Post
Topic
Board Gambling discussion
Re: Logic of some gamblers against math
by
Findingnemo
on 16/12/2023, 18:16:10 UTC
Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

I know the law of gravity but what is the law of mathematics regarding luck?  Did you mean probability?

Strange but it make sense, let say you bet $1 and hit 100x so the reward will be $100 and you decided to continue because you felt the luck factor so I won't be surprised if you did repeat $1 bet 10 times or 20 times even after the continuous bust, it doesn't make any sense if they lose 99 times and believe that remaining 1 will give another 100x.