Randomness
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27-07-2015, 04:45 PM
RE: Randomness
(27-07-2015 04:38 PM)GirlyMan Wrote:  
(27-07-2015 11:12 AM)onlinebiker Wrote:  It's also very hard to actually create something that is totally random.

Cryptographers found that out a long time ago....

Currently we can't do it. We might be able to with quantum computers but we can't yet.

maybe so.... One of the best sources (that rarely gets tapped) for randomness generation is natural static on a selected stable radio frequency..... I've seen synchronization done on a system that required random values done, in two separate points by using the WWV time clock, a bit of math, and very stable receivers tuned to exactly the same frequency....

.......................................

The difference between prayer and masturbation - is when a guy is through masturbating - he has something to show for his efforts.
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31-07-2015, 04:21 AM
RE: Randomness
(27-07-2015 02:38 PM)Dom Wrote:  The only trick is to quit when you win.

Negative Dom, the key to gambling is to only make bets which have a positive expected value(EV) for you. If you do that, over the long run you will be a winner.

Leaving the casino when you are ahead doesn't make any difference if you are going to come back later and continue to engage in bad bets. Suppose after 10000 hands of black jack you can expect to be down a $1000. Does it matter if each hand is played 1 minute a part, or 5 minutes a part, or 6 days apart? The delay between hands has no effect on your long term outcome. Q
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31-07-2015, 04:31 AM
RE: Randomness
(27-07-2015 02:00 PM)Bucky Ball Wrote:  I work with this sweet Irish Catholic gramma nurse. Every time she goes to the cassino, (maybe once a month) she returns with AT LEAST $500 profit. I have no clue how she does it. Many times I hear "Oh I hit the *this or that jackpot*.
Hobo Weeping

If she kept a log book of her wins and losses she would most likely discover that over the long run she is a big loser. Most recreational gamblers delude themselves into thinking they are winners or at least, not losing very much. This is because her wins and losses mix with her spending money.
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31-07-2015, 05:35 AM
RE: Randomness
(27-07-2015 03:21 PM)jockmcdock Wrote:  
(27-07-2015 03:09 PM)Dom Wrote:  He was not an addict, he viewed it as recreation.

I never claimed he was an addict. Being a recreational better does not give you better odds than an addict. A horse has odds of 7/4 (or whatever) whether you're an occasional punter or an addict.

A recreational punter will lose hundreds os dollars. An addict will lose thousands.

The only way to make money betting on the horses is if you are connected with organized crime or work in the stables. The house just takes too much off the top otherwise.

You can make money over the long run sports betting but it is very very difficult and you need a network of friends who are also sports betters. You could make money arbitraging with online sports books and you friends...but that can get you in trouble with the law.

Gambling is a hard way to make money and most people are poor elevators of risk.
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