Math and Gambling - page 5. | Bitcointalksearch.org

Japinat

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Quote from: 348Judah on November 30, 2023, 08:23:16 AM

this will also increases our chances of getting higher edge over time winning in most cases on how we gamble.

I doubt the edge will increase if we are playing against the house which has a house edge.

It's known to us that games with house edge aren't winnableo on the side of the gamblers, at least in the long run. So the best benefit we could rip from having a good math in our game is to stay realistic and being able to manage the risk, there's no other benefits aside from that, unless we're up to a level of skilled based games.

348Judah

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Quote from: Ever-young on November 30, 2023, 05:36:38 AM

Technically, there are games that requires you to use your skill and IQ to defeat your opponents but not all games, so yes there are games you can use mathematics skills to win, just like he poker, you need skills and experience too to be able to outsmart and be one step of your opponents. But know this is only applicable to specific sports and games and not all, let's say soccer for instance, I don't see how maths skill would actually be of help when making analysis on soccer games.

You're right, we sometimes need to make use of our mathematical skills to determine the way we gamble and make some bets, especially on those that often deals with randomization of numbers, gambling needs us to be totally honest with the way we planed the games we play and when to play such, we must be calculative in the way we gamble, this will also increases our chances of getting higher edge over time winning in most cases on how we gamble.

noormcs5

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Quote from: ethereumhunter on November 30, 2023, 03:27:15 AM

Quote from: zuzie on November 29, 2023, 08:37:23 PM

Quote from: retreat on November 17, 2023, 06:33:28 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.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

But people who are not good at mathematics can win some money from gambling because they get lucky. Those of us who only use gambling as entertainment don't need to think about things because it can be confusing for us, especially since we don't chase victory like other people. We just need to enjoy gambling as we should and whether it's experience, skill, or intelligence in understanding mathematics, we need luck and that means we have to be able to relax when playing gambling. Otherwise, we will not be able to enjoy gambling but there will only be the desire to win, which can lead to greed or a lot of losses.

Does math really work in gambling? i don't think so. Even probability and statistics are hard to work in gambling. In any other field, you may gather the previous data, compile it and try to find the future outcome but here in gambling games, no probability will work because every game has its own luck and you cannot measure or predict luck. It is natural and not predictable.

The strange thing is that no matter how much you are intelligent or have experience, nothing matters at all, nothing stands in front of luck. The most dump person can have good luck and become a millionaire from gambling.

Latviand

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If you can do mental maths like Ferguson and Simons then sure math and gambling definitely goes hand in hand but if you're not a savant like them then it's going to be the same for you and everyone else, all of us will have the same luck and chances in winning in gambling so I don't advice that you should bank on the fact that there's math in gambling and that you can use it because it's difficult to do math if you're not good at it and you can't do it mentally, unless they allow calculators when you're playing then go for it I guess, you could probably use math the most efficient if you are playing lottery, since you can just take your time doing the calculations to pick the right numbers.

Mr.suevie

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Quote from: Litzki1990 on November 30, 2023, 07:05:22 AM

Quote from: oktana on November 19, 2023, 01:50:20 AM

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Some calculations may require the help of mathematics, but to calculate the calculations required in gambling, one must have the concept of general mathematics. On the way, we all have a rough idea about mathematics, since we have a rough idea about mathematics, we can use that idea in the calculation of gambling. Before accounting, the most important thing for gambling is to have enough knowledge about gambling and luck. If we have the right idea about gambling then we will stay away from gambling first. Besides having knowledge of gambling, luck must be on our side.

It's really funny how people tend to believe that they can actually calculate their way to winning because with all my experience and years of gambling, I would like to argue that this thought to some extent is totally false and doesn't seem to play out whatsoever because the gambling I know of, it's going to be very hard to calculate the outcome of a certain result and even if it's actually done, the cases will be very rare and if you would come to dissect the whole thing it would still be as randomly playing and luck being the core factor.

Litzki1990

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Quote from: oktana on November 19, 2023, 01:50:20 AM

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Some calculations may require the help of mathematics, but to calculate the calculations required in gambling, one must have the concept of general mathematics. On the way, we all have a rough idea about mathematics, since we have a rough idea about mathematics, we can use that idea in the calculation of gambling. Before accounting, the most important thing for gambling is to have enough knowledge about gambling and luck. If we have the right idea about gambling then we will stay away from gambling first. Besides having knowledge of gambling, luck must be on our side.

Ever-young

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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?

Technically, there are games that requires you to use your skill and IQ to defeat your opponents but not all games, so yes there are games you can use mathematics skills to win, just like he poker, you need skills and experience too to be able to outsmart and be one step of your opponents. But know this is only applicable to specific sports and games and not all, let's say soccer for instance, I don't see how maths skill would actually be of help when making analysis on soccer games.

