Topic: Math and Gambling - page 2. (Read 1266 times)

Well I think math and statistic together with probability which now is a profession that we call a "Data scientist" which in the end of the day is just an advanced statistician can help especially in sport betting if you are crazy enough to keep track of all results of every single week of the games where you place the bets the most.I know statistics are just that statistics but sometimes those help you decide to go for money line,over or both teams to score for example,or if a certain team has never or almost never won a head to head with another team you can place a huge bet on that team to "win to nil no" bet.In the end though luck is prevalent and without it you can be the greatest scientist on earth,or greatest math practitioner and you will still lose.

The movie are not all of them was made only by the imagination,this generation had the unique ability to recreate the original incident in to the movie.The gamblers who want to shine in the gambling had no other option then making the risk in the game.Some of the gamblers will be inactive in the gambling after some loss in the game.The important factor was the gamblers should not inactive for the longer period,then it leads to the forgot of their own tactics to the gambling.The tactical move in the gambling plays huge role in the gambling,So the gamblers can make the big win using the tactics in the gambling site.

I always wondered is gambling purely a game of luck. But now that you have created this topic I began to question myself. You are correct. Math has a big role in gambling. When we talk about winning and loosing probability, math comes first. I think gambling and math co exist for each other. But there is another problem. We are not that genius like the people you mentioned earlier, Chris Ferguson or James Simons. They were born genius. It's not something we can master in a day. Ever since I was a kid I was very weak at math.

Movies are fictional, and most of the things shown in them are imaginative thinking and creation and not what can happen in the real world. However, I do agree that there can be some games in gambling where a sharp-minded person might have an advantage over someone normal, but that doesn't mean that a person who has a lot of mathematical skills will be able to make calculations and beat the house every single time, that's at least not possible in an online gambling platform because of the results being cryptographically and randomly generated using seeds and RNGs.

So, I don't believe that a person can win a lot of money in gambling if they are good at mathematics or calculations or just have sharp and good memories, gambling, especially gambling games, is based on luck and one can only be successful in them if they are extremely lucky.

Jesus....
Computer science,PHD what do we expect..the man knows his math and Am officially a fan of this guy but his reputation is dented with those Ponzi scheme allegations of swindling other poker players !!

I think it's safe to say everything we do has math in it and the fact that pro gamblers use it shows the numbers do stack up in their favour and by the way, whatever strategy these guys use is pretty much dressed as math in disguise and not luck, luck is for armatures  

Totally agree, very few of us know how to crunch up the numbers to use math to our advantage as we have been made to rely on luck which isn't the case, let's learn the art of making our own luck and this comes as a result of math a reason why strategies such as arbitrage are successful is because the math works  

I do think that Math plays a huge part in knowing the probabilities of each game. With this in mind, you can at least be knowledgeable on what cards that are most likely to appear by basing your decision on the highest chance of draw.

While this may be possible like what OP mentioned, in reality, this is very difficult to master and it requires tremendous knowledge and calculation on the part of the person gambling. Again, if it were that easy, then everyone would have done it by now and majority of these gamblers would be rich.

Though this may be the case, I do think that we should NOT use this as our basis in gambling. While math may be applied, the reality is that only 1% of the population would profit from gambling by employing such technique.

Hey mate, I do not know about math and gambling but this I know is that with all the knowledge of math any gambler without a proper bank roll management, risk management, time management will still lose. If you know math and choose to wager with money that you cannot afford to lose, you will still lose and be in a bad shape.

Right now, gambling is all for fun. Those who use some mathematical formula for gambling are not having fun. For them gambling is a profession or a career where they have to win. It is a source of income for them. I don't do that. I stay within my gambling limits and strategies and leave whether I win or lose.

Yeah, mathematics has a gambling formula, in which mathematicians use probability to decide whether to place a bet or not. Especially in sports games. I've been around some mathematical forums where dice are manipulated using mathematical formulas. The odds are also calculated using math. This shows how glued gambling is to mathematics. It only gets better for intelligent mathematicians who can apply simple formulas before staking bets. Although not all games like blackjack can be won using mathematical methods. However, it requires time to become an expert in using those formulas. Not every gambler can utilize such an advantage in gambling. But, like Op said many gamblers quite have higher chances of winning big in gambling, using math. Luck is for nonmathematical experts, who still comprise of a huge number of gamblers across the world. However, those math experts still lose out in gambling, not that their formulas always predict games the right way.

Of course knowledge of math and good memory give a gambler an advantage over other players, but as I think not all of us can have such skills. I do not know if they can be trained, but I tried as much as I have not succeeded. I only increased my level thanks to a more restrained approach to gambling and accepting losses.

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

Hopefully, we won't be like those who do anything just to win from gambling. We won't realize the mistakes we have made if we are in a condition like them because we won't realize it. That is why we must continue to maintain good self-control so that we do not gamble excessively. This is also to reduce the number of losses we can experience because by gambling within limits, we will know when it is time to stop gambling.

