You're basically losing money if you don't

Comments

• GCostanzaStepOnMe@feddit.de ⁨1⁩ ⁨year⁩ ago

  It’s fifty fifty. Either you win money, or you don’t.

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  • anolemmi@lemmi.social ⁨1⁩ ⁨year⁩ ago

    Just got two Powerball tix for tonight, thanks! Since one ticket is 50%, two should basically guarantee I win!

    Gonna go kick my boss in the balls and walk out, should be fine, right? Probably.

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    • Gigan@lemmy.world ⁨1⁩ ⁨year⁩ ago

      two tickets actually lowers your odds

      50% x 50% = 25%

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    • son_named_bort@lemmy.world ⁨1⁩ ⁨year⁩ ago

      I see no flaws here.

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    • Karyoplasma@discuss.tchncs.de ⁨1⁩ ⁨year⁩ ago

      Correct. Do it like Homer and use you boss’s head as bongos.

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  • Honytawk@lemmy.zip ⁨1⁩ ⁨year⁩ ago

    That would imply the one organising the gambling isn’t taking a cut.

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    • GCostanzaStepOnMe@feddit.de ⁨1⁩ ⁨year⁩ ago

      Nah you’re wrong

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• Kruemel@feddit.de ⁨1⁩ ⁨year⁩ ago

  Sorry i’m the boring guy. It is (more than) 20 times more probable to lose 100% than to win 2000% in most gambling.

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  • ifGoingToCrashDont@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Actually it’s 50%. Either you win or you don’t: 50%.

    /s

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  • The_Picard_Maneuver@startrek.website ⁨1⁩ ⁨year⁩ ago

    You’re going to get us kicked out of the casino!

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  • byroon@lemmy.world ⁨1⁩ ⁨year⁩ ago

    That’s just what the casinos want you to think. They don’t want you taking their money!

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• son_named_bort@lemmy.world ⁨1⁩ ⁨year⁩ ago

  And if you lost 100% of your money last time, then you’re due to win 2000% this time.

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• gravitas_deficiency@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

  simultaneously laughs and sobs in leveraged investments

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  • Blackmist@feddit.uk ⁨1⁩ ⁨year⁩ ago

    Leveraged “investments”.

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• pipe01@lemmy.pipe01.net ⁨1⁩ ⁨year⁩ ago

  Why stop at 2000%

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• Ddhuud@lemmy.world ⁨1⁩ ⁨year⁩ ago

  There’s this thing, called debt tho…

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  • v3x@lemm.ee ⁨1⁩ ⁨year⁩ ago

    not if you gamble for long enough

    statistically the longer you gamble, the higher the chance that you’ll win and make your money back, it’s math bro

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• ByteWizard@lemm.ee ⁨1⁩ ⁨year⁩ ago

  Lottery and gambling are taxes on emotionally weak people who can’t do math.

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  • ladicius@lemmy.world ⁨1⁩ ⁨year⁩ ago

    Lotteries unique selling point is hope.

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    • ScrotusMaximus@lemmy.ninja ⁨1⁩ ⁨year⁩ ago

      Isn’t it telling that our society has to gamble on hope because there is a perception of no other chance?

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    • ByteWizard@lemm.ee ⁨1⁩ ⁨year⁩ ago

      Sure, but the hope is a result of the first two issues.

      They can’t do the math so they think there is a chance. And because they WANT there to be a chance they ignore every time they lose.

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  • Ddhuud@lemmy.world ⁨1⁩ ⁨year⁩ ago

    They know, that’s their target audience. Desperate people.

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  • Blackmist@feddit.uk ⁨1⁩ ⁨year⁩ ago

    Ah, my bread and butter… Thrill-seeking rich folk with a poor grasp of statistics and probability.

    Manny Calavera, travel agent.

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• thepianistfroggollum@lemmynsfw.com ⁨1⁩ ⁨year⁩ ago

  There’s theoretically no upper limit of how much you can increase your money.

  I mean, at a certain point you’ll end up devaluating the currency to the point that the economy collapses, but that’s a later problem.

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• krakenx@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Don’t forget that you lose 3% to inflation every year, and even more when we are in hyper-inflation like we are now.

  Gambling in Wall Street’s Casino is, by design, the only way to have a chance not to lose money.

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• CyberCatBytes@kbin.social ⁨1⁩ ⁨year⁩ ago

  So true

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