/biz/ - Business & Finance

>>13300955
a non biased roullete wheel mathematically guarantees you lose. do with that what you will.

Its certainly possible to make a living from gambling, but not by long term making bets with a negative expected value you mong

>>13300955
If your system is based on the physics of the wheel and the ball, ot your casino has a biased wheel, then it can work. If your system is based on some retarded betting pattern on the numbers, then no, it's a fucking martingale and you will lose everything.

>OP here
Look, to be honest then, i just don't want a shit job. All I want to do is make 15/hr worth of money with as little effort and responsibility. I have a lot saved up. Are there much better ways?

>>13300955
you will lose in the long run, guaranteed. If you gonna gamble do it with crypto

>>13301054
buy bottomed shitcoins

>>13301085
Reccomended sources and material? I'll just pirate anything that's offered as lessons in bitcoin.

>>13300955
OP please tell your strategy.

Also, unless you're in Vegas, Reno, or Atlantic City, I don't see how this would be sustainable over the long term.

If you go into a casino and consistently win, eventually they will just kick you out. They have the right to refuse service. The house has the advantage and if they see you winning more often than not they will likely simply kick you out, especially if you aren't otherwise spending money on food or drinks.

Only exception to this rule is poker because you aren't playing against the house. This is why the ban people who are good at card counting (difficult to do now due to 6 card decks etc)

If you're not larping OP I say keep doing it and make as much as you can, but just keep in mind that eventually the gravy train will end, either because your plan fails you end up losing, or because the casino wises up to you and boots you from the premises

>>13300955
If the game isn't rigged in your favor, there is no long term profitable strategy. This can and has been mathematically proven.

Now, Martingale is a strategy that can last pretty long before you'll inevitably go broke when ANY of the following happens:

A: you hit a bad streak of say, 15-20 losses in a row (yes it can, has and will happen) and you cannot double up because you're broke

B: same as above except you're not (yet) broke, but you're hitting the table limit, so you cannot double up

And above all:
C: what color is zero? is it odd or even? The answer is why you'll lose in the long run.

Pic related: OP at the casino

>>13301146
I do live in one of those areas. Only thing I'm doing is going in and putting a sum of 50-100 on black or red. If I win then I pocket the money I started out with, and play from there, a lot of black and red betting, until I get up to enough to take some more chances. Usually those higher chances I make sure I'm using money that has gone past what I expected to earn for that day, and use the extra to see if I can make a little more. If all else fails, I always walk out for the day. To make up for a lost day (not in debt mind you) I'll do an odd job for friends or sell something. The next day I go in, I try again and go from there- I always keep track of expenses to make sure I'm never in the negative from the exact point I started doing this. If I stay disciplined, and find it easy to supplement back some money without gambling, I think I'd be fine.

>>13301182
I always play European wheels.

>>13301225
You're playing a dangerous game. Remember you have a less than 50% chance of hitting red or black, because of the existence of 0 and 00 on the roulette wheel.

Also, just out of curiosity, do you mainly play at "real" roulette tables or do you use the half electronic ones (real ball and wheel, but controlled by a machine)?

>>13301225
Imagine I offered you a coin flip where if you win, you get 1.90x your stake, and if you lose, I keep your stake, does that sound like a potential long term profitable arrangement?

>>13301254
Always real. Paranoid about electric wheels.

>>13301232
>>13301225
I'm sorry but you're unironically retarded. If you don't understand why this is a bad idea then you are exactly the type of person the casino is trying to manipulate and exploit. Honestly it's so pathetic it's sad.

>>13301269
I understand. But, if I go into that bet and do win, I'll continue playing. If I don't, I go back home and look for an odd job, beg, or sell something I can create myself to supplement my loss.

>>13301282
If you have a better idea, I'm all ears. I understand what you would be afraid of, but it's just for a year or two.

>>13301296
But you will lose 50% of the time and not make enough to cover your losses. It would be more profitable to just do the odd jobs and forget the gambling.

>>13301307
The better idea is obvious if you're not a brainlet: Don't take negative expected value bets.

>>13301282
He wouldn't have come on here looking for advice if he didn't have his doubts numb nuts.

>>13301232
That's why I forgot about the double zero on american wheels because I'm from Europe. All my points still stand (and cannot fall).

Maybe look into Poker, you can be profitable at microstakes within a couple months. Yeah you won't make $12/hour at micro, but you'll be +EV. Move up once you're confident enough (and your bankroll allows for it). Forget about high stakes, that's literally gambling again.

