Quote from: Pandu Geddon on Today at 02:55:13 PM

Quote from: junder on Today at 02:26:05 PM

They conclude that their strategy is indeed successful, and even if they try it again in the next round, it won't necessarily result in a win, right?

Most gamblers try the same betting pattern and win before, only to lose again. There's no perfect strategy. Luck is definitely a key factor in winning.
Perhaps the strategy involves managing the bet amount. Sometimes gamblers bet the same amount, even the smallest bet, until the game ends. Others try to increase their bets after a few rounds.
Every gambler has their own unique way of betting. They do it for themselves, and it certainly boosts their confidence.

When a gambler wins multiple bets using a particular strategy, that gambler becomes overconfident and starts thinking of himself as an expert. And in the same way, he eventually loses all his money while gambling. Because no strategy in gambling is effective unless the gambler's luck favors him, and many gamblers do not understand this in time until they are faced with reality.

Therefore, gamblers should understand when to stop gambling and not consider themselves experts in order to save the money they have won.