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Now suppose that we have just tossed four heads in a row. A believer in the gambler's fallacy might say, "If the next coin flipped were to come up heads, it would generate a run of five successive heads. The probability of a run of five successive heads is 0.55 = 0.03125; therefore, the next coin flipped only has a 1 in 32 chance of coming up heads." Safety and privacy. An online casino will not try to film you and whom you walked in with. You wouldn't be kicked out of the online casino if you don't observe the dress code (we don't have a dress code!), if you win too much (like they always do in the movies!) or if they simply don't like you. You can play games in an online casino while wearing boxers and flipflops. And you can do it with beer in your hand, a cigarette or whatever is it that you prefer to consume. The online casino doesn't care. No one has to know that you do it, and no one does. It's absolutely your business and not anyone else's. The online casinos know better than abusing your trust: they just don't get the opportunity to cheat you. Besides, all serious online casino businesses employ latest state of the art encryption technologies to protect the players' privacy. When entering an online casino, study their privacy statement! The hard core security technologies that online casinos employ are designed to protect the player because it is the player that is the most valuable asset of online casinos If the 'Banker' has an initial total of 0, 1 or 2, the 'Banker' draws another card. By adopting the strategy outlined in the book you virtually eliminate the house advantage, allowing you to play out the wager requirements, without losing the free bonuses. When the probability of different events is not independent, the probability of future events can change based on the outcome of past events. An example of this is cards drawn without replacement. It's true that once a jack is removed from the deck, the next draw is less likely to be a jack and more likely to be of another rank.
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Some of you may have heard about Cynthia Haines. Most of the online casinos know her name. Cynthia Haines is a woman from California who ran up $115,000 in credit card debts by gambling online. When it came time to pay up she refused. [edit] Early surrender; the ability to forfeit half your wager against a face or ace before the dealer checks for blackjack. If the dealer does not have a natural, then the first player completely plays out his hand, followed by the next player, and so on. When all the players have finished the dealer plays his hand. [edit] If the 'Player' has an initial total of 6 or 7, the 'Player' stands and draws no further card. For example, the official house advantage for a casino game might be 1%, and thus the expected value of return for the gambler is 99%. However, this math would only be true if the gambler never used the results of a winning bet again. Thus after gambling 100 dollars the idealized average gambler would be left with 99 dollars, but, if he continued to bet using his 99 dollars in winnings, he would again lose 1% on average and his expected value would go down to 98.01 dollars. This downward spiral continues until the gambler's expected value approaches zero: gambler's ruin.
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