NorthImpossible8906
NorthImpossible8906 t1_iryibv7 wrote
Reply to comment by nautilus_red in Roulette simulation: 10'000 players each betting 5'000 times (74% chance of having a negative return ) [OC] by nautilus_red
> 25'000 bets per person and there is still a probability of above 6% to walk away with a positive return.
and that is exactly the hook. The thing that makes gambling more addictive than crack heroin.
NorthImpossible8906 t1_irwibxv wrote
Reply to Roulette simulation: 10'000 players each betting 5'000 times (74% chance of having a negative return ) [OC] by nautilus_red
for the figure on the right, is the x-axis title correct? Or should that be the number of people?
Frankly, I'm surprised roulette single number betting doesn't zero out faster. The odds are 37 to 1 (or perhaps 36 to 1) against winning. (Payout is 35 to 1). Still, a fairly nice profit for the house. Hundreds of people losing thousands of dollars.
NorthImpossible8906 t1_isc7cth wrote
Reply to Quack quack by weirdbolddude
that is not a duck.