Bitcoin Forum

Introduction

In continuation of my last thread on the Gambler's Fallacy (https://bitcointalk.org/index.php?topic=5166869.0) I am writing this thread to explain more specifically why "strategic" methods don't work. We've all heard of and seen these methods float around forums for years, let's end that. Let people have fun, and don't trick them into thinking they have better odds using a "method".

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Definition

The principle of the impossibility of a gambling system is a concept in probability. It states that in a random sequence, the methodical selection of subsequences does not change the probability of specific elements.

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A Simple Example

A sequence of fair coin tosses produces equal and independent 50/50 chances for heads and tails.

Let's take a series of coin flips (h = heads, t = tails, x = next flip):

     {A}: H T H H H T X

     {B}: T T T T T T X

Given series {A} and series {B} (assuming a fair coin), the odds that "X" becomes a "T" (or tails) is 50%.

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Why

As a mathematical consequence of computability theory, more complicated betting strategies (such as a martingale) also cannot alter the odds in the long run.

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What is considered a "method"

A simple system of betting on heads every 3rd, 7th, or 21st toss, etc., does not change the odds of winning in the long run. This includes all popular methods like martingale, etc. (Remember we are talking about things like dice rolls and coin tosses here, in contrast to something like poker which requires some level of skill)

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In conclusion

Just gamble how you want to, don't feel bad because you aren't missing out on anything. Often times, methods can end up taking more of your money because of the house edge. Even though a lot of people seem to understand that methods don't change your odds, I've still seen plenty of others who believe they work. Please never buy methods, I've seen it happen too many times.

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Further reading:

Wikipedia Page (https://en.wikipedia.org/wiki/Impossibility_of_a_gambling_system) | In-depth Thesis (https://eprints.illc.uva.nl/id/document/2275)

Actually had tried to make use of martingale with roulette which only bets with one color then increases 100% if bets lost. I thought making money is easier with martingale with roulette than dice but when theres a color train it did bust up all of my balance.Majority knows that theres no magic or exploiting gambling sites and make money but this is an impossible thing.

And that is why martingale is not really effective, as the longer you play with this system the odds grow overtime. If you employ strategy and have successes in the beginning, before get out and exit while you can and don't feel confident that you have caught the 'holy grail' of strategies. Control is the key is you wanted to win using martingale (or any variations of it).

The martingale is probably one of the most known and most popular betting methods of all time.

Just for a simple example of the outcomes of using martingale:

Lets say you have 100$ (for simplicity), only doubling 100% on a loss (50 / 50 coin-flip), doing this until you hit 200$ or bust.

You would have a 50% chance of doubling your money (+100$) and 50% chance of losing everything (-100$). This gets a lot worse when you start to look at house edge, hence the house always wins phrase.

Well, martingale strategy is usually riskier although it is well known. I had been here in gambling discussion for almost a year looking and searching strategies and ideas but it seems all thought I had found that every house edge of gambling platform never been defeat and can't apply the same method and I think they have different script. Indeed, the fact is gambling is for fun and you can never chase money on it if you are regular gamblers and luck is on you much better.

Marginale system is well known because it is very simple and straightforward. But mathematically it has no sense, if probability to win is 50%. So I agree, don't be mad, play for the entertainment, have fun.

There's no "gambling system",when it comes to dice sites and flipping coins.Everything is just pure luck.
The only gambling game,where you can apply systems and strategies is poker and even in poker,the amount of luck needed for success is still significant.

There is no working strategy in gambling that is why people creating many strategies and saying that it will work and it might worked.

but this is nothing more than luck if the strategies we are using working for us and only for very short time.

If a specific method works or will work in gambling then no casino or website will be established. It purely depends on your luck to win or not. Even mathematicians can't or even tried to beat a gambling system.

Gambling systems never work in the long run and everyone are aware of that, but this in no way means that they are useless. They help in gaining profits in the short term if luck sides with you.

They also help in managing your bankroll more effectively. Among these methods, my favorite is the Oscar's grind since it helps my bankroll last longer.

if there is no working strategy then why whats the point of creating many strategies ? whats bad is that they claim that its working and there are some that sells thier strategy  .  there are also strategies that became popular but why did they became so popular if they arent  working  ?  the truth is that they work but they dont have the magic to give you win streaks   . they only work a little and the rest will depend on you on how you manage your self  .

Sometimes these people that are saying that they can beat the game with certain methods they just want to boast about it because they got so much lucky in using such method but in reality, it is just a coincidence they are winning I using them, And some just want people to buy their method or want to scam other people that they can play for them in a method that they learned, But this is just fraud because there is no such method to really beat the house edge I experience it first hand I have tried every method and sometimes made my own pattern in playing the game and nothing just wok out for me.

I am winning more bets when I'm playing without rules or methods than playing, I play using my hunch and enjoying everybet and I did not notice that my winnings are adding up it happens several times, I believe it's more fun and sometimes if you just have some fun and play with your hunch.

They say math is absolute. Indeed it is. And when we talk of dice rolls and coin tosses, the math will tell you that there is not a single strategy that can be developed out of it as regards the outcome. This is pure gambling. You cannot use anything or summon no one but luck.

But perhaps you can count on betting on the inside after 10 successive rolls with an outside outcome. That is one "method" I am using. But then again you could end up rolling 10 more times and it is always outside that comes out. If that happens, you just have to get out and accept that luck is not on your side. 

The reason why methods don't work is because you are out of luck. Most of the gambling is based on luck and one needs a very good luck to earn a fortune in gambling.
There are some strategies such as the methods but even that requires luck since many people lose their money despite applying the strategies.

