Betting strategy question - page 3. | Bitcointalksearch.org

SirLancelot

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Quote from: nullama on July 05, 2023, 02:26:57 AM

I don't think they always think mathematically, because if you do it, then you'll realize gambling has a negative expected return.

Basically, you will lose all your betting money eventually if you continue playing because the casino has advantage in the odds.

The only way to continue playing has to be non-mathematical, like emotional for example.

Not always, but they never think mathematically, because as you said, if someone thinks mathematically and calculates the results even before gambling, they would know that it is not going to provide them with any income because winnings in gambling cannot be constant, you might lose constantly but you can't win constantly in gambling because of the house edge which is why they say that the house always wins.

Those people who take gambling as a way to earn income are emotional and have no control over their emotions at all and that is the reason why they barely get anything out of the money they put into their gambling activities because someone with enough control would stop when they are losing constantly and try their luck later with the same money which is a wise decision.

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Quote from: Fredomago on July 06, 2023, 07:08:05 AM

And you can't remove that fact, house edge will continue killing you unless you have that long lasted luck that will allow you to win from time to time, but it's again questionable as there's no lasting luck in terms of gambling, it's more on how you control yourself especially your emotions when playing, with good control and sets of limitation maybe you will be able to earn some from each session that you will going to play.

The first and second part of your post seem to be contradictive. If the house edge is the reason for players to be losing money, then how will controlling their emotions make things any different? It could be preventing them from getting carried away and losing more money, but it won't shift the edge in their favour.

I think hoping for a "good luck" is what makes people keep gambling, as pretty much everyone is aware that the odds are stacked against them. Some people don't even care about the house edge. Many games (online or physical) don't even have any disclosure on what the house edge is (e.g. many slots games) and often times even a customer service won't be able to tell you if you ask.

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Quote from: Fredomago on July 06, 2023, 07:08:05 AM

And you can't remove that fact, house edge will continue killing you unless you have that long lasted luck that will allow you to win from time to time, but it's again questionable as there's no lasting luck in terms of gambling, it's more on how you control yourself especially your emotions when playing, with good control and sets of limitation maybe you will be able to earn some from each session that you will going to play.

If we talk about a long term prospect, we as a gambler will always lose. But if we talk about a short term prospect, we as a gambler could win some because bad luck isn't happen everyday. Just remember, before gambling we should know gambling is for entertain and never consider gambling as a daily income.

Quote from: nullama on July 05, 2023, 02:26:57 AM

The only way to continue playing has to be non-mathematical, like emotional for example.

That's why many gambler turn become a gambling addict because he lead his emotion to control his gambling activity.

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Quote from: nullama on July 05, 2023, 02:26:57 AM

Quote from: piebeyb on July 04, 2023, 06:15:51 AM

~snip~
Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.

I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .

I don't think they always think mathematically, because if you do it, then you'll realize gambling has a negative expected return.

Basically, you will lose all your betting money eventually if you continue playing because the casino has advantage in the odds.

The only way to continue playing has to be non-mathematical, like emotional for example.

And you can't remove that fact, house edge will continue killing you unless you have that long lasted luck that will allow you to win from time to time, but it's again questionable as there's no lasting luck in terms of gambling, it's more on how you control yourself especially your emotions when playing, with good control and sets of limitation maybe you will be able to earn some from each session that you will going to play.

nullama

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Quote from: piebeyb on July 04, 2023, 06:15:51 AM

~snip~
Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.

I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .

I don't think they always think mathematically, because if you do it, then you'll realize gambling has a negative expected return.

Basically, you will lose all your betting money eventually if you continue playing because the casino has advantage in the odds.

The only way to continue playing has to be non-mathematical, like emotional for example.

