Law of averages…fact or myth?

Viewing 14 posts - 16 through 29 (of 29 total)
  • Author
    Posts
  • #40969
    WestVirginaUSA WANTED $12
    Outlaw

    Well said!

    #41770
    WestVirginaUSA WANTED $12
    Outlaw

    So yea, just got a nice chunk back. got very lucky. law of averages yea

    #41784
    Green2711 WANTED $492
    Outlaw

    WestVirginaUSA wrote:

    So yea, just got a nice chunk back. got very lucky. law of averages yea

    Nice one, bud! Care to share what went down? 😀

    1
    1
    #41772
    bishman WANTED $79
    Outlaw

    My dad would always say, gambling is not a way to make money.  You are paying for entertainment, for the casino to entertain you.  If you win it is just a bonus.

    1
    1
    #42354
    Mr B WANTED $395
    Blocked

    Yup, the law of averages on it’s own is pretty solid. When you introduce factors that affect that, of course it changes by uncertain percentages, even down to zero.

    As mentioned, the standard coin flip is an example of the basic law of averages. 1,000 flips can have some minor leeway but then that could be 10%, no one can really call it. Of course, the more you flip, the more chance you have of ironing out the average. That is the basic pretty solid law of averages.

    House edge changes things. Other players winning changes things. Timing is relative. Slots are said to have 100,000(s) spins between full percentage cycle and that has been said for decades now. Genuine roulette wheels and card games have no end cycle. Slots and games are pre-determined in ever sense of the word so when you see “random” on a game…. call it bs, because that’s exactly what it is.

    So asking if in a casino the law of averages is fact or myth.. well it is somewhat fact, but a mess at best. As ever, relying on luck is as useless as it gets which is why people like Bandit rightly say “when you go to gamble, consider your spend amount gone before you play it”.

    To confuse things a little further, there are three sides to a story, similar to a coin. Not two. Shocking that very few people know this.

    1
    1
    #42348
    WestVirginaUSA WANTED $12
    Outlaw

    so yea, walked in with 40$ did some 50 cent spins on a few games got up to about 60$ played a few games was back down to 40$ started playing a game on 88 cents and yea got a bonus with a few bucks left went for 100$! did one more spin and bam! 200$ if i were max betting 3.75 would of went for 14 grand but i was on 88 cents.(would of been a max bet progressive hit). Yea talk about what might of been. Anyways threw 20 in the machine next to it 2 spins later ..bam! hit for 400$. Happy as shit at this point, buzzing my ass off. went and had a drink, played around with some small bets on the first machines I played, had another 100$ hit on a different machine. at this point time I finished my drink and walked home with 700$ in my pocket, payed some bills early and ate a prime rib dinner tonight. so yea just playing some red dead redemption and thinking about my new titleist irons, cant wait for this snow to melt.

    #42420
    1pstaker WANTED $25
    Outlaw

    I also feel that some people are just luckier than others. I was in the bingo hall one night, and the last game, a guy calls house. It was his first time playing, and unfortuantely he had called late so forfeited the win. 2 numbers later, he calls house again. Caller says, I told you mate, you were late with the call, guy says, no I filled another one!!! 2 full houses on one strip of 6!! Lucky bugger.  Some people go years and never get a house at bingo.

    1
    1
    #42441
    THAGABSTAR WANTED $105
    Outlaw

    Tbh if your going online to play or to a casino what ever you deposit or take with you consider its all gone before you even start as you have just bought some entertainment for 30mins or 30hrs depends on how long you make it last and when your fun has stopped what ever your left with at the end is a bonus thats how i tell people to look at it becasue alot of people think im taking this £500 and 100% leaving with 50k when in fact there leaving with nothing almost everytime

    1
    1
    #42464
    Green2711 WANTED $492
    Outlaw

    WestVirginaUSA wrote:

    so yea, walked in with 40$ did some 50 cent spins on a few games got up to about 60$ played a few games was back down to 40$ started playing a game on 88 cents and yea got a bonus with a few bucks left went for 100$! did one more spin and bam! 200$ if i were max betting 3.75 would of went for 14 grand but i was on 88 cents.(would of been a max bet progressive hit). Yea talk about what might of been. Anyways threw 20 in the machine next to it 2 spins later ..bam! hit for 400$. Happy as shit at this point, buzzing my ass off. went and had a drink, played around with some small bets on the first machines I played, had another 100$ hit on a different machine. at this point time I finished my drink and walked home with 700$ in my pocket, payed some bills early and ate a prime rib dinner tonight. so yea just playing some red dead redemption and thinking about my new titleist irons, cant wait for this snow to melt.

