example you have a fair dice(that is that all the numbers have an equal chance of coming up)
for getting a 1 you'd have
P=1/6, there are 6 possible ways the dice could come up, and only 1 of those is what you want.
for getting a 1,2,3 you'd have
P= 3/6, there are 6 possible ways the dice could come up, and you want 3 of those.
now for two dice we have 36 possible outcomes (1,1),(1,2),(1.3)...
lets say we want the sum of the dice to equal 6
that would be (1,4),(2,3),(3,2),(4,1). so that would be 4/36 or 1/9

Questions? :P

Nidhogg
10-02-09, 11:18
If you want a skilful gambling game then learn poker. It's factored on chance but how you play your hand is up to you.

N

nobby
10-02-09, 11:41
heh

I played in a poker tourney at casino, VERY nerve racking and I looked a total noob because of my unconfidence.

I don't really wanna do it again : \




Still would be good to learn...

Biglines
10-02-09, 12:44
try online poker, it's more based on ur kind of trendwatching/odds calculation, and people who are good at this can make serious amounts of money (the large base of people who just do it for fun makes sure the ones that play seriously can make a lot of money, which happens less in casino)

even just playing even (which with odds calculation alone is possible), you can make a lot of money just playing off the bonusses offered by online casinos, like u get double ur entry money when u play a certain amount of games... most people lose it, those that play seriously can really earn thousands of dollars/pounds/euros from only this

Lexxuk
10-02-09, 13:42
Funnily enough, heads or tails is not a 50/50 chance, its a 49/51. Some people with too much time on their hands set up an experiment flipping the coin enough times (about a million or some really weird high number) with a mechanical coin tosser, the eventual results were 49/51 (was a question on QI).

Tables though usually tell you the "rough" odds when you bet, the odds being how much money you get back if you win.

Red / Black 2-1
Top / Middle / Bottom 3-1
Left / Middle / Right 3-1
Number 36-1 or whatever the number of numbers is.

You could try to go red / middle / left which will drop down the odds, but still not in your favour because it could easily go black which means you lose, although if its a black 15 you win.

Over time though you will lose all your money and end up writing a self help guide on how to quit gambling.

Powerpunsh
10-02-09, 14:09
Another way to get money is to catch subsidies due to a nice plan to provide new jobs and escape to Cuba. :lol:

Btw. Lexxuk one more post and ull reach the 7K! :p

L0KI
10-02-09, 14:49
Stupid question really :p

No, no, no, no, no.

It's always a 50/50 chance. ALWAYS.
You don't need a mathematical brain to work that one out.

(Edited - overly harsh)

nobby
10-02-09, 14:57
Not according to the mechanical Flipping arm >.<!


^^





hmmmm



I did 1000 spins on the roulette wheel, recording it overnight, did a skip through watch of the consecutive colours.

There were:
112 rows of 3
58 rows of 4
76 rows of 5
32 rows of 6
19 rows of 7
3 rows of 8



remember I stick to 1 pound profit a time.
If it goes against me, this is how it'd look

4th - £1
5th - £2
6th - £4
7th - £8
8th - £16



a ninth time never got touched in 1000.

What i'll do is, record 10,000 for overnight and see how it looks.

Lodar
10-02-09, 15:04
As well as the general randomness of roulette, you also should factor the variable of human greed into the equation. If any 'strategy' you are using seems to be coming in, why not double the stake, thus doubling the winnings? And so it begins. Greed is an incredibly powerful impulse to even the most unimpulsive of human beings, something else one should consider when gambling.

nobby
10-02-09, 15:38
oh definitely, but I know that once I double my steak to 2, I lose one extra chance of the consecutive line...

Still with the 1000 spins I did last night, the potential profit was £300 exactly...

let's see how the 10,000 spins works out.

rob444
10-02-09, 17:11
Maybe you should play russian roulette instead, 83% chance to win, good odds! :)

nobby
10-02-09, 17:53
OMG !

I've found some online casinos offering "ZERO EDGE TABLES !"

This means there's no green zero... offering me a perfect 50% chance of red or black...

betfair aparently does this and I shall take a look when i get home from college.


