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best odds online gambling Reddit - gtaonline - Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies The last days 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.
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.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.
This is a percentage that you have no way of influencing.
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.
Now, 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, samurai in slot best ffxiv for them, the expected average works out a lot sooner.
In short: the house always wins.
When looking at the house edge, it is always the expected long-term average that determines an expected result.
But 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.
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 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.
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.
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.
If you lose that bet, you're 100,000 chips in the hole, with no way to recover that.
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.
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 best poker app for iphone, 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.
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.
This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.
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.
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.
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.
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.
This is because it only pays out 6-1.
You don't have to think about why, 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.
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.
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.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.
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 therefore be to stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table allows 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 craps table in vegas 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, so it won't matter if you win or lose.
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.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.
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 opinion, pokemon red slot machine with best odds interesting 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 6and 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: 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.
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.
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.
Each horse gets one third of the raffle tickets, giving them an equal chance to win.
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.
Only with six runners that amounts to 120%.
This means your horse's chances are reduced from 20% to 16.
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.
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.
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.
Add those up and you land on a total of 140.
This means that the actual winning chances of the horses are decreased by 28.
A horse at EVENS will only come in as a winner 35.
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.
Odds at 5-1 represents a winning chance of 16.
Add these six horses together, and you only get 52.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled!
So the 5-1 favorites will now win 31.
When betting on this field, the expected return on your bet is 191.
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.
Or bet the minimum, if you can't skip or refresh the field.
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-casewith 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.
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 I haven't seen a reply yet.
But again, if anybody out there wants to re-do the numbers, and comment with any corrections, I will be happy to edit this post.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
So don't forget your daily spin, it's definitely worth your time.
Questions, comments, feel free to add your input to this guide.
You should expect to lose in the long run.
The house always wins.
Great post, this should be pinned for a week while the dlc is still new.
Can confirm that horse races seem bugged aswell, made 7 million so far playing it and dont even touch the other games anymore.
Well not really, I made a post about this exact thing yesterday where I lay out my strategy.
Although im not a very good writer so it might look a bit messy and some clarifications are in the comments instead of the main post.
It's not really a secret.
Basicly I only bet on the number 1 horse and only on the races where it is the clear favourite to win with a good payout.
Just look at the odds for horse 1 and 2 and you will quickly see it makes no sense that the favourite horse to win 1 can pay 2-5 times your bet when theres a finite amount of horses in the race and one of them always wins.
I made a post about it.
Ive never seen the 1 lose in those races I have.
Started with 72,000 chips and ended with only 120,000 chips.
While it was a profit, I had lots of losses.
I jumped from 72,000 to 120,000 in like the first 10 to 15 minutes but then kept winning losing over then next half hour and couldn't gain anymore.
Betting on fields where there is no runner at EVENS is actually better.
So that's why you have had mixed results.
Those are the gold mines.
You're not trying to win every race, you're trying to make the most money per hour.
Yea I tried to explain this in my post aswell but then I ended up spending 2 hours explaining algebra and probabilities in PMs.
When I commented earlier I had over 20 races where the 1 would win.
This is just a fun new way to make good money and enjoy the thrill of gambling haha.
Less than 50% and because of the payouts on races where the 1 horse has odds other than evens you start making bank.
Excellent post, and way more comprehensive than.
Everyone playing in the casino should read this, possibly more than once.
Oh I missed that one, but it's a great explanation from you as well.
I think this whole thing started when casinos started to list the spin history at Roulette tables.
They also do that at Baccarat and Punto-Banco.
Like it has anything to say about what's going to happen next.
But when I go to casinos, I still see people taking notes of the table history, trying to recognize a pattern, and hopefully use that to define a predictable outcome for a future spin.
Look, in real-life casinos, roulette wheels might be biased, the way a certain dealer drops the ball might be biased, I get that.
If you want to go looking for those rarities, go right ahead.
But in software-generated online casinos, there is no such thing.
Yet still people hold on to the same beliefs.
I think it's pretty easy to explain with three aspects of human nature : greed, laziness, and pattern recognition.
