Post
Topic
Board Gambling discussion
Re: Nobody wins in gambling anyway
by
TheCoinGrabber
on 04/06/2019, 00:38:21 UTC
So, i recently went to a local gambling place here in our city and i participated in this game called color game. In this game you will choose from five different colors and if you win, your price will be times four of your bet. The chances is obviously 20% and i myself admitted that i get hooked up to it immediately. Who else dont want an easy money by the way. What i observe is that nobody wins in gambling in any other way except if you are the owner of the said stall. Your chances of winning is just 20% and the initiator has 80%. Imagine that big?. Even though they quadruple your money, their winning steak is also higher than what they give to you. Plus, psychologically, if people experienced winning , they will not stop betting until they do not have enough money to bet. On the other hand, if they win, they will return the other day to gamble again. Lucky to them if they win again but most of the time, they are not.

The game you mentioned, I don't think I've heard of it before. Is this like in a fair?

Sounds harder to win in than most card games. The appeal seems to be like slots though - pull a lever, throw something, etc and see if you're lucky.

People CAN have a net positive gambling income, but you'd have to be extremely lucky. For most people, it's all loses.