We'll see how my strategy works on them :)

Deno
10-02-09, 18:10
Can I just warn you, no matter what you think, there is no way (mathematically anyway) to 'beat the house' at Roulette. It is complete chance, and if you average it out over time, at best you will break even (you talked about those zero edge tables). The only games where the outcome is even 'slightly' influenced by the player is poker and blackjack, but to even create enough influence that would be sufficient to overcome the house edge would take years of practice, and an uncommon talent. In other words, if you've got any sense, stay the fuck away from casinos. Only ever gamble for fun, never to make money.

Doc Holliday
10-02-09, 19:42
go in to a real casino nobby and just hand over your money. its much easier :)

so i hear from a friend i met in Oz who was a dealer it can be possible to influence the ball also when playing roulette. the amount of spin etc put on it can affect where it lands. this is not an exact science and i have been told it via word of mouth but its another good reason to not do it for anything other than fun.

Doc Holliday
10-02-09, 19:43
Btw. Lexxuk one more post and ull reach the 7K! :p

i remember lex getting to 1337 and wanting to stop but couldnt :)

Transformer
10-02-09, 21:16
Take it from someone who has lost an obscene amount of money at roulette, there is no effective strategy. Even the 50/50 outside red or black spins have a way of screwing you when you least expect it. Some people refer to it as 'sods law'. Like Nid says, the house always wins.


Actually you're wrong. There is one, and only one effective strategy to playing roulette. You have to bet all your money on one color on the first go. Like other says, it doesn't matter if 5000 reds were just rolled, they chance that the next roll is red is the exact same.

Oh and btw, roulette is never 50/50. You have to take into account the 0 and 00 greens.



House Advantages

Game Bet/Rules House Edge

Baccarat Banker 1.17%
Baccarat Player 1.36%
Baccarat Tie (pays 8:1) 14.12%
Big Six $1 11.11%
Big Six $2 16.67%
Big Six $5 22.22%
Big Six $10 18.52%
Big Six $20 22.22%
Big Six Joker/Logo 24.07%
Blackjack Single Deck 0.20%
Blackjack Double Deck 0.35%
Blackjack Four Decks 0.51%
Blackjack Six Decks 0.60%
Blackjack Eight Decks 0.63%
Caribbean Stud Poker 5.22%
Craps Pass/Come 1.41%
Craps Don't Pass/Don't Come 1.40%
Craps Pass + 1X Odds 0.85%
Craps Pass + 2X Odds 0.61%
Craps Pass + 5X Odds 0.32%
Craps Pass + 10X Odds 0.18%
Craps Pass + 100X Odds 0.02%
Craps Field (2:1 on 12) 5.56%
Craps Field (3:1 on 12) 2.78%
Craps Any craps 11.11%
Craps Big 6,8 9.09%
Craps Hard 4,10 11.11%
Craps Hard 6,8 9.09%
Craps Place (to win) 6,8 1.52%
Craps Place (to win) 5,9 4.00%
Craps Place (to win) 4,10 6.67%
Craps Place (to lose) 6,8 1.82%
Craps Place (to lose) 5,9 2.50%
Craps Place (to lose) 4,10 3.03%
Craps Proposition 2,12 13.89%
Craps Proposition 3,11 11.11%
Craps Proposition 7 16.67%
Double Down Stud 2.67%
Keno 25%-29%
Let it Ride 3.51%
Pai Gow Poker 2.50%
Red Dog Six decks 2.69%
Roulette (Single Zero) 2.70%
Roulette (Double Zero) 5.26%
Sic-Bo 2.78%-47.22%
Slot Machines $.05 15.20%
Slot Machines $.25 10.20%
Slot Machines $.50 9.10%
Slot Machines $1 8.10%
Slot Machines $5 5.50%
Slot Machines $25 5.30%
Slot Machines $100 3.90%
Spanish 21 0.82%
Three Card Poker Pair Plus 2.32%
Three Card Poker Ante & Play 1.46%
Video Poker 5/6/800 5.00%
Video Poker 6/9/800 0.46%
Video Poker 6/9/1000 -0.07%
War Go to war on Ties 2.88%
War Surrender on Ties 3.70%
War Bet on Ties 18.65%

Asurmen Spec Op
10-02-09, 22:53
Funnily enough, heads or tails is not a 50/50 chance, its a 49/51. Some people with too much time on their hands set up an experiment flipping the coin enough times (about a million or some really weird high number) with a mechanical coin tosser, the eventual results were 49/51 (was a question on QI).

