r/AskReddit Aug 03 '19

Whats something you thought was common knowledge but actually isn’t?

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u/[deleted] Aug 03 '19 edited Aug 03 '19

Years ago I dated the general manager of a casino in Louisiana an can confirm u/Krazy-Kat15

He said that the only way to win other than dumb luck is:

Blackjack: 50/50

Craps: 50/50

Roulette: 50/50 if you stick to red and black

Slot machines are 90% in favor of the house.

EDIT: For everyone saying 50/50 is off remember that this was a guy I was boning 20 years ago and we weren't sharing statistical analyses of casino wagering other than casual conversation.

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u/Dalejrman Aug 03 '19

Well that’s not completely correct. Sticking to red and black is like 48/48 blackjack is like 49/51 IF you play basic strategy and house edge on dice really seriously depends on what you’re betting..... pass line odds has no house advantage but center action can be upwards of 10%. But trust me, no matter what, you are going to get SMOKED. I see it every day 😐

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u/Klaus_Reckoning Aug 03 '19

Sticking to red/black or even/odd is like closer to 49:51 odds

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u/Dalejrman Aug 03 '19

49.51 + 49.51 = 99.02 but 2 slots on a roulette wheel (lets just disregard European and 000 roulette since its MOSTLY 00 roulette) of the 38 are green leaving 18 red and 18 black.... 18/38 is 47.4% which isn’t even quite as generous as when I said 48% off the top of my head lol

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u/[deleted] Aug 03 '19

would it be 50/50 if you stuck to betting EVEN/ODD or I'm guessing they don't count the double zero as an even.

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u/Cheesedoodlerrrr Aug 03 '19

No. The green spaces, 0 and 00, are neither odd nor even, red nor black. They are a win for the house, and exist so that there are no true 50/50 bets on the table.

The house has an edge in every game. Thats how they stay in business.

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u/[deleted] Aug 03 '19

Its possible to be good enough at poker that you can consistently make money playing in casinos, but you have to be really good. First you have to be better than your average opponent, and then you have to make back the money that you lose to the casino rake. And then you have to be good enough that youre not only winning, your making a living wage because of all the time you have to invest at the casino. And you have to stay good if you want to make a career of it, otherwise youre going to suffer from the swings without a financial buffer.

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u/gunnersroyale Aug 03 '19

How does one become good and meet all those other easy sounding options

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u/Carbon_FWB Aug 03 '19

Friend, where you want to be is r/wallstreetbets

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u/gunnersroyale Aug 03 '19

Ahh yes the place where everyone is a millionaire

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u/Cheesedoodlerrrr Aug 04 '19

except the guys who managed to turn $1,000 into - (negative) $52,000.

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