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bCasino Full Review

bCasino was founded in 2019, and it is among the few recently founded online casinos offering transparent terms and conditions, attractive bonuses, and a plethora of titles that meet the ever-growing players’ demands for entertaining and profitable games. Let’s see how it stacks up against the competition.

bCasino Layout and Navigation

bCasino game content is distributed across a .co.uk domain accepting UK players, and a .com domain where players from all the other eligible countries can play. You might find some differences in the design, but in general, the site is user-friendly and easy to navigate through.
The main tabs containing the game categories are founded at the top of the main page. On the right side of your screen, you will see a Help tab. Promotions are on the left. All additional pages such as the Bonus T&C, Banking, and Contact are to be found at the bottom of the main page.
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bCasino Welcome Bonus

Depending on the country you reside in, you can claim different bonuses.
UK players are eligible for claiming a welcome bonus of up to €1200 upon the first three deposits they make. The bonus funds become withdrawable once the 30x wagering requirement is met (deposit + bonus).
To qualify for the bonus, the minimum deposit you have to make is €20. The max amount you can cash out from the bonus is €5000, which is pretty generous given the fact that many casinos limit the max bonus cashout to €500.
Note that only players who deposit via debit/ credit card, are eligible for claiming the bonus.
bCasino runs various weekly promotions for UK players. For example, if you deposit €10 on Tuesday, you get a total of €25 to play with and so forth. So make sure you log into your account regularly and check the ongoing promotions.
As for players residing outside the UK, the welcome bonus is comprised of up to €1200 upon the first three deposits + 100 free spins on selected slots. The wagering requirement is the same – 30x your deposit + bonus amount. Only debit/ credit card depositors are eligible for claiming the bonus. Similar to the UK version, the .com version offers different daily and weekly promotions to new and existing players.
Free spins are a subject to a x25 wagering. The max amount you can cash out from the free spins bonus is €100.
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bCasino Game Library

The first notable difference between the .co.uk and the .com version is that only UK players have access to live casino games. The live casino is powered by Evolution and offers more than 50 game variations.
The slots we recommend to the UK players are Volcano Eruption Extreme, Money Meat, Mighty Wilds, Bork the Berzerker, Platooners, Winning Wolf. There are also five roulette variations – Roulette with Track, Roulette Master, Astro Roulette, Double Zero Roulette, European Roulette, French Roulette, as well as five Бlackjack variations – Blackjack Atlantic City Single Hand and Multi Hand, Blackjack Monte Carlo Single Hand and Multihand, and Double Exposure Blackjack. Despite the lack of live casino, the game catalogue of the .com version is significantly larger featuring well over 1000 slots and table games.

Game Suppliers

bCasino seems determined to stand out from the hundreds of mainstream casinos. So, it provides games courtesy of Booming, Betsoft, NextGen, Fugaso, Elk, Playson, Lightning Box, BetDigital, Wazdan, Ainsworth, Irondog, Heap, 1×2.
Please note that the games, developed by some of the above-mentioned game suppliers, might not be playable from your jurisdiction.
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Deposits and Withdrawals

The minimum amount you can deposit at bCasino is €20. the minimum withdrawal is €20, too.
The UK players have a bit limited choice of deposit options, but still, the available ones should suffice. They can make fast and secure deposits and withdrawals via Visa, Maestro, Neteller, Skrill, ecopayZ, instant banking, pay by mobile, paysafecard.
Players from the other eligible countries have twice as many payment options at their disposal – Visa, Maestro, Mastercard, Astropay, Euteller, Giropay, Sofort, EPS, Interac, Trustly, Online Uberweiser, Neteller, Skrill, Ecopayz, Muchbetter, Upaycard, Neosurf, Cashlib, Flexepin, paysafecard, zimpler, siru mobile, local/ international bank transfer.
The casino management aims at processing all withdrawal requests within 3 business days, although it may take up to 7 business days for the money to show up into your bank account. It depends on the payment method you settle for as well as the weekend and holiday closures of your bank.

Security and Regulation

bCasino.co.uk is managed by GS Technology Limited that holds a UKGC license. bCasino.com is operated by Green Feather Online Limited. The latter is a MGA licensee. In other words, bCasino is overseen by the two strictest online gambling watchdogs, and its legitimacy can hardly be questioned. In case you are mistreated, your winnings are unfairly confiscated, or you fall victim of tricky bonus terms, you can submit a complaint and count on authorities to investigate the matter and protect your interests.
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Customer Support

The bCasino customer support is attentive to players’ needs and all customer care agents we talked to were genuinely wiling to help. For now, they are available via live chat between 10am and 11pm, although once the casino attracts a larger player base, the working hours will probably be extended.

bCasino Mobile

bCasino games are tailored to run seamlessly on mobile devices. For best performance, you are advised to update your browser and OS to the latest version and make sure you have unlimited data plan / strong Wi-Fi signal.
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Leo Vegas Norge Casino 100 gratisspinn uten innskuddsbonus