Tables though usually tell you the "rough" odds when you bet, the odds being how much money you get back if you win.

Red / Black 2-1
Top / Middle / Bottom 3-1
Left / Middle / Right 3-1
Number 36-1 or whatever the number of numbers is.

You could try to go red / middle / left which will drop down the odds, but still not in your favour because it could easily go black which means you lose, although if its a black 15 you win.

Over time though you will lose all your money and end up writing a self help guide on how to quit gambling.
Then they did not flip a fair coin, pure and simple.
Whenever I talk about coins or dice or whatever, I am generally talking about fair coins/dice.

Fair means that all outcomes are equally likely.

we could use a coin where P(heads) = .51 and P(tails) = .49
it wouldn't really change much in the long run.


Oh and btw, roulette is never 50/50. You have to take into account the 0 and 00 greens.

Thanks, I have almost zero idea of how the roulette wheel is set up, my results were based on the assumption that they were 50/50

Biglines
10-02-09, 23:38
Funnily enough, heads or tails is not a 50/50 chance, its a 49/51. Some people with too much time on their hands set up an experiment flipping the coin enough times (about a million or some really weird high number) with a mechanical coin tosser, the eventual results were 49/51 (was a question on QI).

Tables though usually tell you the "rough" odds when you bet, the odds being how much money you get back if you win.

Red / Black 2-1
Top / Middle / Bottom 3-1
Left / Middle / Right 3-1
Number 36-1 or whatever the number of numbers is.

You could try to go red / middle / left which will drop down the odds, but still not in your favour because it could easily go black which means you lose, although if its a black 15 you win.

Over time though you will lose all your money and end up writing a self help guide on how to quit gambling.

plus, odd generally assume infinity afaik, as in, non-measurable in real experiments, just approachable

Hoder
10-02-09, 23:44
Oh and btw, roulette is never 50/50. You have to take into account the 0 and 00 greens.In American roulette, yes. In Europe, we only have single 0. That does change the odds slightly.

At my last casino night, I found that by spreading my chips around, I could make my money last a good while, but it gets spent in the end. Note the word "spent"; you have to be mentally prepared to "spend" money for a night's entertainment. You will be disappointed if you lose money. Keeping aside a £5 chip to cash in at the end of the night helps to lessen the blow of spending your budget sooner than you thought (and it's your taxi fare home :p )

www.gambleaware.org

Transformer
11-02-09, 13:29
, but it gets spent in the end.




Exactly. Like I said before, your best odds (although not the most fun) are to put all your money on 1 color and then stop. 1 bet, that is it. After that, the house advantage will run its course.

With only a single 0 it looks like your advantage increase about 2%.. Just means you get to play longer before losing all your money.

Remember, there's always exceptions. I'm sure some people can play for 2 hours and get lucky every once in a while, but statistically, what I said give you your best chance.

Games like blackjack and craps usually yield the best results, but the problem is that it's skill based to an extent. Like my chart before says, a good blackjack player can bring the house advantage down to .2%-.6%

nobby
11-02-09, 15:48
After checking out betfair's "zero edge"

It is incompatible with my strategy, as you HAVE to bet to spin the wheel.

So i'm sticking with 888.com

I deposited $71 (£49.60) plus $17 welcome bonus PLUS $50 bonus as I saw a "CREATE YOUR ACCOUNT WITH THE USERNAME CO2FREE AND GET A FREE $50 BONUS ON TOP OF YOUR WELCOME BONUS"

So altogether starting with $138

by using this strategy, i'm now at $ 199

so looking good :)



Sticking to a diciplined strategy is REALLY hard...

Temptation is a cunt, truly... "what if i bet just $5..."

Still I've been a good boy :)


When I get to $300, i'll withdraw $100




edit: just had my 9th consecutive row appear now...