    Get the fudge in there! Congrats mate always nice  to have an upswing like that after being bent over by the casino for weeks. I bet those prime ribs went down well, courtesy of the casino. You planning another trip there soon? Careful not to give it all back!

    Some people are defintely luckier than others. I used to work in Shotton a few years back and a fella who worked down the road for Woolworths came in and got a scratch card and won £25,000 on it, got himself a new car and spunked the rest away gambling then a few weeks later he got a few more scratch cards from another shop and won another 25k, just amazing how lucky some people are. Then there was that story a few years back about a guy that won the jackpot on the national lottery and kept on playing afterwards and ended up winning it again, crazy luck to win it twice with those odds.

     

    1
    1
    #42498
    WestVirginaUSA WANTED $12
    Outlaw

    Thank ya green, yes the prime rib was delicious. Gonna try not to give it back, at lest not too soon anyways. Paid some bills early and gonna take small break for a week or so before going back. I gotta tell ya man, once I seen those big hit screens it hard not to spin the shit out of them slots hoping to see another. I’ve got an addictive personality anyways so wish me luck man. Appreciate the feed back man!

    #42499
    WestVirginaUSA WANTED $12
    Outlaw

    appreciate the feedback Mr. B.

    1
    #42505
    Stevie25 WANTED $254
    Outlaw

    WestVirginaUSA wrote:

    So yea, just got a nice chunk back. got very lucky. law of averages yea

    Nice to here brother ?…. Do you ever play the Buffalo Gold slot.. The one you collect 15 gold buffalo heads and it goes crazy…. I was hoping @TheBandit would do a session on this when he was last in Vegas baby ?

    1
    1
    #42625
    WestVirginaUSA WANTED $12
    Outlaw

    Appreciate the comment stevie. No, they don’t have that game at the casino Iv’e been playing at. They got one called buffalo rush, its a fierce factor game, crazy potential, and I think its the highest bet slot in the place 8$ max bet. Played it a bunch with no hits yet. Was thinking about devoting a sizible chunk to it and see what happens.

    #44433
    WestVirginaUSA WANTED $12
    Outlaw

    So yea just and update. Like I said earler had a good hit of 700$ and took a tiny break last week. Anyways, went back, same story had about 40$ in my pocket just going to have a little fun, and ya would ya believe it?

    Started on some small bet machines as usual just trying to build it up a bit, sticking around even for a bit, but I got a 100$ hit on one, yes! thank ya very much. So yea had a drink and carried on. Stuck around 100 for a while small hits and such, ya know. Went on one of my favorite games just seeing if i could get lucky, was on a 3.75 max bet and here it comes THE MEGA TEASE. “Come on baby!” I was shouting in the Casino. And bam it lands six freaking scatters for 48 free spins. I’m reeling at this point. “Holy shit”! I said. So the bonus starts. First spin…..BAM! retrigger for a grand total of 64 Free spins. On a max stake! I,m out the chair at this point. “Come on Baby be good!” I shouted.

    20 dead spins later I’ve set back down and at this point I’m thinking “Any danger”. So the spins carry on with no wins I’m starting to get a sinking feeling.

    Boom! Progressive hit! 150$ win,

    Next Spin Boom! Damn near full screen 100$ win,

    Next Spin, another full screen 200$ win

    Next Spin 100$ win

    Next Spin 200$ win

    Ended up being around 780$ total bonus! Happy days lol!

     

Viewing 14 posts - 16 through 29 (of 29 total)