Topic: Math and Gambling - page 8. (Read 1271 times)

Gambling is often referred to a game of probabilities, logic and luck, because, one has to be able to predict outcomes and results from mere observation of play.  A bit of math is involved in minor calculations, but it's not a main stay or very obvious part of gambling. Even someone who knows no maths or don't like the subject can be as good as someone who does when they understand how gambling games work.

I have not seen  someone  who went to school of gambling and to start with gambling to win a gambling is matters of luck and it's not of how you know gambling, nobody can attest today that he or she knows how to gamble and everything enters together, so I believe if you are a gambler you know one or two ways to man over gambling,  or you know the studies of gambling very well, some people to gamble will be their first time and they will have the opportunity to win a very large amount of gambling why some people have gambling for years but nothing they have gain in gambling

Most card games are probabilistic in nature anyway, so it makes sense for maths to ppay a major role in a person’s win condition. The problem lies in learning what these probabilities are and harnessing them. To up your chances of winning. These math wizards knew the game to play, and what paramters they needed to tweak in order to maximize their winning potential.

Dana White, although he doesn’t look like it, is completely methodical and mathematical whenever he plays card games which bags him massive wins, it even cane to a point where he’s banned in multiple casinos due to the sheer amount of money he kept winning.

That’s just how things go sometimes. If you know your math, you own the world.

If someone is good enough at mathematics, then he will never gamble. Because the calculation is certain in gambling, it will only show losses. And a physicist once said "No one can win at roulette unless he steals money from the table and the dealer doesn't notice." which means that there is no single mathematical trick that can help us win at roullet.

So I think that in certain types of gambling we cannot use mathematical tricks in the game, because it will only be in vain and there is no benefit at all. Because this type of gambling has many kinds and types of games, you should be smart in distinguishing which types of gambling require using tricks and which ones only rely on luck.

When you want to make money, look into the society and find one particular problem and then create a solution to them, you will make a lot of money. Most of these prominent men you mentioned of their creativity using math's to find easy route for gambling actually did the same thing and they made cool money that history will forever remember as we are even discussing right now.

Learning in school is a different concept and squeezing it into use is another concept, they will teach you all need and the rest is left for you to figure out. Look at programming language for instance, you will learn everything from the beginning to the last part and they show you working example but after that, you are left on your own to figure it out what to do with it. This is also why we should hight against people that says school is scam, this not true even in a society where education is poor, the reason why they say this words is to discourage others because they didn't think out of the box to utilize their own skills.

In my opinion, the more one person knows about mathematics and the laws of probablities it becomes less likely for that person to become a recurrent gambler. Because, when some novice gamblers starts at placing bets or rolling dices, he does not think about the chances he has to big win, only think about the "posibility" instead.
There are gamblers who can be indeed well educated on math and still enjoy the game, but I believe those kind of gambler would not dare to wager as much as an uneducated gambler.

It's funny how mathematicians are not good enough at gambling after seeing this, I understood that it's not basically the rigorous kind of mathematics which are . mostly been studied in school it has to be a very simplified arithmetics which some persons seem to understand the principles behind it.

These men too were no doubts lucky at some point because mathematics alone may not have done it for them Enough to turn out billionairs gambling, there must be elements of luck added with a sound strategy which they followed with discipline. If it were to be just mathematics, considering human uncertainties especially with sport games where humans play.rhwy wouldn't turn out right most often.

Very wrong.

School is important, if you think that it's not important and you'll just give your kids life lessons with that 4% which making people rich, do that to your kids or to your relatives and tell it to them that school is not important.

It's not just all about making money but school is where we are trained to start being responsible and other basic things for a human being to learn like attitudes.

We admire these gamblers that have been winning with such strategies but don't make it look like people should be dependent to their experiences. Because in reality, they're like few in a millions and not everyone will have the same fortune and luck as theirs.

if you are talking about poker, yes, i can believe that someone can do good on this game. however, if you are into luck-based games, your math prowess here won't matter.
also, james simons, is a hedge fund manager. his wealth is not entirely coming from gambling per se.  he has the Medallion Fund, so it is not because he is into gambling the reason why he has the billionaire status today. i hope people would not just think that because of gambling these people are enjoying their riches.

Well mathematics is important to known, but it also tells anyone with experience that most casino games cannot be beaten, especially things like slot games which have a fixed RTP which eventually means you will leak out your whole wallet given enough time. Poker is definitely perfectly positioned for mathematical whiz kids, but they will also need to master the bluffing game as well which involves human psychology. There are some games like blackjack which are also vulnerable to exploitation, but the casino has more visibility of abuse in that game so you'll never get ahead of them long term. There is definitely an opportunity out there for new angles on most skill based games, like the example you highlighted.

I don't know how to answer, especially since the names you mentioned in this thread are not familiar to me. however, if I refer to the post content of your thread. it's not something foreign to us regarding gambling and mathematics. Some people, maybe like you said in this thread, have methods and formulas for dealing with gambling through their expertise, namely mathematics. I'm pretty sure there are many people who do it like the people you describe in the contents of this thread, but only a few percent succeed this way. Or you could also just count on your fingers.

