Math and Gambling - page 10. | Bitcointalksearch.org

Eternad

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Quote from: slapper on November 17, 2023, 10:56:54 AM

Do you agree that it's fascinating? How math changes gambling from a game of chance to a game of strategy is shown below. Your admiration for Ferguson and Simons' work is well-founded. These people's stories do show how important math is in gambling. Although, it's important to remember that these are rare instances. Like Ferguson and Simons, thousands of people bet without winning. Their mathematics skill is not common, it's very rare. Surprisingly, the lesson isn't really about gambling. Utilizing specific skills in surprising ways is what it's all about.

Math only helps you to determine your winning chance rate but that doesn't mean it will secure profit for you just because you knew your percentage of winning except for a 100% win rate in poker. But everything is still a gamble no matter how high your winning probability. Other skills still contributes a lot of factor on success because it can increase your chance of winning aside from the computed probability since other player mind is your enemy here.

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it's not a surefire way to win the lottery.

We are talking about poker game here

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What matters more is how you artistically and strategically use what you know. How about that school isn't important thing? You learn more from what you do and how you do it than from where you go

Yeah, This is what they call the execution. A good execution can beat winning hand by tricking that he has the better hand.

freedomgo

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To be a winner in gambling, you gotta have certain skills. When I say "successful," I mean raking in a good amount of cash. These skills include being sharp with math and knowing how to keep your cool because if you nail both, making money in gambling isn't some far fetched dream. And yeah, you don't have to hit the books for a stable job since making money through gambling could be the easiest job for you.

Honestly, I don't personally know anyone who made a fortune gambling, but I've heard stories that make me believe it's doable. So, I'm not giving up hope that one day I might hit that success jackpot like a few others. Those names you mentioned? I might just check them out because I know they'll give me that extra boost toward my goal.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

This is alarming for people who value education, and for institutions that promote education as the key to success, I hope those who have this opinion are small and of the minority, education is everything we don't want a generation of uneducated it will stop progress and besides where do you think you learn math is it from the guidance of teachers.
Education is very important not because a handful of people succeed even though they lack the education we can conclude that school is not important, you cannot work without a certificate that you've gone through a school and the certificate is proof that you are capable of the work you are applying.
Education is our preparation for the adventures we are going on when we are on our own so don't belittle it.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I won't say about poker, because I'm not literate on this game, so I really don't know if this information is legit or if the method is even possible to be practiced for real, but if the method was exclusively aimed to work with poker, then you should name this thread "Math and poker", because at other gambling games, math and probabilities are always against you on long term, therefore it's not possible to develop any winning method or strategy to change this basic natural element of gambling games.

Even though much of school's content prooves to be useless futurely, it's still the assurance of a profession and superior skills and knowledge you will have towards others in your community, increasing the probabilities you will get a better and higher paying job. As you can see, Mathematics, probabilities can also help you achieve a solid career and quality of life outside gambling matter... So, don't neglect it.

yudi09

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

-snip-

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

Sounds like I'm reading a novel. OP, but I like this topic linking gambling to mathematics.
Gambling is not just about luck but skill. Remember, 1% skill 99% luck or 99% skill 1% luck.
The gambling games we have played so far have never experienced events like many of the scenes created in classical dramas. He came with little capital, but because of his skill in playing, he left with a lot of money. On his way home he was shot by a subordinate who lost gambling with him.
But we haven't found it in gambling at this time.

School only teaches theory and is recognized by institutions that we are people who have gone to school. Learning theory doesn't have to be at school if the goal is to make money.
This world is complete with various theories if you are willing to study them through 'natural selection'.

