Does large number gambling real put you at an advantage?

[drangos]

That is not how probability works in math, the probability of each bet is the same for every bet but it is irrelevant to every other bet so even with 55% probability of winning one can still end up with 0 wins at the end of 500 or 700 bets or the number can be anything. People just assumes that they will win 55 bets if they bet on a game with 55% probability of winning after 100 bets and think that is strategy to have an edge over the casino, while in reality it is not.

One thing I've always settled my mind with when it comes to gambling is that, noting is certain not even with a game that looks like it has a 90% chance of winning, just as we have seen odds of 1.10 still losing the bet and that's why I don't have to bother my head and self with solving probability when it comes to gambling as I think gambling is more of a game of luck over skill so calculations wouldn't really matter.

Probability does not work the same way it does in gambling games, gamble operate differently and no matter how much a bettors uses  to play the game winning is not guaranteed rather luck does, unless the bettor is lucky else he can spend all his money without winning any game, that is how funny gambling can be, the amount spent and how many times a person bets does not mean the game will turn favorable, gamble is a game of luck and not numbers because with large numbers of bet a lose can still occur it is like a game of win if lucky and lose if unlucky, here is the advantage and disadvantage of betting games no assurance or strategic means to any form of winning.

The more bets you make, the more casino money you lose. It is frequently not understood that the law of large numbers is very different from what is commonly believed. It doesn't ensure that a player will eventually begin to make a profit and recoup losses after a certain number of wagers, it just means it is likely that results will approach the actual odds of the game over a extremely long period of time. In a house edge game, betting more will result in the house edge becoming more visible over time. In the short run, luck can certainly give short term winning streaks, but the casino's edge is always maintained in the long run, unless the player has a true advantage, which is uncommon.

[Cityhunter34]

That is not how probability works in math, the probability of each bet is the same for every bet but it is irrelevant to every other bet so even with 55% probability of winning one can still end up with 0 wins at the end of 500 or 700 bets or the number can be anything. People just assumes that they will win 55 bets if they bet on a game with 55% probability of winning after 100 bets and think that is strategy to have an edge over the casino, while in reality it is not.

One thing I've always settled my mind with when it comes to gambling is that, noting is certain not even with a game that looks like it has a 90% chance of winning, just as we have seen odds of 1.10 still losing the bet and that's why I don't have to bother my head and self with solving probability when it comes to gambling as I think gambling is more of a game of luck over skill so calculations wouldn't really matter.

Honestly, this mindset is the best way to approach the game without getting addicted to gambling, because no matter how much you stress yourself, gambling still needs luck to make it through. So it's better for us to always understand that gambling depends on luck and not on power or smartness. No odds are guaranteed at all.

No matter how small it is, anything can still happen along the line. That Is why we don't need to bother ourselves when gambling.

[tread93]

Yeah no there are definitely ways to become profitable in gambling. That user just hasn’t had any luck apparently. If someone makes a killing on gambling there is definitely temptation to keep on going but the smart folks who know their limits will stop and increase the quality of their lifestyle.

I believe that those with large sums have no advantage whatsoever, because only professionals who know and understand the strategies and intricacies of the game, have vast experience and knowledge, learn from the mistakes of others, and are emotionally stable—only such players have an advantage. The rest of the players are likely to lose more the more they play, unless, of course, they're lucky more often than the average player. Therefore, a large sum means nothing at all; it's better to think about how not to lose it very quickly in such a case.

I mean how do you come across that type of luck. Such luck I believe is perhaps destined to those who seek it out.  Luck is all chance, yes. But what if its more. What if luck is drawn to you by what you think and feel? How you act perhaps. Sorry for getting all philosophical here, I just think that most people who find themselves luckier than your average player aren't just lucky sometimes but more often than not and maybe just maybe on account of a certain combination of thoughts and emotions channeled into one place.

