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[TRADING PSYCHOLOGY] Nobody ever takes a trade thinking it's going to be a loser

I spent several hours this past week coaching traders at my prop firm. And something caught my attention…
Every single one of these traders needed help with the same thing.
It has to do with what I call the “reverse” gambler’s fallacy. And it’s something many traders struggle with.
Today, I’ll show you how to get this common obstacle under control… and start earning more consistent returns year after year…
What Most New Traders Get Wrong
The obstacle I’m talking about is trading psychology. It’s a very broad term used to describe the emotional side of trading.
Almost all new traders believe the most important part of trading is being able to analyze markets like a pro.
On the surface, this logic makes sense. After all, if you can reliably forecast which direction to take on a trade, the money should take care of itself… right?
What these novices don’t yet understand is that something special happens the moment you commit your money to a trade…
You start feeling things.
Whether it’s fear, excitement, anxiety, or a mix of all three, no one is immune to these emotions. And they can wreak havoc on even the best planned trades.
You may be able to call the direction, the timing, and the target price to perfection… But it can all be for nothing if you are unable to stick to your trade plan.
I can’t tell you how many times I’ve seen traders plan out a great trade… But then ended up somehow losing money, or not being in the market when the move they’d forecast played out.
So how do you beat your emotions to become a better, more consistent trader? It comes down to the three key parts of trading. Let me explain…
The Three-Legged Stool of Trading
I think of trading as a three-legged stool.
Your methodology/strategy for picking trades is the first leg. Your risk- and trade-management strategy is the second leg. And the third leg is your trading psychology.
In my experience, most traders focus on the first leg (strategy and methodology), and they neglect the other two legs. But the stool needs all three legs to stand on its own.
Over the years, I’ve honed my own proprietary method to develop well-rounded traders. Here’s what I’ve learned…
The first fundamental building block of a profitable trader is to establish a proven strategy/methodology you can use to identify good trades. In my experience, everything follows from this foundation.
How you manage your risk and your trades should be determined by the strategies you employ. Your trading psychology likewise will be influenced by your approach to risk and trade management.
I’ve seen other trading instructors assign arbitrary percentage values to the three legs of the trading stool. Usually these values are divided up like this: 30% to the level of importance on the analytical strategy, 30% to risk and trade management, and 40% to trading psychology.
But I don’t believe that any one leg is more important than the other. And yet I’ve found that, more often than not, traders neglect risk/trade management and psychology.
So how do you stop neglecting these two important areas to become a more well-rounded trader? That’s where our reverse gambler’s fallacy comes in…

Time to Ditch the Casino Mentality
There is one block that seems to stop traders from progressing to working on the other two legs.
That is, they don’t know how to flip the switch from thinking about their trades as individual trades in a vacuum… to thinking about them as a collection that relies on a statistical edge to net a profit.
Most traders run into this problem at some point in their careers. And if you’re frustrated with your trading right now, chances are you may be struggling with this, too.
It’s known as the casino mentality. And it’s the same mindset that amateur gamblers will take with them into Caesars Palace or the Bellagio.
It doesn’t matter if they’re seated at the blackjack table or standing over the roulette wheel. Most gamblers believe that the hand or spin they are about to play is the opportunity to hit a winner.
After all, if the roulette wheel has landed four black spins in a row, the next one surely must be red, right?
In reality, the chances of the roulette ball landing on black or red is even, at about 47.4% each. This means each spin is independent of the last.
This is also known as the gambler’s fallacy. What’s interesting is that I’ve observed a kind of reverse gambler’s fallacy from many traders…
This occurs when a trader, who does in fact have a statistically proven strategy, goes on a losing streak… And then instead of continuing to trust their strategy, they abandon it altogether.
How to Avoid the “Reverse” Gambler’s Fallacy
I saw this logical fallacy in effect this past week during one of my coaching calls.
The trader I was coaching had recently taken a technical setup that simply did not work. He was convinced he had done something wrong and wanted my help in improving his analysis.
But his analysis was great.
He didn’t do anything wrong in identifying the setup, which was textbook in nature. But the setup looked so good that, when it resulted in a loss, the trader was convinced that he was the problem… That he did something wrong.
The lesson I imparted to him, which I now want to pass on to you, is this very simple truth…
Nobody, and I mean nobody, ever takes a trade thinking it is going to be a loser. Every single trade you take will be because you thought it would make you money.
Despite this feeling of confidence, out of 100 trades, you’d be lucky to win 50% of them.
That’s why a great trader is not defined by what percentage of their trades end up as winners or losers. A great trader is defined by whether or not they are net profitable after taking 100 trades.
If you win roughly as many trades as you lose, but your winners make you 2x or 3x the amount of money you give back on your losers, you will end up with a nice profit at the end of the year.
Remember, nobody ever takes a trade thinking it is not going to work out. This is why it is absolutely crucial to abandon the idea of thinking about your trades as individual trades.
Instead, start taking a more data-driven, statistical approach to your trading. What do I mean by that?
Keeping a longer-term perspective on your trading is the key to longevity in this business. What your numbers look like over the next 100, 200, or 300 trades is far more relevant and important than losing your cool because you lost a handful of trades in a row.
Of course, to be able to make it to 300 trades, you must have a rock-solid risk management plan in place.
I don’t see gamblers at the casino take a professional approach very often. It’s rare to see someone bet small and stick to the odds on every play. It’s far more common for gamblers to be all over the place with the size of their bets.
They may start off betting small, but after winning a couple of hands of blackjack, they get overconfident and take an outsized bet. Sure enough, on that next hand they go bust while the house just happens to hit blackjack.
This is how casinos make money from gamblers. And it’s how the market parts amateur traders from their capital.
No doubt, it takes a lot of hard work and discipline to make the transition from amateur to professional. But, I promise you, the rewards make it all worthwhile. Until next time.
Regards,
submitted by ParallaxFX to Forex [link] [comments]

Las Vegas Vacations - The Best Las Vegas Hotels

Las Vegas Vacations - The Best Las Vegas Hotels

Las Vegas Vacations - The Best Las Vegas Hotels
It's a fact that Las Vegas gets a lot of people coming to enjoy the magic of this place. They all have different intentions: some have money in mind; There's some fame, and the rest just want a good vacation. Las Vegas offers many possibilities that it is difficult not to enjoy yourself until the end! Judging by the varieties even Las Vegas residents offer, not every inch of this amazing place may be experienced. Therefore, when you plan your trip to Las Vegas, do your homework and know which place offers the best accommodation.
Las Vegas hotels have many tourist attractions and spectacular shows tempting to come to millions of guests and visit this charming place every year. Here is a preview of what to expect from the best hotels in Las Vegas.
Mandalay Bass Las Vegas Hotel
Mandalay Bay Hotel is located in some of Las Vegas' best-known hotels. In addition to the luxurious rooms offered by the hotel, this hotel features a casino for guests. Even the food is popular to be the best in the city and the hotel consists of five restaurants in 10. Facilitated by a swimming pool, this hotel also offers a twenty-four-hour buffet. Another plus point for this hotel is that the service is so incredible!
Hotel in Las Vegas, Paris
Located in a dull area, the Paris hotel is a bright, bright rainbow that shows Paris in style. With so many awards for the open service it offers, it's hard to understand the downside to this hotel. This finger offers game facilities with delicious food and in return wants some money inside the hotel. Night shows at this hotel brighten up your nights and in addition; Twenty-fouseven hotel room service is available.
MGM Grand Las Vegas Hotel
MGM Grand Hotel has been set up in some way to leave you looking, opened on the sites it offers your mouth! Offering lions live, this hotel has more than 100,000 square feet of casino playgrounds. The rooms shown by this hotel know what MGM Grand Hotel customers want and how to give. The shows offer delicious food, let alone to ask for more and the hotel even does not plan to leave in the first place.
Bellagio Las Vegas Hotel
Bellagio hotel is not a cheap hotel to live in and nor is it cheap gambling to play. Often remembered for the fountains located directly inside the hotel, the beauty it offers keeps every view. Everything about this hotel speaks of luxury and luxury. Even the food is expensive but everything they offer is worth every penny you pay, including the whale show at the hotel. If you can afford to stay at this hotel or play, they can't promise anything less than the best.
Hotel in Venice Las Vegas
Italian hotel themed rooms also offer an Italian interior decorated with Italian art. The Sistine Chapel being painted on the ceilings, when put together in front of you, is a treat for the eyes. Bringing her a full Italian touch, they have the Gondola available inside the mall, which allows them to ride, all the time they sing the gondola.
Monte Carlo Las Vegas Hotel
Monte Carlo Hotel is popular as the best family hotel in Las Vegas. Accommodation is very good and comes at a cheap price, gambling is also affordable at this hotel. There's even a place to gamble in the same room when your family has their own privacy.
Las Vegas offers these top six Hotels in the service of tourists. While they are expensive, they provide every opportunity to make as much money as possible. If you want to have the best of what Las Vegas has to offer, residency is recommended at any of the hotels.
submitted by Babyelijah to u/Babyelijah [link] [comments]

