Math and Gambling

[ethereumhunter]

I don't think that mathematics is related to gambling, because if it is related today we have seen that many genius mathematicians gamble and win in casinos, but unfortunately so far there are none. So gambling is still related to luck and skill, mathematics is only the umpteenth factor, not the biggest factor.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

But people who are not good at mathematics can win some money from gambling because they get lucky. Those of us who only use gambling as entertainment don't need to think about things because it can be confusing for us, especially since we don't chase victory like other people. We just need to enjoy gambling as we should and whether it's experience, skill, or intelligence in understanding mathematics, we need luck and that means we have to be able to relax when playing gambling. Otherwise, we will not be able to enjoy gambling but there will only be the desire to win, which can lead to greed or a lot of losses.

[Crypt0Gore]

Math is only going work if the game is based on calculation, a good example is poker, but I am not so good in math and I believe that's same with many people, there is a different between someone who knows math and someone who is a math genius, the example of what OP is talking about is math genius.

I believe that Blackjack also uses basic math to determine the best way to make each hand decisions, still losses is still present, but understanding math can increase your chances of winning, what I can't figure out is if this will benefit gamblers who gamble online or offline.

If you are gambling for fun you don't need to stress yourself out using math, I choose slots game for this reasons, I don't want to be stressed as I have other stressful things I engage with everyday in my business.

[Ever-young]

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?

Technically, there are games that requires you to use your skill and IQ to defeat your opponents but not all games, so yes there are games you can use mathematics skills to win, just like he poker, you need skills and experience too to be able to outsmart and be one step of your opponents. But know this is only applicable to specific sports and games and not all, let's say soccer for instance, I don't see how maths skill would actually be of help when making analysis on soccer games.

[Litzki1990]

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Some calculations may require the help of mathematics, but to calculate the calculations required in gambling, one must have the concept of general mathematics. On the way, we all have a rough idea about mathematics, since we have a rough idea about mathematics, we can use that idea in the calculation of gambling. Before accounting, the most important thing for gambling is to have enough knowledge about gambling and luck. If we have the right idea about gambling then we will stay away from gambling first. Besides having knowledge of gambling, luck must be on our side.

[Mr.suevie]

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Some calculations may require the help of mathematics, but to calculate the calculations required in gambling, one must have the concept of general mathematics. On the way, we all have a rough idea about mathematics, since we have a rough idea about mathematics, we can use that idea in the calculation of gambling. Before accounting, the most important thing for gambling is to have enough knowledge about gambling and luck. If we have the right idea about gambling then we will stay away from gambling first. Besides having knowledge of gambling, luck must be on our side.

It's really funny how people tend to believe that they can actually calculate their way to winning because with all my experience and years of gambling, I would like to argue that this thought to some extent is totally false and doesn't seem to play out whatsoever because the gambling I know of, it's going to be very hard to calculate the outcome of a certain result and even if it's actually done, the cases will be very rare and if you would come to dissect the whole thing it would still be as randomly playing and luck being the core factor.

[Latviand]

If you can do mental maths like Ferguson and Simons then sure math and gambling definitely goes hand in hand but if you're not a savant like them then it's going to be the same for you and everyone else, all of us will have the same luck and chances in winning in gambling so I don't advice that you should bank on the fact that there's math in gambling and that you can use it because it's difficult to do math if you're not good at it and you can't do it mentally, unless they allow calculators when you're playing then go for it I guess, you could probably use math the most efficient if you are playing lottery, since you can just take your time doing the calculations to pick the right numbers.

[noormcs5]

I don't think that mathematics is related to gambling, because if it is related today we have seen that many genius mathematicians gamble and win in casinos, but unfortunately so far there are none. So gambling is still related to luck and skill, mathematics is only the umpteenth factor, not the biggest factor.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

But people who are not good at mathematics can win some money from gambling because they get lucky. Those of us who only use gambling as entertainment don't need to think about things because it can be confusing for us, especially since we don't chase victory like other people. We just need to enjoy gambling as we should and whether it's experience, skill, or intelligence in understanding mathematics, we need luck and that means we have to be able to relax when playing gambling. Otherwise, we will not be able to enjoy gambling but there will only be the desire to win, which can lead to greed or a lot of losses.

Does math really work in gambling? i don't think so. Even probability and statistics are hard to work in gambling. In any other field, you may gather the previous data, compile it and try to find the future outcome but here in gambling games, no probability will work because every game has its own luck and you cannot measure or predict luck. It is natural and not predictable.

