They hated him, for he spoke the truth

Comments

• Shieldtoad@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

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• Ghostalmedia@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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  • MacNCheezus@lemmy.today ⁨1⁩ ⁨year⁩ ago

    That’s because they were betting other people’s money.

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    • maniclucky@lemmy.world ⁨1⁩ ⁨year⁩ 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.

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• demonquark@lemmy.ml ⁨1⁩ ⁨year⁩ 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.

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  • MacNCheezus@lemmy.today ⁨1⁩ ⁨year⁩ ago

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

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    • LemmyKnowsBest@lemmy.world ⁨1⁩ ⁨year⁩ 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.

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  • Slovene@feddit.nl ⁨1⁩ ⁨year⁩ ago

    STARTING capital?

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• itslilith@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

  I strongly think that OP is trolling ITT, but if not, I recommend checking out some introductory stochastics concepts, starting with expectation values

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  • MacNCheezus@lemmy.today ⁨1⁩ ⁨year⁩ ago

    Trolling? In a shitposting forum?

    I would never.

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    • itslilith@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

      ;)

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• SuddenDownpour@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

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

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  • MacNCheezus@lemmy.today ⁨1⁩ ⁨year⁩ ago

    Just wait until you see gymbro Jesus

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• markr@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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• ininewcrow@lemmy.ca ⁨1⁩ ⁨year⁩ ago

  You miss all of the shots you don’t take

  - St Gretzky, Patron saint of sports gambling

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• EmperorHenry@discuss.tchncs.de ⁨1⁩ ⁨year⁩ 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.

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• ryannathans@aussie.zone ⁨1⁩ ⁨year⁩ ago

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

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