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Author Topic: Gamblers that don't understand basic gambling concepts.  (Read 440 times)
famososMuertos
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January 02, 2023, 06:08:11 PM
 #81

Well...!

There will be those who want to go deeper and make betting something beyond simple entertainment.

 That is why it is easy to place a bet on the traditional games that are presented in any casino, if it were complicated they would not have the success they have.

 Poker, black jack, sports betting and traditional casino games in that order are presented in their complexity of "trying" to learn but it is not really necessary.

 For a careless, unsuspecting user or simply who goes to a casino or comes to this forum, most qualify as recreational.

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January 02, 2023, 07:01:22 PM
 #82

There are a lot of gamblers that do not even grasp the idea of having simple statistical techniques, as they simply rely on luck. And quite frankly, those are the ones who make casinos profitable. Even those gamblers who apply mathematical concepts and statistical techniques many of the times may fail, but by using those techniques, they greatly increase their chances of winning. After that, it is just a question of management. But yeah, most players are completely unaware of how to apply mathematical concepts and statistical techniques to gambling, it's true.
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January 02, 2023, 08:15:46 PM
 #83

In a world where people are not even aware of the fact that house edge is there to make sure you lose one way or another in the long run so if you keep gambling then eventually you will lose all of your money, then we should not talk about even ideas on how to gamble.

I get that some people may gamble and win big and leave, that's fine and that is not the type of customers casinos have, because those people left, they were there for just a bit. The customers they have are the people who keep gambling and because of the house edge they will 100% all lose their money there and it is just a reality check that some people still think they could make a living out of gambling.

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January 02, 2023, 11:45:53 PM
 #84

The same concept when playing slots where the question, are gamblers really understand the game mechanics of it?

Simply, since it's a game of luck, they will just spin those reels and expect that winning will come.

For me, it doesn't really necessary to know this RTP or expected value return. It can be learned in the way I believed.
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January 02, 2023, 11:54:53 PM
 #85

There are a lot of gamblers that do not even grasp the idea of having simple statistical techniques, as they simply rely on luck. And quite frankly, those are the ones who make casinos profitable. Even those gamblers who apply mathematical concepts and statistical techniques many of the times may fail, but by using those techniques, they greatly increase their chances of winning. After that, it is just a question of management. But yeah, most players are completely unaware of how to apply mathematical concepts and statistical techniques to gambling, it's true.
That may be true that a lot of gamblers don't really make statistical techniques when gambling, but it doesn't really mean that they are doomed to lose their games in casinos especially since most games on the casino have their own rules and exception to avoid getting abused by its users. A lot of games are based on luck which is also why people don't tend to make any complicated strategy as gambling owners already made some program to avoid certain techniques be used.

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January 03, 2023, 01:42:38 AM
 #86

The same concept when playing slots where the question, are gamblers really understand the game mechanics of it?

Simply, since it's a game of luck, they will just spin those reels and expect that winning will come.

For me, it doesn't really necessary to know this RTP or expected value return. It can be learned in the way I believed.

I think the more we become an experience gambler, let's say a slot machine player, the more we understand this technicalities like RTP or EV or what not. But it doesn't matter though, as long as we are enjoying then why not?

Still luck base for us and if we feel lucky then we will take that chance, pull the lever on a slot machine and hopefully we will see big returns. Same with the martingale system, we will still used it no matter what the odds are because all we can think is that it will work on our way.

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January 03, 2023, 02:32:51 AM
 #87

There are a lot of gamblers that do not even grasp the idea of having simple statistical techniques, as they simply rely on luck. And quite frankly, those are the ones who make casinos profitable.
exactly , people only seek for speed profit but does not know how to play it rightfully so the ending? the casino always win and we are always the loser.

I think this is the time for gamblers to fully understand how it works for us to at least have bigger chances of taking money from casino owners .

Quote
Even those gamblers who apply mathematical concepts and statistical techniques many of the times may fail, but by using those techniques, they greatly increase their chances of winning. After that, it is just a question of management. But yeah, most players are completely unaware of how to apply mathematical concepts and statistical techniques to gambling, it's true.
that is also exactly what it is , we can higher the chances but sure win isn't really possible , so yeah I support to what you all says here.

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