We want the economic gain without working hard for it.
We look for patterns, and often perceive them when they don't actually exist.
So if we think that we've found a pattern in gambling outcomes that allows us to gain more with less effort, we tend to latch onto that belief and suffer from confirmation bias.
That makes accepting the reality of independent probabilities difficult.
The fact that some games have probabilities dependent on previous outcomes i.
Blackjack without a continuous shuffle where counting cards is possible just makes it harder for people to separate the reality from their superstitious belief that they can beat the system.
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 find a way to skip the race, if that's a possibility.
You can skip it, while looking at the odds of the horses before betting, just back out twice and re-enter the game once you see your character sitting down, there will be new horses with different odds.
You don't lose a dime doing this.
This is why Inside Track is THE money maker in the Casino: Only bet on those horses with the best possible odds of winning, back out if you can see that the pool has no clear winner from the get-go.
I get shorter payouts but way more chances of winning like this, yesterday I walked out of the Casino with half a million.
I'm confused about your horse racing stuff.
I am doing a bit of an experiment.
Out of 75 races, horse 1 wins just over 60% of the time.
With max bet this is tedious but profitable.
We need more data, but I read this post today, and even though the sample size is still small, it does imply that you can grind out a steady profit at Inside Track: But you need to understand that betting on a race where there is no horse at EVENS is always more profitable.
You're not going to win every bet, but when you do, you get paid a lot more, so in the long run, say after thousands of games, you'll end up with more profit.
Ahh, the profit ratio is what I was missing.
I wonder what the percent is on that.
I just finished my 100th race and my strategy nets a win 62% of the time so far.
It's slow but it works.
I'm looking forward to seeing more data so I can switch to a better strategy.
I just quickly implemented your strategy, and for the last couple of races, it definitely holds up.
This is great info.
I love that you prefaced it the way you did.
It is important to clean up some of the misinformation out there.
You wrote a guide not just about tHe FaSTeSesT wAy tO MaKe MiLiIOns iN bLaCkJaCk!!!!!
There are simply too many easily-influenced young people out there and their first impressions of gambling should not be the consequence-free-zone of the Diamond Casino and Resort.
You obviously put a ton of time, effort and research into your work.
This is the kind of information the community needs and if it helps even one person better understand the ins and out of gambling and problem gambling then it was all worth it.
I work in a bar with 30 video slot machines.
I see all sorts of compulsive and degenerate gamblers every single day.
Many of my customers babble about the same nonsense.
Thank you for your comment, as well.
But that there is no supervision, no way to signal problematic gambling behavior, with minors especially, is troublesome to me.
Yes, they can legally hide behind the 18+ label and whatnot, but seriously, who's kidding who here.
My kids are 10 years old.
They also play GTA.
There are millions of kids out there playing this game.
The amount of casino-related memes posted here should be testament to that.
So when temptations like this arise, and their Youtube heroes are dishing out losing tips and calling it an "ultimate guide" about gambling just for clicks and views, I see a serious problem developing.
So that's why I had to https://sellingonthenet.info/best/best-free-casino-games-for-iphone.html into my pen, so to speak.
For me, I'm just a numbers guy.
As many others, I started looking into that unicorn dream of "beating the house", because let's be real - that would be awesome.
During my computer science studies, I programmed some simulations to try to find any strategy that would be able to beat the house.
To no surprise of anyone, it doesn't exist.
The most favorable games are click and video poker, because they are the most complex.
They demand the most from the player.
But still, under even the most favorable conditions, you will never be able to beat the house - not counting of course member bonuses, free drinks, and other perks that befall the regular gambler, that can result in a net positive over the evening, despite it being breadcrumbs.
If that's the type of life you want, click the following article a question for another day.
I've ended up working in the gambling industry or "gaming" industry, as it's more softly labeled for the last 20 years, and like you, I've seen all the highs and lows that you can imagine.
And believe me when I say, you don't want to see people hit that absolute low.
I just hope that people will be more educated about this stuff, and realize what they're getting themselves into.
