I have been hearing that mathematics tells us that casino games with house edge/negative expectations are unbeatable. I asked many that which book of mathematics says so, none answered so far. I am not any scholar of mathematics but Math was a subject of mine till 12th class. I read algebra, geometry, trigonometry, calculus, probability, statistics and basic arithmetic but never heard of any such concept in text books, at least. Fortunately or unfortunately our schools do not teach us casino odds or gambling theories.
      Is the concept of games being unbeatable a theory or a law?
Wikipedia says that: Online slot games often have a published Return to Player (RTP) percentage that determines the theoretical house edge. Some software developers choose to publish the RTP of their slot games while others do not. Despite the set theoretical RTP, almost any outcome is possible in the short term.
It means one can win, even in slots.
Mathematically, only one thing is certain about the casino games(with house edge or negative expectations) that if you keep betting 1 unit consistently on any bet, you can not win, in the long run due to that. I admit and accept this as pure maths.
   Can anybody enlighten me with mathematical concepts that I am unaware of that confirms that a gambler has to lose in a casino game in the long run, whatever he choose to bet or howsoever he bets?

These Pseudo mathematicians know that you can not win in casino due to the house edge. To make some analogies to the real world, the math boys argument is like saying that you cannot be profitable in business because you have to pay taxes or like a 105 Kg boxer has to lose to a 110 Kg one. Mathematics and Physics both will support the boxer with 110 Kg weight but we know that skill matters a lot more than those 5 Kg advantage. How about 10 kids of 10 years fighting against a pro boxer of 75 Kg? Both scenario are different but a mathematician may conclude those 10 kids winning against the pro boxer cumulatively.

You are correct. Good skill to gambling is ammunition to combat the variances that cannot be controlled by the gambler. Most gamblers problem is they fail to capitalize well on the opportunities that are presented to themselves, especially at the game I know well, which is Baccarat as I have extensively written about.

You touched on a good point and people like to combat that for the drama. The fact is that all of the mathematical results, it is not that they are incorrect, it is that they do not always consistently apply themselves to the table where the presentments are being made while you are playing.

I have wanted to say this for a long time but given the diatribe that can sometimes be off-putting, I have bitten my tongue for a long time.

What is a house edge of 5% when winning on banker and player having a lower percentage of winning.

Brothers all, for this small house edge, you have the privilege of deciding when you want to bet or if you want to bet at all. And you have the privilege of deciding how much you want to bet subject to the table and casino limits. You may want to bet $10 or $1000 the casino has to accept. That in all negates the house edge. Not to mention the freebies.

So what's the problem? If we lose its because we are not good in controlling ourselves. Period.

Quote from: Lungyeh on April 05, 2020, 11:20:35 AM
I have wanted to say this for a long time but given the diatribe that can sometimes be off-putting, I have bitten my tongue for a long time.

What is a house edge of 5% when winning on banker and player having a lower percentage of winning.

Brothers all, for this small house edge, you have the privilege of deciding when you want to bet or if you want to bet at all. And you have the privilege of deciding how much you want to bet subject to the table and casino limits. You may want to bet $10 or $1000 the casino has to accept. That in all negates the house edge. Not to mention the freebies.

So what's the problem? If we lose its because we are not good in controlling ourselves. Period.

Yes, too much greed by the majority of the players that are winning or do win.

Almost all, not everyone but like I said almost all, they win and all they see is dollar signs and the continued win.  Betting larger and longer and then it's all gone. Time after time, week after week, month after month, year after year, that is all I see at the casinos.

I've tried to describe it in in detail on this forum. There is not one side that you cannot wager upon in the game of baccarat. There is nothing the winning side can do once you are placed with your decided upon wager, no matter what. You choose the winning as well as the losing side. You choose your outcome more than you realize at the table and usually without much thought that will benefit yourself. 

Here is what most do not understand, the statistics are made up of what hand was slightly more than the other side because of dealt cards you cannot control once your wager is placed. Statistics have nothing to do with each game in front of you for 50 or 200 or 500 or 1000 hands of play, those statistics in those test modules people publicize on the internet are for millions upon millions of hands if not hundreds of thousands of hands and no matter what, they will not transfer to the game that you're sitting at.

I can support every single post here.

The fact that a gambling problem cannot be strictly resolved by mathematics doesn't mean gambling games are not beatable.
Especially after knowing what Lungyeh sayed, that is that we can decide how when and how much to bet.
A luxury only baccarat provides.

as.