Betting strategy question - page 11.

Hypnosis00

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Quote from: maydna on March 23, 2023, 11:43:00 PM

Quote from: Fredomago on March 23, 2023, 08:02:25 AM

Quote from: maydna on March 23, 2023, 02:37:44 AM

~snip~

Yeah, learn it if you want to win some and to control or manage your losses I can agree that if you can learn it from the process it's not just only for entertainment but it might bring some good chance that you can also win from this field, no guarantee but you need to work on it and make yourself comfortable with every strategy that you will use, taking chances to limit your losses and maybe aim for some money to win away from the house.

Even though the chance for us to win is always there, we cannot expect it to help us win because of the unlucky factor. And there is no guarantee of winning. That makes us know not to try to chase that victory. After all, we've seen plenty of examples around us of people trying to take those chances to win. Instead of being able to get that opportunity, they even suffered a bigger loss than before. If they can limit their money to gambling, they will not have that problem and can still play another day.

And so some gamblers think about cheating just to win over the house because no matter what we do, we will somehow win but lose more. If we can just record our winnings compared to the amount we lose, we can see that huge gap but doesn't really matter as long as we make fun of it. Yes, chasing our losses should not be on our minds because this will only lead to losing more. Desperation will somewhat give us no help instead, this could even compromise our decisions and gambling behavior which in the later part it give us regrets.

nullama

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Quote from: Webetcoins on March 24, 2023, 08:19:53 AM

~snip~
You can bring in as many examples as you can, and explain them with screenshots showing how people suffered extreme losses due to excessive gambling but there will still be people who will ignore all that and continue doing what they wish to do, and in this case, it's gambling until they are out of money at the end.

Some people don't care about what math says or that they have a disadvantage over the house and even if they win some bets, if they continue to gamble, their wins will eventually be turned into losses, but they will only understand once they suffer from it themselves.

You're probably right, I guess that's what keeps casinos businesses as huge as they are.

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Quote from: nullama on March 20, 2023, 06:54:40 PM

The thing is that the math tells you that you're going to lose money in the long term gambling.

You can choose to continue until financial ruin, or you can treat it as entertainment and consider the bets as the price for entertainment, and stop when it's reasonable to stop for entertainment.

You can bring in as many examples as you can, and explain them with screenshots showing how people suffered extreme losses due to excessive gambling but there will still be people who will ignore all that and continue doing what they wish to do, and in this case, it's gambling until they are out of money at the end.

Some people don't care about what math says or that they have a disadvantage over the house and even if they win some bets, if they continue to gamble, their wins will eventually be turned into losses, but they will only understand once they suffer from it themselves.

maydna

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Quote from: Fredomago on March 23, 2023, 08:02:25 AM

Quote from: maydna on March 23, 2023, 02:37:44 AM

~snip~

Yeah, learn it if you want to win some and to control or manage your losses I can agree that if you can learn it from the process it's not just only for entertainment but it might bring some good chance that you can also win from this field, no guarantee but you need to work on it and make yourself comfortable with every strategy that you will use, taking chances to limit your losses and maybe aim for some money to win away from the house.

Even though the chance for us to win is always there, we cannot expect it to help us win because of the unlucky factor. And there is no guarantee of winning. That makes us know not to try to chase that victory. After all, we've seen plenty of examples around us of people trying to take those chances to win. Instead of being able to get that opportunity, they even suffered a bigger loss than before. If they can limit their money to gambling, they will not have that problem and can still play another day.

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Quote from: CarnagexD on March 23, 2023, 09:02:37 AM

I think it would be impossible for AI to beat casino. No matter how powerful AI is it is the casino that wins and earns the profit. But I think casinos also consider this one and I doubt that they don't take any action to make sure that casino wins over AI.

Depends on what exactly you mean by "casino" I guess. If we're talking about a place that only offers classic casino games with the mathematical advantage being on the side of the house, then AI would be useless.
But if we're talking about games that have judgemental odds, i.e. sports games, then AI could be very handy in running advanced analysis to find good betting opportunities.
It could also be good for finding any potential exploits.

