Post
Topic
Board Gambling discussion
Re: Math and Gambling
by
lionheart78
on 30/11/2023, 23:10:00 UTC
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.

I believe this is more on card counting, if a person is able to count cards that is drawn and calculate the card in the hands of people, he might be able to somehow know the probability of the next card.  Expert card counter are often shut off in poker games in casino because they are able to win everytime.
Quote
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.

Not on the games that require skill such as sports betting and poker.  Card counting is a skill frowned by any casino poker dealers.

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?

I do not know what is the relevant of school in this topic but saying 96% of what we learned can't be used in real world is just exaggeration.  The history, math, theories are often used to produce another inventions and new creations, it is also reference for innovations so without school that teaches the foundation of knowledge specifically mathematics a person will have difficulty in dealing with his daily activities, besides career are often based on what we have learned during the college years and our specialization.