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Question to anyone who gambles (Poker, Blackjack etc)

Discussion in 'BlackHat Lounge' started by EdgeMalone, Feb 2, 2015.

  1. EdgeMalone

    EdgeMalone Registered Member

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    I often accompany a friend of mine to the Casino and every time, he loses £50 (his limit) and leaves. It puzzles me because he just turns up and plays, throwing away his cash. You wouldn't fight Mayweather with no training, so why gamble with a casino?

    I know a lot of guys who are good and have played for years, winning a lot of money, but I want to ask you - if I was to spend the next two years playing games, apps, reading books, practising, which casino game is more skill than luck? Or at the very least, more skill than other casino games, so reading books and learning techniques mean more than just learning the rules but actual techniques.

    I've gone intensive learning in fitness, playing pool, film-making etc and I've been really happy with the results, I just don't want to invest tonnes into something which is 90% luck (obviously knowing some of it will be).

    Thanks.
     
  2. Xp3r7

    Xp3r7 Regular Member

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    Poker. Because you're playing against other players, not against the casino. Keep in mind that casino always win in the long run. That's why I would recommend you to start learning how to play poker properly. It will take you long time for sure but at some point you'll be profitable.

    Better thing you can do is just start learning how to make money online instead of card games.
     
  3. Apricot

    Apricot Administrator Staff Member

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    Poker I guess*, but if you're going to study something, why not just study SEO, linkbuilding or some way of making money online without so much risk. Or if you want to do something offline, so a business course.
    Depends on how you are as a person, but why go for something that isn't guaranteed and even against other people is partially luck based? I'd do the business route, but all up to you!




    *Always gamble responsibly.
     
  4. EdgeMalone

    EdgeMalone Registered Member

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    Fair answers, guys. I suppose I was just appealed by the big returns and success stories.

    SEO's definitely something I'm interested in but have zero idea where to start. Are there any particular good resources for it. like a particular ebook or tutorial series? I'm dealing with garbage if I just google and go with whatever.
     
  5. Apricot

    Apricot Administrator Staff Member

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  6. theplacebo99

    theplacebo99 Newbie

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    I get invited to the Horse Race track every month. I look at it as a nice experience/social event and not a viable means for earning money. The only ones who earn risk-free money gambling are the match fixers. It's better to study some money making methods which this forum is so abundant in providing.
     
  7. 1morenoob

    1morenoob BANNED BANNED

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    definitely poker
     
  8. ChanzGrande

    ChanzGrande Elite Member

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    Poker is the most enjoyable gambling experience in my opinion, but it's called gambling for a reason - most people lose. So yeah, go with something more practical where you know your time and your return on investment with negligible risk.

    But, if you like taking risks, and also like math, odds, probabilities, etc... Poker can be an incredible vehicle for making money. It's not gambling though if you're a pro.
     
  9. Rastis

    Rastis Newbie

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    only way to consistently win at gambling - become a gambling affiliate
     
  10. Happyrobot

    Happyrobot Newbie

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    Like most people said in thread already: Poker. I used to think Poker was based on luck, which still plays a big roll. But the most important thing is definitely the 'skill'. Watch 'Rounders' for some motivation. :cool:
     
  11. rapidace

    rapidace Regular Member

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    In terms of physic, when every particular element can be calculate, randomness are not at all randomness.
    But of course there are really rather exception which could rule the casino.

    My opinion for you is roulette, they have certain kinds of formula, which could helps you to win money steadily.
     
  12. Stablebox

    Stablebox Registered Member

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    As the rest have mentioned, poker is your best bet as you're playing against other players. Blackjack has the smallest house advantage of all of the other games if the casino has favorable rules (i.e. the standard 3:2 payout for a natural vs the increasingly popular 6:5 payout, dealer hits on soft 17, etc), and you play basic strategy. The house edge can be overcome, of course, if you count, or if you take advantage of (or try to cause) dealer mistakes in your favor, or any number of other strategies. Of course, there's always the risk of getting kicked out for doing any of these things...
     
  13. toml3030

    toml3030 Elite Member

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    I have done a bit of card counting in the past, but in most casinos now it's almost impossible to play with advantage for serious money (expected earnings of $25+/hr) because of casino counter measures.
     
    Last edited: Mar 18, 2015
  14. toml3030

    toml3030 Elite Member

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    In the long run, poker is skill. Usually no limit games break up because the good players end up with all the money and others run of of money to throw into games.
     
  15. Conor

    Conor Jr. VIP Jr. VIP

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    I have a friend who has won a lot playing blackjack, and it's not THAT hard to learn to count, from the limited experience I have in such things.

    The problem is, you will definitely need more than 50 bucks if you want to start making money from the game. I've seen this friend of mine go down a few thousand before he started making anything back. He left with a profit, but there were a few tense moments.

    Although it can get you a lot of money very quickly, there's still a huge risk, which is the reason I don't put my own money on the line :)
     
  16. driulis

    driulis Jr. VIP Jr. VIP

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    I played poker (hold em) professionally for 2 years online and it is definitely more skill than luck but I advice to look for other ways of earning money.

    Why? Because no matter how good you manage your bankroll, days when you lose $500-1k in a few hours while playing 9 man SNG $7-$12 tournaments occur far too often and it definitely changes how you interact with the world for the rest of the day. Even if you think that you don't care about that money, when you load up 20-40 tables at a time and lose in situations where you should win at least 80% of the time, your mindset is affected. Then you turn off poker client and being in a good mood is not so easy. The only way I see being completely neutral to what is happening is if you have enough spare money to live for at least 6 months without winning anything (I still doubt it). And I had 2x25k+ tournaments streaks where I was breaking-even while all coaches and programs showed minimum amount of mistakes and the EV (expected value) was 30k+ more than the actual earnings. You may understand how "fun" this can be when the salary is like $350 in my country :D . The EV line "always" catches the actual earnings if you play like 1 million tournaments and I simply did not want to wast time for that nonsense.

    The point is that you can have insanely bad luck for multiple thousands of games/tournaments and playing while you are loosing with AA agains AK (different colors) 4 times out of 5 while you have something like 97% chance (lazy to check :) ) of winning is just ridicilous. Poker is skill but the skill will be truly visible after like 150k SNG games (do not know much about ring games). I once found calculations that got these numbers but can't recall the website (it was like 5 years ago). Also, the games were increasing in difficulty drastically that time and the situation gotten worse as far as I know. If you want to easily make money from poker, you should use all sign up bonuses, get great rakeback deal and grind 10-15k games a month. Be prepared for 3 months streaks when you will not win anything. But after constantly playing at least 20 tables at a time I definitely suggest doing something better than playing poker - like learning Java or something :) .

    Just my experience and honest opinion :)
     
    Last edited: Mar 18, 2015
  17. toml3030

    toml3030 Elite Member

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    If you want to make money in poker, live games are way to go. Too many smart people all over the world grinding out even the 5/10 games online, and I suspect that a lot of online games are either infested with bots or is compromised in some way. Even better if you learn how to play Omaha/8 and have a local game. You can get lucky for a long time in hold'em, but imo O/8 is a game where the fish has no chance against a professional.