Earlier quoted context omitted.
There are user defined functions with parameters and locals.
Why have subroutines then?
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Monte Carlo methods – Why it's a bad idea to go to the casino
161–170 of 170 posts
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#162Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#163Earlier quoted context omitted.
You can bet Don’t Pass and have everyone glower at you, but have even better odds.
People also glower and complain when you play perfect strategy at blackjack ... most people are utter shit at odds and statistics in a distracting environment like a casino.
My strategy used to only play perfect blackjack strategy at the very rare $5 or more typically $10 table. But it's not even fun when people get pissy about when they think you "messed up the cards." I've tried to explain and realized not even worth your breath.
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#164Earlier quoted context omitted.
From what I've read, casinos are perfectly happy to let you count cards in blackjack. The advantage you get is so small, that even a few mistakes per hour means you'll lose a bunch of money. It's only if you count cards and win that you get kicked out.
Count? Yes. USE the count? Typically no, unless you're betting very small and consistently. Basically, the way to annoy them and either get kicked out or only allowed to flat bet is to vary your bet size with the count (E.g. bet a lot when the count is favorable, and the table minimum otherwise). That's the only way to really make money counting. Much easier to detect these days with the eye in the sky. You can use t…
If you use he high low system it's a +EV bet to take insurance when the count is +3. At that point the probability is greater than 1/3 that the dealer has a 10.
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#165It's more complicated (worse) than this. That the house has a small edge only tells a small part of the story. When people go to vegas for a weekend, they might have a number in their head they are willing to gamble. If they dont, then that number is their bank account balance. Then they start flipping coins, and often they keep doing this until they go bust. They rarely cash out when up but they always lose when the…
It's mind-boggling how gambling is legal.
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#166Earlier quoted context omitted.
If you found no difference on number frequency, it's the uniform distribution, not normal (a.k.a. gaussian) distribution. AFAIK uniform distribution means any number is equally likely to be drawn, regardless of distance to your other picks. Just to check if I got that right: does that mean that playing 333333 and 666666 in a 6 digits lottery had a higher chance of winning that picking 333333 and 333334? If so, why? A…
Yes, I meant uniform distribution. My method was to give it a higher chance to have a lower gap between the numbers to see if it would make a difference within a montecarlo simulation and it did. So if you have say 16 slots and you need to choose four numbers, according to my simulation, highest likelyhood of winning is to spread out your numbers like [3 6 9 12] or [4 7 10 13] and lowest likelyhood of winning is to s…
Huh, that's unexpected. I'll try to reproduce it, thanks!
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#167It's more complicated (worse) than this. That the house has a small edge only tells a small part of the story. When people go to vegas for a weekend, they might have a number in their head they are willing to gamble. If they dont, then that number is their bank account balance. Then they start flipping coins, and often they keep doing this until they go bust. They rarely cash out when up but they always lose when the…
Sadly, people do the same in the stock market too. And I’ve seen the same result - lots of tails crushing someone’s financial future.
Sad how prevalent this is. At least I have to fly to Vegas - the stock market is on my phone.
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#168Earlier quoted context omitted.
Yes, I meant uniform distribution. My method was to give it a higher chance to have a lower gap between the numbers to see if it would make a difference within a montecarlo simulation and it did. So if you have say 16 slots and you need to choose four numbers, according to my simulation, highest likelyhood of winning is to spread out your numbers like [3 6 9 12] or [4 7 10 13] and lowest likelyhood of winning is to s…
Huh, that's unexpected. I'll try to reproduce it, thanks!
Would love to hear about it!
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#169Earlier quoted context omitted.
the emotion you feel in the movie or buying any product is the product. The emotion you feel in Roulette is not because you find roulette spinning beautiful but because you think you can win money when you can't. I still don't understand
> The emotion you feel in Roulette is not because you find roulette spinning beautiful but because you think you can win money when you can't. I still don't understand Sure that emotion is simulated, you won't actually win money. The same is true for the emotions you feel during a movie. The fear you may feel in a horror movie isn't real, you aren't in any danger. In both case though the emotion is really there and t…
In the movie you are certain that this is not happening. In the roulette your mind actually thinks that you won. When you win $500 in the roulette you think you have won whereas you actually lost money by playing and you are riding some random fluctuations. Few people can intuitively understand the concept that when you win money at the roulette you actually lost $0.2 per spin in a $1 roulette multiplied by the times you spinned.
Re: Monte Carlo methods – Why it's a bad idea to go to the casino
#170My experience of going to high-end casinos, mostly in London, is that: - Many players were plainly cheating in some way, by marking cards and sometimes colluding with the dealer, but the casino didn't appear to mind because they were cheating in an ineffective way and still losing money to the house edge. - (Related: you would just be banned if you won an amount of money that showed you were beating the house edge: s…
European casinos I have found to be boring compared to American casinos. A craps game in an American casino can get raucous in a good, exciting way. Even more so at a 'cheap' American casino. Contrast this when I was at the Monte Carlo casino in Monaco where they somehow sucked the fun out of craps.
Las Vegas-type casinos are definitely selling entertainment.
European casinos seem to be selling something else.