I agree with op that there is no any gambling strategies that really works and we do need strong understanding of this fact in other not to continue thinking that we are going to hit it big through one secret that only us know and others did not know. The martingale strategy you mentioned did not work and it makes me lose huge amount of money about three weeks ago when I tried to test it for the first time. I conclude within myself that there is no secret that works but only luck that may makes you to win in gambling and that means gambling is for fun and not hit big.

Yea that's what's so crazy about it, even when you "know" methods don't work, you can still sometimes convince yourself that it does. I still have a lot of trouble understanding exactly how the math works, just because the sheer scale. Statistics is such a fascinating subject, especially when gambling is involved.

You went through so much thinking and trouble when it all boils down to a simple fact: If there was a method to have a sure win (at least on average) it'd be seen as a flaw and immediately patched up by the operator.
I can't deny the possibility that some loopholes could appear in new games that were not tested before, but the games are usually too simple mathematically to have any overlooked flaw.

It's a given fact and proven that no method works, you can win once but you cannot win every time, so why not just allocate funds relax and play the game, without forcing yourself to win in every bet, you'll not only going to enjoy it but you will have confidence in your ability to stop when it's time to stop.

I stopped applying methods or anything that can give me a so-called winning edge because honestly, it will not come, you will just go and chase your losses, you will just keep adding more funds to your bet in the hope that you can regain what you have lost, but unfortunately that's not going to work, so instead of having fun you will end up dissatisfied.

There are some types of gambling that are fairly predictable.
I am not grounded in the things of gambling but I would categorize it in two based on my little understanding:  

1. Probability based gambling.
There is no known way, strategy or method of predicting probability based gambling. This is based on luck.

2.  Skill based gambling .
While the skill-based gamblings have important factors that make them fairly predictable. Ability to predict this type of gambling can improve with time.

Totally agree. If a mathematician or genius already created the solution to beat the house, I would say more gamblers are getting rich. Yet, the number is still the same. Very few has their luck in this system. Martingale might work but it doesn't work all the time. Luck is still the major player here.

Same here. We learn as we go. When I heard of martingale and other strategies I couldn't keep on playing like normal without trying them out. I saw people saying that they don't work but i was like that child that has to touch and get burned to learn. I did just that and now I know what not to do :D

Sometimes you regain the loss and sometimes you don't. There are stories of people who lost everything went to the bank and back to the casino and won it all back. It's never only black or white in gambling and in life.

Methods are not 100% won't work because no one else will be able to have a chance in beating the house edge of a gambling system even if your chance of winning or losing to that game is 50/50 but still it is not possible to do it. Gambling is really base on pure luck whether your a lucky winner or a loser.

Yeah, it is big impossible to take down the house and win over them cause that is something how it made. For out of 10 persons, it probably 1 only win and the others will lose. How's is that fair? Of course not but that is gambling and even we complain about not winning all the time we gamble ain't no sense at all. We don't have luck but the other will.

if we talk about gambling in the dice I agree with that. because dice is pure of luck. different from poker which is combined with the mental and mind of the players which are still balanced by theory and logic and all possibilities. but each game has its own advantages and disadvantages. I myself prefer to make gambling only for entertaining games not to be serious about doubling the main money.

In this kind of games, "methods" don't usually work, and won't give you an assurance that you'll win. Since it's a pure luck, and I guess you can include your gut feelings or intuition. We don't have to overthink when it comes to playing like this, like computing and doing math. Just trust your gut feeling, i guess.

A better way to define skill based games is basically the ability to rely on your skill heavily and luck is involved in a small way. Skill based games like Poker etc are great for experienced players only.

Newbies tend to get wiped out easily in these games. I personally prefer sports betting over luck based gambling since you get favorable results more often.

Simplified answer would be: you can't beat the house edge because it's based on maths, circumventing mathematical probabilities is just something humans like to think that they can do.

I read a thread today that a man won the lottery 12 times and he did so by creating an algorithm and he managed to do it so the system can be beaten but it take a genius to do it.Almost all normal gamblers who know nothing of algorithms they just play their way and although many of them say they know the secret they don't.I agree that everyone should play the way they feel more comfortable playing.Gambling should not be stressful otherwise addiction is right behind the door.

If there was a method that worked to beat the house edge there would be or there are already rules that would make the method illegal.
All these games are well thought out and developed by a team of intelligent individuals who have already considered all methods to beat the odds before the games were released.

sIt is very important to understand the presence of probability in gambling. You just cannot have a strategy or formula to win all the games you participate in. It is nothing theoretical but up to a great extent practical and I think even the rick people in the industry would accept it to be challenging. Having good exposure to a particular game can give you an edge however.

There's no actual 50/50 chances. The chances are always below 50 as there's always a house edge involved.
Wining as an individual is not an impossible task as it totally depends on the luck. But our instinct won't make us just withdraw our wining and leave gambling. A person who has won would again come back to gamble until he lose all his winnings.

Just come to think literally if there were methods do exist then there would be no gambling sites on the first place yet these things will just bankrupt their business.

Its a total BS for people to think of this possibility yet it isn't possible on the first place but there were fools who do push up beyond on what they are trying to believe on.

Yea this is the "logical" way to think about it. Same as the "too good to be true" mentality. If there was any "easy money", why would anyone work a job? I think it helps to look at it in a different way though, because sometimes people assume that they can "beat" the system, while others can't.

This is true in some scenarios for example, poker, where a lot of people just through away money, while others study and take calculated risks. Poker is a game that applies some skill though, unlike a truly random thing like dice.

Maybe there is a method which can work to defeat the system, but I don't think that every gambler can do that because that will require genius skills. We can only play gambling without having a big chance to win the games, but for sure, we only lose the money at all time. But I am sure that there is a person who can win the game with his luck and that happens only for a few people.

