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Hello.
My name is Carl and I'm currently writing a research paper on gambling, which would usually be easy enough because I can fairly easily roam through the Internet to find whatever I need to write a paper that's worth an A. More specifically, the paper is about the intervention of the government regarding pathological gambling. I'm not asking for help on the research paper - it's against the forum rules and I really don't need help for that.
However, this time around, I need to add a "project" which only has to be vaguely related to the topic at hand (basically, it's fine if it's only related to gambling in general). According to the teacher, the "project" is some sort of real life integration of the topic that could lead to a better understanding of it. Obviously, it has to be mostly coherent.
My main idea was to get an interview with a successful gambler. Please, if that is you, contact me, I really, really need your help!!! (PS: I'm not ready for the interview right now. The interview should take place in a couple of weeks.)
I'm worried about finding a person to interview, so I'm asking here because I know that we have many great poker players on TL. It would be pretty amazing if I managed to get some time with Rekrul, but that seems unlikely to say the least.
And because being worried about potentially being unable to find someone to interview was not enough of a problem, apparently it's not enough. I have to figure out another "project" to on top of the interview.
For many of you this may feel like child's play, but I don't really have the resources to accomplish something like this. Some people have a sea of contacts and choose a topic that's convenient to them, but I don't have anything like that.
I hope this doesn't come off as an homework help thread, it really isn't. But it is indeed an help thread. I would be extremely grateful if someone could put me in contact with successful gambler for an interview sometime in the next weeks.
Also, if anybody has an idea for a different "project" I could do, it would be a great start.
Thanks!
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liquidpoker.net, the sister site of TL if full of every type of gambler.
Lots of ex-bw and current sc2 players there, some big names as well.
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Korea (South)11597 Posts
gambling is a very broad concept, as theres a difference between a slots player, a bingo player, a poker player, and a sports better. I recommend focusing on one type. I did a pretty big paper and interviewed a bunch of poker players and focused the paper on that poker is not as the degenerate mob scenes of smoking fat cigars and chain smoking cigarettes in dim lit rooms. Google scholar has a bunch of research documents on the same thing
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How would speaking to a poker player enhance your essay about the govt intervention to stop degen gamblers?? I would think that speaking to someone would only be worthwhile if it was an admitted compulsive gambler or a recovering one. You can certainly argue that a poker pro would be compulsive, but why do something that has holes like that?
I propose this:
Get three dice and play silo games for $1 a pop in class. It will take roughly 90 seconds before every single person is hovering over the floor like savages, screaming and stuff, and you'll have clear as day evidence as to how captivating the act of gambling is, even when it's essentially for peanuts.
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Succesfull poker players are not gamblers nor degens
Not sure what u are arguing about, but if u ask at lp everyone will tell you government should GTFO and let people (aka fish) gamble freely (so we can take their money :d )
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On March 03 2011 05:55 GoTuNk! wrote:
Succesfull poker players are not gamblers
yes, much in the same way that weed is 100% healthy broski
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I have an interesting gambling story I'll share.
During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations.
I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino.
I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win 
I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from.
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the only successful gamblers i can think of are good poker players and some sports betters. those two activities are not based on dumb luck because they often make their bets when there is +ev so in the long run they will make money. example would be if we bet on a coin flip and i had better than a 1:1 payout, given an infinite bankroll i always take the bet. but then thats not exactly gambling its more like investing because you take a calculated risk which could result in a loss but you profit in the long term.
compare this to slots players who are generally older ppl who have their pension money to spend or degenerates trying to get the big win. or even roulette, the house has the advantage and ppl still play. why? because they are either trying to have fun or degenerates who think they can win back all their losses from one spin
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On March 03 2011 07:19 Kutsuki wrote:I have an interesting gambling story I'll share. During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations. I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino. I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from.
we have to talk :D me and my buddies do the same except we havent really found a strategy that works (except for watching the dealer spin the roulette wheel and then we place all our bets in the area we think he was aiming for which is usually where the smallest bets are)
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On March 03 2011 07:27 Stratos.FEAR wrote:Show nested quote +On March 03 2011 07:19 Kutsuki wrote:I have an interesting gambling story I'll share. During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations. I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino. I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from. we have to talk :D me and my buddies do the same except we havent really found a strategy that works (except for watching the dealer spin the roulette wheel and then we place all our bets in the area we think he was aiming for which is usually where the smallest bets are)
I personally think Poker is a skill based game. If you make solid plays based on +EV you will always come out on top over time. I have a successful friend who plays poker for a living, he graduated high school, moved out and bought his own house in California.