The Degen Chronicles: A Renaissance

With 42 crisp hundreds lining my pocket and child-like wonder pulsating, Vegas was summoning me from the bowels of hell. But first, I had to take a little detour by Morongo Casino for no particular reason other than recently reading up about Jackson's Seminole Wars and Cherokee policy; felt like the right thing to do.
I smoke a few bowls from my apple piece and do some Tai Chi in the parking structure to immerse into the zone. Within the zone, I am as objective as a poker player as I can comprehend; once the zone crumbles to ego, I am a PLO donk from the pit of eternal suffering and going all in on long shot stock options. It's a perplexing duality to rationalize and live with, though I wouldn't have it any other way. I lost a wee bit under 10k two weeks before with said degeneracy; regardless, there I was harnessing my Chi in the parking structure to redeem myself - maybe I should have been volunteering at a soup kitchen or raising malnourished kittens instead of this self centered quest, but the journey had already commenced..
The only game with an open seat is a 5/10 and I sit down with $666 for my own amusement. The villain of this hand had accidentally revealed his cards to my peaking eyes a few hands before where he floated 2x and bombed a paired board with nothing against a nit. Having known this, I flatted his 3b to 105 with my QQ's because his range is too wide to rip it and checked to him when the board came T95 rainbow, surprisingly he checks back. Turn is a 4 (bringing in clubs) and I lead for 60 to hopefully induce - he flats. River is an offsuit Ace and I check it, he insta rips all in for 550 effective. I ruminate on quantum theory and my mother's abuse, then make the crying call only due to the fact that I saw his donkalicous play before. Sure enough, he flops over 57h and the trip is off to a BANG. After playing tight for another hour and as the table slowly began to break, I walk out with nearly a grand more to my name.
I sat in my Volvo wagon with an American spirit fading to my finger tips and Bach's E Major Partita emitting from mere mm's of my phone's speakers, I realized I had completed the most objective objective of this trip.. The only reason I set off was because my cello "broke" the day before and the degen tingles were too convincing without a bow in hand, now I had more than enough in profit to get my baby tuned up. But who the fuck has the time to act upon their conscience, I'm tryin to GAMBOL! "Vegas, here I come darlin."
I stopped in Barstow to force myself to vomit and then gently placed a tab of LSD under my tongue in ode to Dr. Gonzo. I tried deciphering some meaning in the vast array of stars as I wandered the barren Mojave and after coming up short, I was back to flooring it on the 15. My optics were melting a tad and the road did permeate with my breath, but not an ounce of fear radiated within. I sang my favorite songs from "O Brother Where Art Thou" and didn't think about my ex at all with "You Are My Sunshine," baby steps. With the dusk hue fading as rays of light mustered over the horizon, our beloved capitalist wasteland was within eye shot. Before I could render the inclination of a responsible thought, I was in the Bellagio parking lot smoking weed with some drunk broad beggin for a few bucks to throw on slots - "Ganja is the only charity I provide hon."
After a few orbits at 5/10 with a far too many regs that I recognized and getting a walk with Aces, I stand up right there n then and get the hell out of that nit fest. My soul was aching for 4 cards and there's no forsaking such a ravenous urge, Aria was my destiny.
Due to the fact that live 1/2/5 PLO is actually abbreviated for BINGO, most of my play was incredibly standard and not worth typing out. There was only one hand for which wasn't a cognitive snap decision against a 10/20 pro for whom I had top set and let 3 potential straight combos get there from foolish slow play; after a minute of deciphering the hand and his perception of my image, I called his $400 river bet and got the good news. Aside from that single hand, any domesticated chimp could have been in my seat and it wouldn't have made a difference; the hands played themselves out. After 72 hours of continuous grinding and gettin lucky at 5/5/10, I reached the sacred $4,200 in profit and doubled my trip's first stop loss amount (which I had no intention of adhering to).
With 84 mildly crumpled hundreds in my pocket and that same child-like wonder pulsating; here I am wandering the strip looking for the stories in all these confused faces. But conceptualizing the seemingly infinite dimensionality within even the simplest of folk is futile when I am just as confused; I hope the find what they are looking for or find that the looking is the fun part, who the fuck knows. I appears as though the next leg of my journey is to visit my childhood home in southern Utah and commit Felony arson in spite of my mother - or I might just keep degening away. Only time will tell.

Safe travels comrades.
submitted by lucyfordzunshine to poker [link] [comments]

Joker Scheme Slot Machine - Great Fun For Novices

If you are looking for a new casino gaming system that offers exciting casino games, then you should consider the Machine at the Bellagio. Jokers is also the name of the slot game in the slot games world, where a slot player can use a single coin while playing a different number of "panic" or non-stroked coins. The objective is to identify which number has the highest rate of payouts when it is their turn to play. A winning Jokers Joke requires players to know how to identify the best Jokers that are in the Machine in a live casino.
Jokers Machine at the Bellagio - This Machine at the Bellagio features a new game that is not yet available in any other casinos. Jokers Machine at the Bellagio is a spin-based machine with a ninety-two foot long machine. This casino gaming system is part of the Jokers Club, a group of machines operated by professional gamblers. Jokers Machine in the Bellagio is a high-roller's paradise located right in front of the main entrance to the casino. One can even sit and play at one of the many tables directly attributed to Jokers Machines in the Bellagio. There is three Jokers Machines in each of the four main entrances, totaling to sixteen total Jokers Machines located in the Bellagio.
Winning Jokers at the Bellagio - This is just one of the major sites that offer online gambling, which includes slot games. Most online casinos that feature joker slots offer this slot game free to all visitors, as it is considered a free online slot games. While free slots and promotions are becoming more common on casino websites, there are still those who opt to play at live gaming venues. This means that they have to find a way to get to a casino site and play a slot game.
To increase the comfort level for its customers, joker123 slot machines offer free spins with progressive payback offers. With progressive payback, you get to earn more credits after you bet. You can earn up to two hundred and twenty-nine credits for a regular bet or one hundred and ninety credits for a double bet. After you win, you get a bonus amount that depends on the payout offer of the site. Some of these free spins come along with free bets.
The joker slot game is not only for people with zero knowledge on how to play the slot games. In fact, this game has been modified so that even complete novices can enjoy its benefits. Joker Slots adds a lot of excitement to the slot gambling experience and if you are just starting to play in the land-based casinos, you should try joker games as it offers all the benefits of playing slot games but at an affordable price.
There is no doubt that playing in the land-based casinos can offer great fun. But there are times when you would want to experience something different. This is the time that you should visit the online casino gambling sites. These sites offer a lot of benefits to players and if you are new to the game, you should try joker123 slot machines.
submitted by kehov to Joker1230Slot [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.

Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.

Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.

Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.

Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.

Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.

6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.

5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.

4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.

3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules: https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.

Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.

2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.

But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1

Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.

The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.

But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato

1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.

2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.

And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.

Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by enderpiet to gtaonline [link] [comments]

