Betting strategy question - page 7. | Bitcointalksearch.org

darewaller

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Quote from: len01 on April 19, 2023, 02:35:50 AM

Quote from: Fredomago on April 19, 2023, 12:17:59 AM

It's a mindset that most of the time lead the gambler to lose everything, thinking that the bigger the bankroll the better chance of winning but in reality without good control of your capital, the chance of losing everything is possible, betting strategy is more on how you handle all the emotions and how you practice all your game plan, executing your plans is very important and not to allow any emotions as it can take you to wrong decision making.

the mindset of using a large bankroll is of course that gamblers will also increase the number of bets which makes the bankroll run out quickly.
I mean when a gambler uses a small bankroll say $ 100 and uses a minimum bet of $ 0.1 it will definitely last longer on each bet to get a lucky chance.
but when a gambler uses a large bankroll, for example $ 5000 but with a bet amount of $ 100-$ 200 it will run out faster. because a big bankroll definitely has the mindset to win big with big bets too.
and as far as I know, the faster the bankroll runs out, the more difficult it is to manage our bankroll, the more difficult it will be to find opportunities for luck.

Increasing the number of bets does not make the bankroll run out quickly but can actually make your bankroll last longer because you are budgeting it to be able to make more bets. The one that can make a bankroll deplete quickly is if you are betting in bigger portions but this can also happen if you have a bigger bankroll.

The explanation is because you are confident, thinking you still have more left even if you lose but you will only be shocked once there is only a small amount left in your balance. Another explanation is we are prone to rage betting once our early bets won't hit but we all can avoid it if we only have a minimal bankroll.

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Quote from: pawel7777 on April 18, 2023, 03:16:48 PM

The problem is, the "fun" part of gambling is the expectation of winning. Sure, there are some other factors, such as drinks or social interactions in brick-and-mortar casinos, but I can't imagine many people would bother stepping into a casino (or logging in) if they knew for sure that they will end up losing.
So gambling is not quite like other forms of entertainment and you can't really separate the "fun" part from the money.

And, what's funny, most people would probably feel much better if they drank away $200 in a bar with their mates, than if they lost $100 in a casino. Because losing always has some negative emotional load.

Well, you are probably right that what makes gambling fun is the fact that you can win money, or you could say, big money, which might not be a usual thing but there is always a hope deep inside one's mind that they can hit a jackpot or a big multiplier in each bet that they make, and that thought makes losing less hurtful in my opinion.

It's obviously true that no one would simply gamble if they knew that there is nothing they can get in return no matter what happens, so it's basically the urge to win big that makes gamblers gamble and lose money almost every single day but return the other day with the same hope and mindset again.

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Quote from: len01 on April 19, 2023, 02:35:50 AM

Quote from: Fredomago on April 19, 2023, 12:17:59 AM

It's a mindset that most of the time lead the gambler to lose everything, thinking that the bigger the bankroll the better chance of winning but in reality without good control of your capital, the chance of losing everything is possible, betting strategy is more on how you handle all the emotions and how you practice all your game plan, executing your plans is very important and not to allow any emotions as it can take you to wrong decision making.

the mindset of using a large bankroll is of course that gamblers will also increase the number of bets which makes the bankroll run out quickly.
I mean when a gambler uses a small bankroll say $ 100 and uses a minimum bet of $ 0.1 it will definitely last longer on each bet to get a lucky chance.
but when a gambler uses a large bankroll, for example $ 5000 but with a bet amount of $ 100-$ 200 it will run out faster. because a big bankroll definitely has the mindset to win big with big bets too.
and as far as I know, the faster the bankroll runs out, the more difficult it is to manage our bankroll, the more difficult it will be to find opportunities for luck.

so a good strategy is actually a strategy that can manage our finances in gambling so that it doesn't quickly deplete our bankroll and of course we have to control all emotions to stick to the minimum bet that can be enjoyed by each of our betting strategies.