Roulette has a house advantage of about 5%. Unfortunately the best strategy for roulette is the most boring thing in the world. The best play is to bet 1 single inner number and hope it hits. It pays 32-1 so if you do lose after 32 times then that sucks. I'd try to stay away from that game or if you are playing for fun, don't spend more than 20 bucks on it.
I like to play Roulette with a bunch of friends, something I like to do is have 5 people pick a number, then bet 4 numbers close to it, for example, if someone chooses 17, then you would bet 16, 17, 19, 20. So in the end I should have 20 numbers covered by 5 bets. Then on which ever number it hit, the guy who called that number, gets to pick 5 new numbers now, and do the same thing but with his 5 numbers. If you win again gtfo 
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United States24772 Posts
On March 03 2011 07:19 Kutsuki wrote:I have an interesting gambling story I'll share. During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations. I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino. I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from.
There is one video-poker game in a casino near me that you can actually be at a net gain with proper strategy if you account for the complimentary in-casino credit they award you.
What suggestions do you have for craps btw? I just played on a cruise and here's what I did:
Always place 5 dollars on the pass line.
Always place a 10 dollar odds bet next. Also place a 5 dollar come bet.
Always place a 10 dollar odds bet (if applicable etc)
Continue so that I always have 2 bets with odds sitting on numbers and no more.
Is this is a good strategy in your opinion? I don't do any one-shot bets as I find they have worse odds.
BTW to the poster 2 posts above me I don't think they are aiming when spinning the roulette wheel lol
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On March 03 2011 07:34 Kutsuki wrote:Show nested quote +On March 03 2011 07:27 Stratos.FEAR wrote:On March 03 2011 07:19 Kutsuki wrote:I have an interesting gambling story I'll share. During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations. I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino. I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from. we have to talk :D me and my buddies do the same except we havent really found a strategy that works (except for watching the dealer spin the roulette wheel and then we place all our bets in the area we think he was aiming for which is usually where the smallest bets are) I personally think Poker is a skill based game. If you make solid plays based on +EV you will always come out on top over time. I have a successful friend who plays poker for a living, he graduated high school, moved out and bought his own house in California. Roulette has a house advantage of about 5%. Unfortunately the best strategy for roulette is the most boring thing in the world. The best play is to bet 1 single inner number and hope it hits. It pays 32-1 so if you do lose after 32 times then that sucks. I'd try to stay away from that game or if you are playing for fun, don't spend more than 20 bucks on it. I like to play Roulette with a bunch of friends, something I like to do is have 5 people pick a number, then bet 4 numbers close to it, for example, if someone chooses 17, then you would bet 16, 17, 19, 20. So in the end I should have 20 numbers covered by 5 bets. Then on which ever number it hit, the guy who called that number, gets to pick 5 new numbers now, and do the same thing but with his 5 numbers. If you win again gtfo
yeah we usually play just to chill, never intend to win but try to find the best ways to. havent played casino poker for a bit since minimum buy in is 100 and i dont have the bankroll to keep at it.