But the main area where AI would be most effective is playing against human players in games like poker. But we've known this for a while now.

tusandii

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Quote from: CarnagexD on March 23, 2023, 09:02:37 AM

Players always hope to use AI in their winnings but it simply cannot always happen. I think AI is capable of doing more and casinos can take advantage of it. For example, casinos can use AI to analyze gaming patterns of players and make them win for a lot of times in a certain period of time which will cause the gamblers to spend more money hoping for more winnings.

Casinos don't need to use AL to be able to analyze gamblers' game patterns so that gamblers keep on losing until they lose a lot of money because every casino game is regulated by a system that works all the time, making it difficult for gamblers to get a win.
The system in casino games has also been designed in such a way that whatever method is used by gamblers, they cannot break a system that works in every game.
If the casinos add Al to their game they will just waste money.
Casinos are a business and aim to make money so they will prefer to use what can save costs but has good quality and workmanship.

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Quote from: nimogsm on March 23, 2023, 07:20:42 AM

Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

But it seems to me that it will be powerless on gaming platforms. Most often, random is present in games and it seems to me that it will be impossible to calculate it.I have not yet seen successful cases where AI would work as a plus for the players.Perhaps their time has not yet come, but it would be interesting to see if AI beats the casino for example.

I think it would be impossible for AI to beat casino. No matter how powerful AI is it is the casino that wins and earns the profit. But I think casinos also consider this one and I doubt that they don't take any action to make sure that casino wins over AI.

Quote from: Altryist on March 23, 2023, 08:13:08 AM

Quote from: nimogsm on March 23, 2023, 07:20:42 AM

But it seems to me that it will be powerless on gaming platforms. Most often, random is present in games and it seems to me that it will be impossible to calculate it.I have not yet seen successful cases where AI would work as a plus for the players.Perhaps their time has not yet come, but it would be interesting to see if AI beats the casino for example.

If we take roulette, then I very much doubt that AI will have any advantage, since luck is the main factor there. And if we talk about playing where card counting matters, then perhaps he will beat anyone if he understands all the algorithms, but no one will allow him to play such a game, because the casino rules clearly state that counting cards is a violation. I would be interested to see what AI will be capable of in sports betting.

Players always hope to use AI in their winnings but it simply cannot always happen. I think AI is capable of doing more and casinos can take advantage of it. For example, casinos can use AI to analyze gaming patterns of players and make them win for a lot of times in a certain period of time which will cause the gamblers to spend more money hoping for more winnings.

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Quote from: nimogsm on March 23, 2023, 07:20:42 AM

But it seems to me that it will be powerless on gaming platforms. Most often, random is present in games and it seems to me that it will be impossible to calculate it.I have not yet seen successful cases where AI would work as a plus for the players.Perhaps their time has not yet come, but it would be interesting to see if AI beats the casino for example.

If we take roulette, then I very much doubt that AI will have any advantage, since luck is the main factor there. And if we talk about playing where card counting matters, then perhaps he will beat anyone if he understands all the algorithms, but no one will allow him to play such a game, because the casino rules clearly state that counting cards is a violation. I would be interested to see what AI will be capable of in sports betting.

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Quote from: maydna on March 23, 2023, 02:37:44 AM

Protecting the bankroll so that it doesn't run out quickly is our job while gambling, but not many of us really take care of it because the temptation of gambling is getting bigger. We have been allowed to take care of it and we can even pause to see the remaining balance, but we are still tempted and continue to gamble.

That makes many people experience big losses, especially when they don't have good self-control when gambling. And if they could, they could protect their balance and use it to play another day. That's why we must continue to learn to control ourselves so that we don't get other problems from gambling.