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Quote from: masulum on July 03, 2023, 06:01:30 PM

SEveryone has a different character, maybe p[/quotea trip to the beach is something that makes you feel fun. But, some people are bored with travel, work, play with family. Therefore, they seek pleasure by spending their money on gambling. Of course, for us people who gamble not for fun, it will be easier to get frustrated than those who can control their emotions. Why is it considered fun?
- Traditional casino makes a person meet people around who can become friends,
- Some online casinos have a chat feature between members, so gamblers can discuss any topic
- Play with luck

People have different ideas of fun and different preferences, fair enough. But we can also say that certain activities are objectively stupid to do. And I think that chasing a dopamine rush by risking your hard-earned money at odds that are not favorable to you is one of those things.

As for social interactions and making friends - that's not exclusive to gambling, there are plenty of activities where social interactions are at the core, rather than being a possible side-effect of you getting ripped off by the casino.

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Quote from: piebeyb on July 04, 2023, 06:15:51 AM

Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.

I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .

.
Just be precise and keep on the strategy and patterns. In some way, you might win and not to allow greed inside you. Something that may give you a small chance of making your intention to be fulfill, but the most important thing is, never to be aggressive as it will lead you to lose a lot since you'll always chased all your losses and possible for you to keep depositing to try recovering your money.

The fact that the house always has the edge against you, and without good control you might lose more and worse, you might lose all your savings

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Quote from: borovichok on July 03, 2023, 10:50:53 PM

Quote from: carlisle1 on July 02, 2023, 04:19:33 PM

While other thinks that with good mathematical calculations, they can create a strategy that will give them some edge and will allow
them to make some good amount of money out from the casino.

People do make a living from gambling, that's to portray how serious this people are. Comprehensive quantitative calculation will not ensure a safe path in gambling; there will be losses as well as rewards. We just have to accept the fact that loses and gains are generated on a regular basis, and our ultimate goal is to do our best to be on the winning side. Gamblers will constantly desire to win during their time in the gambling system, going so far as to nail every aspect of gaming without hesitation. Too many implausible ideas have been ruled out by fantasy.

Yes, people who are looking for income from gambling always think mathematically and are always looking for any strategy to beat the bookie, no matter how many strategies and scenarios fail to be able to win against the bookie, thinking about whether it is possible for the bookie to let someone win big from their site and whether There has been a history that casinos went bankrupt because someone won big money there.

I think it's hard to find history about it, the fact is that the dealer will always win even though we are good at calculating mathematically and coming up with any strategy, the key is only in how we control ourselves and set our mindset in playing gambling no matter what strategy will be used or produced in trials .

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Quote from: Quidat on July 02, 2023, 05:12:45 PM

Quote from: carlisle1 on July 02, 2023, 04:19:33 PM

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And this would be a never ending cycle on which there would be that someone who would really be that believing that these kind of strategies does really exist and believe that it would really be giving out advantage for them against the house without even trying to realize on how does reality works. Never ever consider that there's some strategy or ways on beating up the house or taking up advantage on having that sure win on gambling because this one cant really be that possible.For those people who do make out such claims then they are simply lying. It is how lucky you are is always the main reason on why someone do win up on gambling because its true that we might be using up on the same strategy but if you arent that lucky enough then you would definitely use.
You shouldnt really that instill into your mind that there's a working strategy because once you do have this kind of mindset then it would really be creating out that kind of impression and beliefs on
mind that might really be putting you up on big trouble on the time that you would trying out to push or pursue this one.

The idea that one can consistently outsmart the casino is a hazardous myth. There is an inherent disadvantage for the player in every casino game. This indicates that the house has a statistical edge over the player at all times, no matter what tactics are used. Its possible for someone to have temporary success, but this is more likely the result of chance than of any deliberate plan. Keep in mind that casinos are simply companies. If there were a guaranteed way to win at the casino, nobody would be gambling there. Those who profess to have a foolproof plan are either completely wrong or being dishonest. Avoiding this train of thought is of paramount importance. Gambling is meant to be fun, not a means to an end (making money). Play only with money you can afford to lose, and do not risk more than you can afford.

