Mathematics of Gambling

General information

Online software has a long history and it has changed a lot for the past two decades, but the main goal of it remained. Slot machines, for instance, are designed in such a way so as to bring advantage to a house all the time, even when a player wins. And this is exactly how casinos use math to make money on all possible players' outcomes. There are specific math computations implemented in the software by the developers which estimate the payout rates and when to display these or that lucky symbols on the reels. So everything is thought outery well thought out.

Yes, it is a tough reality of the gambling world. But the point is, not only casinos can take advantage of math computations, but the players can make use of it as well! Thanks to math, gamers are able to make predictions on the following card dealt by a dealer or next symbol that will be generated. Precise computations create a great benefit for players and give a great opportunity to overcome the house edge and win big. But of course, it is not as easy as it may sound. Most of the professional successful gamblers have years of experience and skills as the background, their math skills mastered and tactics are tested and considered working. These players always go one step ahead of the house. So, math takes the players’ advantage to the next level, but it requires years of practice and improving. Lots of amusing books have been issued by various gamblers where the authors try to discover all secrets of math мы gambling. We can share with our readers on how to use math computations in different ways when you want to have advantage over the house. 

Mathematics and Gambling

Over the time, some methods became quite commonly used as they are considered working as they are based on math calculations. Even methods that are reliable on the predictions and probabilities are still backed up by math.We are here to discuss some of them and provide examples of these tactics many gamblers take advantage of while playing at betting houses or platforms. It is feasible for every person who has a desire to learn and implement some basic mathematical tricks in the gameplay. 

Card Counting

The most popular way of using math while gaming is counting cards. Some people call players who conduct card counting on practice cheaters, but in fact the practice of this method is fully legal and there is no such a law in legislation where it says not to use it. But yes, casinos hate card counters because they lose their money, while the gamer takes it all. Why? The answer is simple - the counting promises some solid edge over the house when used carefully and wisely. 

It is doable to predict the next card, for example, when you are familiar with the cards that the croupier deals. Most experts among gamblers have learned this craft and now are able to gain a lot by playing. Exactly this technique has raised a boom of hot debates since it is really an internal part of any card game, or at least it looks like that’s true. 

Generally, card games are played at least with one competitor, which gives a player a chance to estimate what the next competitor’s hand will be. Moreover, if a player carefully watches and observes the cards of the competitor, this will later allow the player to understand which decision would be the best possible step. 

But except for math, there are external factors that have an impact on the outcome of the game. For example, you can often hear gamers dispute about the usefulness of the card counting in the game of blackjack. There are those who are sure that it is essential to use this technique to win, but others will tell that it is all lies and myths. 

Chances and Probability 

If you have heard about the probability model, but don’t really understand the essence of it, we are here to explain. So, this term is often used when we speak of craps and roulette. In these games, the total amount of dice or, in case with roulette, on what digit the ball lands, decides the outcome. These are games of sheer luck, or chance. But even here you can boost your opportunities with the help of some calculations. Like, for instance, you can guess what the digits will be in case you are aware of the total number of dice to be thrown, and taking into account the ct that each dice has digits from one to six on it. 

Or take a roulette as an example. In case with this seemingly straightforward game, you can compute the standard deviation using the equation of binomial distribution. This equation is √np(1-p), where n is a Number of trials or rounds, p presupposes Probability of success, and 1-p is failure or Probability of other outcome. 

It looks like a simple task to calculate the outcome, but actually we want to highlight that in case the number of trials grows, the chances of failure will grow as well, and the negative outcome becomes several times more probable to occur, while also exceeding the standard deviation. Thus, players won’t be able to predict the future outcomes, at least on a long term basis. Keep in mind that this equation can be used only in the short-term predictions. 

Furthermore, you will also need to know about a VIX, or Volatility Index, which defines the standard deviation per trial, and V - variance, the square of the volatility index. 

Mathematics and Sports Bookmaking

Amusingly enough, bettors can use math even when they place stakes on the outcome of sport events. And actually, computations are frequently used by the bookmakers themselves, as well as by the admirers of this kind of gambling. Well, the former ones use it the other way then bettors: computations are implemented to estimate the risks, evaluate the chances of a particular sporting event, or find a correlation between expenditures and possible gains.

When it comes to gamblers, there is such a term as avantage gambling, which implies the legal means players and bettors can take advantage of. Seasoned punters are well aware of how to estimate the chances of success, as well as the ways of predicting all potential outcomes. So, actually, you can take advantage of several means of advantage gambling, and we can share some examples with you right below: 

Arbitrage Bets

This method is also called Surebets, and here, a betting man is able to take some odds in case this person places stakes in different bookmaking parlors which all offer different lines. So, in this approach, bettors are simply placing stakes on different outcomes of the same game in several betting destinations. Thus, your success is more possible, the final results of the event won’t really affect your chances of winning. 

As we know, bookies always compete one against the other, and each of them suggests different profit. This fact allows seasoned gamblers to calculate the most profitable betting parlors by learning about the players’ odds that these bookies offer. There are bookies who really dislike this approach and call it ‘cheating’, so you may be banned from the betting parlor in case the bookies suspect you. 

Betting Exchange

The approach of exchange is more favoured by the bookies than the last one, and is actually quite often offered by the betting places. Bettors are welcome to exchange their bets, by selling and buying them during some event. This exchange allows players to either reduce some of the losses or to ensure their income. Meanwhile bookies make profit by charging fees from winning stakes. In this approach, math computations are necessary in order to take the most profitable step and profit from the situation. 

Math calculations and Gambling

Gambling is really popular nowadays, particularly online betting has lots of admirers among players who like playing for real winnings. We all have our casino favourites, some of us are poker or blackjack admirers, somebody prefers themed slot machines. We like the thrill a process of gaming gives us, we strive to try our luck and win in the outcome. But any professional gambler will tell you, that luck is only a minor thing when it comes to winning in betting houses, online or land-based equally. The result is mostly dependent on the math and calculated working strategy. 

Many gamers strived to state that gaming is closely related to math, that the outcome of any casino game relies on the calculations a player has carried out. 

So, we are trying to underline that in case you want to make big earnings by playing in casinos, you shouldn’t expect that luck will help you to win all the time. In fact, math is an indispensable part of gaming.  

Math is used not only by payers, but also it is integrated by casino operators themselves in order to make profit. Sports bookmakers make use of it to estimate the final result and to ensure a stable profit for themselves regardless of the final outcome.