Dona Ferentes
Pengurus pengatur
- Joined
- 11 January 2016
- Posts
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Boxing?
Boxing?It's the best odds if you know all the probabilities of each hand. Still negative expectancy though (of course).
The only caper with a positive expectancy is horseracing, if you know people in low places
It's the best odds if you know all the probabilities of each hand. Still negative expectancy though (of course).
The only caper with a positive expectancy is horseracing, if you know people in low places
Boxing?
If you don't wish to lose a limb, end up deceased or broke, for the uninitiated, roulette gives the best odds.
Even better than speccies on the ASX or BTC.
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The thing with roulette is that you have a negative expectancy of 2.7% (single 0) and there is no way you can overcome that.If you don't wish to lose a limb, end up deceased or broke, for the uninitiated, roulette gives the best odds.
Even better than speccies on the ASX or BTC.
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Thank you @wayneL .The thing with roulette is that you have a negative expectancy of 2.7% (single 0) and there is no way you can overcome that.
Whereas, blackjack is ~0.5%, IF you understand the probabilities and play to the odds of each hand. (Positive if you know how to count cards but they will kick you out).
My long-term expectancy with horse racing is about +1.5% on capital per meeting.
A lot of punters wouldn't think that as very spectacular but I have jigged my system so that it has an almost zero risk of ruin... And when you compound that, it's a nice little earner while you are drinking Guinness and having a good time.
The thing with roulette is that you have a negative expectancy of 2.7% (single 0) and there is no way you can overcome that.
Whereas, blackjack is ~0.5%, IF you understand the probabilities and play to the odds of each hand. (Positive if you know how to count cards but they will kick you out).
My long-term expectancy with horse racing is about +1.5% on capital per meeting.
A lot of punters wouldn't think that as very spectacular but I have jigged my system so that it has an almost zero risk of ruin... And when you compound that, it's a nice little earner while you are drinking Guinness and having a good time.
It's harder but not impossible for those who are supremely numerate (not me, I get lost with him two or three hands LOL)Most casinos use multiple and multiple decks now so card counting is a bit obselete but blackjack or casino war is as close to 50/50 gamble
It has been a while since I've been to the Casino.Most casinos use multiple and multiple decks now so card counting is a bit obselete but blackjack or casino war is as close to 50/50 gamble
It's harder but not impossible for those who are supremely numerate (not me, I get lost with him two or three hands LOL)
No casino game is 50/50 otherwise there is no house edge, obviously.
There must be a house edge in every game to pay for the staff, facility, and overheads.... It's why they don't like it if you figure out a way to beat their @ss.
Even in horse racing the corporates will ban you as soon as they figure out that you have worked out a positive expectancy.
Thank God for Betfair... Being a commission model, they make most of their money from winners.
It seems that the hand of control is starting crush cryptos.ASIC talking about "regulatory responses" to the cryptocurrency market and taking "the first steps towards regulating crypto-assets which underlie exchange-traded products."
These potential interferences by "the authorities" may explain BTC fall from grace.The Biden administration is readying an executive order for release as early as next month that will outline a comprehensive government strategy on cryptocurrencies and ask federal agencies to determine their risks and opportunities, Bloomberg reported on Friday, citing unnamed sources.
- The directive would place the White House in a central role overseeing efforts to set policies and regulate digital assets, Bloomberg reported.
- Federal agencies have already been studying or providing regulatory guidance around the digital asset sector for years.
- The Office of the Comptroller of the Currency (OCC), Securities and Exchange Commission and Commodity Futures Trading Commission have issued guidance letters, informal statements and public rule-making efforts to direct how different aspects of the crypto industry should comply with federal law. But these efforts have not been coordinated in a single document or by one agency.
- Biden Administration senior officials have met multiple times to discuss the directive, which will be presented to the president in the next few weeks, according to Bloomberg.
I guess those who invested early and got out at or near the top will be thinking what a great investment.One of the boldest claims advanced to justify the remarkable rise in the value of bitcoin towards the end of last year was that the digital currency was set to rival gold as a long-term store of value.
Indeed, Goldman Sachs even cited these supposed inflation-proof qualities as justification for its eye-catching prediction at the end of last year that bitcoin could hit $US100,000 ($140,000) over the next five years. The investment bank noted that the cryptocurrency already accounted for 20 per cent of what it called the “store of value” market, comprising gold and bitcoin, and suggested that this could rise above 50 per cent.
That prediction has not survived its first contact with economic reality. As the world’s big economies grapple with the highest inflation in decades, the price of bitcoin has tumbled. It stands at $US37,563, more than 40 per cent below its November peak. Meanwhile, the price of gold is broadly unchanged since the start of the year, suggesting that bitcoin’s share of the “store of value” market is down to about 10 per cent.
I think the US gov confiscated gold in the 30s for a nominal fee…@Sean K, Gold also gets stolen all the time. War, famine, plague and crime.
Watching BTC v Gold.
There is a support/resistance line at 23.87 oz Gold for one Bitcoin.
Gold is unfortunately temporarily dependent on BTC's price to an extent.
Gold is generally rising v BTC and it now costs 1/4- 1/2 an ounce less to buy 1 BTC than it did yesterday.
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Trajan a good Roman Emperor confiscated all the gold mines and gold of the the king of the Dacians, Decebalus, when the latter twice crossed him around about 100AD.I think the US gov confiscated gold in the 30s for a nominal fee…
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