Post
Topic
Board Gambling discussion
Re: Fate or lack of control - Gambling
by
Smartprofit
on 28/04/2021, 17:41:55 UTC
Some used to pacify themselves with the term it is their fate to loss in gambling. Some say it is the lack of control that makes them loss big. Here I'm taking this into discussion relative to the game - Dice.

Same as this some used to mention winning as fate and some term the same as luck. I believe win out of dice is trick, and right exit strategy.

What is the truth in this regard, because users like me are always go lack of control even when luck is on our side. End of the day used to pacify thyself terming it as our fate and move on. Hope you guys don't do this mistake. Cry Cry

Most gambling is based on the theory of probability. 

Therefore, it makes sense to estimate the probability of your winning at the beginning of the game.  If the probability of winning is less than 50 percent, then you are guaranteed to lose if you play long enough. 

There are gambling games in which your potential winnings are determined solely by your qualifications and your intellectual superiority over your partners in the game (for example, poker). 

In such games, it is advisable to choose the weakest and dumbest partners for the game.  This will guarantee you an easy win.
As I've also mentioned previously, gambling is a game of chance, simple probabilities that we were taught in school (with the rolling dice being the most popular example). On each game, you have an X chance of winning and a Y of losing, the faster we acknowledge that, the better. All gambling games include the most contributing factor, which is chance, while a few other such as Poker, Roulette, or sport betting do require some kind of knowledge and skills.

Yes, I agree. 

Such gambling is essentially a zero-sum game.  Either you or your opponent win.  You have a 50 percent chance of winning. 

However, this is true for a situation where there is no third party in the game (the organizer of the gambling game).  If there is an organizer in the gambling game, then the probability of your winning is less than 50 percent. 

This means that with a long series of games, you will inevitably lose. 

Luck won't help you.  Probability theory is a strict mistress that cannot be fooled.