Ninjastic
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Quote from: Agbamoni on March 10, 2025, 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.

You gave your friend the best advice and if he's wise he'll listen. Saying he's planning a comeback on a casino is really wild and this is how a lot of people think, revenge gambling leads to more losses and even if you manage to recover your greed isn't going to let you walk away with what you have won instead you will keep trying to get More. Casinos were programmed for gamblers to lose, you can only get lucky and the moment you do it's best to run away if you can because you will definitely lose everything.
Original archived Re: The rule - Gamblers Ruin
Scraped on 04/05/2025, 20:52:47 UTC
Quote from: Agbamoni on March 10, 2025, 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.

You gave your friend the best advice and if he's wise he'll listen. Saying he's planning a comeback on a casino is really wild and this is how a lot of people think, revenge gambling leads to more losses and even if you manage to recover your greed isn't going to let you walk away with what you have won instead you will keep trying to get More. Casinos were programmed for gamblers to lose, you can only get lucky and the moment you do it's best to run away if you can because you will definitely lose everything.