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Quote from: carlisle1 on July 02, 2023, 04:19:33 PM

While other thinks that with good mathematical calculations, they can create a strategy that will give them some edge and will allow
them to make some good amount of money out from the casino.

People do make a living from gambling, that's to portray how serious this people are. Comprehensive quantitative calculation will not ensure a safe path in gambling; there will be losses as well as rewards. We just have to accept the fact that loses and gains are generated on a regular basis, and our ultimate goal is to do our best to be on the winning side. Gamblers will constantly desire to win during their time in the gambling system, going so far as to nail every aspect of gaming without hesitation. Too many implausible ideas have been ruled out by fantasy.

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hmph..

Quote from: pawel7777 on July 03, 2023, 04:39:35 PM

[You've quoted my post, but haven't really attempted to answer my question. Out of all the fun activities in the world, why would anyone choose gambling?[yonex

SEveryone has a different character, maybe p[/quotea trip to the beach is something that makes you feel fun. But, some people are bored with travel, work, play with family. Therefore, they seek pleasure by spending their money on gambling. Of course, for us people who gamble not for fun, it will be easier to get frustrated than those who can control their emotions. Why is it considered fun?
- Traditional casino makes a person meet people around who can become friends,
- Some online casinos have a chat feature between members, so gamblers can discuss any topic
- Play with luck

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Quote from: pawel7777 on July 03, 2023, 04:39:35 PM

Quote from: Doan9269 on July 01, 2023, 06:53:16 AM

Quote from: pawel7777 on July 01, 2023, 06:37:45 AM

The question is, why would you choose this form of "fun" over infinite other options that do not require you to risk your assets at unfavorable odds?
If one has enough self-control, then you'd expect them to make sensible decisions, including the choice of activities they do for entertainment.
And if someone is engaging in gambling only when they spot an opportunity where they have a mathematical advantage - then they should approach it in a cold and calculated way rather than get carried away with emotions of "fun".

All these are happening because some gamblers were inexperienced enough or lack some personal strategies to use for gambling that could give them the required results needed.

When we are gambling, we are taking time to invest ourselves on having pleasurable moments provided that we are not too curious about winning when we gamble, but for the sake of those that depends on winning while gambling, they have a lot of task to do while becoming an expertise in gambling after they would have tried out many strategies to discover the one best for them.

You've quoted my post, but haven't really attempted to answer my question. Out of all the fun activities in the world, why would anyone choose gambling?
And you seem to be perpetuating a myth that "experience" in gambling converts to some better (or even profitable) strategies, when the truth is, for most people, the longer you play the more you lose. So absolute gambling newbie at the start would have a better net profit/loss record than experienced gamblers.

I will do my best to answer this question. The short answer is related to the money factor that makes it more fun for the average user, the experienced gamblers look for the dopamine effect after each game session to boost the potential enjoyment, IMHO. The profit/loss record depends on the bankroll, and experience but mostly it has relied on luck. If there were no luck and money factors, I doubt there should be left so many addicted gamblers. The reason we keep looking for mathematical advantage is because of our ego that can't accept losing in the long run but it is impossible to beat the house edge in the long run.

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Quote from: Doan9269 on July 01, 2023, 06:53:16 AM

Quote from: pawel7777 on July 01, 2023, 06:37:45 AM

The question is, why would you choose this form of "fun" over infinite other options that do not require you to risk your assets at unfavorable odds?
If one has enough self-control, then you'd expect them to make sensible decisions, including the choice of activities they do for entertainment.
And if someone is engaging in gambling only when they spot an opportunity where they have a mathematical advantage - then they should approach it in a cold and calculated way rather than get carried away with emotions of "fun".

All these are happening because some gamblers were inexperienced enough or lack some personal strategies to use for gambling that could give them the required results needed.

When we are gambling, we are taking time to invest ourselves on having pleasurable moments provided that we are not too curious about winning when we gamble, but for the sake of those that depends on winning while gambling, they have a lot of task to do while becoming an expertise in gambling after they would have tried out many strategies to discover the one best for them.

