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Vegas makes a fuckload of money off everyone who thinks they’re smart but doesn’t understand statistics
by Eji1700 3y ago
Vegas makes a fuckload of money off everyone who thinks they’re smart but doesn’t understand statistics
- shiandow 3y agoThey probably make quite a lot off people who think they understand statistics as well.
- vsnf 3y agoI'd be willing to be that the intersection of people who think this and then choose to engage in gambling anyway, is probably one of the highest grossing demographics that exist.
- TeMPOraL 3y agoIf true, we'll eventually see casinos sponsoring statistics MOOCs or other forms of relevant education.
- IshKebab 3y agoNot just statistic. There are plenty of smart defcon people who understand statistics but don't understand that if you start winning they'll just kick you out.
- buzzert 3y agoNot sure that's true, actually. The usual strategy appears to be to comp the gambler with generous stays at the casino they're a patron of, with the expectation that they'll dump their winnings back in the next day. Taken with a grain of salt, as my only knowledge of this is via Hollywood movies. It does make sense from a game theory perspective though.
- kuboble 3y agoThey don't kick you out for being lucky. The only reason to kick you out would be if they believed you somehow have an edge on them. The customer who got lucky at first and is willing to try to be lucky again and again is the best customer for the casinos.
- jeltz 3y agoI am very doubtful. Outside sports betting (where you can actually outsmart the house) we loved winning players when I worked in online gambling. Winning players are much more likely to return and lose more than they ever won.
- sph 3y agoThere are only two types of people: those that believe they can outsmart the house, and those that never gamble.
- yreg 3y agoIf that was true, the house wouldn't throw people out for suspected card counting.
- stavros 3y agoAka "we don't want you here because you might win".
- darkwater 3y agoIf they threw you out, you clearly didn't outsmart them.
- TrickyRick 3y agoNot really, no card counter goes unnoticed forever. It's about making sure you get enough time to play when the count is high that you manage to earn money. If you're curious about the life of card counters I can't recommend this YouTube channel enough: https://www.youtube.com/stevenbridges https://www.youtube.com/stevenbridges
- yreg 3y agoYou don't always get thrown out. Part of the game is monitoring the atmosphere on the floor and behave accordingly in order to not get thrown out. Even if you do get thrown out it is already after you have won some money thanks to your edge and therefore 'outsmarted' them.
- c0pium 3y ago> You don't always get thrown out …because it’s actually extremely difficult to do with the countermeasures casinos now use, more decks and random cutoffs. Letting you try is very profitable though. The whole environment part is of course not useful. None of the monitoring happening where you can see.
- jghn 3y agoOr people who understand the statistics but find it to be fun and do it anyways