Well "genius" skills don't really matter either. There is no skill in a pure game of chance. So unless you are a guy who can exploit a website in order to figure out the hash algorithms, you aren't going to be able to do anything.

You are right though, some people are lucky, but luck only lasts for so long.

It is impossible to win with that strategy as well, casinos know of martingale and as such they put table limits, so at some point you are going to lose more money than what you can bet in a single spin of the roulette, also I do not understand why martingale is so attractive to people since you end up betting huge amounts of money just to recover your initial bet, I know that it gives the illusion that you cannot lose, but it is just that an illusion, and when you finally lose you lose all your capital.

So, if you don't get the methods work because of luck it is not about methods...
With your point you indicate that you don't need any method to win in gambling you just have to be lucky, which is a statement that I totally agree. No one can implement any specific strategy/method to win money from gambling.

Here we go again! :) So, is there a possibility that someone can invent a "winning method" or there is no such possibility? I think it is the latter because no genius can hack math. Read carefully the famous story how MIT students won $8 million in the Massachusetts Lottery, and you'll see that it happened because of the mistake of the organizers, not because of some miraculous(or genius) algorithm. The "mistake" was actually an intentional one, but that's another story. If you haven't read it, it's worth reading.

In short, even if someone had won 12 times in a lottery, he was just lucky and that's it. Don't buy his method, you will not increase your chances of winning by doing so. Don't buy any "winning methods" because they are no better than those you can invent by yourself.

Yea I think people often forget that most of those stories involved some sort of "exploit". They confuse "exploit" and "method" for some reason. I guess some don't realize the difference between the two.

Its a different story because there were type of gambling that can really be studied out and make advantage among other players like Poker.

It can be experienced and learn making yourself to good compared to others yet you know on what you are doing but talking about typical gambling games specially
luck based ones then theres no such thing on beating up the system.

Op has briefed well about the impossibility on gambling as well has given descriptions with examples. This way more important thing with gambling seems to be the luck compared to the strategies applied. Whatever the strategies applied, we're to move alongside of luck and no strategy gives assured winning probability. This way house always has its edge unlike the strategy.

The issue is people almost always gamble to make a profit, those that already have the warped bias that they are likely to strike it big and defy the odds also typically lack the logic necessary to understand that there are no systems that can beat the house edge over the long run.

Play for the fun of it, or don't play at all. Odds are you won't be the exception.

Gambling is gambling. it is impossible for someone to change a destiny in the future except that the game depends on skill. it's totally different from gambling, which relies entirely on luck. if I myself consider gambling the game of mental fighting and guts. and brought with fun not to gettin stress. which I believe there is no method for getting rich through gambling. unless you are the one who runs the gambling business itself.

Same here. I believe that sports betting is one of the forms of gambling that you can get high chance of winning if you know that particular sport.
Other forms of gambling are based merely on the player's luck. There might be strategies yet luck has the major role in gambling.
This is the reason why online casinos have house edge, and can generate a hefty income from those gamblers.

Well, there is the off-chance that so-called randomly generated results aren't as random as they first appear.

Plenty of people claim to be able to reverse engineer the results-generation algorithm, however, the vast majority are lying scumbags.

They are "random" but the only way you could possibly circumvent the system that current gambling websites use is to crack the hashing algorithm. Usually any big gambling website has a "provably fair" system in which you can verify the results of the dice roll. However, after a lot of these hashing algorithms got cracked, they made them a lot stronger. Basically the good days are over for hash cracking, as people got smart and started using somewhat secure hashing algorithms and not default ones.

Most time that I gamble, I do not go with the mindset of having a strategy to win the game, I just pray to my God and the gamble with the mindset of playing with luck. Gambling is a game of luck and only God can allow it to shine on you, I am sure many people will be wondering if God is with a gambler, I will say yes and no, everything we see on earth was created by GOD, and who created luck, is it not GOD, so he can decide to look at my motive of gambling and then allow the luck to shine on me.

Where luck does not work that much, are people that gamble out of stupidity, let’s say these millionaires that says they gamble for fun, I see it’s stupidity because that money he has gone to waste in that gambling site could have as well been used for a motherless children, but I gamble because I think I could make more money for my family upkeep. The only gambling games I usually see strategy work is card game, the odd of winning is there.

Genius skills doesn't really matter when we talked about gambling especially the dice gambling platform's which the possibility of a gambler winning the games against the house is very minimal, but that of poker gambling platform's has some skills that can actually guaranteed a player a win if adhere to that rules of the games, so, OP will work on dice but for poker it is possible to win consecutively.

Every play gamble, i always think our chance is reseted after 1 gameplay. I mean every action that we take actually have same chance and not means if we play several times, our chance will be higher to win in a gambling game for example like dice.

True, there is no strategy that will give us a steady profits if we use it continuously. Indeed, strategy can work sometimes, but it won't last long. That's why we need to manage our balance and have to know when to end our gambling session or otherwise, we will lose more and more. Let's make simple logic. If there is a strategy to give us a steady profit in gambling, will there still be a casino?

It's not the most, but rather all of them. If a "winning method" existed, no gambling platforms would survive. People tend to believe that there is a secret method only a few are aware of, and that those few are the same players who have become millionaires because of gambling. But this is just not the case. Indeed there are people who win millions through gambling, but they are neither geniuses nor hard working researchers, and, in fact, absolutely anyone can be in their place.

  it is surely good to keep your money in your hands, when you start gambling make sure that you have whole command over the game you are betting or gambling. It is much better to invest your miner amount so later on you can increase your amount but no one could give you 100 percent surety to win that’s why better keep learning and choose good strategy.

You are right . No strategy can give us continue winning and if such strategies exist it will be manipulation! The gambling system is not designed for continuous winning and because of this you should prepare you mind for sometime things flow in your favor and sometimes it will not flow in your favor! If we can have this conclusion in our mind then we would no that no strategy work for continuous winning.