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It's not only in gambling that math is required to improve chances of winning in forex trading most of the indicators are based on calculation, in gambling we have martingale method of gambling though not recommended but it had worked for a lot of gamblers to recover their losses, so also in soccer or football some analysis requires calculations on previous matches data and statistics so as to be able to predict the outcome of the next probabilities, guessing the outcome of matches has been a thing of the past, with latest technology many predictions is now subjected to some mathematical model thus the importance of math in gambling is of a great importance.

slapper

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Do you agree that it's fascinating? How math changes gambling from a game of chance to a game of strategy is shown below. Your admiration for Ferguson and Simons' work is well-founded. These people's stories do show how important math is in gambling. Although, it's important to remember that these are rare instances. Like Ferguson and Simons, thousands of people bet without winning. Their mathematics skill is not common, it's very rare. Surprisingly, the lesson isn't really about gambling. Utilizing specific skills in surprising ways is what it's all about. Although math is very useful, it's not a surefire way to win the lottery. What matters more is how you artistically and strategically use what you know. How about that school isn't important thing? You learn more from what you do and how you do it than from where you go

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Interesting, isnt it? Combining math with gambling truly opens up a whole new realm of ability and tactic. James Simons and Chris Ferguson deserve recognition for their achievements.

To be sure, there are other factors that contribute to their success outside math; these include rapid thinking, astute execution, and knowledge application. Although they may not be taught in the classroom, the practical skills we need to thrive in life do create a strong foundation. Do you not frequently discover that the 4% you mention is the piece of the success puzzle that is missing? Similar to gambling, the secret to success is not always to hold the best hand, but rather to know how to play the ones you do have.

These gamblers deserve our respect not only for their winnings but also for demonstrating that exceptional results can be achieved with specialized expertise. Our powers might alter the game in ways we cant even begin to anticipate if we have the proper training and a little imagination.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

- It seems that what you said is true, because I watched an English movie where a retired old man tried to bet on the lottery, and after betting a few times, he found a leak in the lottery betting. ticket given to him when betting.

Then I saw on the show that he was doing a math computation where he knew what number would come out, so what he was doing was buying a ticket in bulk. Even if he spent a lot on the ticket, he was getting it back because the calculation that was being done was correct, until he formed a group in their community to help them financially. But I'm not really sure if that's true in real life; it seems like the only people who know that are the masters of mathematics.

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I've played poker many times. Of course, knowledge of math and probability theory is of great importance here. You also need a good memory to memorize the cards. and you need to be able to bluff and hide your emotions - you can't do without it. this is the rules for good players

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I think it's possible to be able to read cards that will come and go because the game of poker makes a lot of sense, as far as I know, it can be predicted from calculations and you can use mathematical methods, but keep in mind that this method can be used against other people in a kind of PVP game. not against the machine, because basically even though we are good at mathematics, don't expect to beat the machine because the machine cannot be beaten.

I have tried many strategies, even with mathematical calculations that I know, playing games like dice or something like that doesn't produce results and indeed it won't work when using it against a machine because gambling machines are used to beat the user and win to get money from the game. One more thing, mathematicians also need luck to be able to win at gambling. Grin

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

~

School at most taught you foundation. I highly doubt whatever they were taught at school was what enabled them to use math, however, it works, to be able to reach millions in winnings. Do you have any info on what they were before winning? I highly doubt they were some random dude with no asset to their name or family. They at least started with something, compared to your usual average person. Even if they studied really, cause to be fair, there are a LOT of people who are mathematicians out there, probably a lot better than people you've indicated. But they haven't really been winners in gamblings no?

There's still a case-by-case basis here though. Knowing it or not knowing it doesn't really matter imo, as you'd still need some factors of luck. And is kind of dumb to rely on that "4%", wherever you got that really.

Solosanz

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Using math, you can only calculate the percentage of probability you can get a good card, you have no way to guess which card your opponent have. If it's played in physical casino, I guess you also need to understand about psychology since you could know how big or small the probability you can win by looking at their gesture, expression and other thing that can help you to guess them.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

People like that are called geniuses. Even if they tried to teach this strategy to other people, it seems to me that only a few would be able to repeat their success. It is important not only to know maths, but also to use this knowledge competently in gambling. This requires special skills.

