Attend a gamblers anonymous meeting and you’ll meet a lot of people who have lost more than 100%
They hated him, for he spoke the truth
Submitted 5 months ago by MacNCheezus@lemmy.today to [deleted]
https://lemmy.today/pictrs/image/bb1277e3-3c11-4893-9912-4e91a860c131.jpeg
Comments
Ghostalmedia@lemmy.world 5 months ago
MacNCheezus@lemmy.today 5 months ago
That’s because they were betting other people’s money.
maniclucky@lemmy.world 5 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.
demonquark@lemmy.ml 5 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.
MacNCheezus@lemmy.today 5 months ago
Yes but you still only lost 100% of what you wagered.
LemmyKnowsBest@lemmy.world 5 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.
Slovene@feddit.nl 5 months ago
STARTING capital?
itslilith@lemmy.blahaj.zone 5 months ago
I strongly think that OP is trolling ITT, but if not, I recommend checking out some introductory stochastics concepts, starting with expectation values
MacNCheezus@lemmy.today 5 months ago
Trolling? In a shitposting forum?
I would never.
itslilith@lemmy.blahaj.zone 5 months ago
;)
SuddenDownpour@sh.itjust.works 5 months ago
From the creators of “Supply Side Jesus”, now comes “Texas Hold 'Em Jesus”
MacNCheezus@lemmy.today 5 months ago
markr@lemmy.world 5 months ago
Leg breaking was invented to handle the idiots who were in to their bookies for way more than 100%.
ininewcrow@lemmy.ca 5 months ago
You miss all of the shots you don’t take
- St Gretzky, Patron saint of sports gambling
EmperorHenry@discuss.tchncs.de 5 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.
ryannathans@aussie.zone 5 months ago
Except when you short stock, there could be infinite losses. Or perhaps with a contract for difference too
Shieldtoad@sh.itjust.works 5 months ago
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