The strange thing is that no matter how much you are intelligent or have experience, nothing matters at all, nothing stands in front of luck. The most dump person can have good luck and become a millionaire from gambling.

[348Judah]

Technically, there are games that requires you to use your skill and IQ to defeat your opponents but not all games, so yes there are games you can use mathematics skills to win, just like he poker, you need skills and experience too to be able to outsmart and be one step of your opponents. But know this is only applicable to specific sports and games and not all, let's say soccer for instance, I don't see how maths skill would actually be of help when making analysis on soccer games.

You're right, we sometimes need to make use of our mathematical skills to determine the way we gamble and make some bets, especially on those that often deals with randomization of numbers, gambling needs us to be totally honest with the way we planed the games we play and when to play such, we must be calculative in the way we gamble, this will also increases our chances of getting higher edge over time winning in most cases on how we gamble.

[Japinat]

this will also increases our chances of getting higher edge over time winning in most cases on how we gamble.

I doubt the edge will increase if we are playing against the house which has a house edge.

It's known to us that games with house edge aren't winnableo on the side of the gamblers, at least in the long run. So the best benefit we could rip from having a good math in our game is to stay realistic and being able to manage the risk, there's no other benefits aside from that, unless we're up to a level of skilled based games.

[zuzie]

I don't think that mathematics is related to gambling, because if it is related today we have seen that many genius mathematicians gamble and win in casinos, but unfortunately so far there are none. So gambling is still related to luck and skill, mathematics is only the umpteenth factor, not the biggest factor.

Agree with you, in my opinion mathematics has nothing to do with gambling, in the sense that no matter how smart someone is at studying, it doesn't necessarily mean they will be good at gambling. This means that gambling requires experience and skill and to perfect it you also need intelligence in good thinking so that you are not easily influenced by gambling games and we need to remember that gambling is just luck that can be obtained by anyone, both smart people and people who are not smart.

But people who are not good at mathematics can win some money from gambling because they get lucky. Those of us who only use gambling as entertainment don't need to think about things because it can be confusing for us, especially since we don't chase victory like other people. We just need to enjoy gambling as we should and whether it's experience, skill, or intelligence in understanding mathematics, we need luck and that means we have to be able to relax when playing gambling. Otherwise, we will not be able to enjoy gambling but there will only be the desire to win, which can lead to greed or a lot of losses.

That's right, and I've also said before that gambling is just luck that anyone will get, be it a smart person, a rich person, a poor person, and only then will he achieve it, whether tomorrow or the day after, it's not certain that he will get it again.
Agree with you, if we consider gambling as entertainment for ourselves then we will enjoy the sensation in it, not to chase victory but to seek experience and pleasure.
However, if we make the mistake of gambling by being too obsessed with chasing victory, then it is true that we will definitely experience greed and that is very dangerous for our lives later.

[Gozie51]

I am mad that I am just knowing this not too long ago.

I hope you have been able to win some jackpots from then you got to know to this time around.  

So maybe he probably has such gift to do whatever calculation on the game he is gambling. Moreover, math is not new to gambling. Even in soccer, when you analyse the games, take some analysis like head to head, last five matches, away and home performance etc, I believe it is math when you come to soccer also if you do all that because you are going to be careful and taking calculation of the team performance home and away, both for the team and their opponents.

[hedgeh0g]

I am mad that I am just knowing this not too long ago.

I hope you have been able to win some jackpots from then you got to know to this time around.  

So maybe he probably has such gift to do whatever calculation on the game he is gambling. Moreover, math is not new to gambling. Even in soccer, when you analyse the games, take some analysis like head to head, last five matches, away and home performance etc, I believe it is math when you come to soccer also if you do all that because you are going to be careful and taking calculation of the team performance home and away, both for the team and their opponents.

In football matches like this, I would put math on the back burner. In order to beat the analytical data of the computer that issued the odds for a football team to win, we must know everything about each player and statistical indicators so thoroughly that we can see the inefficiencies of the odds set. This is theoretical, but practically we cannot know about the hidden injuries or mood of each player. Therefore, we can only get closer, but never over a long period of time will we beat the statistical machine that gives odds for a team to win.

[oktana]

What I know is that gambling is probability, which is a topic in mathematics, we also have Permutation and Combination which also is included in gambling. Let’s say you’re playing a roll dice game, you’ll be able to know what your odds of winning are. Even in poker, if you’re able to calculate the number of possible combinations of cards, you will be able to tell your chance of getting a certain hand. But this doesn’t mean that your game isn’t based on luck because after all the calculations, luck will come in.

