Math and Gambling

[AmoreJaz]

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.

if you are talking about poker, yes, i can believe that someone can do good on this game. however, if you are into luck-based games, your math prowess here won't matter.
also, james simons, is a hedge fund manager. his wealth is not entirely coming from gambling per se.  he has the Medallion Fund, so it is not because he is into gambling the reason why he has the billionaire status today. i hope people would not just think that because of gambling these people are enjoying their riches.

[livingfree]

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?

Very wrong.

School is important, if you think that it's not important and you'll just give your kids life lessons with that 4% which making people rich, do that to your kids or to your relatives and tell it to them that school is not important.

It's not just all about making money but school is where we are trained to start being responsible and other basic things for a human being to learn like attitudes.

We admire these gamblers that have been winning with such strategies but don't make it look like people should be dependent to their experiences. Because in reality, they're like few in a millions and not everyone will have the same fortune and luck as theirs.

[Weawant]

It's funny how mathematicians are not good enough at gambling after seeing this, I understood that it's not basically the rigorous kind of mathematics which are . mostly been studied in school it has to be a very simplified arithmetics which some persons seem to understand the principles behind it.

These men too were no doubts lucky at some point because mathematics alone may not have done it for them Enough to turn out billionairs gambling, there must be elements of luck added with a sound strategy which they followed with discipline. If it were to be just mathematics, considering human uncertainties especially with sport games where humans play.rhwy wouldn't turn out right most often.

[Hispo]

It's funny how mathematicians are not good enough at gambling after seeing this, I understood that it's not basically the rigorous kind of mathematics which are . mostly been studied in school it has to be a very simplified arithmetics which some persons seem to understand the principles behind it.

These men too were no doubts lucky at some point because mathematics alone may not have done it for them Enough to turn out billionairs gambling, there must be elements of luck added with a sound strategy which they followed with discipline. If it were to be just mathematics, considering human uncertainties especially with sport games where humans play.rhwy wouldn't turn out right most often.

In my opinion, the more one person knows about mathematics and the laws of probablities it becomes less likely for that person to become a recurrent gambler. Because, when some novice gamblers starts at placing bets or rolling dices, he does not think about the chances he has to big win, only think about the "posibility" instead.
There are gamblers who can be indeed well educated on math and still enjoy the game, but I believe those kind of gambler would not dare to wager as much as an uneducated gambler.

[Huppercase]

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?

When you want to make money, look into the society and find one particular problem and then create a solution to them, you will make a lot of money. Most of these prominent men you mentioned of their creativity using math's to find easy route for gambling actually did the same thing and they made cool money that history will forever remember as we are even discussing right now.

Learning in school is a different concept and squeezing it into use is another concept, they will teach you all need and the rest is left for you to figure out. Look at programming language for instance, you will learn everything from the beginning to the last part and they show you working example but after that, you are left on your own to figure it out what to do with it. This is also why we should hight against people that says school is scam, this not true even in a society where education is poor, the reason why they say this words is to discourage others because they didn't think out of the box to utilize their own skills.

[Juse14]

If someone is good enough at mathematics, then he will never gamble. Because the calculation is certain in gambling, it will only show losses. And a physicist once said "No one can win at roulette unless he steals money from the table and the dealer doesn't notice." which means that there is no single mathematical trick that can help us win at roullet.

So I think that in certain types of gambling we cannot use mathematical tricks in the game, because it will only be in vain and there is no benefit at all. Because this type of gambling has many kinds and types of games, you should be smart in distinguishing which types of gambling require using tricks and which ones only rely on luck.

[Casdinyard]

Most card games are probabilistic in nature anyway, so it makes sense for maths to ppay a major role in a person’s win condition. The problem lies in learning what these probabilities are and harnessing them. To up your chances of winning. These math wizards knew the game to play, and what paramters they needed to tweak in order to maximize their winning potential.

Dana White, although he doesn’t look like it, is completely methodical and mathematical whenever he plays card games which bags him massive wins, it even cane to a point where he’s banned in multiple casinos due to the sheer amount of money he kept winning.