Gamblers had used all sorts of strategies to have an edge of winning many games I can only say its a pure luck thus there is never any working strategy or holy grail however what baffles is the proliferation of gambling sites, casinos on the internet that really shows that more gamblers are getting more interest in gambling of course the possibility of some gamblers earning good profits is certain while a lot of losers will also emerges while some might gamble for fun not minding winning or losing.

LOL you are giving mathematics class for we people to win on gambling field.

Do you have any strategy on winning sports bets? I really to bet for football and tennis matches. If there is strategy it will be happy for me ;)

Mathematical approach for determining the odds to win doesn't work in sportsbet as your luck depends on the skills of your chosen team/player. This kind of betting is something that you don't need to defeat the house edge but rather believe on your chosen bet.

That's the way how it's played in sports gambling, it's difference from luck based type of games.
Sports gambling is more exciting IMO due to the fact that we can analyze the game we like to bet and we can also see them live, when it comes to transparency, it is more transparent compared to other type of games.

I strongly agree with this, it could just take more money from you because you have this mindset in mind that you must follow the method in order to win, so you are ignoring the loses that you are making in every rolls that you are making because you "know" that eventually you'll win if you'll follow the "method" you have in mind as your strategy to "win", but sadly you are not.

and with that, you are going to be more frustrated because it didn't work in the way you wanted it, therefore forget about this "method" and just simply enjoy every roll and trust your self-luck, or you don't have to try gambling in the first place if you are afraid losing your money.

I'm not against those who are making and selling scripts but instead of buying scripts which has the same fate at the end as no script. Just used the money/coin and add it into your bankroll. You'll just end up blaming the seller ans site because of your high expectation claimed by the seller that adds your winning percentage.

the reason why they sell scripts is that they claims that its working and you can win the game but i dont think its safe or legal  . you can be ban if ever the system detects you  .

yes thats the best thing that they can do rather than expecting something that is impossibe to happen  . plus if those scripts are really working then why the seller sells them ? they should be rich now and they arent wasting thier time selling  .

A strategy that cannot give a consistent profit can never be termed as a working strategy. Let’s simply put that there is no working strategy in gambling. Not at all. And frankly speaking, if there was, I believe gambling sites would all be down by now. The way this people make money is by having more losers on their sites. When you are lucky to make profit in gambling, don’t be greedy, just withdraw the money and plan to play another day.

I normally set limit to playing and this has been super helpful. I have discovered that once you exceed your limit and not replay, whether you lose or win, the next play becomes more favorable. Gambling is interesting and players have to be extraordinarily smart to succeed in the game.

People should be able to freely buy and sell whatever they want but the sellers of scripts often deceive customers and make them sound better than they really are.  If the scripts were so profitable in the first place the creator would just use it instead of putting it on the market.

Making a strategy on gambling games is good, especially if you have the plan to make a limit of using the money, so you don't be too sad if you are losing money. But we know that getting a win in the gambling will be difficult because we depend on the luck and that is not possible to get the luck comes to you many times. And if you want to beat the house, you will not have a big chance to do that as the house will win in the end.

Basically you can't get strategy that can make youbwin the odds on sportbet because football betting or sport depends on the team straight and not base on any strategy. Most of my bet on soccer are base on my trust on the team that I want to bet on. For tennis, am not a fans but, if I want to choose I will chose the good player over the other irrespective of the odds.

I think this is indeed a wise question really, let's take football betting for example, if there is a strategy to always decide which team would come out victorious, how then would the betting companies/casinos survive as well as make profits.
Gambling was never meant to have any winning strategy, or else it wouldn't make any sense then, for me luck plays so much of a part in it, I see no reason to pay for scripts.

Most newcomers in gambling does not understand this concept that strategies will not work in gambling. We have youtube  and many other channels which shows many strategies on how to win in gambling but I am afraid that none of those strategies will grantee you any win. If anyone finds a permanent way of winning in gambling, would that would mean that casino will lose all their money and become bankrupt  ???

Personally I find those guys who buy these kind of scripts fool if they buy it thinking that they have got a money making script. Scripts are to automate things it just that over a small session a script might give you good result but in long run it never works.

What's the point of blaming the seller afterwards since you lost because of your own foolishness.

I think the idea is to gamble for fun and never thinking of making profit since strategies to breaking the odds never exist. There is no business without a winning strategy and I see no reason why gambling should be an exception if it should be termed a profession. This is really saddening and heart breaking

I made up my mind to stop hoping I would have a breakthrough in gambling after I realized that I have spent over 7BTCs in gambling and yet not been able to make profit of up to 4BTCs. That’s absurd and I really think that these gambling operators are out to rip us off. I am confused at the moment. Should I continue playing for fun while I keep losing or focus on making profit, while I am hopeful for the future or just quit gambling completely? Honestly it is really confusing at the moment.

There are so many gamblers around me and I know that when I have the opportunity to chat with all of them they give tactical advice for no reason. In particular, I would like to point out that there is no exact tactic to win, but by chance there is a tactic that contributes to your earning. There is a fact (never forget this fact) that no one will really share with you if they discover a tactic that wins. Man is selfish by nature and always wins a safe in gambling. Therefore, it should be known that a person who discovers a really good method of winnings will never share this method, and there is never a tactic that guarantees a definite win in gambling.

Yea, I find in unfortunate that so many people think this way, because others legitimately believe them. Sometimes it ends up costing people lots of money because they don't realize that they are being tricked. They are kind of stupid, but at least they are not an asshole like the guy selling them the method is. Usually the guys who try to sell this shit are just gambling their earnings away anyway, so I guess it works out...  ;D

Yikes. Yea a lot of gamblers don't really know (or even want to know) how much they spent overall. I guess they just like to ignore the fact that they've lost a lot of money, because hey: they could win it all back right? Just gotta bet a few hundred more dollars and I'll be in the positive again!

