Math and Gambling

[Unbunplease]

I've played poker many times. Of course, knowledge of math and probability theory is of great importance here. You also need a good memory to memorize the cards. and you need to be able to bluff and hide your emotions - you can't do without it. this is the rules for good players

[Mr. Magkaisa]

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

      -  It seems that what you said is true, because I watched an English movie where a retired old man tried to bet on the lottery, and after betting a few times, he found a leak in the lottery betting. ticket given to him when betting.

Then I saw on the show that he was doing a math computation where he knew what number would come out, so what he was doing was buying a ticket in bulk. Even if he spent a lot on the ticket, he was getting it back because the calculation that was being done was correct, until he formed a group in their community to help them financially. But I'm not really sure if that's true in real life; it seems like the only people who know that are the masters of mathematics.

[Blitzboy]

Interesting, isnt it? Combining math with gambling truly opens up a whole new realm of ability and tactic. James Simons and Chris Ferguson deserve recognition for their achievements.

To be sure, there are other factors that contribute to their success outside math; these include rapid thinking, astute execution, and knowledge application.  Although they may not be taught in the classroom, the practical skills we need to thrive in life do create a strong foundation. Do you not frequently discover that the 4% you mention is the piece of the success puzzle that is missing? Similar to gambling, the secret to success is not always to hold the best hand, but rather to know how to play the ones you do have.

These gamblers deserve our respect not only for their winnings but also for demonstrating that exceptional results can be achieved with specialized expertise. Our powers might alter the game in ways we cant even begin to anticipate if we have the proper training and a little imagination.

[slapper]

Do you agree that it's fascinating? How math changes gambling from a game of chance to a game of strategy is shown below. Your admiration for Ferguson and Simons' work is well-founded. These people's stories do show how important math is in gambling. Although, it's important to remember that these are rare instances. Like Ferguson and Simons, thousands of people bet without winning. Their mathematics skill is not common, it's very rare. Surprisingly, the lesson isn't really about gambling. Utilizing specific skills in surprising ways is what it's all about. Although math is very useful, it's not a surefire way to win the lottery. What matters more is how you artistically and strategically use what you know. How about that school isn't important thing? You learn more from what you do and how you do it than from where you go

[gabbie2010]

 It's not only in gambling that math is required to improve chances of winning in forex trading most of the indicators are based on calculation, in gambling we have martingale method of gambling though not recommended but it had worked for a lot of gamblers to recover their losses, so also in soccer or football some analysis requires calculations on previous matches data and statistics so as to be able to predict the outcome of the next probabilities, guessing the outcome of matches has been a thing of the past, with latest technology many predictions is now subjected to some mathematical model thus the importance of math in gambling is of a great importance.

[yudi09]

-snip-

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

Sounds like I'm reading a novel. OP, but I like this topic linking gambling to mathematics.
Gambling is not just about luck but skill. Remember, 1% skill 99% luck or 99% skill 1% luck.
The gambling games we have played so far have never experienced events like many of the scenes created in classical dramas. He came with little capital, but because of his skill in playing, he left with a lot of money. On his way home he was shot by a subordinate who lost gambling with him.
But we haven't found it in gambling at this time.

School only teaches theory and is recognized by institutions that we are people who have gone to school. Learning theory doesn't have to be at school if the goal is to make money.
This world is complete with various theories if you are willing to study them through 'natural selection'.

[uneng]

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I won't say about poker, because I'm not literate on this game, so I really don't know if this information is legit or if the method is even possible to be practiced for real, but if the method was exclusively aimed to work with poker, then you should name this thread "Math and poker", because at other gambling games, math and probabilities are always against you on long term, therefore it's not possible to develop any winning method or strategy to change this basic natural element of gambling games.

Even though much of school's content prooves to be useless futurely, it's still the assurance of a profession and superior skills and knowledge you will have towards others in your community, increasing the probabilities you will get a better and higher paying job. As you can see, Mathematics, probabilities can also help you achieve a solid career and quality of life outside gambling matter... So, don't neglect it.

