I think the only formula that may help in gambling is probability for roulette games, but i still believe math cannot affect to gambling games even you used probability because probability is all predicting the chances. I believe it is all about luck, so if you wanted to win you need to have good luck.
You are right about it but you know that probability also involves maths rules and steps going on are of maths. This is more relevant about this statement that only one thing which can help you in gambling is probability and because there is equal chances of winning and losing so you will need to know about the others turns and then you will decide the probable action to take place.
That probability which we use in math is very much different from the probability of gambling. Thinking of this probability and relating math with gambling doesnt make any sense to me. Math doesnt plays any role in the winning or losing of the person in gambling because the only thing that matters is luck. Poker is the only game where your probability can be helpful.
You are right about the exceptions and the specific games in which probability is helpful like poker and I appointed exactly the same what I mean to say. Probability and mathematics is useful in some games. In basic maths we study counting numbers and addition, subtraction and other rules, so let me tell you these rules and taking place in the teen pati game and other card games so maths is useful. Tell me, can you give 4 cards to one person and 6 cards to another person in one game? No. because you have to distribute equally and hence maths is involved.