What to consider earlier than playing on line casino poker

those don't have any concept what they are approximately to walk into. Down right here to have a great time, they discern 'why not supply poker a try?' in any case, how special can it be from the house sport they have played their whole lives?"
메이저 토토사이트
For most people, our first poker enjoy was nowhere near a casino. Both we learned from friends or own family contributors in domestic games, or we plugged into the online poker craze. Nonetheless, the idea of playing poker in an real brick and mortar (b&m) on line casino, with all of the attendant points of interest and sounds, is very tempting for most. So what do you need to recognize while moving your home or on line abilties to casino play? There are numerous differences among on line and b&m play, but two factors you can without delay want to take into account are tells and casino kind.
1. Tells
The principle issue the general public have when shifting from online to b&m play regards tells. A tell is a physical movement a player plays which can supply combatants a clue to his hand, inclusive of placing a hand to the face while bluffing.
On line, on account that your fighters can not see you, bodily tells are not really problem (there are online tells, however that is past the scope of this newsletter). In reality, one famous poker room has an advertising campaign where they invite those gamers who've a "bad poker face" to sign up for, for the reason that nobody can see your face on-line. Inside the film "rounders," quoted at the start of this newsletter, the villain is undone by using the way wherein he handles an oreo cookie depending on whether or now not he has a huge hand.
In fact, tells are not often this extreme. Maximum of the time when you play in a casino, in particular a "tourist" on line casino (see following), your warring parties are a whole lot more worried with what they're conserving than what you are.
Even when an opponent scrutinizes you, staring you down at the same time as thinking of a call, they are commonly simply considering how lots they like their own hand. Actual inform-spotting calls for long, cautious remark of a player's inclinations; you are now not possibly to give a great deal away on an man or woman hand.
Experts like to present the affect that they can just appearance right into your soul and recognise what you are retaining, however there may be loads extra to it than that. If you're really concerned you could buy a pair of reflective sunglasses to put on so no person can see your eyes. You can additionally usually wait a predetermined quantity of time (5 or ten seconds) earlier than acting whether your hand is powerful or now not so robust and choose a predetermined spot on the desk to stare at even as looking forward to a person to respond for your action.
2. Kinds of online casino
All casinos are not created same. Ten years in the past, before the explosion in poker popularity, maximum casinos did no longer have a poker room at all, or at pleasant, a small phase of the blackjack floor partitioned away in which or 3 $1 to $2 restriction games would possibly take location.
Manifestly, matters are one of a kind now, however there are nonetheless incredibly unique forms of casinos wherein one may play poker. The first is a card membership. Those are maximum normally observed in locations like california, wherein poker as a recreation of talent is legal, but a few other playing games aren't. Even though they have multiplied to different video games, those clubs are on the whole designed to play poker.
As such, you are probably to locate the most skilled poker gamers right here, despite the fact that no longer necessarily the most powerful and they have their share of vacationers as nicely. The more not unusual sort of casino is a las vegas style casino. These casinos have made fortunes on blackjack, slot machines and roulette and did no longer certainly awareness on poker inside the beyond as it is not a big cash maker for the on line casino.
In contrast to the alternative video games, that are towards the residence (the on line casino) and are based in order that the residence usually wins in the long run, poker is a recreation wherein the on line casino handiest makes cash through taking a percentage of every pot (referred to as "the rake," normally no more than $four a pot) for themselves. Despite the fact that now rare, some casinos take "time" rather than a rake, which means every 1/2 hour a representative of the casino comes round and collects a predetermined amount of money from every player in the game.
Of those las vegas style casinos, you may find what i consider as poker casinos vs. Tourist casinos. A poker casino is one that has constantly had poker as a part of its draw. Those consist of the bellagio and the mirage in las vegas and the taj mahal and borgata in atlantic town. A tourist casino is one of the aforementioned casinos that did now not have poker in any respect until the recent increase made it worthwhile as a draw to get gamers into their casino. Of path each of those kinds of casinos cater to travelers, but the poker casinos are where you are much more likely to locate specialists. Which of those types is extra for your taste is for the person to determine.
The maximum important issue to bear in mind is that whether it's online or inside the casino, poker is poker. Play a clever recreation and you have to rake within the chips, whether or not they're digital or product of clay.
submitted by mibrar6704 to u/mibrar6704 [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

This is not mine, the creator of this is u/enderpiet

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.
Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.
Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.
Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.
Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.
Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.
6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.
5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.
4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.
3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules:https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.
Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.
2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.
But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1
Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.
The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.
But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato
1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.
2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.
And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.
Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by sircore to gtaonline [link] [comments]

