From my understanding a basic definition of a betting system is adjusting your bets based on previous events.
Card Counting is the process of adjusting or not adjusting your bet based on the cards that exit the shoe so I would argue based on the technical definition it would be considered a betting system.
Would anyone on here agree with this?
Also, in case you are wondering why I ask, I got into a debate the other night and attempted to argue that counting is a betting system, so I was hoping somebody on here would validate my view (also I am very aware of the differences between counting and adjusting bets based purely on bets won or lost. I am arguing strictly from a definitional point of view)?
I would call card counting a hybrid betting/playing system.
Quote: 24BingoA betting system is varying your bet size based on previous events. Card counting is varying your bet size based on the present state of the cards. That's the difference.
Right, but that is based on previous events. The only reason there is a present state is because of what exited the shoe?
Quote: GandlerIs card counting technically a betting system?
From my understanding a basic definition of a betting system is adjusting your bets based on previous events.
Nope, not at all. Here, "previous events" means previous bet outcomes, not any arbitrary thing that happened in the past. A betting system calculates the amount of the next bet based on some function of the outcome of one or more prior bets. Card counting calculates the amount of the next bet based on the estimated deck distribution and associated house or player edge (estimated via the count). The count of a remaining blackjack shoe is effectively independent of whether the previous hand won or lost.
http://en.wikipedia.org/wiki/Betting_Systems
(Card counting is listed as an example of a well-known betting system.)
I agree that if you define the term broadly enough, it would seem to include card counting.
Quote: gpac1377Wikipedia agrees with you Gandler:
http://en.wikipedia.org/wiki/Betting_Systems
(Card counting is listed as an example of a well-known betting system.)
I agree that if you define the term broadly enough, it would seem to include card counting.
It also says "A betting strategy or betting system is a structured approach to gambling intended to counter the inherent house edge in casino and card games," and then lists "Roulette - Martingale."
Quote: MathExtremistIt also says "A betting strategy or betting system is a structured approach to gambling intended to counter the inherent house edge in casino and card games," and then lists "Roulette - Martingale."
LOLwikipedia :)
I think "betting system" is an unavoidably ambiguous term, so I declare everyone in this thread correct, except myself.
Quote: gpac1377LOLwikipedia :)
I think "betting system" is an unavoidably ambiguous term, so I declare everyone in this thread correct, except myself.
I like the phrase "insolubly ambiguous" myself.
http://patentlyo.com/patent/2005/08/claims_definite.html
A system presumes a Betting Strategy only without regard to a Play Strategy. This is why Roulette, Baccarat, and Craps are three of the more popular "System" games. Blackjack OTOH, even with Basic Strategy has situations involving a doubled wager (more if splitting pairs). Blackjack "needs" a Playing Strategy dependent upon initial hand received. In Baccarat, the decision is by fixed rule removing Player obligation, and Craps is a choice to wager more or not win, lose, or continue. Roulette is "pure" system, one spin per decision.
Quote: GandlerRight, but that is based on previous events. The only reason there is a present state is because of what exited the shoe?
The only reason there's a shoe there is because someone put it there, because someone opened a casino on that spot. The point of our derision of "betting systems" is that they're based on the events themselves, with the consequences only the product of some brand of magical thinking or other (usually either personification or the gambler's fallacy).
But I think it is fair to say if you are altering wagers based on the count, that is a betting system.
The true linguist with no experience pertaining to gambling might say, "OK, if I count 200 cards out of 312, that leaves 112 cards. Tell me what I should bet."
(Yes, I previously debated with someone about this subject, and that was the response I received.)
The distinguishing factor which separates counting from other systems used to determine size of the wager (or even mere placement of a wager) is the fact that the purpose of counting is to determine the existence of player advantage.
With counting, one has the ability to determine if probability favors the dealer or the player prior to placement of the wager, whereas other betting systems tend to rely on history of previous outcomes (wins/losses) to determine the amount of the next wager with no consideration for probability.
Define it as you wish.
In today's industry, the counter will be segregated from all other "betting system" players.
The casinos worry about the counter; they do not sweat the other "betting systems".
On this very site, you could start a thread about counting in the Blackjack forum (or whatever other game is being discussed), and everything will be fine. If you discuss any system which disregards probability, it should rightfully be discussed in the Betting Systems forum.