Quote from: johhnyUA on Today at 11:55:35 PM

Quote from: RapTarX on April 25, 2020, 02:25:44 PM

I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?

Because he is an greedy idiot, sorry for truth. Your question is resolved now.

Quote from: el kaka22 on April 30, 2020, 06:15:58 PM

I had a certain amount of money I earned from somewhere that I could have used very well, but it was from a casino so they put it on my account and instead of withdrawing like a smart person I gambled with it instead and earned more than 6 months of salary for me, and I lost it all of it. It really teaches you to be more careful about gambling and never had similar problem ever again.

Ha ha, classic! That's how does it works. You think like "ah, let's try again, let's play one more time, now i will win for sure!" but this is not how it works. Even honest probability is not acting like "he lost 3 times, so now he will win". Every single gamble round is separated from previous and next, so your winning chance will still the same all time. And it's very low

But on long distance you will lost everything, doesn't matter how much you won before/

So do we already settle that is really indeed greed that will make gamblers play until all their money is gone? I don't know any other reason for this though. Tongue