DislikedIf you know djokovic took a ball to the balls earlier that day then maybe you'd bet against him because you know he'll be running slower due to testicular torsion.Ignored
Trading vs gambling 97 replies
Trading IS Gambling... 46 replies
Forex Trading or Gambling 21 replies
Similarities between CADJPY & USDJPY? 0 replies
trading or gambling? 14 replies
DislikedIf you know djokovic took a ball to the balls earlier that day then maybe you'd bet against him because you know he'll be running slower due to testicular torsion.Ignored
Dislikedok - please go back to my first post on this thread. I deploy superstition and expect to win because of it.Ignored
Disliked{quote} I couldn't really care less what you believe and I've pretty much wasted enough time and energy on this thread. Next I get to hear how all of you run quant algorithms to trade for you and you're killing it yet when there's a 'show me your ride' thread on here none of you post: - You have nothing to show - You don't like cars - You are only driven around and everyone has a Rolls Royce Phantom YAY!Ignored
Disliked... You act like it can't be possible because some professors say so? Why aren't all these smart guy professors taking their genius to the financial markets then? They should all be gajillionaires....Ignored
Disliked{quote}Do you honestly think that there's something you can do with your bets that changes where the ball lands? Those green zeros will always be there, and there will always be a chance (the same chance) that the ball lands on a zero. You don't think that if it has landed on red 15 times in a row, then it's more likely to land on a black the next time, do you?Ignored
Disliked{quote} Betting will not change the play's results, but can substantially affect your own play performance. Everything we are doing and I see out there is very conservative in the betting aspect. Real play can go in random chop or streaks. That is how real play happens. It definitely is not like a random number generator.Ignored
Disliked{quote} So then I guess you believe that the previous spins of a roulette wheel have some effect on the next spin. Otherwise, what would be the basis you use for making your bets? What would have to happen to make you decide to increase your bet at a particular time? I mean if you believe that some system of betting can help you win, then those decisions would have to be based on the events that have recently happened, right? Do I understand your philosophy correctly?Ignored
Disliked{quote} So then I guess you believe that the previous spins of a roulette wheel have some effect on the next spin. Otherwise, what would be the basis you use for making your bets? What would have to happen to make you decide to increase your bet at a particular time? I mean if you believe that some system of betting can help you win, then those decisions would have to be based on the events that have recently happened, right? Do I understand your philosophy correctly?Ignored
Disliked{quote} If you look, my comments have been almost purely about baccarat and 3 card poker. I did mention that I have seen friends play roulette successfully. I think that in any card based game there will not be perfect shuffle and a shoe of X decks of cards will most likely have some bias in it.Ignored
Disliked{quote} Well I agree with you that someone could have an edge in poker. I don't know anything about baccarat. But no one can have an edge in roulette. I do believe, however, that someone can have an edge in trading.Ignored
Disliked{quote} Agree in general but....... With regards to roulette and good old Newton's Mechanical Laws with the assistance of a steath computer or two it is possible to tilt edge in your favour if you can determine within sufficient confidence limits initial conditions and applied force. Whether or not you escape surveillance from the house is a different story. .....and there will be times when a table bias possibly could be detected provided you have a sufficient sample size and predictable characteristics...Ignored
Disliked{quote} I could imagine a machine that's fast enough and good enough at monitoring the position of the ball through time and calculating odds through rapid physics modelling to be able to gain a slight edge in predicting where the ball will land. I am amazed that we already have the technology for it -- Do they really work? -- but regardless, I can imagine that such a machine could exist some day, if not already. I could even imagine that a human (maybe some sort of savant) could be good enough at tracking the ball and able to intuitively get a...Ignored
QuoteDisliked"Every day players come and I (the casino) make money from some players and owe money to others. Win some; lose some. Occasionally a shark could come through and leave me with a large loss. Not to mention all this crazy technology out there like roulette-predicting computers! The world keeps changing and you never know what could happen next. That's some serious risk!"
Heeeey, I'm starting to like this guy.
DislikedAll of this has got me thinking: We normally think of casinos as acting cool, calm, and collected because they know they have an edge on many of their games. But what if we think of casinos in the opposite light? What if there is some casino owner out there who's really supersticious and bad at probability. lol Imagine how he'd think of his business: {quote} So then our nervous casino owner starts running his business, well, like a business: He'd try to control his risk and maximize his wealth. Stop Loss: If any player makes over $1M in a night,...Ignored
DislikedMaybe a better thread would have been called; what are the differences between trading and gambling? The constructive answer is in this question. They are not at all the same, but I guess a general comparison could be drawn between profitable traders who act as the house with a positive expectation in the long run, and the "punters" who are like the unprofitable traders who are going against the house. That's all that needs to be said really...Ignored
Disliked... we know that retail trading is different to gambling...*scatches head* :-)Ignored
Disliked... It's misleading to view the market as some game where every "spin of the wheel" is based upon the same rules. Because this is the core difference. Although the market has a certain structure on which is operates, the very nature of this operation itself changes the rules of the game constantly making it nearly impossible to apply some lazy rigid "system" to "beat the game"...Ignored
Disliked{quote} That's just crazy talk. You are making it sound more and more like a Market Maker broker model ...Ignored