Gambling thread

[Bozza]

Question. On the online gambling sites, can you just double up your bid on red/black for roulette? Easy money that way.

That is called the Martingale System. It works fine as long as:

- The house has no max bet
- You have an almost infinite amount of money

Consecutive streaks of the same thing do happen and they happen a lot.

Consider if you had 10 reds in a row, but you were betting black and started with a £1 bet. By that 10th spin you'd be betting £512. That's £512 to get your initial £1 (and subsequent losses) back.

The record run is something like 30 spins of the same thing. Would you have the required £536,870,912 to make the wager on the 30th bet?

 

[Bozza]

I don't have a clue personally, It's what I've been told.

Once you get used to the machines in the bookies, you get a rough idea of where it's going to snide you out.

No, no you don't. But they want you to think that. Crack cocaine of gambling. Stop now.

 

[misterspatch]

That is called the Martingale System. It works fine as long as:

- The house has no max bet
- You have an almost infinite amount of money

Consecutive streaks of the same thing do happen and they happen a lot.

Consider if you had 10 reds in a row, but you were betting black and started with a £1 bet. By that 10th spin you'd be betting £512. That's £512 to get your initial £1 (and subsequent losses) back.

The record run is something like 30 spins of the same thing. Would you have the required £536,870,912 to make the wager on the 30th bet?

No, I would not have the £536 Million Pounds, but TB does Yeah, maybe not as reliable as I thought.

 

[Bozza]

No, I would not have the £536 Million Pounds, but TB does Yeah, maybe not as reliable as I thought.

Remember you will already be DOWN by £536,870,911 from your 29 losing spins before you splash down your half a billion quid.

I'm a (mostly) reformed gambler - I've played systems like this - it's great when it works, but it soon falls apart. I took to cutting out the nonsense and just walking into a casino and putting £1k on red or black. Short and sweet.

 

[Ernest]

Horrible things should be banned but this government wants to allow shops to have 20, disgusting

 

[Mackenzie]

I was in Corals (Caldicott) on Wednesday evening, a chap was putting a fortune in one of the FOBTs.....I sat on the machine next to him, played the same game as him and won the £500 jackpot almost straight away. What a bastard eh!

 

[keithbeaky]

Some great posts in here. You're a million to win long-term playing "virtual" casinos, you dont win long-term. As for the doubling up system, you've already had a perfect reply from Bozza. Im still not surprised that people dont fully understand what they are saying when it comes to gambling. No-one wins in betting shops, because if you do you get banned.

BUT if you look at it the other way and start with £1 and bet it on one football team a week at around Evens, would you have the balls to place the 15th bet?

 

[OSRGull]

I was in Corals (Caldicott) on Wednesday evening, a chap was putting a fortune in one of the FOBTs.....I sat on the machine next to him, played the same game as him and won the £500 jackpot almost straight away. What a bastard eh!

Reminds me from a couple of months back.

I was watching a guy play roulette, he had been on there for hours, was putting scores in every 5/10 minutes, he was going for the zero. He finally gave up, I looked at the machine and it had gone 149 times without the zero coming in. I thought I'd try my luck and on my second spin, I put a 10er on the zero and came out with 360

 

[mejonaNO12 aka riskit]

Reminds me from a couple of months back.

I was watching a guy play roulette, he had been on there for hours, was putting scores in every 5/10 minutes, he was going for the zero. He finally gave up, I looked at the machine and it had gone 149 times without the zero coming in. I thought I'd try my luck and on my second spin, I put a 10er on the zero and came out with 360

My god.

If you did that once a month you would make £3600 on top of your daily £60 from £2. You are REALLY good at this gambling malarky.

 

[Iggle Piggle]

FOBT will rob you blind. Ever wondered why more Betting shops are opening when most gambling is now done via the Internet or phones? It's because the run costs of a shop can be met by the crack machines as Bozza puts in. They also tend to concentrate on deprived areas, a classy touch. Nice to see the Government suggesting more are needed.

At best, they have a payout of 90% and at worst 70%. Put another way, you will lose 10-30% of whatever you put in over time although its worse than that if you think of the amount of losses you have to have in a row before you pay out a £500 jackpot. You are just kidding yourself if you think you make money out of them.

