Math and Gambling - page 11. | Bitcointalksearch.org

btc_angela

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Quote from: xLays on November 17, 2023, 04:36:14 AM

Quote from: KiaKia on November 17, 2023, 04:19:39 AM

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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?

Always remember that luck also matters in gambling but using betting strategies and math can improve your chances of winning the game. In games like poker math probabilities and game theory. Regarding the value of school some disagree, but skills from subjects like math can unexpectedly help even in gambling.

Yes, still boils down on luck, as far as I know for Chris Ferguson, he always didn't win those Pokers games, but he will be in the top 5 and won some dollars. It is said that he might have created his own simulation program.

But still though, not a guarantee but definitely he has some advantage on it being a computer and math wizard. But it takes a lot and most of the time if everything is not going for you, it just a matter of luck and everything will suddenly goes your way.

Eternad

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Quote from: KiaKia on November 17, 2023, 04:19:39 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 only applicable on games like Poker, Blackjack(Standard Deck and Sports book which the result can calculated through probability which you can use to your advantage. Most of the guy that you mention excel on poker which means they are relying on dominating other people instead of the house.

But the regular gambling games offer by the casino is based on pure luck which this skills in math is not an advantage. Also even skill based game like poker, there’s no guarantee for profit even if you are good on math because there’s always someone that is much better to you.

masulum

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Quote from: KiaKia on November 17, 2023, 04:19:39 AM

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.

I am not a mathematician, but it would be interesting for me, if there someone can solve the mathematical formula to win the game of poker. Because, the chance of being right when making a decision will be very difficult. It's like, we already have a card that has the potential to be a straight, but before the dealer takes out the card, he should do a mathematical calculation first before betting a large amount.

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I don’t know if i can believe that gambling is not a thing of luck because if it was all about maths then we should have more numbers of people who are good in maths make money from gambling after knowing that this Chris Ferguson uses maths to win in gambling. There are lots of good mathematicians all over the world and we only have few making it big in gambling what are the rest using their maths knowledge for? I am not disputing your claims but i still think luck plays more role in his wins than his maths knowledge or probably he is a naturally gifted gambler. Though Maths knowledge and careful calculations and analysis will help improve your chances of winning so having deep maths knowledge can go hand in hand with gambling.

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It is true that using mathematics in gambling can result in more wins but it is the same as what you said in poker or other games of skill.
In games that have basic or skill basis, calculations can be very useful for creating playing strategies because on card there are definite numbers, even though the distribution is random, you can use good calculations to make the card into the largest combination of numbers.
Whatever numbers on the cards you get, if you can process them to make them better that means you have chance of winning.
Only those with skill and intelligence can use mathematics in the game of poker because I have seen that not all gamblers succeed in doing so.

We can learn and use these two professional gamblers as motivation to be more enthusiastic in studying and honing mathematical skills to create effective playing strategies.
But my advice is still don't be thinking produces about making money first because we still need experience.

xLays

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Quote from: KiaKia on November 17, 2023, 04:19:39 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?

Always remember that luck also matters in gambling but using betting strategies and math can improve your chances of winning the game. In games like poker math probabilities and game theory. Regarding the value of school some disagree, but skills from subjects like math can unexpectedly help even in gambling.

Cantsay

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Quote from: KiaKia on November 17, 2023, 04:19:39 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?

Before I began gambling, there were some YouTube videos that do pop up occasionally and I can still remember vividly that one was titled “a man was banned from gambling after winning with his mathematical strategy” or something similar to this; although I never played them since I’m no maths genius and if I should play the videos I won’t understand shit about what they are talking about, but one question still bother me, these so called maths genius have they never lost a game since they started gambling? Is their maths strategy a flawless one? It could be as what the post above mine said and it was just luck that their analysis worked and people linked it to their maths skills.

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Quote from: KiaKia on November 17, 2023, 04:19:39 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 am not 100% sure but there was a professor of math who used to win the lottery once and people thought he is a genius,he couldn't win it a second time so most likely it was pure luck that coincided with his thinking and algorithms at that time.In Poker you can win if you are good at math and focusing on counting every card rather than try to find other people thinking by reading their faces and expression,you have to be good at it,have a huge amount of patience like this Chris Ferguson guy and you can win,I would not be that much surprised,unfortunately very few people own such skills.

As for school when I graduated and got to my first job I found nothing from school was to be used there,so it is 100% theory the school just to give you some education.

KiaKia

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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?

Topic: Math and Gambling - page 11. (Read 1271 times)