Rise and Fall Part 9

Part 8 (has access to parts 1-7 in it)
For some reason it would not post the last day or so.
It is early 2017. I have been carrying on my usual playing 10-20 hours a week to survive. Still lethargic is best term I suppose. I just dont get excited to play anymore. I consider getting a job to remind me how shitty working is so it gives me a kick in the teeth to play poker. Then it dawns on me, I hate playing poker now.
Poker has been tainted. Everything bad that happened to me I can associate with poker. The rise and fall was poker (the fall part). The oxycontin started as a performance enhancer to log more hours. Everything I consider to be wrong in my life I trace back to poker essentially, even if just a butterfly affect reason that had I done something else I wouldnt be here.
Hating poker is not the greatest realization considering its my only means to income outside of grunt labor. I seek a job in a couple places to no avail which was fine, I didnt wanna do that either.
Several months earlier I had started playing on SWC (bitcoin site) and became familiarized with bitcoin. Thought nothing of it, it was just the currency I was winning or losing. I dont read a thing about it, I learn nothing of it. I wasnt playing a ton or even big stakes, my intention for playing online was to just stay sharp in case it ever comes back full fledge. I have 5-6 btc on this site at the most (2-3k) and I flush it playing plo and big o not thinking much of it.
Back to 2017. Its March/April~ of 2017. I am playing cards one night dicking around probably had a couple drinks and was needling the usuals etc. A guy I do not know is in the game. Looks Russian. I bet he interfered in our election... fucking commies. I dont remember how I got to talking to him but crypto had been brought up. I talk about SWC. Tell him I had a few btc but not anymore. The only other thing I remember well from the conversation was bitching about going from an iphone4 (yes I had an iphone4 from 2010-17, the same one. It barely worked. Many oxycontins snorted off the back of that phone, texts dating back to when I got it in 2010) to the 6 or 7 or wtfever I have now, which is bigger and its harder to text and drive. He just responds by saying “first world problems are the worst”. Amen brother, those Africans and Venezuelans have no clue of our struggle.
I end up talking to him a bit and it turns out he mines crypto. Has a website that sells mining equipment. He has a hell of a back story too. I tell him I am interested in mining. I have about 20k to my name at this time and I realized recently that I dont like playing poker so why not? He eventually tells me not to do it. Regardless we become friends and he is ultimately the most important friend I have ever made. I have made more positive strides mentally since meeting him (mostly work ethic, realizations, reality checks and aspirations) As silly as it sounds, when he told me “first world problems are the worst” it stuck with me. He was saying it as a joke but jokes are funniest when true. He is genuinely the smartest guy I have ever associated with also. If you run into him at a poker table youd think he was a high functioning autist. Then you talk to him and go “ohhh hes just one of those Einstein type geniuses”. His hair is usually a mess, he cuts his own hair for or has his girlfriend do it. He wears cheap clothing usually since it all covers your ass or nipples I suppose. He virtually never instigates conversation with people he doesnt know. He is really deliberate with his actions. Talks really calmly and knows exactly what he is saying. He is just on the same level at all times it seems.
Meeting him has definitely changed my life for the better. We become friends pretty quickly. I know I went on a downer after meeting him because I couldnt afford to buy mining stuff and remember wanting to (again, he told me not to do it eventually anyways).
Which will lead me to another good friend to have. Between 2015 and this point in 2017 I have shot myself in the foot not logging hours a couple times. A friend has bailed me out with a loan or short term stake a few times. He is a well off restaurant owner who loves poker more than just about anything not related to him. Every time I see him we talk about hands he played and he just eats it up, has photographic memory and never butchers a hand history which is nice. He is as good hearted of a guy as I have ever met. (Sorry if this is getting long winded giving praise to people close to me, I intend on sharing with a few people and would like them to know what they mean to me as corny as that is because I suck at doing it in real life. Plus it is kinda gay to get mushy sounding in real life, but I digress. Theyve heard virtually none of the content of this whole thread either, a ton of this stuff I have never shared) In fact he is too kind hearted. He has helped people who wouldnt piss on him if he was on fire, and people have burned him on many occasions. My only complaint about this person is he never kicked my ass and told me to log more hours or fuck off. I needed it. If I just logged hours I wouldnt need the help. Its as simple as that. I have no leaks other than the unwillingness to play (leaks as in drugs/pit games/strippers/wtf ever else) and it has hindered me immensely over the these last couple years. (Ok I do have one embarrassing leak that has been fixed for a year and change, mobile games... I have spent like 30,000$ on mobile games between late 2016 and late 2018, Lords Mobile specifically clocked me for 20k. This definitely hindered my ability to build a roll and got me into a few jams. When youre not logging hours playing youre sitting around gaming and these games arent cheap obviously)
It is around May now and my friend who messes with crypto tells me that Bitcoin is going to 10,000$. Its like 800$ at the time iirc. I own a couple from Ignition cashouts. I kind of trust him. I cant argue him on it as I have literally no mental fortitude on the subject, but I essentially shrug it off. I start watching the price on poloniex and am watching prices jump like crazy. Light bulb in head! I can buy the dips sell the peaks and have more BTC! Lets load the 2.5btc I have onto poloniex! Sell peak but it keeps climbing... “FUCK! gotta get it back before it goes to 10k! Whew. Still have 2.45 BTC. FUCK! Its dropping! Get it out before it goes to zero!”
Yea I turned that 2.5 BTC into .4 BTC. No joke. I think I ended up throwing it onto SWC and losing it once it was almost gone. I honestly forget. I had nothing when it finally hit 20k other than some shit alts worth about 800$ at most (worth 35$ now but they still reside in my locked poloniex account, maybe I will give poloniex my ID if they ever become worth more than 1k)
So I am now annoyed I didnt turn every free dollar I had into BTC. I didnt trust the guy enough and to be fair I would have been using the money I play with. Had I met the guy a year earlier (know what I know of him now) I would probably have just locked it all up and sat around waiting.
I never really get my act together in 2017. I continuously log just enough hours to get by. I just dont care. I just want a way out of this. I catch myself saying “I hate playing poker” and sometime around the end of 17 or early 2018 I start trying to censor myself and quit saying that. Saying it will only make it fester deeper. I have to retrain myself to love poker. I remember the days of playing 18-24 hours straight because I love playing. I love watching for everything I can find to get an edge. I love a situation to present itself where I can step out of line. But now I just sit down and count the minutes before I can tell myself “way to go! You put in an 8 hour shift lets pack it in!” I leave good games often times. I celebrate when games break. This is where I am mentally while I play. I cant break out of it.
Late in 2017 a close friend of mine passes away. Will call him J. He was the guy who gave me a place to stay after the shutdown in Joplin. I was still doing oxy and he never once touched the stuff knowing what has happened to me. He doesnt judge me, he is somewhat of an enabler I suppose. He just drinks does shitty coke sometimes and has a script of adderol and xanax. Literally never once does he do any with me (ive warned him xanax and opiates will kill you if you mix, which is likely part of the reason he never did it) He was a marginal poker player (relative to modern game, he was just good enough to beat the rake live but he had too many pit leaks) and took great pride in being my friend (I was the slayer in the area for years leading up to this, anyone considered the best in their area can relate, you just have the respect of the local poker community). One of my earlier live poker memories involved him. I am like 18 or 19 playing a 1-2 game at a small casino and he was there with a friend. They were the good players in the game at the time. They were having a few drinks eating nice food and laughing having a good time. I remember thinking that I want this lifestyle. Care free gambling fast paced lifestyle. I had told him this story years later and he just ate it up, constantly tried to get me to rebound, but as I have stated many many times in the last few of these I have basically waved my white flag and accepted the result of my fall.
Anyhow after living with him we always talk every few months at minimal and have something to eat when we see each other at the casino. He was somewhat disingenuous sounding he was so nice and honestly it got to a point it started rubbing me the wrong way. I still talk to him of course but less frequently. In December of 2017 I get a phone call from my friend who owns the restaurant and he is distraught. He has been at the hospital and J has passed away. The back story on this is he had gotten a phone call from old friend who was getting out of prison in Arizona with no where to go (a female). J being as nice a guy as he is drives the 20+ hours to get her and gives her a place to stay. Well shes a junky and actually convinces J to do opiates/heroin. He overdoses and dies. I hadnt talked to him in a few months. I regret it. Had I known I would have beaten him senseless and got him to quit before things actually get bad.
Going to his funeral hit me up side the head too. The way I started feeling he was disingenuous just got destroyed. I cant fathom as many people showing up to my funeral with as nice of things to say. I wrote something to say but opt out after a few people say everything I had written (except better). I regret not saying them anyways. I think I still have what I wrote tucked away with the card and his money clip that made its way to me. I stumbled across his casino players card in a box one day and it resides in my wallet ever since. This was the first close friend that has passed away in my life, knock on wood. It woke me up a bit and caused a lot of self reflection because I felt I had let him down. I lived a few miles from him and didnt drop in to see him, didnt stay in contact as well as I should have. All because I felt he was disingenuously nice when he was actually just nice, which is actually because I am a cynical hermit who hates social life these days. That was the real reason I didnt stay closer. Him being too nice was just my excuse to blow him off essentially.
Only other thing I can add is that chick he helped out didnt even go to his funeral and on top of that had tried to take his truck and clean his house out. Junkies are the worst. I was a junky but I proudly say I never robbed anyone or cost anyone anything other than emotional distress, which isnt much of a brag obviously.
2018 starts and I have been decreasing my methadone every week for about 3-4 months now. I am on a low dose. Makes sleeping at night hard (get restless legs and sneezy). So I am having a few drinks any time I am at the casino playing (still just two days a week for the most part) to help get through those late night sessions when its worn off and I feel crummy. I get down to 15mg then 10mg and in March of 2018 I get asked if I wanna work for a week with my crypto friend. His friend is setting up a farm with 500 miners and needs help. I agree. The pay is in excess of the work (in my opinion) at 3k and I have no expenses, but I dont argue obviously. Before we leave town I have to pick up my week of methadone (at 4mg now) and so I do that. I never take any of them, I have the box still. Never opened it. They remain at my apartment as a reminder, the box carrying the 6 doses and a stack of receipts for every 75$ week that I kept in the box, several years worth, at least 9-10k worth of receipts, and that shits CHEAP compared to oxy. So I am finally off of opiates. I take kratom still but its essentially non addictive in comparison. Ill cede that I am reliant on kratom but if it disappeared tomorrow I wouldnt panic, I would be fine.
So I fly to Denver with my friend and meet his friends half brother who was instructed to rent a box truck and the three of us were to drive from Denver to Washington carrying like half a million dollars worth of hardware. Its early March, the roads arent exactly great. Half brother of his friend rents a truck with no middle seat though. Its absolutely miserable. Whoever sat middle was sitting like a fem boy legs closed and knees up high from the drive shaft hump. It was un fucking real how uncomfortable the middle was. So like I stated the roads were not great, we drove on ice for 5-6 hours straight (while my crypto friend did about 30 minutes of it before I decided I value my life and banned him from driving, he was literally doing over 70 on this ice sheet when I checked the gauge. I forget what he said, I will fail to make it sound as good but he said that he is protected and can not die, if we wreck he wont get hurt because of some universe stipulation that protects him. He said we would get hurt but he wouldnt. *** Ok here is what he said.
“quantum immortality. if i die in this universe, my conciousness will shift to others where i am still alive”
He just couldnt assure us ours would.
I end up driving like 18 of the 24 (one shot) hours it took as letting crypto friend drive was out. We make it set up a farm over a couple days then we go to Vegas. Not only do we go to Vegas but we fly a private jet. Not only do we take a private jet but his buddy has all four of us our own room at the Bellagio for 5-6 days. I remember having a 4500$ win at Bellagios 500$ cap 2-5 game... ran pretty salty. I only remember one hand worth bringing up, but I closed action and called 400$ pre with 67o with 3 others all in. Just flop 77X and send me the money. (Was drinking, gamble gamble). I cold called that also, some fish had opened massive and a 300$ stack just ripped a 400$ stack rejammed and I had called out of bb knowing fish will call off his 400~. This is actually a leak I have in poker. I will go over it because it has history.
Dating back to online my biggest leak was playing vs short stacks. Everyones biggest leak obv (6m setting). There were a few min buyers on Carbon and I got to the point I put them in pre every time they opened my bb from button, so long as they opened 75%+ from button or close to it. This has carried with me live, if I can gamble 3-4 ways (4 specifically) I will basically do it any time its 100bb~ or less with about 40% of hands if I can close action safely. I am a bit of a degenerate in this sense. I will flip for 1k if I have 10k to my name. It mostly came as a way to loosen up tables (the flipping blind preflop) at my local casino with players who give action. I am pretty snug in general but I cant refuse a flip when it presents itself and I cant refuse a fun gamble with short stacks.
I spend the month in Vegas during WSOP and run absurdly bad. Lose every big pot I play it seems. Switch to PLO the last half of the month and go a week straight without tripling my buy in up at any point. Just insane. Looking back I play rather poorly in PLO. I have been spoiled with my PLO games back home (which have been dead for about a year) and could get away with playing 50% of hands and no one ever bet big draws or anything not the nuts basically. I didnt adjust at all is what the issue was. Was just a frustrating month.
So I return and take a stake from a friend. I barely play still. Same ole same ole.
The last thing I will cover for this section is an incident late in 2018. One of the girls who is the floor at my local casino takes kratom also, we talk about it a fair amount. She has some 10mg percocets (mini oxycontins essentially) she gives me two of them. I havent had one in several years. I have been off methadone for 6-8 months at the time. I am eager to feel what I felt all those years ago, having no tolerance. So I take them home even though I know I shouldnt.
I get home and take both of them. What transpires is almost depressing. It frustrates me to no end that I realized that I have no desire for these. It affirms that all the money I flushed wasnt about the high, it was about the not withdrawing. I basically stated this in an earlier post but this is the event that I learned this from. I dont even enjoy it. I just sink knowing that I gave my life away for these. I have never recovered thanks to pain killers. Never once after 2011 have I ever looked in the mirror and said “finally, I have finally recovered what I fucked off”.
I am going to finish this thread off on the next post most likely. It will likely be long and take me a while to compose as it will cover my current year, and put a bow on it. The story basically climaxes a couple posts back, these surely have slowly lost their luster but I will finish them anyways. Nothing exciting about hearing about a guy who can beat games but wont sit in the chair to do it. Its a bit more upbeat in 2019 though andd I feel my future is bright and redemption nears though. I dont think I would have written these if not for a change of mentality recently, so look forward to a positive summary next post.
submitted by cisheteropatriarchy to poker [link] [comments]

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submitted by itnaarcade8 to u/itnaarcade8 [link] [comments]

