Math and Gambling

[madnessteat]

You can't win gambling if you only know math. Gambling requires luck to win. Because we have seen that sometimes strong teams lose to weak teams. So it is wrong to say that only maths is required to win at gambling, you need both luck, maths and skill to win at gambling.

Not all gamblers know complicated maths but many knows only the basic like knowing the odds and calculating if how much rolls they can do to their designated capital. Despite of that, they can still be able to win because all of us has a luck and luck can come naturally. Maybe some are also skilful. That can contribute as well.

Skills and maths are I think more important in some gambling games, or gambling categories (e.g sports betting). While for the other, luck is the one that is more important. This is why it is being preferred by the many because it is effortless. And we know that it's natural for us humans to be lazy and poor in critical thinking .

Of course knowledge of math and good memory give a gambler an advantage over other players, but as I think not all of us can have such skills. I do not know if they can be trained, but I tried as much as I have not succeeded. I only increased my level thanks to a more restrained approach to gambling and accepting losses.

[Accardo]

You can't win gambling if you only know math. Gambling requires luck to win. Because we have seen that sometimes strong teams lose to weak teams. So it is wrong to say that only maths is required to win at gambling, you need both luck, maths and skill to win at gambling.

Not all gamblers know complicated maths but many knows only the basic like knowing the odds and calculating if how much rolls they can do to their designated capital. Despite of that, they can still be able to win because all of us has a luck and luck can come naturally. Maybe some are also skilful. That can contribute as well.

Skills and maths are I think more important in some gambling games, or gambling categories (e.g sports betting). While for the other, luck is the one that is more important. This is why it is being preferred by the many because it is effortless. And we know that it's natural for us humans to be lazy and poor in critical thinking .

Yeah, mathematics has a gambling formula, in which mathematicians use probability to decide whether to place a bet or not. Especially in sports games. I've been around some mathematical forums where dice are manipulated using mathematical formulas. The odds are also calculated using math. This shows how glued gambling is to mathematics. It only gets better for intelligent mathematicians who can apply simple formulas before staking bets. Although not all games like blackjack can be won using mathematical methods. However, it requires time to become an expert in using those formulas. Not every gambler can utilize such an advantage in gambling. But, like Op said many gamblers quite have higher chances of winning big in gambling, using math. Luck is for nonmathematical experts, who still comprise of a huge number of gamblers across the world. However, those math experts still lose out in gambling, not that their formulas always predict games the right way.

[mvdheuvel1983]

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?

Hey mate, I do not know about math and gambling but this I know is that with all the knowledge of math any gambler without a proper bank roll management, risk management, time management will still lose. If you know math and choose to wager with money that you cannot afford to lose, you will still lose and be in a bad shape.

Right now, gambling is all for fun. Those who use some mathematical formula for gambling are not having fun. For them gambling is a profession or a career where they have to win. It is a source of income for them. I don't do that. I stay within my gambling limits and strategies and leave whether I win or lose.

[qwertyup23]

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

I do think that Math plays a huge part in knowing the probabilities of each game. With this in mind, you can at least be knowledgeable on what cards that are most likely to appear by basing your decision on the highest chance of draw.

While this may be possible like what OP mentioned, in reality, this is very difficult to master and it requires tremendous knowledge and calculation on the part of the person gambling. Again, if it were that easy, then everyone would have done it by now and majority of these gamblers would be rich.

Though this may be the case, I do think that we should NOT use this as our basis in gambling. While math may be applied, the reality is that only 1% of the population would profit from gambling by employing such technique.

[Woodie]

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,

Jesus....
Computer science,PHD what do we expect..the man knows his math and Am officially a fan of this guy but his reputation is dented with those Ponzi scheme allegations of swindling other poker players !!

I think it's safe to say everything we do has math in it and the fact that pro gamblers use it shows the numbers do stack up in their favour and by the way, whatever strategy these guys use is pretty much dressed as math in disguise and not luck, luck is for armatures  

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?

Totally agree, very few of us know how to crunch up the numbers to use math to our advantage as we have been made to rely on luck which isn't the case, let's learn the art of making our own luck and this comes as a result of math a reason why strategies such as arbitrage are successful is because the math works  

[wiss19]

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

Movies are fictional, and most of the things shown in them are imaginative thinking and creation and not what can happen in the real world. However, I do agree that there can be some games in gambling where a sharp-minded person might have an advantage over someone normal, but that doesn't mean that a person who has a lot of mathematical skills will be able to make calculations and beat the house every single time, that's at least not possible in an online gambling platform because of the results being cryptographically and randomly generated using seeds and RNGs.

