Topic: Math and Gambling (Read 1271 times)

While it is true that probabilities cannot really tell you which side the coin flip is going to come up next, probabilities can tell you a lot about the profits or losses you could get with a game if you played that game for a long time.

This is precisely what casinos use to generate profits, as even if a gambler were to beat them and earn a lot of money out of them, they know that those are isolated cases, and on average they should beat the rest of the players if they gamble for long enough.

Anyone can be enthralled by the excitement of possible victory and the appeal of surpassing the odds. But here's where the issue resides: the notion that self-control is the only thing that can prevent addiction.

Is this a problem, and why? Because addiction is the result of a complex interaction of psychological elements rather than just an issue of willpower. It is hypothesised that the allure of gambling can seduce even the most self-controllable person. Your argument really shines here because of how much control and regulation are stressed. However, education is a further layer that we must add. It is crucial to educate oneself about the dangers of gambling and the symptoms of addiction.

We need to take a two-pronged approach to gambling: responsible enjoyment and educated awareness. Only then will we be able to fully enjoy the amusement it offers without succumbing to addiction.

Math is exact while while gambling is not. Although there is probability involved in gambling but there is no way to calculate the outcome to be 100% correct no matter what kind of game including poker and blackjack which are known to be games where skills are involved. Luck does a matter in all gambling games, no matter how smart you are how great you are in math, it will not give you a win when the bad luck comes to you. Even in a simple game such as coin flip where the chance is 50:50, mathematically it will not be hard to calculate but in the actual practice, it can be something worst when we get the same side multiple times in a row.

I think this may depend on the type of gambling being involved. I don't think knowing maths as anything to do with sport betting gambling. And also in gambling, element of luck can't be write out here. No may predict a game to the best of your knowledge and still miss out when the game doesn't follow your prediction.

IMO, they know what gambling really is and they understand it. What they don't understand is their approach towards it and they're having a hard time controlling it and they think it's just all a game of numbers and money and losses can easily be retrieved when they gamble again, heck no. That's what they don't want to accept although they understand what's actually happening.

There's the bad effects as usual and one is being addicted and going on with what OP is thinking that schools are useless. Well, everyone just go with the numbers and math and see if self learning will be enough when someone grows up. There's the fundamentals and normal process of what one has to learn.

Even in entertainment you can get addicted still, you don't have to keep a mind set outside making money in order not to get addicted, by the time you enjoy the thrill that comes with gambling so we'll that you don't care how much you invest in such entertainment then obviously you will get addicted and Still fall victim of addiction.

It's best to be disciplined regardless of your intention behind your gambling habit, that way you stand a better chance to stay away from been addicted and aswell been at so much Loss due to the money you have so far invested either with the intention to make more money nor to get entertained. If you don't take it seriously you definitely will never get maximum entertainment just make sure to regulate everything and keep it within the confined of control and that way you enjoy it while still maintaining your frame as a gambler.

Only addicted people will behave like that and it will be very difficult for them to stop until what they want comes true. In cases like this, there are many gamblers who don't understand what gambling really means and only have reckless capital and a strong ambition to be able to win even though the way they play is wrong, namely excessive and uncontrolled.
And it's true, if things like the above continue to be done without stopping then he will experience bad effects on gambling.

People who read a lot of information in the Gambling section of this forum can find a lot of information that is useful for them, including about the self-control they should have when gambling. They can also read more information about gambling and trusted casinos so that it can prevent them from registering or gambling at shady casinos. Apart from that, they can also get interesting tips about gambling or the calculations they need to play gambling. We won't know what each gambler needs, so they have to find it themselves by reading the many articles that have been shared by members here. And they also know that gambling is not to make money but to get entertainment, just as they do other things to get entertainment too. They can also ask about things they don't understand, such as finding a trusted casino, what to avoid when gambling and so on.