My experience in Vegas Solo

I'm 42/m from Manitoba Canada. The past year at work had me stressed so I planned a trip. I was on the fence on where i wanted to go, but this was to be a fast trip and it had to be somewhere easy and fast. I decided Vegas was the best option even though I'd be going solo, it is whatever. The weird thing is, I'm not really a social person ... lol.
I started researching tips travelling to vegas alone, things to do, where to stay and stuff like that and was starting to get excited. First things first is booking flights. I had amassed some airmiles so decided to book the flights that way. Only down side to booking with airmiles is the amount of connections. On the flight there I had 3 connections, and on the way back I had 4. I would definitely pay cash next time for a direct flight. Once the flights were booked may 3rd to 7th/19 . It was time to fill up my days.
Years ago I had stumbled upon sites to rent exotic cars and thats where I started. I immediately realized that it was a little expensive(understandable) so I found this gem of a site called Exoticracing.com and immediately booked 10 laps in a 488 gtb 900$ canadian (screw the exchange) . This is something I have always wanted to do and what better way to experience an exotic car than to whip it around a track at 200kph!!!. Exotics racing is truly amazing, right down to the shuttle, greeted at the desk when you arrive, the instruction course, the 2 laps around in the cayanne where the instructor shows you the track .. to the blistering, crazy drive in the 488 with your instructor telling you when to shift, where to brake, when to turn in .. always pushing you to go faster and faster. By the way Mike is the best instructor there tbh. I will definitely make a point of doing this again only I will drive more cars on my next trip
I've also always wanted to see a cirque du soleiel show so I bought a ticket for "O" at Bellagio. Truly a great show and a must see. My seat was terrible though, I sat to the far left of the theatre in the 2nd row from the front, I missed a lot that was happening at the centre of the stage when the pre-show was happening, and missed a lot that was happening at left stage with each act. But all in all, I would recommend this show to anyone. It was amazing the acrobatics these people can do. FYI, If your ticket says (splash Zone) on it, don't be alarmed, you won't get soaked, maybe a light misting from splashing in the pool.
And lastly I booked the Vip reality tv tour. Where the tour guide took you to Tanked, Pawnstars, counts Kustoms, world of toys, the sports memorabilia store, and american restoration. Tbh I shouldn't of booked this tour. I was truly more interested in counts Kustoms, vegas rat rods and american restoration. Pawn stars just doesn't peak my interest. But to be fair, the tour guide was amazing, he had a lot of fun facts about vegas, and he had a seemingly bottemless pit of facts about all of these shows. The thing I hated the most was these venus were so boring to look at, I guess I wouldn't expect the stars to be there all the time, but lets be honest, thats truly what you wanna see, right? We did get to see the toy expert that comes on pawn stars and when we were at American Restoration Rick Dale was there working on an old 50s truck and he came out for pictures!. Each stop was 20 mins, there was more driving then stopping, would not recommend. I would certainly do the other tour which ends at vamped for lunch/supper. Don't ever go on these tours expecting to meet stars.
So what did I do between and after all the stuff I had planned? I put about 50 000 steps/ day on my fit bit walking up and down the strip!!! looking at casinos, all the little stores, the people, everything, there is so much to see in Vegas.
Tips: Wear good comfortable shoes, you will be walking A LOT
Don't take anything from anyone on the strip, they are all an excuse to get you to stop and get money out of you, the free CD guys are the worst and the most sketchy looking.
If you drink, I found going to CVS or walgreens to buy beer was the cheapest ( think 3$ got you a king can) and you can buy them one at a time. Don't buy alcohol at the resort unless you like over paying.
A lot of people say don't shop on the strip, but I went to the fashion show to shop and didn't find the prices too bad, its the canadian exchange that killed me. I also bought couple pairs of shoes at DSW(hardrock).
A lot of the resorts have some sort of free exhibit to check out (bellagio fountain, theres also a garden inside) for one example.
I can't really give advice for people travelling with friends or loved ones, but if your solo, just enjoy your time. Don't let the big crowds fool you or scare you, try not to make eye contact with street people. Its so hard to explain the amount of things happening in Vegas, I bet you could go 100 times and not see everything.
Things I regret: I stayed at the Excalibur, probably would stay at the MGM or Treasure Island next time. The rooms were out dated and didn't have that "oh wow" factor. I think next time I would do the helicoptor tour, more shows, a better vegas tour, and maybe drop the bucks and rent an exotic for the day just for that baller factor.
If you plan on going on a trip and not spending much money, then you should probably plan a different place to go, but if you aren't afraid to spend a little, you aren't afraid of big crowds, drinking, gambling than vegas is absolutely amazing. I will be making this an annual trip for sure. Maybe next time I'll bring some friends, maybe not.
submitted by MrMikeMe to vegas [link] [comments]

Facts about LV so far

Weeks/Months before:
LVMPD gets 35 new officers
CEO of MGM Resorts sells 80-85% of his stock in MGM
Soros buys $42M put-option on MGM Resorts*
Paddock makes $5M in one year as a 'professional gambler'*
Paddock purchases 33 of his 47 firearms in the last 12 months*
Paddock's girlfriend/roommate (Marilou Danley) flies to Asia on September 21. Danley claims Paddock booked the trip without her knowledge and "sent" her there to visit family in the Philippines.*
Paddock wires $100,000 to Danley in the Philippines*
Leading up to Event:
Paddock has 32-134 comped to him and after 3 days decides to add the suite 32-135 with his own cash [it is still unclear as to which room he was comped and stayed in first, as pointed out the room service bill was for 32-135]
Paddock never seen with anyone on any surveillance
Paddock has access to the service elevators, which are confirmed to have cameras on them
Room service lists 2 guests with 2 Pepsi's and a mineral water ordered (if you're drinking mineral water it could be to replace soda, but that's speculation)
Valet attendant greets Paddock on multiple occasions; claims never had to carry anything out of the ordinary for him. That article has been scrubbed from Hawaiian ABC affiliate and the valet attendant is missing and has deleted all social networks "valet isn’t missing, just overwhelmed by situation and went on vacation to California. The news station removed his interview because he asked them to"*
Report of 'you're all going to die' crazy lady with male friend at event 30-45 min prior to shooting
Paddock's pass was used to leave the parking deck. 15 minutes later while his car was out, his key card was used to enter the room*
Just before Event:
Multiple reports of fireworks moments prior to shooting
Campos is sent to investigate an open door alarm (probably a guest door) unrelated to the shooter.
Campos comes up the stairwell by Paddock's door but finds the stairwell door can't be opened (Paddock has sealed it). Campos may have heard drilling at this time.
Campos calls in to engineering to fix the door.
Campos goes down stairs, up elevator and investigates the open door alarm as planned.
After the investigation (outcome not known) Campos proceeds to investigate drilling.
Campos gets fired at in hallway on approach to the suite. We do not know if this was sustained gunfire. He is hit in the thigh.
It is reported that Campos called for help via radio and house phone but there is no evidence of this yet.
Building engineer Stephen Schuck arrives on floor via elevator without any knowledge of gunfire. Shots fired down hall as he is 1/3 of the way there.
Campos, taking cover in door alcove in hall, tells Schuck to take cover, saving his life.
A sustained barrage of gunfire ensues.
Schuck radios in report.
Campos and Schuck escape hallway during a lull in fire.
Engineering manager arrives. Gives keys to Schuck. He goes down stairs to turn off elevators. Returns and gives keys back. It is not known if this occurs before or after the main event.
~200 rounds are fired from Paddock's suite into the hallway
Campos is still present on the 32nd floor when SWAT arrives *(most of this section added thanks to 2ndSaturdaysWarrior and the info checks out as facts)
The Event:
Paddock, acting alone, fires semi-automatic rounds from 134. He then fires rapid fire rounds from the same window, despite the under-sheriff saying otherwise. Reason being is there is photographic and video evidence that shows the suite window was still in tact at least up until the 3rd automatic-type volley
Paddock then uses multiple weapons, and multiple types of cartridges (confirmed by the under-sheriff) and fires over 1000 rounds into the crowd at R91, while at some point breaking out the suite window, hurricane glass, with a hammer.
He also switches between rooms often (taxi driver video explained as him switching rooms for audio discrepancies) and before he calls it a night, locks the adjoining door, walks around back into the suite, and kills himself firing a (.357?) revolver twice over about 15-20 seconds.
After the Attack:
Zebra 20 (SWAT) is on location for about 40 minutes prior to executing the first breach on the suite, finding Paddock dead, executing their second breach to 32-134, and moving furniture around (as witnessed by the man staying in 31-134 via New York Times interview)
EMS reports taking fire near the Tropicana casino (After Paddock is dead)
Shots reported at Bellagio
Shots reported at NYNY/Excalibur
Shots reported at Aria
Shots reported at Caesars
Random helicopter is filmed in the Harley Davidson parking lot behind Mandalay Bay. Assault rifle is on the ground and a masked man enters a vehicle*
Armed mercenaries (Metro?*) escort person and/or items outside of the Tropicana while their point man clearly aims his muzzle at casino guests
Jesus Campos does not speak to media. He does not get bullet removed from leg. He has armed guards at his residence from a company that has had their business license expire in January
One of Paddock's homes in Reno is broken into, but nothing is reported missing*
Authorities found tannerite in Paddock's car, which was parked in hotel garage, as well as gas mask(s) and bulletproof vests in the suite*
At least two cell phone chargers were found in his room (police later say they matched all to his devices)*
Marilou Danley is placed on no-fly list on October 11*
Campos cancels interview with Sean Hannity October 12*
Did I miss anything?
Any edits after original post noted with *
submitted by uhyeahokwhateva to conspiracy [link] [comments]

Vegas Trip 2/4-2/6 Follow up

2/4:
Took an early flight into LAS with friends. Was way too early to check into my room. Headed North on the strip from Bally's. Stopped at Margaritaville, tables were extremely crowded, even at about 8:30am. Decided to keep walking. Checked out the Linq and Harrah's. The tables were also pretty crowded, the staff reminded me it was the morning after the Super Bowl, which explains the crowd.