In essence, not everyone is able to do it even if they have expertise in mathematics. If in essence it was as easy as formulated by mathematics, there would be many gamblers who would get rich just by having knowledge related to this exact science.
Well, I remember the 2022 Qatar World Cup. There are several members who show predictions from someone who is very skilled in mathematics, even though he doesn't actually predict gambling. However, based on his calculations, Brazil will qualify for the final round. "if I remember correctly." in fact, it was Argentina and France who fought in the final match.

Well, in the end, not all predictions can be calculated using numbers. moreover, those related to sports. because, each game involves many individuals or several participants. Honestly, I won't deny that a method like this might work and be quite effective. However, not everything they do is successful, especially betting on sports that are more complex and complicated than Poker.

I think maths could help you to manage efficiently your bankroll in most if not all gambling games, and then to avoid going bankrupt quickly but they can't help you for pure luck games of chance like lottery, slots and casino table games. How maths could help you to predict the next number or even it's colour drawn at the roulette? It's different for games involving humans such as Poker where your opponent is not the randomness but other human beings or sports betting where you bet on humans or eventually animals. 

Do all people have the same ability in mathematics?  Of course not... apart from that, many mathematicians don't like gambling because they are busy discussing mathematics at their school.  i don't really accept your opinion which explains that school is not important, you should withdraw this opinion because school will always be very important for everyone.  In some gambling games, skill is needed rather than luck, so not all gambling games rely purely on luck, nor do all gambling games rely on skill, but card games like poker certainly require skill ^{(whether it's math, analytical or other skills)}

Having good knowledge of maths helps one to be successful in his gambling activities but having maths knowledge doesn't guarantee that one will always win because there are gambling platforms that doesn't require too much of maths knowledge to be successful in them.
If having good knowledge of maths equates to being successful in it, a big number of people across the globe who are very good in maths would all have been doing well in gambling today. Gambling requires basic knowledge of maths but is majorly influenced by how lucky a gambler can be because it's a game of luck

This is not just nonsense, if you are good enough at mathematics, then this will help you increase your chances of getting big wins in the gambling you do. Because in gambling, apart from relying on strong instincts, in playing certain types of gambling we also have to be a little clever in making fairly accurate calculations. Like playing card gambling, whether rummy or gaple. Where to find out which cards have not come out and the possibility that they will come out can be calculated using mathematics.

However, you need to remember that the use of mathematics when gambling only applies to certain types of gambling. Meanwhile, for this type of gambling that only relies on luck, there are no specific tricks, formulas or calculations, like playing slots.

So it means that "Math" does really work?

Just like on what been said or mentioned about making  calls, then this is something that math could really be able to influence. It would really be that getting in line with your
own risk taking factor thing or decision yet it cant be determined whether you are really that ahead against other players or really just that simply
that you are that confident because of those calculations made?

If it turns out that this one is really that a legit reason and we've seen that he had been successful with it then it do shows that it could really be applied
but the main question is, HOW?

I think a person who won on gambling like poker depends on card counting.  It would be hard if a person is basing his decision on the expression of people because it can be misled by bluffing expressions.  More or less the person stated by @OP had known or has the skill of card counting, if not it I do not know how math can apply in the game of poker if not on card counting.

Math is indeed can be use to know the possibility of the result of a certain game, since game result is based on the probability, the only problem is the chance this probability computation tp coincide with the gambling result.  More or less there is still this luck factor in this winning result.

Do you know why the gambler get addicted to gambling by the two reason,one because of the development of the gambling site.The second reason was the gambler was believe on their mathematical knowledge will over come the algorithm of the gambling sites.The tackle of the algorithm is not easy one in the gambling sites,this was the reason for sometimes the gambler will win who made the random bet in the gambling sites.Most of the games in the casino was based on the mathematics and probability based game.If you play the dice game,the probability was based on the risk you had fix in the game.If you had fix the Roll over to 10.00,then the probability was very low for the loss in the dice game.But the Multiplier for the win will be very low at the end.So calculate and made the good strategy in every game.

Chris "Jesus" Ferguson was a well know poker player in the early 2000s. As stated he played poker relying on his math skill and knowing probabilities to decide on whether calling a bet in a poker hand was worth it or not.

You guys might look up some more facts about the guy though. He is also a co founder of a site called Full Tilt Poker in the early 2000s as well that ended up stealing alot of player funds. Basically overspending and waiting for future deposits in order to be able to pay out player wd requests.

https://en.wikipedia.org/wiki/Chris_Ferguson

You guys can read the Wiki.

Math can help players better understand their chances of success and use strategies to win. For example, in poker, blackjack or sports betting. But still, luck plays a significant role in gambling. Plus, you have to remember that most players lose money and that the casino stays in favor in the long run.