If we are still talking about the martingale strategy, even by preparing large capital and starting with even the smallest betting basis, it will never guarantee that it will continue to produce positive results because the casino also has a max bet, which will be a barrier for any gambler to continue using his money until he returns get the win.
So keep on controlling our bankroll properly and get rid of the thought that there will be a strategy that is sure to give regular wins without ever losing so that we can make our money continue to grow because that never exists in gambling.

len01

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Quote from: Fredomago on April 19, 2023, 12:17:59 AM

It's a mindset that most of the time lead the gambler to lose everything, thinking that the bigger the bankroll the better chance of winning but in reality without good control of your capital, the chance of losing everything is possible, betting strategy is more on how you handle all the emotions and how you practice all your game plan, executing your plans is very important and not to allow any emotions as it can take you to wrong decision making.

the mindset of using a large bankroll is of course that gamblers will also increase the number of bets which makes the bankroll run out quickly.
I mean when a gambler uses a small bankroll say $ 100 and uses a minimum bet of $ 0.1 it will definitely last longer on each bet to get a lucky chance.
but when a gambler uses a large bankroll, for example $ 5000 but with a bet amount of $ 100-$ 200 it will run out faster. because a big bankroll definitely has the mindset to win big with big bets too.
and as far as I know, the faster the bankroll runs out, the more difficult it is to manage our bankroll, the more difficult it will be to find opportunities for luck.

so a good strategy is actually a strategy that can manage our finances in gambling so that it doesn't quickly deplete our bankroll and of course we have to control all emotions to stick to the minimum bet that can be enjoyed by each of our betting strategies.

348Judah

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Quote from: nullama on April 13, 2023, 07:19:08 PM

Quote from: SirLancelot on April 06, 2023, 01:38:34 PM

~snip~
So the bad odds that you mean are high chance games? Because, you mentioned something about small wins there. I think bad odds can also be the games which the player has a much lesser chance to win like for example in the lottery. The only good thing about them is that the wins are also huge once you hit them.

It's not that people gamble blindly but gambling is only built that way, for the people to play for fun with less expectations that they can earn a profit. Other than the odds, the casino can also win most of the times because of the house edge. About the roulette game, there are different types of it (ie Amercian, Russian, European, etc.) Some has a zero while the other don't have it. Maybe some just prefer a roulette game with zeros on them as they think they are luckier on it.

Some games are designed so that the gambler thinks they did alright, when in reality it was way off.

For example, let's say someone got 14 numbers right in some form of lotto, the gambler might think, well at least i got 14 right, or something like that, without realizing that the game can be designed so that 14 is the absolute minimum you will get, so basically the worst performance ever, yet still create the illusion of winning.

With having good experience in gambling, if a gambler is very careful and being observant enough, they will understand some tactics used by the casinos to make them think things were actually the way they appear in gambling starting from the odds, for those that have interest on lottery games and the likes, there's also a way a gambler can be very careful in knowing the mindset of what's at stake whenever a gambling casino comes in with their policy which may trick them in one way or the other.

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Quote from: nullama on April 13, 2023, 07:19:08 PM

Quote from: SirLancelot on April 06, 2023, 01:38:34 PM

~snip~
So the bad odds that you mean are high chance games? Because, you mentioned something about small wins there. I think bad odds can also be the games which the player has a much lesser chance to win like for example in the lottery. The only good thing about them is that the wins are also huge once you hit them.

It's not that people gamble blindly but gambling is only built that way, for the people to play for fun with less expectations that they can earn a profit. Other than the odds, the casino can also win most of the times because of the house edge. About the roulette game, there are different types of it (ie Amercian, Russian, European, etc.) Some has a zero while the other don't have it. Maybe some just prefer a roulette game with zeros on them as they think they are luckier on it.

Some games are designed so that the gambler thinks they did alright, when in reality it was way off.

For example, let's say someone got 14 numbers right in some form of lotto, the gambler might think, well at least i got 14 right, or something like that, without realizing that the game can be designed so that 14 is the absolute minimum you will get, so basically the worst performance ever, yet still create the illusion of winning.

There is no winning unless you make more money than what you wagered. It is simple math. If a gambler is stupid enough to fall for this trick, then it is only a matter of time before he loses everything he has. It is because a person that stupid can easily believe lots of other bullshit. I personally blame the public schools for this. Whatever education we are getting for cheap or free is crap. We need to smarten up, fast.

