Russians Engineer a Slot Machine Cheat that Casinos Can't Fix

Re:Russians Engineer a Slot Machine Cheat that Casinos Can't... by legostormtroopr on Monday February 06, 2017 @03:41PM (#13583659)

Not really, as the odds in games like Blackjack are relatively well known to the point where with a given strategy you can calculate the house edge pretty quickly. For most houses and most strategies, the house has an edge of about 0.3-0.4% which is just enough to make you go broke.

If you can count cards, and they don't use a continuous shuffler you can get this to as good as 0.1% in your favour.

http://wizardofodds.com/games/blackjack/calculator/

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Re:Russians Engineer a Slot Machine Cheat that Casinos Can't... by vanattab on Monday February 06, 2017 @04:54PM (#13584537)

For those intrested games with a low house edge there is a game that beats (counted) black jack's pretty good edge by almost a order of magnitude. If you play craps at a table that allows 100x odds bets. You only bet the minimum on the pass line then the max (100x) on the odds when the point is set. This stratagy lowers the house edge to 0.014%. The only problem is it takes a large bankroll. If the table is a $25 dollar minimum you have to risk $2500 on every round.

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Re:Russians Engineer a Slot Machine Cheat that Casinos Can't... by WorldMaker on Tuesday February 07, 2017 @01:16PM (#13591324)

The casinos are smart enough that all of the bets with the lowest house edge require high stakes to keep it interesting to the house to participate.

Baccarat is always a high stakes game not because it's "fancy" or "exotic", but because it is nearly the closest a casino will let you get to betting on a coin flip, for every player in the game.

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