The Gambler's way - page 11. | Bitcointalksearch.org

yoseph

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Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

Though there are indeed strategies that can make one win whiles betting, they are actually not 100% to win at all, so luck is therefore the most important thing when gambling that's why people are so superstitious when it comes to gambling.

zmkriel

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Quote from: 13abyknight on January 04, 2018, 02:09:05 AM

Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

As many people say, gambling can be considered 95% luck and 5% skill. Overall, its mostly about luck but with a bit of skill and calculations, you can beat the house. The point is that over the long run, the house always wins out and you must quit as soon as you make profit, no matter how small or else greed will get the better of you and the house chimes in to add to your misery.

Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

Auto betting with a low base bet and big multipliers is always a good strategy to rely on but requires a lot of patience. With the wins, you will always be ending up with profit at through end of the day. Of course there's always chances of busting but since the chances of winning big is always a factor, taking the risk or not would be your call to make.

I so agree that gambling is more on luck than skills most especially when you are on slots and dice. Though there are also games or table games that need strategy such as poker, top of the list on my favorite game. Poker needs strategy and math to beat the opponent and luck is always present in gambling.

Equity0924

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Is this gambling btc?

reliable

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Quote from: Asmonist on January 12, 2018, 10:32:14 PM

I'm somehow a less risk-taker type. Gambling is just so risky and I can't afford to loose a big amount of money. I believe there are strategies on doing it. But the ratio of chances of winning is quite so high. Well, its ok to gamble as long as you know the risks it will have.

Wining chances for me is slim especially in various games which is full of luck based games. Unless you play the poker or some strategy game where you can win it is difficult to make money in gambling. The chance of losing is always higher than winning it.

raven7886

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Quote from: South Park on January 13, 2018, 03:25:27 PM

Quote from: Don Pedro Dinero on January 09, 2018, 11:30:11 PM

OP can only expect to have short-term profits and long-term losses. What amazes me the most is how often people keep opening these threads to ask if some strategies against the house work, after all the times that has been discussed here and with all the info available out there.

No, they don’t work.

What it happens is that people do not lose hoe that they somehow are going to be able to find a way to make easy money we know that is not possible but some people will try anyway to try to get money out of the casinos despite our warnings and then when they lose they accuse the casinos of cheating when they are the only ones to blame.

We cannot blame their behaviors as that is how human's basic emotions will work when they need some help desperately. A gambler's way always includes finding strategy for making money and for avoiding losses. If they get some profits from gambling then they will go for another powerful strategy for making more profits at the same time if they face losses then they will start accusing houses on probable house's tricks.

When a gambler's way is only focusing on how to enjoy with minimum spending then gamblers can find maximum benefits from gambling. These maximum benefits may include financial as well emotion benefits.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Don Pedro Dinero on January 09, 2018, 11:30:11 PM

OP can only expect to have short-term profits and long-term losses. What amazes me the most is how often people keep opening these threads to ask if some strategies against the house work, after all the times that has been discussed here and with all the info available out there.

No, they don’t work.

What it happens is that people do not lose hoe that they somehow are going to be able to find a way to make easy money we know that is not possible but some people will try anyway to try to get money out of the casinos despite our warnings and then when they lose they accuse the casinos of cheating when they are the only ones to blame.

marlboroza

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Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

No, it is all about math and probability so if you are math teacher/Stephen Hawking/etc you will beat casino and you will become millionaire over night.
What do you think, of course it is all about luck, "winning strategy" doesn't exist. Roll Eyes

About yolo - sometimes is better to do few bigger bets than lots of small ones, in the long run result should remain the same because of house edge, but you will be very sorry if you place very small bet and hit very high multiplier.

Dontme

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Quote from: michkima on January 04, 2018, 06:53:49 PM

Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

There is no way to beat a casino just by using math. Math will actually tell you that you can't beat the house. The fact of the matter is, you don't have unlimited bankroll to be able to pull off a martin gale system nor can you bet with unlimited limits nor can you play without house edge. All gambling games are negative expected value, meaning each time you bet you actually lose something if you average everything out and compute it for the long run.

Yes, that's was true. Even though we use all of our knowledge and skills but if you are truly not lucky enough that day even though you give all of your strength just only to win you will not going to win the game.

eann014

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Quote from: crwth on January 07, 2018, 12:04:36 PM

Quote from: Barbut on January 07, 2018, 01:49:35 AM

Quote from: eann014 on January 07, 2018, 12:34:16 AM

Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

Gambling always has based on luck, there are some gambling game needs startegy but you still need some luck for you to win in a game. Sometimes even if how professional you are in playing gambling you can still lose some of the time.

Gambling isn't based on luck, its the game of winning and losing and waiting for the perfect hand. Casinos would stop working if their business is based on luck, they make money on people greediness. Let me ask you important question who brings more money to casino regular gamblers or high rollers? It's not about are you professional or not, you will always encounter with loses, in gambling you need to have money to try again and cool head to continue and not be distracted after losing money.

Well it isn't definitely based on luck, but it is definitely a factor when you are playing a game of chance. I don't understand why casinos would stop working when it is based on luck? It is the chance where you cannot know how to control success entirely, and you can never do that anyway there are no assurances of it even if you have rituals or something like that.

Hahaha! LOL, but I agree, what is the reason why casinos will stop working when it is based on luck? There is no related on that reason I think. And that is too unreasonable for them to stop working. LOL. Anyways it is depended on us if we believe or not in luck.