I'm perfectly happy in a casino, betting minimum wagers, joking around at the Let It Ride tables, enjoying free drinks, flirting with that blond dealer chick, you know what I mean.
Sure, I'm losing money in the long run, but that half-of-a-bet an hour is more than paying for an evening of fun.
It's simply the cost of an evening of entertainment.
And that's how people should look at it.
Anyone coming to a casino with a serious plan of walking out a winner, and willing to risk huge amounts to do it, will not end up in a happy place.
That's just slots golden nugget lake charles fact.
Many parents have used video games specifically as a "digital babysitter" and don't stay informed or engaged with their children's games.
That is where the problem happens.
I absolutely applaud you for making this post and your followups.
At the same time I want to say something to people who are unaware that their children are gambling in a virtual casino.
Hopefully their wins evaporate in the long run and they learn that best odds online gambling can't actually beat the house now and before they develop an actual addiction to gambling.
And hopefully their parents are aware and monitoring the situation, though I think we both know that a lot of parents aren't.
Thanks for your reply.
I don't understand why this stuff isn't being talked about in schools.
They talk about sex, so teenagers don't get pregnant at age 15, they talk about drugs and alcohol, to warn them about the dangers of addiction, etc.
Why not teach them about gambling?
Luckily for me, the gambling games in GTA are blocked where I live, so I don't have to worry about my kids becoming problem gamblers just yet.
But for their sake, I am monitoring what their favorite Youtubers are talking about, and that's how I came across this issue, and felt the need to write about it.
Because the amount of misinformation that has been put online the last few weeks about this subject is astonishing.
I don't understand the "Charlie Strategy" chart.
What do the numbers across the top represent?
I think that's the card that the dealer is showing.
That's the dealer's upcard showing.
The combination of the two defines your strategy, which you can look up in that table.
Sidenote: as you can see in the game, the dealer has already checked his hand for Blackjack before it's source turn.
So under these house rules, whenever he has an ace or a ten showing, he will not disappoint you by simply turning over a Blackjack after all your betting is done.
This is different from many European casinos, where the dealer only checks for Blackjack after all the betting is finished.
And therefore, on these tables, you should be more careful with splitting and doubling down.
An early check for Blackjack by the dealer is favorable for the player.
Thanks for the explanation.
I kind of figured it out for myself after comparing it to the other chart.
I looked at the bottom table in that chart for about 10 minutes trying to figure out why anyone in their right mind would hit on an 18 when 1 or 2 away from a charlie but then I realized that is only in the case when you have an 18 because of an ace.
This comment might not get read, but if the poster reads this I just wanna say thank you.
I followed a strategy by a youtuber blindly that was only partially correct.
Educating me about the math helped me understand it.
Great post, I'd give you gold if I had any money to spare xD.
I'm not sure if this is what you mean in the horse race section, but if you're playing solo races simply exiting the screen without standing up and going back into the computer again will reset the race with different horses and odds.
If that's true, then that's great.
It greatly increases your hourly winnings, because you can just back out until you find the most profitable games.
And then max bet the hell out of it.
I couldn't test that myself, unfortunately, because the GTA gambling games are banned in my country.
But this is great news, so thanks for that.
Thank you for this guide!
It's especially nice of you considering you can't even participate with us.
I use this when paying the insurance fee from mk2s -Don't bet money you're not prepared to lose, -If you don't understand a game, don't play it, -The house always wins, -Remember your kids and your mortgage, they always come first.
I understand that you are concerned and that the second point is probably referring to games or instances where something substantial is at stake, however the fourth point will not apply to everyone simply because they do not have either children or a house.
I would also think that it would be better for them to realise the worth, immaterial worth, that they have in themselves rather than explaining their worth in dependence to others.
And as you commendably reminded the developer and publisher of this game about their responsibilities regarding an assumed substantial player base of theirs being minors, how can it be that you at the same time acknowledge, not to say accept that your two children around the age of ten play this very game?
This seems rather conflicted.
In regards to the house always winning, is it that easy?
I mean, you mention that the horse racing mechanic may be faulty.
It seems that a reasonable kind of coincidence may not be easy to be implemented in code or even defined and this would make for an interesting additional perspective.
