Don't hate betting systems TOO much, wizard xD

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Quote: Tomspur

That may have been true in the good old days, but I fear that may not be 100% unabashedly true of the modern day and age. I find the education system at primary and secondary levels in the US as not being very strong at all......this is just my opinion of course.

I wonder, per capita, which country contains the smartest people in the world?

The US is tied for 19th on average IQ. The highest average in the world is Hong Kong, South Korea, then Japan.

Quote: Neutrino

First of all I'd like to say I 100% agree with that betting systems do not affect the house edge and in my opinion, the only mathematically solid "betting systems" would be bankroll management, which nobody calls "betting system" anyway.

But I don't 100% share wizard's hatred for betting systems, because not all people all the time play to win money.

Sometimes you play to impress a stupid girl (aka standard American), or get on your boss's good side, or make some friends think you're smart. As long as you're not playing for money the battlefield changes. Take note of a psychological phenomenon called "cognitive dissonance", which makes people psychologically ignore major loss. So... if you have a betting system that lets you gain $10 99% of the time, and lose $1000 1% of the time, and you're playing to impress, and the other person will CD over the $1000 loss anyway, why the hell not?

Take it one step further. You're using martingale to impress a girl (dumb one ofc). Looking at your bankroll, you have 1/128 chance of going totally bankrupt with your current bet. and 127/128 chance of impressing the American female. Well, if the time that 1/128 hits, you can just go "well fuck guess we're not meant to be." and move on to the next dumb girl.

Are you sure your marty is going to impress people? Wouldn't the girl/friends/boss see you betting $1600 to win $5 on a 50/50 bet and decide you're an idiot?

Also, why is the american girl stupid? Does she believe in trend following or something?

Quote: Neutrino

First of all I'd like to say I 100% agree with that betting systems do not affect the house edge and in my opinion, the only mathematically solid "betting systems" would be bankroll management, which nobody calls "betting system" anyway.

But I don't 100% share wizard's hatred for betting systems, because not all people all the time play to win money.

Sometimes you play to impress a stupid girl (aka standard American), or get on your boss's good side, or make some friends think you're smart. As long as you're not playing for money the battlefield changes. Take note of a psychological phenomenon called "cognitive dissonance", which makes people psychologically ignore major loss. So... if you have a betting system that lets you gain $10 99% of the time, and lose $1000 1% of the time, and you're playing to impress, and the other person will CD over the $1000 loss anyway, why the hell not?

Take it one step further. You're using martingale to impress a girl (dumb one ofc). Looking at your bankroll, you have 1/128 chance of going totally bankrupt with your current bet. and 127/128 chance of impressing the American female. Well, if the time that 1/128 hits, you can just go "well fuck guess we're not meant to be." and move on to the next dumb girl.

Anything to convince yourself. You can always find a reason something that's clearly dumb or wrong, might be ok.

I didn't realize coworkers and bosses think being able multiply x 2 was smart.

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Neutrino,I appoligize for helping derail this thread. I'm still hyped up after the UNC-Dook game tonight and I was looking for something contentious.

That said, Your original post was a touch vague on what you meant about impressing people. I do agree that many folks (of all nationalities) don't have a good grasp on the relative advantages and disadvantages of systems which trade rare massive losses for frequent small wins. However, most folks also are not impressed by small wins.

I would suggest any person impressed by the "qualities" of a martingale type system is either not worth "getting to know." However, I would also say that if there are certain "activities" which can be "acquired" by impressing them by winning a small amount at minimal risk, it might as you stated be worthwhile for the gambler in question to employ such a strategy.

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Quote: endermike

Neutrino,I appoligize for helping derail this thread. I'm still hyped up after the UNC-Dook game tonight and I was looking for something contentious.

That said, Your original post was a touch vague on what you meant about impressing people. I do agree that many folks (of all nationalities) don't have a good grasp on the relative advantages and disadvantages of systems which trade rare massive losses for frequent small wins. However, most folks also are not impressed by small wins.

I would suggest any person impressed by the "qualities" of a martingale type system is either not worth "getting to know." However, I would also say that if there are certain "activities" which can be "acquired" by impressing them by winning a small amount at minimal risk, it might as you stated worthwhile for the gambler in question to employ such a strategy.

Cruder phrasing of above

If you can "get it in" with a hottie by winning a little bit at low risk, that makes up for the bad EV of a martingale

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HAHA I actually laughed, your structure and cruder phrasing was just right on

OK, I get it, but not sure I am buying it.

I imagine a conversation. "hey, how about that guy John Doe who gets laid all the time with all those different women!"

"Yeah, I bet he has lots of money and a fancy car and house."

"Nah, he rents a shithole and drives around in a rust bucket. He just finds those babes that hang out in casinos all the time. You've seen them" [see below in case you haven't]

"How does he get them into bed?"

"He wows them with his betting systems that are win or bust; when he wins big, va va voom!"

CASINO BABES

Quote: Neutrino

And finally a "fvck you" to the guy who said I'm using betting systems to try to make money and defending it. Re-read my post.

You're new, so I'll give benefit of the doubt that you've not read the rules and are unaware of the workings of this forum. But direct insults and profanity, even if disguised with odd letters or characters, aren't allowed. Accusations and judgements can be frustrating, but please find an intelligent way to defend against them =)

Quote: thecesspit

Oh, it's pretty huge up here regardless. I know people who'd be happier beating the USA than winning a Gold.

Judging by the reactions to the come back win yesterday in the Ladies final, it'll be insane if it happens today:

http://deadspin.com/canadians-freaking-out-over-winning-hockey-gold-is-just-1527201523

Put a pause on the CAN vs US / Old vs New education talk. Gonna split the thread, gimme five minutes.

Edit: All done. You can find the US v CAN debate here