Quote from: MartinL on December 20, 2016, 10:19:20 PM

Quote from: managedgambling.com on December 20, 2016, 10:04:09 PM

Yes i agree with you. But when you limit the profit and exit at right time, chances are more to win. At least you may not lose more...

The problem with most of the gamblers are, they expect more profit. They are tempted to play more and more.. Finally they end up losing it.

Limiting the payout and exiting the game do not improve your wagers' expected values, which are generally negative for gamblers.

Quote from: managedgambling.com on December 20, 2016, 10:04:09 PM

To be successful, one should not play on the same site always. Just make a small profit and exit from that site and play on a different site. If we keep playing on the same site again and again finally we will lose the entire money.

Example:

Day 1 - Play at x site and exit with a minimum profit.. (may be 1 percent or 2 percent or 5 percent)...

Day 2 - Play at y site and exit with a minimum profit

Day 3 - Play at z site and exit with a minimum profit

Now we have loads of sites to play with...

This is gambler's fallacy. Playing on a site for an extended period of time doesn't decrease your chances of winning there. Likewise, waiting a day before continuing to play there doesn't increase your chances of winning.

Yeah i know it is Gambler's fallacy. The reason i ask to give a break and play is to stop getting addicted to gambling. S

I said limit the profit. I never said limit the payout. Example, you invest 0.1 btc and play.. When you are up with 2 percent profit or 5 percent profit, just exit the game. But mostly people never do that, they keep on playing and finally end up losing everything.

Gambling is fun. But at the same time, we should minimize the chances for losing...