Quote from: Quidat on May 15, 2021, 08:44:30 PM

Quote from: Silberman on May 15, 2021, 08:21:21 PM

Quote from: Vaskiy on May 13, 2021, 03:01:27 AM

The beginners luck is a big attraction of gambling sites. Myself too experienced it during my initial days of gambling. This drives the beginners go further with big funds. Myself had good luck, but the same didn't last as I don't have control on money management. Later the mind never accept the defeat and want the lost funds back. In the race of recovering the funds I'm running for years.

One who has experienced the losses on gambling can easily stand a chance to profit and experiment trading.

The thing with beginners luck is that due to the fact that you have not gambled for long the variance in your results is going to be at the highest point of your gambling life, some are very unlucky when they gamble and they may never gamble again because of it, but when someone gets lucky at the beginning of their gambling journey they may actually think there is a way for them to beat the casino and that is when they use a big amount of capital only to lose it all later as they have not realized yet the power of the house edge.

Dont really believe on that beginners luck since odds of a veteran one and a newbie would really be just the same when we do talk about luck based type games.
It is just been created on that kind of call when someone is totally new on playing and did able to make some good hits but its not really that making
some difference at all but if we do talk about strategic based ones then you could eventually say that winning percentage or chance is much more higher
into those people who had really that experienced on a particular games.

The luck is the same but the variance is not, lets use this market as an example, bitcoin is the best coin in the market and lets suppose we want to compare its results against a completely new coin, we are going to find out that the new coin moves more abruptly than bitcoin and that is completely natural as the coin is new, this happens as well when you gamble, someone that has gambled for a long time will have their results come very close to the expected probabilities while a newbie could get very different results simply because the law of large numbers did not had the time to take effect yet.