• MacN'Cheezus@lemmy.todayOPEnglish
      171·
      10 months ago

      That’s because they were gambling with other people’s money.

      If you only bet with what you can afford to lose, that’s never going to happen.

      • maniclucky@lemmy.world
        152·
        10 months ago

        Woof that slope is slippery. The trick is measuring what you can afford, and a lot of people aren’t great at measuring that.

  • itslilith@lemmy.blahaj.zone
    152·
    10 months ago

    I strongly think that OP is trolling ITT, but if someone seriously thinks this is an argument for gambling, I recommend checking out some introductory stochastics concepts, starting with expectation values

  • demonquark@lemmy.ml
    174·
    10 months ago

    Theoretically you can lose more than 100%. If you first win 2000% and then lose everything, you’ve technically lost 2100% of your starting capital.

      • LemmyKnowsBest@lemmy.world
        4·
        10 months ago

        The mind of a gambling addict is a sick sick mind. I’d like to think that if I came out 2000% richer, I would hold and walk away and be happy with that.

        but gambling addicts come up with all these rationalizations like you mentioned. rationalizations that make them keep gambling No matter how much they’ve won or lost and they are never satisfied.

  • markr@lemmy.world
    3·
    10 months ago

    Leg breaking was invented to handle the idiots who were in to their bookies for way more than 100%.

  • IninewCrow@lemmy.caEnglish
    3·
    10 months ago

    You miss all of the shots you don’t take

    - St Gretzky, Patron saint of sports gambling

  • EmperorHenry@discuss.tchncs.de
    1·
    10 months ago

    That’s only if the gambling place doesn’t rig the games…by the way, every gambling place has a business model that depends on their customers losing all their money.

    • MacN'Cheezus@lemmy.todayOPEnglish
      0·
      10 months ago

      Licensed casinos aren’t allowed to do that, that’s why they like to comp gamblers their drinks, including alcohol, instead. Makes people stay longer, lose their inhibition, and increases the chance that if they do win, they’ll keep playing until it’s all gone again.