In this article I will write about game theory and how we can apply it for our favour to win in casino or bets. The whole analysis should easily fit 100 or even more pages.Here you will find some basics ideas and nothing more.
Lets start by defining and explaining game theory. Game theory involves logical- strategic decisions and maths to optimize the outcome of one event. In betting we may think it is pure randomness and luck ,especially in casino but no. Staking, betting involves you to act, use strategies (see other articles) and more.
Now lets see how we can apply and improve our chances. The most obvious example is poker. Besides the entry fee ,poker doesnt have any edge -in most cases- and we cant eliminate the factor of randomness in every hand as well. But our desicions are heavily involved at the end. Attributes such that psycology ,cards counting(Numerical skills in general),strategical approaching are a must especially in this era.Others examples are roullete and blackjack which are nearly..but NOT SLOTS! FORGET THEM!
Even in betting while margin is as high as 4-5%(in good cases) and you bet in external results ,game theory can be found in turnovers especially in big games or even 2nd tier leagues as players “move the line” in favour of the high-staked team. That is a great way to find some value or just minimalize the house edge in most scenarios(strategy:betwatching-with subscriptions or bots), especially in recent years with the advent of AI and Machine learning that made analyzing data easy. Futhermore, dont forget sure bets and dont neglect the gimmicks there(see at my articles)
NASH equlibrium and algorithms
Whatever i wrote above refers to real life casinos and not the only one, as Nash equlibrium factor is a major thing. You see the algorithm can predict our strategies (1v1 games against computer) and make winning harder. What we can do is to avoid gambling under those conditions.
TO BE CONTINUED..
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