Math and Gambling

[bettercrypto]

.............
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.

We all have our own assumptions in this forum debate. What I see there is that some people will agree with us, while others will disagree.
Even if the replies are exchanged in this manner, we are having a constructive discussion about the topic proposed by the author. But, in my perspective, that is what cheaters and gamblers do.

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.

In school, you were really compared to gambling. Anyway, most gamblers are really dependent on luck, as if it's easy money for them; you just bet or choose where you just guess if you'll win when you place a bet.

[ethereumhunter]

I'm not good at math, so that may be why I can't win as much as some people. But I guess it's not like that because gambling is not that simple. Maybe there are other things involved in gambling and maybe gambling uses mathematics but we don't know for sure which ones. Or maybe math is used for some gambling games that require skill so if he is very good at math, he might be able to win a lot at that game. Well, maybe you're right. Maybe you are wrong too. But what about luck? That can't be calculated using mathematics, right? We can only wait for luck to come. But mathematics is also used to calculate the percentage probability of winning or losing. But it seems too difficult for me.

[EL MOHA]

I don’t know if i can believe that gambling is not a thing of luck because if it was all about maths then we should have more numbers of people who are good in maths make money from gambling after knowing that this Chris Ferguson uses maths to win in gambling. There are lots of good mathematicians all over the world and we only have few making it big in gambling what are the rest using their maths knowledge for? I am not disputing your claims but i still think luck plays more role in his wins than his maths knowledge or probably he is a naturally gifted gambler. Though Maths knowledge and careful calculations and analysis will help improve your chances of winning so having deep maths knowledge can go hand in hand with gambling.

I would say I agree with you that gambling is most likely about having the luck that’s why we see many people picking just random bets and they win. But in some case I will say some who is critical thinker could actually get a better chance at bet than someone who isn’t, and we all know that almost all mathematician are critical thinkers. And example I will give is a mathematician can spot a bias dice and use the knowledge of Maths and Statistics to determine the next few outcomes.

[Wiwo]

Yeah, we can say that gambling requires a lot of calculations and that can take a lot of maths to realize and that has been proven a lot of time in our personal gambling experience and that can far say that, even though gambling winning is based on pour luck and also a lot of calculations because gambling with only luck can take a long time to ever win any amount.

But if the gambler can combine some level of game analysis and calculations that make near possible bet selections and in most cases,  calculating the odds is the best sure thing and way to make the right bets and make a good analysis of previous results and teams stats all that contribute a lot to what makes a win not just luck alone.

[Wakate]

I don’t know if i can believe that gambling is not a thing of luck because if it was all about maths then we should have more numbers of people who are good in maths make money from gambling after knowing that this Chris Ferguson uses maths to win in gambling. There are lots of good mathematicians all over the world and we only have few making it big in gambling what are the rest using their maths knowledge for? I am not disputing your claims but i still think luck plays more role in his wins than his maths knowledge or probably he is a naturally gifted gambler. Though Maths knowledge and careful calculations and analysis will help improve your chances of winning so having deep maths knowledge can go hand in hand with gambling.

I would say I agree with you that gambling is most likely about having the luck that’s why we see many people picking just random bets and they win. But in some case I will say some who is critical thinker could actually get a better chance at bet than someone who isn’t, and we all know that almost all mathematician are critical thinkers. And example I will give is a mathematician can spot a bias dice and use the knowledge of Maths and Statistics to determine the next few outcomes.

Gambling is not just luck, there are other kind of gambling that is above the word 'luck'. There are some gambling that is based on strategy not just betting blinding. Skill can be very important in gambling if we want to make a difference. There are some of the great gamblers that had .Ade good amount of money from betting because they were able to strategize and utilize their skill developing it in a way that would bring more profits for them. Anything we are doing, we should always try to improve ourselves so that we can get more better and make more profits for ourselves.

[stomachgrowls]

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?

Working or not, then its not something that we could really be able to reach out easily if its indeed that math or calculations would really be something that relevant specially on poker. If they do make out those kind of words and telling that it does then its up to us whether we would really be believing into those or really just that simply they are making those alibis and telling about non sense. If we do tend to dig further and realize something then you could really make out some calculations but we know that there are certain things or factors that cant really be that altered or something that can be influenced. Poker isnt really just that simply talking about picking up cards or whatsoever correlated to it on which we can really tell that calculations wont really be precisely that will really be telling on whats the next outcome or result.

This is why it would really be that too impossible on having those kind reliance about mathematics on the time that you do gamble, doesnt matter if its poker or other strategic based kind of game.
Luck would really be always that important or relevant most of othe time.

[Aanuoluwatofunmi]

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?

Or maybe you think all that is required with gambling is how fervent you're in gambling, maybe you're getting it all wrong, if this were to be true, then every mathematician would have love to use their maths skills to be a gambler and earn from that for a living instead of teaching job, this is strictly a luck game with gambling, a small child can guess and bring up a game now and win as well, we cannot predict what may comes after every of our gambling steps not until the result is out irrespective of the calculation you have done to it.

