Thread 16767994

Has anybody used their mathematics knowledge for gambling and sports betting?

>>16767994 (OP)
Yes, the house

>>16767994 (OP)
Most betting markets worth gambling in like horse racing, greyhounds, sports betting, etc are already very efficient, arguably more efficient than financial markets because they are easier to model and less corrupt as financial markets.
The only way you'll make money is if you find some kind of handicapping edge.
Google David Walsh, Zeljko Ranogajec and Billy Walters for examples of whale gamblers who use computer systems and stats/math to gamble profitably.

>>16768087
shit, I was thinking of studying quant to perhaps land an extremely lucrative job, but using it to gamble profitably sounds way sexier
there's no way my 3rd world shit-hole has world class math experts to calculate the odds of 3rd league sportsball betting

>>16767994 (OP)
the most common example of math being used for advantages in gambling is counting cards in blackjack

>>16767994 (OP)
505050

>>16768223
But what about draft kings, basketball, American football, Football (Soccer), MMA, baseball, and other sports.or even prize picks. Can't you use your mathematics knowledge for these things to make money.

>>16769009
>online gambling sites
Yeah, you can use the free bet credits they give you for depositing money to cover all outcomes and convert a fairly large percentage of the credits to cash you can then withdraw, with absolutely no risk other than that the company itself goes out of business.

>>16768223
>counting cards in blackjack
>actual casinos use 200-card randomized decks
This is an 18+ site, by the way.

>>16769041
Smart Woman but now her strategies are patched now :(

There was a Spanish family in the 1990s that secretly recorded a ton of results for the local roulette tables; they were able to determine that some of the tables had mechanical defects that biased the wheel enough to for them to take advantage of and make a ton of money. Granted pulling that off these days would be a lot harder; casinos keep a closer watch for people recording numbers & are better at doing maintenance.

>>16769009
yes same way you can use math knowledge to win in the stock market
it's called quant and literally the world's biggest math geniuses are employed by hedge funds to do this shit and make 7 figures plus bonuses
same applies to the big betting companies, which everyone else just copies

if you think you got the math knowledge (and CS knowledge) to beat the world's best who have been at it for decades, go ahead.

>>16769281
interesting

>>16769281
>local
that's the key
if you wanna win in gambling using math, there's no way you can do it vs the top, but locally?
yeah I can guarantee you that 3rd league Bulgarian football oddsmakers are not world class mathematicians
if they were, they would have left their country making pennies and be working in world class institutes making millions

that's definitely something someone with solid knowledge can beat
but they will perhaps just straight up ban you if you win too much

>>16768006
best response and I havent even read the thread

>>16768102
Your third world shit hole has bookies smart enough to figure out what you're doing once they see it, and gangsters who will kill you if you ever try that shit again. Unironically, you're better off finding an inefficiency or loophole in your third world stock market.

>>16769009
It's called arbitrage betting. They will catch you and ban you from their app before you make any serious money.

>>16767994 (OP)
there are a bunch of stories like this one where some mathematician finds patterns in scratch lottery tickets and stuff: https://www.wired.com/2011/01/cracking-the-scratch-lottery-code/

>>16768006
Yep, the house always wins

>>16772021
agreed

>>16767994 (OP)
tree boosting filters time series bullshit just buy the index nigga

>>16777611
its raphael btw i took the barn want proof? the owner of 4chan is going to get his face instantly uploaded to youtube for his humiliation ritual lmao

>>16769294
>biggest Math geniuses are employed as quants
>quants make 7 figures + bonuses
From which unhinged finance grifter influencer did you get that Kind of bullshit from kekkk
>captcha P0GAYT