iirc craps had the best odds of all the casino table games right? whats your strategy for that when i play i just bet the pass line and 6 and 8 lol unless im running really good then i try other bets
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On March 03 2011 07:39 micronesia wrote:Show nested quote +On March 03 2011 07:19 Kutsuki wrote:I have an interesting gambling story I'll share. During my college days, I majored in Computer Science because I wanted to make video games. As I was turning 21, I saw the casinos as the "grown man's arcade" and I was very interested in topics about how to beat the casino. I did a lot of research by buying books, googling gambling strategies, and even as far as talking to others about their strategies. I would put my Computer Science degree to use and write my own simulations to see how these strategies did over time. This really helped since I didn't have to use my real money and I could really understand the game in real situations. I have covered many topics and strategies such as Blackjack card counting, Baccarat results based predictions, and many more. The short summary is, none of these strategies work. The best the odds a casino will generally give you is 49% you 51% them. There is no game in the casino that is 50/50 because there is a way to win 50/50s every time. What I did find useful was how to minimize your losses so you when you do win, you win big but when you lose, you won't lose as much, you also get to milk the complimentary dollars in the process. However over time, mathematically you will always lose your money back to the casino. I've been lucky and the research helped me save some money. I will say overall I am up by a lot counting all my casino visits. I was able to pay off all my student loans and have money upon graduation, and my friends and I still go because we still win I will be more than happy to share my favorite strategies for any casino game. My favorite table game is Craps and also the one where I have won the most of my money from. There is one video-poker game in a casino near me that you can actually be at a net gain with proper strategy if you account for the complimentary in-casino credit they award you. What suggestions do you have for craps btw? I just played on a cruise and here's what I did: Always place 5 dollars on the pass line. Always place a 10 dollar odds bet next. Also place a 5 dollar come bet. Always place a 10 dollar odds bet (if applicable etc) Continue so that I always have 2 bets with odds sitting on numbers and no more. Is this is a good strategy in your opinion? I don't do any one-shot bets as I find they have worse odds. BTW to the poster 2 posts above me I don't think they are aiming when spinning the roulette wheel lol
That is actually the best strategy for craps. You want to make a pass line bet, lay MAX odds. I must stress that you MUST lay MAX odds, the casino I play at, The Borgata, has max odds of 5x so that means my 5 dollar bets are backed with 25 dollars. I personally recommend always having a come bet as well to the point that all of your numbers are eventually covered. As you can see this starts to get expensive to play. The more odds you can lay, the better you do against the house advantage. wizardofodds.com has a good chart on this, at 5x it's 49.67 you, at 100x it's 49.98 but can you afford 100x?
Place betting is not as good as come bets. They pay a discounted rate instead of the full 6/5, 3/2, or 2x that you should be getting.
I gtg, I will answer more gambling questions tomorrow
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United States24772 Posts
On March 03 2011 07:47 Kutsuki wrote:
I personally recommend always having a come bet as well to the point that all of your numbers are eventually covered. As you can see this starts to get expensive to play. The more odds you can lay, the better you do against the house advantage.
In the long run is it actually better to have all the numbers covered? I don't see how you are reducing the house advantage that way.... each odds bet is only possible with a much less lucrative come bet...
And yea obviously you want to use the entire odds bet to pass line bet ratio but yes that's... expensive
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what do you mean by the max odds bet?
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On March 03 2011 07:51 micronesia wrote:Show nested quote +On March 03 2011 07:47 Kutsuki wrote:
I personally recommend always having a come bet as well to the point that all of your numbers are eventually covered. As you can see this starts to get expensive to play. The more odds you can lay, the better you do against the house advantage. In the long run is it actually better to have all the numbers covered? I don't see how you are reducing the house advantage that way.... each odds bet is only possible with a much less lucrative come bet... And yea obviously you want to use the entire odds bet to pass line bet ratio but yes that's... expensive
I worded that poorly. You are correct, laying odds is the only way to reduce the house edge which means for each number you want to lay the maximum odds you can. Increasing the number of "numbers" that you are covering will not lower the house edge but you will have a larger return ratio than not covering all the numbers.
For example, if I spent 200 and only covered 3 numbers vs spending 400 to cover all 6 numbers. My results were that your average and maximum peak gain were larger if you covered all the numbers. I'd have to dig up the simulations and run it again to give you some raw numbers. It was somewhere along the lines of: for 200 dollars, i would average 1k peak returns with 2.5k maximum peak but with 400 covering all the numbers I would average 2.5k peak returns with maximum peak of 5k or so.
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On March 03 2011 05:05 CaucasianAsian wrote:
gambling is a very broad concept, as theres a difference between a slots player, a bingo player, a poker player, and a sports better. I recommend focusing on one type.
The research paper is largely about the actions of the government, laws, etc. It's not so much about the individuals.
On March 03 2011 05:12 Hawk wrote:
How would speaking to a poker player enhance your essay about the govt intervention to stop degen gamblers?
As I mentioned, it can be related very loosely. The project can be about anything about gambling. I agree that the link with the research is very narrow and nearly inexistent, but it's good enough.
On March 03 2011 05:12 Hawk wrote:
Get three dice and play silo games for $1 a pop in class.
Great idea. I'll see if I can work with that.
On March 03 2011 07:19 Kutsuki wrote:
I have an interesting gambling story I'll share.
[...]
Thanks for sharing! I think it's very interesting that the human factor plays such a big role in a game like poker, though. Craps will definitely be something interesting to look into as well.
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Thanks to everyone for posting so far =D
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Still kind of looking if anyone can be of any help
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EPT