Leo Vegas Norge Casino 100 gratisspinn uten innskuddsbonus

Leo Vegas Norge Casino Review & Free Spins Bonus
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Leo Vegas ble etablert av svenske casinoentusiaster i 2012. De som kan sin latin vet at Leo betyr løve og i Nevada-ørkenen i USA, ligger spillmetropolen Las Vegas. For mange er Vegas stedet hvor drømmer blir skapt. Setter man dette sammen til LeoVegas er tanken bak å gi spillerne kongelig underholdning dag som natt.
I løpet av årene som er gått siden etableringen har den lille løven vokst seg stor og mektig og har gitt gjestene mye moro og spenning.
Det harde arbeidet har resultert i flere utmerkelser under igaming-bransjen forskjellige prisutdelinger. Senest den prestisjefylte utmerkelsen “Online Casino of the Year 2019” under Global Gaming awards. Samme år fikk de også prisen for “Best Mobile Operator of the Year”, under International Gaming Awards.
Casinoet kan skilte med casino, live casino og en sportsbook. De har spill fra de beste casinoleverandørene i bransjen, og oppdaterer kontinuerlig betalingsmetoder – også for norske spillere.
Nettcasinoet er basert på middelhavsøya, Malta, mens morselskapet har base i Sverige hvor de dessuten også er børsnoterte.
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Hos Leo Vegas Norge får alle nye gjester tilbud om et frivillig velkomsttilbud i en av de tre seksjonene. Man bestemmer selv om man vil ha dette i Sportsbooken, Live Casinoet eller i casinoseksjonen. Nye gjester kan velge mellom disse tre velkomsttilbudene:
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For å få et av de tre velkomsttilbudene må visse krav oppfylles. I casinoseksjonen må hvert av de fire første innskuddene være på minst 100 kroner. Alle innskuddsbonusene pluss frispinnene kommer med et omsetningskrav på 20 ganger. Innskudd gjort med Skrill eller Neteller gir ikke bonus. Pengene overføres direkte til spillekontoen, og man kan begynne å spille med bonusen med en gang.
I Live Casinoet er omsetningskravet på 40 ganger for både bonusen og gratispengene. Det første innskuddet må være på minst 100 kroner.
I Sportsbooken må gratispengene omsettes 4 ganger til minst 1.80 i odds. Gratisspillene tildeles om det spilles for minst 100 kroner til minimum 1,8 i odds første gangen man spiller i sportsseksjonen.
Festen er ikke over hos Leo Vegas Norge etter velkomsttilbudet. Nettcasinoet byr på både turneringer og kampanjer som kan gi både free spins, bonuser, pengepremier, reiser og andre flotte premier. For en full oversikt over hva som er av muligheter må man bare stikke innom på besøk med jevne mellomrom.
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På hvert av de fire neste innskuddene deles det også ut 25 gratisspinn, til sammen 100 gratisspinn. Dette betyr nye muligheter for å spinne i vei på en av de utvalgte automatene. Også for disse frisspinnene er det Mega Fortune Dreams, superpopulære Starburst, den typisk norske favoritten Joker Pro, Dazzle Me og Swipe and Roll. For å aktivere de 50 gratisspinnene som man får på hvert av innskuddene må man spille for minst 50 kroner.
Selv om det ikke deles ut gratisspinn i Live Casinoet og Sportsbooken i forbindelse med registrering så gir gratispengene de samme mulighetene. Disse er på henholdsvis 100 og 300 kroner. I og med at man får disse når man registrerer seg gir også de fine muligheter til å bli kjent i den utvalgte seksjonen uten å risikere egne penger.
Hos Leo Vegas Norge er det slik at kontanter og bonuspenger holdes adskilt. Det innebærer at så lenge man har egne penger på kontoen, spiller man for disse. Etter at disse er oppbrukt slik at man ikke har mer å spille for, begynner man å omsette av bonuspengene. Det betyr også at det opprinnelige innskuddet samt gevinster vunnet med spill av disse pengene kan tas ut uten å tenke på omsetningskravene.

Spillutvalg hos Leo Vegas Norge Casino

Hos Leo Vegas Norge er spillmulighetene mange. Det gjelder i alle de tre casinoseksjonene. Det er derfor et nettcasino som har noe for alle. I casinoseksjonen er det et stort utvalg av casinospill. Det tilbys nærmere 1200 spill. I tillegg er porteføljen variert. Her er det mange spill i kategorier som spilleautomater, jackpot-automater, skrapelodd samt kort- og bordspill. Hos Leo Vegas Norge er skrapelodd også prioritert som et eget valg i menyen.
For å kunne tilby det store og varierte utvalget av casinospill har Leo Vegas Norge valgt å samarbeide med svært mange utviklere og leverandører. Dette er anerkjente navn som Thunderkick, Authentic Gaming, Ezugi, Blueprint, Quickfire, ELK Studios, NetEnt, Evolution, Edict, Extreme Live Gaming, Quickspin, Felt Games, GameVy, Genesis, Genii, IGT, iSoftBet, Lightning Box, Nektan, NextGen, Microgaming, Play’n GO, PlayTech, Pragmatic Play, Push Gaming, Realistic Games, Skillzgaming, Yggdrasil, 2 by 2 Gaming og Big Time Gaming.
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Hos Leo Vegas Norge finner man spilleautomater med forskjellig utseende. Fra de klassiske som mange kjenner igjen fra arkader og kiosker til helt moderne automater med mange farger og flott utseende. Automater med tematikk fra film, musikk, norrøn mytologi og dyrenes verden.
Med mange automater er det også stor forskjell på hvordan de er oppbygd. Fra klassiske automater med få hjul og gevinstlinjer til nye moderne slots med flere hjul, rader og enormt mange gevinstlinjer. Samt muligheter for ekstra spinn og bonusspill.
Casinoseksjonen byr på mange kjente travere fra de største leverandørene. Her finner man folkekjære spill som Starburst, Book of Dead, Wild Toro og Gonzo’s Quest.

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Når det kommer til jakt på store gevinster er Leo Vegas Norge med over 70 jackpot-automater et godt valg. Det gir mange muligheter til å vinne en livsendrende gevinst.
I casinoet kjenner man raskt igjen populære jackpot-automater som Mega Fortune, Mega Fortune Dreams, Mega Moolah og Mega Moolah ISIS. Samt populære norske jokerautomater som Mega Joker, Joker Millions og Empire Fortune. Automater som har gitt både store og megastore gevinster.
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Jackpot-automatene skiller seg ikke fra andre spilleautomater med unntak av pengene som legges til side. Tematikk og design er likt og man spiller på samme måte.
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Spill blackjack hos Leo Vegas Norge Casino

Setter man pris på det populære bordspillet blackjack er det mye å glede seg over hos Leo Vegas. Casinoseksjonen byr på 22 forskjellige varianter. Det betyr mange muligheter til å slå dealeren. Og til å oppnå 21. For det er det det stort sett handler om. Å få en lucky 21. Reglene for spillet er enkle. Derfor er det populært når man vil prøve lykken på noe annet enn spilleautomater.
Blant blackjack-spillene hos Leo Vegas finner man standard blackjack, Lucky Lucky Blackjack, Suit ‘Em Up Blackjack, Lucky Ladies Blackjack, Double Xposure og Perfect Pairs Blackjack. Videre spill som Buster Blackjack, American Blackjack, 21+3 Blackjack og 6 in 1 Blackjack. Spill som er enkle å forstå selv om noen har en liten vri i forhold til standardreglene. De krever ikke nødvendigvis den tykkeste lommeboken heller.
Er man ikke opptatt av lommeboken så har casinoet flere blackjack-spill som passer godt for storspillere. Single Deck Blackjack Pro High Limit, Blackjack Professional, Blackjack Pro High Limit og Blackjack Professional VIP er spill som er tilpasset spillere som gjerne satser litt når de befinner seg ved blackjack-bordet.