[Nwada001]

I also believe in this aspect of mathematicians having a higher possibility of winning, but sometimes even with the skill of gambling, the result turns out not to be the way we predict it to be. Even with the highest skill and assurance, they can still turn out to disappoint us.
 
If mathematical skills are all that's needed to win in gambling, I don't know where people like me who don't have a brain for math or don't have time to even study further about mathematics will be. Maybe we should just probably give up on gambling or we should gamble just to give the casino enough money to pay those who have a high level of thinking with their math calculations.
 
But even with this math, I still believe 100% of their games can't be won, as that will really lead to something else, and casinos will just keep building other games that can't be predicted that way. Luck is also another important tool that contributes to winning in gambling, but math is not everything; if not, people like me won't be winning at all.

[rachael9385]

I'm not good at math, so that may be why I can't win as much as some people. But I guess it's not like that because gambling is not that simple. Maybe there are other things involved in gambling and maybe gambling uses mathematics but we don't know for sure which ones. Or maybe math is used for some gambling games that require skill so if he is very good at math, he might be able to win a lot at that game. Well, maybe you're right. Maybe you are wrong too. But what about luck? That can't be calculated using mathematics, right? We can only wait for luck to come. But mathematics is also used to calculate the percentage probability of winning or losing. But it seems too difficult for me.

If I say all the odds in gamble are gotten from the companies calculations, just like after calculating the whole maths then they give the odds accordingly, there have been some cases whereby in some of the games, big odds are given to a better team that is more stronger then the opposite team (might be the cause of miscalculations), meanwhile, there are many gamblers that do bet on games based on the odds, some don't bet on big odd but only small odds and others don't bet on small odds but bet on only the big odds, I am just trying to say that when ever there is miscalculations in the gamble industry (miscalculations in terms of given the odds accordingly), it also affects the gamblers to lose more, who? Because those that bet on smaller odds might bet on the wrong team that was given smaller odd than the opposite, hope you get my points?

[Unsoldier]

Math can help players better understand their chances of success and use strategies to win. For example, in poker, blackjack or sports betting. But still, luck plays a significant role in gambling. Plus, you have to remember that most players lose money and that the casino stays in favor in the long run.

[yahoo62278]

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?

Chris "Jesus" Ferguson was a well know poker player in the early 2000s. As stated he played poker relying on his math skill and knowing probabilities to decide on whether calling a bet in a poker hand was worth it or not.

You guys might look up some more facts about the guy though. He is also a co founder of a site called Full Tilt Poker in the early 2000s as well that ended up stealing alot of player funds. Basically overspending and waiting for future deposits in order to be able to pay out player wd requests.

https://en.wikipedia.org/wiki/Chris_Ferguson

You guys can read the Wiki.

[Westinhome]

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?

Do you know why the gambler get addicted to gambling by the two reason,one because of the development of the gambling site.The second reason was the gambler was believe on their mathematical knowledge will over come the algorithm of the gambling sites.The tackle of the algorithm is not easy one in the gambling sites,this was the reason for sometimes the gambler will win who made the random bet in the gambling sites.Most of the games in the casino was based on the mathematics and probability based game.If you play the dice game,the probability was based on the risk you had fix in the game.If you had fix the Roll over to 10.00,then the probability was very low for the loss in the dice game.But the Multiplier for the win will be very low at the end.So calculate and made the good strategy in every game.

[BitcoinPanther]

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.

I am not a mathematician, but it would be interesting for me, if there someone can solve the mathematical formula to win the game of poker. Because, the chance of being right when making a decision will be very difficult. It's like, we already have a card that has the potential to be a straight, but before the dealer takes out the card, he should do a mathematical calculation first before betting a large amount.

I think a person who won on gambling like poker depends on card counting.  It would be hard if a person is basing his decision on the expression of people because it can be misled by bluffing expressions.  More or less the person stated by @OP had known or has the skill of card counting, if not it I do not know how math can apply in the game of poker if not on card counting.

Math is indeed can be use to know the possibility of the result of a certain game, since game result is based on the probability, the only problem is the chance this probability computation tp coincide with the gambling result.  More or less there is still this luck factor in this winning result.

[Oilacris]

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?

Chris "Jesus" Ferguson was a well know poker player in the early 2000s. As stated he played poker relying on his math skill and knowing probabilities to decide on whether calling a bet in a poker hand was worth it or not.

You guys might look up some more facts about the guy though. He is also a co founder of a site called Full Tilt Poker in the early 2000s as well that ended up stealing alot of player funds. Basically overspending and waiting for future deposits in order to be able to pay out player wd requests.

https://en.wikipedia.org/wiki/Chris_Ferguson

You guys can read the Wiki.

So it means that "Math" does really work?