So, I don't believe that a person can win a lot of money in gambling if they are good at mathematics or calculations or just have sharp and good memories, gambling, especially gambling games, is based on luck and one can only be successful in them if they are extremely lucky.

[goxcraft]

I always wondered is gambling purely a game of luck. But now that you have created this topic I began to question myself. You are correct. Math has a big role in gambling. When we talk about winning and loosing probability, math comes first. I think gambling and math co exist for each other. But there is another problem. We are not that genius like the people you mentioned earlier, Chris Ferguson or James Simons. They were born genius. It's not something we can master in a day. Ever since I was a kid I was very weak at math.

[Westinhome]

Movies are fictional, and most of the things shown in them are imaginative thinking and creation and not what can happen in the real world. However, I do agree that there can be some games in gambling where a sharp-minded person might have an advantage over someone normal, but that doesn't mean that a person who has a lot of mathematical skills will be able to make calculations and beat the house every single time, that's at least not possible in an online gambling platform because of the results being cryptographically and randomly generated using seeds and RNGs.

So, I don't believe that a person can win a lot of money in gambling if they are good at mathematics or calculations or just have sharp and good memories, gambling, especially gambling games, is based on luck and one can only be successful in them if they are extremely lucky.

The movie are not all of them was made only by the imagination,this generation had the unique ability to recreate the original incident in to the movie.The gamblers who want to shine in the gambling had no other option then making the risk in the game.Some of the gamblers will be inactive in the gambling after some loss in the game.The important factor was the gamblers should not inactive for the longer period,then it leads to the forgot of their own tactics to the gambling.The tactical move in the gambling plays huge role in the gambling,So the gamblers can make the big win using the tactics in the gambling site.

[swogerino]

I always wondered is gambling purely a game of luck. But now that you have created this topic I began to question myself. You are correct. Math has a big role in gambling. When we talk about winning and loosing probability, math comes first. I think gambling and math co exist for each other. But there is another problem. We are not that genius like the people you mentioned earlier, Chris Ferguson or James Simons. They were born genius. It's not something we can master in a day. Ever since I was a kid I was very weak at math.

Well I think math and statistic together with probability which now is a profession that we call a "Data scientist" which in the end of the day is just an advanced statistician can help especially in sport betting if you are crazy enough to keep track of all results of every single week of the games where you place the bets the most.I know statistics are just that statistics but sometimes those help you decide to go for money line,over or both teams to score for example,or if a certain team has never or almost never won a head to head with another team you can place a huge bet on that team to "win to nil no" bet.In the end though luck is prevalent and without it you can be the greatest scientist on earth,or greatest math practitioner and you will still lose.

[letteredhub]

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

There are casino games that requires great indeptt of mathematical knowledge,  that if the gambler has so much prowess in mathematics he will most often win the house in their own game. And casinos are always suspicious of those accounts.
The ending part of your comment @summonerrk, is nothing but a bitter-truth that in any form it takes the house always has the hedge over the gambler and they will do everything necessarily possible to keep it that way even if it means banning the gambler (who has been constantly winning) from using their site because they see the account  as bad business to the casino.

[wheelz1200]

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?

Poker is a more a sport than gambling.  Yes there are odds (math) that ypu need to kmwo if ypu are gonna win successfully at poker and it can be done.  I put poker in a whole other subject than true gambling like sports betting, slots, roulette etc.  Those you are betting against the house which always has the odds in theor favor and poker ypu are playing against other players.  Huge difference.

[lionheart78]

You can't win gambling if you only know math. Gambling requires luck to win. Because we have seen that sometimes strong teams lose to weak teams. So it is wrong to say that only maths is required to win at gambling, you need both luck, maths and skill to win at gambling.

Not all gamblers know complicated maths but many knows only the basic like knowing the odds and calculating if how much rolls they can do to their designated capital. Despite of that, they can still be able to win because all of us has a luck and luck can come naturally. Maybe some are also skilful. That can contribute as well.