Even though difficulties will come when they are gambling, they can overcome them because they already know what to do so they will not be affected by the difficulties they will face. Playing gambling doesn't need to be too serious because it can remove the self-control that we have created so that we can't even enjoy playing gambling or we can be triggered to use more money to chase victory. We must be able to enjoy gambling games and be able to play gambling in a relaxed manner so that we will not think differently or chase after winning. And when we can use gambling properly, we will not experience any problems or be addicted to gambling because we know that gambling is only for entertainment. When we get the entertainment, we will immediately stop.

That is what is expected of gamblers, but in gambling difficulties will definitely come and we must be able to accept and resolve these difficulties wisely and responsibly. Yes, that's right, gambling shouldn't be taken seriously because it will destroy us if we don't do it in a relaxed manner and enjoy every game we play, meaning that if people are too serious about gambling they will only seek profit, not entertainment and we will also get the negative side, namely we will experience a gambling addiction. and it is very dangerous for a person's life, it would be better for us to just play as we can without any coercion in any way so that we can avoid gambling addiction.

Chris Ferguson is a great poker player, I loved to watch him in the 2000s on TV. The Poker After Dark Series with him, Doyle Brunson, Tom Dwan, Phil Ivey, Daniel Negreanu, etc. was awesome. So many great personalities that taught me a lot about poker. However, you can't really use poker as the standard gambling game we are going to play, because it's completely different from all the other games we can play at the casino. Biggest difference is that we are not playing against casino, only against other players. In the traditional casino games, it's us against the casino, which always has an advantage over us with their house edge. Mathematics is not going to change the fact that the more we play, the closer we will get to the expected values of the games and likely lose money. With poker we don't have to worry about the casino, because they take a fixed rake per hour from each round for providing the infrastructure to play online poker. We only need to a have a decent strategy to play better than our fellow gamblers. So, it's good to learn math and statistics for gambling, just don't expect to find a strategy that is making you consistently money in all type of casino games.

The thing is that we must always say and give advice to people or novice players that the game in casinos is not to generate income, but to have fun, to enjoy, that is what we must be clear about, there is no other way, those who If they want to see the game as income or they can say that they can generate income because of the game, they are very wrong, because things don't work that way, it is a very bad way of looking at things, that is why we always have to do things in the casino considering the normal, the considerations are simple, first having control of our money, if we have control over what we are going to spend we are very good, because I would say that things in a casino the main thing is that, not staying Without money, always be in what we can give to improve and protect the money, why do you have to look at something, if there is no money, you can't play or do anything, play for free in a physical casino? That does not exist, in online casinos it does, but it is not the idea.

In these cases, what we must do is guard and protect our life, so as not to become addicted, that is something that should always be our goal, we cannot do other things but that, I would think that when we are in the casino it could happen. many eventualities, for example things can turn out for the better, being on a positive streak where we can be winning a lot, not to mention when it comes to slots, because in slots it is easier to win with little money, of course, with little money You earn a lot, but you can spend a lot, that is what we must control, and do not try to do things in a crazy way, because by doing it like this, it is your money that goes away, and what is the point that we cannot do things right? If we lose money, some times the person may become decapitalized because they are thinking what they are not, that is just what should be avoided.

Nicely said, and I believe that anyone reading the gambling discussion section of the forum would learn a whole lot about it, even more than any external sites combined, as this forum teaches people the psychological part of gambling more. In short, if you do not plan your gambling and show a whole lot of self-restraint, you can't possibly make anything tangible from it, and in addition, will lose more and have yourself to blame. Gamblers who don't have their own minds in it are the ones who lose the most, and the reason is simple, they believe this is an avenue to make their riches, but it's not. Gambling needs a tactical approach and wisdom, this could differentiate between the winners and the losers in real time. Even if gamblers would believe that they can make money in it, they should rather expect less and also work with their expertise to make the money. And as they do that, they should also work on their emotions and all aspects that deal with the right thinking when gambling. This is what I know that will always help them to make the right efforts and still check-balance their gambling activities before they lose the control.