[Egii Nna]

One thing I've always settled my mind with when it comes to gambling is that, noting is certain not even with a game that looks like it has a 90% chance of winning, just as we have seen odds of 1.10 still losing the bet and that's why I don't have to bother my head and self with solving probability when it comes to gambling as I think gambling is more of a game of luck over skill so calculations wouldn't really matter.

Honestly, this mindset is the best way to approach the game without getting addicted to gambling, because no matter how much you stress yourself, gambling still needs luck to make it through. So it's better for us to always understand that gambling depends on luck and not on power or smartness. No odds are guaranteed at all.

No matter how small it is, anything can still happen along the line. That Is why we don't need to bother ourselves when gambling.

Gambling is not certain nor matter how confident you are on whatever analysis or odds you see, it can still backfire that is the reality of gambling. Although before you lose you will have that feeling and believe that you will definitely win, so staking more won’t be a problem, which is what you have to fight against, because if you can’t control your emotions in gambling you will end up winning in imagination and losing in reality. 

Gambling is just about luck. Unless if it’s a physical casino where you will meet people and play with them, in such places some can win through cheating. But in online casino you can never cheat. So in general gambling is not for the weak, and no matter how strong you are mentally just don’t get addicted to gambling.

[danherbias07]

The more bets you make, the more casino money you lose. It is frequently not understood that the law of large numbers is very different from what is commonly believed. It doesn't ensure that a player will eventually begin to make a profit and recoup losses after a certain number of wagers, it just means it is likely that results will approach the actual odds of the game over a extremely long period of time. In a house edge game, betting more will result in the house edge becoming more visible over time. In the short run, luck can certainly give short term winning streaks, but the casino's edge is always maintained in the long run, unless the player has a true advantage, which is uncommon.

Yes, that's a good explanation of how it works.

A gambler who has been playing slots for a long time with the same amount per roll will likely see how the system works. The house edge is like being boosted after a big win and a cash-out. It is not visible, but you can definitely feel it. A long losing streak, like every win you received is being sucked into a black hole, and even if you jump from one slot provider to another, there's no changing how it eats your money.

I have tried switching to higher amounts in the past, but the same results happened. So, the rules don't actually change when you bet higher on slots and casino games. It will just quicken the way a gambler will lose money.

[Crypto_Timothy]

I read through and i saw Maths and then i saw gambling in same sentence and i just laughed. I laughed because i know how many times i have tried to predict odds on sporty bet using maths and how that has failed mutilple times and has made me accept the fact that when it comes to gambling, your maths principles cant really help you here, then you now have the unpredictable odds that can be thrown your way. I try not to thnk about bettting in any mathematical terms, i should have my betting money and go to work, that was then though not now anymore.

[masulum]

I read through and i saw Maths and then i saw gambling in same sentence and i just laughed. I laughed because i know how many times i have tried to predict odds on sporty bet using maths and how that has failed mutilple times and has made me accept the fact that when it comes to gambling, your maths principles cant really help you here, then you now have the unpredictable odds that can be thrown your way. I try not to thnk about bettting in any mathematical terms, i should have my betting money and go to work, that was then though not now anymore.

This makes a bit of sense to me, because most people often misunderstanding about probability and the ability to accurately predict outcomes as the same thing, when in fact, they are different. In sports betting, there are many variables that may be impossible to count it in a formula, such as the mental conditions, referee decisions during a match, injuries during a match, and even moments of luck. So, I can understand why you might not put much faith in math when betting. Even if someone believes in calculations before placing a bet, reality doesn't always follow the formula. if they are asking about the example, there are thousands of examples where the final outcome in sports doesn't match predictions already.

[eisen33]

I read through and i saw Maths and then i saw gambling in same sentence and i just laughed. I laughed because i know how many times i have tried to predict odds on sporty bet using maths and how that has failed mutilple times and has made me accept the fact that when it comes to gambling, your maths principles cant really help you here, then you now have the unpredictable odds that can be thrown your way. I try not to thnk about bettting in any mathematical terms, i should have my betting money and go to work, that was then though not now anymore.

