Don't most casino's work with zero and double zero now?(just being picky)
Yes they do but there's always Blackjack where a skilled player can get the house advantage well below the level I suggested.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Note that there's a blank on the wheel which means the house takes EVERYTHING?
Yeah there is as "zero" the house takes everything. But that only occurs once every 37 spins. So 1/37 is 2.7% which is the house advantage. Which to be fair is bugger all. Lotto etc take about 35% off the punters and the TAB about 80-85%. With roulette and blackjack you can pretty much walk out almost evens every times. Blackjack you can win because the house has pre-determined levels where they need to stay and cannot deviate from those. But you need a very sharp mind and card counting ability to win consistently long term and I do not have those.
Yeah there is as "zero" the house takes everything. But that only occurs once every 37 spins. So 1/37 is 2.7% which is the house advantage. Which to be fair is bugger all. Lotto etc take about 35% off the punters and the TAB about 80-85%. With roulette and blackjack you can pretty much walk out almost evens every times. Blackjack you can win because the house has pre-determined levels where they need to stay and cannot deviate from those. But you need a very sharp mind and card counting ability to win consistently long term and I do not have those.
Odds for the House is different with the kind of odds Beagle was talking about for the punter?
Put a number on a roulette wheel and your odds of winning is 2.7%?
Yeah there is as "zero" the house takes everything. But that only occurs once every 37 spins. So 1/37 is 2.7% which is the house advantage. Which to be fair is bugger all. Lotto etc take about 35% off the punters and the TAB about 80-85%. With roulette and blackjack you can pretty much walk out almost evens every times. Blackjack you can win because the house has pre-determined levels where they need to stay and cannot deviate from those. But you need a very sharp mind and card counting ability to win consistently long term and I do not have those.
Never got into card counting but I understand any decent casino will spot the betting pattern a mile away these days.
Then how would the Casino pay for its cost of doing business ? The point of this analogy is that everything is above board and fully transparent when speculating at some venue's and certainly not at others ! Anyway...like all good train wrecks this one will be interesting to watch. I suspect that in the medium term if STU remains a stand alone company anyone putting any credibility on their ability to accurately forecast future profits is playing their own version of roulette as are FBU shareholders in hoping future synergies would be realized from any successful takeover and the transaction would be eps accretive.
Last edited by Beagle; 16-10-2018 at 10:36 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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