You've quoted my post, but haven't really attempted to answer my question. Out of all the fun activities in the world, why would anyone choose gambling?
And you seem to be perpetuating a myth that "experience" in gambling converts to some better (or even profitable) strategies, when the truth is, for most people, the longer you play the more you lose. So absolute gambling newbie at the start would have a better net profit/loss record than experienced gamblers.

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Quote from: carlisle1 on July 02, 2023, 04:19:33 PM

Quote from: nullama on July 02, 2023, 03:34:52 AM

Quote from: tusandii on July 01, 2023, 08:29:31 AM

~snip~
Having boundaries and controlling yourself and your finances is the hardest thing most gamblers have to do.
I myself sometimes still get out of control and spend more money just to continue the game session.
However, there are several steps that can be taken for prevention, namely by only depositing a limited amount of money into the casino with the aim that we don't lose excessive amounts of money when we lose.
It's better to play gambling when the mind is calm because this can help us not to get out of control and get carried away by emotions.

It is an addiction after all.

Some people can't really handle any level of gambling, others can easily gamble a few times a year. Everyone is very different so you have to do whatever works for yourself.

Sometimes that works for one person doesn't work for the next one.

Nothing to say about that. Some may control while others don't. It applies to this situation, and in some cases, there are
gamblers who just play and go, and that's it.

While other thinks that with good mathematical calculations, they can create a strategy that will give them some edge and will allow
them to make some good amount of money out from the casino.

Copying your statement. Sometimes your strategy works for you, but it will not have the same outcome if others will use it.

And this would be a never ending cycle on which there would be that someone who would really be that believing that these kind of strategies does really exist and believe that it would really be giving out advantage for them against the house without even trying to realize on how does reality works. Never ever consider that there's some strategy or ways on beating up the house or taking up advantage on having that sure win on gambling because this one cant really be that possible.For those people who do make out such claims then they are simply lying. It is how lucky you are is always the main reason on why someone do win up on gambling because its true that we might be using up on the same strategy but if you arent that lucky enough then you would definitely use.
You shouldnt really that instill into your mind that there's a working strategy because once you do have this kind of mindset then it would really be creating out that kind of impression and beliefs on
mind that might really be putting you up on big trouble on the time that you would trying out to push or pursue this one.

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Quote from: carlisle1 on July 02, 2023, 04:19:33 PM

While other thinks that with good mathematical calculations, they can create a strategy that will give them some edge and will allow
them to make some good amount of money out from the casino.

People that believe on this and play on games such as slot that is pure luck based game doesn’t make sense. There’s no way to come up with a calculations that can give someone an edge against casino that has a house edge on a luck based game. It’s either they are just using that calculation as an excuse to play more or they really just dumb to justify that there’s a way to have an edge against casino on luck based game.

Casino games result se RNG. I think hackign the code is the only way to have a real advantage to the casino that is using RNG for the result. Betting strategy will just make user more organized and limit losses by making careless but strategy will never give an advantage or an edge against the casino.

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Quote from: nullama on July 02, 2023, 03:34:52 AM

Quote from: tusandii on July 01, 2023, 08:29:31 AM

~snip~
Having boundaries and controlling yourself and your finances is the hardest thing most gamblers have to do.
I myself sometimes still get out of control and spend more money just to continue the game session.
However, there are several steps that can be taken for prevention, namely by only depositing a limited amount of money into the casino with the aim that we don't lose excessive amounts of money when we lose.
It's better to play gambling when the mind is calm because this can help us not to get out of control and get carried away by emotions.

It is an addiction after all.

Some people can't really handle any level of gambling, others can easily gamble a few times a year. Everyone is very different so you have to do whatever works for yourself.

Sometimes that works for one person doesn't work for the next one.

Nothing to say about that. Some may control while others don't. It applies to this situation, and in some cases, there are
gamblers who just play and go, and that's it.