[coin-investor]

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

This is alarming for people who value education, and for institutions that promote education as the key to success, I hope those who have this opinion are small and of the minority, education is everything we don't want a generation of uneducated it will stop progress and besides where do you think you learn math is it from the guidance of teachers.
Education is very important not because a handful of people succeed even though they lack the education we can conclude that school is not important, you cannot work without a certificate that you've gone through a school and the certificate is proof that you are capable of the work you are applying.
Education is our preparation for the adventures we are going on when we are on our own so don't belittle it.

[freedomgo]

To be a winner in gambling, you gotta have certain skills. When I say "successful," I mean raking in a good amount of cash. These skills include being sharp with math and knowing how to keep your cool because if you nail both, making money in gambling isn't some far fetched dream. And yeah, you don't have to hit the books for a stable job since making money through gambling could be the easiest job for you.

Honestly, I don't personally know anyone who made a fortune gambling, but I've heard stories that make me believe it's doable. So, I'm not giving up hope that one day I might hit that success jackpot like a few others. Those names you mentioned? I might just check them out because I know they'll give me that extra boost toward my goal.

[Eternad]

Do you agree that it's fascinating? How math changes gambling from a game of chance to a game of strategy is shown below. Your admiration for Ferguson and Simons' work is well-founded. These people's stories do show how important math is in gambling. Although, it's important to remember that these are rare instances. Like Ferguson and Simons, thousands of people bet without winning. Their mathematics skill is not common, it's very rare. Surprisingly, the lesson isn't really about gambling. Utilizing specific skills in surprising ways is what it's all about.

Math only helps you to determine your winning chance rate but that doesn't mean it will secure profit for you just because you knew your percentage of winning except for a 100% win rate in poker. But everything is still a gamble no matter how high your winning probability. Other skills still contributes a lot of factor on success because it can increase your chance of winning aside from the computed probability since other player mind is your enemy here.

it's not a surefire way to win the lottery.

We are talking about poker game here

What matters more is how you artistically and strategically use what you know. How about that school isn't important thing? You learn more from what you do and how you do it than from where you go

Yeah, This is what they call the execution. A good execution can beat winning hand by tricking that he has the better hand.

[DaNNy001]

.............
School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

Always remember that luck also matters in gambling but using betting strategies and math can improve your chances of winning the game. In games like poker math probabilities and game theory. Regarding the value of school some disagree, but skills from subjects like math can unexpectedly help even in gambling.

Well everyone has their logic with their gambling hobby, as for me gambling is strictly based on luck because I don't  see and believe that strategy and maths can help you, well thats my own perception to it as I believe everyone has their own personal opinion to the way they play and enjoy their gambling. Gambling for me is just based on how luck decides to be on your side because even the best forecast of some specific game can disappoint you at the end result and I have seen lots of these, it's even worse as people tend to increase stake amount due to the believe that they have on the specific game.

[rachael9385]

I strongly believe that math is one of the most strategies hackers do use when trying to hack into someones account because maths involved coding (just the way I understand it) but talking about using the maths strategy in gamble, I have thought about that before because I know that gamble is all about luck and not a skill, why? Because even if a gambler knows the whole odds he or she will still lose when the luck is gone.
But if this works then it's good,

[bitzizzix]

In fact mathematics always plays a role in gambling, good gamblers don't just rely on luck because mathematics can create opportunities to win consistently.
And most gamblers use mathematics to calculate the odds of winning and money management to maximize wins and minimize losses. And it's not that gamblers who play without math won't win. They will definitely get lucky, but they will likely lose more than they win. And those who use mathematics will win more than they will lose, but still the house will always win over those who play without mathematics, self-control and also chasing losses.

[Rruchi man]

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

Mathematicians like to believe that mathematics applies to everything, and you cannot say that they are wrong. Mathematics applies in nature, business, and many other aspect of life.

If a successful gambler believes that they were able to win by using strategies formed from mathematical principles, that is good and their testimony. It is not only mathematicians who have won big from gambling, so mathematical strategies are not only the efficient strategy.

[Shamm]

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

He created his own gambling strategy for poker completely on math and game theory instead of trying to focus monitoring the players, this man won five world series bracelets 🤦 and over 8 millions dollars in gambling tournaments.