You can demonstrate in 100 different ways why such methods will never work and those that want to believe there is a way to make money in gambling will not believe you and will always try to refute your claims with their weak arguments, at the end there is nothing you can do to save them, if they do not lose their money using flawed methods in gambling then they will invest in a ponzi scheme or they will invest in a fraudulent ico and lose their money that way.

All those "methods" and "strategies" are just gamblers fallacy. Indeed they may help you reduce your loss in the short run, but the results are always the same in the long run. The house will always win no matter what strategy you apply. There is no way you can break the system of gambling unless there is some sort of bug or miscalculation in the casino that can be abused for your advantage. So just fuck all those strategies and just play however you want. If you get lucky you win or else you lose.

Yeah great advise and strategy mate self control and self discipline is the key to get win and avoid loses because greedy is the way to get more loses. Enjoy to play the games for just for fun.

If you have the control using your strategies then that’s a good self-discipline but you must not stop from there because you still need to know what kind of target will you aim for your next playing time. Its fun to gamble but use the money you afford to lose after all.

There's no such thing as a method to make you win either online casino or the traditional ones because if there is, there will be a lot of millionaires walking around. Those who say there is a method to win, I would say this person is just lucky that it made him rich and not all methods will work to any person. It might have work to you, because it fits your gambling style, but it might not work for me or the others.

if you think about it again even though the method meant in gambling may be in terms of the number of bets and odds and games. because for the exact method of winning itself there really isn't. but the method for obtaining the definite profit I believe is exist like a double bet with a small value when the first bet loses. it still includes betting methods. but it all depends on the wishes and beliefs of each. for someone who wants to get something ''sure'' gambling is not an option. because basically whatever method the concept is still gambling.

I'd rather discover the method that I'll use for gambling rather buying it because there's no guarantee as well that those scripts or methods can win you anything. Totally buying those method are not helping you to discover the best strategy you can get, I'd rather play out my luck too instead of those methods.

I agree with that because if we can find the method by ourselves, we can get the chance to win although we still depend on our luck. But at least, we have tried so many methods we have to find the best method that will help us. If we decide to buy, there is no guarantee for us if the method can work well for us and will help us to win. So it is better to find the method by using one by one of the methods.

that's it, it could some basis to formulate our own strategies but not in a way that we are relying on the others rather than to have our own understanding.
It is important to trust our self and stand what we think is right and could give better returns.
Of course, it won't work at the first try and that is what we have to work for in order to succeed.

It was the same with the man winning the lottety,systems created by people can be hacked by other people and that is a known fact.We have Patch Tuesday from Microsoft for a reason because their system isn't perfect.
So I think that we need 2 factors rather than one which are 1 the system to have been invented from people 2 a genius from other people to beat it.I also know this happens only 0.000001% of the cases.

Enough tools and code examples to make your own betting bot, Seuntje as example. Buying a 'winning' algo isnt worth it.
Take a system that you are fine with as base and customize that to your needs is the way to go.

This is not the reality mate I think a gambler would do the same thing if once he lose something in gambling mistakes are our teacher if we will avoid mistakes it will improve our profit but making mistakes and learning from it is best strategy. For me the only gambling method which works is to learn as much as you can and gather knowledge.

There's no assurance that after buying you'll be able to materialized using the methods, it's far better to  try out your luck and discover on your own if you'll find a winning combinations and give you some good profits while gambling inside the house, there's no concrete methods or sure strategy it's mostly depends from your luck.

I really wonder if anytime a method be developed which can beat the houses. I have seen and came to known so many strategies but none is 100% secure and make us win against the house.
If ever strategies are developed which will beat the houses, then many casino will come to an end as they will lose all their money but i doubt it may happen.

What kind of stupid fun is that? Is it free to gamble for fun? If so, then the game should be made without stakes and no money involved to play. Gambling operators are busy buying luxury cars , and making so much from us and I really feel hurt at the moment.

I advise you take a break, not to quit completely but just a break. This is exactly what I also intend doing soon after looking back at all that have been lost to gambling. We can’t give up or lose hope, it’s just to re-strategize. I believe there is still a strategy, no matter what people think or say because like u stated, there’s no business that strategy does not work for. And if truly none works for gambling, that means the game is just for very rich people that want to play for entertainment

Gambling is builded apply that the chances of winning is always very low in every gambling system that is the only reason everyone going and losing it in most of the time but otherwise gambling is a fun filled game system so we need to use it as entertainment only.

That it looks like and we can't neglect such thing to happen.
OP never realize it, only he wants for all be in winning but it won't and losing is not a thing to worried most, instead consider this as a thing we need to do something to make it right in the future. But it is said that they'll take it seriously instead of moving on and forget those days.

The reason that money is involved in gambling makes most gamblers addicted to it. They tend to chase big profit not realizing they just wager more money before they win. Even if they win, they get greedy and bet more. In the end they got nothing from their gambling habit but only regret.

Honestly, there is no amount of conviction or demonstration that can change a mind that is made up on using strategies. I was once in this shoe and I can relate perfectly. I remember how I always argued with everyone that there is always a strategy that would work, kept on trying till I realized I was already indebted. It took me months to recover all that was lost and I learnt the hard way.

There’s no point explaining to gamblers. Let those who believe martingale or every other strategy works give it a trial, they would learn like I did and come back to teach others. It’s very simple, play games for fun and stop believing that gambling can make you rich suddenly. It has and never works that way.

