Best Way to Make Money at a Casino | Online Casino Games & Win Real Money

Best Way to Make Money at a Casino | Online Casino Games & Win Real Money


you want to see how I make $245 in under
5 minutes this will take long and will
probably change the way you make money
for ever
this is not some get rich quick scheme
this is what they want this is currently
again at auction often are calm and this
video I want to talk about before we get
into the specifics throughout this
course in the section on entering trades
just talked about our kind of logic in
and thought process of how we go about
making trades and again just ten
thousand foot view of what we’re trying
to do so it’s obviously a game of
numbers and out and say I have often
said that when it comes to options
trading we should run our business much
like a casino does and we all know the
casinos make money they make money hand
over fist but it’s sometimes hard to
step back and find out exactly where
their edges i mean we know that you know
casinos make money and they haven’t had
and they want us to play Rainbow let’s
quantify that what does that look like
him and what are the mechanics and
logistics behind that because there’s
much more to it than just the percentage
that they’re gonna win or lose on a
given trade or or table game it comes
down to sizing table and its number of
times people play or roll the dice
there’s a lot that goes into it and we
should act much like a casino does but
we often do the complete opposite and
you’ll see why so how does a casino
really make money again what’s their age
that they have over how do we quantify
that so let’s start with the relay and
admittedly relied is one of the worst
odds games but it’s actually one of my
favorite ones to play and go figure but
I like playing and I don’t go there to
make money but when I go I like to play
roulette I don’t you know follow all the
things with with poker and the different
players at the table island I’d like to
play roulette him
on the different numbers and spaces when
it comes to relax and we know that came
with the wheel that spins and the marble
that falls most often people will bet on
red or black and it’s it’s pretty normal
for some somebody go into a casino and
just you know put all the black whatever
the cases but here’s the exact way that
it’s paid out so you can see the Paris
one to 10 mins if you bet a dollar bill
pay you a dollar if you bet a dollar and
you lose you lose a dollar that’s how
the parent works it’s pretty fair as far
as risk and reward you put up fifty
dollars you could make $50 or lose $50
but here’s where the casinos and comes
into play and their student from one so
there’s the European probability which
European roulette wheels only have 130
and so they do a little bit better
source probability as Americans we get
hammered and we have to double zeros on
our roulette wheel and so that means our
probability is even lower but you can
see that the probability of this
happening either one of these red or
black is just about 48 47 percent so
even though you’re making a dollar for
every dollar you put at risk the
likelihood of you keeping that is 47%
which means that because she knows edge
is somewhere around two and a half to
three percent ok and so that’s how we
can find out what the casinos edges
because every time that we make this
trade
theoretically we’re losing about two and
a half to three percent now it’s not a
lot right it’s not like the casino is
robbing you of your money immediately
but over time you can see how this
really gross and again you can see the
number of times it can happen in the
colors and everything
the numbers that are covered in this so
as we go down on the rule at odds you
can see again that probability
red or black you know about 46 47
percent depending on how you calculated
you look at a number of occurrences that
you can see that the odds of that
happening even with just even numbers
121 payouts are pretty much the same
right again the casinos not gonna recuse
over the coals and take all your money
at once they want you to stay longer and
they want you to play longer and then
obviously as you get further and further
down the probability of hitting kind of
anyone number on the roulette wheel
decreases dramatically but the payout is
obviously a lot higher so instead of
being 121 no payout 35 21 so if you put
up $1 in money to bed and you hit your
gonna make about $35 for every dollar
that you put up so big payout but it’s
kind of very small likelihood of
actually happening now why table in its
so you’ve often heard that when you go
to a casino have a little sign posted
there that says that this stabilize the
table and a $50 $100 will having table
and increases the number of course plays
that a person will make which does
increases the house edge back to the
casino so the longer you play the more
you stand to lose and that’s period and
his story there’s no debating so casinos
deliberately want you to make lots of
place and play a lot and they want you
to do with the small amount of money so
I often say and I’ve done a podcast
always do that if you walked in and you
told the casino manager hey I wanna bet
$1,000,000 on red right now one bad one
million dollars on red one roll one spin
and that’s it and they would absolutely
hands-down say no way right most 99%
absolutely no way because they are
one-time probability of losing on that
bad is about 47% they’re gonna lose to
you so it’s too big of a bed in one fell
swoop what they would want to see if
they want to see you spread
that million dollars over thousands of
different best so they they limit the
number of the amount of money that you
can bet on any one role or anyone play
because they know that the more you
spend the more you roll the more behind
that you become so here’s a great ride
they’re really shows that this is with
roulette again the odds of going with a
black or red or even and odd numbers so
just one spin baby spin it one time and
then goes around one time you’re likely
to be behind on average about 51 percent
now remember you’re getting paid fifty
50 if you went to your risk is almost
exactly the same as your reward was over
the course of a hundred spends the
percentage they you get behind his about
64% so you still kind of in the game
here you’ve been playing for a while but
now you’re starting to lose more and
more of that edge to the casino and
again over a thousand spend and then
over 10,000 spoons you can see that on a
given night over 10,000 spins you have
no chance of keeping any of the money
that you say so the longer you play them
less consistent you become in fact
consistency drops exponentially the
longer they play because that small
house said that we looked at before two
and a half to three percent slowly goes
back to the casino and look this is why
they want us to play longer and longer
this is why they have great deals on
casino trips and they offer you free
rooms and free food because the longer
you play the more money that’s going to
get sucked so having all are having said
all this as traders and more importantly
as options traders need to follow the
same logic with how we run our business
and you have to think of it as a
business to begin this isn’t a hobby
this isn’t something you do on the side
you have to run this thing later
business and that means that you have 21
make high probability trades when you go
to a casino you’re not making any high
probability trades as well
edge to the house in treating me know
how to make high probability trades and
we can do that number two is we’ve got
to keep our position size small we’ve
got a set table limits for yourself
right we can’t go in there like a house
and say like a rodeo cowboy just
slinging money around left and right you
gotta go in there and you gotta make
small bets based on your positions I got
a great guy inside option in the guys
and checklist section that helps you
determine your positions based on bunch
of different accounts and number three
we have to understand that consistency
is what leads to profits so being able
to make high probability trades with
small positions over a long stretch of
time right and going back to the casino
example they didn’t really have a
hundred percent chance of success in
winning until they had a ten thousand
spends that doesn’t mean we’ve gotta
make 10,000 trees but that does mean
that one or even a hundred trades over
the course of the year may not get us to
that consistency level that we want but
we’re assured that if we keep making
high probability trades and keep setting
table and its first cells that we will
see success the longer and longer we
stay and that’s why guys in this
business you’ve been in it
five years and 10 years become more and
more successful they just made more
treats and they stay consistent and
persistent it will lead to profits so
hopefully this has been a really good
tutorial just to kind of again get you
started before we get into a lot of the
logistics of entering trades and how
kind of managing this entry points
looking for trades it’s important to
take a step back and understand kind of
the ten thousand foot view of what we’re
trying to do here so as always if you
guys enjoyed this video please share it
online on Twitter on Facebook add a
comment below this video and lessen page
if you have any questions or make sure I
get back to all this and happy trading

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