Internet channels you hate, but not worth their own thread

Talk about the internet itself instead of people.
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Tony Schiavone
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Re: Internet channels you hate, but not worth their own thread

Post by Tony Schiavone » Fri Jan 18, 2019 4:04 am

mad bum wrote:
Fri Jan 18, 2019 3:05 am
I always heard craps is the best way to possibly win money if you're not into the poker scene.
It's not the best way in terms of odds, but it's easily the most fun. You have a whole group of people betting with you on the Pass and cheering you as you throw the dice, while the Dont Pass group silently waits for you to blow it. The house takes the money from the losers either way.

Just make sure it's the casino version and not the street version.
...and still: Spoony did nothing.

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Credo in Deum
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Re: Internet channels you hate, but not worth their own thread

Post by Credo in Deum » Fri Jan 18, 2019 9:10 pm

Kugelfisch wrote:
Thu Jan 17, 2019 5:40 pm
rabidtictac wrote:
Thu Jan 17, 2019 4:10 pm
Roulette is stupid too because you're just trying to play percentages but failing because the best percentage is on the house. You have to hit 1 number but the house has to hit literally any other number to take your money.
Nah, that's just the play that would give you the largest payout. You can also bet on entire fields or straight up black or red. Just betting colours gives you a slightly below 50% chance to hit it, since the 00 is green.
That's a better chance than you get on any slot machine since the chances there are fixed and dictated by law.
You could have 10 times red in a row while betting on black. That 50% chance only represents a larger number of tries which in the end means you don't actually won anything :lol:

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Kugelfisch
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Re: Internet channels you hate, but not worth their own thread

Post by Kugelfisch » Sun Jan 20, 2019 2:06 am

Credo in Deum wrote:
Fri Jan 18, 2019 9:10 pm
You could have 10 times red in a row while betting on black. That 50% chance only represents a larger number of tries which in the end means you don't actually won anything :lol:
So to be accurate, you can bet on even and uneven numbers or high and low numbers. That gives you a 50:50 with a 1:1 win chance. Today you usually have a 00 that is green but there are also older variations where it's a 0 instead and it's black. If it's a black 0 you've also got a 50:50 with a 1:1 but those are rare these days.
So basically, the best possible chance on any Roulette table is a coin toss. No, it's not an evened out thing, it's legit 50:50. But that also means that if you were to play forever, you'd neither lose but also never win anything. So people often play other stuff that is less likely to win but gives a better payout.
As a casino, you really don't have to manipulate anything. In the end, you'll always be the winner. The best option is neither a win nor a loss for you, every other option is going to win you more than you lose.

Whoever thinks that casinos have to cheat is ignorant. They don't. All games are set up to be in their favour right from the start. That's the very core of gambling. There's the sucker that gambles and the house that wins.
It's a bit like The Good, The Bad and The Ugly:
https://youtu.be/6YnryHbJqC4?t=214
My armour is Contempt. My shield is Disgust. My sword is Hatred. In the Emperor's name, let none survive!

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VoiceOfReasonPast
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Re: Internet channels you hate, but not worth their own thread

Post by VoiceOfReasonPast » Sun Jan 20, 2019 11:08 am

I'd also say that slot machines are way easier to rig, anyways. I guess you'll have to be fearful of some inspectors showing up, though. If they're not understaffed, that is.
Credo in Deum wrote:
Fri Jan 18, 2019 9:10 pm
You could have 10 times red in a row while betting on black. That 50% chance only represents a larger number of tries which in the end means you don't actually won anything :lol:
It's a common fallacy of gambling virgins to assume that your random result generator of choice "remembers" the previous results and bases future results on that. The truth is that getting 100 reds in a row followed by a black has the exact same chance of happening as 101 reds in a row.
Autism attracts more autism. Sooner or later, an internet nobody will attract the exact kind of fans - and detractors - he deserves.
-Yours Truly

Cucked in the name of Soy, Ye not complicit.

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Old Black Man
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Re: Internet channels you hate, but not worth their own thread

Post by Old Black Man » Mon Jan 21, 2019 1:24 pm

Does anybody know who Brett Keane is? He’s like the proto IN.
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Le Redditeur
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Re: Internet channels you hate, but not worth their own thread

Post by Le Redditeur » Mon Jan 21, 2019 1:27 pm

Old Black Man wrote:
Mon Jan 21, 2019 1:24 pm
Does anybody know who Brett Keane is? He’s like the proto IN.
Wew lad, that was a name I never thought I would read ever again. I remember him from his beef with StraightDope, it was glorious.