Asurmen Spec Op
11-02-09, 21:43
After checking out betfair's "zero edge"

It is incompatible with my strategy, as you HAVE to bet to spin the wheel.

So i'm sticking with 888.com

I deposited $71 (£49.60) plus $17 welcome bonus PLUS $50 bonus as I saw a "CREATE YOUR ACCOUNT WITH THE USERNAME CO2FREE AND GET A FREE $50 BONUS ON TOP OF YOUR WELCOME BONUS"

So altogether starting with $138

by using this strategy, i'm now at $ 199

so looking good :)



Sticking to a diciplined strategy is REALLY hard...

Temptation is a cunt, truly... "what if i bet just $5..."

Still I've been a good boy :)


When I get to $300, i'll withdraw $100




edit: just had my 9th consecutive row appear now...
The odds are loaded in the favor of the house, this is a business.
Plus, if you are doing it online do you know how easy it is for them to 'tweak' the results to lull you into a false sense of victory then fuck you in ass?

nobby
11-02-09, 22:06
yes, however i got an 8 consecutive row on my SECOND row of doing it, which made me think maybe they "Have" to stick by their word of percentage for law's sake.


I'm gonna take my profit and leave me thinks...




by the way, how would i find out how many decks of cards 888's blackjack uses?

Transformer
12-02-09, 00:38
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That should answer your question.

nobby
12-02-09, 00:46
no card counting for Nobby then :p

guess i'll practise 40 million times a day until I go to the Real casino again :D

Nidhogg
12-02-09, 00:57
I really hate it when people write "loose" when they really mean "lose". Hate it.

N

nobby
12-02-09, 01:27
Very amateur'ish isn't it Niddy.


With my AS level in English, I'm very skilled in spelling :p

All bad spelling and bad grammar make Nobby a very angry boy ><

nobby
12-02-09, 13:34
I'm loving this :p

Got to $300, withdrew it all

Then got a message saying i'd accumilated enough "comp points" to receive the other 75% of my welcome bonus :)

So that was $59 more to play with, got that to $100 and withdrew $90 :)

with my ten to play with, I went on Blackjack, sat using one of those "Basic Strategy cards" and took my $ 10 to $30.

withdrew all that :)

overall $420

Profit - $349 (£234)


woot ? ^^ :p

Hoder
12-02-09, 18:16
I really hate it when people write "loose" when they really mean "lose". Hate it.

N/agreed


With my AS level in English, I'm very skilled in spelling :p

All bad spelling and bad grammar make Nobby a very angry boy ><Have you any idea how often you're gonna get quoted on that with your next typo? I'll give it a week :p

Asurmen Spec Op
12-02-09, 21:20
I really hate it when people write "loose" when they really mean "lose". Hate it.

N
I do too, but I can see where it comes from.
choose, lose

Transformer
13-02-09, 01:25
Grammar carebears. Good thing I didn't write it; just quoted it.

Nidhogg
13-02-09, 11:49
Grammar carebears. Good thing I didn't write it; just quoted it.
You might want to lose the santa hat from your avatar as it's bad luck, allegedly. Especially today of all days!

N

Finne
13-02-09, 15:02
"..........roulette strategy"

I wonder what frightens me more, that u all guys take this obvious troll serious or the fact that hes "maybe" honest with his thread :lol:

Powerpunsh
13-02-09, 16:01
I think nobby take this serious.

btw Nobby: Dont you have to pay taxes for your profit? :rolleyes:

Dont wanna see your next Thread: "Nobby got problems due to tax dodging"

nobby
13-02-09, 16:10
No, because it's gambling :)

Same with my trading "Spread BETTING" :p

bwahahaha !




And what do you mean... "Obvious Troll"

Please elaborate :D

Powerpunsh
13-02-09, 18:21
Nobby, be careful. In germany we have to pay for a lottery jackpot about 30% taxes. Thats gambling either... :p
Im sure you have to pay taxes after an defined profit. Check your laws. :angel:

Hoder
13-02-09, 19:04
Nobby, be careful. In germany we have to pay for a lottery jackpot about 30% taxes. Thats gambling either... :p
Im sure you have to pay taxes after an defined profit. Check your laws. :angel:In the UK, all prizes from gambling (Premium bonds, football pools, horse racing, National Lottery etc.) are exempt from income tax.

