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2006-04-03, 20:12

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Casino

Mathematically, the probability is equal to one that gains will eventually equal losses and a gambler will return to his starting point; however, the expected number of times he has to play is infinite, and so is the expected amount of capital he will need! A similar argument shows that the popular doubling strategy (start with $1, if you lose, bet $2, then $4 etc., until you win) does not work; see St. Petersburg paradox. Situations like these are investigated in the mathematical theory of random walks. This and similar strategies either trade many small wins for a few huge losses (as in this case) or vice versa. With an infinite amount of working capital, one would come out ahead using this strategy; as it stands, one is better off betting a constant amount if only because it makes it easier to estimate how much one stands to lose in an hour or day of play. Interactive strategy tables for each possible card-distribution in the shoe can be generated using a JavaScript based blackjack calculator. And finally, MONEY!. Not the usual casino plastic chips - real money. In "real" casino you buy chips; in an online casino you would create a casino account and transfer funds into it. The fundamental difference however that in an online casino you know how much money you have at all times. The chips are only used for bets and the entire thing isn't as puzzling as it would be in a land casino. By the way, online casinos always provide you with an opportunity to play without any money at all - for free or with "fake" money just so that you get the feel of the game and understand the rules, maybe work out a strategy or build a preferrence. Moreover, the competition forces the online casinos to try and attract the customer in every possible way - and that includes sometimes unbelievable offers and bonuses. Imagine walking into a casino and getting free chips? It's real. The games are as good and the chances are even better. Where land casinos are tightly controlled by the authorities, online casinos are kept in check even tighter by an even better authority: the players and the laws of market. You can actually go to an online casino and win real money without going anywhere - without risking unwanted exposure and your money. Overall, Europa impressed me with the same style, elegance, and charisma of a top European land-based casino and I'm sure you'll agree. In conclusion, I love Europa. It's clear from the quality of the software that a lot of imagination and hard work has gone into Europa's creation - something that is sadly lacking in many other online casinos out there. When I first reviewed the ebook I knew very little about Blackjack, but having now played several thousand hands and conducted a bit more research via the Internet, I know a lot more. When I first reviewed the ebook I knew very little about Blackjack, but having now played several thousand hands and conducted a bit more research via the Internet, I know a lot more. [edit] The banker is not permitted to withdraw any part of his winnings, which go to increase the amount in the bank. Should he at any given moment, desire to retire, he says, "I pass the deal." In such case each of the other players, in rotation, has the option of taking it, but he must start the bank with the same amount at which it stood when the last banker retired. Should no one present care to risk that high a figure, the deal passes to the player next on the right hand of the retiring banker, who is in such case at liberty to start the bank with such amount as he thinks fit, the late banker now being regarded as last in order of rotation, though the respective priorities are not otherwise affected. Notice that the gambler's fallacy is quite different from the following path of reasoning (which comes to the opposite conclusion): the coin comes up heads more often than tails, so it is not a fair coin, so I will bet that the next toss will be heads also. This is not fallacious, though the first step - the argument from a finite number of observations to a statement of likelihood - is a very delicate matter, and is itself prone to fallacies of its own peculiar kind. When the probability of different events is not independent, the probability of future events can change based on the outcome of past events. An example of this is cards drawn without replacement. It's true that once a jack is removed from the deck, the next draw is less likely to be a jack and more likely to be of another rank. [edit] And finally, MONEY!. Not the usual casino plastic chips - real money. In "real" casino you buy chips; in an online casino you would create a casino account and transfer funds into it. The fundamental difference however that in an online casino you know how much money you have at all times. The chips are only used for bets and the entire thing isn't as puzzling as it would be in a land casino. By the way, online casinos always provide you with an opportunity to play without any money at all - for free or with "fake" money just so that you get the feel of the game and understand the rules, maybe work out a strategy or build a preferrence. Moreover, the competition forces the online casinos to try and attract the customer in every possible way - and that includes sometimes unbelievable offers and bonuses. Imagine walking into a casino and getting free chips? It's real. The games are as good and the chances are even better. Where land casinos are tightly controlled by the authorities, online casinos are kept in check even tighter by an even better authority: the players and the laws of market. You can actually go to an online casino and win real money without going anywhere - without risking unwanted exposure and your money.

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2006-04-03, 20:12