Quote from: Fivestar4everMVP on Today at 05:56:22 PM

Quote from: Julien_Olynpic on December 24, 2024, 06:09:10 AM

Even experienced users often say something like “There are no smart strategies in gambling, it’s all about chance. Play only for fun, not to win.” These posts look like they were written by artificial intelligence. First, let’s distinguish between casino games, which are entirely based on luck, and sports betting (and betting on non-sports events, such as elections).

Smart strategies are entirely possible in sports betting; it’s wrong to say that there are no smart strategies in gambling if by gambling we mean sports betting (betting in general). One example of a smart strategy in sports betting is the “value” strategy. It’s based on the “edge of the bookmaker’s line.” Simply put, you analyze the bookmaker’s bets, look for inaccuracies in the odds, and try to play on them. In the long run, this can bring you profit.
In fact, there can be no smart strategies in casino games that are completely based on luck. However, even there, strategies are possible. For example, the Martingale strategy. In general, this strategy is unprofitable, since you are playing a game with a negative mathematical expectation, if we are talking about games like roulette or dice, but sometimes luck can be on your side.

You are generally right, all that you have said, I totally agree with except the part you talked about martingale being a strategy, sorry but I do not agree with this part, Martingale has never been a gambling strategy to me and I will never consider it as one, what many people consider to be a strategy and over time has been generally confirmed not to work is not a strategy based on my personal definition of a strategy.

But I am not going to dwell on the above, I totally agree with you that most gamblers, even the known OGs makes this same mistake of referring to gambling and betting as the same, it's a common mistake and one I think should be corrected, gamblers use slot and casino games terminology for sports betting, and such not ought to be because casino and slot games do not fall in the same category with sports betting, though they all related and considered as gambling in general..

The result of any gambling game depends on chance. Somewhere more (gambling), somewhere less (betting), but there is no gambling where the result would be based only on experience or strategy. Therefore, many people do not distinguish gambling on those in which the strategy of the gambler can affect the result and those in which the result depends only on the algorithm of distribution of rewards and just say gambling combining these two concepts.