Quote from: Patatas on July 19, 2019, 07:58:13 PM

A very interesting read indeed. Love the breakdown on github as well. The Gambler's Fallacy is well known and there are books, movies, shows based on it.

Quote from: DarkDays on July 19, 2019, 02:19:00 PM

What makes you say that humans are very bad at gambling?

How many humans do you personally know who are good at gambling? Like do the math and you wouldn't be surprised what is the ratio of good gamblers compared to bad gamblers.

Thank you! I find this stuff fascinating, originally got into it after getting into an argument with a friend over win streaks in a video game. I still do this all the time, but at least I am aware I am doing it so I can alter my thinking.

As for the "humans are bad at gambling" thing:

It was a bit of an over-generalization, what I really meant was that humans suffer from many biases, making success extremely hard. But to be clear: "There is no good gambling", I think it's more along the lines of "smart" gambling. Meaning that you can't change the odds, but you can be aware of them and limit yourself accordingly.

My point being that "smart" gambling has nothing to do with winning or losing, but more with how you think about it.