Gamblers that don't understand basic gambling concepts.

[danherbias07]

RTP, or whatever mathematical thing there is, gamblers will always suffer in the end when it comes to games with luck-based systems or just simply computer-based. I don't understand those because there's nothing to understand. Provably fair is all you have on your side.
This is the reason I switched to sports gambling, it gives me more fun analyzing a game and increasing my chance to win rather than inclined with luck.
For a long time betting in the sports industry, I have never felt a big loss, mostly ROI or profits and that's a good reason to just stick with it.

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[LUCKMCFLY]

When we never mind about the win we'll experience good winning. This is true and the money making mind is the key for the gambling house to win. When our mind thinks not to loss, we'll be in pressure, what we play won't be our real play. We make lot many calculation and does it to empty the wallet.

When people have the mind to play for fun, many gambling platforms will go bankrupt. In all means the players need the patience as well as the emotional control to stay strong against the Casinos.

Well in my case I apply what I've learned in trading, which is basically if I lose, I look for the possible reasons why I lost, and otherwise if I win, I also look for the reasons why I won and it's incredible perop the brain He sees many worse options which are given to support if he wins with a good base or if it is only due to randomness, I think that the things that we know as luck is what we sometimes rely on to go to a casino, of course taking into account Keep in mind that the balances of each person always remain in a positive balance and not lose everything, for me it is the first option to have a balance of risks before playing.

[Don Pedro Dinero]

If we are to enter a casino as a mathematician or one who really reveres arithmetic or logic or statistics, there'd be less fun, or you'd even find it pointless to consider entering a casino, unless perhaps you are a math savant whose goal is to try bringing down the house.

Well, you can also go for fun, as you say later, plus if you know your maths, you know that the loss per RTP minus 100 or EV- is long term. You can go one night, as often happens, and come out positive.

Martingale, for example, is arithmetically proven to be an absurd strategy. Do we use it, though? I'd say yes. Many of those who are aware of why this system is ridiculous still use it every now and then.

Knowing the concept RTP also does not guarantee a 100% win,

This is what I was talking about:

I am sure that some of those who think they understand these concepts but in reality do not will comment on this thread .

Let's not pretend that a huge chunk of people posting in gambling sections are not here only because of signature campaign requirements. As such, they don't have a 'natural' interest in the subject or desire to learn anything more advanced. They probably very rarely gamble at all.

I've seen that said many times but I doubt it's a significant percentage of those who comment, because the ones I usually see comment on specific plays, sometimes accompanied by screenshots etc. that make it look like they do bet. See this thread for example, do you think OP and most people commenting do not bet?

Betting Types Newbies Should know About

 

[Reatim]

Don't worry mate  no matter what you said and understand it is the same that  House always win  actually we are only playing to enjoy but the winner is always the team behind each casino.

but it is good that you open this up for more understanding from other players/gamblers from this forum .

[crwth]

I don’t think there’s a need for gamblers to understand that on the fundamental level, if they are just occasional gamblers and not a professional one in which, they are using gambling as a source of income. If they understand that they need to know these things to become more successful, I think they will put more effort into learning them.

You shouldn’t blame them if they have no idea, but once you have introduced the concept, but still they don’t use it or learn it, then that’s going to be their fault.

[Fivestar4everMVP]

To be sincere, I do not understand all the concept of gambling or the general mechanics to the games, though i try my best in searching and researching and reading information that will help me know more, But personally, from the experience ive gained or gathered from gambling, knowing this things still will not stop a gambler from loosing money, most especially, on games that are purely based on luck, though i agree that it can help cub the amount of money one could loose as it helps gamblers know when to bet moderately, but you already said it, this still wont stop majority of gamblers from loosing big since emotions get involved in our gambling activities very easily.

[Oshosondy]

For some time now I have seen in this section of the forum a not small percentage of gamblers who do not understand basic statistical concepts of mathematics applied to gambling, such as Return to Player or Expected Value.

Gambling is not a course that should be studied if you just want to have fun with it, I have read on an article before how to calculate expected value, it seems to be for people that are working in gambling companies to use it to determine the odds that punters will be selecting for each game taken, I do not see it for gamblers to gamble, gamblers prefer to look for a good clubs or team to win, check if the odd is good enough for him to pick and not by considering the expected value but what he is pleased with and not that such punters are wrong.

There is nothing punters will not know about return to players, rakeback, or to cashout if a match has not be finished.

[serjent05]

I don’t think there’s a need for gamblers to understand that on the fundamental level, if they are just occasional gamblers and not a professional one in which, they are using gambling as a source of income. If they understand that they need to know these things to become more successful, I think they will put more effort into learning them.