Finally made my way down to Casino Royale. My previous post it was suggested. They had a low limit table at 10$ and the table was just as people had explained to me. An enormous table, clearly seen a lot of mileage. A true testament to the classic game of craps. I bought in 120$, my friend who's never played craps had bought in 100$. I mostly do The John Boender Inside/Out Press/Regress initially using the field as coverage. It's a slow build strategy that I thoroughly enjoy. It feels pretty safe in regards to a low buy in, and I have the option to add odds as I please.
The table was extremely cold when we bought in. Immediately two shooters roll a point, seven out. Finally it's my turn to shoot. I always play with a hardway set, 5's on top with 3 and 4 face. I didn't really think about how much longer the Casino Royale Table was at first. Initially threw a Hard 4. Threw quite a few short rolls realizing that the table was much longer than my local casino. The dealers were nice, and had been dealing there for quite a few years.

At the end of my hot roll, which had to have been at least 20 or so. I had tripled my money. I always take down everything but the pass and add odds when I feel my luck has been pushed. I finally seven'd out and it was my friends turn to roll. He went about 11 rolls, I placed 6/8 and told him I'd cash out after his roll. He also did. I wanted to end on a high note for his introduction to craps.

Showed my friend the White Castle, and the foot long hot dogs at Casino Royale. By the time we got back to Bally's it was well past the Check in time. We had a nap and proceeded to walk the Vegas Strip at night.

We headed down the Strip South this time. Stopped at the Taco Bell Cantina to show my friends they served Alcohol here. It was their first time in Vegas. We proceeded to the NYNY Casino. I didn't like the 15$ tables. I was ahead on the first day, didn't want to immediately lose it. We drank and played slots for awhile, and headed to the Excalibur. Users had told me there was a 5$ table there and it would be a good place for my friends to learn more without risking too much. Table was cold as it could be. Only one winning was the don't player which my friends were curious about.
Bought in 120$, lost 80$ over an hour, decided to colorup and mess around on the Roulette table. I was pretty drunk by this point.

Took my friends to see the inside of the Luxor, then caught a cab back to Bally's.

2/5
Got back pretty late in the morning, so we all slept until about 2pm. Headed to Bellagio, wanted to show my friends the amazing Casino floor there. We only played slots there, I had won 80$ in my first couple spins and was ready to go. We then headed to the Bacchanal Buffet. After eating we headed down to Fremont St. I had never been there same as my friends. An absolutely amazing experience. Initially headed to Fremont Casino. Their table was crowded and the placed seemed a bit old. Headed to The D instead. The D was by far my favorite craps table during the whole trip. Dealers were friendly and a huge part of celebrating our wins. They were informative to a family of new players were next to me. They were very friendly with my dice setting. I had a hardways streak in which I was rolling 4's and 10's like no tomorrow. I had yet another hot roll and was enjoying the night, winning big as were my friends. On the third Hard 4 the dealers called the pit boss over. I was initially worried, then he simply told me to "Throw another one" When I did, he cheered with the whole table. It was clear to me that this casino cares more about their patrons fun than scolding a dice setter. The dancers by the tables games were a big hit with my friends. By far my favorite craps table.

Headed back to the Fremont around 1am. Lost 120$ there, the table was cold as all hell. The dealers there were no where near as friendly with my dice setting as The D. While they were friendly with their reminders to really hit the back wall(I was just not hitting the pyramids). I sensed they were getting irritated with me. Which I don't have a problem with, I was also pretty buzzed. Finished my game, tipped the dealers and headed back to the Hotel.

2/6
We had a late flight back home, so I figured we'd end where we started, Casino Royale. I bought in 240$, the table was a 5$ min on Wednesday. The dealers and pit boss were rather rude this time around. I had seen 4 people get kicked out off the blackjack table during my game. They were outright ignoring new players next to me asking questions. They were extremely rude to me while setting the dice this time around. A completely different vibe from day 1. Berating me "not to play with the dice" when I was setting them just as I was the previous 4 rolls. I had one roll where I landed an Easy 4. only one of the dice had bounced off the back wall. They reminded me to hit the back wall with both. I tossed out a dollar on each of the hardways, one of my chips had rolled across the table. I was met with a rather uncalled for "Really dude?" followed by a sigh from the dealer to my right. The stickman was the one to retrieve that bet anyways, this dealer clearly just hated his job. So I throw another roll, hard 10. This time I don't give a shit what the Casino has to say. They've showed their clear dislike of me and had no intention to change it. I was constantly apologizing for prop bets I threw rolling elsewhere, and they simply kept berating me and trying to make me feel bad for it. I was called "Unbelievable" when setting down my place bets and accidentally knocking the stack over with my sleeve. Mind you the stack was 10 chips tall and they had not rolled anywhere in this instant. Getting back to my roll, I had had enough of this Casino's staff. I got damn good at throwing hard 4's short during my stay, was certain this casino was gonna kick me off the table if not off the property. I tossed 5$ on hard 4 and a 25$ place bet and went to work. First Hard 4 was short, I told them to press both my 4's. second roll was a 9 which I also had placed, third was a Hard 4 again. In which the pit boss had reminded me to hit the back wall with both of the dice. My forth roll was yet another hard 4 at which the pit boss came to me and stated that both the dice need to hit that back wall, or I am off the table. I politely agreed and followed by taking all my bets down except for the pass with full odds on the 8. I slammed the dice against the back wall and hit the point. When hard 8 rolled, I immediately saw disappointment in the staff. All their heads tilted down and let out a sigh at the fact that a player was winning.
I was thoroughly disgusted with how the staff was that day. Instead of continuing, I asked to color up and pass to the next shooter. I was quite through with the dull attitude of their staff. I came out 338$ and still tipped them 8$. I could not believe how obnoxious they were. Every winning shooter was met with attitude while I was there. I took my money and left. I had told my friends about my experience. They both met me with similar stories about the bartender being rude to them. We headed to the Bellagio Fountains for a show and proceeded to the airport, ending our trip.
This was my first time playing craps in Vegas, I hadn't been here in a few years. Overall a successful trip and an unforgettable experience, especially at Casino Royale. I can't help but be happy I left 300$ up, and that most of the winning were from the Casino that was treating their players like absolute shit.

If you made it through the post, thanks for reading! I just figured I'd post a followup from my initial post asking for casino suggestions. The D by far was the funnest most friendly place to play. Even the players were an absolute joy to be around.
Thanks again! I hope to see some of you at the Craps tables in the future!
-Kyle
submitted by CallOfKyle to Craps [link] [comments]

Rise and Fall Part 9.

