Quote from: BTCevo on November 20, 2015, 04:54:43 PM

Quote from: Opnsrc on November 19, 2015, 03:04:40 PM

I would like someone to break down the psychology and logic of the following.

Via gambling,
I can & have turned $1 into $2 over and over again.
But I can not & have not ever been able to turn $100 into $200 using the same methods and logic scaled on a Percentage base.

This conundrum boggles my mind.

(If any common logic is missing from this short comment, assume it was included.)

I can say that with $1 you have no risk to make it to $2, although you lose it that is not much you can easily get it back but with $100 It will be hard because you need more balance to try to recover it and it will be like burden to you to earn that back, all gambling things is just depends on luck whether $1 or $100 the percentage of winning is still the same

yes, that is my point that luck is the only variable, and that means that its possible, not an impossible event.

And the probability is fairly generous, about 49% that you will end up winner in the long term. So if half of the population gambles half will be winner ,and half will be loser. The casino will take only 1% comission for this wealth redistribution.