COULD
PEOPLE
REALLY GET
RICH WITH
GAMBLING?
BY NATTHAPAT
CHATTHANAYONGPHAKDI
The real experience
from a person who
gamble for a quarter of
his life.
Side Notes
Long runs can be added to the
conversation with games such as
baccarat that the percentage favour the
players if you place bets on banker every
time and not playing and side bets. This
include the large amount of time playing,
losing and winning which most of the
people won't have any money left until
the winning streaks come.
Money management is very important for
people to not going too far leading to
bankrupt because, as far as you losse
the feelings will starts to take control of
your action and that is where people
messed up.
UNDERSTANDING THE NATURE
OF GAMBLING.
Before talking about deeper into gambling everybody need to first
understand that gamble is gamble there is no 100% winning game.
There are risk in every bet you place however, the risk in each bet
are actually difference. The word for this is " house edge" which
mean the percentages that the casino have on winning our money if
it's 1% that mean in a long run they will at least take 1% percent out
of our pocket. While sport betting can have a house edge over 9%
which I have encountered for the past 4-5 years as you can see in
the evidence below
the third row is the
total amount of bet
placed, forth is
amount gain/lose.
As shown, in a long run there would be more days that you lose
your money and less days that you gain this is base on house
edge.
On the other side, most people that are tempt to lose there money
is separated into 3 categories lack of money management, no
discipline, not understanding what you are doing
BACKGROUND RESEARCH
From what I have said and the purpose of this article the goal is to
determine is it possible to make money out of gambling this leads
to researching and calculating the possibility on games such as
blackjack a very popular game among gamblers as it have a very
low house edge with only 0.5%. Never the less, there were ways
to beat the house edge which is card counting because a deck
have the same amount of cards from 1-10 and J-K. The system
called card counting is created where cards under 6 hurt the
players and advantage the dealer and cards from 10-A advantage
the players so, if there is a good amount of cards under 6 in this
hand it will be very usual to raise the stake on the next hand
because you have more probability to win. In addition to every
game players need good understanding of the situation and need
a good discipline because not everyday that you can win
sometime you could lose your money and the best thing to do in
move on. In conclusion, it is possible to make money from
gambling but with practice and studying the origins of the game.