Roulette

Et annet populært bordspill er roulette. Hos Leo Vegas Norge er det elleve varianter av dette spillet. Det er mange regler i roulette så det er ingen fordel å ankomme bordet uten å ha satt seg inn i disse. Det finnes mange strategier for spillingen også, og det er mange som benytter en av disse når de spiller. Uansett valg av strategi må man likevel ha hellet med seg siden det er helt tilfeldig hvor kulen ligger når hjulet slutter å spinne.
Blant roulette-spillene som Leo Vegas Norge tilbyr finner man standard roulette samt flere varianter av både europeisk og fransk roulette. Amerikansk roulette tilbys også.
Den beste strategien for å øke sjansen for gevinst når man spiller roulette er å holde seg unna den amerikanske varianten, og gå for de franske eller europeiske. Der er huset fordel mindre siden de kun har en null mens de amerikanske bordene har to nuller.
For storspillere eller såkalte high rollers finnes spill som Roulelette VIP og French Roulette VIP. Dette er utgaver av spillet som virkelig lar spillerne satse mye per runde om de ønsker det.
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For å kjenne på den ekte casinofølelsen uten å være i et fysisk casino, er Live Casinoet til Leo Vegas Norge stedet. Det er enormt. Der er utvalget av kort- og bordspill stort. Derfor er det ingen grunn til å dra til Monte Carlo eller Las Vegas. Kommer man ikke i god casinostemning i Live Casionet til Leo Vegas er det ikke deres feil. Der er det en omfattende meny med mange menyvalg alt etter hva man er ute etter. I Live Casinoet spiller man mot imøtekommende, smilende og velkledde dealere. Mange sjanser for chatting med medspillere får man også.
Leo Vegas Norge har mange spill som er felles med andre casinoer, men også eksklusive spill som man kun finner der. I casinoets Chambre Séparée er det ti eksklusive spill med roulette og blackjack. Ellers bys på rikelige sjanser for gevinster i både baccarat, poker, blackjack, roulette og på lykkehjulet Dream Catcher. Hvor mye man spiller for per runde er opp til en selv. Spennvidden er fra 1 krone til 200 000 kroner.
Spillene i Live Casinoet leveres av spillutviklerne NetEnt, Evolution Gaming og Extreme Live Gaming. Det betyr brukervennlige bord, flott grafikk og upåklagelig livestream og lyd. Dette er også utviklere som har spill for alle typer spillere. Dermed spiller det ingen rolle om man er litt forsiktig med hvor mye man spiller, eller om man ikke har særlig fokus på det. Det blir uansett en flott casinoopplevelse selv om man sitter i godstolen hjemme.
Vil man prøve noe utover alle live-bordene fra de tre nevnte tilbyderne, får man det hos Leo Vegas Norge. Man kan nemlig knytte seg opp til bordene ved flere fysiske landbaserte casinoer. Eksempler er Dragonara på Malta og St. Vincent i Italia. Dermed befinner man seg plutselig på en øy i Middelhavet eller nord i Italia uten å være det.

Slik får du live casino bonus hos Leo Vegas Norge Casino

Hos Leo Vegas er det slik at man kan motta en bonus i Live Casinoet i forbindelse med at man blir ny spiller. Når man registrerer seg kan man få 100 kroner gratis til benyttelse i Live Casinoet. Det er ikke nødvendig å gjøre et innskudd, det holder med å åpne en konto. Det er en fin måte å bli litt bedre kjent i Live Casinoet uten at man risikerer egne penger.
Frister det med mer kan man velge å ta imot velkomsttilbudet i denne seksjonen. For det første innskuddet på minst 100 kroner vil man da få dette i Live Casinoet:
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Både gratispengene og bonusen kommer med et omsetningskrav på 40 ganger før eventuelle gevinster kan tas ut. Dette høres muligens høyt ut for erfarne casinospillere, men det som skiller Leo Vegas fra andre casino er at når du spiller i dette casinoet vil du først spille med ditt eget innskudd, før du spiller med bonuspenger. Så om du vinner en gevinst mens du spiller med dine egne penger, er alle gevinster dine.
Ønsker man flere bonuser i Live Casinoet må man følge med og benytte anledningen i forbindelse med diverse kampanjer som kan gi dette.

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Når det kommer til sport er Sportsbooken hos Leo Vegas uslåelig. Der er det mye for de som elsker sportsbetting. Det betyr mange muligheter for spill på både odds og live odds. Det første betyr spill til odds som er satt før idrettsbegivenheten starter. Det andre gir enda mer engasjement siden det er odds man kan sette når en sportsbegivenhet pågår.
De aller fleste idrettene er på plass i sportsseksjonen. Det betyr alt fra store idretter som fotball, vintersport, hest, tennis og motorsport til mindre idretter som dart, snooker og sjakk. Leo Vegas har alle de store turneringene, mesterskapene og ligaene. I tillegg så byr Sportsbooken på resultatoversikt og live streaming.
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Oddsbonus

Nye spillere som er mest opptatt av sportsbetting kan velge å ta velkomsttilbudet i Sportsbooken. Faktisk får man 100 % opptil 3000 kr. Denne bonusen må omsettes 4 ganger til minst 1.80 i odds.
Frister det med mer etter at man har spilt på sport risikofritt, gjør man et innskudd og spiller for egne penger. Da tildeles man velkomsttilbudet i sportsseksjonen hos Leo Vegas Norge. Det betyr at man mottar 2 gratisspill. For å kvalifisere for disse to gratisspillene er betingelsen at det spilles for minst 100 kroner til minst 1.8 i odds den første gangen man spiller for egne penger i oddsseksjonen.