"Brett, when I call you a 'fat fuck', I'm making a statement of fact"

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Old Black Man
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Re: Internet channels you hate, but not worth their own thread

Post by Old Black Man » Mon Jan 21, 2019 1:30 pm

Le Redditeur wrote:
Mon Jan 21, 2019 1:27 pm
Old Black Man wrote:
Mon Jan 21, 2019 1:24 pm
Does anybody know who Brett Keane is? He’s like the proto IN.
Wew lad, that was a name I never thought I would read ever again. I remember him from his beef with StraightDope, it was glorious.

"Brett, when I call you a 'fat fuck', I'm making a statement of fact"
He’s a guilty pleasure of mine. I know Drunken Peasants isn’t well regarded here but I loved to watch them interact with Keane back in the day. He’s such a weird dude but I don’t have any disdain for him. He’s just there...floating in the ocean of the internet...like a manatee.

Plus all of his faux pas and mispronounciations are wonderful. I still say orn and stibulations in daily life.
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Kugelfisch
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Re: Internet channels you hate, but not worth their own thread

Post by Kugelfisch » Wed Jan 23, 2019 5:10 pm

VoiceOfReasonPast wrote:
Sun Jan 20, 2019 11:08 am
I'd also say that slot machines are way easier to rig, anyways. I guess you'll have to be fearful of some inspectors showing up, though. If they're not understaffed, that is.
Modern ones aren't easy to rig and you can bet that the state inspectors aren't understaffed. We're talking about high tax fraud here. The state cares more about that than clean drinking water.
Point is, you don't need to rig them either. The lowest payout percentage allowed in Nevada is 75% and while many slots have a higher amount, you'll make money with the thing regardless. You just set them up and empty them every once in a while. Low effort profit. No operator in the world has ever lost money on a slot machine.
VoiceOfReasonPast wrote:
Sun Jan 20, 2019 11:08 am
Credo in Deum wrote:
Fri Jan 18, 2019 9:10 pm
You could have 10 times red in a row while betting on black. That 50% chance only represents a larger number of tries which in the end means you don't actually won anything :lol:
It's a common fallacy of gambling virgins to assume that your random result generator of choice "remembers" the previous results and bases future results on that. The truth is that getting 100 reds in a row followed by a black has the exact same chance of happening as 101 reds in a row.
Wrong. That's not how chances work. While a single coin flip has the same chance to land on either side, the chance of it landing on the same one dozens of times is way lower.
The chance of several 50:50 chances in a row giving the same result is a one in two chance to the power of repetition.
So getting red 100 times in a row is a 1 in 2^100 chance. That's a 1 in 1267650600228229401496703205376 chance.
My armour is Contempt. My shield is Disgust. My sword is Hatred. In the Emperor's name, let none survive!

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VoiceOfReasonPast
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Re: Internet channels you hate, but not worth their own thread

Post by VoiceOfReasonPast » Wed Jan 23, 2019 6:46 pm

It's unlikely to happen when seen from the start of this coin toss orgy, but once you're already down this rare branch of the propability tree, it doesn't really matter. All the much more likely outcomes just didn't happen to you this time.
Autism attracts more autism. Sooner or later, an internet nobody will attract the exact kind of fans - and detractors - he deserves.
-Yours Truly

Cucked in the name of Soy, Ye not complicit.

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Kugelfisch
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Re: Internet channels you hate, but not worth their own thread

Post by Kugelfisch » Wed Jan 23, 2019 7:06 pm

VoiceOfReasonPast wrote:
Wed Jan 23, 2019 6:46 pm
It's unlikely to happen when seen from the start of this coin toss orgy, but once you're already down this rare branch of the propability tree, it doesn't really matter. All the much more likely outcomes just didn't happen to you this time.
Again, that's not how chances work. The mistake gamblers make is that they overestimate their chance to win to begin with.
If you look at it as "win:lose" then it's a 50:50 and, naturally, one would expect to eventually win. That's the mistake. As you can see and calculate for yourself, even only losing ten times in a row would be a chance of 1 to 1024. One surely can't keep losing forever, right?

That's not how slot machines or any other gambling game operates, though. Let's say you play a 75% payout slot. You'll win fairly frequently but less often than 75% of the time still. Because that's it's payout rate, not it's chance to win. It'll slowly bleed you dry with most wins being chump change, some being mediocre and some pretty damn alright. Those alright wins will come along every 100-200 plays, usually. That's just enough to keep somebody playing. The big wins come every half a million plays or thereabout.
So the chance of the big win the player cares about can easily be something like 1 to 700k. Winning jack shit hundreds of times in a row changes from unlikely to expected.

Essentially, gambling targets people that don't know anything about statistics. They don't fully understand how shit their chances to win big are to begin with.
My armour is Contempt. My shield is Disgust. My sword is Hatred. In the Emperor's name, let none survive!

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