While other thinks that with good mathematical calculations, they can create a strategy that will give them some edge and will allow
them to make some good amount of money out from the casino.

Copying your statement. Sometimes your strategy works for you, but it will not have the same outcome if others will use it.

nullama

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Quote from: tusandii on July 01, 2023, 08:29:31 AM

~snip~
Having boundaries and controlling yourself and your finances is the hardest thing most gamblers have to do.
I myself sometimes still get out of control and spend more money just to continue the game session.
However, there are several steps that can be taken for prevention, namely by only depositing a limited amount of money into the casino with the aim that we don't lose excessive amounts of money when we lose.
It's better to play gambling when the mind is calm because this can help us not to get out of control and get carried away by emotions.

It is an addiction after all.

Some people can't really handle any level of gambling, others can easily gamble a few times a year. Everyone is very different so you have to do whatever works for yourself.

Sometimes that works for one person doesn't work for the next one.

tusandii

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Quote from: carlisle1 on June 28, 2023, 08:22:13 AM

Sad things are when you exceed and you let yourself being out of control and start losing patience and
lose your money.

Having boundaries and controlling yourself and your finances is the hardest thing most gamblers have to do.
I myself sometimes still get out of control and spend more money just to continue the game session.
However, there are several steps that can be taken for prevention, namely by only depositing a limited amount of money into the casino with the aim that we don't lose excessive amounts of money when we lose.
It's better to play gambling when the mind is calm because this can help us not to get out of control and get carried away by emotions.

Doan9269

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Quote from: pawel7777 on July 01, 2023, 06:37:45 AM

Quote from: carlisle1 on June 28, 2023, 08:22:13 AM

Gambling for fun is more about self-control. If you know how to manage that emotions, then you are good to go
and you are not going to be prone to any addiction as you use the place to sort some entertainment.

The question is, why would you choose this form of "fun" over infinite other options that do not require you to risk your assets at unfavorable odds?
If one has enough self-control, then you'd expect them to make sensible decisions, including the choice of activities they do for entertainment.
And if someone is engaging in gambling only when they spot an opportunity where they have a mathematical advantage - then they should approach it in a cold and calculated way rather than get carried away with emotions of "fun".

All these are happening because some gamblers were inexperienced enough or lack some personal strategies to use for gambling that could give them the required results needed.

When we are gambling, we are taking time to invest ourselves on having pleasurable moments provided that we are not too curious about winning when we gamble, but for the sake of those that depends on winning while gambling, they have a lot of task to do while becoming an expertise in gambling after they would have tried out many strategies to discover the one best for them.

Oasisman

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Quote from: pawel7777 on July 01, 2023, 06:37:45 AM

Quote from: carlisle1 on June 28, 2023, 08:22:13 AM

Gambling for fun is more about self-control. If you know how to manage that emotions, then you are good to go
and you are not going to be prone to any addiction as you use the place to sort some entertainment.

The question is, why would you choose this form of "fun" over infinite other options that do not require you to risk your assets at unfavorable odds?
If one has enough self-control, then you'd expect them to make sensible decisions, including the choice of activities they do for entertainment.
And if someone is engaging in gambling only when they spot an opportunity where they have a mathematical advantage - then they should approach it in a cold and calculated way rather than get carried away with emotions of "fun".

Well, the ability to earn money when you win is also a part of the "fun" in gambling. It does not only involve fun as an emotion because you're enjoying the game or the company, but fun because you're also earning. However, it's not gonna be literally fun either when you're losing.
People do actually have their own preferences of what "fun" could mean to them. It could be something risky or something safe and boring. Just like these people who have risks their lives to climb the highest mountains or dive the deepest sea because for them it's "fun". So, why these people choose this form of fun is never gonna be a question.
But getting carried away is not gonna be fun especially when you're losing LOL!

Topic: Betting strategy question - page 3. (Read 6047 times)