Some calculations may require the help of mathematics, but to calculate the calculations required in gambling, one must have the concept of general mathematics. On the way, we all have a rough idea about mathematics, since we have a rough idea about mathematics, we can use that idea in the calculation of gambling. Before accounting, the most important thing for gambling is to have enough knowledge about gambling and luck. If we have the right idea about gambling then we will stay away from gambling first. Besides having knowledge of gambling, luck must be on our side.

It's really funny how people tend to believe that they can actually calculate their way to winning because with all my experience and years of gambling, I would like to argue that this thought to some extent is totally false and doesn't seem to play out whatsoever because the gambling I know of, it's going to be very hard to calculate the outcome of a certain result and even if it's actually done, the cases will be very rare and if you would come to dissect the whole thing it would still be as randomly playing and luck being the core factor.

I used to do football betting and let me tell you how I select a team that will win. I go through both teams previous matches, look at their percentage of wins and losses generally, then I check if both teams have met before, I also take into consideration who won. With all that information, I can predict who will likely win the match without necessarily knowing who the team members are. So, isn’t that statistics? Thats calculation mate. Yes, the team with the better stats may not win, but that calculation is better and give you a better ground that someone saying it’s entirely luck and blindly chooses any of the two teams just because it’s “50/50”

[Westinhome]

For poker-based gambling, yes, because poker is a math game at its core, so in my opinion poker games involve a person's skills in playing that use math as their expertise to be able to get a win, also the skills that are played must be good because they will determine the future course of this poker game, unlike slot gambling.

Slot gambling in my opinion does not have to have skills that are prioritized, let alone math. Because slot gambling only relies on luck that will determine whether or not you win. I've seen someone who doesn't know slot gambling well, he does it by default and before long he makes his friends dumbfounded because he hits the jackpot. the other side is a person who has been gambling for a long time with a lot of experience, they will not get a big win if they are not lucky, no matter how good their game is in the end it will lead to luck too.

The poker gambling was based on the math and the probability of cards,So one can easily fix the result using their math knowledge.The gambler also accept the thing,the many players was in the same game and we don't know the exact cards in their hand.Due to shuffle of the cards,one can have 4-5 jokers and with the Rummy he can make the show.

But the game we are laying in the online,So some gambler will blame the website for the short win by the particular person play along with them.This was the one of the biggest criticisms in the black jack and any poker game based gambling site.But the gambler are not ready to do the wide mindset of the game.So they will understand the winner of the poker game based on the card given to them and not gambling site make the fake win in the gambling sites.

[lionheart78]

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.

I believe this is more on card counting, if a person is able to count cards that is drawn and calculate the card in the hands of people, he might be able to somehow know the probability of the next card.  Expert card counter are often shut off in poker games in casino because they are able to win everytime.

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.

Not on the games that require skill such as sports betting and poker.  Card counting is a skill frowned by any casino poker dealers.

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 do not know what is the relevant of school in this topic but saying 96% of what we learned can't be used in real world is just exaggeration.  The history, math, theories are often used to produce another inventions and new creations, it is also reference for innovations so without school that teaches the foundation of knowledge specifically mathematics a person will have difficulty in dealing with his daily activities, besides career are often based on what we have learned during the college years and our specialization. 

[dothebeats]

Jim Simons is more of an investor rather than a gambler. He earned his billions with his investments and hedge funds. He only became a big baller when he already got the dough to back most of his predictions, so his education heavily propelled his success and not just luck that most gambling games require in order to beat it. He used computing and statistics to his advantage to get where he is right now, and if it isn't dictated by his education then I don't know what is.

Chris, on the other hand, is really an adept when it comes to poker. He's also a computer scientist so you can tell that his education also backed his success to what he does.

[junder]

For poker-based gambling, yes, because poker is a math game at its core, so in my opinion poker games involve a person's skills in playing that use math as their expertise to be able to get a win, also the skills that are played must be good because they will determine the future course of this poker game, unlike slot gambling.

Slot gambling in my opinion does not have to have skills that are prioritized, let alone math. Because slot gambling only relies on luck that will determine whether or not you win. I've seen someone who doesn't know slot gambling well, he does it by default and before long he makes his friends dumbfounded because he hits the jackpot. the other side is a person who has been gambling for a long time with a lot of experience, they will not get a big win if they are not lucky, no matter how good their game is in the end it will lead to luck too.

