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.
In gambling, 99% of the gamblers are loser and the rest is winner. Imagine, 1 out of 100 is only the winner and the other sides are always losing. However, we don't know who is the lucky person. Maybe, you or me. Therefore, we need to risk in gambling until that 1% will become us.
That will be difficult to take a risk in gambling because we already have a chance to get lose in the gambling. I am not sure that 1% will become us because there are possibilities to be other people too and we don't know what will happen later. But if that 1% will be on the house side, then I am sure that the house will always take that 1% and even more than 1% as they will make the most money in the gambling industry.
So it is better to not depends on that 1%, and we need to enjoy gambling games while we can.