Quote from: actmyname on March 28, 2018, 08:28:59 AM

Quote from: LuanX3 on March 27, 2018, 12:06:40 PM

It does change it. Theory is different from actual. Again, the equation does not factor in human emotions since it is an outside factor. In a perfect world, if the gambler and the casino play an infinite number of games without any other factor then yes both will get 1.00. But the fact is that you still have to factor in human greed and the limits. Well, I guess this is just going in circles and we both agree to disagree.

No, you are going in circles by begging the question and you do not understand the extent of my argument.

Greed does not matter. Individual profit does not matter. It is the total profit of all the players vs. the casino that does matter which is expected to be 0.

So a player gets greedy. There are two outcomes: they win the bet or they lose the bet. The expected profit is 0 from both sides. Thus, as a long-term investment, nothing happens and the casino wastes money from server hosting.

I get what you are saying however you are forgetting this.

If someone buys some scratch tickets and loses, they lost their money.
If someone buys some scratch tickets and wins, they buy more scratch tickets and lose their money anyways.

So fear and greed do play a type of roll.

With 0% house edge however can be overcome by greed and fear by just making an autobot which doesn't feel emotions .