Quote:
Originally Posted by browni3141
The emotional state of the players will have no effect on the casino at all in a fair coin flip game. The casino will average no profit under any circumstance.
In a house edge game emotions can cause humans to bet more often and bigger, which causes them to lose more, but the house still won't make more money per dollar wagered.
Do I contradict myself? Very well then I contradict myself I am large, I contain multitudes (Walt Whitman)
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We were talking about bac players losses itlr and players losses do not collect in the air but in casinos' pockets.
Mathematically you are partially right, statistically you are completely wrong.
Maybe you do not know that several years ago a couple of european casinos offered no zero roulettes for long time.
At the end of the year those casinos earned a lot of money anyway, despite their EV being a fkng zero.
Therefore casinos will make money itlr even if their EV is zero.
The only way casinos or players are sure as hell to lose/win the expected (that is zero in a game having EV=0) itlr is when each single player adopts a kind of "random walk" strategy, that is betting always the same amount.
A situation that can never happen at baccarat since every player wants to win no matter what or to break even after a given losing session considering outcomes per each session played.
I guess I know more baccarat players than anybody else here and I can assure you that at the end of the year the vast majority of them are not losing 1% or so of the total money wagered.
Take this stupid example.
After 1024 BP resoilved hands played, on average we will encounter a ten winning streak and a ten losing streak.
To lose or win the expected we must get the same amount of money won or lost.
Fortunately for casinos almost every bac player will lose more on the 10 losing streak than what he was able to win on the same specular streak by percentages very far from 1%.
Anything different from that is just short term variance that bac players may manage (badly) when on the positive side and terribly bad on the negative end of the spectrum.
Of course this line of thought won't give the player any edge, just tools to possibly adhere at most to the expected (losing) values.
Finally, we are just laughing loud at the "a whole of lot nonsense" replier.
Poor guy. He simply doesn't know.