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Quote from: maydna on April 18, 2023, 11:22:21 AM

Quote from: nullama on April 17, 2023, 10:02:27 PM

Quote from: maydna on April 17, 2023, 06:37:27 PM

~snip~
Trying to get pleasure from gambling can indeed make us lose more money. And if that happens, we'll never realize it and maybe it won't be until after all the money is gone that we'll realize it and regret it. Having fun at gambling can be enjoyed if we can control the money so that there will be no regrets even though we have lost a few dollars. And it's best not to try to wait for luck by continuing to play because that could just use up the money we use. And we should have enough limits to stop before we experience more losses.

You can of course consider the money you lost as the payment for the fun. Like going to play arcade games for example.

But trying to recover the lost money by gambling more is probably one of the worst things you can do while gambling. It's a downward spiral from there.

We would not suggest recovering money lost from gambling by betting more because that will lead to even more losses. But sadly, many people still think that way because they think using more money gives them the opportunity to win more money. And we also can't force them not to because it will be their responsibility for the money. We can only give suggestions and then it's up to them.

It's a mindset that most of the time lead the gambler to lose everything, thinking that the bigger the bankroll the better chance of winning but in reality without good control of your capital, the chance of losing everything is possible, betting strategy is more on how you handle all the emotions and how you practice all your game plan, executing your plans is very important and not to allow any emotions as it can take you to wrong decision making.

nullama

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Quote from: fullhdpixel on April 18, 2023, 11:18:25 AM

~snip~
If it's a game of luck yes, we mostly need luck but what if it's a game of skill? We can still be able to win as long as we are skillful and have only a little or no luck at all. It's possible for a skillful players to win at most times and the only way for them to be defeated is when there are players that is more skillful than them.

But indeed that it's better to stop once the start and the middle of the game is mostly losses as it can be a sign that we are not lucky for the day. I've tried to continue many times thinking that later games are going to be good but no., I only lose all my balance. I admit that until now, I still got tempted to continue sometimes. Gambling is truly powerful.

Any game in a casino is a game of luck.

Even if you're playing a game that involves strategy, like Poker for example.

The odds of every single game are calculated so that they benefit the casino.

Also, any technique that might benefit the player is banned, like counting cards, using computers, etc.

Hispo

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Quote from: pawel7777 on April 18, 2023, 03:16:48 PM

Quote from: nullama on April 17, 2023, 10:02:27 PM

You can of course consider the money you lost as the payment for the fun. Like going to play arcade games for example.

But trying to recover the lost money by gambling more is probably one of the worst things you can do while gambling. It's a downward spiral from there.

The problem is, the "fun" part of gambling is the expectation of winning. Sure, there are some other factors, such as drinks or social interactions in brick-and-mortar casinos, but I can't imagine many people would bother stepping into a casino (or logging in) if they knew for sure that they will end up losing.
So gambling is not quite like other forms of entertainment and you can't really separate the "fun" part from the money.

And, what's funny, most people would probably feel much better if they drank away $200 in a bar with their mates, than if they lost $100 in a casino. Because losing always has some negative emotional load.

Adding to your point about the expectations of wins versus the fun factor.
To some people (specially who are very new in the world of gambling and betting) if they wanted fun, then they could easily buy some game or even find very good free-to-play ones in digital stores like Steam or Epic games.

You may never hear some newbie gambler to say "Ill go to the casino to have fun", they will likely always mention the possibility of big wins. The difference is the reaction to the losses and bad luck.
It is one of the reasons which leads me to believe that those who are not mentally prepared to assume losses are more prone to spiral down into problem gambling. Assuming losses is not the same that being sad because of them though.

Everyone feels down after a bad streak. Tongue

pawel7777

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Quote from: nullama on April 17, 2023, 10:02:27 PM

You can of course consider the money you lost as the payment for the fun. Like going to play arcade games for example.

But trying to recover the lost money by gambling more is probably one of the worst things you can do while gambling. It's a downward spiral from there.

The problem is, the "fun" part of gambling is the expectation of winning. Sure, there are some other factors, such as drinks or social interactions in brick-and-mortar casinos, but I can't imagine many people would bother stepping into a casino (or logging in) if they knew for sure that they will end up losing.
So gambling is not quite like other forms of entertainment and you can't really separate the "fun" part from the money.

