Topic: Betting strategy question - page 25. (Read 6047 times)

I think that everyone has that answer, and it is to try it and earn quick money, if a person wants to help, they simply tell them how to do it and that's it, without charging any type of subscription for being VIP or special memberships, I think that now everyone takes advantage Because as ChatGPT bots or robots or similar are increasing, they want to do more things with those who know less, it is the classic action of those who "always want to be smart by cheating", when that person or bot still doesn't know if it was a bot, but it had a photo of a lady, it told me that the minimum investment was 50USD, which I told myself, and if it is true? And am I missing an opportunity? but at the same time I said to myself, she doesn't seem like a philanthropist, and since she was demanding money, well, I said to myself: "NO, this is just a newly created business model that looks for people who are not so smart and with some money to cheat", . The sad thing is that I am sure that just as they make people dizzy with that, there are those who fall into the trap, because I am one of those who think that "good things" are not enough, and when they offer you very good things, it is very likely let them be lies and it opens the way for scam, so it should happen with AI bots for casinos, sports betting and even for the same people who want to post here on bitcointalk with AI, making a fool of others.

Every winning in gambling is all dependent on luck, this has been the case for decades whether online or physical gambling.

  When you find that you are lucky on the day you play, for sure no matter what games you play in the casino you will win and you will go home with money, the question of luck is that there will be no problem when you take out the money you won in gambling platform you played on? because this is where there are often issues, to be honest.

Guys, a thing to consider - if any of you had an access to a reliable tool that could accurately predict market movements (and alike), would you rather put it into action and become rich in a short time, or would you rather start pestering strangers on Telegram and try to sell it to them?
Exactly.

It is not that necessary that everyone should develop their own betting strategy
It is not everyone that has the capacity to develop their own strategies but to me what is very important is whichever strategy you adopted from someone should be tested and retested by you to be very sure that it is working for you then you can continue using this strategy. Do not follow any given strategy blindly because someone else won with it.

I agree with you, it makes no sense to try and follow a strategy by someone else that we heard about and was sold to us as a successful gambling strategy. We need to invest our own time and make a decision for ourselves if the strategy suits our playstyle. When it comes to sports betting and casino gambling I would be careful to trust other people who want to sell us their profitable strategy. Just because they made money with it doesn't mean we are going to do the same. It could be that they were lucky in the past and the strategy is not really that good. It also comes down to our own gambling habits and how comfortable we are to stick to one strategy. For me it works best to switch around with different strategies. For example there are days where I blindly follow my martingale strategy, there is no real decision making to be done. When I am tired it's the best strategy for me. And then there are days where I want to be more active and change my strategy.

I wonder why so many people believe in AL that they can make a bet. Are they unsure of their own predictions or unsure of themselves that they can win a bet without using AL.
So far I still don't believe in anything or even AL for me to be able to make a bet.
I have a principle that whatever the outcome is if it is the result of my own thinking it will be more satisfying and there is no disappointment behind if you lose the bet.
I am the type of person who is very difficult to believe in anything and anyone.

I can imagine how to use AI for sports betting, but since Chat GPT's database is not updated regularly(in fact it's more than a year old, if I'm nit mistaken), we can't use the AI for that yet. But my question is, how, even theoretically, we can use AI for the games of chance? I mean, it can tell you what part of your bankroll to stake at once to, theoretically, last longer, but in reality your very first bet can be that with the highest multiplier possible, and no AI can tell you for sure that it won't happen.

Of course, if you are a gambler, you see and think this is an opportunity to win the gamble. Also, as long as a gambler is willing to lose his bet there is no problem in this matter.

But if you are a type of gambler whose decision is somewhat dynamic, all I can say is that he is not suitable for this type of gambling. Because it is only for those willing to take the risk no matter how much it costs, because gamblers like us always think of a positive result.

Well, that's true for any source of information.

A person can be telling you a lie, or they might be wrong, etc.

A website might be created with a tool like GPT3, and the content not checked, etc.

Someone might post wrong information to try to persuade you or by a simple mistake, etc.

It doesn't matter if it's an AI or not, you should always confirm the validity of the information from first principles.

There are people who have access to a type of AI where they say they can make predictions, but I really don't know if it's true or not, recently they wrote to me through tg offering me some trading plans with BTC, it caught my attention and I managed to get information that it was an AI that could predict movements, it really caught my attention, I don't know if it's true or not, but it made me very curious, however this is applicable to games of chance, sports and sports betting can be done but I really don't have that information, although I think there must already be many people who use AI to start predicting more I don't know with how much certainty.

