Quote from: Agbamoni on Today at 08:03:32 PM

To be brief, i was in a discussion with my friends at home and one of them said he lost every penny he had yesterday in gambling and that he is thinking of a come back. It was so funny because its crazy to say you want to come back for the house or casino because the casino the house (casino) or market has an active unlimited funds, meaning they can outlast gamblers with small bankroll.

And then i thought about the Gamblers Ruin Rule. I explain simply to him that anyone who keeps gambling for a long time will eventually lose all their money, especially if they don’t have unlimited cash. If you're playing against someone with way more money than you (like a casino or the market), they can afford to keep going, but you can’t. No matter how lucky you are at first, if you keep playing, you'll most likely go broke in the end. After much argument he still made his decision to bet with the next payment he will get tomorrow.

Indeed, breaking the rules can be sto stressing if we knew that possession will endanger our funds. Unlike on those people with enough money to risk for long term gambling, but we should have to consider different factors that might ruin our several instances because it might affect you emotionally. I don't see any luck here, but it's a matter of decision making that you can't control once you violate that rule of thumb in gambling.