I think players' opinions on this matter may be divided. There are certainly people who believe that a mathematical approach to gambling matters, but I think those who have been playing for at least a few years understand how important luck is in gambling, actually even more so than mathematical calculations. Although, if these two things can be combined, I think a player's chances of winning will increase slightly.

[Uhwuchukwu53]

This question may seem common but is centered on the major challenge face by most players I will state on experience, the large number is of no advantage though could be for others as the risk is always high several times which I make used of large number, the disadvantage overwhelmed the advantages as the risk is always higher, I have tried some games, where increase of numbers causes more losses, just like every game poses a risk the combination of all the risk is the possibility of failure despite that gambling is more of luck some high risk will always remain impossible.

[PERtua]

This question may seem common but is centered on the major challenge face by most players I will state on experience, the large number is of no advantage though could be for others as the risk is always high several times which I make used of large number, the disadvantage overwhelmed the advantages as the risk is always higher, I have tried some games, where increase of numbers causes more losses, just like every game poses a risk the combination of all the risk is the possibility of failure despite that gambling is more of luck some high risk will always remain impossible.

I believe, what many gamblers have is that they think that they have a better chance for winning if they have more bets. The more bets you make, the more you stand to lose, but also the more you stand to win. If the game offers an edge, you lose that edge on every single bet you make  over time, that will work in favor of the house more often than the player. Discipline, bankroll control and knowing when to quit take precedence over just continuing to throw a lot of bets and believing in the magic of probability.

[Betwrong]

I think it's important to know what we mean by 'winning'. You can win an amount equal to your stake at odds of 2.00, or you can win a bit less at 1.80 or a bit more at 2.20. I think your calculations are based on a bet at odds of 2.00. If, at those odds, you have a 55% probability of winning, it means you have an edge. Then, of course, the more you bet, the better.

I don't see how that can be advantageous. A 5% more in your winning probability for an individual bet doesn't necessarily mean you are going to win more bets in the long run, which means that if you make 1000 individual bets with that probability, you can still lose more bets than you can win, because 5% extra probability is nothing in gambling when the results are completely random and one can even lose 5 bets out of 10 bets made with a 90% winning probability. Also, I don't think it's possible for one to have 2.0x odds with a 55% winning probability in a casino game because casinos are not fools to give that much advantage to gamblers, so when you have a higher winning probability than the house, you will have lower odds.

So, when you have lower odds but a 55% winning probability, and then adding the house edge into that, a large number of bets will still give casino an edge unless you are extremely lucky and manage to win about 70% or more of the total bets you are making, and that isn't technically or logically possible in gambling with only a 55% winning probability. Which is why, even if we have a higher winning probability on paper, the house will still have an edge over us as gamblers. This is why we should never consider gambling a source for making money, and people need to understand this.

No no no, I'm not talking about betting  with 55% winning probability. I'm talking about the situation when it's a fact that you win 55% of the time. Like it's done. Of course, as another poster said it above, even 99.5% probability of winning doesn't mean you can bet all your money because "you will surely win". I wouldn't recommend anyone to bet everything they have even if the probability winning was 99.9%. Any gambler should always bet only what he\she can afford to lose.

[DPHOR]

No no no, I'm not talking about betting  with 55% winning probability. I'm talking about the situation when it's a fact that you win 55% of the time. Like it's done. Of course, as another poster said it above, even 99.5% probability of winning doesn't mean you can bet all your money because "you will surely win". I wouldn't recommend anyone to bet everything they have even if the probability winning was 99.9%. Any gambler should always bet only what he\she can afford to lose.

There is this mixed feelings in gamblers mind or do I say they always believe that they would make it through gambling but deep down they knows that is not going to be that possible, instead of them to give limits that is when you would see them putting my much efforts gambling in order to restore back what they had already lost while gambling. There are also some people who look at how much they have spent gambling, and quitting is like trying to surrender the whole amount to the gambling site, therefore you would see them continuing to gamble just to make sure they have restored it back, at this point you would see them gambling out of proportion and even when they gets addicted they wouldn't know but can only be seen and noticed through the next person.

