investment

Comments

• montechristo@feddit.org ⁨1⁩ ⁨year⁩ ago

  People how know what an expectation value is are typically not so fond of gambling. Reminds me of the story when a physics conference took place in Las Vegas and resulted in a really low take for the casino.

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  • tias@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

    I gamble very rarely and am fully aware of its expectation value. But when I do gamble I still enjoy it, in the same way I might enjoy an amusement ride. Sure I part with some of my money but it’s just the fee for some thrill and entertainment.

    If you start thinking of it as a way to earn rather than waste your money, you’re lost.

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    • SSUPII@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

      I get my gamble dopamine from gatcha mobile games and Pokemon TCG packs

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    • SkyeStarfall@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

      While I get this sentiment, to me it still feels pointless, because it all just seems… boring?

      Because what’s the thrill? That you might win money? But then if you intentionally go in with your sentiment, there is no money to be won. The thrill is gone.

      Why not just play a video game instead?

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  • sp3ctr4l@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

    Hi, Econometrician here.

    We routinely and regularly refer to State run lotteries with such phrases as ‘the idiot tax’.

    As in, it is a regressive form of taxation, that hurts idiots.

    …

    I’ve actually gambled once in my entire life, at a horse race.

    My strategy?

    Walk in with $40 bucks.

    Place a $5 dollar bet on the horse with the silliest name.

    … I ended up walking out with $60 bucks, after being able to pay for a hot dog / fries / drink.

    Stonks. Gambling.

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  • NeatNit@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

    I love that factoid! It was also a question on Lateral podcast. I just spent a few minutes trying to find it on their highlights channel on YouTube, but no luck.

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• TheImpressiveX@piefed.social ⁨1⁩ ⁨year⁩ ago

  With gambling, you have a 50% chance of success. Either you win, or you don't. It's 50/50.

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  • IhaveCrabs111@lemmy.world ⁨1⁩ ⁨year⁩ ago

    You either win when betting your family home on 5000:1 odds or you win. It’s 50:50.

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• RandomVideos@programming.dev ⁨1⁩ ⁨year⁩ ago

  Assuming you have a 50% chance to double your money and a 50% chance to lose all of it, you would have a 97% chance to leave with no money and a 3% chance to leave with 3200% of your money

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  • ivanafterall@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Image

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• FelixCress@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Probability however…

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• Aurenkin@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  Hahaha yeah true…

  Now go get your fucking shine box

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