Those trying to get hold of a certain blue shirt in the game may have a few stories to tell about this.
Finally, did you not fall into a trap yourself by devoting a whole chapter on how said horse racing mechanic may be faulty for the time being, which not few players may take as an incentive to take advantage of this and likely so excessively?
The fourth point refers mostly back to the first one, where you shouldn't be risking any money that you need for more important things.
Once people cross that line, they're quickly headed to a world of trouble.
I don't have to worry about my kids gambling in this game, because where I live it is region-locked.
In regards to all the violence, I believe that that discussion was already held when this game was released six years ago.
Fortnite is also a game for children, yet the concept is to shoot each other in the face.
I guess that's just the world we live in now.
Yes, the house always wins, because they take millions of bets per day.
For every smart guy who plays "perfect" Blackjack, and beats the house for a couple of bets, there is also the sucker who just gambles without any strategy, and gives his money away.
The house doesn't care who wins and who loses, they are only looking at their bottom line.
Same goes for the horse racing game.
Most people will still not be aware of when you have a winning bet, and when to pass up on a round.
They just bet on every race, and end up a loser.
Rockstar will only be looking into this when their numbers show that the house is actually losing money on it.
I don't see it as bad advice to tell people about a game mechanic that is guaranteed to make you money.
I also made sure to mention that this is not happening in real-world casinos, just click for source you will never at best choctaw casino slots a profitable horse racing machine.
Look at the horse in slot 2.
You'll see new horses.
Bet max on horse one.
Do this over and over.
Thats not what is being said though.
What is being said is that you should look at the two top ones and have them as high as possible on both of them.
That way, the percentages of winning becomes higher than what it actually says.
Races without a horse at EVENS pay better.
The higher the payout odds for the two favorites, the better.
You're not looking to win every bet, you're looking to make the most profit per hour.
This worked like a charm.
Went from continue reading to 500k in about an hour or so, perhaps a bit more.
The only horse i looked at was horse nr 1.
This way i went on loosing streaks of 10 to 15 games at most which surprised me, but i was lucky with a few wins early to put me over 150k early.
I noticed horse nr 1 would do worse if i only bet on horse nr 1, but that might be just me being suspicious about rockstars coding, but i started varying between betting horse 1 and 2 and it felt like it increased my chances of winning.
Your expected profit is the same for all 6 horses - in the long run.
Only the variance is lower when you bet on the favorites.
The up- and downswings, if you will.
They are also profitable enough to play, and will result in lower swings.
I dont mind the swings.
Thank you very much for this great insight.
I think you are the best source of gambling info on the internet when it comes to gtao.
Oh, i just thought of something.
I just wanted to report to you and ask you, i won 250k in one hour, would you concider that good bad or average.
Each race this web page 25 sec plus 10 to 15 sec to find a race.
This time, it would not let me go above 250k winnings, and i would only win after losing enough to not exceed 250k if i won.
Horse nr 3 and 4 won more often than horse nr 1, and i even checked for odds on the horses and skipoed races where horse 3, 4 best odds online gambling 5 were low payouts.
I won the first 200k in the first 10 minutes and didnt exceed 250k winnings for the next 50 minutes, so it was very boring and suspicious.
When I analyzed a small sample size of races, I came at about that number, 200k per hour, so I'd say it's pretty decent.
I was only explaining the mechanics.
It's all relative, though.
The larger the difference between the second and third horse and subsequently the fourth and fifththe more likely it is 1 or 2 win.
As if the RNG is rolling a uniform distributed value by which the larger roll, limited by stated odds, wins the race.
It appears to me the code dictating the outcome is probabilistic, as it should be, but that the outcome odds are not calculated properly.
Sweet Jesus this is a titan of a post.
Based best odds online gambling the info in your post i don't see the Casino to be any more profitable than all the other money making options already available in the game.
I was originally doing just Evens but this new method is working much better.
Also betting on Creepy Dentist whenever he pops up Thank you for your comment.
