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MCU gambling tip: Your decisions must matter

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The main consideration in determining whether a particular form of gambling can be beat is: “Do my decisions really matter?” If the odds are against you and you can’t make meaningful decisions that will improve those odds, you can’t win. This is why no statistical analysis can give you an edge in craps or roulette. There are no magic betting systems.

No reason

Sure, after the fact in roulette, you might see that you would have won by betting red instead of black, but you had no reason to make a meaningful decision beforehand. In games like poker and blackjack, your decisions do matter, and so these games can be beaten through expert play.

Now, it may be that your decisions matter, but not enough to overcome the odds against you. So, not every form of gambling where your decisions matter can be beat. But, you will only have a chance to control your own odds in games where your decisions count. That’s why I teach: “In order to overcome any odds against you in gambling, your decisions must matter.” Think about it. — MC

“Bad Chief G!” I shouted at the poor stupid dog
Odds, POKER, Tests
Another multiple-choice test
ALL (newest first), Bankroll, General, Manipulation, POKER, Psychology, Strategy, Tests
Death of a friend and a one-question quiz
ALL (newest first), POKER, Tests
Fast 2014-09-26: Hold ’em logic puzzle #1
ADDED FAST, ALL (newest first), Hold 'em, POKER, Tests
Our paradox resolved!
Calculation, Gambling, General, Other games, POKER1 EXTRA, Strategy, Tests
Play the hold ’em insurance game? It’s your money!
Calculation, Odds, POKER, Statistics, Strategy, Tests
Review of poker lessons learned (quizzes): Index
Tests
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General, Hold 'em, Tests
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Published by

Mike Caro

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Known as the “Mad Genius of Poker,” Mike Caro is generally regarded as today's foremost authority on poker strategy, psychology, and statistics. He is the founder of Mike Caro University of Poker, Gaming, and Life Strategy (MCU). See full bio → HERE.

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