Beat the Bookie

Beating Casinos, Beathing Bookies

Entries for the ‘Uncategorized’ Category

Proof you can beat the bookie!

People who don’t think that they can beat the bookie should think again.
A bookie called Leisure and Gaming, that runs, amongst other things, BetShopItalia.com has just had to stop its shares trading on the stock exchange. The reason?  Punters have won too much money
In fact, punters have won so much money this bookie needs to [...]

Essential Gambling Concepts: Expected Value

A key concept when you want to win in the casino is the idea of ‘expected value’.
This is an idea that that casinos use to take money off you and that you can use to take money off the casino.  The expected value is the amount that you can expect to win (or lose) each [...]

Science and Anti-Science

Casinos use science to make their money and to make sure that you, the gambler, go home with nothing in your pockets. Casinos are masters of mathematics and masters of psychology.
Casino games are designed mathematically and psychologically to keep you playing long enough that you lose all your money.
One trick that casinos use is to [...]

Don’t Use Feelings, Use Knowledge to Win at Casinos

Many people starting off with intelligent profit-making gambling can get led astray.  I was one of these.  I was seduced by my feelings thinking that I could sense changes in the cards, changes in the way that things would fall.
Feelings however are no match for the rigorous mathematics that bookies employ to take your money.  [...]

Wanting to be a winner

I want to be a winner. And if you are reading this site, then I guess you do too.
To be a winner, you need to the skills to win.  Let’s not kid ourselves, those skills are not always easy to get.  If they were, then everyone would have them and everyone would be winning. But [...]

Bad Mathematics – the Martingale System

Everyone wants to beat the bookie and win at casinos.  It is my conviction that a proper mathematical system can help you win.
The problem is if you have an improper mathematical system. A mathematical system that isn’t proved and doesn’t work is less than useless.  It’s positively dangerous.
One such system is in my view the [...]

Beating Gambler’s Ruin

The shocking truth is that no matter what game of chance you play, over the long term a gambler will go broke!  This is known as the theory of the ‘Gambler’s Ruin’.  Put simply it means that whatever the odds of the game, even if you expect to win, a bad run can wipe out [...]

The Essential Concept of Utility

One essential idea that professional gamblers use to beat the bookies is the idea of ‘Utility’.
The basis of this idea is that money is worth different things to different people.  For example, $100 is worth a lot more to a beggar than to a billionaire.
To most people a penny is not worth much, so there’s [...]

Findng the Winning Formula

Why this Site

I started this site because I think there are ways to start winning.  I was sick and tired of always losing.  My friends and I would go down to the casino, have a few drinks and start playing.  We’d feel good when we won, and not so good when we lost.
Often times the nights would [...]