Betting strategy question - page 14.

nullama

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Quote from: len01 on March 13, 2023, 09:53:50 AM

~snip~
because luck will come to those who are willing to take risks. in the sense that if luck is waiting for us but don't do anything or don't make any bets, how is it possible that luck will come.

like we have a strategy that we have made but we don't bet anything in our strategy, even though the strategy that is made is luck waiting for us.

Maybe, maybe not.

That's the whole point of "luck", which really is just probabilities.

You can estimate the probabilities of someone winning a game. Then check the payouts. In general, casinos make these calculations very precisely and make sure they always have an advantage.

That's why in the long term the house always wins, because even if someone gets "lucky" and wins big, which is unusual but happens, they will probably continue playing anyway, eventually losing all their winnings.

Wiwo

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Quote from: Fredomago on March 13, 2023, 04:55:33 AM

I agree with that, better to analyze and take some risk in hope that there's a good chance that you might win something, I mean, if you analyze the game and you see that there's some chance then why not bother to spare some money on it and see what will be the outcome, though most of the time it will be depending from how a gambler will take it.

If you are willing to gamble with luck, then so be it. Who knows what the future will bring you when luck back you up with your bet, right?

Gambling and Luck are two inseparable terminologies that are closely interrelated in action, whether or no you playing for fun or staking an amount with the target and hope of winning something big ifs important to make an accurate analyses that could aid your winning the games session there by increasing your total balance.

-Risk management is an important aspect in gambling for whatever direction you may want to look at it from.

-Being able to. Make the right decision is what determined the state you will be in at that end of your game session.

fullhdpixel

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Quote from: Fredomago on March 13, 2023, 04:55:33 AM

I agree with that, better to analyze and take some risk in hope that there's a good chance that you might win something, I mean, if you analyze the game and you see that there's some chance then why not bother to spare some money on it and see what will be the outcome, though most of the time it will be depending from how a gambler will take it.

If you are willing to gamble with luck, then so be it. Who knows what the future will bring you when luck back you up with your bet, right?

In gambling we have these so called odds. If you have done an analysis and think that the odds are realistic/fair enough or you think that your chance of winning is good, go ahead and place your bets but these amounts must not be too huge. We must only stick with our capacity just in case the bad luck wins over the good ones. In gambling luck is always involved. It is one of the recipes to win.

Willing or not willing, luck will still decide if we will be a winner or not. If luck backs you up with your bet, your future is going to be bright but we must also realize that luck has a limitation so we must learn when to stop betting if we don't want to lose our previous winnings.

len01

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Quote from: Fredomago on March 13, 2023, 04:55:33 AM

Quote from: nullama on March 12, 2023, 09:31:59 PM

Quote from: Fredomago on March 12, 2023, 09:00:59 PM

~snip~
Set limitations and understand all the risk that you can possibly encounter during your gambling sessions.

With those knowledge and acceptance you can save your butt in losing a lot of.

Make sure to analyze and undertand before doing anything, remember that it's your money that in stake so better to make a good

analysis before playing.

Yeah, but at the end of the day if you actually run the analysis you'll realize that the expectation is that you're going to lose money.

That's what the math says.

So, you could treat it as entertainment and budget it accordingly.

Or you could use the math to take risks up to a certain level. I mean, it's better to have a small risk than a huge one. Some people play games that are almost impossible to win and they don't even pay a lot. That's just poor risk analysis

I agree with that, better to analyze and take some risk in hope that there's a good chance that you might win something, I mean, if you analyze the game and you see that there's some chance then why not bother to spare some money on it and see what will be the outcome, though most of the time it will be depending from how a gambler will take it.

If you are willing to gamble with luck, then so be it. Who knows what the future will bring you when luck back you up with your bet, right?

because luck will come to those who are willing to take risks. in the sense that if luck is waiting for us but don't do anything or don't make any bets, how is it possible that luck will come.

like we have a strategy that we have made but we don't bet anything in our strategy, even though the strategy that is made is luck waiting for us.

Fredomago

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Quote from: nullama on March 12, 2023, 09:31:59 PM

Quote from: Fredomago on March 12, 2023, 09:00:59 PM

~snip~
Set limitations and understand all the risk that you can possibly encounter during your gambling sessions.

With those knowledge and acceptance you can save your butt in losing a lot of.

Make sure to analyze and undertand before doing anything, remember that it's your money that in stake so better to make a good

analysis before playing.