Unlike certain Youtubers who shall remain anonymous, who made a video yesterday called "Ultimate Guide", and then started off by saying that they're "still trying to figure out stuff", before continuing to tell kids how to gamble in GTA, while having not a touch of a clue what they're talking about.
That's what triggered me to write this down.
So hopefully this reaches enough people, to get them educated on the subject, and prevent them from making the horrible decisions that I have witnessed gamblers make throughout the years.
I got spooked right out of the gambling delusion when I saw my friend, who had not gambled once in his life, suddenly going from 700k chips to being broke in less than 2 hours.
He promptly quit right after that, and I have nothing but respect for being able to quit like that.
Most gambling addictions occur with people who win big on their first visit.
That's why these casinos also offer these crazy incentives to get people into the door in the first place.
Gamblers who experience that mostly think they've re-invented the wheel, and believe that it's going to happen every time.
They will be coming back to chase that rush, that they've experienced on that first fateful visit.
The best thing that can happen to you, is lose a shit ton of money on your first visit to a casino.
Then you're cured for life.
I live in a country where I can't sit at the tables in GTA, so I can't say.
If you can tell me what the max bets are on the ante and the pair plus, I can give you a number.
Are you allowed to play the ante for only 1k, and the pair plus for 5k for example?
If you hit me up with those numbers, I'll get the rest.
Impressive that you took the best odds online gambling to write this useful post, yet you can't even play the casino games in your region.
Have you thought about using a VPN so you can at least give the games a try?
Yes, but I can't be bothered, really.
None of these games are appealing for me.
The only thing that I would have liked to have is access to the daily wheel spin.
It's a shame that they also blocked that off, even when you're not risking anything to spin, because it's great value.
I agree that the daily wheel spin is not gambling, and thus should not have been region locked.
It is unfortunate for adults who may have been interested in participating but the lucky wheel is a clear case of gambling according to the definition that no task of knowledge is involved and strictly speaking this would also apply to the other wheel.
If they were to adhere to this, how to say, double standard, they would need to amend this new wheel because of its chips payout, which altogether probably would have been too much of a hassle.
So for Pair Plus: You get 1 to 1 for a pair, 4 to 1 for a flush, 6 to 1 for a straight, 30 to 1 for a three of a kind, 40 to 1 for a straight flush.
Minimum bet on ante and pair plus is 10.
Maximum on pair plus is 500.
Maximum on ante is 5000.
Ante Bonus pays 1 to 1 on a pair 4 to 1 on a three of a kind 5 to 1 on a straight flush.
And what are the click to see more on the high roller tables?
And betting 100 on ante and 5,000 on pair plus is a possibility?
I saw NPCs with 10,000 chips on there, but I'm too broke to play, aha.
This would be helpful if I didn't already find an exploit to make the house always lose.
If you do win back out, change clothes to force a save, then repeat.
Personally, I find poker to be the most profitable because there are quite a few chances to gain more than what you bet Just bet 50k on blackjack.
If you win, change your hat and keep playing.
If you lose, close your app or quickly turn off internet.
Seeing the misconceptions people hold about gambling and randomness, this post does a great service.
One thing I would add is card counting and how it is negated by the continuous shuffle, just so people don't get any false notions about being able to sway the odds in their favor.
The true gambler's paradox is that all the dumb people that you reference in this post are too dumb and lazy to read and learn from any of this.
Good fucking work my man.
The other day I went from 50k to 1.
I definitely noticed it was a streak and stopped when I fell back to 1 mill.
It was nice and easy profit for limited work.
Doesn't always work out that way but that was a great day :P Well done!
Excellent post and a very good read not only for the game but for real life.
Thanks for taking the time to put this together.
Can confirm that racetrack is very profitable.
Very thorough and informative.
Having worked in a bookmakers for several years I understand that the house always wins.
These games are not fixed and if you can't understand odds then stay away.
Well, there's 36 numbers.
So if you bet on a number, that's 1 out of the 36.
There are 35 other numbers the ball can land on plus 0 and 00.
It's not surprising that you will lose in the long run.
You just have to get lucky.
The odds are determined based on the percentage chance that you will win.
