Topic: An analogy in gambling. - page 6. (Read 959 times)

These tickets happen very rarely but they do happen. I also praise parlays or multi game tickets with a relatively low odd in total kinda like from 3 to 35 multiplier in total. I think this kind of ticket has more chances to be hit than hitting a huge multiplier in a parlay ticket. However I know people who have hit it hard in winning a huge multiplier but as I said that is a rare happening, so if you want to win often use low odds parlays and if you want to hit jackpot like winnings keep trying to hit well over 10000x parlays yet you may never hit it in your entire life.

This is a hoax. Where do you get the idea of the bolded part?

The higher your bankroll is the higher chances that will lose more money. There’s no such thing that can boost your winning chance on gambling since most of the casino games has negative EV.

Only games like poker can give you +EV that can make your statement true but in general there’s no way to boost your winning by just increasing your bankroll. You are just increasing the money that can be potential loss due to house edge.

No matter the strategy that we choose for gambling, it'll all come down to speculating about the unknown, in the end it's luck that determines our wins. I know that the higher the bankroll the more chances that we have to win, it's a simple reasoning. We can reason that the higher the multiplier the higher the chances to lose, on the other way around the lower the multiplier the lower the chances to lose. As you said some gamblers will get away with those tickets with high multipliers, and it's likely that they've lost more than what they're winning.

You need to consider that casinos generally have the "house edge" advantage, which means that over time, they are more likely to win.
To answer the question OP, my answer is yes, because higher stakes may not always be effective in the long term, keep that in mind,  particularly when the chances of hitting the desired multiplier are very slim.

Yes, but with low multiplier, it is not necessarily possible to provide greater chance of winning, this is gambling and will never be able to truly assess success with all the risks of failure that exist only based on the chances or multipliers taken from each bet.
There are various algorithms that cannot be known how they work to settle a bet, there are many gamblers with winning betting tickets reaching several thousand dollars and all of them are wins that are indeed obtained because of certain factors such as luck, not because of how many multipliers can change the chances in bet.
I personally always think that success is not because of the opportunities given by the bookie on what is superior and becomes favorite, everything whether it sports betting and also various other bets such as lottery examples, will definitely have certain factors that can turn things around and make everything end not as expected.

The higher the multiplier, the higher the chances of losing the bet, so I believe that some of the gambler who chooses to bet on games with higher odds is mostly out of greed and also some kind of attempt to risk all and focused on the potential winning instead of the possibility of losing and risking to go bankrupt in the gaming balance, this is why it is important that we consider game with lower odds because the possibility of the team to win is higher because lower odds are given to the stronger team.

Dealing up with house then we do all know that results are predetermine or simply its being designed that it will really be that gambling disadvantage on this case on which this is something that you should really be that realizing that there's no point on applying any strategies into it because you are bound to lose in the end of the line. Somehow if luck is on your side then you might be able to have some good hits but of course the time or moment that you would really be cashing out those bets will really be that something that will be that basing up into your own preference. Everything would really be considered as coincidence and it is really just that there are people who do really loves on trying out to believe into things that they are actually that giving some effects or influence in towards gambling results.

It's not the same, sports gambling is pure luck, casino slots for example are math.
With a sports book, you could play 100 games and not win one, or be a real whatever sport fan and knowledge guru and nail 100 scores one after other, the problem with slots is that they are predetermined to let users win a portion of the total pot so sooner or later you will still lose, the more you play the more your wins and losses will start aligning to the math and the percentages of return.

Now in terms of small bets now and there, again it's math, your chances of hitting a 100x multiplier are nearly the same of nailing a 100:1 bet, it will happen at one point but till then you're going to lose a ton.

Yes, I so much agree with you on what you just said above, as it's actually because of its ability not to be predictable that has made gambling lucrative which everybody wishes to venture into today (i.e both gamblers & casino owners). Because if casino bets with higher odds and lower chances of winning were to always cut as predicted, then the beauty of gambling would have been short lived, as many would have been cashing out while the casino goes bankrupt, hence, it is it's ability how both small or big odds could win or lose depending on their performance, is what has kept gambling going on smoothly over the years.

If you consider all the bets and gameplays that are made every day it is clear that there is the possibility that some very high odds will be realized. it is the same mechanism in all gambling activities... if all the results were predictable and there were never an out of the ordinary event, gambling would not have the same diffusion or maybe It will be just useless

Until recently, I thought that gambling and betting were inseparable concepts. I thought betting was part of gambling, but it's not. It turns out that despite all the common similarities, these are different phenomena. And there are many things in common: bets in any size, the influence of luck, excitement, the opportunity to get addicted.
Nevertheless, it turns out that the governments of different countries have very different attitudes towards betting and gambling. For example, betting is very often allowed, and casinos are prosecuted.

Although I don't believe that analogy, I think that can happens to some gamblers who have big luck. This matters can only be explain if they have big luck on gambling so they can win much money. Besides that, they can wins on almost every tickets they have.