There is also another man called James Simons, who is named the greatest gambler of all, he made more money using math than Chris Ferguson, James net worth is over 20 billions, I was shocked, because I use to think it's impossible to gamble using any skills, this is a skill on a another level, I am mad that I am just knowing this not too long ago.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I am not 100% sure but there was a professor of math who used to win the lottery once and people thought he is a genius,he couldn't win it a second time so most likely it was pure luck that coincided with his thinking and algorithms at that time.In Poker you can win if you are good at math and focusing on counting every card rather than try to find other people thinking by reading their faces and expression,you have to be good at it,have a huge amount of patience like this Chris Ferguson guy and you can win,I would not be that much surprised,unfortunately very few people own such skills.

As for school when I graduated and got to my first job I found nothing from school was to be used there,so it is 100% theory the school just to give you some education.

Gambling world is like a school.

School teaches the basic but we face it hardly and our mind struggling to solve those equation given by our professor. But we must always remember the through journey is in the real world and luck is the best thing that we must have in order to pass the trials. Like in gambling worlds luck matters so if we are lucky enough then we will win a good amount of money.  Also in poker game experience and knowledge is very important in order to win.

[Zlantann]

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

I read that Maths will be beneficial when calculating odds and could help in games like blackjack and poker. But I know many good gamblers who are illiterate which means they don't have much need for advanced maths because the basics are okay. Just as other members have indicated, gambling is more of time and chance (luck). I am not a good mathematician so I have not experienced the positive effect of maths knowledge on gambling.
I don't know the research that validates this notion that the majority of what is taught in schools is not relevant. This belief is popular among youths and they use it as an excuse to engage in diverse criminal activities. Some of them even use it as the reason why they became truants and school dropouts. Many nations practice functional education that contributes immensely to the development of the nation and the world at large.

[Litzki1990]

Gambling usually requires various calculations and those calculations usually come from mathematics. The better we understand mathematics, the better we can calculate. A combination of luck gambling skills and calculation usually makes a gambler decide on gambling. You mentioned for example a person whose gambling skills might not match our gambling skills. Without doing too much mathematical calculations, I usually calculate how the players of the two teams are or how the performances of the two teams are likely to be. I've had a lot of success with this gambling skill and I've made sure to gamble on this skill. I don't feel the need to use complicated techniques if I get success using simple techniques.

[Findingnemo]

If this is true then maths professors and experts will be driving their lambos now so it isn't like that but yes it is possible to use math in blackjack like games which is definitely not possible to do with math skills but only if you have a photographic memory and for your information that is illegal and if you found to be practicing counting cards then you will be banned from playing.

School is not important as 96% of what you learn won't be used in the real world to make money, but this 4% left is making a lot of people rich, math and gambling seems to go with each other, what do you guys think? Am I wrong or right?

How many people became rich from gambling?

You may see a lot of rich people in casinos but it's for their entertainment and they never saw gambling as a way to become rich.

[BIT-BENDER]

Gambling is known to be a game of pure luck but also probability, that's if you are good at math, this is what a fellow employee said to me, he then told me to look Chris Ferguson up, to my surprise this man won millions in gambling using math, I read this man is really good at math,

It's either he is a scam or plays tricks on the gaming board, but about using maths to win millions in poker game That's almost an inexistence strategy, I have seen or read about some good gamblers who has had great success from gambling but none of them attributes their success to maths rather it's all about focus and discipline being able to not get greedy and have a target.

[Yatsan]

I've played poker many times. Of course, knowledge of math and probability theory is of great importance here. You also need a good memory to memorize the cards. and you need to be able to bluff and hide your emotions - you can't do without it. this is the rules for good players

Aside from memorization, card counting, and simple mathematical operations to determine the best cards, there’s nothing more of its application with gambling games. Algorithm on the other hand indeed works but is something complicated and will not be understood by ‘normal’ players. Also it does not work to most of the gambling games except card games. Luck is still a better determinant of the result more than patterns created without any firm evidence. These two concepts could be related with the other but nothing will definitely determine a winning outcome. Gambling itself is a tournament of luck and no matter how good your analysis is, if you’re not lucky on that day, then expect less from losing.