Yeah, learn it if you want to win some and to control or manage your losses I can agree that if you can learn it from the process it's not just only for entertainment but it might bring some good chance that you can also win from this field, no guarantee but you need to work on it and make yourself comfortable with every strategy that you will use, taking chances to limit your losses and maybe aim for some money to win away from the house.

Quote from: nimogsm on March 23, 2023, 07:20:42 AM

Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

But it seems to me that it will be powerless on gaming platforms. Most often, random is present in games and it seems to me that it will be impossible to calculate it.I have not yet seen successful cases where AI would work as a plus for the players.Perhaps their time has not yet come, but it would be interesting to see if AI beats the casino for example.

A plus in providing info but not a guarantee that you will have a higher chance in winning a bet with the help of AI, gambling is a risky place to bring your money, whatever system you use there's always risk once you place your bet.

nimogsm

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Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

But it seems to me that it will be powerless on gaming platforms. Most often, random is present in games and it seems to me that it will be impossible to calculate it.I have not yet seen successful cases where AI would work as a plus for the players.Perhaps their time has not yet come, but it would be interesting to see if AI beats the casino for example.

maydna

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Quote from: Fredomago on March 22, 2023, 12:44:49 PM

Quote from: maydna on March 22, 2023, 10:54:44 AM

Quote from: AicecreaME on March 22, 2023, 09:05:13 AM

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.

But unfortunately, many gamblers forget to maintain their emotions and responsibilities and still know the limits of playing gambling, so many end up suffering big losses. When we have played a few rounds, emotions can run high and that's when self-control will wane and cause us to take excessive risks. We just think that it's okay if we play a few more rounds because we see that we still have a balance in our account. But the truth is, we don't keep track of that balance so we end up using up all the money. This is the importance of self-control in gambling to avoid the temptation to continue gambling.

Without that control you will keep seeing yourself losing, but if you manage to practice the right attitude and you able to setup proper limitation not just with your losses but more on your winning target, the chance that aside from enjoying you'll manage to earn something decent out from the strategy that you use.

More on how you can find the best practice that you need to execute to protect your bankroll and to give you decent chance to win some out from the house bankroll.

Protecting the bankroll so that it doesn't run out quickly is our job while gambling, but not many of us really take care of it because the temptation of gambling is getting bigger. We have been allowed to take care of it and we can even pause to see the remaining balance, but we are still tempted and continue to gamble.

That makes many people experience big losses, especially when they don't have good self-control when gambling. And if they could, they could protect their balance and use it to play another day. That's why we must continue to learn to control ourselves so that we don't get other problems from gambling.

pawel7777

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Quote from: TheGreatPython on March 21, 2023, 10:24:29 AM

The only thing is sports betting that gives a person a little bit of advantage is if they do some research and analysis, that will increase their chances of winning a bet, but even after that, there is no guarantee and as you said, the result can always surprise you.

Not quite, no amount of research and analysis will guarantee you a win. The key is to use a better analysis than sports betting sites and spot opportunities where, in your opinion, they miscalculated the odds and set the payout rate higher than it should be.
It's not as hard as it sounds though, and such opportunities are not as rare as one would think. From my observation, they occur most often in combat sports (boxing, MMA), e.g. recent UFC Edwards Vs Usman fight.

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Quote from: maydna on March 22, 2023, 10:54:44 AM

Quote from: AicecreaME on March 22, 2023, 09:05:13 AM

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.

But unfortunately, many gamblers forget to maintain their emotions and responsibilities and still know the limits of playing gambling, so many end up suffering big losses. When we have played a few rounds, emotions can run high and that's when self-control will wane and cause us to take excessive risks. We just think that it's okay if we play a few more rounds because we see that we still have a balance in our account. But the truth is, we don't keep track of that balance so we end up using up all the money. This is the importance of self-control in gambling to avoid the temptation to continue gambling.

Without that control you will keep seeing yourself losing, but if you manage to practice the right attitude and you able to setup proper limitation not just with your losses but more on your winning target, the chance that aside from enjoying you'll manage to earn something decent out from the strategy that you use.