Just like on what been said or mentioned about making  calls, then this is something that math could really be able to influence. It would really be that getting in line with your
own risk taking factor thing or decision yet it cant be determined whether you are really that ahead against other players or really just that simply
that you are that confident because of those calculations made?

If it turns out that this one is really that a legit reason and we've seen that he had been successful with it then it do shows that it could really be applied
but the main question is, HOW?

[topbitcoin]

This is not just nonsense, if you are good enough at mathematics, then this will help you increase your chances of getting big wins in the gambling you do. Because in gambling, apart from relying on strong instincts, in playing certain types of gambling we also have to be a little clever in making fairly accurate calculations. Like playing card gambling, whether rummy or gaple. Where to find out which cards have not come out and the possibility that they will come out can be calculated using mathematics.

However, you need to remember that the use of mathematics when gambling only applies to certain types of gambling. Meanwhile, for this type of gambling that only relies on luck, there are no specific tricks, formulas or calculations, like playing slots.

[Docnaster]

I don’t know if i can believe that gambling is not a thing of luck because if it was all about maths then we should have more numbers of people who are good in maths make money from gambling after knowing that this Chris Ferguson uses maths to win in gambling. There are lots of good mathematicians all over the world and we only have few making it big in gambling what are the rest using their maths knowledge for? I am not disputing your claims but i still think luck plays more role in his wins than his maths knowledge or probably he is a naturally gifted gambler. Though Maths knowledge and careful calculations and analysis will help improve your chances of winning so having deep maths knowledge can go hand in hand with gambling.

I would say I agree with you that gambling is most likely about having the luck that’s why we see many people picking just random bets and they win. But in some case I will say some who is critical thinker could actually get a better chance at bet than someone who isn’t, and we all know that almost all mathematician are critical thinkers. And example I will give is a mathematician can spot a bias dice and use the knowledge of Maths and Statistics to determine the next few outcomes.

Having good knowledge of maths helps one to be successful in his gambling activities but having maths knowledge doesn't guarantee that one will always win because there are gambling platforms that doesn't require too much of maths knowledge to be successful in them.
If having good knowledge of maths equates to being successful in it, a big number of people across the globe who are very good in maths would all have been doing well in gambling today. Gambling requires basic knowledge of maths but is majorly influenced by how lucky a gambler can be because it's a game of luck

[macson]

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?

Do all people have the same ability in mathematics?  Of course not... apart from that, many mathematicians don't like gambling because they are busy discussing mathematics at their school.  i don't really accept your opinion which explains that school is not important, you should withdraw this opinion because school will always be very important for everyone.  In some gambling games, skill is needed rather than luck, so not all gambling games rely purely on luck, nor do all gambling games rely on skill, but card games like poker certainly require skill ^{(whether it's math, analytical or other skills)}

[Saint-loup]

I think maths could help you to manage efficiently your bankroll in most if not all gambling games, and then to avoid going bankrupt quickly but they can't help you for pure luck games of chance like lottery, slots and casino table games. How maths could help you to predict the next number or even it's colour drawn at the roulette? It's different for games involving humans such as Poker where your opponent is not the randomness but other human beings or sports betting where you bet on humans or eventually animals. 

[rahmad2nd]

~~

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 don't know how to answer, especially since the names you mentioned in this thread are not familiar to me. however, if I refer to the post content of your thread. it's not something foreign to us regarding gambling and mathematics. Some people, maybe like you said in this thread, have methods and formulas for dealing with gambling through their expertise, namely mathematics. I'm pretty sure there are many people who do it like the people you describe in the contents of this thread, but only a few percent succeed this way. Or you could also just count on your fingers.

In essence, not everyone is able to do it even if they have expertise in mathematics. If in essence it was as easy as formulated by mathematics, there would be many gamblers who would get rich just by having knowledge related to this exact science.
Well, I remember the 2022 Qatar World Cup. There are several members who show predictions from someone who is very skilled in mathematics, even though he doesn't actually predict gambling. However, based on his calculations, Brazil will qualify for the final round. "if I remember correctly." in fact, it was Argentina and France who fought in the final match.

Well, in the end, not all predictions can be calculated using numbers. moreover, those related to sports. because, each game involves many individuals or several participants. Honestly, I won't deny that a method like this might work and be quite effective. However, not everything they do is successful, especially betting on sports that are more complex and complicated than Poker.

[Fortify]

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?

Well mathematics is important to known, but it also tells anyone with experience that most casino games cannot be beaten, especially things like slot games which have a fixed RTP which eventually means you will leak out your whole wallet given enough time. Poker is definitely perfectly positioned for mathematical whiz kids, but they will also need to master the bluffing game as well which involves human psychology. There are some games like blackjack which are also vulnerable to exploitation, but the casino has more visibility of abuse in that game so you'll never get ahead of them long term. There is definitely an opportunity out there for new angles on most skill based games, like the example you highlighted.