The Gambler's way - page 2. | Bitcointalksearch.org

onrise

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Quote from: omonuyak on July 11, 2019, 10:27:45 AM

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Quote from: marcbitcoins on January 04, 2018, 05:12:49 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?

This is sad but true that gambling will just rely on luck no matter how skilled you are and the other is to cheat using your skills in gambling. Just imagine that if you throw a dice, you cannot control the movement of it to show up your desired pair numbers so it will purely rely on luck. I don't trust online dice because we don't know it that was program to always win and the one who bet will always lose.

Because gambling is a game that its based only on luck. Even if you are a good gamblers if you dont lucky then there is no chance to win. And we dont really know if what strategy that we can use on play especially on dice and everytime you play its so hard to win.

People are still winning in gambling no matter how we think ”it is too hard to win”! Winning in gambling entail luck and carefulness and all of us cannot be winning! it is few that will be winning and we should hope to be among those few when we are gambling. I know it is risky but people are still making money through it.

People might be winning but overall we need to see out of how many games do they win and at the end of the day how people have lost money and won it. One would realize that loss is always greater than winning if calculated and that is obvious as well due to which casinos still exists and making money.

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Quote from: marcbitcoins on January 04, 2018, 05:12:49 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?

This is sad but true that gambling will just rely on luck no matter how skilled you are and the other is to cheat using your skills in gambling. Just imagine that if you throw a dice, you cannot control the movement of it to show up your desired pair numbers so it will purely rely on luck. I don't trust online dice because we don't know it that was program to always win and the one who bet will always lose.

Because gambling is a game that its based only on luck. Even if you are a good gamblers if you dont lucky then there is no chance to win. And we dont really know if what strategy that we can use on play especially on dice and everytime you play its so hard to win.

People are still winning in gambling no matter how we think ”it is too hard to win”! Winning in gambling entail luck and carefulness and all of us cannot be winning! it is few that will be winning and we should hope to be among those few when we are gambling. I know it is risky but people are still making money through it.

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Quote from: Janation on March 24, 2019, 05:31:54 AM

That is the reason we should not trust our luck.

Lets rephrase this in a different manner : Overconfidence will kill and greed will kill. Its about these things that actually make us lose. Luck is there but luck is also something that does not come on its own. We try to overstretch our luck because our self-confidence gets boosted.

Quote

We know how cruel gambling can be and we can't avoid it unless we make a strategy.

Even if you make a strategy you will still lose due to the luck factor. EV- means a 50-50 chance.

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If you can't stop yourself from gambling, at least do the games that will not require luck for you to win. Pick games that you can bet on that you know the probability of you winning is high like sports gambling. In there you can analyze games and the team you will bet on that makes you comfortable to bet on.

Being comfortable with a team does not signify a positive outcome. It might seem favorable outcome to you but it is may actually be not, again here luck comes into play. After all the analysis is done to predict that positive outcome - but that luck can make your tables turn. Not saying that it will happen everytime but it can happen. Wink

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Quote from: Ziskinberg on March 13, 2019, 12:23:26 AM

Quote from: biskitop on March 12, 2019, 07:55:24 PM

it has to do with our playing strategy, our mentality, our capital, but the most important thing is luck on the day we are gambling.

With our strategy and our luck, I guess we will never loss.

That is the reason we should not trust our luck.

We know how cruel gambling can be and we can't avoid it unless we make a strategy. If you can't stop yourself from gambling, at least do the games that will not require luck for you to win. Pick games that you can bet on that you know the probability of you winning is high like sports gambling. In there you can analyze games and the team you will bet on that makes you comfortable to bet on.

TheUltraElite

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Quote from: Ucy on March 21, 2019, 09:13:50 AM

Gambling needs to be well categorized. There are some that are skilled based and doesn't really qualify as gambling or game of chance. For example, what do you call two gamers (with one better than the other) betting on outcome of their game? I guess the outcome can be fairly predicted hence not qualify as game of chance.

That is also gambling. You are betting on the person who will win and there is a 50-50 chance regardless of the level of players or the skill involved by them. Its basically likes sports betting where one underdog faces the overlord. There will be a chance to maximize profits by betting on the underdog but they will rarely win here. Even then the pure chance is always 50-50 for both.

Your analysis is correct and you may profit from that but does that matter to the mathematical outcome of a completely random event? It does not. Secondary is that fact that the underdog will lose 90% of the time.

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Quote from: Dreamchaser21 on March 12, 2019, 06:58:38 PM

Quote from: swogerino on March 12, 2019, 05:05:50 AM

There is no predefinite way of gambling way or anything related to that which can be a sure way to make money in the long term.

The people who tell to themselves that they gamble for a living are only some delusional lunatics.

