Understanding how probability works in gambling doesn’t require one to be a whiz in math. To be honest, it’s rather simple.
For example, let’s take a coin toss. When you flip the coin, which way will it fall? Will it be heads or tails? There’s no way by which you can answer that, now can you?
Just because some people say that it’s due for the coin to go either way that doesn’t mean this is going to happen. The truth is that for each time you toss that coin, the odds are really 50:50 every time, regardless of what happened earlier – history, they call it. This is no different with dice or a roulette ball.
However, in the case of a deck of cards, history plays an important role. Let’s say you’ve drawn a jack of diamonds.
So what are the chances of drawing another jack of diamonds? Zero, as you can tell. Similarly, your chances of drawing another diamond are now 12 in 51.
Yet regardless of which type of game you play, you must understand that gambling devices will not even the odds for you. Known as the gambler’s fallacy, this is why a lot of gamblers have lost a lot of money and will continue to do so.
So, how does one win then?
It really has a lot to do with decreasing the ‘house edge’, which strangely enough, doesn’t have to win every time although players try their luck with the advantage of a ‘positive expectation’.
Decreasing this ‘house edge’ means that you will lose less but most of all, you can increase your chances of really winning.
The key to winning is the use of optimal strategies that have been written by experts such as Basil Nestor that will not only save you money but will increase your playing time and therefore, increase your chances of winning.