Yeah, but at the end of the day if you actually run the analysis you'll realize that the expectation is that you're going to lose money.

That's what the math says.

So, you could treat it as entertainment and budget it accordingly.

Or you could use the math to take risks up to a certain level. I mean, it's better to have a small risk than a huge one. Some people play games that are almost impossible to win and they don't even pay a lot. That's just poor risk analysis

I agree with that, better to analyze and take some risk in hope that there's a good chance that you might win something, I mean, if you analyze the game and you see that there's some chance then why not bother to spare some money on it and see what will be the outcome, though most of the time it will be depending from how a gambler will take it.

If you are willing to gamble with luck, then so be it. Who knows what the future will bring you when luck back you up with your bet, right?

nullama

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Quote from: Fredomago on March 12, 2023, 09:00:59 PM

~snip~
Set limitations and understand all the risk that you can possibly encounter during your gambling sessions.

With those knowledge and acceptance you can save your butt in losing a lot of.

Make sure to analyze and undertand before doing anything, remember that it's your money that in stake so better to make a good

analysis before playing.

Yeah, but at the end of the day if you actually run the analysis you'll realize that the expectation is that you're going to lose money.

That's what the math says.

So, you could treat it as entertainment and budget it accordingly.

Or you could use the math to take risks up to a certain level. I mean, it's better to have a small risk than a huge one. Some people play games that are almost impossible to win and they don't even pay a lot. That's just poor risk analysis

Fredomago

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Quote from: erep on March 12, 2023, 03:50:59 PM

Quote from: worldofcoins on March 12, 2023, 01:38:49 PM

It's possible to think that "We'll stop after playing x bets/amount a day whether it's winning or losing," But it's hard to stick to that plan.

For example, someone hits a losing streak and wants to recover that amount on the same day but ends up losing all the balance and going broke.
It's easy to set limits than to follow them.

We must apply the strategy you mentioned above, gambling must determine limits and if someone experiences a losing streak then you have no chance of recovering losses on the same day, if you force yourself to bet then you will experience higher losses.

It is recommended that you set a limit for gambling funds and if you experience a loss then there is another opportunity to recover losses, you also have to analyze previous losses to get a chance to win for the next bet.

Set limitations and understand all the risk that you can possibly encounter during your gambling sessions.

With those knowledge and acceptance you can save your butt in losing a lot of.

Make sure to analyze and undertand before doing anything, remember that it's your money that in stake so better to make a good

analysis before playing.

erep

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Quote from: worldofcoins on March 12, 2023, 01:38:49 PM

It's possible to think that "We'll stop after playing x bets/amount a day whether it's winning or losing," But it's hard to stick to that plan.

For example, someone hits a losing streak and wants to recover that amount on the same day but ends up losing all the balance and going broke.
It's easy to set limits than to follow them.

We must apply the strategy you mentioned above, gambling must determine limits and if someone experiences a losing streak then you have no chance of recovering losses on the same day, if you force yourself to bet then you will experience higher losses.

It is recommended that you set a limit for gambling funds and if you experience a loss then there is another opportunity to recover losses, you also have to analyze previous losses to get a chance to win for the next bet.

JooBra

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Quote from: worldofcoins on March 12, 2023, 01:38:49 PM

Quote from: wiss19 on March 12, 2023, 12:36:48 PM

Quote from: Fredomago on March 12, 2023, 10:13:39 AM

if you allocate money to use with your entertainment and you choose to gamble to be entertained then it's going to be okay if you lose your money, though if you are betting and your intentions is to double or more your initial capital then the chance of being aggressive will always be there with you.

Unless you have good limitations with your bankroll and you know how to stop when you needed to stop, then the chance
is good that you will be able to manifest with some strategy that you will going to use.

Someone can also play with multiple strategies and limits they've set for themselves. That way, they can reduce the chances of gambling more than the allocated funds, and be able to also enjoy their time gambling while having no mental pressure when they finish gambling for every specific day. If I was to do something like that I would do it this way:

A limited budget for a day to gamble. If that runs out, you stop right there and don't gamble more. And, a specific win target as well, and if you hit that target for that day, you also stop gambling and wait for the next day. This way, if you lose your limited budget for each day, that's just the normal routine, but if you reach the winning target for about 2 or 3 days a week, you will have some profit from that.

It's possible to think that "We'll stop after playing x bets/amount a day whether it's winning or losing," But it's hard to stick to that plan.

