BC Lottery Loophole

[Temporary_User]

I'm not too familiar with lotteries, can Alberta residents take advantage of this?

http://www.cbc.ca/canada/british-col...-loophole.html

If a player deposits $100 of his own money into an account, goes to the baccarat game and bets $50 on both the player and the banker, he essentially breaks even.
Because he has wagered $100, however, he automatically qualifies for the free $100 deposit bonus.
The player then has to play the same bets one more time, in order to be able to cash out their deposit bonus.

www.playnow.com

[cKy]

Sounds like I need to make an account and play.

[jydk]

Essentially you can do the same thing in Vegas as they offer similar promotions. You buy in for a large amount at the Baccarat table with a friend. Every bet you make, your friend does just the opposite.

So say you both bet $100 at a time, therefore both of you are rewarded 100 points. 200 points per draw of the cards. (1 point for every dollar played)

This adds a ton of points to your players cards which you can get free rooms, dinners ect. So your roughly paying a 5% commission on the banker bet ~50% of the time, which means your paying $5 for every 400 points you receive.

10,000 points is usually enough to get your room free with your room service bll picked up, and all that'd cost you is, doing the math is, $125.

*The math is not exact as the banker is favored to win slightly more then 50% of the time

[FlamesKickAss]

would a real casino allow you to do that though?

[evman150]

Better hope for no ties.

[jydk]

Originally Posted by FlamesKickAss

would a real casino allow you to do that though?

No, just hope they're not privy to your scam

Originally Posted by evman150

Better hope for no ties.

You don't lose when there is a tie.

[yads]

Originally Posted by FlamesKickAss

would a real casino allow you to do that though?

The pit bosses are trained to look out for this. The more common thing to do is to play craps with you betting on Pass and your buddy betting the Don't, less of a house edge.

[henriksedin33]

I'd be tempted to burn the "extra" $100 on roulette, double or nothing /knowsthisishowgamblingaddictionsstart

[evman150]

Originally Posted by jydk

You don't lose when there is a tie.

Good point. For some reason I thought a tie was like 0/00 in roulette.

[jydk]

Originally Posted by yads

The pit bosses are trained to look out for this. The more common thing to do is to play craps with you betting on Pass and your buddy betting the Don't, less of a house edge.

Yep, you could do the same thing with Roullette as well. Regarding the house edge, I still think Baccarat is lower. You can never lose the full bet at baccarat, where as Craps you can.

[albertGQ]

Is there any casinos that have no bet limits? You can go to a roulette table and bet on black/red or odd/even and double your bets until you win.

You'll never lose this way

[jydk]

Originally Posted by albertGQ

Is there any casinos that have no bet limits? You can go to a roulette table and bet on black/red or odd/even and double your bets until you win.

You'll never lose this way

5.25% of the time the 0 or 00 will hit and you'll everything!

[Bring_Back_Shantz]

Originally Posted by evman150

Good point. For some reason I thought a tie was like 0/00 in roulette.

What does that even mean?

0/00 are no different than 1, or 14, or 26, or any other number.

[jydk]

Originally Posted by Bring_Back_Shantz

What does that even mean?

0/00 are no different than 1, or 14, or 26, or any other number.

Sure it is, 0 & 00 are niether black or red, so if you bet on both red and black you lose on both if 0 or 00 is hit

[Bring_Back_Shantz]

Originally Posted by albertGQ

Is there any casinos that have no bet limits? You can go to a roulette table and bet on black/red or odd/even and double your bets until you win.

You'll never lose this way

Welcome to gamblers falacy 101.
Yes you can lose this way, and statistcally you will.
http://en.wikipedia.org/wiki/Marting...oulette_system)

Even if there were no green spaces the system breaks down pretty quickly.

[Bring_Back_Shantz]

Originally Posted by jydk

Sure it is, 0 & 00 are niether black or red, so if you bet on both red and black you lose on both if 0 or 00 is hit

Ah, I see, I didn't realize you were specifying betting on red or black.
I thought you just assumed if it hit 0 or 00 that everyone lost everything.

[DownhillGoat]

Originally Posted by Bring_Back_Shantz

I thought you just assumed if it hit 0 or 00 that everyone lost everything.

Not if you bet on 0 or 00 when they hit.

[Bring_Back_Shantz]

Originally Posted by kunkstyle

Not if you bet on 0 or 00 when they hit.

Yeah, I know, that was my point.
Are you even paying attention?

[Mike Oxlong]

Originally Posted by Bring_Back_Shantz

Welcome to gamblers falacy 101.
Yes you can lose this way, and statistcally you will.
http://en.wikipedia.org/wiki/Marting...oulette_system)

Even if there were no green spaces the system breaks down pretty quickly.

But if there is no house limit you just keep betting what you lost until Black or red, or even etc...(whatever you are betting on) hits and you win all your losses back.

That's why casino's have limits so you can't just keep doubling your bets.

This theory assumes you have an unlimited supply of money of course to keep doubling your bets until you win. If you had an unlimited supply of money you likely wouldn't really cared if you won or lost.....

[Bring_Back_Shantz]

Originally Posted by Mike Oxlong

But if there is no house limit you just keep betting what you lost until Black or red, or even etc...(whatever you are betting on) hits and you win all your losses back.

That's why casino's have limits so you can't just keep doubling your bets.

This theory assumes you have an unlimited supply of money of course to keep doubling your bets until you win. If you had an unlimited supply of money you likely wouldn't really cared if you won or lost.....

That's not entirely true, the fact of the matter is, that there is a fantastic chace that the average person will go broke before they even double their bankroll (there's even a great explaination of that in the link I posted).

Casinos have limits becasue they can't all cover someone making a huge bet and it paying off at 36:1.

The whole idea behind doubling the bet breaks down pretty quicly in reality because the person betting doesn't have an unlimited bankroll, so they're really likely to go broke.