In this position, I exist to provide a hypothetical situation to test your perspective on casino ligajago. And I’m going to ask you what the better situation is for a wagerer.
You should think regarding your answer to the question first before I give a thorough explanation. Whether you think about your answer, write it down on a component of paper or on your phone, it’s best to make note of why you reached upon that conclusion.
Then, figure out what you can learn from this riddle by reading my illumination.
The Hypothetical Gambling Function
My mates Patrick and Lee are the two gamblers in question. Patrick takes three journeys to the ligajago.
A Couple of Assumptions About the Two Gamblers
Rather, let’s assume that both Patrick and Lee are professional gamblers. They only place bets when they have an edge over the casino. Both of them would rather eat liver with onions than placing a negative expectation bet slot online.
Second, let’s assume that both of them are bankrolled well enough that their risk or ruin is appropriately low—less than 1%. If you assume these two things, how do you decide which of the two gamblers is in the better situation?
Who’s doing it right?
The Development of Psychology on Gambling
Some people might prefer Patrick’s position. Even though he broke even, he was never down more than $300. Some people are just more comfortable dealing with lower stakes. These people might not make it as pros even if they’re sticking with positive anticipation bets. After all, if you’re not putting enough money into step, your edge won’t translate into enough dollars and cents to earn a living.
As terrifying as being down $3,000 might sound to some people, Lee’s results after the first two trips to the ligajago won’t bother him at all. He’s confident that he’s making the right decisions all the time. And he’s also comfortable that he won’t go broke; he has a big sufficiently bankroll to handle the swings.
Here’s Another Hypothetical Situation
You don’t have considerably control over this, but if you win on trip #1 and lose on trips #2 and #3, you won’t see the same kind of red carpet treatment from the casino.
Let’s assume that Lee won $3,000 on his first trip to the casino, but then he lost $2,000 on his second trip to the casino.
Conclusion
Another variation of this riddle is presented in Million Dollar Video Poker by Bob Dancer, although I’ve covered some ideas that he missed in his book.
Learning HOW to think about these situations is critical if you’re serious about gambling for a possession, though. Even if you’re a recreational gambler, you should understand the math and thought process well enough to get the most for your money.