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Old 09-17-2018, 01:51 AM   #201
rakemeplz
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Re: Baccarat

A whole lot of nonsense.
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Old 09-17-2018, 07:59 AM   #202
browni3141
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Re: Baccarat

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Originally Posted by asymbacguy View Post
Baccarat tables are populated by humans not by pc's that can tolerate huge swings without a blink.
Casinos will make a lot of additional money about the emotional and financial state of the players.
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.
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Old 09-18-2018, 05:07 PM   #203
asymbacguy
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Re: Baccarat

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Originally Posted by browni3141 View Post
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)

Do you like this quote?

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.
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Old 09-18-2018, 06:41 PM   #204
Didace
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Re: Baccarat

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Originally Posted by asymbacguy View Post
Mathematically you are partially right, statistically you are completely wrong.
This is an amazing sentence.
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Old 09-18-2018, 06:54 PM   #205
NewOldGuy
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Re: Baccarat

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Originally Posted by asymbacguy View Post
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.
You are just plain wrong on this. The fact that players can go broke means there could be more losers than winners. But the casino comes out the same whether all wagers come from a single player or from 1 million players. It doesn't matter who quits or when, or whether losers quit sooner. The casino will absolutely converge to the game EV. This is tautologically true on its face, with no further analysis even needed.

The game you refer to either did not have zero EV due to the payout structure, or the casino didnít really win more than variance.

Last edited by NewOldGuy; 09-18-2018 at 06:59 PM.
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Old 09-18-2018, 07:56 PM   #206
asymbacguy
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Re: Baccarat

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Originally Posted by NewOldGuy View Post
You are just plain wrong on this. The fact that players can go broke means there could be more losers than winners. But the casino comes out the same whether all wagers come from a single player or from 1 million players. It doesn't matter who quits or when, or whether losers quit sooner. The casino will absolutely converge to the game EV. This is tautologically true on its face, with no further analysis even needed.

The game you refer to either did not have zero EV due to the payout structure, or the casino didnít really win more than variance.
The payout structure was obviously the same as in a single zero wheel, anyway you are right.
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Old 09-18-2018, 07:58 PM   #207
asymbacguy
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Re: Baccarat

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Originally Posted by Didace View Post
This is an amazing sentence.
Finite vs infinite is another one.
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Old 09-18-2018, 11:22 PM   #208
NewOldGuy
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Re: Baccarat

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Originally Posted by asymbacguy View Post
The payout structure was obviously the same as in a single zero wheel, anyway you are right.
So after you argued so passionately that casinos can win ITLR at fair coin flip games (0 EV), now you accept that they can't?
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