I feel you have already closed your heart to believing that there are winning strategies in gambling, but truly there are and I have seen people who are still willing to teach. Man’s stingy nature does not apply to gambling game. The world of gambling is big and one winning does not really affect another, this is the reason most gamblers do not hide their knowledge.

I have seen gamblers who have broken the odd by using strategies. The only reason I have not learnt this is because I do not find it necessary because I only gamble for entertainment but if this was a source of income, I would have definitely learnt it rather than losing and believing the odd have been set to be in favor of the site.

I'd rather agree with you, most people are like that and we can do nothing about it. However, some people do want to learn from the mistakes of others in order to skip the "inventing a bicycle", and move on. Imo such people are those who make history, or at least follow the progress instead of just repeating the mistakes from the past. That's why such topics as the OP are important, they are aimed at mostly young people who want to learn from the mistakes of the past and move forward.

It is sad to know that gambling system is build in a way that no one can beat the system. The root word gamble as we all know and should know that it means you will play a game of chance for money or to take a risk in losing something for a chance to win more than what you are willing to lose or the same amount that you have (if you are lucky).

How did you recover all that was lost if I may ask? From gambling or your other jobs?

There is definitely no known strategy for probability based gambling. But most skill based gamblings have some strategies

You will never be able to solve which coins will fall head or tail even though you use even complicated calculations, because the
algorithm will always change and there is no definite formula to solve it, thats why gambling is said to almost use luck to win.

Luckbase gambling is really difficult to calculate and there's no accurate formulas to use in order to anticipate possible outcome of the game, you are always in the middle choosing between win or lose, if there's something that can exactly formulate the combinations and possible to lead you to correctly guess the incoming results for sure we won't see any existing casino anymore.

Big part of gamblers losing results is when they've start to engaged too much and become greedy, many gamblers ends up losing everything instead of getting some profits, they've tend to try deeper while the house keeps on teasing them to continue and lose everything after.

 It is nothing but only money that works as a motivation for the people who want to make quick money. This is the reason of the huge net worth of the gambling industry. 530 billion dollars is a big thing and this money is lost in the gambling industry be people and is won by others. The reason why people fail to win at gambling is the absence of experience and wise decisions as well as strategies.

Because I think the reason gambling has been created is just for entertainment and the win money is just a bonus for the player. But soon, people realize that gambling can be a way to make money, especially if they can master some game which is not based on the luck only. They will learn so many strategies to win, and they will learn by spending their time to practice more and more. But in the end, they still get lost in the gambling game.

I bet they know the secret how to lose a lot of money.  If anyone tell us something like that, we should not take them seriously.  Even the famous martingale will never guarantee us a 100% win.  No matter what approach we made on it.  The impossibility of gambling system depends on the probability attached to it.  And worsed, the house always have an edge that makes the chance of winning slim.



Gambling is created for business and for t he owner to get profit but of course to entice their  customer, winnings is attached to it and entertainment is just a bonus of it. 

Gambler addicts don't realize that reality. They only think the jackpot if ever they win. They don't even realize they just lose plenty of money before they can win. Gambling's main purpose is to entertain people but because money is involved makes many addicted to it.

No, gambling addict totally understand that gambling is a game of chance and the possible of winning is usually from 1%-10% but the main problem is they don't have the  ability to control the game buzz once it take over them while their focus is on the jackpot.

Addiction to something that makes you lose money is bad and that is why many gambling addict are classified as bad habits. If you are winning and you are addicted, many will see it as a good habit but the opposite is always the case because of greed and selfishness. I agree that gambling is for fun as many has promoted it here and it has to be seeing like that if you most not be addicted to it especially if you lose often!

I think that a gambler must first of all be aware of the fact that gambling is designed for owners to receive income, and not to reward gambling people with a jackpot or simple winnings.

At least you learned your lesson, I have seen people losing everything they have still claim there is a way to make money in gambling, I suppose this happens because they want to believe they can still recover all the money they have lost and make profits someday, and unfortunately I see this kind of thinking as well in the world of trading and investing, it seems people are obsessed with high risk ideas that could yield huge profits in a short amount of time but we know those ideas never work

That’s truth and people who has more anticipation on gambling games should understand these things. When there is heavy loss that time only we can see their emotion comes out.

Due to this addiction I heard that many people lose their funds those people must understand that it is a entertainment factor alone.

Yes in gambling most of the time only luck I people wins but those who rely only on luck will get more at the end but a gambler should have guts to control his emotions.  Gamblers will have to control their feelings never give up but keep learning gambling has allot of profit

Because of the money a lots of gamblers became addicted to this activities thinking that it's much easier and quicker if they've got some luck
but in most cases there's a lots of addicted gamblers who keeps on losing their money playing and not realizing that its just a simple way
to lose everything when addictions gets to serious.

I know that it's all completely random with dice and roulette. No skills go into it unlike in card-based games. If I'm playing these pure luck games the only thing I'd be trying to do is "delay" the time before I lose all my money.

Basically prolonging the time I'm playing rather than trying to earn. It's all for fun. Any one believing they can "beat" these games are just going to be disappointed.

Some were trying to beat the system but in reality, they will never beat the system because the system is designed to beat them. Even if they do have the highest bankroll they will never gonna beat it. Luck-based games aren't that easy to win even if you use the martingale strategy, the odds is always on the house.

What you were doing is just for fun because you were trying to prolong the play which is what i am doing sometimes if i feel that i wasn't that lucky that day. It's like passing the bad luck to someone and starts to play again, somehow it's quite effective to let the time pass but most of the time i always end up losing it all since i always lose my tempered.