Se kampene med live streaming

Ønsker man å følge med live etter at man har spilt på et idrettarrangement, er sportsseksjonen til Leo Vegas Norge er godt sted. Der kan man bli værende i Sportsbooken og se på avgjørelsen. Der kan man se mange live sendinger eller live streaming. Enten det er en fotballkamp, tennismatch eller en kamp fra VM i ishockey tilbyr Leo Vegas dette til sportsinteresserte gjester.
Enkelt å se er det også. Man finner idrettsarrangementet under Live streaming i oddsseksjonens meny. Deretter er det bare å trykke på play-knappen. Er man ikke innlogget må man deretter gjøre det. Så er det bare å nyte sendingen.

Spill hos Leo Vegas fra mobil og nettbrett

Når det kommer til løsninger for mobile enheter har Leo Vegas Norge aldri sovet i timen, men fulgt med på den teknologiske utviklingen. Der i gården har nettsider med responsivt design aldri vært et fremmedord. Helt siden starten i 2012 har det vært fokus på å gi gjestene det beste innenfor mobilcasino. Rett og slett å være nummer 1 på mobilspilling. Dette ble blant annet anerkjent med tildelingen av Mobile Operator of the Year under EGR Nordic Awards 2016.
Casinoets innovative løsninger gir håndholdt underholdning som er uanstrengt uansett hvilken enhet man benytter. Dette skyldes banebrytende fordeler som elektrisk tempo, intuitiv kontroll og det flotte utvalget som tilbys av casinospill. Dermed er det duket for mye moro uansett hvor man befinner seg i verden. Det eneste man behøver er god nettdekning.
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Det betyr lynraske hastigheter og fine opplevelser på mer enn 1000 spilleautomater takket være samarbeidet med alle partnerne. Det betyr alt fra traveren Starburst til de heteste nyhetene. Innenfor sportsbetting betyr det en lynrask Sportsbook som er effektiv, engasjerende og lett å navigere på. Og så kommer man til den ekte opplevelsen i Live Casinoet. Det betyr live streaming fra luksuriøse og eksklusive steder rett i hånden. Håndholdt Live Casino i HD som man sjelden har opplevd tidligere. På mobilen eller en annen touchskjerm får man et bredt spekter av live bordspill hvor man opplever forskjellen fra hva de fleste andre tilbyr.
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Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.

Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.

Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.

Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.

Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.

Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.

6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.

5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.

4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.

3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules: https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.

Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.

2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.

But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1

Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.

The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.

But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato

1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.

2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.

And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.

Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by enderpiet to gtaonline [link] [comments]

Ultimate Gambling Guide for GTA Online - odds, probabilities, and optimal strategies

This is not mine, the creator of this is u/enderpiet

Since the Diamond Casino update, I have seen a large number of 12-year-olds posting Blackjack memes on this sub. As a parent, this has me very worried.
On top of that, I have seen some of the most trustworthy GTA Youtubers giving flawed gambling advice, which can have damaging impact on their gullible audiences.
So that's why I decided to write this up, to educate everyone on the subject, so there will be no more misunderstandings.
(2020 Update down at the bottom.)
If you're one of those Youtubers that wants to use this information in a video, feel free to do so. The more people (especially kids) that become educated about gambling, the better.
But then also please go back and review your own work, and delete or edit the videos that are giving out the wrong advice, like where you're saying you have "a good strategy for making money with roulette", or some other nonsense that I've heard this week. Delete that please.
Before I get into the individual games, I need to discuss a few concepts first, that will make understanding the rest a lot easier.
Expected return and variance
A game like Roulette or Slots has a fixed expected return on your bets. This is a percentage that you have no way of influencing. Say you are flipping a coin against a friend, and you both put up $1. The winner gets the pot. Since the odds are even at 50%, in the long run, you will expect to break even. Your expected return is 100% of your bet.
But imagine if you would play this coin flipping game in a casino against the house. On the "house rules" listed at the table they would probably say that you would only get 95 cents back for every win, while you are forfeiting a dollar on every loss. Would you still play?
Sounds stupid to do so, but still, everybody does it. Every bet they place on Roulette, every coin they put into a Slot machine, is based on the same concept.
Those few cents they take on every bet are their profit margin, and has paid for all the Vegas lights, the Mirage volcanoes, and the Bellagio fountains. Make no mistake - casino gambling games are not designed to make you lose, because sure, you can get lucky on a single night, but they are designed to make them win. That's the beauty of it. They can both exist at the same time.
Too many people that don't see how this works, are just destined for disaster. Just because you went on a lucky streak and won 8 games out of 10, does not mean that flipping coins is a profitable game, or that choosing tails is a winning strategy. Always be aware of the house edge, your true chances of winning, and just realize that you got lucky. There is no such thing as a strategy in flipping a coin that will give you a higher expected return, so it's just pure gambling, just like Slots and Roulette.
Most casino games are made in such a way, that your expected return is a little under 100%. This means that from every dollar bet at the tables, the casino expects to keep a few cents. For individual players, results may vary. Some will win, most will lose. But for the house, it doesn't matter. They take millions of bets each day, so for them, the expected average works out a lot sooner. In short: the house always wins.
When looking at the house edge, we're talking about the expected long-term result, based on the game's house rules. But for a player, it can take literally tens of thousands of hands or spins before you also reach this average number. Until that time, you can experience huge upswings and downswings, that are the result of nothing but short-term luck, which is called variance.
Some games and some bets have a much higher variance than others, which means your actual results will differ enormously from what you're expected to be at.
Take for example betting on red/black at the Roulette table. This is a low-variance proposition, because it has a high percentage chance of occurring, and a low payout.
Contrast this with betting single numbers in Roulette, which only win once every 38 spins on average. This bet has a much higher variance, meaning you can easily hit a dry spell, and not hit anything for 200 bets in a row, or you can see a single number hit three times in five consecutive spins. This is not a freak occurrence in high-variance bets.
Even though the expected return in both these bets is exactly the same, there's a huge difference in variance, causing massive differences in short-term results, which can go both ways. You need to be aware of this, before you decide what types of bets you are comfortable with placing.
Gamblers' Fallacy
Another thing to realize, is that each individual game, hand, or spin, is completely independent from the one(s) before it, and after it.
Gamblers tend to believe, that the chance of a certain outcome is increased, based on previous results.
The most famous example comes from the Casino de Monte Carlo, where the Roulette wheel managed to land on black 26 times in a row. Gamblers lost many millions during that streak, all frantically betting on red, believing that the odds were in favor of the wheel coming out on red, after producing so many blacks. This is not true. Each round is completely independent, and the odds are exactly the same.
You will hear people say things like a Blackjack table being "hot" or "cold", which is completely superstitious, and should be ignored. The exception was when Blackjack was being dealt from a shoe. It made card counting possible. But with the introduction of shuffle machines, and continuous shuffling like is being used in GTA, this no longer exists.
This is also why "chasing your losses" is a very bad idea. After being on a losing streak for some time, many gamblers believe that now it's their turn to start winning. So they will often increase their bet size, believing that when their predicted winning streak comes around, they will win back their losses, and more.
The reality of it, more often than not, is that people will indeed start playing higher and higher limits, until they are completely broke. Nobody is ever "due for a win". There is never a guarantee that you're about to start winning. In fact, the opposite is more likely to be true. You are, after all, in a casino.
Betting systems
Some people like to think that they have a fool-proof betting system, like the Martingale system. Simply increase or even double your bet when you lose, and keep doing that until you win. In theory, this system will always win. So that's why table limits were introduced, and where the system fails.
If you start at the Roulette table, playing red/black, with a small 750 chip wager, and just double your bet every time you lose, you only have to lose 6 times in a row, before you will be betting the table limit of 48,000, just to get that 750 chip profit.
Sure, you can go on all evening without this happening, winning 750 chips each time, but this losing streak only has to happen once, and you're bust. Any betting system like this is ill-advised, because you are hugely increasing your so-called "risk of ruin", and that's what we were trying to avoid.
And even if your starting bet is only 100 chips, after only nine straight losses, and nine doubled bets, you are betting the table limit at 50,000 chips. If you lose that bet, you're 100,000 chips in the hole, with no way to recover that with your 100 chip base wager.
So don't believe anyone that says this is the perfect system to always win in the casino. Sooner or later they will understand why they were wrong, when they're asking you for a loan.
Set your limits BEFORE you start playing
One final point before we get into the games, a general tip for people that head out to play: money management.
Just like in real life, before you go to the casino, decide on a maximum amount that you are WILLING TO LOSE.
Bet small enough, so that amount can last you through the entire evening, and you will not be tempted to run to the ATM to continue playing.
Considering GTA money, some people will be comfortable losing 1% of their GTA bank balance, some people will be comfortable with gambling away 5% of their total GTA savings. It's up to you what you can handle. Decide for yourself where it will start to hurt, and don't cross that line.
But whatever number you decide on, as soon as you lost that amount, get up and walk away. Don't chase your losses, stick to your limits, and accept that this has not been your day. There is always another game tomorrow. Always agree with yourself on a simple stop-loss rule, how much you would want to lose at most, and simply stop playing when you get there.
Same goes for winning. You can decide on a number, how much profit you would like to take away from the casino. You can go on a hot streak and be up half a million in a short period of time, but if you would continue to play longer, looking for more, chances are that you're going to lose it all back.
Most people are happy with doubling their daily casino budget, for example. Others are looking for 10 bets profit in Blackjack. Whatever you choose, when you hit that number, you can stop playing and bank your profits, or you can continue playing if you're still enjoying the games, but then only just play minimum bet sizes. Then you're just playing for fun, not for money. You've already made your profit, so simply keep it in your pocket, and don't risk losing it again.
Either way, decide on what your money management strategy will be, and STICK TO IT.
Casino games in GTA Online
Now, I'm going to dive into the games that you can find at the Diamond casino, ordered from worst to best.
6) Slots
Generally the rule is this: the less strategy a game has, the worse it is for the player. And with slots, this is definitely the case.
The only influence you have, is choosing what type of machine you're going to play. Basically, there are two types of slot machines:
-high frequency, low payout slots
-low frequency, high payout slots
In the first type, there is no huge (progressive) jackpot on offer, just your average selection of prizes that don't go up to crazy amounts.
This will result in a player having many more spins resulting in a win. The amounts that you win on the bigger prizes, will be smaller, but they do come around more often. This type of slot machine has a lower variance, which means that your money should last you longer, winning many smaller prizes along the way to keep you going.
