Math or no Math

Does Math really matters? My take on it is YES and NO
Yes when it is the Casino against its patrons because when the House Edge is applied to a diversity of wagers which are Bet selection or Bet amount.
No when it is an individual against the house because of imbalances.
Before we dig deeper into the subject, how many gamblers actually lose at the rate of the House Edge? Therefore, there should be 2 sets of Math. One is deductive and the other one is inductive.
If an individual is to play 5 shoes of Baccarat a day for 5 days in a week, it would be around 1300 shoes a year. If he gambled for 50 years it would be 65000 shoes. The question is whether 65000 shoes can cover ALL the possibilities and probabilities in Baccarat which is the criteria for deciding the House Edge. Its like a grain of sand on the beach and purists were quick to argue the effect of the House Edge upon an individual player.
Therefore, utilizing the gamblers' edge which is WHEN, WHAT, HOW and BET AMOUNT can actually overcome the House Edge IMO.

Quote: true8gambling

Therefore, utilizing the gamblers' edge which is WHEN, WHAT, HOW and BET AMOUNT can actually overcome the House Edge IMO.
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The house edge stands.
It's stated as a percentage of how much you bet for a reason.
The size of your bet doesn't matter, as far as the house edge is concerned.

Quote: true8gambling

Does Math really matters? My take on it is YES and NO
Yes when it is the Casino against its patrons because when the House Edge is applied to a diversity of wagers which are Bet selection or Bet amount.
No when it is an individual against the house because of imbalances.
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The house totally depends on the math because it only plays in the extreme long run to make its profit . An individual plays in the extreme short-term where anything can happen. If you know how to play an extreme short-term game this is very much in your favor.

Still can't get it that extreme short-term in time + another extreme short-term in time + another + ... Is the same as ''extreme long run''?

Quote: rawtuff

Still can't get it that extreme short-term in time + another extreme short-term in time + another + ... Is the same as ''extreme long run''?
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Not if the game you're playing resets itself after every bet. This is the difference between playing a method and a system. A system will wear you down in the long run. Much like the Chinese water torture which is a system of a drop of water falling in the same spot over and over and over.

You have your reasoning which is also right because it can go that way too. That is why inductive Math happens when it is an individual player against the House. Inductive simply means something that is logically true but not realistically true.
Destiny rules in gambling.

If you get blown out while chasing mounting losses with a steady and insufficient bankroll, and set max bet, always trying to get back to even while even keeps representing a larger and larger needed win, you might not even stick around long enough to experience the house edge. That's the real world.

Dieter, are you considering only the bet size in determining house edge? True8gambling included When, What, How and Bet Amount in his comment on the gambler's edge vs house edge.
If house edge is calculated without all of these factors/elements of the equation, all of which can affect the outcome, then how can it be accurate?

Quote: true8gambling

You have your reasoning which is also right because it can go that way too. That is why inductive Math happens when it is an individual player against the House. Inductive simply means something that is logically true but not realistically true.
Destiny rules in gambling.
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"Inductive reasoning
A method of reaching a conclusion based on a series of observations or specific truths. The goal is to construct logical conclusions that can be applied to more general concepts. Inductive reasoning is often used in mathematical proofs and can lead to the discovery of new mathematical truths. For example, if you notice that your dog wags its tail every time it hears a particular sound, you might conclude that your dog likes that sound."

Very interesting. I will have to look into this further.

I remember in my younger days whenever there is a celebration of sorts in a relative's home we would all gamble. We would all lay down a rule stating that we had to play every hand and had to flat bet all the way. Imagine if the Casinos were to force us to do this, would people still play there?
I used the word Gamblers' Edge which is not an Edge with Mathematical values but Edge with more FLEXIBILITY which is Essential and Vital for winning at Casinos IMO.
If you consistently do something like a certain heavy one sided bet selection at binary outcome games like Baccarat, a more defensive approach both in frequency and bet amount when things were not happening in your favor would significantly reduce the drawdowns and NOT PUT YOU ON TILT.
On the contrary, a subtle aggressiveness when applied when things tilted towards your heavy one sided bet selection or any other so called methods would actually makes the difference between a winner and a loser. This is why I considered this flexibility a Gamblers' Edge.