Impossibility of a gambling system (Why methods don't work)

[cabalism13]

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.

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.

[Oilacris]

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.

having a good mood is very necessary when we play gambling, because an uncomfortable mood can affect the pattern of the game to be negative and the chance to lose is likely to be easier to feel than to win

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.

[STT]

I know that it's all completely random with dice and roulette.

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.

[South Park]

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.

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.

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.

[Twinkledoe]

The main thing is not to be too self-confident in your abilities.  Gambling is even more risky than trading in the foreign exchange market.  Although if you are a trader, then thanks to your experience and knowledge you understand what needs to be done and what cannot be done in order to get at least minimal results.  But gambling involves the presence of a greater degree of luck, and not just knowledge.

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.

[STT]

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.   

[coin-investor]

Introduction


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)


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.

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.

[maydna]

The main thing is not to be too self-confident in your abilities.  Gambling is even more risky than trading in the foreign exchange market.  Although if you are a trader, then thanks to your experience and knowledge you understand what needs to be done and what cannot be done in order to get at least minimal results.  But gambling involves the presence of a greater degree of luck, and not just knowledge.

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.

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.

[samputin]

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 . 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.

[noormcs5]

The main thing is not to be too self-confident in your abilities.  Gambling is even more risky than trading in the foreign exchange market.  Although if you are a trader, then thanks to your experience and knowledge you understand what needs to be done and what cannot be done in order to get at least minimal results.  But gambling involves the presence of a greater degree of luck, and not just knowledge.

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.

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.

[STT]

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

[maydna]

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 . 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.

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.

[Darker45]

Methods do work in gambling but after its been release to other gamblers then it will stop working. A friend of mine once have some methods in dice gambling and he used it for some days and forward it to me after which I also used it for two days, after the method was  aborted and till now no method from him so far.

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.

[ethereumhunter]

Methods do work in gambling but after its been release to other gamblers then it will stop working. A friend of mine once have some methods in dice gambling and he used it for some days and forward it to me after which I also used it for two days, after the method was  aborted and till now no method from him so far.

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.

[South Park]

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.

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.

[carter34]

Yeah gambling fallacy and superstition are something that gamblers believe that they could beat the house, the house using complicated calculation to hide the house edge, there is no strategy to beat the house unless you are cheating, gambling is supposed for fun not to make money, many people thought that they could predict the outcome and become more curious until addicted

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.

[Indamuck]

Methods do work in gambling but after its been release to other gamblers then it will stop working. A friend of mine once have some methods in dice gambling and he used it for some days and forward it to me after which I also used it for two days, after the method was  aborted and till now no method from him so far.

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.

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. 

[1982dre]

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.

[shoreno]

Any method works for everyone at the beginning till the get the red big streak.

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  .

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.

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 "  .

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

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

[romero121]

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

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.