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Quote from: retreat on November 17, 2023, 07:33:28 AM

I don't think that mathematics is related to gambling, because if it is related today we have seen that many genius mathematicians gamble and win in casinos, but unfortunately so far there are none. So gambling is still related to luck and skill, mathematics is only the umpteenth factor, not the biggest factor.

Yes, gambling is luck and skill, but of course don't ignore the fact that all things have a relation to math. Many gambling games relate to what we call "probability", which is the measure of the expectation that an event will occur or a statement is true. In gambling, something might occur, like you being a winner. For example, in the lottery, there is a certain probability or computation where you can get the right numbers, but of course it's too low. Still, math can measure that. Slots are programmed to randomly give the jackbot, but of course there is still a probability for you to get the jackpot. You need to consider how many symbols there are and the series of combinations before you can hit the jackpot.

Although there's probability or math in gambling, it is still not enough for you to win. Why? Because gambling is a complex and unpredictable thing, it requires more than just skills and luck—skills to think about when to play or how to play—and a certain probability that will give you a win. It's not just about luck and skill; there are a lot of important factors to win in a gambling game.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

Everything works based on a formula pr a principle. Often times, those principles and formula not often known or seem are the foundation of successful businesses.

People avoid dirty places and in reality, gold is not gotten from clean places, neither is Hydrocarbon. So the few that dare to adventure that part always sees a tremendously great reward.

Liken it to the gambling space, these industries functions in the same similitude. The few that apply the formula of the first principle (according to Elon Musk) tends to unearth the very core of the business and then they make a fortune out of it. You can see what capacity the first principles delivers on when you look beyond gambling. It's a natural phenomenon.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I can really remember a post I saw when the person was saying that gambling is about a stroke of skill luck is not needed and I made it clear to him that if that is the case then there won't be any loss since the bettor is hosting his gambling skill and we can not argue the fact that skill is not needed but both of them are ingredient both skill and luck that is gambling for you and there will be circumstances you did not even plan for and you will win, that is when luck is coming in and skill could not speak for you because even after the whole calculation you still lost the ticket.

winning millions with math nothing surprises me anymore net worth of 20 and all gotten from gambling, wow that's impressive and some people are lucky with gambling and solving winning is such a great talent and most prominent people are also betting with huge amounts of money even from games. if not now am also surprised about skill, but I still believe in luck does that play lottery and pick random numbers and still win will you say that is skill?

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I don't think that mathematics is related to gambling, because if it is related today we have seen that many genius mathematicians gamble and win in casinos, but unfortunately so far there are none. So gambling is still related to luck and skill, mathematics is only the umpteenth factor, not the biggest factor.

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Poker is a combined skill base and luck in my opinion and that never changed as I watched more poker players play. It's true that Math can help out in that game but there's still a chance it won't go your way since you don't also see the other players cards. Players who are good at bluffing can make you think that their card is as good as what their wager or that it's just a bluff. It's a mind game too so I doubt a professor of Math could easily win this game.
One of the reasons why many actors are also good at this game. Poker faces. They don't need Math but they can always just fake it like what they do in Hollywood. Cheesy

I think Math does help with probabilities but it does change when the flop comes out or until the river. That's why those with AA like to end the round as soon as possible before someone gets something on the flop. Again, that will rely on luck and even those who fold might have gotten a good hand if they stayed.

Oh and please, school is important. You won't be writing like this if it ain't for school.

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Quote from: KiaKia on November 17, 2023, 05:19:39 AM

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

It would have been great if you had given us a clue of how to apply maths in gambling. Then we can have something to work with because we all work something that works. I have always known that someone can developed a system that can give him edge in gambling, that's exactly what these guys did.

Quote from: KiaKia on November 17, 2023, 05:19:39 AM

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I don't think I agree with you in this very aspect that school is not important. School is very important because without school you might not even be in thus forum because you may not have learnt how to read and write and also interact in a forum like this. Also there are many successful people who achieved their target by applying what they learnt in school. Some were even recruited upon graduation. School is very important and we should not try to downplay it.

Topic: Math and Gambling - page 10. (Read 1170 times)