More on how you can find the best practice that you need to execute to protect your bankroll and to give you decent chance to win some out from the house bankroll.

maydna

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Quote from: AicecreaME on March 22, 2023, 09:05:13 AM

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.

But unfortunately, many gamblers forget to maintain their emotions and responsibilities and still know the limits of playing gambling, so many end up suffering big losses. When we have played a few rounds, emotions can run high and that's when self-control will wane and cause us to take excessive risks. We just think that it's okay if we play a few more rounds because we see that we still have a balance in our account. But the truth is, we don't keep track of that balance so we end up using up all the money. This is the importance of self-control in gambling to avoid the temptation to continue gambling.

348Judah

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Quote from: nullama on March 21, 2023, 05:30:19 PM

Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

It doesn't matter what you play, the casino always has an advantage based on the odds and payouts of the games. They designed the games to be like that.

So, even if an AI maximizes your chances of winning, still, in the long term you will lose all your money if you keep playing at the casino.

I don't think the gambling casinos on this forum in particular go against using the AI in gambling because you may at the end finds it very difficult in winning against the house, those that this actually affect were the ones that post on the forum using this unfamiliar trick, if you think you want to gamble with the aid of any bot, then its fine only if it does not operates innthe direction of cheating against the casino because their system will surely detect any attempt to do so.

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Quote from: Fredomago on March 22, 2023, 06:52:59 AM

Quote from: nullama on March 21, 2023, 05:30:19 PM

Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

It doesn't matter what you play, the casino always has an advantage based on the odds and payouts of the games. They designed the games to be like that.

So, even if an AI maximizes your chances of winning, still, in the long term you will lose all your money if you keep playing at the casino.

If you will keep playing and not to work with your limitation, then this statement is going to be true,
but if you have that capability to stop and quit while you are enjoying your profits, then that strategy will work for you.

I'm sure there are some quite experienced gamblers who know how to stay calm when they are suffering from some losses,
they are just in need to control and make sure that they can balance both winnings and losing streak.

I agree with this.

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.

Fredomago

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Quote from: nullama on March 21, 2023, 05:30:19 PM

Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

It doesn't matter what you play, the casino always has an advantage based on the odds and payouts of the games. They designed the games to be like that.

So, even if an AI maximizes your chances of winning, still, in the long term you will lose all your money if you keep playing at the casino.

If you will keep playing and not to work with your limitation, then this statement is going to be true,
but if you have that capability to stop and quit while you are enjoying your profits, then that strategy will work for you.

I'm sure there are some quite experienced gamblers who know how to stay calm when they are suffering from some losses,
they are just in need to control and make sure that they can balance both winnings and losing streak.

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Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

It doesn't matter what you play, the casino always has an advantage based on the odds and payouts of the games. They designed the games to be like that.

So, even if an AI maximizes your chances of winning, still, in the long term you will lose all your money if you keep playing at the casino.

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Quote from: Westinhome on March 21, 2023, 12:47:28 PM

The best way to learn the answer for this is by creating your own strategy ...

I don't understand why so many people repeat the "find your own strategy" mantra like it was some sort of unquestionable truth. It's not. The average gambler is very unlikely, on their own, to come up with anything close to say Kelly criterion, counting cards strategy, or a mathematical formula for finding arbitrage opportunities etc.
The best bet for most is to take advantage of the wisdom that it's already there. There's no need to reinvent the wheel.

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Quote from: BenCodie on March 21, 2023, 11:48:31 AM

Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

This thread was made the own betting strategy question,but everyone will have a different opinion and question on the betting.The best way to learn the answer for this is by creating your own strategy for the betting.Because betting is can’t learn in few days or by few games.It take minimum of 6 months to learn the own strategy,in that time period.You May loss the entire betting and sometimes some winnings.But the secret is you can win from the game after some couple of loss.Only from the loss,you can earn some strategy plans.

Topic: Betting strategy question - page 11. (Read 6114 times)