Lottery duty, Bingo duty, Gaming duty and General Betting duty is paid by the gaming providers who profit from gambling, such as bookmakers, casinos etc.

nobby
13-02-09, 21:06
Lovely is it not? :p

Ahhh Britain !


Now i'm off to watch Coronation street :D





ps. Card counting is hard : \

Powerpunsh
14-02-09, 03:26
In the UK, all prizes from gambling (Premium bonds, football pools, horse racing, National Lottery etc.) are exempt from income tax.

Lottery duty, Bingo duty, Gaming duty and General Betting duty is paid by the gaming providers who profit from gambling, such as bookmakers, casinos etc.

Hmm, ive reread our laws and its the same here like in the UK. :confused:
But alot people say you must note it in your income tax.

anyway, we have to pay taxes on the interests of the gambling profits.

Apocalypsox
14-02-09, 05:37
The lottery in America, If i'm not mistaken, is taxed a lot more than 30%. Not sure of the numbers, but I believe i've heard of it being 60% or so before.

nobby
15-02-09, 02:43
That's shit lol

:p


But what about if I went to Vegas on holiday?


Would I pay tax on it?

Asurmen Spec Op
15-02-09, 08:35
That's shit lol

:p


But what about if I went to Vegas on holiday?


Would I pay tax on it?
A lot of lotteries require you to be a US citizen...

nobby
15-02-09, 14:39
...

"Vegas"

Las vegas lol

What would happen say...

I won 10K on a slot machine by chance, what would I do about tax?

gypsiMoth
16-02-09, 06:14
Never been to Vegas but if you win a Lottery in Oklahoma they take taxes right off your winnings when you get the check from them

silent000
16-02-09, 13:38
What would happen say...

I won 10K on a slot machine by chance, what would I do about tax?

Nobby, I could teach you everything you want to know about the slot machines and how their 'mind' works... But it is as everyone says it will ALWAYS beat you unless you know when to bet and how much profit you are going to make on one pound.

When I go into the pub I have a good relationship with the staff so I get figures of how much is ran through a specific fruity, now if I play with these odds I can sometimes get a jackpot value of £35 out of about £2 and good thinking. But that is with studying fruit machines for years...

If I count how much I have lost and won every time I play, I probably would be down by a couple of thousand.

But it is very good fun :lol:

nobby
16-02-09, 14:39
I think we should have a Casino meet one time...


Team of NC card counting anyone? :p



Doesn't seem so hard now i've been practising :)

Powerpunsh
16-02-09, 15:30
Be careful with cardcounting. Heard that they fuck up your head and bann you out of the casino if they see over the tablecameras that you "cheat??" like this.

Ok, its a strategy but a very usefull strategy. :D

[K1]Luke
16-02-09, 18:47
Only real way to win is sector targetting. But good luck with trying to do all those calculations in your head :P

CritiNator
16-02-09, 19:00
I suggest that everyone interested in this topic, checks this movie out..
http://www.imdb.com/title/tt0478087/
It very good movie and top of that, its movie about few youngster, counting cards with bit of action and twists makes it good movie.

[K1]Luke
16-02-09, 19:54
I always find shows/movies like that interesting so I'll have a watch, thanks =)

Also, if anyone's interested, this reminds me of a recent TV episode of "Hustle". The new series is out on BBC1 Thursdays at 9pm. It's about a group of con artists, lots of thrilling twists and turns in the plot.

nobby
27-02-09, 04:35
Nobby's big fat lesbian sister is coming down tomorrow !

yay !!!

She's coming with her lady man of the house, to visit us :)

They've asked if we can go back to the casino like we did on my birthday ;)



Looks like all that cardcounting practice will make its mark :p

nobby
01-03-09, 05:41
Well I had a great night !

Used my card counting and my roulette strategy, ended up with a profit of 40 pound in the end.

Card counting was nerve racking and hard !

Had a bunch of Chinese girls keep attempting to advise me at the table, and them getting it wrong :p

Was fun :)

Think i'll have to organise house casino games with friends :lol: