You do! We all do.
Poker should be fun and relaxing way to spend your time. That is what you tell yourself when you put off learning the math side of it.
Who needs a headache when you can just wing it?
That is probably why so many of the new customers that come to poker/casino sites head over to the casino side of things (or so I’ve been told).
They rather leave it to “luck” and in exchange get their rush of excitement.
But as you probably know - those games will eventually bleed you dry.
Sometimes you can even see an offering that seems too good to be true, and it usually is.
The Bling Bling
I stumbled upon a casino game at one poker site. At first it sounded dreamy with only 12% chance of losing.
The game had 25 tiles (5x5 grid) on a table. 22 of the tiles were winners, and 3 of them made you go bust.
Guess even one tile correct and your ROI goes to 10% and you can cash it out right away.
Or, pick three winning ones in a row and your ROI jumps to 15%, and so on, and so on…
The greedier you get the less chances of winning you’ll have.
If you pick only one tile your chance of getting it right is 88%. Sounds easy, eh?
Pick three in a row and you still have close to 67% chance of winning.
But if you really start to think of grinding this further as a simple way of making money - Do the Math First.
Let’s say you pay 10 cents per game and you are okay with only 10% ROI.
100 games would cost you 10 dollars. On average you would win 88 of those games and receive only 88 x 11 cents = $9,68.
You lose money in the long run.
Getting three tiles in a row will give you 15% ROI but your chances drop to just under 67%.
This means that on average you will win 2 out of 3 games which still doesn’t make you a winning player. You simply break even at best.
So what’s the morals of this story?
If you want to make money in gambling you should at least play games where your skills can give you an edge over weaker players, because you can never beat the house.
But first you need to acquire those skills.
If poker is your game learning the math (which is more simple than you think) will give you an edge over weaker players in the long run. Avoid math and you might make decisions that look good but eventually you’ll end up loosing to someone who had the tenacity to do their homework.
The choice is yours!