Part 8 (has link to all before it, part 7 link has each individual link)
I expect this one to be the least popular one. Just wanted to be a cynic to open it up. I have been busy and this ones prob a bit sloppy, I didnt really proof read it or clean it up. The next one will likely be my last and hopefully the best one.
It is early 2017. I have been carrying on my usual playing 10-20 hours a week to survive. Still lethargic is best term I suppose. I just dont get excited to play anymore. I consider getting a job to remind me how shitty working is so it gives me a kick in the teeth to play poker. Then it dawns on me, I hate playing poker now.
Poker has been tainted. Everything bad that happened to me I can associate with poker. The rise and fall was poker (the fall part). The oxycontin started as a performance enhancer to log more hours. Everything I consider to be wrong in my life I trace back to poker essentially, even if just a butterfly affect reason that had I done something else I wouldnt be here.
Hating poker is not the greatest realization considering its my only means to income outside of grunt labor. I seek a job in a couple places to no avail which was fine, I didnt wanna do that either.
Several months earlier I had started playing on SWC (bitcoin site) and became familiarized with bitcoin. Thought nothing of it, it was just the currency I was winning or losing. I dont read a thing about it, I learn nothing of it. I wasnt playing a ton or even big stakes, my intention for playing online was to just stay sharp in case it ever comes back full fledge. I have 5-6 btc on this site at the most (2-3k) and I flush it playing plo and big o not thinking much of it.
Back to 2017. Its March/April~ of 2017. I am playing cards one night dicking around probably had a couple drinks and was needling the usuals etc. A guy I do not know is in the game. Looks Russian. I bet he interfered in our election... fucking commies. I dont remember how I got to talking to him but crypto had been brought up. I talk about SWC. Tell him I had a few btc but not anymore. The only other thing I remember well from the conversation was bitching about going from an iphone4 (yes I had an iphone4 from 2010-17, the same one. It barely worked. Many oxycontins snorted off the back of that phone, texts dating back to when I got it in 2010) to the 6 or 7 or wtfever I have now, which is bigger and its harder to text and drive. He just responds by saying “first world problems are the worst”. Amen brother, those Africans and Venezuelans have no clue of our struggle.
I end up talking to him a bit and it turns out he mines crypto. Has a website that sells mining equipment. He has a hell of a back story too. I tell him I am interested in mining. I have about 20k to my name at this time and I realized recently that I dont like playing poker so why not? He eventually tells me not to do it. Regardless we become friends and he is ultimately the most important friend I have ever made. I have made more positive strides mentally since meeting him (mostly work ethic, realizations, reality checks and aspirations) As silly as it sounds, when he told me “first world problems are the worst” it stuck with me. He was saying it as a joke but jokes are funniest when true. He is genuinely the smartest guy I have ever associated with also. If you run into him at a poker table youd think he was a high functioning autist. Then you talk to him and go “ohhh hes just one of those Einstein type geniuses”. His hair is usually a mess, he cuts his own hair for or has his girlfriend do it. He wears cheap clothing usually since it all covers your ass or nipples I suppose. He virtually never instigates conversation with people he doesnt know. He is really deliberate with his actions. Talks really calmly and knows exactly what he is saying. He is just on the same level at all times it seems.
Meeting him has definitely changed my life for the better. We become friends pretty quickly. I know I went on a downer after meeting him because I couldnt afford to buy mining stuff and remember wanting to (again, he told me not to do it eventually anyways).
Which will lead me to another good friend to have. Between 2015 and this point in 2017 I have shot myself in the foot not logging hours a couple times. A friend has bailed me out with a loan or short term stake a few times. He is a well off restaurant owner who loves poker more than just about anything not related to him. Every time I see him we talk about hands he played and he just eats it up, has photographic memory and never butchers a hand history which is nice. He is as good hearted of a guy as I have ever met. (Sorry if this is getting long winded giving praise to people close to me, I intend on sharing with a few people and would like them to know what they mean to me as corny as that is because I suck at doing it in real life. Plus it is kinda gay to get mushy sounding in real life, but I digress. Theyve heard virtually none of the content of this whole thread either, a ton of this stuff I have never shared) In fact he is too kind hearted. He has helped people who wouldnt piss on him if he was on fire, and people have burned him on many occasions. My only complaint about this person is he never kicked my ass and told me to log more hours or fuck off. I needed it. If I just logged hours I wouldnt need the help. Its as simple as that. I have no leaks other than the unwillingness to play (leaks as in drugs/pit games/strippers/wtf ever else) and it has hindered me immensely over the these last couple years. (Ok I do have one embarrassing leak that has been fixed for a year and change, mobile games... I have spent like 30,000$ on mobile games between late 2016 and late 2018, Lords Mobile specifically clocked me for 20k. This definitely hindered my ability to build a roll and got me into a few jams. When youre not logging hours playing youre sitting around gaming and these games arent cheap obviously)
It is around May now and my friend who messes with crypto tells me that Bitcoin is going to 10,000$. Its like 800$ at the time iirc. I own a couple from Ignition cashouts. I kind of trust him. I cant argue him on it as I have literally no mental fortitude on the subject, but I essentially shrug it off. I start watching the price on poloniex and am watching prices jump like crazy. Light bulb in head! I can buy the dips sell the peaks and have more BTC! Lets load the 2.5btc I have onto poloniex! Sell peak but it keeps climbing... “FUCK! gotta get it back before it goes to 10k! Whew. Still have 2.45 BTC. FUCK! Its dropping! Get it out before it goes to zero!”
Yea I turned that 2.5 BTC into .4 BTC. No joke. I think I ended up throwing it onto SWC and losing it once it was almost gone. I honestly forget. I had nothing when it finally hit 20k other than some shit alts worth about 800$ at most (worth 35$ now but they still reside in my locked poloniex account, maybe I will give poloniex my ID if they ever become worth more than 1k)
So I am now annoyed I didnt turn every free dollar I had into BTC. I didnt trust the guy enough and to be fair I would have been using the money I play with. Had I met the guy a year earlier (know what I know of him now) I would probably have just locked it all up and sat around waiting.
I never really get my act together in 2017. I continuously log just enough hours to get by. I just dont care. I just want a way out of this. I catch myself saying “I hate playing poker” and sometime around the end of 17 or early 2018 I start trying to censor myself and quit saying that. Saying it will only make it fester deeper. I have to retrain myself to love poker. I remember the days of playing 18-24 hours straight because I love playing. I love watching for everything I can find to get an edge. I love a situation to present itself where I can step out of line. But now I just sit down and count the minutes before I can tell myself “way to go! You put in an 8 hour shift lets pack it in!” I leave good games often times. I celebrate when games break. This is where I am mentally while I play. I cant break out of it.
Late in 2017 a close friend of mine passes away. Will call him J. He was the guy who gave me a place to stay after the shutdown in Joplin. I was still doing oxy and he never once touched the stuff knowing what has happened to me. He doesnt judge me, he is somewhat of an enabler I suppose. He just drinks does shitty coke sometimes and has a script of adderol and xanax. Literally never once does he do any with me (ive warned him xanax and opiates will kill you if you mix, which is likely part of the reason he never did it) He was a marginal poker player (relative to modern game, he was just good enough to beat the rake live but he had too many pit leaks) and took great pride in being my friend (I was the slayer in the area for years leading up to this, anyone considered the best in their area can relate, you just have the respect of the local poker community). One of my earlier live poker memories involved him. I am like 18 or 19 playing a 1-2 game at a small casino and he was there with a friend. They were the good players in the game at the time. They were having a few drinks eating nice food and laughing having a good time. I remember thinking that I want this lifestyle. Care free gambling fast paced lifestyle. I had told him this story years later and he just ate it up, constantly tried to get me to rebound, but as I have stated many many times in the last few of these I have basically waved my white flag and accepted the result of my fall.
Anyhow after living with him we always talk every few months at minimal and have something to eat when we see each other at the casino. He was somewhat disingenuous sounding he was so nice and honestly it got to a point it started rubbing me the wrong way. I still talk to him of course but less frequently. In December of 2017 I get a phone call from my friend who owns the restaurant and he is distraught. He has been at the hospital and J has passed away. The back story on this is he had gotten a phone call from old friend who was getting out of prison in Arizona with no where to go (a female). J being as nice a guy as he is drives the 20+ hours to get her and gives her a place to stay. Well shes a junky and actually convinces J to do opiates/heroin. He overdoses and dies. I hadnt talked to him in a few months. I regret it. Had I known I would have beaten him senseless and got him to quit before things actually get bad.
Going to his funeral hit me up side the head too. The way I started feeling he was disingenuous just got destroyed. I cant fathom as many people showing up to my funeral with as nice of things to say. I wrote something to say but opt out after a few people say everything I had written (except better). I regret not saying them anyways. I think I still have what I wrote tucked away with the card and his money clip that made its way to me. I stumbled across his casino players card in a box one day and it resides in my wallet ever since. This was the first close friend that has passed away in my life, knock on wood. It woke me up a bit and caused a lot of self reflection because I felt I had let him down. I lived a few miles from him and didnt drop in to see him, didnt stay in contact as well as I should have. All because I felt he was disingenuously nice when he was actually just nice, which is actually because I am a cynical hermit who hates social life these days. That was the real reason I didnt stay closer. Him being too nice was just my excuse to blow him off essentially.
Only other thing I can add is that chick he helped out didnt even go to his funeral and on top of that had tried to take his truck and clean his house out. Junkies are the worst. I was a junky but I proudly say I never robbed anyone or cost anyone anything other than emotional distress.
2018 starts and I have been decreasing my methadone every week for about 3-4 months now. I am on a low dose. Makes sleeping at night hard (get restless legs and sneezy). So I am having a few drinks any time I am at the casino playing (still just two days a week for the most part) to help get through those late night sessions when its worn off and I feel crummy. I get down to 15mg then 10mg and in March of 2018 I get asked if I wanna work for a week with my crypto friend. His friend is setting up a farm with 500 miners and needs help. I agree. The pay is in excess of the work (in my opinion) at 3k and I have no expenses, but I dont argue obviously. Before we leave town I have to pick up my week of methadone (at 4mg now) and so I do that. I never take any of them, I have the box still. Never opened it. They remain at my apartment as a reminder, the box carrying the 6 doses and a stack of receipts for every 75$ week that I kept in the box, several years worth, at least 9-10k worth of receipts, and that shits CHEAP compared to oxy. So I am finally off of opiates. I take kratom still but its essentially non addictive in comparison. Ill cede that I am reliant on kratom but if it disappeared tomorrow I wouldnt panic, I would be fine.
So I fly to Denver with my friend and meet his friends half brother who was instructed to rent a box truck and the three of us were to drive from Denver to Washington carrying like half a million dollars worth of hardware. Its early March, the roads arent exactly great. Half brother of his friend rents a truck with no middle seat though. Its absolutely miserable. Whoever sat middle was sitting like a fem boy legs closed and knees up high from the drive shaft hump. It was un fucking real how uncomfortable the middle was. So like I stated the roads were not great, we drove on ice for 5-6 hours straight (while my crypto friend did about 30 minutes of it before I decided I value my life and banned him from driving, he was literally doing over 70 on this ice sheet when I checked the gauge. I forget what he said, I will fail to make it sound as good but he said that he is protected and can not die, if we wreck he wont get hurt because of some universe stipulation that protects him. He said we would get hurt but he wouldnt. (I will have him tell me this stuff again and leave it in comments, it was pretty funny and I kinda want to think he believes what he said as it was clearly not something he just came up with).
I end up driving like 18 of the 24 (one shot) hours it took as letting crypto friend drive was out. We make it set up a farm over a couple days then we go to Vegas. Not only do we go to Vegas but we fly a private jet. Not only do we take a private jet but his buddy has all four of us our own room at the Bellagio for 5-6 days. I remember having a 4500$ win at Bellagios 500$ cap 2-5 game... ran pretty salty. I only remember one hand worth bringing up, but I closed action and called 400$ pre with 67o with 3 others all in. Just flop 77X and send me the money. (Was drinking, gamble gamble). I cold called that also, some fish had opened massive and a 300$ stack just ripped a 400$ stack rejammed and I had called out of bb knowing fish will call off his 400~. This is actually a leak I have in poker. I will go over it because it has history.
Dating back to online my biggest leak was playing vs short stacks. Everyones biggest leak obv (6m setting). There were a few min buyers on Carbon and I got to the point I put them in pre every time they opened my bb from button, so long as they opened 75%+ from button or close to it. This has carried with me live, if I can gamble 3-4 ways (4 specifically) I will basically do it any time its 100bb~ or less with about 40% of hands if I can close action safely. I am a bit of a degenerate in this sense. I will flip for 1k if I have 10k to my name. It mostly came as a way to loosen up tables (the flipping blind preflop) at my local casino with players who give action. I am pretty snug in general but I cant refuse a flip when it presents itself and I cant refuse a fun gamble with short stacks.
I spend the month in Vegas during WSOP and run absurdly bad. Lose every big pot I play it seems. Switch to PLO the last half of the month and go a week straight without tripling my buy in up at any point. Just insane. Looking back I play rather poorly in PLO. I have been spoiled with my PLO games back home (which have been dead for about a year) and could get away with playing 50% of hands and no one ever bet big draws or anything not the nuts basically. I didnt adjust at all is what the issue was. Was just a frustrating month.
So I return and take a stake from a friend. I barely play still. Same ole same ole.
The last thing I will cover for this section is an incident late in 2018. One of the girls who is the floor at my local casino takes kratom also, we talk about it a fair amount. She has some 10mg percocets (mini oxycontins essentially) she gives me two of them. I havent had one in several years. I have been off methadone for 6-8 months at the time. I am eager to feel what I felt all those years ago, having no tolerance. So I take them home even though I know I shouldnt.
I get home and take both of them. What transpires is almost depressing. It frustrates me to no end that I realized that I have no desire for these. It affirms that all the money I flushed wasnt about the high, it was about the not withdrawing. I basically stated this in an earlier post but this is the event that I learned this from. I dont even enjoy it. I just sink knowing that I gave my life away for these. I have never recovered thanks to pain killers. Never once after 2011 have I ever looked in the mirror and said “finally, I have finally recovered what I fucked off”.
I am going to finish this thread off on the next post most likely. It will likely be long and take me a while to compose as it will cover my current year, and put a bow on it. The story basically climaxes a couple posts back, these surely have slowly lost their luster but I will finish them anyways. Nothing exciting about hearing about a guy who can beat games but wont sit in the chair to do it. Its a bit more upbeat in 2019 though and I feel my future is bright and redemption nears though. I dont think I would have written these if not for a change of mentality recently, so look forward to a positive summary next post.
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bellagio casino facts video

