I don't know any about the book but I guess I will use what I can understand.
Here is what I do. If I hit a 7 of 9 number in a medium-risk Keno game, I will check that ticket and see what numbers did not hit so I can change them. Sadly, it does not work, and the sadder part is I still kept on doing it.
Well, that one part of Keno where I enjoyed it so I guess it's alright.
1. Ideas from the book “Fooled by Randomness.” There are many ideas that boil down to the fact that we often mistake randomness for a pattern.
This probably is the best way to define Keno. I do this and I think I am foolish to believe that it can work. Here is what I do. If I hit a 7 of 9 number in a medium-risk Keno game, I will check that ticket and see what numbers did not hit so I can change them. Sadly, it does not work, and the sadder part is I still kept on doing it.
Well, that one part of Keno where I enjoyed it so I guess it's alright. 2. Ideas from the book “Black Swan”. Strategies based on anticipation of the Black Swan.
Unexpected with consequences. I think this happens a lot. 3. Ideas from the book “Antifragile.” By the way, the concept of “barbell” is also from this book. Keep 90% of the bank in conservative assets and 10% in
high-risk assets.
I just checked the plot of the book through Google and I think this talks not just about gambling but also about risk-management. A lot of times we will be affected by stress and that clouds our minds and our decision-making goes south. But I do think it can be used in gambling, actually, I might read this and who knows if it might help me how to be stronger mentally. high-risk assets.
If you think any of these ideas can be applied to gambling, explain why you think so and how specifically it can be applied. If you believe that Nassim Taleb's ideas only apply to options trading and not to gambling, tell us more about your position.
Both have risks and we must be prepared mentally. We cannot just decide and think carefully about what is happening. It does happen a lot in gambling. Recently, I had a bad amount of loss and my mind was stuck with the idea of an RTP but it didn't happen. And I don't want to happen to me again. We can be weak when we are stressed, controlling that emotion is a must.