The second type of slot machine lures you in with the temptation of a huge jackpot prize. Even though the long-term expected return on these machines is the same as the previous type, the prize distribution is hugely different. The large jackpot prize weighs heavily on the scale of expected return, but the chance of it hitting is extremely small. This results in a much higher variance on this type of machine. Usually your money will go down very fast, because the smaller prizes are less rewarding than on the other type of machine.
At the Diamond, the info screen says the player return at slots is set at 98.7%. This means that, on average, for every maximum bet of 2,500 chips, you expect to lose 32.5 chips.
This might not seem like a lot, but the danger of slots is that the game is extremely fast. You can spin about once every 6 seconds, which would result in an expected LOSS of about 20,000 chips per hour of playing.
But again, in this long-term expected number, the large jackpot awards are also factored in, and as long as you don't hit those big prizes, you'll see your money go down a lot faster.
In any case, thank heavens the max bet is only set at 2,500, or else we would see more players go bankrupt at alarming rates.
Optimal strategy for slots:
There is none. Because after betting, you have no more influence over the outcome. The only choices you have, is what type of machine you want to play at, and how much money you are going to risk. And those are all personal preference. As long as you stick to your loss limits, as discussed above, there's no harm in having a go every once in a while, hoping to get a lucky hit. Just realize that you don't have a high chance of scoring a big win, so as soon as you do, get up and walk away.
5) Roulette
Roulette is also a game where you have no influence over the outcome. There is zero skill involved. You place your bet, and that's it.
In traditional French roulette, a table has only the single-zero, but of course, for American casinos that wasn't enough of a house edge, so they simply doubled their profits by adding a second zero. The house edge was increased from 1/37 to 1/19, which is huge.
This makes playing on a double-zero roulette table by definition a sucker's play.
The payouts scale evenly, which means that a bet on a single number, and a bet on half of the numbers, and everything in between, yields the same expected return. The only difference, again, being the variance that you are willing to subject yourself to.
The player return for double-zero Roulette for all bets is 94.74%.
Except for the 5-number bet, which can only be made by placing a bet on the two top rows that contain 0, 00, 1, 2 and 3. The expected return on this bet is lower: 92.1%. This is because it only pays out 6-1. Why? Well, the number 36 isn't divisible by 5, so the greedy people that came up with double-zero Roulette had to round it off someway, and as expected, it wasn't going to be in the players' favor.Just remember that that 5-number bet is the worst bet at the table, and should be avoided. All other possible bets have the same expected return.
So it really doesn't matter how you spread your bets, if you bet only one chip, or if you litter the entire table with a bucketload of chips. Each chip you put out there, has the same expected return, so there is no strategy that will improve your long-term results.
Assuming that you're betting the maximum table amount of 50,000 chips, you will be looking at an expected loss of about 2,630 chips per spin. Considering that a round takes about 45 seconds to complete, your expected LOSS at the GTA Roulette tables will be around 200,000 chips per hour of playing.
Optimal strategy for double-zero roulette:
Stay away. Stay far away.
4) Three Card Poker
With Three Card Poker, we come across the first game where there is actually some strategy involved. You get to look at your cards, and then decide if you want to fold, and surrender your ante, or double your bet.
Additionally, you can choose to place a side bet on "Pair Plus", which offers progressive payouts.
There are some websites out there that ran all the numbers with computer simulations, and even though I would like to quote the source here, these websites are understandably littered to the max with online casino ads, so that's why I have decided against doing that.
Optimal strategy for Three Card Poker:
For this game you only have to remember one strategy rule: Always bet on any high card queen-six-four or better, and fold any high card queen-six-three or lower. That's it. Just don't forget to double check if you're not folding a straight or a flush, and you'll be fine.
This strategy will result in an expected return of 96.63%.
The Pair Plus sidebet, with the payout table that is used at the Diamond casino, gives you an expected return of 97.68%, which is actually a bit better than the main ante bet.
So by playing both wagers, you're reducing your expected losses per bet, but since you're betting more, you're also increasing your expected loss per hour.
My advice would obviously be to not play this game at all, but if you do, put as much of your bet as possible on the Pair Plus, while making our Ante bet as small as you can.
To be able to compare it to the other games at the Diamond, let's stay on that 50,000 maximum wager, meaning making your ante bet 35,000, and your pair plus bet 15,000, if the table would allow it.
This results in an expected loss of about 1,525 chips per hand, and with a round taking about 45 seconds, this adds up to an expected LOSS of around 120,000 chips per hour of playing. In comparison, if you would only play the ante bet for 50,000 per hand, you expect to lose 1,685 chips per hand, which means an expected LOSS of about 135,000 chips per hour. So the more out of that 50,000 wager you can put on the "Pair Plus" sidebet, the better.
Even though it may be fun to try out this game for a bit, since there's only one simple strategy rule to follow, you'll soon find yourself robotically grinding down your bankroll until it has vaporized. You're not missing out on anything if you skip these tables, there is no real challenge.
Just like with Roulette and Slots, if you want to try it out nonetheless, you can just bet the minimum amounts and only play for fun, so it won't matter if you win or lose.
3) Blackjack
Blackjack is the most complicated game by far. Simply because the player has to make a series of decisions, which will largely decide the outcome. Luckily, there is such a thing as an optimal strategy, which will be outlined below.
However, the strategy is also dependent on the house rules. These not only affect your expected return, but in some places also your decisions.
Here are the house rules at the Diamond casino:
-The game uses 4 standard decks, and a continuous shuffle.
-Blackjack pays 3 to 2, dealer checks for early blackjack.
-No insurance offered, no surrender.
-Dealer stands on soft 17.
-Double down on any two cards.
-Player can split only once, but doubling after split is allowed.
-Seven-Card Charlie.
Under these rules, and following the "basic strategy" chart, your expected return at Blackjack is a shade under 99.6%, which is extremely good for a casino game, that's why Blackjack should be your table game of choice.
But it comes at a price: you are going to have to memorize the relatively complicated strategy chart, or at least stick it to your monitor until you have it in your head. But in case you ever stumble into a real-life casino, you won't regret having this table memorized, so I would definitely advise you to work on that.
The strategy chart might look complicated at first, but you will be able to notice certain patterns. Your decisions are mainly based on the dealer's upcard, which is basically divided into a weak card (2 to 6), and a strong card (7 to ace).
When a dealer shows a strong card, you will be hitting more often with the risk of going bust, but when a dealer shows a weak card, you're not taking that risk, and you will be standing more, but also doubling and splitting more. You want to increase your bets when the odds are in your favor, and get out cheap when they're not.
But it also helps to take some time to think about why a certain advice is given. For example, why does it say that you always have to split two eights, even against an ace. Well, that's because two eights equals 16, which is the worst total you can have. It's better to split them up, and give yourself a chance of finding a 17, 18 or 19 with the next card. Once you see the logic in that, you'll have one less thing to memorize.
The playing advice in the basic strategy chart is a result of computer simulations that ran all possible outcomes against each other, and produced the most profitable decision for each situation. So you can't go wrong following it.
Optimal strategy for Blackjack with Seven-Card Charlie
The added house rule of Seven-Card Charlie, adds a small advantage for the player, and it does influence a few strategy decisions. For example, you might have a 14 with 6 cards, against the dealer's 5 upcard.
Normally this would be an automatic stand, but if you're only one card away from the Seven-Card Charlie, meaning an instant win for the player, regardless of the dealer's hand, it turns it into a hit.
Here's the most optimal strategy chart to follow for the Diamond Casino house rules:https://prnt.sc/olct6g
You'll see that two fives are missing from the chart, and that's because you never split them. You treat them as a regular 10. You also never split tens. Just stand on 20.
If you follow this strategy religiously, even with a maximum wager of 50,000 chips, you only expect to lose about 215 chips per hand, and with rounds taking about 30 seconds, that amounts to an expected LOSS of 26,000 chips per hour, which is only half a bet. A small price to pay for an hour of entertainment.
But since the expected return is so extremely close to 100%, you will see more positive short-term results than with other games. But obviously it can also swing the other way. Again, this is supposed to be the game where your money lasts you the longest, but always set your loss and win limits before you sit down. That rule simply always applies.
