Expected Value!

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hjuosh

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Is it possible to visit a casino and not lose money?
 
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hjuosh said:
No more what they lose!
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Well, the answer to your original question (Is it possible to visit a casino and not lose money?) is yes anyway.
 
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100% possible. Just order a water, hit the buffet, watch people lose their minds at the craps table, and leave with your wallet intact.
 
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The longer you play the less your chance of leaving a winner.
 
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Maybe it’s not really about losing, but rather setting aside a specific amount to play with, if you lose, that’s fine, it was already planned for. But there’s the fun aspect too, right?
 
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hjuosh said:
Is it possible to visit a casino and not lose money?
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hjuosh said:
Is it possible to visit a casino and not lose money?
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Once, a friend went into the casino with $50 and on her first game she won $20. She went to the front desk and cashed out the full $70 haha
 
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I think so. I would suggest playing roulette as a low-risk option. Of course, you need to create your own system of bets, where each subsequent bet covers the loss of the previous one. After that, you can bet on red or black, as well as on even or odd numbers, and on low or high numbers. 😉
 
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There must be people who are net winners in casino games that are minus EV due to very good luck and then not being overly profligate afterwards. I think I remember reading of a couple who won two lottery jackpots both worth over 1 Million quid.
 
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Yes, totally possible!

Just go there and watch the others playing instead of yourself doing it! 🤣
 
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Yes it's possiblem. If you go there many times you will have losing and also winning Sessions. In the long run you're almost guaranteed to lose though.
 
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Absolutely. You simply walk in, get lost in the beauty of the lights, have a complimentary drink if they offer, and walk right back out again. Profit. The challenge is going to be not getting drawn in by the "just one game" spiel on the way out. 🤣🤣
 
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EV is one of those concepts that really helps separate a good decision from a lucky result. Even when a hand doesn't work out, a positive-EV decision can still be the right play. Do you usually think about EV during your sessions, or mainly review it afterward?
 
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The only way to save money is to not risk it. If you come just to watch others play, I think you probably won't lose anything except your time.
 
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It's not impossible, not least because there are days when everything works out! Although these days are rare for those who like casinos.
 
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I don't think it's a problem at all. You can go with your friends and watch them play.
 
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Yes, you can leave a casino without losing money, but EV makes the long-term picture pretty clear. A winning session proves you can get lucky, but it doesn’t change the underlying house edged . 😅
 
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Sure, you have to be either a tax collector or license inspector
 
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