Thursday, May 30, 2013

Probability and Trend are Useless

probability has no predictive powers Here is the Link for My Fourth Tip

Mislead gamblers always think that application of math and statistic to gambling is a form of calculated risk. The truth is probability has no predictive powers.

Trend reading is trying to spot patterns. The catch is trend doesn’t last. No theoretical model can predict the real world with reasonable accuracy.

2 comments:

  1. Leave probability to the mathematicians to educate us on odds.

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  2. I was sleeping through math class. I totally forgot about distribution at the gambling table.

    ReplyDelete