Still, even with optimal strategies applied, all these games are expected to lose you money in the long run. So betting any kind of large amounts is not advised. If you simply want to enjoy playing these games, there's nothing wrong with betting a minimal amount. Playing these games for a longer period of time will already cost you money anyway, since your daily property fees will still be charged while you're playing in the GTA casino. As long as you can play for fun, there's nothing wrong, but when you see yourself betting insane chunks of your entire bank balance to try to recoup some unfortunate losses, you're doing it wrong.
As the commercials in Britain all correctly say: when the fun stops, stop.
2) Virtual Horse Racing
Now onto the good stuff. I ran some numbers, and I believe Rockstar has made a mistake with the horse racing game. Because as it stands, and if I read the numbers correctly, this game is actually profitable for the player. You can actually make money with this, at least, until Rockstar figures out their mistake and patches it.
If anyone wants to jump into the math and double check this to make sure, please do so. I will add any corrections to this post. This is one of those "to good to be true" things, so I keep thinking that I might have overlooked something. So please verify it if you can.
The setup is this. There is a pool of 100 horses, each with their own attached payout. These are divided into 3 groups, ranked by their odds. From each group, 2 horses are randomly selected to provide a pool of six runners for you to bet on.
Now it's not an actual race you're looking at. You are looking at a raffle. This is important to realize.
Each horse gets awarded a certain number of raffle tickets. The favorites get awarded more tickets than the underdogs, and therefore, have a higher chance of winning.
If this distribution works like it does in the real-life casinos, then the raffle tickets are awarded according to the betting odds.
Example 1: imagine a race with 3 runners, all have 2/1 odds, representing a 33.3% chance of winning. (Because 2/1 means 2 AGAINST 1, so 3 total.) In this case, each horse gets one third of the raffle tickets, giving them an equal chance to win.
Example 2: imagine a race with 3 runners, one has 1/1 odds (or EVENS), representing a 50% chance of winning, and the other two horses are marked up as 3/1, with a 25% chance of winning. The favorite gets half the tickets, the other two get a quarter of the tickets each.
A ticket is drawn, and you'll have a winner.
It doesn't matter in this game which horse you bet on, because the expected return is always the same: 100% or break-even, for the above examples.
Now, what happens if the percentages don't exactly add up to 100%?
They must add up to 100%, because there will always be a winner. And only one winner.
So when this is the case, the actual winning chances of the horses are adjusted to meet the 100% requirement, using their payout odds to determine the scale.
So, if the represented percentages add up to more than 100%, the actual winning chances of the runners will be DECREASED, resulting in all bets becoming losing propositions for the players.
Example: In a 6-horse race, all runners are listed at 4/1, representing a 20% chance. Only with six runners that amounts to 120%. So all chances are scaled down by 1/6th, to end up at 100%.
This means your horse's chances are reduced from 20% to 16.67%, turning it into a losing bet: 5 times you will lose your bet, and 1 time you will win, but only get 4 bets back in this instance, instead of 5. A losing bet in the long run.
This is the type of odds that you find in regular casinos, with fields as large as 15 runners to bet on, where the assumed winning chances always add up to more than 100%, therefore are decreased for all runners, resulting in a house edge.
But in GTA Online's Inside Track, there are other scenarios, because of the small field, and the way that they are put together.
In some cases, the represented percentages when added up, are LESS than 100%, meaning that the actual winning chances of all runners, are INCREASED.
This creates profitable bets for the players, because in the long run, you're expecting to win more money than you lose. This is a gambler's dream, pure and simple.
So, according to the in-game information, the three groups of horses are divided as follows:
-Favorites: EVENS to 5-1
-Outsiders: 6-1 to 15-1
-Underdogs: 16-1 to 30-1
Let's take the two most extreme examples to show what's happening.
The worst possible field to bet on: two runners at EVENS, two runners at 6-1, and two runners at 16-1.
EVENS represents a 50% chance, 6-1 is 14.29%, and 16-1 is 5.88%. Add those up and you land on a total of 140.34%.
This means that the actual winning chances of the horses are decreased by 28.75% (to get that 140% down to 100%), which makes betting on this field extremely unwise.
A horse at EVENS will only come in as a winner 35.63% of the time, instead of 50%,
a horse at 6-1 will only win 10.18% of the time,
and an underdog at 16-1 will only win 4.19% of the time.
The expected return on a bet on any of the horses in this field is only 71.26%, so a maximum bet of 10,000 chips on any of these horses holds an expected LOSS of 2,875 chips.
These returns are the same, because the winning chances are scaled equally, according to the payout numbers. So it really doesn't matter which horse you bet on, in the long run, you expect the same results.
But as explained before, it does influence variance, and therefore your short-term result, which can swing both ways.
But now, the best possible field to bet on: two runners at 5-1, two runners at 15-1, and two runners at 30-1.
Odds at 5-1 represents a winning chance of 16.67%, 15-1 odds means 6.25% chance, and 30-1 odds means a 3.23% chance of winning. Add these six horses together, and you only get 52.285%.
This means that, to get from 52% to 100%, the actual winning chances of these horses will be almost doubled! Multiplied by 1.91 to be exact.
So the 5-1 favorites will now win 31.88% of the time, instead of 16.67%,
the 15-1 runners will win 11.95% of the time,
and the underdogs at 30-1 odds will still win 6.17% of the time.
When betting on this field, the expected return on your bet is 191.25%!
This means that a max bet of 10,000 chips will result in an expected PROFIT of 9,125 chips.
This is printing money, if there ever was such a thing.
Optimal strategy for Virtual Horse racing
So all you have to do, is only bet high on the games where you have an expected positive return, and bet the absolute minimum on the games where your expected return is negative. Or back out of the racing game to refresh the field.
If you don't have a way to quickly add up all the percentages, and until somebody shows up here with a neatly formatted table, just use a few general rules of thumb:
-Always bet the maximum on a race with favorites at 2/1 and 3/1 or higher in it.
-Simply skip all races with two favorites at EVENS in it, and at EVENS and 2/1. Or bet the minimum, if you can't skip or refresh the field.
-To decide if you should play races with other favorite combinations EVENS and 3/1, EVENS and 4/1, EVENS and 5/1, or two favorites at 2/1, the payouts on the other four runners determine whether or not it's profitable to play them. The results of betting on these fields vary from an expected 1,330 chip loss (worst-case) to an expected 1,680 chip win (best-case), with a max bet of 10,000 chips.
But if you're not looking for another strategy chart, you might just want to skip these borderline cases, and just cherry pick the best ones, which are easy to recognize, and with which you can never go wrong.
It's difficult to put a number on an expected win-rate, because it all depends on which fields you get presented with, but it's not unreasonable to state that you can maintain a steady win-rate of around 200,000 chips per hour, with about 50 seconds per race.
Remember, you're not trying to win every race. You're trying to win the most money per hour. So don't sweat it when you bet on a 4/1 favorite, and lose a couple of races in a row. It will still be more profitable in the long run. You have the math on your side.
To reduce negative variance, always bet on the favorite, when betting on profitable fields. We're not gambling anymore, we're grinding out a steady profit. We want to keep the swings to a minimum.
I contacted Rockstar support to verify if this is indeed how it works, but the only reply I got after 6 weeks is that they were "looking into it".
User u/Garsant made a useful Excel-worksheet, available for you to download, where you can quickly type in the payouts on the horses, to see if it produces a profitable bet or not. You can find it in his post here: https://www.reddit.com/gtaonline/comments/ekp8na/gta_online_inside_track_odd_calculato
1) Wheel of Fortune
The number one profitable casino game in GTA Online is obviously the Wheel of Fortune, because it costs you nothing to play.
Unfortunately, you only get one free spin per day, but it holds great value, so make sure you do it.
With a chance to win a super car, vehicle discounts, expensive mystery prizes (which also can be vehicles), and a lot of cash and chips, the expected return on a single spin is around $100,000 in value.
So don't forget your daily spin, it's definitely worth your time.
2020 Update:
As of the Diamond Casino Heist update, the Inside Track horse racing is confirmed to still be as profitable as outlined above.The only thing that seems to be changed, is that you can't refresh the field anymore by backing out of the screen. This does affect your hourly rate in a negative way, but does not change the fact that this game has a huge positive expected return, and should be your go-to when you're trying to take money from the house, without having Lester's nagging voice in your ear. That should also be worth something.
And with that, I conclude my 5,000 word essay on gambling in GTA. Questions, comments, feel free to add your input to this guide.
Cliffs:
-Gambling games should only be played for fun, not for big money. You should expect to lose in the long run. The house always wins.
-A casino game doesn't have a memory, and betting systems don't work.
-Set your limits before you start, how much you are willing to lose or win, and then walk away when you get there.
-Don't play slots, roulette, or three card poker.
-Only play blackjack following a basic strategy chart (https://prnt.sc/olct6g).
-Inside Track betting can be played profitably, if you only bet on fields WITHOUT a heavy favorite.
-Wheel of Fortune is always your best bet, because it's a free bet.
submitted by sircore to gtaonline [link] [comments]