For example, someone hits a losing streak and wants to recover that amount on the same day but ends up losing all the balance and going broke.
It's easy to set limits than to follow them.

For me when betting with strategy I have bigger satisfaction to see will my strategy work or not. But I always bet small so I never had a urge to recover my bets since thay are mostly small.

worldofcoins

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Quote from: wiss19 on March 12, 2023, 12:36:48 PM

Quote from: Fredomago on March 12, 2023, 10:13:39 AM

if you allocate money to use with your entertainment and you choose to gamble to be entertained then it's going to be okay if you lose your money, though if you are betting and your intentions is to double or more your initial capital then the chance of being aggressive will always be there with you.

Unless you have good limitations with your bankroll and you know how to stop when you needed to stop, then the chance
is good that you will be able to manifest with some strategy that you will going to use.

Someone can also play with multiple strategies and limits they've set for themselves. That way, they can reduce the chances of gambling more than the allocated funds, and be able to also enjoy their time gambling while having no mental pressure when they finish gambling for every specific day. If I was to do something like that I would do it this way:

A limited budget for a day to gamble. If that runs out, you stop right there and don't gamble more. And, a specific win target as well, and if you hit that target for that day, you also stop gambling and wait for the next day. This way, if you lose your limited budget for each day, that's just the normal routine, but if you reach the winning target for about 2 or 3 days a week, you will have some profit from that.

It's possible to think that "We'll stop after playing x bets/amount a day whether it's winning or losing," But it's hard to stick to that plan.

For example, someone hits a losing streak and wants to recover that amount on the same day but ends up losing all the balance and going broke.
It's easy to set limits than to follow them.

wiss19

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Quote from: Fredomago on March 12, 2023, 10:13:39 AM

if you allocate money to use with your entertainment and you choose to gamble to be entertained then it's going to be okay if you lose your money, though if you are betting and your intentions is to double or more your initial capital then the chance of being aggressive will always be there with you.

Unless you have good limitations with your bankroll and you know how to stop when you needed to stop, then the chance
is good that you will be able to manifest with some strategy that you will going to use.

Someone can also play with multiple strategies and limits they've set for themselves. That way, they can reduce the chances of gambling more than the allocated funds, and be able to also enjoy their time gambling while having no mental pressure when they finish gambling for every specific day. If I was to do something like that I would do it this way:

A limited budget for a day to gamble. If that runs out, you stop right there and don't gamble more. And, a specific win target as well, and if you hit that target for that day, you also stop gambling and wait for the next day. This way, if you lose your limited budget for each day, that's just the normal routine, but if you reach the winning target for about 2 or 3 days a week, you will have some profit from that.

Fredomago

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Quote from: LUCKMCFLY on March 10, 2023, 05:21:35 PM

Quote from: Betwrong on February 27, 2023, 05:49:37 AM

Quote from: pawel7777 on February 23, 2023, 05:34:14 PM

Quote from: fullhdpixel on February 23, 2023, 02:50:08 PM

Betting small is the only way to last long in the game.

Why would you care about lasting long in gambling at all? That's a strange goal to have.

I'd much rather lose $100 in a minute, than keep playing whatever game for say a couple of days and lose the same amount - because then I'd also lose a lot of time, and you can't buy or win that back.

The thing is that for many people, myself included, gambling without earning anything significant, or even losing a bit of your money, is not wasting of time. We use gambling for entertainment and relaxation, not for income generation. Hence the formula: the longer you last with the money allocated for gambling the better.

It's not always like that, of course. Every gambler knows that there are times when you can't stop, and you keep betting, and you feel exhausted in the end, and some money lost on top of that, and stuff. But with those gambling for fun this happens much less often than with those playing for profit.

It's that this is the secret, you can't do more, if a person plays for fun and has his money destined for fun and if he loses it, it doesn't hurt because the person's enjoyment remains.

There are players who enter a casino with the intention of multiplying their money, and that thought is not good, because if you bet and lose, you want to recover the money lost by making a bigger bet and thus what they will achieve is losing all their money. , sometimes they use the martingale, which is the most reckless strategy.

A player has to know how to lose and win, if one as a player loses he must retire assuming the loss, but afterward it is not worse.

I can agree to that opinions, if you allocate money to use with your entertainment and you choose to gamble to be entertained then it's going to be okay if you lose your money, though if you are betting and your intentions is to double or more your initial capital then the chance of being aggressive will always be there with you.

Unless you have good limitations with your bankroll and you know how to stop when you needed to stop, then the chance
is good that you will be able to manifest with some strategy that you will going to use.