Meh. it's basically both fella, a simple way to earn and lose money,... it is indeed like that as for this game is just based on luck, depends on every situation I guess? ??? Not all the time someone can have that, so you can tell that this is just a pure waste of money. After all, most of the time gamblers does lose instead of winning, the owners of these companies are just enjoying the view from above. Even if someone can get a new methods, the owners are capable of contradicting that, in a way easier than finding a new winning system.

As they say, there's only one true winner in the game - the house.

I think it's a bad idea to gamble if you are not in a good mood to begin with. We've already established the house edge and the randomness, so more often than not, you're going to lose money. And that would make you pissed off more.

Oh so you are also in support of the notion of the house being the only winner in gambling? I have heard this a countless time and I am against this ideology. This is an assumption that has been drawn by a group of greedy and undisciplined gamblers. This house stuff is 50/50 from my observation, a player that plays with caution wills most likely win at all times.

I have won a lot of times, even sometimes I win games that I conclude in my heart that it would be impossible and I cannot even remember any kind of strategy. All I do is to have a very good knowledge of my games, then proceed and be optimistic while I put in my best. This is as easy as ABC and luckily I always win.

You are ignoring the probabilities of the game, in any given day there are bound to be many gamblers that win but the house does not care since the majority of gamblers lost money during that particular day so the casino earned money, in fact if no gamblers won at the casino from time to time casinos will go out of business since there will not be so many people arguing that you can make money in their games, but in the long run unless you are playing a game that could generate a positive expectancy like poker you are bound to lose everything you have.

In any case, a gambler must possess not only certain knowledge, but also have a good mood at the time of the game.  You can never approach the excitement and play with a negative mood.  In addition, the gambler must fully study the gambling in order to have real opportunities to get some percentage of confidence in his victory.

Card base games also rely on luck.  One cannot bluff an opponent who really have a good set of cards in his hands.  For example, you cannot bluff an opponent in blackjack that have an ace and a king in hand into folding his cards.  Though skill may play a role in this game but at the end, it is the luck of having a good set of cards that play most.



There are people who beat the game, these player are those who quit once they hit a jackpot.

Gambling should be for entertainment and fun! If you desire to used as an investment platform then you should be ready to face the risk in it because the probability of losing all your investments will hold. There was a day that I was playing dice with my friends and at the end we began to laught over it because of the way the whole thing was turning out and I was happy doing so. Gambling is fund when the funds you put in is not much.

Of course, it is a bad idea to gamble that's why i stop it immediately if i don't feel the good vibes coming when gambling. Although i tried it sometimes to control my emotion when things aren't doing well as i've expected. Then i stop for a moment while thinking how i lose on a game like that then get back to play again.

My kind of gambling cycle is kind of boring if someone looks at it but i find my peace on it when everytime i lose my self-control.

I really don't know why the hell people are always saying investments in gambling even if they're not in partnership with the house. Pretty seems like they don't know the difference at all, and much more is that they've been expecting something in return with some assurance.

Not at all, even if you are on a good mood or bad it doesn't really affect winning probability unless if you do play with strategy based games then this one is mainly affected but for pure luck based ones then it doesn't really matter though.

The sole purpose why we do play gambling is too seek out fun and entertainment.If you do play to ease your stress or anger then that's the right way on treating up gambling.

Random doesnt describe it completely, probability theory applies which is a branch of maths going back hundreds of years.    There is a reasonable return to paying attention to the various odds and when they might favour a bet over other times.   

However I would also argue some might distract themselves with gambling systems while ignoring the bare basics of only ever gambling with a set budget and never any more.   If you cannot follow a simple rule of self discipline of only spending a set amount then you cannot hope to employ anything more elaborate like studying best probable odds on each game.

    Best solution is forget the money and the idea of profit, its purely a game to play and always use small enough amounts that it doesnt matter.   When you learn the game better or are aware of the odds in play then use the full set budget.    Hope you profit but it is only a hope.

Many do not understand the difference and it is a shame, this is why many treat their investments as if they are just gambling and when you ask them about basic knowledge they need to be profitable in their trades they do not know what you are talking about, however that is a belief that I only found in the people that regularly gamble, when I gambled at physical casinos I used to chat with people about this and those that were there for the first time were there only to have fun, but those that were there constantly had the idea that they could make money in gambling even if they were long term losers.

Exactly. Being a trader and gambler is very different. If you are an experienced trader, you can gain profits easily but even if you are an experienced gambler, there's no assurance of your winnings as most games are based on luck. Unless, you are in sports betting area, where the chance of winning is high if you know the sport very well.

I would relate the two as they both have costs.  A trader must pay the exchange by the cost of the bid offer spread, every trade costs him something and then maybe more for leverage also.   The bet is that the timing, direction, estimation and just plain luck favour the direction he picks.

Every gambler knows the bets are not free also, there is always some percentage built into the odds that favours the house.   Famously the roulette wheel gives a win for its own green number.   You cannot avoid this cost, besides the risk you take you also must pay the house for the chance to gamble as they pay the bills and provide the Bitcoin float to win potentially.   

After reading your post I just remember one newbie creating this thread "Method I made to beat the Dice sites and get rich"
https://bitcointalk.org/index.php?topic=5164360.0

It's a martingale method and every old gambler knows about martingale and how it works and why it would not guaranty success and continuous winnings, he never came back to his thread to defend his method, because in the first place it will not work in the long run

New gamblers after playing and supposedly find a method is very confident posting their method here on how they always win, you may win 1 or 2 sessions but it will eventually catch up with you, and before you know it you lose everything, because you are confident on an old method that simply will not work.

Yes, with trading, we have a big chance to make a profit than in the gambling games. We can make small money, or big money depends on the coin we choose to trade, and if we are lucky, we can make big money from trading. If we have many methods to be used in gambling, we don't have a big chance to win because there is another factor that we need to have which is luck factor and the luck factor will only come to the right person. But many people still gamble using the old methods and new methods, but the result will be the same, they will lose at the end of the games.

