What do you guys think about "trading on casino profit chart?". Not saying about doing regular TA (trend lines etc) but simply investing on the dips? From first look it does not makes sense. This chart is not moving based on supply and demand and should be moving 100% random in short term while in long term going up, but is it 100% random?
I'm just thinking:
-How often did you withdraw your profit from gambling site?
If someone wins big:
In most cases people gamble until they loose everything. Even if they double/tripple they come back next day to lose it all. They have different approach with profit money than with earned money (are willing to take more risks).
If someone loose big:
In most cases leaves casino for a while (waiting for next month salary f.e). He simply can't play more without money.
So i'm saying that after dumps casino has higher chances for short term profit than after pumps and that dives you nice kick for the start of your investment.
That does make sense indeed.
I have heard of it multiple times that its good to invest on dips.
Players are greedy, they simply are!
So when people win, they usually dont leave the casino with the winnings.
They stay or come back and gamble again, often losing their winnings and even more on top of that.
There can only be so much luck and the house edge will eventually even out.
Same goes for people losing as you mentioned, they keep chasing their losses and lose more and more...