I think the gambling gene is just the lack of education. Knowing the basics of probability theory should stop people from gambling.
Amazing how no one has ever tried telling compulsive gamblers they are uneducated and illogical. According to logic we will eliminate gambling addiction. All we have to do is wave our logic wand, say the logic words, and believe in logic, and all the most complex social and economic problems become so simple.
Logic sure is magical. /s
Good shitpost
What's there to learn? It's always 50/50: you either win or you lose
This combined with the fact that you can only lose what you have but win a lot more makes it the smart thing to do
I assume this was probably a joke, but just to clarify for anyone unfamiliar with the idea: there is a concept in probability called expected value, which estimates the average outcome of a random event over many repetitions.
If the expected value of a gambling game is 0, the game can be considered fair: on average, you neither win nor lose money.
If the expected value is positive, the game is biased in your favor: over time, you would expect to win more than you lose.
If the expected value is negative, the game is biased against you: over time, you would expect to lose more than you win.
Expected value is calculated by multiplying each possible outcome by the probability of that outcome, then adding the results together. For example, suppose you bet 10€ on a coin flip. If you win, you receive 10€ in profit; if you lose, you lose your 10€ bet. With a fair coin (probability to get each side with a 50% probability), the expected value is:
0.5 * 10 + 0.5 * -10 = 0
So this game is fair.
But if you only win 8€ when you guess correctly, while still losing 10€ when you guess incorrectly, the expected value becomes:
0.5 * 8 + 0.5 * -10 = -1
That means you lose 1€ on average each time you play.
Most casino games, sports betting markets, and similar gambling systems are designed to have a negative expected value from the gambler’s perspective. In other words: statistically speaking, the house wins in the long run, and the player loses.
Just have ad blocker!
Why subject yourself to ads? You do know they're optional right?
Didn't get the gambling gene, got the fat gene tho as well as the depression gene, the I'll never be good enough gene, the alcoholism gene and so on and so on....
But not the gambling gene, so let's goooooooooooo
I don't get ads (except when I'm watching broadcast TV) but yeah I'm glad I don't have the gambling addiction gene.
I've went to a casino. Played the penny slots. Put in like 20 or 40 dollars. Made the money back, and was done. Idk, I just don't really get the appeal of gambling.
I hit a royal flush a long time ago! So, I’m way up against the house and i don’t gamble. 😁
it's dopamine all the way down. I'd like to play the lottery once a week, because you never know, but I find it so boring that I just forget about it.
So I play every two/three months, and after playing I forget to check the results for months again...
I used to walk them with a friend, but never played anything. (It was warm place to get steps in, in the winter)
There where a coupla times he threw a 20 a slot machine in for shits in giggles and I usually followed outta boredom.
I'm up by like $250-300, just kinda took the free ounce of dabs worth of cash I got and never had any reason to go back to it.
Ads? What are those?
I get so many ads for AI "girlfriends" and Airbnb and I don't use either. But they're welcome to waste their money buying ads that will never pay off.
Unfortunately, if ads were a waste of money they wouldn't pay for them. The reason we are inundated with ads it's because they work. Of course not on everyone, but they don't care about a particular individual, they care about the aggregate.
Yeah, I don't get it either. I find gambling either boring or stressful.
I find slot machines both boring AND stressful.
It never stops being funny how everyone posting ad memes only manage to out themselves are being too dumb to use adblockers (which are grandma with cognitive issues level easy to get and use).
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