A gambler is able to win because of the chance to hit the probability of winnings.  No one can precisely calculate if the will win the roll or not, what they can calculate is the percentage of winnings or the probability statistics to win a roll.

Skills and maths are I think more important in some gambling games, or gambling categories (e.g sports betting). While for the other, luck is the one that is more important. This is why it is being preferred by the many because it is effortless. And we know that it's natural for us humans to be lazy and poor in critical thinking .

If you consider self-discipline as a skill then yes, it is very important in any gambling game.  Responsible gambling is the one that will make us avoid financial problems and those gambler who is able to maintain their financial capability can enjoy the gambling activity more.

If math is very important in gambling and the calculation of the possibility of winning, no one should be playing slots because the chance of winning there is somehow very low especially if we stake to one slot game too much.  In sports betting, analysis is the most important.  Obviously math is needed since we have to calculate the percentage of each teams statistics.

[Litzki1990]

While we are gambling, we need to be very calculative, there are instances or some certain situations that we need to have the mathematical calculations in making some bet on related games where such is applicable or needed, however, we should not also always rely on the fact that what we have calculated is always right because sometimes things doesn't work from the way we see them or apply solution to them, but we just need to be calculative in gambling because it will still helps in other ways.

We definitely need accounting on the way in life, but we can all do accounting as much as we need accounting. I am a gambler and I gamble, gambling requires accounting but I don't see the need for so much accounting. The amount of calculation required in gambling is generally known to everyone and can be done by everyone. From what I have experienced, it seems to me that there is no way to say that someone who has no understanding of mathematics cannot gamble, rather a gambler with no understanding of mathematics can gamble if he has basic arithmetic skills. I have learned a lot of maths since childhood but we don't need it, we only need some simple addition, simple subtraction, simple multiplication, simple division.

[zuzie]

Yes, just try and hope to win, gamblers will do anything to make their wishes come true, even if they behave badly or wrongly they will do it and this has been proven to be done by gamblers when they are in casinos without them realizing it. they will lose control and gamble without any restrictions.
That's right, gamblers don't need to spend a lot of money to bet, it's better to just be satisfied with what they have, so that they can enjoy every game they play in a relaxed and unforced manner then they will enjoy the sensation of gambling, namely getting entertainment and thinking that win or lose is bound to happen.

Hopefully, we won't be like those who do anything just to win from gambling. We won't realize the mistakes we have made if we are in a condition like them because we won't realize it. That is why we must continue to maintain good self-control so that we do not gamble excessively. This is also to reduce the number of losses we can experience because by gambling within limits, we will know when it is time to stop gambling.

Yes, we as gamblers should be able to enjoy gambling as entertainment and not chase wins that are definitely difficult to get. We have also seen that many people try it but most of them fail and they can't even win at all and lose all their money. And if we can enjoy gambling as entertainment, we can use our free time to gamble until the time to stop comes. Who knows, by using gambling as entertainment, we can win even if it's not a big win.

Agree with you, hopefully we stay away from traits or behavior like that which will damage or make life worse in the future, even though it is very difficult and easy to say, we must try as much as possible to maintain control and always be careful in every decision we make. .

Of course bro, enjoying gambling as entertainment is a good step, apart from having fun and filling free time, we don't focus too much on winning, so we will play in a relaxed manner and not place too many bets, so the losses won't be too much. .

[ethereumhunter]

Agree with you, hopefully we stay away from traits or behavior like that which will damage or make life worse in the future, even though it is very difficult and easy to say, we must try as much as possible to maintain control and always be careful in every decision we make. .

Of course bro, enjoying gambling as entertainment is a good step, apart from having fun and filling free time, we don't focus too much on winning, so we will play in a relaxed manner and not place too many bets, so the losses won't be too much. .

Yes, hopefully we will not experience any difficulties while we are gambling and can prevent ourselves from being addicted to gambling so that we can enjoy gambling as we should and will not chase anything from gambling. When playing gambling, we don't need to be too serious and just need to enjoy it so that we can get entertainment from gambling.

By enjoying gambling as it is, we will do more things that are more useful. We also won't gamble too often to avoid gambling addiction. That's what we have to do when gambling so that we don't experience any problems.

