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The basic meaning of gambler's ruin is a gambler's loss of the last of his bank of gambling money and consequent inability to continue gambling. "Gambler's ruin" is also sometimes used to refer to a final large losing bet placed in the hopes of winning back all the gambler has lost during a gambling session. There are 100's of casinos on the Internet and some offer much better bonuses than others. More importantly some are less reputable and although they may offer good bonuses, you may have trouble getting paid out. The goal of each player is to beat the dealer, by having the higher, unbusted hand. Note that if the player busts, he loses, even if the dealer also busts, which is the source of the casino's advantage. If the player's and the dealer's hands have the same point value, this is known as a "push", and neither player nor dealer wins the hand. Safety and privacy. An online casino will not try to film you and whom you walked in with. You wouldn't be kicked out of the online casino if you don't observe the dress code (we don't have a dress code!), if you win too much (like they always do in the movies!) or if they simply don't like you. You can play games in an online casino while wearing boxers and flipflops. And you can do it with beer in your hand, a cigarette or whatever is it that you prefer to consume. The online casino doesn't care. No one has to know that you do it, and no one does. It's absolutely your business and not anyone else's. The online casinos know better than abusing your trust: they just don't get the opportunity to cheat you. Besides, all serious online casino businesses employ latest state of the art encryption technologies to protect the players' privacy. When entering an online casino, study their privacy statement! The hard core security technologies that online casinos employ are designed to protect the player because it is the player that is the most valuable asset of online casinos A casino generally has: Surrender: Forfeit half the bet and give up the hand. Surrender was common during the early- and mid-20th century, but is no longer offered at most casinos. A couple already has two daughters. What is the probability that the next child is a son? (Answer: 0.5) [if we assume the gender of a child is completely random, and that a male or female child is equally likely, either or both of which may be incorrect.] Online casinos are decent businesses because they work hard. And they do work hard. Whether he likes it or not, a man's character is stripped bare at the poker table; if the other players read him better than he does, he has only himself to blame. Unless he is both able and prepared to see himself as others do, flaws and all, he will be a loser in cards, as in life. - Anthony Holden (from Big Deal) By adopting the strategy outlined in the book you virtually eliminate the house advantage, allowing you to play out the wager requirements, without losing the free bonuses. The long-run expectation will not necessarily be the result experienced by any particular gambler. The gambler who plays for a finite period of time may finish with a net win, despite the house advantage, or may go broke much more quickly than the mathematical prediction.
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