Topic: Math and Gambling - page 3. (Read 1271 times)

I don't know why people always think that mathematics can beat the dealer in casino games or other games, I'm actually not sure about that because I often try various strategies and my mathematical skills to try to beat the dealer in several casino games, but in the end I only win a little and experience more losses, but that's not the real purpose of my gambling, I just have fun at gambling.

So I won't take it too seriously with every defeat I get, I'm just sharing a little of my experience where I used mathematics to beat the dealer but it never worked, it's best not to do it because it would just be a waste in my opinion, everything is as you said Back again to the luck of each gambler, it doesn't matter how good you are at analyzing or good at mathematics, it's still the lucky ones who win.

That's because poker is very different from other gambling games based on pure luck. In poker, skill weights more than other factors (like 80% if I'm not wrong), so that's why some individuals excel the way you said.

But math's won't help you make money in other pure gambling games like roulette, dice, crash, slots...



Not everything in your life is meant to be used to make money. If that's your main goal in your life, I think that you're losing something really valuable.

It is true that in school they don't teach you some interesting practical things that one must learn on his own, but that's not a reason to say that school is not important.

Even knowing the game well only brings defeat, and an instant victory can ease the tension. For those who come to gambling to relax, they don't care too much about the results, because experiencing the atmosphere of the game really helps them relieve stress.
I have also seen some instructions on how to cheat during gambling or even forms of technical analysis to increase the odds,... but in the end, with gambling, I always stick to being relaxed, so I don't think too much about whether I lose or win. Although I have also experienced many different levels of gambling, and sometimes I find people a bit too complicated about issues in this area, think of it as a concert, and the amount of money we spend is the cost.

It is very difficult to hope for luck in gambling. We have to be aware of this and always use clear boundaries when gambling so that we don't lose more money when gambling. If we can have good self-control when gambling, we can reduce the risk of losing money and will always stay within limits because we don't want to see ourselves lose even more. Apart from that, we also have to avoid gambling addiction, which even makes people unable to quit gambling. That is why we must continue to practice self-control while gambling so that we don't experience problems that we don't want.

You might want to narrow your point down to the aspect of sport or game you have in mind. You can say that for soccer or a few other sports but not all games, there are games that does require more skill and less luck. Poker or Blackjack for instance, you sure need a high level of math skill and less luck. With the help of maths in poker, you can easily calculate your way to victory, it'll make it easier for you to calculate your opponent's next move before he even makes them. So yeah there are certain games you need to depend more on your maths skills rather than just luck.

Like Op eventually said, they both could go with each other and not one alone for the other.

Maths can be used for certain games though like for poker games or cards and a few others but definitely not for majority of gambling games. For example in sports, you can't rely on maths alone, you need the calculations if at all to know the goal strength of players, teams home and away but the football skill and knowledge you have is very important to your gambling success too. So maths and skills are not in isolation from each other.

You can't win gambling if you only know math. Gambling requires luck to win. Because we have seen that sometimes strong teams lose to weak teams. So it is wrong to say that only maths is required to win at gambling, you need both luck, maths and skill to win at gambling.

Investment is one of the best ways to save money and make profit without working or you could say using money to make money, that way every rich person or person with large assets will multiply their wealth in an investment.
They use this method to be able to make certain amount of money more definitely and consistently so maybe they just use gambling as place to have fun, after all I sure they already get lot of sweetness from gambling.

Yes, Edward Thorp is mathematics professor and he is also a hedge fund manager and Blackjack researcher.
He has quite large fortune and of course his experience in gambling is beyond doubt, especially in all types of card games, he can make more wins than his ability but after all his achievements it seems he will not do it again.
Edward Thorp is known as mathematics professor who produced many formulas and methods for calculating cards and also using correlations to get decent financial profits.

The mathematicians that found a new method to make money while gambling have gone to become great investors on their own right.

This is the case as well of Edward Thorp, which is the creator of card counting, however he probably earned more money with the book he wrote than by using his card counting method, and eventually he became a hedge fund manager and earned a fortune on the markets with a new method that he designed himself as well.

For your information, card counting is not cheating. Rather it's an ability or some call it a skill. The casino owners do not let you use it in their platforms because it will bring loss to their business. And who in their right mind would want to make a loss in business? My point was in the previous post that you don't need to be so good at something that people will fear you. They will outcast you just because you are different from them.

Gambling is for entertainment and it should stay like that. If you run after skills and money to win in gambling, you will lose the sensation of enjoyment in that process.

If there is no luck in gambling, no math will help. No matter how well we research but that can not assist our gambling to win. Initially, data analysis is important in sports betting, but in practically, the opposite picture is often seen. There is no chance to call it unusual because we know that betting is associated with luck. I don't think a gambler will get much gambling if he relies only on math. Because we often see how a weak team wins against a big in various sports. Moreover, in order to win big, a gambler must take risks and bet in favor of the weaker team, otherwise he will not win big. Here the calculation will not be effective. I would say that both luck and math are needed.

Nowadays that the seccurity system is already very sophisticted, I don't think someone could do this to a casino, maybe before but it cannot be working now. If we want to use our skills in math, we should do it the right way, a way to win and at the same time we won't violate the rules of a casino.

Casino is a thriving business, it's a big industry where it's growth every year is impressive, so that simply means they are consistent making money and they won't allow any cheating to ruin their business trend.