Yes, we as gamblers should be able to enjoy gambling as entertainment and not chase wins that are definitely difficult to get. We have also seen that many people try it but most of them fail and they can't even win at all and lose all their money. And if we can enjoy gambling as entertainment, we can use our free time to gamble until the time to stop comes. Who knows, by using gambling as entertainment, we can win even if it's not a big win.

I really don't know how much it is possible to win bets by placing bets with mathematical calculations.  When you bet for any sports you need to look at previous matches and pick a potential team.  So mathematical calculations will not be very useful here.  On the other hand, when you play casino games, the games that are played with cards will come randomly, so you cannot improve much by doing mathematical calculations here.  On the other hand, the ones you have to play against the machine will play you with its own algorithm so you cannot win by mathematical calculation from there.  So I don't think mathematical calculations will be helpful for gambling

In my opinion, I do not see how calculating could actually help to when co.es to gambling (beyond budget management, so we do not completely lose our bankroll). Have you ever read about the laws of the probabilities of the Gaussian distribution of chances? Those principles only help you to understand what are the actual chances of getting a specific outcome, that information is already given to all of us when we partake in gambling or sportbetting.
The only application I can think of of the laws of changes/probabilities is to verify whether a specific game or set of gambling sessions are being tampered with in favor of the house or the gambler. It would be a simple comparation of distribution of chances in a Gauss bell.

Yes, just try and hope to win, gamblers will do anything to make their wishes come true, even if they behave badly or wrongly they will do it and this has been proven to be done by gamblers when they are in casinos without them realizing it. they will lose control and gamble without any restrictions.
That's right, gamblers don't need to spend a lot of money to bet, it's better to just be satisfied with what they have, so that they can enjoy every game they play in a relaxed and unforced manner then they will enjoy the sensation of gambling, namely getting entertainment and thinking that win or lose is bound to happen.

Gamblers can only keep trying to win their gambling games without knowing when they will win and if they become more and more obsessed with getting that win, gradually they will become addicted to gambling that they will not realize. And they also won't count how much money they have used for gambling because their goal has changed to just wanting to win from gambling. They should be able to realize this by losing a lot and be able to calculate the amount of money they have lost in gambling. They shouldn't need to use a lot of money to gamble because after all, gambling is just entertainment that doesn't need to be taken too seriously.

And most gamblers cannot predict their own winnings but are obsessed with getting them in the wrong way, namely being greedy and lacking self-awareness when gambling.
That's right, good self-control is very important and beneficial for ourselves to reduce the big risk in gambling, namely losing a lot of money and preventing us from addictive behavior. and this needs to be done by gamblers so that they play in a relaxed manner and don't overdo it.

While we are gambling, we need to be very calculative, there are instances or some certain situations that we need to have the mathematical calculations in making some bet on related games where such is applicable or needed, however, we should not also always rely on the fact that what we have calculated is always right because sometimes things doesn't work from the way we see them or apply solution to them, but we just need to be calculative in gambling because it will still helps in other ways.

Strong mathematical knowledge tips the scales in gambling towards our victory more than those who don't have such knowledge. We must also remember the concept of mathematical expectation and understand that the marathon of betting in gambling lasts for us throughout our lives, even if we have breaks of several years. And it is important what the result will be: for some it will be a huge minus, for others it will be a small minus, and for the luckiest ones, who understand mathematics and have complete control over their emotions, they will complete the marathon with a profit. Of course everyone wants to be like that, which is not surprising.

In all the things we do, when we do them with knowledge they become simpler, but this does not mean that we will have guaranteed results, in the case of gambling, knowing mathematics and being able to obtain a lot of information about the game we want to place a bet on if we place a bet. advantage, but it is not something that guarantees profit or constant victories. I read somewhere that certain casinos have customer lists and they ban these customers due to the fact that they are people who are constantly winning a lot of money in these casinos, this means that these people who are winning a lot of money in the casino are very skilled people, and When we talk about skills to win at games of chance, we are also talking about people with good knowledge of mathematics

Now we need to ask ourselves why the people who are sent away from casinos because they constantly win a lot of money are people who play card-related games, probably the answer is because in card games mathematics and other well-implemented strategies can do with a person achieving consecutive victories, while in other games of chance, things are much more complicated, in lottery and slot games it is useless to be a very skilled person in mathematics, in sports betting the same thing, so I would say that In general, it is useless to think that mathematics would be very advantageous in gambling, it will only be useful in some games

It's not all the time that math can do wonders in gambling, but I must admit that if you have good skills in math, the rate of winning is high. Although gambling is mostly all about luck, but having a good analysis in math also adds to your luck which if combined together, you will gain positive outcome from gambling.

However, I don't encourage everyone that if you are good in math, do maximal gambling. That is very wrong. Still, gamble on the amount you are comfortable of losing as gambling never guarantees the bettors to win consistently.