They believe into something that their strategies are working well to them not realizing the long term effect of that one. We may succeed on making profit but if you gamble many times you are sacrificing yourself until you becomes addict. The gamblers way should be in favor not just to yourself but also to others that you love.

Some people would just work hard to make money for the seek that they could just have to used in gambling which totally not right and I don't know how the think that. Probably they'll might be addicted into these. Of being an addict, it really affect our mental ability and also into our health. They can't decide what is wrong and what is right.

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Quote from: Ewinsane on February 23, 2019, 12:03:15 PM

Quote from: Wete on October 13, 2018, 10:01:07 AM

Basically all types of gambling depend on luck. Strategy is used to increase the chances of winning, I believe gambling cannot be separated from luck. I prefer to be a lucky person in gambling rather than being a gambling master but far from luck. Grin

There are people who win at gambling and they do not believe in LUCK. I think that it is more about numbers, probability and math. You are good at tracking the strategies of someone; you can make in mind a counter strategy which helps a lot.
It varies from person to person. Some people might achieve a mind state in which they perform extraordinarily for they free themselves of all the worldly thoughts and focus on that problem in that instance.

This is not far from the truth.
Gambling needs to be well categorized. There are some that are skilled based and doesn't really qualify as gambling or game of chance. For example, what do you call two gamers (with one better than the other) betting on outcome of their game? I guess the outcome can be fairly predicted hence not qualify as game of chance.

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Quote from: tabas on March 13, 2019, 11:25:07 PM

Dice sure is a game of luck so whatever strategies you may come up with, it's unlikely for you to decipher its pattern.

Every gamble is a game of luck not just dice. You play with your money you are depending on luck to play it for you. Try forex trading or options trading and not to mention the recently hyped margin trading on shitmex, there are people who are gambling their money there too. All these are different methods to play that 50-50 dice roll. Its going up or is it going down? Cheesy

Truely speaking, everything in life is a game of chance. You never know when your fate might smile and give you a big reward for your hard work. However sitting on your computer all day and gambling away your savings wont have a good effect because thats always going to be a donation for the house.

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Quote from: Bitcotalk on March 13, 2019, 12:16:56 AM

Quote from: tabas on February 23, 2019, 04:57:05 PM

Quote from: rodel caling on February 23, 2019, 04:42:03 AM

I don't believe the luck while playing gambling it' is all about skills and strategy with complete knowledge how to get win the bet. And yes correct from the opionion of the others harder to calculate mathematically the beat.

Majority of the gamblers believe in luck and you aren't. Okay, that's your opinion and it might not be changed but mostly believes that luck plays a big role for everyone's gambling activity. You may have the skills and strategy but we always want to have that kind of luck that will give us a better result as we gamble.

To be honest, I do not believe in Luck seeing the people going on crazy about the money they have made in Bitcoin. It is just clicking the opportunity in the right time and that is what people call luck. People say he is lucky because he made money in cryptocurrency but they do not look at the risk that was taken initially. So, gambling is a game of risk.

At times, you might win by accident which is not luck. The dice has to roll at a number and in case it is your number, which is a random output. Strategies do mater when it comes to gambling.

Dice sure is a game of luck so whatever strategies you may come up with, it's unlikely for you to decipher its pattern.

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

is gambling really about luck or can you beat the house using maths and probability?

I have been there and made that which proven it is true being able to use math and probabilistic data to achieve a greater good, in this case my profit was reached based on my experienced data throw out the past years since Bitcoin surged.

Of course i busted many times but i reached a certain path where i know when i can bet with a higher amount in certain ocasions.

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Quote from: onrise on March 13, 2019, 01:06:25 AM

Quote from: biskitop on March 12, 2019, 07:55:24 PM

it has to do with our playing strategy, our mentality, our capital, but the most important thing is luck on the day we are gambling.

Most important if a person is with discipline it will always be under his/her control like playing, losing, winning etc. Always have a calculated risk and would not indulge into too much excessive risks or greediness which could lead to huge losses.

I wish most gamblers will have this trait. DISCIPLINE and self control. If this happens, the number of gamblers who will lose in gambling will decrease significantly but sad to say, gamblers tend to become more greedy as they are winning and they will not stop until there is no money left in the pocket.

I think if you don't know how to control yourself when you are gambling, its better if you just not gamble anymore to prevent losing of money.

Johnzky

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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?

Nothing more but luck if you are playing computer generated games like dice,roulette and slots(ofcourse all online games are running thru computer

But if games like cards or mahjong or other ganes related to dealing with another individuals then strategy and luck both needed

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Quote from: Bitcotalk on March 13, 2019, 12:16:56 AM

~
At times, you might win by accident which is not luck. The dice has to roll at a number and in case it is your number, which is a random output.