For being the greatest gambler ever, his Wikipedia page makes no mention of anything related to gambling. The vast majority of James Simons' wealth comes from investments and being a hedge fund manager. He has been successful at creating investment strategies by developing mathematical models and analyzing patterns. While investing in financial markets can be seen as a form of gambling it is not the same thing in the traditional way that most people understand gambling.

It is not like that when you become good at math you can win every poker bet. It only increases the chances of your winnings. Even with this "skill", luck plays a huge role when it comes to gambling. Being good at mathematics only gives you a boost that you can use to calculate the probability and win more often. But that does not give you the ability to win each and every bet.

This calculation is called card counting if I am not wrong. It required practice and time to master it. Then again, when you become good at it, you will be restricted from many platforms as this harms their business. Stop chasing something that only takes you deeper into the abyss. Enjoy the process as it is meant to be for entertainment purpose. The internet will only show your their wins but not the losses.

If you talk about Mathematics and gambling, this can be seen from an application point of view called probability or experimentation, not all types of bets can be calculated using mathematical methods, Yes, some gamblers think that the properties used in the mathematical method can be said to be theoretical, even though some actually have an impact on facts.

Maybe we will often see the resulting events which are often used in mathematics such as dice games, we often see dice having properties in the form of numbers, other types of games such as roulette, lottery, poker, blackjack because all these games are always calculated based on the numbers that are bet and also by combinations of numbers, as far as I know, these are gambling games that are often combined between mathematics and gambling.

Yes, if you can't stop for a moment then you will continue to experience a very serious addiction because you will place irregular or excessive bets, but if you try to stop when you are lucky then you will soon enjoy the results happily. Indeed, when gambling, a person must have self-awareness when gambling so as not to make fatal mistakes and harm himself.

If someone says that he is able to calculate winnings in gambling, in my opinion this belief is still very doubtful, because no one can really guess or predict a win, and that is a delusion that an addict has.

Yes, we have to know the time limits and stakes in gambling so that we don't just hope for luck but for entertainment for ourselves. Apart from that, good self-control is also needed to perfect good behavior when gambling, which is useful for minimizing the risks of gambling and preventing us from becoming addicted.

I also only heard about the stock market that it is better to close all transactions on Fridays, because something that can't be predicted may happen over the weekend and the market will be closed.

A strategy for avoiding obstacles is one of the best methods in gambling and even trading, but I called it differently for myself - you need to strive not to win as most people do, but to take actions in order NOT to lose your money. It sounds almost like the same thing, but the meaning is radically different. This allows us to learn and make fewer and fewer mistakes each time. I applied this specifically to poker, where the math part is very important. Together, this approach allowed me to beat small limits, but I didn’t rise higher because I had to study with a coach, which I didn’t do.

In about 3 days ago, I went to the haircut saloon and had some Forex Traders discussing about the forex trading, one of them seems to be an expert trader who said he made over $1,500 in not more than hour simply because he follows the marketing line and taking advantage against the streams. You asked the once seems to be his junior traders to avoid the Fridays trades because he had studied the weeks candle chart and had examined that there would be flops.

About this, I clearly believed that he is a chronic mathematician who bases his calculations and probabilities on bypassing and boycotting of obstacles.
So there are certain tendencies to lead winning of such an expertised person if grounded in the gambling and employs such criterials in the gambling.
Hence you will understand the nature of the gambling program, ability to enumerating with the possible probability to win via historical charts and considering the reshuffling of recently structures of the game with technical necessity of plus and minus analogies.
However, a huge piece of "Lucks" stands more a consistent to who takes the winning in the gambles instead the mathematical terms is to enhance ones skills as individual benefits of wall to lead on as courage while sitted for gambling.

That is not in line with most people who are good at mathematics can produce a lot of wins in gambling. In this world there are hundreds of people who are quite good at mathematics so that if that is the formula then we will see many of them can make money in gambling and maybe some people or just call it more luck by making mathematical studies applied in gambling. Besides, we also don't know how the mathematical relationship he uses in gambling so that the may not rely completely on mathematical formulas.

Half use the mathematical formula and the rest may remain in luck and even if it is bigger using the mathematical formula, it will be quite interesting to be invited and try to find out what kind of formula he uses, Because almost many people will not find formulas in gambling to produce consecutive wins consistently.

Yes, that's what happens because luck chooses people who deserve luck so that people can win the gambling game. We can only enjoy gambling properly as entertainment and not chase victory or try hard to win. That will be difficult to do because we will only get problem after problem that we may not be able to face and everything will be our fault for trying to chase victory. So it is true that even if we are experts in mathematics, we will find it difficult to beat the house because the casino is their business and we are just players trying to get entertainment from gambling.

It is difficult to beat the bookie because they own the business but even so, we as gamblers, can indeed win a little compared to the bookie. After getting that win, we should immediately leave the casino so that there is no desire to chase bigger wins, which will not be easy for us as gamblers. Only with luck can we beat the casino, but we won't always be able to get lucky because luck will always move to other people, and we don't know when it will be our turn to get lucky.

Those of us who don't know when we can get lucky can only keep trying, but we also have to know how long we try in one day because our goal in gambling is not to get lucky but just to have fun. Let luck come to us while we just need to enjoy gambling and if today we are not lucky, we must immediately stop gambling before we end up spending all the money. That's why we must always use clear boundaries when playing gambling so that we are not influenced by anything we see while gambling so that we can stop gambling whenever we want. And after luck comes to us and helps us win the gambling game, it is better for us to stop immediately for a moment. That will save us from using the winnings and the capital we have from wanting to continue gambling because we hope for bigger wins.