That’s just how things go sometimes. If you know your math, you own the world.

[Onyeeze]

I have not seen  someone  who went to school of gambling and to start with gambling to win a gambling is matters of luck and it's not of how you know gambling, nobody can attest today that he or she knows how to gamble and everything enters together, so I believe if you are a gambler you know one or two ways to man over gambling,  or you know the studies of gambling very well, some people to gamble will be their first time and they will have the opportunity to win a very large amount of gambling why some people have gambling for years but nothing they have gain in gambling

[Cryptomultiplier]

Gambling is often referred to a game of probabilities, logic and luck, because, one has to be able to predict outcomes and results from mere observation of play.  A bit of math is involved in minor calculations, but it's not a main stay or very obvious part of gambling. Even someone who knows no maths or don't like the subject can be as good as someone who does when they understand how gambling games work.

[Chikito]

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?

You could be wrong because gambling math is not the same as you got it in school. When I was in school I studied what is called opportunity lessons. Whatever you count the result is the same 50:50. I even applied the lesson I got on school with dice games, and still the results I got when I compared it with a real game is different from I calculated. So, don't waste the time, just play and don't think too much because it will make you unhappy and didn't enjoy the game.

[gunhell16]

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 my question to you: how and where did you acquire the 4% you're referring to? Yes, I am aware that many people have discovered a means to earn a lot of money, and that many people have improved their lives and lived what we term a rich life.

Also, I can't connect math and gambling to what I do when I gamble at the crypto casino. It's just mine since it's really just for fun; if I'm lucky enough to win, it's fine because I was lucky that day, that's all. I don't think about math or calculation.

[Litzki1990]

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 you are not good at maths then there is no reason for you to think that you are only going to lose at betting, it is wrong to think that if you are not good at maths you cannot win by betting. Gambling certainly requires calculations, but you don't need to have an advanced degree in mathematics to calculate the amount of calculations that will be required, but you can do them in a simple way. Many times our calculations are all right but in the middle our luck doesn't help. A few days ago, Argentina and Uruguay played there, but in the calculation, Argentina advanced, but in the performance of the field, Argentina was defeated, that is, luck played a very important role here. So there's no need to get frustrated thinking that you're not good at math, apply your strategy properly, even if you don't know good math, you'll be successful in gambling.

[Hispo]

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 think about math or calculation.

Because you neither trying to defeat the casino nor break the system by earning money consistently out the casino. It is the same story every time someone attempts to use math in their benefit, ignoring all casinos already sorted it all out and have made with own calculations, their profits comes from it, obviously.
You have a what I would call to be a healthy approach to gambling, though, I won't lie: whenever I have had a specially bad or good streak rolling dices or in blackjack I feel tempted to calculare (using some simple statistics equations) what percentages I had to pull that streak off.
I guess it is easier to calculate after a bad luck streak rather than a good one, no one cares about the chances after getting the money, but the money itself.

[Natsuu]

Well it's true that not every piece of information learned in school may directly apply to one's career but education provides a foundation for critical thinking, problem-solving and a broad understanding of the world right? Math skills, for example, can be valuable in many professions beyond gambling, contributing to analytical abilities in various real life problems. The importance of education goes beyond just making money. I mean math and gambling arent dependent to each other. Anyone can excel on either alone.

[wxa7115]

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?

This is not really surprising for those that have been aware of the truth for a long time, poker is categorized as a game of skill despite the high level of luck occurring in the game, and as such it is not surprising that the best poker players around the world are making fortune with it.

However I do not agree with your argument that school is not important, now it is true that a great deal of what you learn there may not make you money, but there are many skills that you will use everyday, after all to be that good at such advanced math you need to dominate the most basic math first, and that is something you learn at school.

[Josefjix]

Well it's true that not every piece of information learned in school may directly apply to one's career but education provides a foundation for critical thinking, problem-solving and a broad understanding of the world right? Math skills, for example, can be valuable in many professions beyond gambling, contributing to analytical abilities in various real life problems. The importance of education goes beyond just making money. I mean math and gambling arent dependent to each other. Anyone can excel on either alone.

