Post
Topic
Board Gambling discussion
Re: Get one btc right away or 5 btc with a bet?
by
Smartprofit
on 13/04/2024, 08:54:56 UTC
It's not always easy to make the right decisions. Are you a gambler? If you're offered 1 btc without playing or 5 btc by playing (with a chance of 2 to 1). What do you do?

There are practically no situations in gambling where the chances of winning are 50%. 
Usually they are smaller.  For example, when playing roulette there is a zero sector (in American roulette there are two zero sectors), these are the bets that go in favor of the casino when playing red/black.  That is, gambling based on luck initially assumes that the player will lose after playing for a long time.  Therefore, I would not lose my bitcoin for the illusory hope of increasing the number of my bitcoins. 
I am not a gambling person, and besides, I know and respect the mathematical theory of probability.