Bet 100 win 100.
So you get back a total of 200.
I watched a video yesterday on YouTube of some guy explaining how to become a millionaire in the casino.
He forgot to subtract his stake from his total winnings.
Did you forget you just staked 10,500 so your actual win is 9,500.
You might walk in and place down 2000 on a number and win immediately.
If you leave and never return, you've won!
If you stay, you're almost guaranteed to lose your money.
The same principle applies to all games.
There's no timer or number of spins before you the game decides its time for you to win.
What annoys me is when you get kids and people who don't understand this simple concept, complaining that it's rigged.
OMG, i made this account just to say thank you for the inside horse part.
I tested it myself, bought 20k which i assume is the region limit cap in my phillipines vpnwith 1k bonus.
I went in and did some calculations based off your post.
After an hour a half, i made a profit of 74k, betting 2k at a time.
If you calculate the probability of the bet and it's over 1 ex: 1.
If your bet probability is lower than 1 then you want to take a shot at it.
Keep in mind you do lose eventhough you have a higher chance and vice versa but you still overtime gain some money if you are smart about things.
The calculation is just so you "stay away" from the possibly unfavourable bets.
Benefits of this "trick" is that overtime you actually make a profit, yes you do lose and the horse with worse odds might overtake your bet one.
The BIG disadvantage is that it's absolutely tedious, grindy and tiring.
I constantly have to use my calculator for quickness and not to mention if you are gonna bet for profit, it's super inefficient as you can do some jobs and easily get more.
It's fine as a change of pace as i had been grinding the Bogdan glitch before this but after an hour and a half i'm kinda tired maybe because it's late at night here also.
That is it guys, if you wanna gain some steady profit just clicking buttons, you might be interested in doing this!
Thanks for the comment, good work on your calculations there.
If it's too tedious to grab the calculator each time, you can also just stick to the races which are guaranteed to be profitable.
Sure, you're not going to win every race, but it will make you the most money per hour, and that's what we're after.
I have created a Horse Racing spreadsheet that helps me decide if the race is worth it.
Place the number of horses in the race column C for each odds.
Then it will calculate whether it's advantageous to bet by the color of the Sum cell D32 Based on your logic for the horse races which seems valid I made a quick odds calculator for any given race: This calculator takes the input spread and gives the expected payout in percent of bet over the long haul.
Using this you can find a spread with a good 1-4 or 1-5 in first and a good long term spread and as long as you have the bankroll you should be able to beat the house.
The color of the payout box turns red for house favor races and green for player favor with more intense colors indicating strong leverage.
Edit: I ran the numbers and it seems the best case is 190% return lowest in each bracket and the worst case is 71.
However, with this spreadsheet I've actually disproven the theory of evens vs 1-5 since that does not guarantee greater than 100% odds.
You require poor odds from the rest of the field to get there.
Additionally, the worst scenario for two 1-5 horses is 135.
For horse racing Based on your maths and my knowledge of statistics and a sample of 50 games: Randomly clicking horses gets at least 95k an hour as the expected profit per game is 21.
The expected profit reaches 30.
It looks like Rockstar fixed the games this way as the profits are in the region of what you'd expect from other parts of the game.
I really enjoyed this guide, and am currently horse racing while browsing the web.
Tagging you in this post in case you find it useful.
There are other ways you can refine it ie.
Yes, that's a great rule of thumb you have there, thanks for commenting.
My "luck" is article source I can't play the casino games where I live, so I couldn't test how long it takes to back out of a race, and how many times you need to re-enter on average, to find a profitable game to bet on.
So I can never figure out where that sweet spot lies, to max out the hourly winnings.
Not even a 17.
You have a good score.
Just stick with it.
The chances of busting are just too high.
You have a higher chance of winning just staying in the game, and hoping the dealer busts.
That's what computer simulations have taught us.
They've ran the numbers.
Remember, the dealer has already checked for Blackjack.
So with an Ace or Ten showing.
You already know what's NOT under there.
A few exceptions, of course: -Two nines can be split on a few occasions, as you see in the chart.
