>>16767994
Yes, the house

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

>>16767994
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.

>Joan Ginther was an American four-time lottery winner. She first won the lottery in 1993, when she won $5.4 million in Lotto Texas (equivalent to about $11.8M in 2024). Her next win came in 2006 when she won $2 million in the Holiday Millionaire scratch-off. Her third win happened in 2008, when she won $3 million from a Millions and Millions ticket. In 2010, she won $10 million, her largest prize, bringing her total winnings to $20.4 million. According to mathematicians asked by the Associated Press, the odds of winning this many times were one in 18 times 10 to the power 24, but this was apparently a miscalculation. All of her winning tickets were purchased in Texas, and two of them were bought from the same convenience store in Bishop, Texas.

>>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
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
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

>>16767994
if you win too much they will ban your account. you need to find people with accounts that have lost a lot of money so you can place large bets

>>16767994
our economic system and stock market is basically one big casino(scam)

>>16767994
Yes. I have lifetime earnings over a million dollars playing poker

>>16777641
you realize math-tards have two options to not be poor?
either finance or tech.

and which is the biggest sector for the economy?
finance.

you think math-tards literally printing money for rich dudes aren't well compensated?

>>16768006
Amazing fpbp

>>16778973
>and which is the biggest sector for the economy?
>finance
Yeah, and the part that actually allows math-tards to not be poor is called "accounting". It's extremely, vitally important for any company, and in big ones it might net a pretty good salary, but still nowhere near 7 figures.

>you think math-tards literally printing money for rich dudes aren't well compensated?
No. Here's the catch, dipshit - if you pay your money-printing genius nerd 7 figures it will take him two salaries tops to decide that he's the hot shit and can use this money to start his own company and print his own money the same you you showed him. Rich dudes did not become rich dudes by turning people printing money for them into more rich dudes.

>>16779757
you're no rich so your opinion does not matter

>>16779930
>you're no rich
And you are?

>>16778973
>math thards literally printing money
Nobody ist doing that, the stuff your finance influencer throws at you is not necessarily the Real World
>well compensated
Yes. Maybe 250k total compensaton. Maybe. At the absolute most.

>>16780003
>Yes. Maybe 250k total compensaton. Maybe. At the absolute most.
kek no
The math geniuses who work for Jane Street and Optiver and such make millions
They are literally the dudes who set the market.
I have a friend who is a dev there.
He makes 300k as a frontend dev doing only simple programming stuff.

The quant devs make a lot more. They are the ones who just understand the math and also know a lot of CS to optimize the code.

The quant researchers are at the top of the food chains. These are the pure math-tards, the ones who produce the math, and maybe know a little python.
These are the ones making millions.

>>16780088
>The math geniuses who work for Jane Street and Optiver and such make millions
>They are literally the dudes who set the market.
>They are the ones who just understand the math and also know a lot of CS to optimize the code.
>The quant researchers are at the top of the food chains
>These are the pure math-tards
>These are the ones making millions.
>But I won't show you even one of them.
>Just trust me bro.
ok

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>>16780123
7 figures starting. Suck it GPTbro

>>16767994
jup! by entertaining myself with the theory of such games, while funneling my excess money in an etf. Only time I gambled for real was at a blackjack table in a casino with some friends, I calculated a loss of 15€ per hour, but had lucky cards and ended up with around 30€ more than I invested, started with 200€. Lowlight was a dead-eyed whale of a man just betting hundreds on others and my hands, showing no visible reaction to win or loss. Terminal case of failed hedonism.
Was fun, but software dayjob + etf for € leaves me still enough room for intellectual stimulation.
Also, I think the time of the low hanging fruits is over, so if your head is not big enough to identify the few opportunities still available, then your head is likely also not big enough to correctly apply whatever you would learn (no offense, I consider myself a brainlet too)

>>16767994
theres already a thread about this and nobody is talking in it

>>16767994
make thousands of matching bets (bet on all the outcomes so that you will win lose zero every time) do it loads of times t5housands of times or each bet so that you get loads jackpot entries thousands of jackpot entries and do not play keno the returns are less than even half of your odds o getting anywhere with keno lottery games theyre worthless maybe you can use mathematics to solve some lottery games

>>16769041
Fucking kek, why did Tom have to throw shade like that?

>"The homely-looking winner is coy about her success, declining to explain why she thinks she’s been so fortunate."

https://www.dailymail.co.uk/femail/article-2025069/amp/Joan-Ginther-Maths-professor-hits-multi-million-scratchcard-lottery-jackpot-4-times.html