Crypt0Gore

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Math is only going work if the game is based on calculation, a good example is poker, but I am not so good in math and I believe that's same with many people, there is a different between someone who knows math and someone who is a math genius, the example of what OP is talking about is math genius.

I believe that Blackjack also uses basic math to determine the best way to make each hand decisions, still losses is still present, but understanding math can increase your chances of winning, what I can't figure out is if this will benefit gamblers who gamble online or offline.

If you are gambling for fun you don't need to stress yourself out using math, I choose slots game for this reasons, I don't want to be stressed as I have other stressful things I engage with everyday in my business.

ethereumhunter

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Quote from: zuzie on November 29, 2023, 08:37:23 PM

Quote from: retreat on November 17, 2023, 06:33:28 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.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

But people who are not good at mathematics can win some money from gambling because they get lucky. Those of us who only use gambling as entertainment don't need to think about things because it can be confusing for us, especially since we don't chase victory like other people. We just need to enjoy gambling as we should and whether it's experience, skill, or intelligence in understanding mathematics, we need luck and that means we have to be able to relax when playing gambling. Otherwise, we will not be able to enjoy gambling but there will only be the desire to win, which can lead to greed or a lot of losses.

Hirose UK

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Quote from: arimamib on November 19, 2023, 11:13:32 AM

Quote from: Hirose UK on November 19, 2023, 01:33:23 AM

Quote

~snip~

When using mathematics in gambling games such as poker, of course every gambler has their own way of calculating what strategy to use in processing cards, but calculations like this cannot really be understood by everyone.
And regarding gambler prowess in calculating cards accurately to get more wins, it is not problem when they gamble in large casino, after all trusted casino will not ban customers just because they win more often.

The branch of mathematics that is related to gambling is Probability Theory or Probability Calculus. This applies to all kind of gambling, not only cards gambling. Gambling is a game about calculating a probability of something that can appear. There is no certainty at gambling.

Yes, that true, but not everything can run smoothly, even in other games that are not games of skill because in this type of game, perhaps you will only be able to calculate odds, not calculate exact numbers.
What is meant by calculating exact numbers is several numbers on the card because in calculating them you really have to be able to consider everything, including the estimated numbers your opponent has.
Remember that every calculation will have considerations because not all of them can be the right way to make playing strategy.

Quote

There is no strategy at calculating anything at gambling, because calculating is static, no various options. Strategy at gambling is about reading the game directions, big or small bets, or the habit of the opponents at putting bets. This is why psychology plays big role at gambling that can rush the adrenaline of the players, because uncertainty create hope for people.

Not everything will go as you say and indeed the calculations in making playing or betting strategies are always different, from this I feel that you and myself have different thoughts and the calculations for playing strategies also cannot be in harmony.
But we know what is best and we are confident in our own abilities so I will still do what I think is right, including calculating how to create game that has the opportunity to give me victory.

Psychology plays an important role in gambling and every gambler must have the right psychological approach to avoid all these problems.

junder

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Quote from: TurboMen on November 19, 2023, 05:29:51 AM

Quote from: Cantsay on November 17, 2023, 04:35:50 AM

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.

I know gambling is math, but I never knew someone who used math to win a game, but I have seen it in many movies. It's really a skill for someone to make it happen. And one person I know who is actually addicted to this kind of video, "How to Win Millions in Gambling by Using This Math Trick," And he never won any lumbsum until now, plus he's still addicted and loses everything he has. Earlier, he had a decent job, but now he's jobless and still calculating the math, hoping to win one day. I don't know if he wins or not, but how can he be so stupid to lose his job, family, and everything just because he is obsessed with this?

For poker-based gambling, yes, because poker is a math game at its core, so in my opinion poker games involve a person's skills in playing that use math as their expertise to be able to get a win, also the skills that are played must be good because they will determine the future course of this poker game, unlike slot gambling.

Slot gambling in my opinion does not have to have skills that are prioritized, let alone math. Because slot gambling only relies on luck that will determine whether or not you win. I've seen someone who doesn't know slot gambling well, he does it by default and before long he makes his friends dumbfounded because he hits the jackpot. the other side is a person who has been gambling for a long time with a lot of experience, they will not get a big win if they are not lucky, no matter how good their game is in the end it will lead to luck too.

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Quote from: retreat on November 17, 2023, 06:33:28 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.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

wxa7115

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Quote from: goldkingcoiner on November 24, 2023, 10:01:24 AM

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?

