Post
Topic
Board Gambling discussion
Re: Are Nassim Taleb's ideas useful in gambling?
by
dothebeats
on 26/04/2024, 16:22:33 UTC
I know some of his words, but number 1 certainly resonates with me on a personal level.

I often get fooled by certain events that happened in succession with the same outcome thinking that all of it was forming a pattern of some sort. This is what I thought of in dice games but little did I know that these are nothing but random events forming similar outcomes. I thought for a second that I could make some money off it, and when it happened for 3 times, I was certain that the next roll would be in my favor (high). I went all in and bam, I just lost all my bankroll because it rolled low.

I'm pretty sure most of us here were deceived by randomness thinking it was a pattern forming before our eyes. Until now, I'm still making those assumptions, though I am very careful in my next steps because it could be something that I might regret again just like the last time I bet on it thinking it would be in my favor.