Post
Topic
Board Gambling discussion
Re: The Pattern that 99.9% Leads to Bankruptcy: High Rolling on Slots!
by
southerngentuk
on 16/03/2024, 20:50:42 UTC
The tendency of streamers  to increase their bets, regardless of the outcome.  This behavior is driven by a cognitive bias called the "escalation of commitment." A gambler on a winning streak.  They believe that a higher bet will yield a proportionally larger win, chasing the "high multiplier" you mentioned.  This is a classic case of the escalation fallacy – the mistaken belief that past actions influence future outcomes.

The same logic applies to losing streaks.  Streamers, fueled by a desire to "level up their game" or recoup losses, might increase bets hoping for a quick turnaround.  It's like a gambler throwing good money after bad, hoping to chase away the losses.

Smart gamblers understand the limitations of chance.  They set win and loss limits, and more importantly, stick to them.  Watching a streamer with x2 their bankroll lose it all due to escalating bets is a cautionary tale.