Revive gambling hall!!

[tofurox]

Re: Revive gambling hall!!

There is no way to beat the gambling hall

You can only hope that variance carries you as high as you're willing before you cash out

Then how did I beat it? Haha jk.

[Go_Oilers_Go]

Re: Revive gambling hall!!

Guys, the gambling hall is presumed dead due to an extended absence. Nothing more can be done.

*21 gun salute*

[who_cares973]

Re: Revive gambling hall!!

maybe

[MrRubix]

Re: Revive gambling hall!!

tofu: Again, it's about variance. Either that or you exploited the system (which you did IIRC). If you have a probabalistic-based approach, do share (you don't because there's no way to beat the gambling hall for the long haul). Alternatively, some people just get lucky.

One somewhat good strategy (which is **** for long term) is the martingale, where you basically just keep betting higher to cover the sum of all previous losses. Of course, this results in a fairly slow accumulation of wealth, which can all be taken away from one bad streak. The ones who earn a lot from the gambling hall tend to be the ones who bet heavy and simply get lucky. Also considering the fact that 2% of each transaction gets destroyed, everyone loses in the long run because there's no net gain in the system. Can only hope to be one of the intermediary channels of wealth that acquired a redistribution from some other poor saps as a result of favorable variance in betting heavy.


PS: Also don't bother retaliating with anything resembling Gambler's Fallacy, as it's a fallacy. Independent probabalistic events have no memory of the past. Even if you get 5 flips in a row by betting low, betting heavy because you feel like you're on a roll is a bad strategy because your chances are still 50/50.

[leonid]

Re: Revive gambling hall!!

I tried to gain 1% of my total credits everyday, and stopped when I lost 10%.

Though this method doesn't do **** with long-run net gain, which is zero, it slowed down the decrease rate of credits, and I was able to cover that amount by winning tournaments.




But then again I'd be better off just participating in tourneys without gambling.
Still, gambling is fun =P

[MrRubix]

Re: Revive gambling hall!!

Yeah you can gain small amounts relatively safely, but things become a bit more apparent when you start betting with sums that are a greater percentage of your credit-worth. You see that even if you gain a little, at some point you're going to get unlucky and lose it all.

"The only winning move is not to play" :P

There is a reason why the Gambling Hall was put there in the first place. It was to essentially increase the worth of credits by making them more scarce, lmao. I also like it because it teaches people the pitfalls of gambling without having to actually waste money.

[leonid]

Re: Revive gambling hall!!

I'd suggest instead of having boring coin toss crap, gambling hall should provide a game for which the chance of winning differs based on each person's skill.

I'd say Texas Hold'em =P

[MrRubix]

Re: Revive gambling hall!!

Yeah, something skill-based would be nice. Although I want my tourney credits so I can start a tournament of my own -- something that is very skill-based in terms of mental challenge. Unfortunately, I don't know how many people would be interested.

On my Omnipwn tournaments, only a few people were really into the mental **** (Tass, Fractal Monkey, Emerald, Devonin, etc), but eh, if there's interest.

I miss the first Omnipwn... it was what introduced myself/Tass to Kongregate and sparked the Flash gaming thing. A lot of cool, unknown games at the time, fun competition, fun mental challenges, etc.

[leonid]

Re: Revive gambling hall!!

durr sounds difficult i'm not into mental stuf cuz im dum



Count me in.

[Kynosaur]

Re: Revive gambling hall!!

Yeah, something skill-based would be nice. Although I want my tourney credits so I can start a tournament of my own -- something that is very skill-based in terms of mental challenge. Unfortunately, I don't know how many people would be interested.

+1

[Card Man]

Re: Revive gambling hall!!

-1

Play FFR to make credits; end of story.

[UserNameGoesHere]

Re: Revive gambling hall!!

Well, they first would have to fix the code so it won't be easily exploitable anymore.

So there was an exploit? Is this confirmable? I kind of figured it was shut down either for potential legal reasons or because it was breaking something or was being broken by something which would be too much trouble to fix.

I liked it although I ended with a pretty substantial net loss. I agree skill-based games would be better though.

[fermble]

Re: Revive gambling hall!!

I also like it because it teaches people the pitfalls of gambling without having to actually waste money.

I like dis idea. I'm 16, no point in gambling any real money I don't have in life haha. IMAGINARY MONIES WOOOOOOOOOOOOOOOOOOOOOOOOO

Proabability isn't 50/50 if you have 5 bets running in a row (METHINKS).
I dunno, I'd finally worked out a way I would bet the week leading up to the closure of the gambling hall.

It might have been something like 1k, 1k, 5k, 1k, 1k I don't remember. ?__?
I just was always winning more in the long run when I did it that way.

I COULD BE WRONG.

[devonin]

Re: Revive gambling hall!!

One somewhat good strategy (which is **** for long term) is the martingale, where you basically just keep betting higher to cover the sum of all previous losses. Of course, this results in a fairly slow accumulation of wealth, which can all be taken away from one bad streak. The ones who earn a lot from the gambling hall tend to be the ones who bet heavy and simply get lucky.

Martingale works flawlessly if you have infinite capital. Though why the hell you're gambling if you have infinite capital is beyond me.

The system is perfect, on paper, but people using it a) don't have enough money to cover a very long losing streak and b) come up against house limits on wagers even if they did have enough money.

[TC_Halogen]

Re: Revive gambling hall!!

-1

Play FFR to make credits; end of story.

Damn straight.