Quote from: Mr J on October 27, 2014, 03:02:33 AMSo the players *CREATE* the hold (held).

Indeed.

Expanding the concept of the casino hold in relation to the individual, as a real-life value it can even get to be a hold value of 100% for the player who continues to bet and bet until his bankroll is depleted. Session after session, like clockwork.

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In the individual context, the average hold is most-related to the betting time and the number of “passes” the single player's bankroll makes (x times wagered, expected to be diminished at the rate of the house edge). The calculation is expected to be quite linear since there aren't other players to skew the overall values (as it happens when considering all players in a certain shift).

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Still, since it is a value deriving from what happens in real-life, calculating casino's hold per player visit is an inexact science. With a $1000 buy-in, you can get up mad when losing $400 without ever winning anything (40% held) or you can leave the table with a happy $550 win (negative -55% hold for the casino).

It's easier for them to calculate it per shift.

Cheers!

  Hi Ken, rest assured it's all the same for you.

Theory vs Reality for the casino here.

House edge = their theoretical edge on the player, set in stone in the game's math.

Hold = What actually happens when players sit at the table.

Remember: as a real-life fluctuating value the hold can as well be NEGATIVE to the casino.

Your win, in fact, reflects as leaning the balance towards a negative hold to them unless other players make it up for you. Unlike the house edge (being fixed in stone), their hold in cold hard cash can suck for the shift in your table (I.e when you win big).

QuoteIt is calculated by “Total in – amount paid out = hold.” Typically, this is referred to in percentages.

Since the hold isn't calculated PER PLAYER, but PER TABLE, it doesn't apply to your $1000 bankroll unless you are the sole player in the shift.

If players bought-in for $10,000 and the casino paid $8000, then the casino held $2000 (their 20% hold).

For the casino, the calculation that matters the most when calculating the shift is this:

Cash in – Cash out = what we won (The Hold)

As simple as that.

Cheers!

Hi Ken, always nice to read your posts. You certainly give 'em a twist!

Quote from: Mr J on October 26, 2014, 06:45:49 PMWhich is better (or neither) >>> You have 5 $1 chips. Betting all 5 on the 0,00,1,2,3 (pays 6:1) OR $1 each on the 0 00 1 2 3?

Betting on the straight-ups at regular 5.26% house edge, instead of 7.89% for the top line.

Quote from: Mr J on October 26, 2014, 06:45:49 PMI asked floor what the H.A. is for 00 roulette (I play stupid), he said around 19%. WTF?

Maybe he was referring to the "hold" for the casino he works at:

Quote from: wikipediaThe house edge should not be confused with the "hold". The hold is the average percentage of the money originally brought to the table that the player loses before he leaves—the actual "win" amount for the casino. The Casino Control Commission in Atlantic City releases a monthly report showing the win/hold amounts for each casino. The average win/hold for double zero wheels is between 21–30%, significantly more than the 5.26% house edge.

Cheers!
Vic

Quote from: Bayes on October 19, 2014, 10:56:48 AMI did ask Vic to delete "Slacker" when I re-registered as "Bayes"

Deleting accounts leaves a "hole" in the database; besides there's always risk of impersonation.

It's better for accounts to be idle, keeping functionalities for members (view posts from user, etc.) rather than zapped from the database!

(I do like the "Slacker" user by the way, fun guy  )

Quote from: Bayes on October 19, 2014, 07:40:37 AMI'm working on my own blog/web site which will have the same info, plus some software and stats relating to roulette and systems.

Don't forget to announce it around + adding it to your signature [smiley]welcome/handshake.gif[/smiley]

Coming from you, the community knows it's quality

Folks, what are the popular Excel sheets used around?

Our BetSoftware has full support for generating ExcelBot modules. Now it's time to expand to other excel-based formats.

If possible, kindly comment about the actual excel spreadsheets you use regularly.

Thanks.

In the framework of our anniversary week, member Alrelax opened a new blog section to bring experiences and casino life to the spotlight:

http://betselection.cc/alrelax's-blog/

Thanks!

Our "Forum Baby" turned two (2) years old.

It is a great time to bring an aura of positivity and creative participation to our board.

Let's take the opportunity to use this thread to make those announcements that make our community a better and more fertile space for productive discussion.

Happy Birthday BetSelection!!

[attachimg=1]

Answered privately by PM already, you might have missed it. Kindly check out.

Quote from: wannawin on October 06, 2014, 10:10:43 PMLast month when talking of forum blackout it was a talk of a temporary closure OR obliteration of all posts in the forum?

TEMPORARY, of course.

We have our data located in three (3) physical locations: main server, backup server plus local HDD.

The blackout would have been in place until I freelanced for the 'gap' to cover it. Within the week for sure. We have only had a longer-lasting outage once. For sure, we were talking days. Thanks to the timely support we enjoy continuous service

...We are safe and sound now. With the better assurance for continuity: we value our data the most. We constantly take more proactive measures than the regular "daily backup" from regular sites; even running a paranoid 15-minute backup schedule, for the whole database plus every file, with a 7-day retention span. "Just in case".

Having said it at this time, we must continue to move forward to leave this behind! It's time to enjoy our active premises the best way, past the "bump" on the road [smiley]skype/handshake.gif[/smiley]

For instance, you can enjoy our latest software releases for the community in their newly-made dedicated Download page:

http://betselection.cc/download.

Cheers! [smiley]skype/sun.gif[/smiley]

New version with GUT Tracker (Twocat) included:

http://betselection.cc/download/

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Quote from: wannawin on October 06, 2014, 11:01:02 PM
Will there be support for BASIC 256?

Yes, but right now focus is Excel support.

Quote from: greenguyI am running this roulette forum and accessory coding ambitions in order to generate some income to help my family survive in a harsh economic environment. Any monetary assistance for my hard work and efforts would be greatly appreciated.

Green, can I adapt a version of this copy for my signature?

Once the BetSoftware is released, this is going to be in fact my goal; both to make a profitable venture out of the software offering to help my family, as well as giving all-free versions of it away to help the community at large.

(Read: 100% free downloads for the public while selling related extra services to improve the experience for those opting to them i.e. auto-update, early releases, extra goodies...).

Thanks.

Hi guys,

I'm building our free GUT tracker and need some help to understand the "Canonical" GUT methodology.

Goal is to have exactly what a regular user would expect from something labeled as tracking the GUT.

In your own words, how would you describe the GUT methodology.?

Thank you!

Quote from: greenguy on September 30, 2014, 07:40:30 AMWhy is it that Victor's forums are the ONLY ones that ever asked for money from members?

1) My country isn't particularly #1 in the web hosting field. We don't have easy access to foreign currency here, so yes, the sites have been running thanks to the generosity of members.

2) At times it has been to sponsor a new forum feature or piece of software. That's all

Quote from: greenguy on September 30, 2014, 07:40:30 AMIn the past I have donated, and quite a bit too, even set up monthly auto payment through paypal for a while, but NEVER again.

I've never been afforded any real gratitude for my charity, and have usually been treated as less than one of the free loaders. So now you lot can pay up, as I for one am done.

For the record...

I publicly express a big thank you for your generosity.

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Also thanks a lot for being around. We aren't driven by seeking financial support but we have a true drive to build a community of gentlemen. You are one.

We continue advancing.
This is one of the release candidate versions for your enjoyment:

100% FREE Download page: http://betselection.cc/download/

Instructions:

1) Unzip.
2) Run BetSoftware_Loader.exe

...You can guide yourself on usage by following this video:

https://www.youtube.com/watch?v=84te4sVxTto

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Next:

- Excel sheets to module.