Betting systems

Betting strategy

A betting strategy (also known as betting system) is a structured approach to gambling, in the attempt to produce a profit. To be successful, the system must change the house edge into a player advantage — which is impossible for pure games of probability with fixed odds, akin to a perpetual motion machine. Betting systems are often predicated on statistical analysis. Mathematically, no betting system can alter long-term expected results in a game with random, independent trials, although they can make for higher odds of short-term winning at the cost of increased risk, and are an enjoyable gambling experience for some people. Strategies which take into account the changing odds that exist in some games (e.g. card counting and handicapping), can alter long-term results. This is formally stated by game theorist Richard Arnold Epstein in The Theory of Gambling and Statistical Logic as: Theorem 1: If a gambler risks a finite capital over many plays in a game with constant single-trial probability of winning, losing, and tying, then any and all betting systems lead ultimately to the same value of mathematical expectation of gain per unit amount wagered. (Wikipedia).

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What is a Protective Put? Options Trading Strategies

These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitter.com/PatrickEBoyle What is a Protective Put? A pr

From playlist Class 2: An Introduction to Options

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Odds of Winning the Lottery

Which tips and tricks actually work according to probability laws? I discuss the three tips that work to increase your odds of winning the lottery, plus several that do not.

From playlist Contests and Sweepstakes odds

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Monte Carlo Simulation and Python 13 - D'Alembert Strategy

Monte Carlo Simulation with Python Playlist: http://www.youtube.com/watch?v=9M_KPXwnrlE&feature=share&list=PLQVvvaa0QuDdhOnp-FnVStDsALpYk2hk0 In this video, we program the D'Alembert Strategy. The D'Alembert betting strategy is a progressive betting strategy that uses increments rather th

From playlist Monte Carlo Simulation with Python

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How I Pick Stocks.

An easy to understand and easy to use method that I use to pick stocks! Link to the code : https://github.com/ritvikmath/Time-Series-Analysis/blob/master/Investing.ipynb Link to file containing ticker data : https://github.com/ritvikmath/Time-Series-Analysis/blob/master/series_tickers.p

From playlist Stock Trading Principles

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Monte Carlo Simulation and Python 2 - Dice Function

Monte Carlo Simulation with Python Playlist: http://www.youtube.com/watch?v=9M_KPXwnrlE&feature=share&list=PLQVvvaa0QuDdhOnp-FnVStDsALpYk2hk0 In this video, we begin creating our "roll dice" function. In the monte carlo simulation with Python series, we test various betting strategies. A

From playlist Monte Carlo Simulation with Python

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Monte Carlo Simulation and Python

Monte Carlo Simulation with Python Playlist: http://www.youtube.com/watch?v=9M_KPXwnrlE&feature=share&list=PLQVvvaa0QuDdhOnp-FnVStDsALpYk2hk0 Here we bring at least the initial batch of tutorials to a close with the 3D plotting of our variables in search for preferable settings to use.

From playlist Monte Carlo Simulation with Python

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What is a Put Spread? | Options Trading Strategies | Option Combinations

What is a Put Spread? - Options Trading Strategies These classes are all based on the book Trading and Pricing Financial Derivatives, available on Amazon at this link. https://amzn.to/2WIoAL0 Check out our website http://www.onfinance.org/ Follow Patrick on twitter here: https://twitte

From playlist Class 2: An Introduction to Options

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Basics of Stock Trading : Stock Trading Principles

Our first video on stock trading strategies. Here we talk about the most basic one out there! Code used in this video: https://github.com/ritvikmath/Time-Series-Analysis/blob/master/Stock%20Forecasting.ipynb

From playlist Stock Trading Principles

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Mathematics of Roulette

My Patreon : https://www.patreon.com/user?u=49277905

From playlist Mathematics of Gambling

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Gambling with the Martingale Strategy - Numberphile

Tom Crawford discussing roulette and gambling with a famed strategy. More Tom videos on Numberphile: http://bit.ly/Crawford_Videos More links & stuff in full description below ↓↓↓ Tom Crawford's website, with links to his work and other outreach: https://tomrocksmaths.com Numberphile is

From playlist Tom Crawford on Numberphile

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Lecture 22 - Pair Trading

This is Lecture 22 of the COMP510 (Computational Finance) course taught by Professor Steven Skiena [http://www.cs.sunysb.edu/~skiena/] at Hong Kong University of Science and Technology in 2008. The lecture slides are available at: http://www.algorithm.cs.sunysb.edu/computationalfinance/pd

From playlist COMP510 - Computational Finance - 2007 HKUST

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Decision Making

MIT 15.S50 Poker Theory and Analysis, IAP 2015 View the complete course: http://ocw.mit.edu/15-S50IAP15 Instructor: Matt Hawrilenko In this session, guest Matt Hawrilenko discusses game theory, value betting and bluffing, how to maximize the value of the entire set of hands, and exploitiv

From playlist MIT 15.S50 Poker Theory and Analysis, IAP 2015

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4. Preflop Re-raising Theory

MIT 15.S50 How to Win at Texas Hold 'Em, January IAP 2016 View the complete course: http://ocw.mit.edu/15-S50IAP16 Instructor: Will Ma In this session, Will Ma plays through the hands of an online tournament and touches on some key concepts. License: Creative Commons BY-NC-SA More inform

From playlist MIT 15.S50 How to Win at Texas Hold 'Em, IAP 2016

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Monte Carlo Simulation and Python 5 - Martingale Strategy

Monte Carlo Simulation with Python Playlist: http://www.youtube.com/watch?v=9M_KPXwnrlE&feature=share&list=PLQVvvaa0QuDdhOnp-FnVStDsALpYk2hk0 In this video, we create a bettor who doubles down on every loss. This is known as the Martingale Strategy. In the Monte Carlo simulation with Py

From playlist Monte Carlo Simulation with Python

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How Science is Taking the Luck out of Gambling - with Adam Kucharski

From the statisticians forecasting sports scores to the intelligent bots beating human poker players, Adam Kucharski traces the scientific origins of the world's best gambling strategies. Watch the Q&A here: https://www.youtube.com/watch?v=o0XxbHnf5ro Subscribe for regular science videos:

From playlist Prob and Stats

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Q&A - How Science is Taking the Luck out of Gambling

Is stock market investing to do with luck or skill? Why do people counting cards tend to get found out? Are there any games that humans are still better at? Adam Kurcharski answers questions from the audience after his talk. Watch the talk here: https://www.youtube.com/watch?v=658xlubwnDc

From playlist Ri Talks

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GCSE Maths: Probability and Statistics Livestream

The 6th and final livestream in the Tom Rocks Maths Appeal GCSE Maths series covers a range topics in Probability and Statistics from gambling strategies to normal distributions. All questions discussed below (with timestamps). 1. What would be the average score if I roll two dice 100 ti

From playlist Tom Rocks GCSE Maths Appeal

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