And, what's funny, most people would probably feel much better if they drank away $200 in a bar with their mates, than if they lost $100 in a casino. Because losing always has some negative emotional load.

maydna

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Quote from: nullama on April 17, 2023, 10:02:27 PM

Quote from: maydna on April 17, 2023, 06:37:27 PM

~snip~
Trying to get pleasure from gambling can indeed make us lose more money. And if that happens, we'll never realize it and maybe it won't be until after all the money is gone that we'll realize it and regret it. Having fun at gambling can be enjoyed if we can control the money so that there will be no regrets even though we have lost a few dollars. And it's best not to try to wait for luck by continuing to play because that could just use up the money we use. And we should have enough limits to stop before we experience more losses.

You can of course consider the money you lost as the payment for the fun. Like going to play arcade games for example.

But trying to recover the lost money by gambling more is probably one of the worst things you can do while gambling. It's a downward spiral from there.

We would not suggest recovering money lost from gambling by betting more because that will lead to even more losses. But sadly, many people still think that way because they think using more money gives them the opportunity to win more money. And we also can't force them not to because it will be their responsibility for the money. We can only give suggestions and then it's up to them.

fullhdpixel

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Quote from: tusandii on April 16, 2023, 12:42:12 AM

Quote from: nullama on April 15, 2023, 10:57:56 PM

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

No gambler can win in the long term, friend, because victory can be obtained when luck is on your side, while luck cannot be obtained every time.
Maybe playing with limits and self-control can minimize the number of losses when no luck comes, but many people out there prefer to chase luck rather than waiting for the right time to get lucky.

Basically, strategy is just a small way to win but you are still at risk of losing, so no strategy is successful without the support of luck.

If it's a game of luck yes, we mostly need luck but what if it's a game of skill? We can still be able to win as long as we are skillful and have only a little or no luck at all. It's possible for a skillful players to win at most times and the only way for them to be defeated is when there are players that is more skillful than them.

But indeed that it's better to stop once the start and the middle of the game is mostly losses as it can be a sign that we are not lucky for the day. I've tried to continue many times thinking that later games are going to be good but no., I only lose all my balance. I admit that until now, I still got tempted to continue sometimes. Gambling is truly powerful.

nullama

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Quote from: maydna on April 17, 2023, 06:37:27 PM

~snip~
Trying to get pleasure from gambling can indeed make us lose more money. And if that happens, we'll never realize it and maybe it won't be until after all the money is gone that we'll realize it and regret it. Having fun at gambling can be enjoyed if we can control the money so that there will be no regrets even though we have lost a few dollars. And it's best not to try to wait for luck by continuing to play because that could just use up the money we use. And we should have enough limits to stop before we experience more losses.

You can of course consider the money you lost as the payment for the fun. Like going to play arcade games for example.

But trying to recover the lost money by gambling more is probably one of the worst things you can do while gambling. It's a downward spiral from there.

maydna

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Quote from: Fredomago on April 16, 2023, 03:48:49 AM

Quote from: nullama on April 15, 2023, 10:57:56 PM

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

With all the factors that house have the advantages you need to adjust with how will you limit your time when playing, I see the point where you can enjoy while playing and waiting for some luck to join or back you up maybe you can end your sessions with some profits, without any limits surely the end outcome will not favor you as addictions can penetrate and drive you to push for more gambling sessions and lose more money from your savings.

Trying to get pleasure from gambling can indeed make us lose more money. And if that happens, we'll never realize it and maybe it won't be until after all the money is gone that we'll realize it and regret it. Having fun at gambling can be enjoyed if we can control the money so that there will be no regrets even though we have lost a few dollars. And it's best not to try to wait for luck by continuing to play because that could just use up the money we use. And we should have enough limits to stop before we experience more losses.

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Quote from: dezoel on April 17, 2023, 02:40:42 PM

Actually, you can predict the outcome accurately most of the time in sports betting if you are experienced, other types of gambling are purely based on luck but sports betting is mainly based on experience and your ability to do research and analysis in a perfect manner in order to evaluate the possible outcomes based on the previous events and track records of the teams.

Someone who has experience in a sports game can easily know which team or individual will win a certain match, now if they are very unlucky of course, the result can also go against them but that doesn't always happen.

You're not being serious. Logically, if that was true, we would have no sports betting at all, as they'd all go bankrupt.