No, I don't think so. If so then how can you explain the life of WSOP winners and lottery millionaires? See, it depends upon the person.  I know some of them go home broke and loser but I believe there are still many winners and maybe several of them are now drowning with money lol ;D. Your chance of winning still depends in your hands not only in pure luck. It also depends on your strategy, gut feeling, money management and most importantly discipline while playing such games.

In simple words, experience do count in trading but in gambling only luck count. An experienced gamblers can also lose all the games just because of his bad luck but at the same time a newbie gambler can win the games only because he is lucky on the day. That's how uncertain the gambling is.

Unless the friend is a maths genius I doubt any method working thats not already known.   Heres a good video to watch that kind of summarises why beating the system is quite futile, every establishment will have run through their games a thousand times over to find the final overall profitability of a game operation.   Heres the vid anyway: https://www.youtube.com/watch?v=AE8Wf4hqtEk

We never know how their life so far because we don't know the gamblers who can win the lottery and become a millionaire. But if I am that person, I will enjoy my life and spend the money with my family.

I already see some of my friends who cannot win the lottery in real life. They still do a normal life, they are work and doing another thing while they still buy the lotteries because they still have a hope to win the lottery. For me, the lottery games were pure luck which only a few people who can get the money but sometimes, people who don't have a passion in the lottery games can win the lottery.

Is this for real, and on a dice game? Well, even if this, and based on your real experience, it is impossible for this to last. No wonder why it only lasted for a couple of days. Gambling sites will detect it sooner rather than later. They won't allow any method or strategy to beat the house edge. It will kill the industry.

I think the experiences will vary for every people because I get a method from my friend, and I tried to use it in the past. But the result that the method does not work for me, I don't know what but I think that is because I don't have luck while I gamble. But on the other side, my friend can win the dice game although he cannot get much money, he says that the method still works for him. I don't believe that, but that is what happens in gambling, one method can work for one person, but for the other person, the method won't work.

One of the problems of martingale and the reason many still claim that it works is that if you have a big capital and your initial bet was very low then the gambler will keep on winning giving the impression that he has found a system that is foolproof and that he will never lose, but we know that the odds of winning or losing do not change with this method and that regardless of how unlikely it may seem to lose several times in a row if the gambler keeps playing sooner or later he will lose everything and only then he will learn that his method does not work but by then it is too late to fix his mistake.

I actually also don't think that there is a sure way to bet and win which then becomes a method. As far as I can submit, gambling is a game of chance plus luck, you win today but you can lose tomorrow too.

There is no method that actually works unless the player is using some type of bug exploit to gain an advantage.  Casinos are smarter than you and every game they host will have the odds in their favor. 

Any method works for everyone at the beginning till the get the red big streak. I remember mikethemug promoting his 100X strat at PD with was 100% save he said. A lot of users just lost some serious money. A 100% strategy doesn't exist and will never be there.

The best strategy is just to stop on time and be happy with the profit you got.

not only at the beginning but the outcome will still be random . its either you can win or loose and the begining   ,  or its either you can loose or win at the midle and last rolls  .

this is a solid evidence about the rumor that " strategy can work to person who shares it but wont work on the other people that uses it "  .

i dont think its a strategy but its only a good practice that we must follow at all times whenever we are gambling  .

Even with good mathematical knowledge this is quite hard to succeed in gambling. Maybe this could help in increasing the probability of winning. To learn the mathematical calculations that underlies to the gambling platform is highly complex and very few countable number of users have succeeded in it.

Similar things have happened with lottery as well, there are few people who have won on consecutive lotteries through mathematical calculations. However practices give good results, but with gambling for the same funds is required in large volume. I believe in following tricks than analysing mathematical calculations.

Dice gambling, yes there is a way. I personally myself working on specific method and well it last for 2 months and ongoing. For the last sentence you should say: casino will cheat player if they win, is it correct? Every casino claim they are using provably fair system in which produce random results so that your strategy need to be random too thus making them unable to guess your next bet to cheat or alter the result. The correlation of two random sets (result vs your bets -- sides/odds/stake) yield a statistical data that can be predictable.

To beat the house edge, the most important thing is to figure out how to earn faster than the house edge, i.e: for 1% house edge, as long as you can earn 2% or more per wagered amount or 5% house edge need earning rate of 6% or more, profit will retain at the end regardless of how many bets/how long you've played.

I think the problem here is not understanding the difference between strategy and formula and in my opinion, strategy for playing is the method used in playing to achieve result while formula a code that is sure. Strategy is under probability that it works for me as the user does not guarantee it will work for everyone while formula is trustworthy to deliver result. There is no formula for winning in gambling and the strategy invented by some good players is not a guarantee that it will work for everyone.

This is the reason if I share my strategy, I could work for me and not work for the person am sharing with, it doesn’t mean that strategy has stopped working, it only didn’t work for  my fellow player.

I think it high time we erased the thought of working with calculations or strategies and it’s like just in order to win a game. This is absolutely uncalled for. Gambling is for entertainment and I have the believe it only takes those who are working and well paid to gamble.

So, if we have money for ourselves, why can’t we just have fun with our money. We can still avoid losses by playing smart and not by relying on strategies. It is officially my 6th year as a gambler and I proud to say I never use strategies in playing and I am definitely not a great loser. The few record of loses are normal and it could happen to anyone even the strategy users Lol.

Some truths we should know : Sun rises in the east, Moon reflects the light of the Sun, Color of sky is blue, Birds fly, Fish swim, 2+2=4, gambling in the long run yields a 100% loss.

Don't run away from the truths, face them, accept them, and don't act you are special that you will be spared and will win huge in gambling and get away with it lol.