The law of large numbers is a proper term for statistics｜Money88
A general term for a class of theorems in which almost inevitable regularities emerge from numerous repeated experiments and observations of random phenomena.The law of large numbers is a proper term in statistics, and it is also the most frequently mentioned academic theory in the gambling world. Its original meaning is: if a random phenomenon with numerical results is repeated independently many times, the average value of the actual observed results will approach the expected value.Numerical results: There will be wins and losses every time a card is drawn, so there will be numerical results.Random phenomenon: The outcome cannot be predicted, but the long-term phenomenon can be predicted.Independent: Each baccarat draw is an independent event, unaffected by the previous ones.Average: After repeating many times, add up the winning and losing results and divide by the number of times.Expected value: each time the result is multiplied by its probability, the numerical results are added and divided by the number of times.
Gambling is purely a game of chance｜Money88
Gambling is purely a game of chance. Probability is based on the law of large numbers, which generally means that under certain conditions, the more times the experiment is repeated, the closer the final result ratio is to the theoretical probability ratio.If you could win money by looking at the road, then baccarat would have long since ceased to exist. The biggest mistake most gamblers make is that they do not understand probability and are superstitious about the so-called Tao. Anyone with a little common sense in mathematics knows that the so-called path of any random event is unreliable, otherwise it will not be called a random event but a regular event. Winning money by probability and winning money by road are two fundamentally contradictory ways. Did not really understand the nature of probability!
Ways to win aren’t “must be in every game”｜Money88
If so, it means that it is possible for us to make accurate forecasts for each store, which is impossible. We rely on probability and the law of large numbers to win money. Everyone knows that the role of large numbers is a process, not a specific point. You can’t say when it will work or turn, even though you can be sure it will work at some point today. But tomorrow it may not happen at this point, but at another point. Therefore, specific stores cannot be predicted. If you can predict specific stores, you won’t be making money on big numbers, you’ll be making money on small numbers. If small numbers can win, then the law of large numbers will be completely overturned! Therefore, winning money by winning is a process, not every game. Just like the law of large numbers, you can’t feel its existence when you play, but when you play a lot, its effect will appear!
Everyone should remember that the principle can be very simple｜Money88
Everyone should remember that the principle can be very simple, but the application is ever-changing. The principle of a computer seems very simple, but it is just two numbers, 0 and 1. But these two numbers turned into extremely complex and infinitely powerful computers and their applications. The principle of large numbers is not complicated, but the application of the principle of large numbers is not simple, and the mystery of it is not something ordinary people can imagine out of thin air. What’s more, many people don’t even know the principle itself. Mastering the principle is only the foundation, and it is still far from winning money. But this foundation is the simplest and most critical, don’t think there are any shortcuts!
Confusing the law of large numbers with card counting｜Money88
Confusing the law of large numbers with the card counting method obviously shows that he has not really understood the law of large numbers. The concept is vague and still half-understood. If the law of large numbers can be calculated, it is not called a large number. In essence, the two are fundamentally contradictory. Blackjack wins are based on card counting, not the law of large numbers. Card counting takes advantage of the loopholes in the game itself to win money. The law of large numbers uses the principles and rules of gambling to win money. One for cards with memory and one for large numbers without memory. Experienced gamblers should not confuse the relationship between the two!
Talk about the advantages of the casino｜Money88
To be sure, the casino has an overwhelming advantage over gamblers, but having an advantage and being sure of winning are two different things. Advantage can only mean that the chance of winning is greater or the number of wins is greater than the number of losses, but it does not necessarily mean victory. The same is true for casinos, which can beat most gamblers, but not all gamblers. For the casino, as long as it wins more and loses less. If you think you can’t win because you have an advantage, it’s simplistic. Before cracking blackjack, the casino also has an absolute advantage.