Maybe all of that is because coincidence or something that we can't understand why that can happens. But that is happens for them and we can't follow them as we don't have the same luck like them. The casino doesn't like if many gamblers wins on their place and they will do something to prevents that. Maybe casino can allow some gamblers to wins but most of gamblers will lose their money.

As far as I know, every gambler has their own style and analogy in gambling. Moreover, we in Asia have different styles of betting. what I mean is in sports betting. That's why we look more at options, one of which is the term Asian handicap betting. I usually bet on football, but it's the same, odds are the main option we see and refer to when making bets. Every opportunity has been provided by the bookie, or casino. So, now which choice will you make? the lowest odds, or ideal odds according to someone's analogy refer to the bet. for me personally, we have been presented with various choices according to our taste and style if. also, based on the results of research and analysis.

Honestly, that's why I don't like odds that are too low. automatically, thus I will look for opportunities that have a probability equivalent to what I am betting on. with various methods, research and analysis, we ultimately produce conclusions and results for us to take when betting. Plus, I'm not really trying to get rich overnight when betting. or, the very high odds I took. that is the wrong rule, because I have to adjust it to my betting principles. ideally, bet only on a few matches. If possible, from all the available matches you can choose one match among them. I mean, the less the better, whatever the odds, the risk of losing is always with us. That's also why I'm not too serious about parlay betting. Just imagine, to wait for the result of a match, win or lose, the probability of whatever the outcome is is wide open.

So, how to make a $800k ticket?, that's tough dude. except, we choose the parlay option with the number of matches selected. The lowest odds are the option, however, the question is how much probability do we have of winning. I think, it depends on how willing we are to lose and risk money in it. but I'm not at all interested, one or two matches is enough with ideal odds. for me, it's that simple.

Isn't an analogy a parable that is often talked about by bettors regarding an event or parable that has been won or bet on in gambling, Isn't an analogy something that can be said to be a technique with the concept of re-betting as has happened and is known to previous gamblers and how can you trust that when betting.

As far as I know, gambling is basically just playing and luck, never compare other games that have been played with games that have not been played, It can be fatal in betting, even if you believe in the equation, there is no chance of guaranteeing one game versus another.

Gamble on your own instincts and beliefs, not based on the results of an analogy or something similar that has not yet happened.

Normal I guess in accordance to the concept of odds, meaning, the chance of winning. Bugger the odds means higher difficulty of your bet to cut in. Same reason why some people prefer low odds and are just increasing their bets because they believe that it has higher chances of winning. They're not wrong on this as well however nothing's guaranteed in gambling. Again, everything's done based on luck. Some people are indeed winning big amounts but with that, of course more people are losing which creates a balance with win-loss ratio on gambling provider's end. Best still to focus on the amount you wager, as we all know to manage the consequences of our bets. There's a difference between being lucky and being logical in gambling. You could either embrace the risk or seek for better chances.

With low odds as well. If someone is gambling but have a money that he does not want to lose, the person should not use it to gamble at all be it high odd or low odd. I have seen people that took 1.01 to 1.1 odd in sport matches before and surprisingly lost the bet. All odds are set by the bookies in a way that people that are gambling on their site will most likely lose than gain.

Bookies are giving high odds for so many reasons. And definitely, it is not because they want to bankrupt their site. So we can say, as much as possible, it is always for the benefit of their business. And if the gambler will go to choosing higher odds, he should very well understand the consequence that he will be more on the losing end. And if he can't afford to lose such money, better think twice before finally placing his bet.

Well, the higher the stake, the higher the risk, and most likely it could end badly, but that is the beauty of sports betting: you can only have two possible outcomes, whether you win or lose, because there are only two teams fighting in a sportsport, unless you are only betting on different odds, like specific points for a player, a player, etc. Anyway, that's why it's better to bet on small, odd bets because we can assure good predictions and, of course, win. No matter how small the profit, if there are many small profits, it could be a big profit if combined. Anyway, that is the nature of gambling. As long as you increase the odds or the possible winnings, you will also have the slimmest chance of winning, and that's natural. It's up to the gambler if he or she will take the risk, but of course you should be ready for the consequences.

There is no way a belief of any kind has a role to play in the  prospects of odds playing or not. It's a common axion to know that high odds games has slim chances of getting us a winning while low odds are the ones with greater winning chances. It's a statistic that bookmakers are aware of and  uses It to the house advantage except in lucky grounds that we gambler get to profit from higher stakes. I would have agreed with others who say it's a 50/50 but calculating how many times we gamblers get to win using higher-up odds to that of losing its within reason to say it's actually a 30/70 chances than 50/50.

This is not a coincidence nor belief. It’s pure statistics and probability of the team for that specific match. It’s like a chess piece which you knew the piece potential and what they can do in the game.

Sportsbook is very good on sports analysis since they can provide fair odds on each event based on the possible outcome. That’s why you should be familiar on sports that you are betting so that you can verify how fair the odds is.

Low odds means the bet has a high chance of winning and vice versa.