The Diamond Casino Heist is a content update for Grand Theft Auto Online, released on December 12th, 2019. 1 Description 2 Content 2.1 The Diamond Casino Heist 2.2 Properties 2.3 Jobs 2.4 Characters added to GTA Online in this update 2.5 Character Customization 2.6 Collectibles 2.7 Weapons 2.8 Vehicles 2.9 Radio 3 Changes 4 Discounts & Bonuses 5 Gallery 5.1 Official Screenshots 5.2 GIFs 5.3. Is there any first time bonus when doing the diamond casino heist? Like will you get double money or something if you do the finale for the first time? This thread is archived. New comments cannot.

The Diamond Casino Heist is a heist introduced to Grand Theft Auto Online in The Diamond Casino Heist update. 1 Description 2 Preliminary Setup 3 Setup 4 Preparations 5 Casino Heist 6 Navigation — Rockstar Newswire This Heist can only be played while being in a CEO or VIP Organization or being in a Motorcycle Club and the CEO/VIP/MC President must own an Arcade in order to start The Casino. GTA Online How To Change VAULT CONTENT for Diamond CASINO HEIST Swap Between CASH, GOLD & ARTWORK (Easy Guide) Heist Bi. Double Rewards On Casino Work And Missions In GTA Online This Week by Aron Gerencser published 1 year ago 1 year ago We're all stuck at home due to the COVID-19 pandemic sweeping the globe right now, giving us the perfect opportunity to grind up some cash in Grand Theft Auto Online.

Gamblers’ goals are as varied as gamblers themselves. Some gamblers just want to have a good time regardless of how much money they lose. Others want to grind out small wins over a long period of time. Some just want to get free buffets and cocktails.

There’s no right or wrong way to gamble, as long as you’re not hurting yourself or other people. But gambling addiction is beyond the scope of this post.

One popular goal that a lot of gamblers set for themselves is to double their money. This post explains some of the best ways to double your money in the casino.

You might not like these strategies, though, because many of them aren’t as fun as other ways of gambling.

The amount of money you put on a single bet compared to the size of your bankroll can be considered your boldness.

For example, if you have a $1000 bankroll, and you’ve found a casino that allows you to play blackjack for a dollar per hand, you’re not being very bold at all. You’re risking 0.1% of your bankroll on each hand.

Take that same $1000 bankroll and bet it all on red on a roulette wheel, and you’re making the boldest bet you possibly could. (That boldness isn’t related to betting on roulette, though—it’s maximum boldness because of the amount, not the game.)

If you want to know what your best chance of doubling your money when gambling is, it depends on whether you’re playing a game where you have the edge or where the casino has the edge.

Most of the time in most casino games, the casino has the mathematical edge. In that case, a maximum boldness strategy offers you the best chance of doubling your money.

Rare gamblers with advantage strategies, like card counters, have an edge over the casino. In this case, a minimum boldness strategy is the approach that will be most likely to provide you with a shot at doubling your money.

Here’s why:

With a negative expectation game, the more bets you make, the closer you get to the long run. And since the negative expectation is a long-term result, the closer you get to the long-term, the more likely you are to lose money. The short run is your friend when it comes to gambling on negative expectation games.

With a positive expectation game, though, the worse the short run is for you. In the short run, the results are unpredictable. This means you could go broke in the short run even if you’re playing with a mathematical edge over the casino.

An Example from the Game of Roulette

Unless you’re a biased wheel specialist—which is beyond the scope of this post—roulette is a game where the house has a clear edge against the player. You have 38 numbers on a standard roulette wheel. The even money bets all have 18 opportunities to win versus 20 opportunities to lose.

Here’s how that works:

The even-money bets on a roulette wheel are as follows:

Even or odd
High or low
Red or black

The numbers on the roulette wheel are 0, 00, and 1 through 36. If you bet on even, there are 18 numbers which can win for you: 2, 4, 6, 8, 10, 12, 14, 16, 18, 20, 22, 24, 26, 28, 30, 32, 34, and 36.

Any odd number or any 0 or 00 is a loser for you with that bet.

The high numbers on the roulette wheel are 19 through 36, while the low numbers are 1 through 18. If you bet on high, you have 18 ways to win and 20 ways to lose.

2 of the numbers on the roulette wheel, the 0 and the 00, are green. Half of the rest of the numbers are red, and the other half are black. That’s 18 ways to win if you bet on red.

The probability of something happening is the number of ways it can happen divided by the number of total possible outcomes. So the probability of winning any of these even money bets is 18 divided by 38. (18 ways to win, and 38 total possibilities.)

18/38 = 47.37%

You can express that probability in multiple ways, but most people understand percentages in a reasonably intuitive way. Most people know that 47.37% is a close to 50% shot, which is roughly half the time.

A 47.37% chance of doubling your money isn’t bad, though. Now let’s see what happens to the probability of doubling your money if you divided your bankroll in half and made 2 bet. You’d have to win both bets, right?

The probability of winning 2 bets in a row is the probability of winning each of them multiplied by each other. That’s 47.37% X 47.37%, or 22.44%. That’s a little more than 1 in 5 but not as good as 1 in 4. It’s a far cry from 1 in 2. https://newswitch.amebaownd.com/posts/20456217.

Here’s why:

When you place 2 bets on an even-money bet at the roulette table, you have to win both of them. But you have roughly equal probabilities of seeing the following results:

You’ll win both bets. (22.44%)
You’ll lose both bets. (27.70%)
You’ll win the 1st bet but lose the 2nd bet. (24.93%)
You’ll win the 2nd bet but lose the 1st bet. (24.93%)

Your probability of losing is always slightly greater in these situations, but there are 4 possible outcomes instead of just 2.

Most gamblers do want to do more than double their money on a single bet, though. They want to gamble a lot. And some of them even want to make a living doing it.

These people are called “advantage gamblers.” They’re card counters, pro poker players, and sharp sports bettors. The thing about all these advantage gamblers is that they all operate with a small edge over the house (or the other players).

Remember how the casino has a small mathematical edge over the player?

This is what gives the player a reasonable chance to double his money if he makes a single bet. You’re taking advantage of how unpredictable the results are in the short run.

If you have a small advantage over the casino, though, your goal becomes getting into the long run. By getting into the long run, you’re able to compound that small edge repeatedly. You just have to avoid going broke in the short run.

Let’s assume you’re hosting a roulette game in your home, but your start-up costs are limited. (Think of the Will Ferrell movie The House.) You have $10,000.

A high roller finds out about your game and comes to your house wanting to bet $10,000 on a spin of the roulette wheel. You’re more likely to win that bet than he is, sure. Your probability of winning, since you’re the house, is 52.63%.

But do you really want to take a 47.37% probability of going out of business because of a single bet?

The risk level is too high. This leads to an important principle—when you have an edge, a minimum boldness strategy is correct. When the house has an edge, a maximum boldness strategy is best.

This is why casinos have betting minimums at their casino games. At many casinos, the most you can wager on a single spin of the roulette wheel is $500.

Let’s look a real example of an advantage gambler in action, since most people don’t host roulette games in their homes. Let’s assume you’re a card counter.

Most card counters have an edge of maybe 1% over the house, give or take. But they s

Double Money Casino Heist