We become educated on how the space operates and ensure we are on the right path because that's basically were winnings heads up to.  We engaged in critical thinking and bring innovative ideas into existence with the calculated efforts exerted on the system and games. Maths and Gmabling do rhyme to me because it involves numbers and other analytical data that's simplified with codes and odds, accompanied with good maths calculations, it wouldn't be difficult solving the problems that deals with odds, profits and losses in the system.

[Poker Player]

This is only applicable on games like Poker, Blackjack(Standard Deck and Sports book which the result can calculated through probability which you can use to your advantage. Most of the guy that you mention excel on poker which means they are relying on dominating other people instead of the house.

But the regular gambling games offer by the casino is based on pure luck which this skills in math is not an advantage. Also even skill based game like poker, there’s no guarantee for profit even if you are good on math because there’s always someone that is much better to you.

Thank goodness there is someone in this section who knows what he is talking about, until now I had seen a lot of bullshit starting with the OP, who mixes gambling with poker, as if you could win at roulette by studying mathematics as well. For example:

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.

This is just nonsense and as I said, it mixes gambling in general with poker.

[dezoel]

It depends on what someone is playing. Poker has always been a game of skills more than luck, and we all know that where skills matter, you can do wonders if you master those skills and that's probably what these people did since they knew the game and what goes behind and they mastered the art to the fullest and made use of their skills and strategies they have created based on calculations and whatever other methods they used and they gained success.

However, if someone is playing a game where there are no skills involved and one cannot even predict the outcome of a bet no matter how many mathematical skills they use or make any strategies because the outcome is random and it isn't something that is repeated so that you can make calculations and base your bets accordingly.

[len01]

I have known for a long time that the game of poker is a card game that is really purely based on the mathematical knowledge that we have.
I mean poker is a casino game that really relies on your skills to be able to beat other gamblers in various ways and more precisely, how good your knowledge of mathematics is, it will definitely be very useful because if we are smarter at calculating we can definitely be a little smarter at processing cards that we hold to be able to win in every betting session.

so since the beginning of time, poker has always been a mainstay game for gamblers to make a profit or to earn money with the skills they have, even though there is a little luck involved, the percentage is very small and what is more important is just skill.

[ethereumhunter]

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?

Big opportunities are given to better teams, and that often happens. Still, we also have to be wary of teams that look weak because these teams can actually provide a better performance than the opposing team. This is what can reverse the situation in the match so that we cannot win and only experience defeat. When placing a bet, we also have to take this into account because most gamblers still underestimate the possibility of a reversal of the situation for each team so what they place cannot actually result in a win. For this reason, we have to look for more information so that we know the real situation of each team and make it easier for us to bet on the right team.

If you are not good at maths then there is no reason for you to think that you are only going to lose at betting, it is wrong to think that if you are not good at maths you cannot win by betting. Gambling certainly requires calculations, but you don't need to have an advanced degree in mathematics to calculate the amount of calculations that will be required, but you can do them in a simple way. Many times our calculations are all right but in the middle our luck doesn't help. A few days ago, Argentina and Uruguay played there, but in the calculation, Argentina advanced, but in the performance of the field, Argentina was defeated, that is, luck played a very important role here. So there's no need to get frustrated thinking that you're not good at math, apply your strategy properly, even if you don't know good math, you'll be successful in gambling.

Yes, you are right in what you say because, in a match, there will definitely be surprises beyond our expectations so we also have to take this into account. Maybe what I do is compare the data without calculating using mathematics, which is too complicated, so I use basic mathematics. It can also give an idea about each team, especially since I can get a lot of accurate information so that I can choose a team that has a bigger chance than the opposing team. I also often pay attention to teams that are not favored because, often, these teams can provide a better performance, especially when playing. They don't look like they have a heavy burden. They can perform well and win against their favorite team.