Ideas for Bachelor party "Merit Badges"

I'm going to be in Vegas this weekend for a bachelor party. I'm setting up the groom with a boy scout sash and a list of merit badges he can earn while here and I would love for some input/ suggestions.
There are 20-30 spots on the sash. But I can fill 10 of those with take a shot with each member of the party if i need to. hoping to get around 30+ possible "quests"
Any "must dos" would be perfect.
Thanks in advance
Current list:
MERIT BADGES HERE If anyone wants to use them.
Name Quest merit badge pic
Aviation Do a shot on a plane plane
Bird Watching Get flashed by a Bride 2 owls
Music Appreciation Sing with an Elvis Impersonator elvis
Bartending Bride/Bridesmaid buys you a drink appletini glass
Distillery Groom buy you a drink moonshine
Taxonomy Find the same girl on two different flipper ads 2 Cats
Investigation Complete Alibi Las Vegas sherlock holms
Time/Money Management Get a piggy back ride from a stranger piggy bank
Trucking Get a lap dance from another tourist Mudflap girl
Cosmetology Kiss a bride on the Cheek Lips
Multiplicity Find groom's doppleganger twins
Diversification Chips from 5 different casinos Casino chips
Laundry Get a girls underwear / bra underwear
Confectionery Sweet Talk into VIP for free candy
Spelling Find a group who's first letter of each name spells bride's name Scrabble squares
Bull Fighting Ride a mechanical bull bull
Introductions Casino Employee with bride's name Name tag
Solitaire Get Blackjack Cards
Mountaineering Eat at Top of the world Earth/ mountain
Zipper zipline on freemont zipper badge
Italian Cuisine pizza from secret pizza at cosmo pizza slice
Fermentation tower of beer at the pub in monte carlo Beer mug (das boot maybe)
Pottery Win a game of beer pong solo cup
Gambling Hit a spin wheel of fortune slot slot machine
Travel pic of Vegas Sign mandalay bay vegas sign
Archeology pic with Roman guard at ceasers roman guard
Animation pic with Disney Character Micky Mouse
European Studies Pic of Effiel tower Effiel tower
Zoology pic of the flamingo flamingo
Safari Get a back room with a stripper Rhino
Gardening Do a body shot off a stranger Naval orange
Aerial Combat Get a bachelor laid Top Gun Logo
Investing Win $250 at one table Stock market climbing
Divesting Loss $250 at one table stock market crashing
Footwear Get kicked out of a location Boot
Trading Exchange sashes with a bachelorette Caitlyn Jenner's face
Orthopedics Get a Go Go's # from the Heart Bar in the Planet Hollywood Fingers (Digits)
High Roller Play a table with a $100 minimum Black Chip
submitted by Studsmurf to vegas [link] [comments]

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