[POPOLUV]

That is not how probability works in math, the probability of each bet is the same for every bet but it is irrelevant to every other bet so even with 55% probability of winning one can still end up with 0 wins at the end of 500 or 700 bets or the number can be anything. People just assumes that they will win 55 bets if they bet on a game with 55% probability of winning after 100 bets and think that is strategy to have an edge over the casino, while in reality it is not.

One thing I've always settled my mind with when it comes to gambling is that, noting is certain not even with a game that looks like it has a 90% chance of winning, just as we have seen odds of 1.10 still losing the bet and that's why I don't have to bother my head and self with solving probability when it comes to gambling as I think gambling is more of a game of luck over skill so calculations wouldn't really matter.

Honestly, this mindset is the best way to approach the game without getting addicted to gambling, because no matter how much you stress yourself, gambling still needs luck to make it through. So it's better for us to always understand that gambling depends on luck and not on power or smartness. No odds are guaranteed at all.

No matter how small it is, anything can still happen along the line. That Is why we don't need to bother ourselves when gambling.

Any gambler that is still insisting that winning is not base on luck but base on his power, such gamblers will easily be addicted to gambling, so i definitely support your motion because if every gamblers should stop being greediness of chasing money consistently without knowing that luck should be infront of any games they predict on because i believe that once any gamblers have the mindset that wining comes with luck and no matter how the odds might look, without being lucky to win by arranging the right games, i don't think a gambler can win by his smartness without being lucky.

[vs2014]

Probability & variance both are the reasons why gambling results can be different from expectation. Even if someone has a mathematical statistical advantage, the  short term results can still be unpredictable because of the impact of randomness as well as variance. A 55% win rate doesn't mean every 100 bets will always bring an exactly 55 wins. Variance creates unexpected winning or losses before the long term trend appears. That's why money management is important cause a good strategy can still fail if the player cannot handle the fluctuations. Understanding probability helps a lot but managing risk is what keeps someone in the gambling

[Swordsoffreedom]

I laughed because i know how many times i have tried to predict odds on sporty bet using maths and how that has failed mutilple times and has made me accept the fact that when it comes to gambling, your maths principles cant really help you here

The problem here is not math. Rather, it is what we expect from math.

Probability will not actually predict the outcome of a match.
Rather, it will tell you what the distribution of thousand of bets will be.

Already, some user mentioned that with 55% edge, probability of losing 700 is theoretically correct. But it is so small that I don't think it will ever happen in reality.

So I think if your prediction is wrong a few times then it doesn't mean that the math is failure.
Rather, maybe short term variance is at work.

And bookmakers also make odds using probability model.
If math had no value, where would their long term profit come from!

[Merit.s]

Honestly, this mindset is the best way to approach the game without getting addicted to gambling, because no matter how much you stress yourself, gambling still needs luck to make it through. So it's better for us to always understand that gambling depends on luck and not on power or smartness. No odds are guaranteed at all.

No matter how small it is, anything can still happen along the line. That Is why we don't need to bother ourselves when gambling.

Anyone that thinks he can win without luck isn't being realistic enough to himself because no one can win by their own making. When you understand that luck is the highest, you will gamble with caution because you don't want to run at loss unnecessary. You will plan your gambling activities and how much to gamble with that wouldn't affect you financially.

The smartest gamblers are the ones who limit their losses by stopping the game at the right time and not those who think that their near miss was a mistake and continue.

[Orpichukwu]

Winning and losing in gambling is a sure thing but it will be very beneficial for us to be winning often than loss because losses can drive some gambler crazy there by making them to chase loss and sometime even staking high as they will think that is the easiest way to recover their losses back. If a casino is genuine and not a scam, how often we win won't make them not pay unless the gambler hit them so hard that they can't afford that moment.

Since it's already a known fact about gambling, losses can’t be avoided. Won't it be best if every player prepares their mind to accept losses no matter how they come and not for them to easily be pushed by how much they lose to the extent of trying to chase their losses? Some gamblers who chase losses increase their staking amount naturally, leading themselves into quick losses, and it’s them against themselves, which is something that can be avoided if, from the start, the gambler made up his mind that every stake is already considered lost.

