Quote from: Patience777 on May 02, 2017, 11:31:31 PMNo.
I have already told you guys how to beat the game of Baccarat....
Some of us have forgotten so I will tell you guys again.....
You go into the casino with a $2,000 bankroll.
As soon as I get $10 ahead I quit and go home for the day. (So I was in the casino for about 5 minutes)
Winner Winner Chicken Dinner... I have beaten the casino!
Now obviously nobody is going to drive 30 minutes to go to the casino just to win $10.
But do you see the point I'm trying to make?
With 10K in chips I would be able to beat the casino out of $90 bucks everytime I go there.
Because I know what I'm doing!
Does the logic make sense here?
Assuming no house edge...
If you take $10 to the casino and want to win $10 you have a 50% of winning. You would just bet $10 once. There are other ways of winning $10, such as continually betting $5 until either you end up $10 up or lose your $10, but if you analyse this you will find the probability of winning $10 is still 50% every time no matter what the strategy.
If you take $30 to the casino and want to win $10, you have a 75% chance of winning. You would bet $10 and if it lost you would bet $20. Probability of losing is the probability of losing both bets, which is ½ * ½ = ¼.
If you take $70 and want to win $10, you have a 7/8 chance of winning.
The formula for chance of winning is...BR/BR + $10.
If you take $2000 to the casino you have a probability of200/201 of winning $10 (assuming you leave when you get your $10 up of course). However, you have a probability of 1/201 of losing your $2000. So do this around 201 times and you will lose your $2000 one day.
You should win $10 often enough though to get your $2000 back in the long run. Note though that you will not actually make money in the long term, because the day will come when you lose your $2000.
ALSO HOWEVER, in reality there is a house edge. But with your betting strategy of only making the minimum number of bets, then this house edge is small. But come out with a strategy that keeps you there all afternoon every visit betting and you will be donating your money to the casino staff, who need their wages to pay their bills.