Kevin77

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Quote from: paul00 on January 13, 2018, 02:05:11 AM

I think gambling would mostly be on the luck side and luck will always win against any statistics that we have. Those probabilities are endless but luck will just be arpund the corner. So if you are having that YOLO thing when you're gambling then it might lead you to failure on your finances for luck might not always be by your side

The gambler's way are always remain as a typical one from rest of people's preferences and choices. A hard working man will see his money in greater different view compared to how a gambler do see his money. The life style and how they earn and spend money decides everything in my opinion.

But, the same behaviors alone the root cause for aggressiveness of gamblers to spend all his money like a mad and finally ending up his life too. I like to suggest all the gamblers not to have any unique gambling style or life style due to gambling. Because, leading a normal life itself must be a God's blessing and gift.

paul00

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I think gambling would mostly be on the luck side and luck will always win against any statistics that we have. Those probabilities are endless but luck will just be arpund the corner. So if you are having that YOLO thing when you're gambling then it might lead you to failure on your finances for luck might not always be by your side

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Asmonist on January 12, 2018, 10:32:14 PM

I'm somehow a less risk-taker type. Gambling is just so risky and I can't afford to loose a big amount of money. I believe there are strategies on doing it. But the ratio of chances of winning is quite so high. Well, its ok to gamble as long as you know the risks it will have.

If you are a less risk taker then I suggest you try something else and definitely not gambling. You are right that gambling is a risky game and after all its supposed to be done for entertainment and not for making money. Again you are wrong about strategies - in EV- games end of the day the casino always wins. On the other hand EV+ games can be profitable albeit by a slight degree only.

Still considering the risk at hand and the rising bitcoin price in future gambling is not something I suggest.

Asmonist

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I'm somehow a less risk-taker type. Gambling is just so risky and I can't afford to loose a big amount of money. I believe there are strategies on doing it. But the ratio of chances of winning is quite so high. Well, its ok to gamble as long as you know the risks it will have.

crwth

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Quote from: Lionidas on January 12, 2018, 04:15:26 PM

It is impossible to beat the house with strats along.
You would need a bit of luck as well. Wink

You need to use a little of both and at various times.
This is the trick at gambling. Cause you never know when to use what and when the house is at the disadvantage.

That's why you need to make sure of the things that you are doing. For example if you are experienced with the gambling you are doing then you would know what to do when you are with that kind of situation. You can never be sure with gambling, that's why it's a risk.

Shutup

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Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

My father is a gambling master before since l am a child, he got a lot of techniques to win the game. He got a lot of ways to win the game. He used to study and practice every day for him to win every game. If a gambler is a smart he got the authority when to stop the game, so that he will go home as a winner. Bigtime gambling like casino has no lose. They profit everyday, they will not promote this if they will not earn a big profit. Because I've meet a bigtime gambler and shared to me how he profit every day, it's a big amount of money.

Lionidas

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It is impossible to beat the house with strats along.
You would need a bit of luck as well. Wink

You need to use a little of both and at various times.
This is the trick at gambling. Cause you never know when to use what and when the house is at the disadvantage.

South Park

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I am terrible at Fantasy Football!!!

Quote from: Tenderino on January 09, 2018, 05:30:10 PM

I heard that if you have a lot of money and can double your bet 50 times, then you will win long term. That is why you will lose in brick and mortar casinos, because your max bet is limited and min bet is relatively high. But why do you want to beat the house? Why not try to beat the players while playing poker? And there are also skilled people winning in sports betting.

This is incorrect you are talking about nothing else but the martingale progression of bets, but at the end it does not matter how much money you have and how many losses you can take at some point you are going to lose, many people think that losing 50 times in a row is impossible but if you play long enough it will happen.

BillCoin

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Quote from: serjent05 on January 11, 2018, 02:14:44 PM

It is really hard to beat the house with math and probability since.. probability wise, house have an edge . But I believe with proper control and good timing, we are able to beat the house. Just like what I always do in yobit. I do martingale and wait till I got 7 consecutive loses and win. After that I stop bagging the won Bitcoin. It is hard but it is doable.

It is not really hard to beat the house, it is more like impossible.
You can't beat the house at the long term,the math and the probability is on the house's side,which means that if you will gamble unlimited amount of time, by math, you will always end up losing ALL of your money.

Martingale works only if you have an amount that is close to Unlimited money, that makes you to have a lose precentage that is close to 0%, but most of the online casinos set up a minimum bet and they won't let you bet low at flip coins bet(50/50), so the strategy won't be able to work.
Casinos are aware of all the tricks and they are simply blocking them all.

ethereumhunter

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Quote from: onrise on January 11, 2018, 06:16:37 PM

Quote from: yoseph on January 11, 2018, 10:13:26 AM

Quote from: wilburwilbur on January 03, 2018, 11:05:25 PM

since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?

well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?

Gambling has and will always be about luck and nothing else, there are times when strategy can be applied and it sometimes work but that doesn't seem to work at all times. SO its all about chance and luck in the end.

Only few of the games require and strategy works rest its a luck which decides your fate of whether you will win or lose the game .Soemtimes this simple things are not understood and due to which they keep playing and keep losing the money.

but for me, I prefer with the game base luck because sometimes I feel I cannot make a good strategy and besides that, I realize that I don't like a game with strategy. I like the simplicity of the game and feel I can play in anytime without confuse to make a strategy and if I have more time, maybe I will stay for more than one hour.

sofi@

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I think gambling is really about luck and making maths or any strategy will not work unless you can cheat the system and put some bugs on those betting site but in any way I don't think it can be done. When you gamble you make analysis to choose the best bet some maybe good on it but most of people who wins I think are only lucky enough

Topic: The Gambler's way - page 11. (Read 18670 times)