 

[Mackenzie]

FOBT will rob you blind. Every wondered why more Betting shops are opening when most gambling is now done via the Internet or phones? It's because the run costs of a shop can be met by the crack machines as Bozza puts in. They also tend to concentrate on deprived areas, a classy touch. Nice to see the Government suggesting more are needed.

At best, they have a payout of 90% and at worst 70%. Put another way, you will lose 10-30% of whatever you put in over time although its worse than that if you think of the amount of losses you have to have in a row before you pay out a £500 jackpot. You are just kidding yourself if you think you make money out of them.

Absolutely. They prey on the desperate and simple minded. The trick with those machines is not to play them!

 

[Ernest]

Some great posts in here. You're a million to win long-term playing "virtual" casinos, you dont win long-term. As for the doubling up system, you've already had a perfect reply from Bozza. Im still not surprised that people dont fully understand what they are saying when it comes to gambling. No-one wins in betting shops, because if you do you get banned.

BUT if you look at it the other way and start with £1 and bet it on one football team a week at around Evens, would you have the balls to place the 15th bet?

But who would take the 15th bet ?

 

[keithbeaky]

But who would take the 15th bet ?

Er every major bookmaker and most independents if they had a brain.

 

[Iggle Piggle]

Each FOBT makes £918 a WEEK for William Hill. That's £918 a week for feeding a machine with Electricity. Or Put another way almost 200K a year for plugging 4 machines in, in a betting shop (source below).

When going to work is far from a safe bet | Money | The Guardian

 

[Iggle Piggle]

and it even says on the front it will rob you before you put any money in.

 

[Seagulltonian]

Very sensible words again on a gambling thread on Northstandchat.

Another site to check out if you think your gambling is getting out of control G.R.A.S.P. - Gambling Reform & Society Perception

 

[Durlston]

There's going to be a programme on Channel Four, Monday evening at 8pm about the evil roulette machines in bookies and how they want more in shops to increase profits.

A few years ago I had a real problem with those machines. I would spunk all my weekly wages on them in a few minutes and it would leave me feeling absolutely crushed; some of the worst emotions I've ever experienced. I knew I needed help to stop playing them and it's been about seven years now since I was playing them everytime I was in a betting shop.

Nowadays I steer well clear and just bet on football, horses, darts and snooker (which I do ok on. Always try and find the value and love the challenge of making a few quid from the bookies).

Good luck to anyone trying to stop playing those crack machines. I can empathize with how those things can destroy lives.

 

[terryberry1]

I know pal, but apparently at the casino's they're weighed down.

I like you're threads. Always interesting. Keep up the good work

 

[binky]

I don't like them because I know if I was to go to a Casino I'd end up spending more money, In Ladbrokes I can put a couple of quid in and build it up to about 50/60 quid, works a treat

You need help. Seriously.
I used to know someone who was good at gambling.
Over the 6 or 7 years I worked with him, I estimate that he reported some 1.5 million of winnings to me.
Oddly enough, he still drove a crappy ten year old car, and never had enough in his wallet to buy a round of beers.

Go get some help.

 

[Jim Van Winkle]

I know pal, but apparently at the casino's they're weighed down.

As someone that use to work in casinos all over the world for 10 years this is not true. I don't think these guys in the UK would let that happen http://www.gamblingcommission.gov.uk/

It's 50/50 though well not quite because of the zero but yeah, wouldn't call it easy money mate.

Did you hear about the bloke in America who sold everything he and his family owned, including the house, cars, tv's etc and put it on roulette. He had a total of $500,000 once he had sold everything, went to the casino and wanted to put every bit of it on red, until the last second, He looked up at the dealer, noticed he had black hair and changed his mind and put all his money on black and it rolled in on a black Bizarre isn't it !

That was a publicity stunt, imagine how many suckers saw that and thought that could be me. A very small price to pay for a Vegas casino to get people through the door. It has obviously worked as you're still talking about it now. Now you're going to say "but it was live the TV told me so", don't be so naive.