I absolutely agree with you. Before the AI can learn to provide fully reliable information to the user, it has to use a huge amount of information to learn. Yes, as of today it has been a very short time for AI to be trained to this level, but I am sure that in a year or two AI will be used everywhere, including in predicting sporting events, as it is a very cool technology.

That's true, but even when it comes to pure math, chat GPT can be wrong sometimes. I remember asking it about the probability of winning calculations for the UK's premium bonds, but the answer it gave me didn't seem quite right, so I started to quizz it a little bit more and eventually it just admitted to being wrong and apologised

Moral of the story - be careful when using it to develop any strategies involving real money, as it's just not there yet in terms of reliability.

Yeah, that's the thing with AI, it's impressive and all, but it's still a bit rough on the edges. It's a bit like an autistic kid, they might know the answer, but they don't know how to express it correctly in a manner that you're expecting.

In this case we see that the AI is not adding anything interesting to the conversation. I think it just focused on the math of it and not on the psychological aspect of it.

Nah. As long as the casinos have mathematical advantage - AI won't be a problem. Plus, casinos could also use AI to determine the best rates etc and identify any vulnerabilities in their systems.

To come up with a good strategy, you don't really need AI (defined as something that can "learn" on its own), all you need is a good system of processing and analysing data (i.e. for the sports bets) to help you detect any positive value bets or arbitrage opportunities.

But you gave me the idea of just asking Chat GPT the question from the OP:

Prompt:
So you replied to say there are too many replies heh
I'm not locking it, it will die its natural death eventually. And there's nothing wrong with having side discussions, they could be interesting too.

This topic already received tons of reply for a simple inquiry and most of the new discussion / new post is already off-topic to the one that OP is asking. Maybe it’s time to lock the thread since this topic already have 7 pager for a single question about betting strategy that already discussed on 1 to 2 page of this thread.

I think that each bettor before sleeping, when he sleeps and wakes up, always thinks about the best and most useful strategy to improve his way of betting, this is something that can be in the mind of any player, however, I have seen that the AI now It is widely used, of course some use some AI tools that allow them to make predictions, I don't know how accurate they are, but if we look at this data they can be much more precise, what I wonder is, it will be that in the future this will be ''Competition for betting platforms?'' Are we facing a possible formula to win all the time? even in sports?

I'm not denying that there is poverty in the world, but you said, quote: "...few people in the world have that ability to spare money...". The "few" is a massive exaggeration. The vast majority of people would spend at least some portion of their money on the things they don't need or things that are not good for them (sweets, junk food, alcohol, tobacco etc), which proves that they indeed have some money to spare.
And even in a dirt-poor country, losing say $5 will not make any significant difference to your life.

Although it sounds very strange to you, there are some people who live in my country and it costs them something to get the money, and 100 or even 500 usd if you can raise them a lot, at least so that they can buy their food supplies and basic things. Of course, not all of them are in the same conditions, but the vast majority are, due to the high inflation, to tell you that some people in their base salary is less than 10 USD, especially those who are professionals, the teachers are demanding that they raise their salaries. and apparently the government will not raise anything, in third world countries the problems can be very precarious, sometimes the countries in Europe and the USA are very privileged.

Yes, it is an interesting topic, and I hope to see more of reasonable replies in this thread.
 

I see. Indeed, when we are talking about an "amount we can afford to lose", we must define the period of time. To me personally, "25% of my monthly "fun and entertainment" budget" would be too much for such a bet. But I probably would bet 25% of my daily fun and entertainment budget, because, you are right, with not much math involved, it just feels right for us gamblers to try out a positive EV game.

The part highlighted by you refers to relatively safe investment opportunities. For the 17% single dye roll - I honestly don't know, that's essentially why I started this topic. I feel like I'd probably go with ~25% of the amount defined as "amount I can afford to lose" for the purpose of gambling as defined in the post you've quoted, aka 25% of my monthly "fun and entertainment" budget. There's not much math involved in determining that stake size, it just *feels* right, it won't hurt much if I (likely) lose but still gives a sense of taking a proper advantage of the positive EV bet.

The most "logic" approach would be to go with 9.5% calculated by using the Kelly criterion, but it's just seems a bit low.


You two are just posting for the sake of posting, aren't you lol