Do you know anyone who is heavily into gambling?
i am Curious to know the different views about this above questions
Here's what i think:
1) Misconception that Gambling is an easier way to make money.
2) Imagine You bet 1 BTC at 90% and you win. You just got 10% profit. Now imagine you convert 1 BTC to fiat and deposit at the Bank. Wait for 2 years to get some 12% interest. Which is quicker? Of course betting at 90%. Idk why people never understand that 90% chance to win is not 100% chance to win. I've seen people loose 5 times in a row at 95%(thankfully all were 10 satoshi bets).
3) People win smaller and that makes them happy. They start playing more.. Another big win... Again start playing... HUGE LOSS.... Now what? Now, they want to recover what they lost. They bet again and again until they loose everything... Proof? Same thing happened to AKCoinMiner at Primedice