Are you lucky enough to make gambling a career

06/22/2016
By Tommie ClarkGoogle
I mean how do they manage to have a system that works so well? Well one theory is that some people were born to run on fire and make a career out of betting.

There are two theories – knowledge and probability. Those that bet with knowledge are usually horse racing fanatics or sporting fans. They have a system(s) that work solidly. Well solid enough to be able to make enough cash to tie over the times when the system doesn’t quite fall into the boundaries that it should.

Why do their systems sometimes fail? This is due to the fact that the laws of averages and probability always come back to defy us even though the simple rules are set in stone

To explain further here is probably one of the most interesting theories out there taken from a chat that was between some well know European Poker Tour pundits.

In poker there are up swings and down swings. Now without getting into too much detail these swings in luck or cards or whatever it is you are playing come down to probability. We all know probability from school right? You flip a coin 50 times and the odds are supposed to be 50/50.

Probability can defy the laws of odds. You may flip that coin 50 times and it lands heads 40 out of 50. You could continue for another 50 slips and head now totals 80 times. What the hell is going on? Why is this not flipping 50/50?

Now theory tells us that if we continue flipping the probability will even out eventually. Heck we could flip another 900 times and now the tails is leading 601 to 399. A shift in probability – and at some point that figure had to be equal. Maybe at 446 flips it was eventually a tie – 223 apiece.

All this coin flipping takes one thing – time! Time is the factor involved in upswing and downswings too.

The more time you spend flipping the coin, the more flips you are getting and eventually the more chance there is of the underdog coming out on top.

Some people gamble and have their upswings constantly. If you play a gambling game for 1 year you may be on an upswing, but then the next year a downswing. For that person, the upswing and downswing is a 2 year cycle.

For others, that up and downswing lasts over 50 years or 100 years. Therefore the theory is – and wait for it because here comes the big bang – those that are pros not only have a great system, they happen to also have a longer upswing and downswing time cycle.

Combing strategy and their long periods of upswings means they can make gambling a career. If they were meant to live longer, then their downswing would eventually take hold, but they are lucky enough to die before they get the chance to lose their fortune!
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