You shouldn’t blame them if they have no idea, but once you have introduced the concept, but still they don’t use it or learn it, then that’s going to be their fault.

I believe it is for bragging right since it is seldom for a player to research deeply on the subject matter.  I agree with @OP that majority of gambler play without knowing the essence of the mathematical theory that is coded in the game.  The majority of the players know that they press the button, it wins, great!, it losses well... better luck next time.  Only a few go into deep research to take advantage of the better probability of triggering a win in a Casino.

[crzy]

I don’t think there’s a need for gamblers to understand that on the fundamental level, if they are just occasional gamblers and not a professional one in which, they are using gambling as a source of income. If they understand that they need to know these things to become more successful, I think they will put more effort into learning them.

You shouldn’t blame them if they have no idea, but once you have introduced the concept, but still they don’t use it or learn it, then that’s going to be their fault.

Occasional gamblers don't want to make things more complicated, so they just literally go with the flow and depend on their luck which is ok since gambling is more of a game of luck. Professional gamblers should be more concern about this as they are spending a lot of money in gambling and depend too much on this. Some might not be open to any one's advices as they are too focus on their own strategy even if you are telling them that they are doing the wrong thing about gambling.

[Don Pedro Dinero]

I wanted to point out that what strikes me is not so much that people do not know the concepts, but that they use them without understanding them. I see a lot of people talking about RTP and they don't know what it really means, they have the wrong concept.

[LUCKMCFLY]

I don’t think there’s a need for gamblers to understand that on the fundamental level, if they are just occasional gamblers and not a professional one in which, they are using gambling as a source of income. If they understand that they need to know these things to become more successful, I think they will put more effort into learning them.

You shouldn’t blame them if they have no idea, but once you have introduced the concept, but still they don’t use it or learn it, then that’s going to be their fault.

I believe it is for bragging right since it is seldom for a player to research deeply on the subject matter.  I agree with @OP that majority of gambler play without knowing the essence of the mathematical theory that is coded in the game.  The majority of the players know that they press the button, it wins, great!, it losses well... better luck next time.  Only a few go into deep research to take advantage of the better probability of triggering a win in a Casino.

What happens here is that it is very difficult for a player to say what are the basic concepts to follow to bet in a casino or in a sports bet, there is no special guide to do it, each person makes their bet according to their thoughts and Your logic indicates it, if we are led to think that a player does not follow the basic concepts, sometimes I don't even know what they are.

Personally, what seems to me a fundamental concept is that the person should not make any bets in an uncontrolled way and without having any control over the balance, because if he spends it all, it is already that person's problem and in reality that is not what What is sought, besides that it is irresponsible, I think that if it is clear that when betting, only spend what you are willing to spend is the right thing to do.

[rahmad2nd]

Don't worry mate  no matter what you said and understand it is the same that  House always win  actually we are only playing to enjoy but the winner is always the team behind each casino.

but it is good that you open this up for more understanding from other players/gamblers from this forum .

Do you mean enjoy losing, if so.  you are very generous, let alone give your money to the house. but not like that is not it, I understand what you mean. however, if you are just playing around to enjoy the game. I'm sure you didn't say it wholeheartedly. because after all, when we get a losing streak. Psychologically, human emotions will be disrupted even if you know that the house always wins, but you will also be driven by emotion to make a deposit again and that's usually what happens to us gamblers.

so the concept and definition of having fun is not as simple as we say it. basically, true we should have understanding and concepts of gambling as Op said in this thread.

[Yogee]

....As a result, it is not surprising that every now and then we see someone who thinks he has found a good system to win casino games by applying some variant of the Martingale.

There was this one member who keeps creating topics flaunting his winnings and his "strategy"...then later says he quits gambling hehe.

Don't worry mate  no matter what you said and understand it is the same that  House always win  actually we are only playing to enjoy but the winner is always the team behind each casino.

Don't ignore these basic gambling concepts because it could be the main difference from you losing big or small.

It's true that house always wins in general but there a few players who have been known to beat the house. Ever read or heard a story of gamblers no longer allowed to enter a casino because he consistently wins too much?

[Fivestar4everMVP]

I wanted to point out that what strikes me is not so much that people do not know the concepts, but that they use them without understanding them. I see a lot of people talking about RTP and they don't know what it really means, they have the wrong concept.