Fun Facts About  LAS VEGAS, U.S.A Behind the Scenes in Las Vegas - YouTube Bellagio Casino Water Show 3 GAMBLING IN LAS VEGAS & ACTUALLY WINNING! - YouTube Hotel und Casino Bellagio Las Vegas 3 Fountains Show of Bellagio Pool Springbrunnen 10 Amazing Facts about Bellagio Fountains in Las Vegas

The casino opened on 15 October 1998 and is one of the most iconic venues in Las Vegas. To help commemorate the anniversary, here are 10 fun facts about the resort-casino, which is owned and operated by MGM Resorts: 10. Picasso Picasso, Bellagio's French and Spanish-influenced restaurant, has won the AAA Five-Diamond Award every year since 1998. Bellagio. 3600 Las Vegas Boulevard South Las Vegas, NV 89109 (702) 693-7111 – Phone (888) 987-6667 – Toll-Free Room Reservations (702) 693-8546 – Room Reservations Fax Bellagio. Bellagio is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. A resort is a self-contained commercial establishment that endeavors to provide most of a vacationer's wants, such as food, drink, lodging, sports, entertainment, and shopping, on the premises. The Las Vegas Strip is a stretch of South Las Vegas Bellagio Hotel & Casino Facts. Opening Date: October 15, 1998 Number of rooms: 3,933 guest rooms, including 512 suites. 19 Restaurants, 5 Bars/Lounges Bellagio is a 5 Diamond (AAA), 4 Star (Forbes) Location: On the Strip Official Web site: www.bellagio.com. Bellagio hotel location on the Strip. Check-in time at Bellagio Las Vegas: 3:00 p.m. casino. Poker. Prepare for exhilarating action at our 40 poker tables and two high-limit areas. With 7,000 square feet showcasing 40 tables and two high-limit areas, it’s clear why Bellagio’s room is one of the preferred stops on the famed World Poker Tour. Las Vegas is one of the best gambling cities in the world, which often attracts some weird players. Nevertheless, Bellagio is home to one of the most exclusive poker rooms ever: Bobby’s Room. The room is named after Bobby Baldwin, the winner of the 1978 World Series of Poker Main Event. 23. A Bellagio Bandit stole $1.5 million worth of casino chips, however, these chips turned out to be worthless, so, he joined an online forum, trying to sell the chips he had just stolen from the biggest casino in Las Vegas. He was soon caught and sentenced to prison for 3 to 11 years. – Source. 24. Bellagio, located on the Strip in Las Vegas, is celebrating its 20th anniversary this month.The casino opened on 15 October 1998 and is one of the most iconic venues in Las Vegas. To help commemorate the anniversary, here are 10 fun facts about the resort-casino, which is owned and operated by MGM Resorts: 10. Picasso Picasso, Bellagio's French and Spanish-influenced restaurant, has won the To download the complete Bellagio Fact Sheet, click the "Click to Download" button on this page. The Bellagio is built on the grounds of another famous casino, the notorious Dunes. The Dunes opened in the Fifties, and was plagued by controversy throughout its life. It was the first casino-hotel in Vegas to offer a topless show in 1957, and it was widely suspected of having strong links to the mafia.

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Fun Facts About LAS VEGAS, U.S.A

Bellagio Casino Water Show - Night Show. Category Autos & Vehicles; Song The ecstacy of gold - L'estasi dell'oro Las Vegas - Did You Know Bellagio? Amazing Facts about The Bellagio Hotel and Casino - Duration: 4:11. Not Leaving Las Vegas - a Vegas Video Channel 2,519 views Las Vegas Strip. The Fountains of Bellagio. Amazing facts you probably didn't know about Bellagio Fountains. Everything dazzles here. But, did you ever wonder, how do they do it? What goes on behind the curtains? What alchemy is concocted beyond the locked doors and... Sad fact the original music due to licensing issues, while the fountain show will not be played. Here you can see the hotel and casino and three fountains - Shows. Here you can see the hotel and ... Las Vegas vlog March Madness Day 2Starting the day with Bellagio fountain show. The room at MGM grand had a view of The Mansion (high rollers villas). Specia...

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