Betwrong

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I stand with Ukraine.

Quote from: nullama on March 06, 2023, 09:37:10 AM

Quote from: Betwrong on March 06, 2023, 05:37:45 AM

~snip~
We weren't talking about gaming, though.

We discuss here gambling, right? Global video game market is actually larger than gambling market, but let's drop it, because it's out of topic entirely. Let's at least stick with gambling here, ok? Speaking of which, no, it's not a valid argument that "gambler can lose so much more money in the same amount of time than a gamer". Gambler can win a lot too, right? Casinos get their revenue from the house edge, not from what this or that gambler loses.

Casinos absolutely get their money from gambler loses.

Last time I checked some real world numbers, a casino was making about 3% of their net gains from alcohol (note that most bars and restaurants survive on alcohol sales alone basically), and the rest was money received from gambling losses.
~

Well, that's where we, You and I, differ in our opinions. I don't mind. People should have different opinions, life is more fun that way.

But from what I know, losses and winnings more or less compensate each other, and the profit for casinos comes from the house edge, and, you are right, from alcohol sales inside, and also, if we are talking about land-based casinos, there's also hotel and restaurant revenue, some retail revenue, and stuff like that.

pawel7777

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Quote from: Betwrong on February 27, 2023, 05:49:37 AM

The thing is that for many people, myself included, gambling without earning anything significant, or even losing a bit of your money, is not wasting of time. We use gambling for entertainment and relaxation, not for income generation. Hence the formula: the longer you last with the money allocated for gambling the better.

It's not always like that, of course. Every gambler knows that there are times when you can't stop, and you keep betting, and you feel exhausted in the end, and some money lost on top of that, and stuff. But with those gambling for fun this happens much less often than with those playing for profit.

I missed this post, just noticed it quoted by LUCKMCFLY.

What you wrote makes some sense but I don't quite buy it. What's entertaining in gambling is the hope of winning and making a profit. That's the underlying appeal of it. I don't think you'd even enter any casino or log in to any gambling site if you 100% knew you will end up poorer than you were before entering. i.e. would you play roulette if every field was a losing one, but the max bet was $0.01, meaning you could last long hours with say $10. Probably not, spending $10 just to watch the wheel spin would be a waste of time.

Personally, I hated times when I spent hours on a poker site and ended up with a loss or in a break-even position. Not because of the money lost, but because of the realisation of the wasted time. Sure, there was some entertaining factor in it, but it's not like entertainment is a primary goal in life. You could spend that time doing something more meaningful and fulfilling.

LUCKMCFLY

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Quote from: Betwrong on February 27, 2023, 05:49:37 AM

Quote from: pawel7777 on February 23, 2023, 05:34:14 PM

Quote from: fullhdpixel on February 23, 2023, 02:50:08 PM

Betting small is the only way to last long in the game.

Why would you care about lasting long in gambling at all? That's a strange goal to have.

I'd much rather lose $100 in a minute, than keep playing whatever game for say a couple of days and lose the same amount - because then I'd also lose a lot of time, and you can't buy or win that back.

The thing is that for many people, myself included, gambling without earning anything significant, or even losing a bit of your money, is not wasting of time. We use gambling for entertainment and relaxation, not for income generation. Hence the formula: the longer you last with the money allocated for gambling the better.

It's not always like that, of course. Every gambler knows that there are times when you can't stop, and you keep betting, and you feel exhausted in the end, and some money lost on top of that, and stuff. But with those gambling for fun this happens much less often than with those playing for profit.

It's that this is the secret, you can't do more, if a person plays for fun and has his money destined for fun and if he loses it, it doesn't hurt because the person's enjoyment remains.

There are players who enter a casino with the intention of multiplying their money, and that thought is not good, because if you bet and lose, you want to recover the money lost by making a bigger bet and thus what they will achieve is losing all their money. , sometimes they use the martingale, which is the most reckless strategy.

A player has to know how to lose and win, if one as a player loses he must retire assuming the loss, but afterward it is not worse.

pawel7777

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Quote from: masulum on March 07, 2023, 10:11:41 AM

Quote from: Viscore on March 06, 2023, 02:19:25 PM

That could be true too as gamblers still find it exciting to play slot games even if we already know it’s clearly a luck-based game, maybe because they still anticipate for a good win by following some special patterns they reserved for slot games. And to think that it could work for some gamblers, I guess it’s not bad too if we can also try making it. After all, gambling is gambling, it’s outcome will always be unpredicted, and it’s what keep us from coming back in gambling.

