Are you saying gamblers usually set only lower limits and not upper limits?
I think we should have limits for the wins and losses. However it's most probable to have losses on long run as we can't make more profit than dice sites. Maybe in some weeks you will have profit, but on the next weeks the dice site will get their profit and you will lose money.
Topic: Upper and lower limits - page 2. (Read 606 times)
I'm so confused to understand what you are trying to prove here? it is mathematically impossible for the house to lose in the long run, you realize that math doesn't lie? you can't really manage your loss or gain especially in dice gambling, you put a bet then roll the dice and you either win or you lose.
If you win there is absolutely no guarantee that your next bet is going to win. when you lose it is though more probable to lose the next bet.
You can argue years after years about gambling and luck but what is luck truly? how do you define luck? do you really believe that luck is something random? if it's not random then who or what force derives your luck? and if it's completely random then you should know that house edge is there to make sure the end results are in their favor and not your's.
How can it be random though? in a world where the smallest particles can change their behavior to defeat human mind nothing is random.
Do you know anything about quantum physics? an experiment where scientists throw one particle and place 2 slots opened in front of it and a board behind the slots and they see that 2 particles appear on the board, but how can 1 single particle becomes 2 and hit the board? as if it duplicated itself right before passing through the slots, so every time when that particle had to chose between those 2 slots it chose both of them.
It gets interesting when they decide to take screen shot from the particle right before it turns into 2 particles but every time they took screen shots they could only see 1 particle going from slot A or slot B, every time they watched the process only 1 particle hit the board not 2.
Then they decided to take screen shot after it passed the 2 slots trying to trick matter
but guess what happened? again they only saw 1 particle as if it went back in time and passed from only 1 slot like it knew that they will try to take a picture from it just mind blowing, how's that for randomness?
If you win there is absolutely no guarantee that your next bet is going to win. when you lose it is though more probable to lose the next bet.
You can argue years after years about gambling and luck but what is luck truly? how do you define luck? do you really believe that luck is something random? if it's not random then who or what force derives your luck? and if it's completely random then you should know that house edge is there to make sure the end results are in their favor and not your's.
How can it be random though? in a world where the smallest particles can change their behavior to defeat human mind nothing is random.
Do you know anything about quantum physics? an experiment where scientists throw one particle and place 2 slots opened in front of it and a board behind the slots and they see that 2 particles appear on the board, but how can 1 single particle becomes 2 and hit the board? as if it duplicated itself right before passing through the slots, so every time when that particle had to chose between those 2 slots it chose both of them.
It gets interesting when they decide to take screen shot from the particle right before it turns into 2 particles but every time they took screen shots they could only see 1 particle going from slot A or slot B, every time they watched the process only 1 particle hit the board not 2.
Then they decided to take screen shot after it passed the 2 slots trying to trick matter
but guess what happened? again they only saw 1 particle as if it went back in time and passed from only 1 slot like it knew that they will try to take a picture from it just mind blowing, how's that for randomness?
Often on gambling threads, especially related to gambling addiction, I see the phrase: "know when to stop".
But this doesn't always mean the same thing. When talking about probability-based games like dice, I often see people talking about lower limits - for example, people stop if they've lost more than say, BTC0.01 in a week. But then what's the point of a house edge if you're intent on losing? If you have a set amount which you are willing to lose, in most cases you will continue to play until you lose that much, and since you have less money than the house, the house actually will always win.
But there's a solution to that. You set an upper limit as well as a lower limit.
Say the house edge was 1%. You bet with a lower limit (potential loss) of BTC0.01 and an equal upper limit.
Then when you bet, your chance of losing is not near 100%, because you actually know when to stop, and you can actually stop in winning positions.
Do you set an upper limit in probability games? Why or why not, and how do you lose the least when you know that in the long term the house will most likely win?
But this doesn't always mean the same thing. When talking about probability-based games like dice, I often see people talking about lower limits - for example, people stop if they've lost more than say, BTC0.01 in a week. But then what's the point of a house edge if you're intent on losing? If you have a set amount which you are willing to lose, in most cases you will continue to play until you lose that much, and since you have less money than the house, the house actually will always win.
But there's a solution to that. You set an upper limit as well as a lower limit.
Say the house edge was 1%. You bet with a lower limit (potential loss) of BTC0.01 and an equal upper limit.
Then when you bet, your chance of losing is not near 100%, because you actually know when to stop, and you can actually stop in winning positions.
Do you set an upper limit in probability games? Why or why not, and how do you lose the least when you know that in the long term the house will most likely win?
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