[Blitzboy]

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

Movies are fictional, and most of the things shown in them are imaginative thinking and creation and not what can happen in the real world. However, I do agree that there can be some games in gambling where a sharp-minded person might have an advantage over someone normal, but that doesn't mean that a person who has a lot of mathematical skills will be able to make calculations and beat the house every single time, that's at least not possible in an online gambling platform because of the results being cryptographically and randomly generated using seeds and RNGs.

So, I don't believe that a person can win a lot of money in gambling if they are good at mathematics or calculations or just have sharp and good memories, gambling, especially gambling games, is based on luck and one can only be successful in them if they are extremely lucky.

I agree that movies often misrepresent gambling. Its a myth that smart people and mathematicians can beat online gambling systems. Why? Because internet platforms use RNGs, results are cryptographically random and unreliable. An fascinating idea: what about gambling's human element?

Skill and memory may not ensure victory against the house, but they can help you decide when to bet or fold. Gambling is mostly luck-based, though. Isnt it a problem to focus on competence in a chance-ruled domain? While skill is important, luck and randomness rule gambling. We must remember this to avoid the illusion of control.

[summonerrk]

It is quite possible that among all of us there are those who are excellent at mental arithmetic, and there are many films about this, where people with such abilities are well prepared and go to win at the casino. Sometimes they even form groups to make it easier to earn money this way.
But we should not exclude the fact that the casino security service employs people with an excellent analytical mind. And their main duty is to ban players who can make losses for the casino with their minds.

Movies are fictional, and most of the things shown in them are imaginative thinking and creation and not what can happen in the real world. However, I do agree that there can be some games in gambling where a sharp-minded person might have an advantage over someone normal, but that doesn't mean that a person who has a lot of mathematical skills will be able to make calculations and beat the house every single time, that's at least not possible in an online gambling platform because of the results being cryptographically and randomly generated using seeds and RNGs.

So, I don't believe that a person can win a lot of money in gambling if they are good at mathematics or calculations or just have sharp and good memories, gambling, especially gambling games, is based on luck and one can only be successful in them if they are extremely lucky.

Yes, but gambling also includes, for example, blackjack. There's a lot of mathematical stuff out there, and I'm sure this game has been calculated for a long time and this information can be found. Also, the poker preflop stage is easy to calculate, I wrote a program about it on Android and published it on the Internet.
And I'm sure you've heard of people who have great memories, my friends have such a cousin. He is an excellent programmer (he works at Microsoft in England) and can keep an incredible amount of information in his head. I'm sure if he wanted to make money at blackjack or poker, he would have done it with ease.

[EarnOnVictor]

Yes, just try and hope to win, gamblers will do anything to make their wishes come true, even if they behave badly or wrongly they will do it and this has been proven to be done by gamblers when they are in casinos without them realizing it. they will lose control and gamble without any restrictions.
That's right, gamblers don't need to spend a lot of money to bet, it's better to just be satisfied with what they have, so that they can enjoy every game they play in a relaxed and unforced manner then they will enjoy the sensation of gambling, namely getting entertainment and thinking that win or lose is bound to happen.

Hopefully, we won't be like those who do anything just to win from gambling. We won't realize the mistakes we have made if we are in a condition like them because we won't realize it. That is why we must continue to maintain good self-control so that we do not gamble excessively. This is also to reduce the number of losses we can experience because by gambling within limits, we will know when it is time to stop gambling.

Yes, we as gamblers should be able to enjoy gambling as entertainment and not chase wins that are definitely difficult to get. We have also seen that many people try it but most of them fail and they can't even win at all and lose all their money. And if we can enjoy gambling as entertainment, we can use our free time to gamble until the time to stop comes. Who knows, by using gambling as entertainment, we can win even if it's not a big win.

Nicely said, and I believe that anyone reading the gambling discussion section of the forum would learn a whole lot about it, even more than any external sites combined, as this forum teaches people the psychological part of gambling more. In short, if you do not plan your gambling and show a whole lot of self-restraint, you can't possibly make anything tangible from it, and in addition, will lose more and have yourself to blame. Gamblers who don't have their own minds in it are the ones who lose the most, and the reason is simple, they believe this is an avenue to make their riches, but it's not. Gambling needs a tactical approach and wisdom, this could differentiate between the winners and the losers in real time. Even if gamblers would believe that they can make money in it, they should rather expect less and also work with their expertise to make the money. And as they do that, they should also work on their emotions and all aspects that deal with the right thinking when gambling. This is what I know that will always help them to make the right efforts and still check-balance their gambling activities before they lose the control.

