markr,

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

ininewcrow,
@ininewcrow@lemmy.ca avatar

You miss all of the shots you don’t take

  • St Gretzky, Patron saint of sports gambling
SuddenDownpour,

From the creators of “Supply Side Jesus”, now comes “Texas Hold 'Em Jesus”

MacNCheezus,
@MacNCheezus@lemmy.today avatar
EmperorHenry,
@EmperorHenry@discuss.tchncs.de avatar

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.

itslilith, (edited )
@itslilith@lemmy.blahaj.zone avatar

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

MacNCheezus,
@MacNCheezus@lemmy.today avatar

Trolling? In a shitposting forum?

I would never.

itslilith,
@itslilith@lemmy.blahaj.zone avatar

;)

Shieldtoad,
Ghostalmedia,
@Ghostalmedia@lemmy.world avatar

Attend a gamblers anonymous meeting and you’ll meet a lot of people who have lost more than 100%

MacNCheezus, (edited )
@MacNCheezus@lemmy.today avatar

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,

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

MacNCheezus,
@MacNCheezus@lemmy.today avatar

Yeah, well, that’s their problem, isn’t it.

MaoZedongers, (edited )

See if I only bet 90% of every paycheck I still have 10% left over for lottery tickets

If I lose the 90%, I just gotta win the lottery…

ryannathans,

Except when you short stock, there could be infinite losses. Or perhaps with a contract for difference too

demonquark,

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.

MacNCheezus,
@MacNCheezus@lemmy.today avatar

Yes but you still only lost 100% of what you wagered.

LemmyKnowsBest,

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.

MacNCheezus,
@MacNCheezus@lemmy.today avatar

Well don’t be an addict. Jesus wouldn’t approve of that.

LemmyKnowsBest,

I’ve never gambled in my life. And never plan to.

Slovene, (edited )

STARTING capital?!

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