The chart says you can gamble for another small card against a nine, ten or ace, to go for the 7-Card Charlie instant payout.
Just always have the strategy chart nearby, so you can quickly look up what to do: Nice catch on the horse races.
I didn't even check it out because I was sure it was same as other negative expectancy games present at the casino, but there isn't actually even math to check, if it actually happens race where payout ratios add up to less than 1 then it's profitable.
Unless win chances are not multiplied and instead the "extra" win chance is applied to random horse or something, possibility of which can't be completely dismissed.
Since the post is month old already, have you got any response from RG support by any chance?
I finally got a reply about 3-4 weeks ago, saying they were still looking into it.
I expect this to be patched sooner or later, because no casino game is supposed to be profitable.
So use it to your advantage while you still can.
If it's above, don't bet.
To simplify further: Do not bet max when evens are on the board.
Bet max on the lowest odds if there isn't a tie.
KIDS: DON'T PLAY BLACKJACK, DON'T PLAY POKER, DON'T PLAY SLOTS.
ONLY PLAY THE INSIDE TRACK AND ONLY BET THE 1 HORSE.
After doing some testing, I have come to the conclusion that whatever horse I bet on has a 100% chance of losing.
You are right on most the points.
When it comes to gambling or money involvement.
We are playing 2 kinds of games at the same time.
Always set a limit on how much you WILLING TO LOSS and walk away when u win, few times in row, etc.
Normally 4-5 losts in a row, i will walk away.
So will 2-3 win in row.
Due to the above method, i can take a break, re-strat and come back to table without breaking the bank.
As GTA Casino is virtual, the cards or slots can be easily manipulated.
As a parent you are worried about 12 year olds developing gambling addictions from GTA??
What about unsafe sex?
Copious amounts of misusing alcohol and drugs?
Both illegal and prescription.
An overwhelming amount of violence and crime??
Maybe we shouldn't be letting 12 year olds play this game at all.
Otherwise quality content OP.
It's really neat seeing all these numbers.
The point is that it's already out there.
Popular Youtubers posting horrible gambling advice to minors, because of this GTA update.
Suggesting that stepping up to a roulette table is actually a way to make money.
There's no way to stop that.
Least I could do is educate these people, and hope that they in turn will educate their audience.
Bet max 50k if you win force a game save.
If you lose close session and load back in, rinse repeat and profit.
Don't like the 50k limit no fun in that.
So I do this to make around 1-2 mil in chips and then we go lose it all on horse bets and roulette.
I have over 400 mil earned legitly in the game so 50k limit is terrible for us super elite high level players.
If your anlevel 675 with a half bil in your bank it should be like 250k-500k limit every 48 minutes.
Should be based on level and in game cash.
Only takes 30 mins of closing and reloading to make a mil in chips, loads fast on PS4 pro into invite only sessions Soft means you have an ace.
Which counts as 1 or 11.
A soft 17 is an ace and a six, for example.
You can always hit that, because you can never go bust.
If you hit a ten, your ace with 11 points will turn into a 1-point card.
Then, with a 1, 6 and 10 score, you will have a "hard" 17, and stand.
Great guide, really informative.
To clarify, when should you place a bet on the horse racing?
And when should you reload?
But in short, two HEAVY favorites like a 50% runner at EVENS and a 33.
This means that their actual chances of winning will be scaled down, and therefore, any bet on any horse in that race, will be a loser in the long run.
Because they will not pay according to their expected price.
Those are always extremely profitable.
The two horses with the lowest payout odds come from the pool of favorites.
I love the work you putting into this but I just want to play blackjack bro If I want to earn money I'll just do 5 quadrillion export missions ive won a million dollars since yesterday morning doing what you suggested for the horse racing.
I put the two blackjack tables together and added some explanations to make it easier for everyone to read.
I meant it more like to copy it onto each other, like this: Just to make referencing the chart as easy as possible.
I think they fucked the horse races, using your strategy I can only do about 50k better than break even.
I'm too much of a loser to put in effort on the other games and I just run deity of the sun 2500.