Well, i cant help but agree that there are indeed a lot of gambling concepts that gamblers themselves don't understand, and is because many of us lack the zeal to search and read, and majority of gamblers are not gambling out of passion for it, but out of passion for money, that is making profit, this make searching and reading up some of this gambling concepts in other to learn really boring and un-understandable.
So for majority, all we are after is mastering some of the really basic concepts like knowing how to bet on a game, knowing the functions of some simple button on the casino, as well as knowing what odds are and how they affect the amount of money we are likely to win, once we know some of this things, the rest become not so important.

I could possibly liken this to a car driver who can drive very well but know absolutely nothing on how a car engine functions, even down to the basics like -
torque
horse power
MPH
Some don't even know how to place and connect a car battery properly  .

[ryzaadit]

-snip-

Then, If you understand how the concept "RTP".

It's that work on your gambling activity ? I think would be better you are also sharing the experience gambling from your side. IMO, to many people giving advice one-to-another in this forum.

Meanwhile, he not gambling or don't have experience. It's just like comparing a person who are on theory side to practice side, it's completed different and can't be the same. I more respectfully people who are giving advice need to share the gambling proof activity from his experience not just "THEORY".

[Hydrogen]

Before people understood what germs were. There were many different superstitions in circulation attempting to explain various illness and medical conditions. People resorted to using leaches to suck blood from patients, in the belief it could cure sickness.

These past eras of superstition define the current state of affairs in the gambling industry. Most who do not know how to win consistently follow the herd. They recite strategies and common themes from outside sources, which are essentially identical to placing leaches on patients in medical wards, in the superstition that it will improve their health. Their gambling ideology revolves around emotions, luck, superstitions and concepts which do not allow for winning on a consistent basis.

The small percentage of consistent winners in gambling circles are all about applying math and science to devise reliable methods to win. They're typically the ones who are crunching big data in sports statistics to identify reproducible historical patterns which they can exploit.

[Agbe]

For some time now I have seen in this section of the forum a not small percentage of gamblers who do not understand basic statistical concepts of mathematics applied to gambling, such as Return to Player or Expected Value. As a result, it is not surprising that every now and then we see someone who thinks he has found a good system to win casino games by applying some variant of the Martingale. This is despite the fact that these are not complicated concepts and the information is easily accessible to everyone, it is not like 30 years ago. I would say that at least 25% of the people who write in this section fall into this category.

Do you have the same perception as me?

I think a lot of whiny threads of people telling how they ended up losing a lot more than they expected would be minimised if people understood these basic concepts. Although knowing the theory doesn't guarantee it 100% because we sometimes get carried away by emotions.

I am sure that some of those who think they understand these concepts but in reality do not will comment on this thread .

I wanted to point out that what strikes me is not so much that people do not know the concepts, but that they use them without understanding them. I see a lot of people talking about RTP and they don't know what it really means, they have the wrong concept.

That is true, when I came here first, I also suffered the same faith, I didn't even know how to discuss here but I am good to some extent now. Everything is about reading. If the person really meant to understand those gambling teams, he or she should read more. And follow the instructions of the other users in the forum.

If anyone like reading, check here
The Essential Glossary Of Gambling Terms
Gambling Glossary: A Guide to Gambling Terms

[xSkylarx]

I don't know but sort of you are scolding me not learning the basics but my thought about it really I am open on to learning this since I am too a gambler but mostly I don't get really serious in gambling , like I am a casual player that tends to gamble on weekly or somewhat daily basis just to kill some time and hangout with my friends while drinking beers. Though I've got your point but really I would say that that are the methods you could be used for you to go pro or be expert in gambling , but some of us gamblers are just playing for fun (even losing lol)

[Gozie51]

When we never mind about the win we'll experience good winning. This is true and the money making mind is the key for the gambling house to win. When our mind thinks not to loss, we'll be in pressure, what we play won't be our real play. We make lot many calculation and does it to empty the wallet.

When people have the mind to play for fun, many gambling platforms will go bankrupt. In all means the players need the patience as well as the emotional control to stay strong against the Casinos.

I think this is a strong strategy to even back up RTP. In gambling I have experienced it that you always get pressured when you are trying so hard to win but if you take your mind and emotion off the game then you are likely to take a proper analysis of what you are doing or to do with your next game. So one of the reasons to go off your losing fear is to play with fun mindset whether you are using the martingale strategy or not.

[Cryptomultiplier]

It is hard to see gamblers that read, that is, from the ones I have been opportuned to meet. Learning from a friend that knows how to, and a friend who knows others that have better knowledge with a zeal to share; had always been the way we know to get our strategies from. Let me not leave out, the trial and error, I.e., learning from our own experiences strategy.
Anyone who had made profit or won in any gambling game, definitely did some research, maybe when no was looking, they studied to understand, perhaps they studied the basic  gambling concepts behind curtains.