But what is it then? Luck, by definition of oxforddictionaries, is

Quote from: Bitcotalk on March 13, 2019, 12:16:56 AM

Strategies do mater when it comes to gambling.

And I understand this even less than the previous quote. Wasn't it proved many times here that in luck-based games strategies don't matter? In short, any gambling strategy might work at some point, not due to its quality but rather by some lucky coincidence of circumstances. "Even a broken clock is right twice a day" as they say.

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Quote from: onrise on March 13, 2019, 01:06:25 AM

Quote from: biskitop on March 12, 2019, 07:55:24 PM

it has to do with our playing strategy, our mentality, our capital, but the most important thing is luck on the day we are gambling.

Most important if a person is with discipline it will always be under his/her control like playing, losing, winning etc. Always have a calculated risk and would not indulge into too much excessive risks or greediness which could lead to huge losses.

That's being smart in gambling, you calculate everything and then you make strategy on it.

Also, it's important that you will be able to properly employ your methods because without discipline, things are useless.
Everyone wants to win but as we desire to win, we should not forget the risk in gambling, knowing it will minimize the risk and we will
be more realistic with our approach towards our goal. We may fail with our goal to win but we can protect ourselves with unnecessary loses.

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Quote from: Ranly123 on March 13, 2019, 02:29:10 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?

I guess not. House has the edge over the gamblers in online casinos since they are the ones that created the site. It's about luck for us to win more than what we lose during gambling games but overall, it's the house that winning over all the gamblers who bet on their site.

With my years in gambling, it really boils down to luck. And if you're lucky that day, it's better to exit otherwise, those probability will catch up on you and you will lose in the end. Discipline and self control is the key in gambling if you really wanted to "always" win every time you play.

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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?

I guess not. House has the edge over the gamblers in online casinos since they are the ones that created the site. It's about luck for us to win more than what we lose during gambling games but overall, it's the house that winning over all the gamblers who bet on their site.

onrise

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Quote from: biskitop on March 12, 2019, 07:55:24 PM

it has to do with our playing strategy, our mentality, our capital, but the most important thing is luck on the day we are gambling.

Most important if a person is with discipline it will always be under his/her control like playing, losing, winning etc. Always have a calculated risk and would not indulge into too much excessive risks or greediness which could lead to huge losses.

imstillthebest

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Quote from: Dreamchaser21 on March 12, 2019, 06:58:38 PM

Quote from: swogerino on March 12, 2019, 05:05:50 AM

There is no predefinite way of gambling way or anything related to that which can be a sure way to make money in the long term.

The people who tell to themselves that they gamble for a living are only some delusional lunatics.

They believe into something that their strategies are working well to them not realizing the long term effect of that one. We may succeed on making profit but if you gamble many times you are sacrificing yourself until you becomes addict. The gamblers way should be in favor not just to yourself but also to others that you love.

Strategies do really work , i know because im always using a strategy everytime i do gamble . i did earn some good bucks and that result me to minimize playing a gambling because im afraid that my winning will become losses . when we gamble , we dont sacrifies anything not even cash because gambling is not a kind of offering . you choose that path , you play because you like it , not because you are force by someone else .

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Quote from: biskitop on March 12, 2019, 07:55:24 PM

it has to do with our playing strategy, our mentality, our capital, but the most important thing is luck on the day we are gambling.

With our strategy and our luck, I guess we will never loss.

However, we know that luck is not our friend all the time, sometimes we also have bad luck in gambling so we also loss.

It's normal that we loss and win because it's gambling, we are risking money just guessing but to be consistent you surely need to have a good strategy and that is possible if you are smart and discipline enough as a gambler.

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Quote from: tabas on February 23, 2019, 04:57:05 PM

Quote from: rodel caling on February 23, 2019, 04:42:03 AM

I don't believe the luck while playing gambling it' is all about skills and strategy with complete knowledge how to get win the bet. And yes correct from the opionion of the others harder to calculate mathematically the beat.

Majority of the gamblers believe in luck and you aren't. Okay, that's your opinion and it might not be changed but mostly believes that luck plays a big role for everyone's gambling activity. You may have the skills and strategy but we always want to have that kind of luck that will give us a better result as we gamble.

To be honest, I do not believe in Luck seeing the people going on crazy about the money they have made in Bitcoin. It is just clicking the opportunity in the right time and that is what people call luck. People say he is lucky because he made money in cryptocurrency but they do not look at the risk that was taken initially. So, gambling is a game of risk.

At times, you might win by accident which is not luck. The dice has to roll at a number and in case it is your number, which is a random output. Strategies do mater when it comes to gambling.

Topic: The Gambler's way - page 2. (Read 18668 times)