I'm still not completely sure about that. If there really is a pattern (even though it doesn't guarantee winning bets) and if the pattern is recognized, of course there will be more people who will try it. If it is true that there is a chance to win, wouldn't there be more chances to win (from all of gambler who is trying the pattern? If more win then lose, of course this will make the gambling ecosystem more unstable. The more wins, the more the balance will be drained from the dealer. If this happens, there will not be many providers who can get a lot of profit and tend to go bankrupt because of this pattern. CMIIW

You guys are massively overthinking the issue. If we're talking about playing slot games in physical casinos, this is massively dominated by elderly, retired, and often lonely people who are simply looking for some enjoyment.

For a sad video proof, click the image:

If you have elderly parents, remember to call and visit as often as you can.

masulum

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hmph..

Quote from: Viscore on March 06, 2023, 02:19:25 PM

That could be true too as gamblers still find it exciting to play slot games even if we already know it’s clearly a luck-based game, maybe because they still anticipate for a good win by following some special patterns they reserved for slot games. And to think that it could work for some gamblers, I guess it’s not bad too if we can also try making it. After all, gambling is gambling, it’s outcome will always be unpredicted, and it’s what keep us from coming back in gambling.

I'm still not completely sure about that. If there really is a pattern (even though it doesn't guarantee winning bets) and if the pattern is recognized, of course there will be more people who will try it. If it is true that there is a chance to win, wouldn't there be more chances to win (from all of gambler who is trying the pattern? If more win then lose, of course this will make the gambling ecosystem more unstable. The more wins, the more the balance will be drained from the dealer. If this happens, there will not be many providers who can get a lot of profit and tend to go bankrupt because of this pattern. CMIIW

pawel7777

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Quote from: Wexnident on March 04, 2023, 08:48:08 AM

I'd actually hope for casinos to get a statistic of how much players usually play and after x amount (the amount that they deem to be worth of note), the casino would lock the account down to let the player cooldown. Could be an optional thing but I'd much rather be a forced thing.

In the UK (and probably EU), CFD trading platforms are required to disclose information about the % of retail investors losing money with each provider. Two examples from Plus 500 and eToro:

I guess they could introduce similar requirements for gambling sites, but we already know that number would be 100% oe very close to it.

Viscore

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Quote from: klidex on March 03, 2023, 12:58:25 PM

Quote from: masulum on February 28, 2023, 10:50:43 AM

Quote from: klidex on February 27, 2023, 07:32:48 PM

In fact, a gambler cannot determine and ensure that he really can have a multiplier opportunity like that found in slot games.

For me there is no strategy whatsoever that can be done to play slots, because its works by the machine, not our brains. We only bet, the rest is machines or programs (online slots).

Some people can indeed have an opinion like you that any strategy cannot be done to play slots.
But have you never tried and found out that there are several special patterns that can be used in slot games and many gamblers have proven this.
In this pattern it cannot really give a win, but at least with this pattern we can increase the chances of being able to win slot games.
Sounds ridiculous and doesn't make sense, but in reality that's what happened for now.

That could be true too as gamblers still find it exciting to play slot games even if we already know it’s clearly a luck-based game, maybe because they still anticipate for a good win by following some special patterns they reserved for slot games. And to think that it could work for some gamblers, I guess it’s not bad too if we can also try making it. After all, gambling is gambling, it’s outcome will always be unpredicted, and it’s what keep us from coming back in gambling.

nullama

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Quote from: Betwrong on March 06, 2023, 05:37:45 AM

~snip~
We weren't talking about gaming, though.

We discuss here gambling, right? Global video game market is actually larger than gambling market, but let's drop it, because it's out of topic entirely. Let's at least stick with gambling here, ok? Speaking of which, no, it's not a valid argument that "gambler can lose so much more money in the same amount of time than a gamer". Gambler can win a lot too, right? Casinos get their revenue from the house edge, not from what this or that gambler loses.

Casinos absolutely get their money from gambler loses.

Last time I checked some real world numbers, a casino was making about 3% of their net gains from alcohol (note that most bars and restaurants survive on alcohol sales alone basically), and the rest was money received from gambling losses.

If you look around the world, the gambling Market size is 262 billion USD. Almost the same as the current market cap of Bitcoin.

Topic: Betting strategy question - page 14. (Read 6072 times)