If you have e.g. 2 boxers, or 2 football teams of similar skills, no amount of knowledge, experience, or historical analysis would allow you to know for sure which one would win.
At very best, you'd be able to accurately assess the mathematical odds, but not much more than that. It's the results of the events that build up the historical record, not the other way around. You can't drive a car looking at the rear-view mirror.

dezoel

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Quote from: Fredomago on April 14, 2023, 11:43:23 PM

Quote from: 348Judah on April 11, 2023, 05:45:45 PM

No perfect strategies in gambling no matter how it works out, it may just be a luck and nothing more, when you gamble and wins then what comes next to your mind is the adoption of the best strategy used of which it's not in most cases, things happen coincidentally sometimes, we need to find a best match plug to strategize our games in orther to win, this now determines how skillful we are and how lucky as well we are when gambling.

No one can accurately predict the outcome of any game, either game of luck, strategy and sports betting all are depending on how you predict and analyze the possible outcome, with luck behind you even the percentage to lose is 99% that 1% can still happen and eventually you will win the game.

So with losses, even you think that you are done and fully convince that your pick will bring you the win, if luck is against you then expect the outcome will not favor you.

Strategy or better to say experienced, if you have good experienced to apply, you might minimize your losses and possible to enjoy decent winnings when luck is playing beside you.

Actually, you can predict the outcome accurately most of the time in sports betting if you are experienced, other types of gambling are purely based on luck but sports betting is mainly based on experience and your ability to do research and analysis in a perfect manner in order to evaluate the possible outcomes based on the previous events and track records of the teams.

Someone who has experience in a sports game can easily know which team or individual will win a certain match, now if they are very unlucky of course, the result can also go against them but that doesn't always happen.

nullama

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Quote from: tusandii on April 16, 2023, 12:42:12 AM

Quote from: nullama on April 15, 2023, 10:57:56 PM

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

No gambler can win in the long term, friend, because victory can be obtained when luck is on your side, while luck cannot be obtained every time.
Maybe playing with limits and self-control can minimize the number of losses when no luck comes, but many people out there prefer to chase luck rather than waiting for the right time to get lucky.

Basically, strategy is just a small way to win but you are still at risk of losing, so no strategy is successful without the support of luck.

Yes, that is exactly what I wrote. That in the long term you are not going to win.

The thing is that if you do get lucky and win big, you need to stop gambling forever. That's the only way to actually win in gambling.

Hirose UK

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Quote from: Fredomago on April 16, 2023, 03:48:49 AM

Quote from: nullama on April 15, 2023, 10:57:56 PM

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

With all the factors that house have the advantages you need to adjust with how will you limit your time when playing, I see the point where you can enjoy while playing and waiting for some luck to join or back you up maybe you can end your sessions with some profits, without any limits surely the end outcome will not favor you as addictions can penetrate and drive you to push for more gambling sessions and lose more money from your savings.

And we should be the ones who have to be able to adjust to the house's advantages and look for loopholes to take advantage of luck when there is an opportunity to be able to take victory over the house.
When you become an addict and have the urge to continue playing in every session without stopping, then nothing can stop it.
So far, there is no strategy that can actually produce lots of wins without losing, so it's better to gamble within limits and have fun.
That way we can avoid big losses by ourselves.

Fredomago

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Quote from: nullama on April 15, 2023, 10:57:56 PM

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

With all the factors that house have the advantages you need to adjust with how will you limit your time when playing, I see the point where you can enjoy while playing and waiting for some luck to join or back you up maybe you can end your sessions with some profits, without any limits surely the end outcome will not favor you as addictions can penetrate and drive you to push for more gambling sessions and lose more money from your savings.

len01

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Quote from: nullama on April 15, 2023, 10:57:56 PM

-snip

Quote

"Strange game. The only way to win is not to play."

You can of course play to enjoy some fun, but maths tell you that you're not going to win in the long term.

but in the short term using a strategy on gambling can at least minimize losses or even get closer to luck even though luck in gambling is only 0.000000001%.
Of course I like your quote that it's better not to do any gambling activity to be able to win all our money, but for gambling addicts I don't think you can stop doing that activity.

like if a gambler uses the Martingale strategy and manages to win several times, surely he can never stop playing the game.

Topic: Betting strategy question - page 7. (Read 6047 times)