The poker gambling was based on the math and the probability of cards,So one can easily fix the result using their math knowledge.The gambler also accept the thing,the many players was in the same game and we don't know the exact cards in their hand.Due to shuffle of the cards,one can have 4-5 jokers and with the Rummy he can make the show.

But the game we are laying in the online,So some gambler will blame the website for the short win by the particular person play along with them.This was the one of the biggest criticisms in the black jack and any poker game based gambling site.But the gambler are not ready to do the wide mindset of the game.So they will understand the winner of the poker game based on the card given to them and not gambling site make the fake win in the gambling sites.

I myself don't really understand poker gambling, because I don't have a skill base in math, so I only play slot gambling which doesn't prioritize skills just know enough and rely on luck. Also I have no interest in poker for some reason I prefer slot gambling, maybe also because of the absence of skills in math.

It is possible to play slot gambling by many people, not knowing gender, especially with the current online slot gambling that is busy, everyone can play it men, women, parents, young people can all play it. Unlike poker, where they can play it but if they don't have math skills it will make them likely to lose.

[alegotardo]

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 depends!

In some games math won't help you at all, but in others like dice or cards they will help you a lot if you're good at math.
The idea behind this advantage consists of forming a set with all possible outcomes in a game and, from this set, quantifying the results that are favorable or not in a given outcome.
When the player has all the necessary information and is able to measure this outcome of probabilities, it is possible to check the proportion between favorable or unfavorable results and compare them with other game objectives to make the best bet, bluff or know if the opponent is bluffing, and in some cases even knows exactly what is the only possible outcome of a game that apparently has not yet been revealed.

If you are interested in this, I advise you to study Pascal's triangle... it is very useful when we want to know the number of ways in which we can select a number of elements from a set that has an equal or greater amount of elements. Before using mathematics to play, you need to know this important mathematical tool.

[ethereumhunter]

Does math really work in gambling? i don't think so. Even probability and statistics are hard to work in gambling. In any other field, you may gather the previous data, compile it and try to find the future outcome but here in gambling games, no probability will work because every game has its own luck and you cannot measure or predict luck. It is natural and not predictable.

The strange thing is that no matter how much you are intelligent or have experience, nothing matters at all, nothing stands in front of luck. The most dump person can have good luck and become a millionaire from gambling.

I don't know either because I never thought about how to use mathematics in gambling. Maybe mathematics is needed to calculate the percentage of luck or potential winnings they can get. But again, that's only for people who know how to use mathematics to gamble. Meanwhile, those of us who don't know should continue gambling as usual and not think too much about mathematics in gambling games.

Yes, luck will come to people who deserve it and it can indeed help people become millionaires from gambling. But we can't chase luck because we don't know when luck will come to us.

That's right, and I've also said before that gambling is just luck that anyone will get, be it a smart person, a rich person, a poor person, and only then will he achieve it, whether tomorrow or the day after, it's not certain that he will get it again.
Agree with you, if we consider gambling as entertainment for ourselves then we will enjoy the sensation in it, not to chase victory but to seek experience and pleasure.
However, if we make the mistake of gambling by being too obsessed with chasing victory, then it is true that we will definitely experience greed and that is very dangerous for our lives later.

Everyone can get lucky when the time comes but we will never know when the time will come when we can get lucky. But we also can't continue gambling because that will definitely require a lot of money so it can cause us to experience a lot of losses. Maybe we can manage our gambling time along with the allocated funds that we prepare so that we don't gamble too often while we wait for our luck to come. And after luck comes, we don't need to chase it anymore because we don't know whether luck is still with us in the next round or has gone. We only need to gamble enough so as not to lose a lot of money because that is a precaution we can take.

[piebeyb]

Yes, luck will come to people who deserve it and it can indeed help people become millionaires from gambling. But we can't chase luck because we don't know when luck will come to us.

Luck cannot be sought because luck comes to the right and chosen people, that's why don't expect to get luck when gambling, let alone seeing other people lucky to get big wins, after all luck cannot be copied and that's why its arrival cannot be predicted. Playing gambling should be enjoyed, don't think too much that you can beat the dealer easily even if you are an expert in mathematics.

Everyone can feel confident that the dealer can be beaten easily using artificial intelligence or mathematics, it will not be possible because the dealer is much more likely to use something more sophisticated to win the casino, so don't expect luck and other things when gambling because it is clearly a mistake, It's true that every gambler can definitely become a millionaire, but not many of us will meet and be that lucky.