• MacN'CheezusOPEnglish
      181·
      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.

        • MacN'CheezusOPEnglish
          51·
          10 months ago

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

        • MaoZedongers
          1·
          10 months ago

          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@aussie.zone
    231·
    10 months ago

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

  • itslilith@lemmy.blahaj.zone
    161·
    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.

    • MacN'CheezusOPEnglish
      13·
      10 months ago

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

      • 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

  • Johanno@feddit.de
    1·
    10 months ago

    I mean it can work if you go and only take 100€ with you to the casino. You can’t lose more and you shouldn’t go home for money of course

  • 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'CheezusOPEnglish
      1·
      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.