>>13301310
Yeah, I understand, but the way things are in my life even getting money that way and depending on others to pay you or be interested is still a gamble. I guess I just like the purity of gambling itself.

>>13301307
I'll throw you a bone anon: wait until sports betting is properly liberalised in the US and get into matched betting, arbitrage, market scalping, and eventually exchange trading. They aren't the most profitable ways of making money off sports betting but they are the easiest, any old retard can do it.

>>13301296
then its just a matter of time. how can you be so stupid?

>>13301232
where do they have European wheels? I'm guessing you're in Atlantic City? I don't think I've seen European roulette wheels in Las Vegas before

>>13301367
My standards aren't the same as yours, so in a sense maybe it is stupid. Getting a minimum wage job, causing stress, dealing with shitty assholes, crappy managers with complexes, and coming home ragged and more depressed than I already fucking was, doesn't sound like a good gamble to me. All I lack is resources, I'm not retarded. Just willing to do something for the sake of myself, my health, and my future, not become another stupid coward with a shit job looking to find purpose in "how hard he works or can rip someone off". I'd rather take the gamble other places.

>>13301398
OP this anon is right>>13301348

Guy who just won over $100k on Jeopardy is a professional sports gambler who lives in Las Vegas. The guy is obviously brilliant, that's why he succeeds at sports betting, but if you follow sports it's a decent way to make money

>>13301388
Here you go. There are few, but they do exist.
https://www.onlineunitedstatescasinos.com/las-vegas/games/roulette/single-zero/

>>13300955
>gambling
>could be lucky

I'm sure your betting strategy is infallible, this could not possibly go wrong. Go all-in.

>>13301410
What do you mean? Sports betting is legal in Vegas...

>>13301424
You didn't read the rest of my reasoning.

>>13301307
As someone who works in the casino industry, dont do it. I deal to players everyday who try to do this and it NEVER works. You're bank roll, strategy, type of game..etc doesnt matter. The house always wins. You'll lose more than you win, plain and simple. Trust me on this OP

>>13301410
I'm willing to try it.

Whats wrong with the martingale strategy? Of course over an infinate timeline you will lose but if you quit while youre ahead you can make some sweet gains

>>13301425
Google matched betting, sports arbitrage, read this paper: https://arxiv.org/ftp/arxiv/papers/1710/1710.02824.pdf

>>13301446
There's a >50% chance you will not be ahead after your very first bet. Now can take your losses and walk home, or chase after them... this in contrast to walking into a casino, putting $100 on red, win, walk out with a sweet extra $100 which has a chance of <50%.

No matter how you, ahem, spin this around, you WILL lose.

>>13301446
Exactly, which is what I'm willing to do.

>>13301513
Only if I get emotional about it and become a retard with "winning it all back".

>>13301467
Add "steam chasing" to this list also

>>13301533
I really don't know if you're trolling, immature or braindead. I'll walk you through the 2 possible scenarios of "quit while you're ahead" and "don't chase your losses", alright?

Scenario one:
>be you
>first bet, win, quit while you're ahead
chance of this happening? LESS than 50%.

Scenario two:
>be you
>first bet, lose, walk home
chance of this happening? MORE than 50%.

If you don't understand what I've just shown you, then please, for your own sake, do not enter a casino ever again.

I don't like giving people advice OP, so I'll just share my experience and let you make you will out of it.

I started 2018 with 200k and thru gambling and a series of failed investments and have close to nothing now.

If I could take time back I could go into slower but more sure things so I'll never have to wagecuck again. Sure, a stock exchange, a shitcoin investment or a business would make slower gains but less risk of losing = less risk of wagecucking.

>>13301610
I get it, but I'm still going to do it.

>>13301615
I'll think about it, thank you.

>>13301339
Dude this guy has no idea about ev and variance lmao. Probably lacks the brainpower to even fathom the concept

>>13301439
Do you deal roulette anon? Then answer me this, is it true that an experienced dealer can consistently hit a strip of 10 adjacent numbers if he really wants?

just lmao @ this thread. op you are a fucking brainlet m8

>>13302473
Not a useful answer.

Update:

Good first day. Just got back from Casino. I'm up 1000.

>>13300955
its possible to win gambling, even long term

its not possible to win playing roulette long term, unless you run the federal reserve