The world of gambling is very similar to that of business in that both of them revolve around one key term, Profit. People gamble to reap benefits. It is one of those classic high-risk, high reward scenarios where your adrenaline is through the roof. Gambling, as a practice has been there for a long time. But do you understand what goes behind the game that you play?
To understand the depths of gambling, you need to understand the logic behind it first. It’ll help you tilt the odds more in your favor and get you a competitive edge in all your games. This article will introduce you to the elementary math and logic involved in gambling. You’ll also get to learn some essential tricks and tips to hack the system and reap hefty profits. Read on as we take a deep dive into the world of gambling.
Understanding the Math
Contrary to popular belief, gambling is not all just chance. There’s a lot of math and logic involved behind it, which is fascinating. Gambling mainly involves a branch of mathematics called game theory which deals heavily with probability and odds.
The simplest example of this kind of math can be found in the role of a dice. Say, if you roll an unbiased dice, you’re 16.667% likely to end up with a 2. This is the foundational principle of all probability applications, which is what gambling works upon.
Gambling also involves another application of mathematics known as Boolean algebra. This is also known as the logic of computers. Boolean algebra deals with only two variables, i.e. 0 and 1. It is used in correlation with probabilistic models to come up with the best odds in any particular gambling event.
People who are proficient at probability and statistical applications are likely to have an easier time predicting moves and just being a better gambler.
It’s one thing to read about it in theory and a whole different ball game to master it in practice. In reality, it takes years and years of extensive practice to be adept and game theory and its applications. If it’s something you’re passionate about or a skill you want to learn, then you should start learning right away.
Gamblers are victims of a lack of self-discipline. This is evident when you look at a sport that has been losing money for a while or even winning for that matter. Both of these are scenarios where your mind is addicted to the activity and can’t let loose. Your mind gets locked into a box that only responds to the stimuli provided by the game.
But what needs to be understood is that most of the games in a casino are designed such that the casino gains profits long term. What this means is that the longer you play for, the higher likelihood you have of losing in, the bigger picture. It then becomes imperative for you to exercise self-discipline and to quit at the right moment. This can save you a ton of cash and is beneficial if you want to gamble long term.
If you’re someone who’s into blackjack, then you might’ve heard this term called “card counting”. Ever wondered what it’s all about? Well, card counting is another application of probability that can trip the odds in your favor big time.
Counting cards is all about predicting whether the next hand is going to favor you or the dealer. It helps in giving you an immense competitive edge over others. In simple words, you decrease the in house casino edge that they have and can manage to reap significant profits.
However, be careful while counting cards as most casinos aren’t a big fan of this practice. You’re more than likely to be thrown out if caught practicing card counting. One thing to note is that counting cards is not an illegal practice and is allowed in most countries. Still, it’s always better to check with your local laws to understand the legal consequences of indulging in counting cards.
It’s always beneficial to be an informed gambler rather than one who throws in their money without an iota of information. Not only does it lose you a lot of cash, but it also destroys your psyche in the long term. Hopefully, this article has given you a guideline that you can now follow to conquer the table and be the king.