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Professional gamblers?

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  • 08-07-2013 2:03am
    #1
    Rob89
    Closed Accounts Posts: 26 ✭


    I'm just wondering does anybody gambling on the likes of roulette actually do it as a full time occupation or just play it to try and win some extra cash?


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    #2
    3DataModem
    Registered Users Posts: 3,943 ✭✭✭3DataModem


    Rob89 wrote: »
    I'm just wondering does anybody gambling on the likes of roulette actually do it as a full time occupation or just play it to try and win some extra cash?

    Roulette? No
    Poker? Yes
    Sports betting? Yes
    Blackjack? Maybe


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    #3
    premierstone
    Registered Users Posts: 7,706 ✭✭✭premierstone


    Rob89 wrote: »
    I'm just wondering does anybody gambling on the likes of roulette actually do it as a full time occupation or just play it to try and win some extra cash?

    Plenty of professional gamblers out there, but roulette is probably the worst example/area you could have mentioned, the houses edge is over 5%, whereas blackjack and Poker are games of skill.


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    #4
    3DataModem
    Registered Users Posts: 3,943 ✭✭✭3DataModem


    premierstone wrote: »
    Plenty of professional gamblers out there, but roulette is probably the worst example/area you could have mentioned, the houses edge is over 5%, whereas blackjack and Poker are games of skill.

    Roulette house edge is 2.7% in Europe, only 5.3% in the US.

    Blackjack is a game of skill only when counting cards. Otherwise the house edge is unbeatable.


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    #5
    premierstone
    Registered Users Posts: 7,706 ✭✭✭premierstone


    3DataModem wrote: »
    Roulette house edge is 2.7% in Europe, only 5.4% in the US.

    Blackjack is a game of skill only when counting cards. Otherwise the house edge is unbeatable.

    5.26% in the US (2/38*100 compared to 1/37*100)

    The house edge in blackjack is less than 1% using only basic strategy and the edge is lower the less decks being used, any competent player can beat the house edge consistently.


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    #6
    3DataModem
    Registered Users Posts: 3,943 ✭✭✭3DataModem


    premierstone wrote: »
    5.26% in the US (2/38*100 compared to 1/37*100)

    You beat me to it! Of course 5.26% is correct for almost all the bets in US Roulette.
    premierstone wrote: »
    any competent player can beat the house edge consistently.

    You mean with or without counting?


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    #7
    premierstone
    Registered Users Posts: 7,706 ✭✭✭premierstone


    3DataModem wrote: »
    You mean with or without counting?

    With basic strategy which involves a certain amount of card counting, but its not nearly as complicated as made out - you don't need to be a rainman type character - there are some very basic forms of card counting, abviously the more complex methods are more profitable.


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    #8
    gordongekko
    Registered Users Posts: 5,301 ✭✭✭gordongekko


    premierstone wrote: »
    With basic strategy which involves a certain amount of card counting, but its not nearly as complicated as made out - you don't need to be a rainman type character - there are some very basic forms of card counting, abviously the more complex methods are more profitable.

    any links to a good site to learn these methods?


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    #9
    premierstone
    Registered Users Posts: 7,706 ✭✭✭premierstone


    gordongekko wrote: »
    any links to a good site to learn these methods?

    http://www.blackjack-guide.net/how-to-learn-card.html

    Have a read of that for starters, but really its like any other game practice practice and then practice some more.

    The ability to count cards competently is greatly affected by the number of decks been used by the dealer.

    Also whilst not illegal, if a Casino suspects you of card counting or you are a consistent winner, you will be simply barred. They have the right to refuse anyone, the player has very little rights really.


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    #10
    whiteshorts
    Site Banned Posts: 880 ✭✭✭whiteshorts


    US Casinos use Single and Double 0, Europeans use Single 0.


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    #11
    3DataModem
    Registered Users Posts: 3,943 ✭✭✭3DataModem


    whiteshorts wrote: »
    US Casinos use Single and Double 0, Europeans use Single 0.

    Yep... hence the difference in edge quoted above... almost every bet on US roulette has a massive 5.26% edge.


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