Comments for Real Money Gambling Online http://www.atomicbet.com Guide to Gambling for Real Money Mon, 21 Dec 2009 20:10:56 +0000 http://wordpress.org/?v=2.9.2 hourly 1 Comment on How to Gamble and Win by Kevin G http://www.atomicbet.com/tutorials/how-to-gamble-and-win-127#comment-20 Kevin G Mon, 21 Dec 2009 20:10:56 +0000 http://www.realmoneygamblingonline.com/?p=127#comment-20 Hi David, Thanks for the question. Probability is the measure of how likely a single event is to occur. The probability of any given outcome can be determined using this formula; P(event) = Number of Ways the Event Can Occur ------------------------------- Number of Possible Outcomes So in the coin flip example, P(heads) = 1 (# of heads) -------------- 2 (# of sides of the coin) = 1/2 or 50% to land on heads House edge is the difference in your actual odds of winning (true odds) and the money odds the casino offers you if you win the bet. So, let's say the casino sets up a coin flip game - They offer you $100 if the coin will land on heads, and you lose the $100 on tails. In this game, you'd break even over time. There is no house edge. But that's not how casino's work. Instead, they offer you $98 for landing on heads, and you lose $100 for tails. This gives the game a house edge of 2%. The probability of landing on heads is still 50%. Only now, if you continue making that bet, you're going to lose $2 for every $100 wagered over time. Hi David, Thanks for the question.

Probability is the measure of how likely a single event is to occur. The probability of any given outcome can be determined using this formula;

P(event) = Number of Ways the Event Can Occur
——————————-
Number of Possible Outcomes

So in the coin flip example,

P(heads) = 1 (# of heads)
————–
2 (# of sides of the coin)
= 1/2 or 50% to land on heads

House edge is the difference in your actual odds of winning (true odds) and the money odds the casino offers you if you win the bet.

So, let’s say the casino sets up a coin flip game – They offer you $100 if the coin will land on heads, and you lose the $100 on tails. In this game, you’d break even over time. There is no house edge.

But that’s not how casino’s work. Instead, they offer you $98 for landing on heads, and you lose $100 for tails. This gives the game a house edge of 2%.

The probability of landing on heads is still 50%. Only now, if you continue making that bet, you’re going to lose $2 for every $100 wagered over time.

]]> Comment on How to Gamble and Win by David Gladstone http://www.atomicbet.com/tutorials/how-to-gamble-and-win-127#comment-19 David Gladstone Mon, 21 Dec 2009 06:06:44 +0000 http://www.realmoneygamblingonline.com/?p=127#comment-19 If we say that a person has a 50 50 chance of winning a coin toss can we then say that if the house has a house advantage of 2% that the individual has a 48% chance of winning against the house probability of 52%? If this is not the case please explain how I can understand what is truly going on here If we say that a person has a 50 50 chance of winning a coin toss can we then say that if the house has a house advantage of 2% that the individual has a 48% chance of winning against the house probability of 52%?

If this is not the case please explain how I can understand what is truly going on here

]]> Comment on Blackjack Strategy Tips by Kevin G http://www.atomicbet.com/tutorials/winning-blackjack-tips-317#comment-15 Kevin G Sat, 05 Dec 2009 00:35:43 +0000 http://www.realmoneygamblingonline.com/?p=317#comment-15 Thanks Remi. Online blackjack is the way to go if you want to play with less money and learn proper blackjack strategy. Good luck at the tables! Thanks Remi. Online blackjack is the way to go if you want to play with less money and learn proper blackjack strategy.

Good luck at the tables!

]]> Comment on Blackjack Strategy Tips by Remi Smith http://www.atomicbet.com/tutorials/winning-blackjack-tips-317#comment-14 Remi Smith Wed, 02 Dec 2009 14:04:07 +0000 http://www.realmoneygamblingonline.com/?p=317#comment-14 I've never imagined blackjack could be this confusing :p All i know is that I have to be close to 21 and I'll win. I love online blackjack though and I am playing it with williamhillcasino. Online because,it's practical! But the bottom line is that, Blackjack can be played by all. WOW.. nice article. thanks. I’ve never imagined blackjack could be this confusing :p All i know is that I have to be close to 21 and I’ll win. I love online blackjack though and I am playing it with williamhillcasino. Online because,it’s practical! But the bottom line is that, Blackjack can be played by all. WOW.. nice article. thanks.

]]> Comment on Blackjack Basic Strategy by Vikings Voyage Tragamonedas http://www.atomicbet.com/strategy/blackjack-basic-strategy-342#comment-2 Vikings Voyage Tragamonedas Thu, 12 Nov 2009 23:46:47 +0000 http://www.realmoneygamblingonline.com/?p=342#comment-2 Black Jack is the least profitable game for a casino, and there is a real chance of winning. It's my favorite game, too. But what is it about splitting a pair of 6's? When the dealer has a 2. I don't agree with that one. Black Jack is the least profitable game for a casino, and there is a real chance of winning. It’s my favorite game, too. But what is it about splitting a pair of 6’s? When the dealer has a 2. I don’t agree with that one.

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