[LUCKMCFLY]

Yes, just try and hope to win, gamblers will do anything to make their wishes come true, even if they behave badly or wrongly they will do it and this has been proven to be done by gamblers when they are in casinos without them realizing it. they will lose control and gamble without any restrictions.
That's right, gamblers don't need to spend a lot of money to bet, it's better to just be satisfied with what they have, so that they can enjoy every game they play in a relaxed and unforced manner then they will enjoy the sensation of gambling, namely getting entertainment and thinking that win or lose is bound to happen.

Hopefully, we won't be like those who do anything just to win from gambling. We won't realize the mistakes we have made if we are in a condition like them because we won't realize it. That is why we must continue to maintain good self-control so that we do not gamble excessively. This is also to reduce the number of losses we can experience because by gambling within limits, we will know when it is time to stop gambling.

Yes, we as gamblers should be able to enjoy gambling as entertainment and not chase wins that are definitely difficult to get. We have also seen that many people try it but most of them fail and they can't even win at all and lose all their money. And if we can enjoy gambling as entertainment, we can use our free time to gamble until the time to stop comes. Who knows, by using gambling as entertainment, we can win even if it's not a big win.

Nicely said, and I believe that anyone reading the gambling discussion section of the forum would learn a whole lot about it, even more than any external sites combined, as this forum teaches people the psychological part of gambling more. In short, if you do not plan your gambling and show a whole lot of self-restraint, you can't possibly make anything tangible from it, and in addition, will lose more and have yourself to blame. Gamblers who don't have their own minds in it are the ones who lose the most, and the reason is simple, they believe this is an avenue to make their riches, but it's not. Gambling needs a tactical approach and wisdom, this could differentiate between the winners and the losers in real time. Even if gamblers would believe that they can make money in it, they should rather expect less and also work with their expertise to make the money. And as they do that, they should also work on their emotions and all aspects that deal with the right thinking when gambling. This is what I know that will always help them to make the right efforts and still check-balance their gambling activities before they lose the control.

The thing is that we must always say and give advice to people or novice players that the game in casinos is not to generate income, but to have fun, to enjoy, that is what we must be clear about, there is no other way, those who If they want to see the game as income or they can say that they can generate income because of the game, they are very wrong, because things don't work that way, it is a very bad way of looking at things, that is why we always have to do things in the casino considering the normal, the considerations are simple, first having control of our money, if we have control over what we are going to spend we are very good, because I would say that things in a casino the main thing is that, not staying Without money, always be in what we can give to improve and protect the money, why do you have to look at something, if there is no money, you can't play or do anything, play for free in a physical casino? That does not exist, in online casinos it does, but it is not the idea.

In these cases, what we must do is guard and protect our life, so as not to become addicted, that is something that should always be our goal, we cannot do other things but that, I would think that when we are in the casino it could happen. many eventualities, for example things can turn out for the better, being on a positive streak where we can be winning a lot, not to mention when it comes to slots, because in slots it is easier to win with little money, of course, with little money You earn a lot, but you can spend a lot, that is what we must control, and do not try to do things in a crazy way, because by doing it like this, it is your money that goes away, and what is the point that we cannot do things right? If we lose money, some times the person may become decapitalized because they are thinking what they are not, that is just what should be avoided.

[Mauser]

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 Ferguson is a great poker player, I loved to watch him in the 2000s on TV. The Poker After Dark Series with him, Doyle Brunson, Tom Dwan, Phil Ivey, Daniel Negreanu, etc. was awesome. So many great personalities that taught me a lot about poker. However, you can't really use poker as the standard gambling game we are going to play, because it's completely different from all the other games we can play at the casino. Biggest difference is that we are not playing against casino, only against other players. In the traditional casino games, it's us against the casino, which always has an advantage over us with their house edge. Mathematics is not going to change the fact that the more we play, the closer we will get to the expected values of the games and likely lose money. With poker we don't have to worry about the casino, because they take a fixed rake per hour from each round for providing the infrastructure to play online poker. We only need to a have a decent strategy to play better than our fellow gamblers. So, it's good to learn math and statistics for gambling, just don't expect to find a strategy that is making you consistently money in all type of casino games.