27 April 2011, Good Afternoon
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The Philosophical Implications of Gambling - Metaphyics and Epistemology

Metaphysics - The term itself originated from Aristotle after his writing on physics in the arrangement made by Andronicus of Rhodes about 3 centuries after Aristotles death. It deals with the fundamental nature of all reality whether visible or invisible. It seeks a description so basic, so essentially simple, so all-inclusive that it applies to everything, whether divine or human or anything else. It attempts to tell what anything must be like in order to be at all. So what must gambling be like? think about this yourself for a few minutes. Can you really envision gambling itself as an entity? The laws of metaphysics state that it must be something in order for it to exist. We think of gambling as the pursuit of the pleasure of chance. However that is what we can visibly see, in the casinos that are built, the game tables that are filled and so on. However the invisible being of gambling links back to logic.

Thinking Man We cannot see the workings of the minds, which drive the gambling forces and allow for these massive establishments to become a reality which then creates this visible side which we can see. Another side of metaphysics is the belief of a faithful entity on charge of such things as mysticism. This is widely known in gambling, with multitudes of people thinking up new myths all the time about the way the gambling system works. If this is the case, what is the name of this entity? Is it Loki? And how is this question affected by the developments in the rise, in the Information Age of gambling online?

Epistemology - Epistemology is the branch of philosophy that studies knowledge. It attempts to answer the basic question: what distinguishes true (adequate) knowledge from false (inadequate) knowledge? Practically, this questions translates into issues of scientific methodology: how can one develop theories or models that are better than competing theories? We understand this in the form of gambling systems, be it for chance games or card games. These systems form the basis for some people of a way to win chance. But this is not altogether true - chance by it's very nature cannot be won, so how does science win over the unwinnable? When we look at the history of epistemology, we can discern a clear trend, in spite of the confusion of many seemingly contradictory positions.

Gambling Theories The first theories of knowledge stressed its absolute, permanent character, whereas the later theories put the emphasis on its relativity or situation-dependence, its continuous development or evolution, and its active interference with the world and its subjects and objects. In our case this roughly translates to what we know as the house advantage.

Since it is scientifically possible to gain true knowledge by study of mathematics and it's application to gambling, we see that epistemology has meant that in order for gambling to exist, the house needs an advantage, a small percentage advantage over the players. We see this in such rules like the blackjack rule of the dealer wins in case of a draw.


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