Post
Topic
Board Gambling discussion
Re: Can i make 100 $ daily from online casinos
by
pawel7777
on 15/08/2023, 07:32:21 UTC
Simply put, no.

Let's prove it with math. Let's say you found a way to make $100 a day betting on a casino. Let's say the betting is as good as a 50/50 coin toss probability (most games are way worse than that for the gambler).

Day one: 50% chances of winning $100.

Day two: 0.5 * 0.5 = 25%

Day three: 0.5 * 0.5 * 0.5 = 12.5%

Day four: 0.5^4 = 6.25%

etc...

He said he has $2k of available funds, so he "only" needs to make 5% a day, meaning he could choose a game with 95% chance of wining (i.e. dice) and assuming there's no house edge at all.
So the daily probability would look slightly better than your chart, but the point still stands, he would go bust pretty quickly.