Post
Topic
Board Service Announcements (Altcoins)
Re: Just-Dice.com : Invest in 1% House Edge Dice Game
by
Oleander
on 30/09/2013, 21:55:43 UTC
Quote
This does not change the fact that trying to "ride the waves" or "predict the patterns" by investing/divesting multiple times while Nak is playing is just another form of gambler's fallacy. There are no predictable waves, no patterns, just random events.

If this is true, then investing / divesting does no harm (other than the opportunity cost of not being invested part of the time).

On the other hand, investing / divesting seems to work very well.

If I'm not 100% convinced of the Gambler's Fallacy explanation, then it is reasonable to invest / divest.  At best, I come out ahead.  At worst, I come out about even.