House Advantage Casino
House advantage is the casino profit expressed as a percentage of the player's original bet. Casino games provide a predictable long-term advantage to the casino or the house, at the same time offering the player the possibility of a large short-term payout. House advantage is the mathematical winning edge a casino has provided for itself. House Edge% tells you what advantage, or vig., or house edge the casino has. The bigger the number the worse the bet is. The bigger the number the worse the bet is. Generally speaking, anything over 3% should not be played as this will diminish your chances of winning in the medium-long term to virtually nothi ng.
System Integrations
HALo integrates with all your existing transactional systems – including gaming, hotel, dining, retail, spa and entertainment point of sale – using third-party certified gateways. We extend the life of your existing technology investments. The HA team can implement cutting-edge HALo solutions on your existing infrastructure; no need for a high-cost rip-and-replace scenario or the limitations of a single management system.
HALo system interface and integration technologies:
- Provide third-party systems with a simple, point-to-point API solution to communicate with HALo CORE.
- Add secure patron portals to your existing websites, providing access to loyalty data, offers and the patron profiles.
- Enable companies with information-bus platform investments, such as TIBCO, MULE, BizTalk to integrate through HALo Mesh.
- Allow you to launch HALo in the cloud for rapid deployment opportunities and reduced infrastructure costs.
The HALo system interface solutions include the following tools:
Would it be possible to produce a winning system or a few percent players advantage if the game was fair 50/50, no house advantage, so all odds paid the correct amount?
Thanks,
Derek
Since most everyone agrees that the house advantage in craps, produced by not paying off odds at correct amounts, is the reason that a winning system cannot be developed, what if there was no house advantage.
Would it be possible to produce a winning system or a few percent players advantage if the game was fair 50/50, no house advantage, so all odds paid the correct amount?
Thanks,
Derek
No.
You could create a system that generates tons of small wins for infrequent huge losses. Alternatively, you could trade off tons of small losses for infrequent big wins. Played out, though, the expectation would still be $0.00.
Since most everyone agrees that the house advantage in craps, produced by not paying off odds at correct amounts, is the reason that a winning system cannot be developed, what if there was no house advantage.
Would it be possible to produce a winning system or a few percent players advantage if the game was fair 50/50, no house advantage, so all odds paid the correct amount?
Thanks,
Derek
No.
You could create a system that generates tons of small wins for infrequent huge losses. Alternatively, you could trade off tons of small losses for infrequent big wins. Played out, though, the expectation would still be $0.00.
It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek
It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek
Derek, you have circular logic going on with your thinking. I think everybody can see that, I hope you can too.
Administrator
It is often said that the reason you can't win in the long run against a casino game such as craps is the house advantage. Based on what your saying, the house advantage has nothing to do with not being able to beat the game in the long run, the root cause is that there isn't a players advantage.
Thanks,
Derek
As OG said. The House Edge means the amount of the house advantage against players with optimum play, over the long run. The opposite of the house advantage is a player advantage, or a set of circumstances that negates the house edge. The circumstances might be affected by marketing offers, game design flaws, counting blackjack, dealer errors, the players not making the best play on every hand, cheating by either the players or the house, many other things. If there isn't a players advantage, it's the same thing as saying there is a house advantage.
Mission was saying that nothing you're suggesting doing would affect the House Edge; it's always there against him. The bet structuring being examined would result in a net gain of nothing over the house. So with a 50/50 game, you're still in a 50/50 game.
As OG said. The House Edge means the amount of the house advantage against players with optimum play, over the long run. The opposite of the house advantage is a player advantage, or a set of circumstances that negates the house edge. The circumstances might be affected by marketing offers, game design flaws, counting blackjack, dealer errors, the players not making the best play on every hand, cheating by either the players or the house, many other things. If there isn't a players advantage, it's the same thing as saying there is a house advantage.
Mission was saying that nothing you're suggesting doing would affect the House Edge; it's always there against him. The bet structuring being examined would result in a net gain of nothing over the house. So with a 50/50 game, you're still in a 50/50 game.
Okay, thanks. This makes sense, the point I was trying to clear up is simply that the reason you can't win in the long run isn't that a betting system can't overcome a certain house advantage, it is that a betting system can't overcome ANY advantage, even if the game were fair.
Okay, thanks. This makes sense, the point I was trying to clear up is simply that the reason you can't win in the long run isn't that a betting system can't overcome a certain house advantage, it is that a betting system can't overcome ANY advantage, even if the game were fair.
Betting systems don't work period. Sometimes you can get lucky and win, and sometimes you lose immediately. They all fail in the long run.