Yes, but gambling also includes, for example, blackjack. There's a lot of mathematical stuff out there, and I'm sure this game has been calculated for a long time and this information can be found. Also, the poker preflop stage is easy to calculate, I wrote a program about it on Android and published it on the Internet.
And I'm sure you've heard of people who have great memories, my friends have such a cousin. He is an excellent programmer (he works at Microsoft in England) and can keep an incredible amount of information in his head. I'm sure if he wanted to make money at blackjack or poker, he would have done it with ease.

I agree that movies often misrepresent gambling. Its a myth that smart people and mathematicians can beat online gambling systems. Why? Because internet platforms use RNGs, results are cryptographically random and unreliable. An fascinating idea: what about gambling's human element?

Skill and memory may not ensure victory against the house, but they can help you decide when to bet or fold. Gambling is mostly luck-based, though. Isnt it a problem to focus on competence in a chance-ruled domain? While skill is important, luck and randomness rule gambling. We must remember this to avoid the illusion of control.

Yes, hopefully we will not experience any difficulties while we are gambling and can prevent ourselves from being addicted to gambling so that we can enjoy gambling as we should and will not chase anything from gambling. When playing gambling, we don't need to be too serious and just need to enjoy it so that we can get entertainment from gambling.

By enjoying gambling as it is, we will do more things that are more useful. We also won't gamble too often to avoid gambling addiction. That's what we have to do when gambling so that we don't experience any problems.

Agree with you, hopefully we stay away from traits or behavior like that which will damage or make life worse in the future, even though it is very difficult and easy to say, we must try as much as possible to maintain control and always be careful in every decision we make. .

Of course bro, enjoying gambling as entertainment is a good step, apart from having fun and filling free time, we don't focus too much on winning, so we will play in a relaxed manner and not place too many bets, so the losses won't be too much. .

We definitely need accounting on the way in life, but we can all do accounting as much as we need accounting. I am a gambler and I gamble, gambling requires accounting but I don't see the need for so much accounting. The amount of calculation required in gambling is generally known to everyone and can be done by everyone. From what I have experienced, it seems to me that there is no way to say that someone who has no understanding of mathematics cannot gamble, rather a gambler with no understanding of mathematics can gamble if he has basic arithmetic skills. I have learned a lot of maths since childhood but we don't need it, we only need some simple addition, simple subtraction, simple multiplication, simple division.

A gambler is able to win because of the chance to hit the probability of winnings.  No one can precisely calculate if the will win the roll or not, what they can calculate is the percentage of winnings or the probability statistics to win a roll.


If you consider self-discipline as a skill then yes, it is very important in any gambling game.  Responsible gambling is the one that will make us avoid financial problems and those gambler who is able to maintain their financial capability can enjoy the gambling activity more.

If math is very important in gambling and the calculation of the possibility of winning, no one should be playing slots because the chance of winning there is somehow very low especially if we stake to one slot game too much.  In sports betting, analysis is the most important.  Obviously math is needed since we have to calculate the percentage of each teams statistics.

Poker is a more a sport than gambling.  Yes there are odds (math) that ypu need to kmwo if ypu are gonna win successfully at poker and it can be done.  I put poker in a whole other subject than true gambling like sports betting, slots, roulette etc.  Those you are betting against the house which always has the odds in theor favor and poker ypu are playing against other players.  Huge difference.

There are casino games that requires great indeptt of mathematical knowledge,  that if the gambler has so much prowess in mathematics he will most often win the house in their own game. And casinos are always suspicious of those accounts.
The ending part of your comment @summonerrk, is nothing but a bitter-truth that in any form it takes the house always has the hedge over the gambler and they will do everything necessarily possible to keep it that way even if it means banning the gambler (who has been constantly winning) from using their site because they see the account  as bad business to the casino.