Quote from: redsun114 on November 16, 2019, 04:10:00 PM

Yeah, random is the most important part of the deal and people have been still trying to calculate how the results could be good or bad in a row.

Now what you don't realize is that when you do martingale and bet 100 satoshi for example on 2x that means if you win 5 times in a row that is 500 satoshi won and you will not realize it more often, however when you lose 5 times in a row that will go from 100 to 200 to 400 to 800 to 1600 and you will lose 3300 satoshi, so 5 times in a row winning gives you 500 satoshi but your 5 times in a row lose gives you 3300 loss which is why there is really no way of not noticing the losses but it is quite easy to not see the wins.

Yeah, there are still people who check the wins as well but the results will be a "random" way of losing money in the end.

Elaborating on your comment, what makes the crash gambling concept brilliant (from the casino's perspective) is that it hones in on many of the cognitive distortions often found in gamblers:

Attribution: Problem gamblers may believe their winnings occur as a result of their efforts and not randomly.
Systems: Problem gamblers may believe that by learning or figuring out a certain system (a pattern of betting in a particular way), the house advantage can be overcome.
Selective recall: Problem gamblers tend to remember their wins and forget or gloss over their losses.
Near miss beliefs: Problem gamblers reduce the number of losing experiences in their minds by thinking they almost won. This justifies further attempts to win.

[source: verywellmind.com]