“If I want to get rich at the casino`s expense, will luck help me?” You probably asked yourself this question at least once. Technically, the answer is positive. Just don’t rely on your favorite talisman, which is supposed to provide you with overwhelming wealth. The term “luck” can refer to many situations, especially in gambling. For one, this is a successful move in poker, for the other — a winning slot machine.
Today, we have a special guest, who will discard common myths and superstitions about gambling. He operates a website with real money casino rating, so he will help you choose the right casino and determine good gaming chances for yourself. Rhyker Hackarry is not only a real money casino influencer, he is a professional gambler. He has made gambling his main occupation and doesn’t regret it at all. Let’s start this fascinating interview!
Interviewer: Unfortunately, too many novice gamblers rely on luck as their main assistant. Do you think this is the right approach?
Rhyker Hackarry: To understand your real chances against casinos, “luck” must be considered from a rational mathematical point of view. With this approach, luck is no more than a temporary fluctuation or deviation. For example, in Caribbean poker, you lose an average of five dollars on every hundred bucks you put. However, at one point, the pendulum of luck can swing in your direction, providing you with a substantial benefit. If the pendulum swings the other way, you`ll lose much more than these five dollars.
From a purely mathematical point of view, none of these results has anything to do with luck. These are normal consequences of fluctuation. For example, you toss a coin. In half of the cases, it`ll fall with heads, in half — with tails. But within a short time, this ratio can deviate from fifty percent.
I: What about probability? I heard that it also matters during the game.
R: Millions of gamblers in different countries go to casinos every day without any idea of a very important concept — probability. In mathematics, there is a whole section under this name, and it’s very complex. For a successful game, it’s not necessary to study probability theory thoroughly. But I would say, fundamental understanding of probability will help make reasonable decisions in the game.
In our case, the concept of probability is related to the laws of probability that determine the frequency of certain events. Probability means the ratio between the number of cases when something doesn’t happen and the number of cases when something will happen for sure. So, you can either hold your money or lose it. Both can happen.
Another important term to know is random results. In gambling, randomness relates to events that are not affected by previous results — for example, rotation of roulette or throw of dice. Dice and roulette don’t have brains and cannot control their behavior. Each new throw or turn of the wheel doesn’t rely on previous cases.
Slot machines are random, too. Winning a jackpot doesn’t affect the likelihood of the same combination being hit again.
I: So, non-random events relate to previous cases to some extent, right?
R: Yeah, that’s right. Remember that almost all casino games are based on luck, whether these are dice, a rotating wheel, or a slot machine. Events in these games are almost always independent, or random. A rare exception is card games like blackjack or poker. They require some skill.
I: How can one increase their chances of winning?
R: If you want to win more often than lose, you must understand how statistics, probability, and chances interact. In other words, you have to figure out the frequency with which the event occurs. That’s statistics. Next, is it possible that this event will happen? This is the probability. And what will this event give you if it happens? These are chances. Distinguish these concepts, and you`ll be ready to fight the casino on a scientific basis. Besides, you`ll be able to determine which games should be avoided.
I: So, an experienced gambler can influence the probability of winning a particular game, right?
R: Not exactly. Casinos are not charities. They exist to make money, and, like all successful enterprises, use a reliable business model. Having a perfect understanding of the probabilities and chances, casino owners make sure they have a significant net profit. This profit usually comes from a small percentage of all bets that the casino expects to win.
In other words, casinos seek to pay successful gamblers a little less than they take away from losers. With the help of the laws of probability, the casino calculates the win-loss ratio of each bet. Then, based on this ratio, or true chances, it calculates the probability of payments to gamblers. The actual amount of payments is usually lower than that calculated based on true chances. This ensures that with a sufficient number of visitors, the casino will receive a certain percentage from each dollar wagered.
I: What about superstitions? You know, I played poker a couple of times wearing my good luck socks and won.
R: Perhaps, the biggest mistake of novice gamblers is to bet based on superstitions, premonitions, etc. — but not facts. I can assure you that poker superstars such as Howard Lederer and Phil Hellmuth win even when they don’t wear their good luck sweaters, or when they gamble on an astrologically unfavorable day. A skilled gambler carefully analyzes all options during high-stake tournaments or game rounds.
I: And finally, what would you advise if a gambler cannot achieve the desired result?
R: Everyone likes winning more than losing, and hitting a jackpot seems very alluring. But one must remember that it’s impossible to win every time, every day, and every game. It depends on whether you understand the chances and probability, and which games you prefer to play in a casino. Here’s my advice: leave when you are losing money, and never chase losses.
I: Thank you very much, Rhyker. It was very interesting to talk to you and know your opinion.
R: I`m glad to be of service.