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Probably the only bad thing about online casinos is that you can't bring a lady and charm her up, but then again if you already have a lady in your house you would not take her to play computer games now would you? Should both the 'Banker's' hand and the 'Player's' hand have the same value at the end of the deal the croupier shall announce "Egalite - tie bets win." All tie bets will be paid at the odds of 8-1 and the croupier shall not touch the bets on either 'Player' or 'Banker'. [edit] This is the fallacious step in the argument. If the coin is fair, then by definition the probability of tails must always be .5, never more (or less), and the probability of heads must always be .5, never less (or more). While a run of five heads is only 1 in 32 (0.03125), it is 1 in 32 before the coin is first tossed. After the first four tosses the results are no longer unknown, so they don't count. The probability of five consecutive heads is the same as four successive heads followed by one tails. Tails is no more likely. Each of the two possible outcomes has equal probability no matter how many times the coin has been flipped previously and no matter what the result. Reasoning that it is more likely that the next toss will be a tail than a head due to the past tosses is the fallacy. The fallacy is the idea that a run of luck in the past somehow influences the odds of a bet in the future.
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They anticipate losing when they sit down and I try my darnedest not to disappoint one of them. - Amarillo Slim [edit] The traditional form of punto banco baccarat is played at an oval table, similar to the chemin de fer version. The table is staffed by a croupier, who directs the play of the game, and two dealers who collect and pay bets as well as tallying commissions due. Six or eight decks of cards are used, normally shuffled only by the croupier and dealers. Like chemin de fer, the shoe is passed around from player to player, who acts as the dealer of the cards and as "banker," but he or she does not actually bank the game. Indeed, the "banker" may bet on the player hand if he or she wishes, or may pass the shoe along to another player - the role of the "banker" is merely ceremonial. The person who bet the highest amount on the player hand is given the player-hand cards, though he or she simply turns the cards over, annoucing their total. The croupier instructs the "banker" on if or when to deal third cards, and then announces the winning hand. Slot Machine: Sevens and Stripes Roulette, as many people know, is a French word that means "little wheel". When I was researching an article on the history of Roulette a while back, I ran into some really amazing stories about its origins. One legend was that the Roulette wheel was actually derived from an early scientist's attempt at creating a perpetual motion device. His attempt failed (darn those pesky laws of physics), but the game caught on. These are common misunderstandings that arise in everyday reasoning about probabilities, many of which have been studied in great detail. Many people lose money while gambling due to their erroneous belief in this fallacy. Although the gambler's fallacy can apply to any form of gambling, it is easiest to illustrate by considering coin-tossing; its rebuttal can be summarised with the phrase "the coin doesn't have a memory". double-down restrictions: double-down allowed only on certain combinations. [edit]
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