Quote from: Loope on October 24, 2017, 09:49:38 PM

Quote from: cjmoles on October 24, 2017, 12:20:26 AM

Quote from: futurebitcoins on October 11, 2017, 03:25:17 AM

Many gamblers know that they can't win money from gambling but they keep on gamble again and again but not with a small amount. Some people even borrow money from others to gamble. That means they never learn from their past gambling mistakes.

Are you doing this kind of gambling mistake?

Well, they don't win because they don't learn. Number one ---> don't bet against the house! <--- I can say that over and over and over again but nobody listens. Betting against the house is -EV (Negative Expected Value) <--- that means that you can expect to lose money! It doesn't mean you will lose money but you can expect it. Find opportunities with a +EV!

In gambling, if you are a gambler or a gambler expert you can experienced a lot on that, you will experience winning a lot of money sometimes you were lose the same amount when you win. Sometimes you will made some mistakes in gambling that will lead to be learn how to play in a smart way. Although we don't even know what is really in a reality we have to be a wise thinker especially in gambling.

Math! It's all in the math ---> we have to learn the math before we can understand the probabilities behind our choices. There are some poker players who have played so often that they intuitively understand the probabilities but they had to learn the hard way. If we learn the math mechanically first, then we will be more efficient players for the longer term.