Anything is possible, but only if you have the knowledge. And math is the language of logic. If you learn to read and write it, then you can turn your dreams into reality. Winning 8 million dollars is nothing but a use-case example of exactly that. I sometimes wonder why people don't try to find out more about how the universe works. Mathematicians are basically "reality hackers" Roll Eyes

But we are talking about using math for cheating a casino out of their money. I do not think it is wise nor honorable to do that. And you might get into trouble with the law in some cases.

If you are using math to beat the casinos then you are not really cheating, you are just playing at such a high level that even if you are at a disadvantage you can still beat the casinos consistently.

And we have seen this many times before, even on games that in theory may seem to be impossible to beat, and yet some dedicated gamblers found a way to do it, fortunately for casinos even if there are many gamblers interested in beating them, there are very few gamblers which are willing to go through the necessary steps to achieve this.

Lida93

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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?

If this is true about 96% of what we learn from school not used in our everyday real world then there won't be need for the fights by nations to eradicate illiteracy among their citizens at all levels. Show me a country that is developed in science and technology through an uneducated people. 96% of all inventions we enjoying in our society's is due to education the 4% should be that of personal experiences from live.

The gamblers using maths to combine with gambling to make wealth for themselves the idea is gotten from the education they obtain studying mathematics formula's in school and using these formulas in synergy with their gambling experience to make success from gamble.

Mathematics involves a lot of calculation and anyone can only get it right with these calculation by being educated, an illiterate can't combine maths and gambling together and make a successful results of it, he won't even know where to begin with.

Mr.suevie

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Quote from: oktana on November 19, 2023, 01:50:20 AM

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Thank God you still clarified that it still boils down to the fact that luck would be needed, gambling is something that was designed for the purpose of luck to take course because if someone can actually calculate his way to winning then it won't be a busy idea anymore as everyone would just follow the method but with the whole set up of the process, winning is supposed to be hard and determine by a factor which no one can fully control although calculation can give you the perception of getting close to the answer.

piebeyb

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Quote from: wxa7115 on November 23, 2023, 08:15:23 PM

When it comes to those games there is not really a strategy you can devise to beat them, and you must content yourself simply with the joy you can get out of them.

I agree with this because I probably understand a little about mathematics and formulas, I have also tried various techniques and strategies, but the dealer always wins, the smarter we try to beat the dealer, the smarter the dealer is than me, that's why I prefer to enjoy it. my game compared to thinking about how to win and beat the dealer with mathematics.

To be honest, this method will not be useful no matter how clever we are to design a strategy using mathematics, even though in gambling they are the same combination, but still we will not get any wins, playing gambling must be truly satisfied with what we play, for example enjoying the game as it is. gamble for fun and consider it as entertainment so don't be obsessed with winning the game, so just enjoy the game Wink

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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?

Anything is possible, but only if you have the knowledge. And math is the language of logic. If you learn to read and write it, then you can turn your dreams into reality. Winning 8 million dollars is nothing but a use-case example of exactly that. I sometimes wonder why people don't try to find out more about how the universe works. Mathematicians are basically "reality hackers" Roll Eyes

But we are talking about using math for cheating a casino out of their money. I do not think it is wise nor honorable to do that. And you might get into trouble with the law in some cases.

aioc

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

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.

Is this the guy, Jim Simons (mathematician) he did not get his billions of dollars on gambling based on his wiki page, he got it from hedge fund and investing he just uses the math to accurately predict his investment

Quote

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 would like to correct this error but Jim Simmons is a product of school he did not learn math on his own but he went to a prestigious school to enhance his knowledge, especially in Math so it is wrong to say that school is not important all the billionaire of the past and present generations are products of schools.

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He received a bachelor's degree in mathematics from MIT in 1958[18] and a PhD in mathematics from Berkeley under the supervision of Bertram Kostant in 1961 at the age of 23.[18] After graduating from MIT, Simons traveled from Boston to Bogotá, Colombia on a motor scooter.[19]Academic and scientific career

0t3p0t

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Math and gambling is a good combination to be honest. Gambling involves money or numbers in any sort, so if someone is good at mathematics then he or she has the higher chance of understanding the game. It is also convenient or at ease when you are good at math when gambling and you can even make a trial and error on a new strategy using math.

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Quote from: wxa7115 on November 23, 2023, 08:15:23 PM

When it comes to those games there is not really a strategy you can devise to beat them, and you must content yourself simply with the joy you can get out of them.

The term 'luck-based games' speaks for itself, especially for gamblers. It implies winning relies on luck rather than skills. Therefore, there's limited room for development here, except perhaps in mastering proper bankroll management. However, it's not entirely necessary, as the house edge will likely erode our bankroll over the long run. To be realistic about winning in gambling through mathematical strategies, the focus should shift to skill-based games. Moreover, specificity in the chosen game is crucial, as each game demands a different strategy and approach.

Topic: Math and Gambling - page 5. (Read 1266 times)