[qwertyup23]

Yeah no there are definitely ways to become profitable in gambling. That user just hasn’t had any luck apparently. If someone makes a killing on gambling there is definitely temptation to keep on going but the smart folks who know their limits will stop and increase the quality of their lifestyle.

I believe that those with large sums have no advantage whatsoever, because only professionals who know and understand the strategies and intricacies of the game, have vast experience and knowledge, learn from the mistakes of others, and are emotionally stable—only such players have an advantage. The rest of the players are likely to lose more the more they play, unless, of course, they're lucky more often than the average player. Therefore, a large sum means nothing at all; it's better to think about how not to lose it very quickly in such a case.

I mean how do you come across that type of luck. Such luck I believe is perhaps destined to those who seek it out.  Luck is all chance, yes. But what if its more. What if luck is drawn to you by what you think and feel? How you act perhaps. Sorry for getting all philosophical here, I just think that most people who find themselves luckier than your average player aren't just lucky sometimes but more often than not and maybe just maybe on account of a certain combination of thoughts and emotions channeled into one place.

In reality, there's really no secret to being lucky. Sometimes, the world just gives and hands you everything which you should accept with all your power.

In the event that the world makes it possible for you to be lucky, then take advantage of such opportunity. However, be reminded that you should control your greed. The moment the boundary between luck and greed becomes obvious, then thread lightly. The more you push your luck to the point that nothing is working, then take it as a sign for you to stop.

I read through and i saw Maths and then i saw gambling in same sentence and i just laughed. I laughed because i know how many times i have tried to predict odds on sporty bet using maths and how that has failed mutilple times and has made me accept the fact that when it comes to gambling, your maths principles cant really help you here, then you now have the unpredictable odds that can be thrown your way. I try not to thnk about bettting in any mathematical terms, i should have my betting money and go to work, that was then though not now anymore.

Like what was mentioned, it just really depends on how you would see luck at all Even if the odds are overwhelmingly for you, there will always be that possibility of it becoming against you.

[Finebone]

Anyone that thinks he can win without luck isn't being realistic enough to himself because no one can win by their own making. When you understand that luck is the highest, you will gamble with caution because you don't want to run at loss unnecessary. You will plan your gambling activities and how much to gamble with that wouldn't affect you financially.

Games like casino games are purely based on luck because if anyone thinks that it's by power or know how, while gambling on casino games, such person doesn't know how gambling work. But you see gambling on sport betting, just by being lucky is not enough, because you need to know how to analyze games, like the strength of both teams, their present form and their head to head record, to know who is the favourite, because you just can not play an accumulated game by choosing like 10 teams that are doing very badly or the less favourite and be expecting to win by being lucky. That is like expecting the impossible to happen, which makes your chances of winning very slim.

[Fakhrulenclix]

Anyone that thinks he can win without luck isn't being realistic enough to himself because no one can win by their own making. When you understand that luck is the highest, you will gamble with caution because you don't want to run at loss unnecessary. You will plan your gambling activities and how much to gamble with that wouldn't affect you financially.

Games like casino games are purely based on luck because if anyone thinks that it's by power or know how, while gambling on casino games, such person doesn't know how gambling work. But you see gambling on sport betting, just by being lucky is not enough, because you need to know how to analyze games, like the strength of both teams, their present form and their head to head record, to know who is the favourite, because you just can not play an accumulated game by choosing like 10 teams that are doing very badly or the less favourite and be expecting to win by being lucky. That is like expecting the impossible to happen, which makes your chances of winning very slim.

In any form of gambling, analysis and other factors are needed to determine victory, not just luck. In fact, I don't really believe in luck unless you've put in some effort.
And I believe a large capital is crucial for your win rate. As long as you avoid greed, it's possible to profit from casino gambling. The hardest part in gambling is controlling your desire or emotions to win more, which is what leads to losses.