Was an extremely interesting read however so thanks!
I have never played any gambling games before, but from what I know up to now about Roulette, my calculations conclude that the Martingale System works I have only calculated it with a starting bet link 100 Chips and a table limit of 50000.
Once every 625 spins, on average, you will lose ten times in a row, and then you're screwed.
The more you play, the more you can expect this to happen to you.
I can say that I have not been to any casino in real life, I have played pkr which is 3D game of poker but I only played with play money, i didn't use any real money.
I also can say that the only reason I am at the casino wanting to make chips in gta 5 online is because of the penthouse decorations you can get in the casino store for chips otherwise I would not be there in the casino playing it's games First of all your 12 year old child should not be playing gta 5 at that age.
Its not a game for kids.
Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower.
Could you please help me with what you mean by "high card queen-six-four and "high card queen-six-three"?
For example, how would a K-3-7 fit into that?
You should order your 3 cards from high to low, and then decide.
K-7-3 is a high-card king, and always better then a high-card queen.
You will only bet on any flush three of the same suitany straight three in a row, from A-2-3 to Q-K-Aany pair+ two or three cards of the same rankand any hand with an ace or king in it.
The queen-high hands are borderline, but you will bet on most of them.
A queen with the second highest card being a six, and the third highest card being a four, is the lowest combination you bet on.
A queen-6-3, queen-5-3, queen-4-2, etc, should be folded.
Any lower combination like jack-seven-deuce, ten-eight-four, etc, are garbage cards and should be discarded.
Okay, so the horse betting is where it is at.
I love your post, but I think it would have been helpfull with a bit of caculation as to the chance of winning from a horse.
It took me a while to understand that the 5-1 is NOT a 20% chance but a 16.
Definitely saving this to reference in the future.
What's the dollar value of 5000 RP though?
It's all I ever seem to land on.
Fantastic breakdown, really appreciate it.
Do we think they've fixed horse racing to be less profitable or is it still a gold mine?
Wonderful post and detailed information!
I have troubles with setting my limits before I start playing.
Actually, I have some limits before playing, but I get excited and can lose more than I planned.
Does your Inside Track advice still apply after the changes they have made to stop autoclickers?
I've been betting only the favorites and only high when the favorites are a good combo, but haven't been gaining.
slots netent best paying working with him right now to do so.
So far the horse racing seems to not have been changed but he'll have to run the numbers.
I tried this out just now in GTAO.
Cashed in my chips down to my original starting pool, started over again.
This took about 30 minutes.
It's boring as hell, but it seems to work just like it did in GTA:SA.
This post has made me so click at this page money in GTAO.
There are definitely ways to make more money than gambling on horses but this method is still the best IMO since it's super afk and you can do something else in the side while getting solid cash.
Thanks so much for the post!
My blackjack chart for this game is accurate as well, and contains detailed house edge calculations.
My calculations put blackjack with these rules at 0.
What does OP think about this?
I played 2h30 hours of Blackjack, the 1st hour I entered with 250k and left with 2.
Then I cashed out and did something else, played 30 mins, went from 500k to 1.
This last time the house had so much luck always not-busting even when I had good numbers I followed your image guide That's 1.
Do you care to explain?
Over the long run years and thousands or millions of handsyou will lose over the long run.
If you play properly, you'll lose a lot slower, but you'll eventually lose it all back.
I have ran some computer simulations of my own back in the day, and in Blackjack, to land on the exact percentage of 99.
I don't believe anyone will ever make that in a lifetime.
So until then, it's up to the gambling gods to determine which side your coin will land on.
The only thing you can do, is know the percentages, and then always follow optimal strategy, to give yourself the best chance to get lucky.
Right now, you're riding a lucky streak.
Enjoy it, but don't expect it to last.
And also, don't expect to start losing more, just because you won recently.
The game is not going to punish you or something.
It doesn't have a memory.
Every hand is a new one.
Meaning, the larger your sample, the more likely you will be close to the expected average.
But it doesn't mean that you are going to lose more.
But it can still be there.


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COMMENTS:


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Total 5 comments.