Casino principle vs. risk of ruin

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GroovEye

Age: 34
Total Posts: 197
Points: 10

Location:
NY, United States
As casinos and trading both work on probabilities, when you have an edge and overall positive expectancy, you are making money in a long term. You might have a streak of losers but after many trades, the total result is positive. That's how casinos never loose money. Why then, if you calculate the risk of ruin, the more trades you base it on, the higher your probability of ruin? The risk should go down with increasing number of trades.
Posted 12 Mar 2021

Dubovik says
Any online casino is always a risk of losing your money. Nevertheless, many people play at casinos not for the sake of winning, but for the sake of pleasure and are willing to pay for it.
Those who want to earn money most often take the choice of an online establishment as seriously as possible. Read reviews, player reviews, etc. Browser sites are great for this, for example avtomaty.com.ua/na-gryvni.
Posted 12 Mar 2021

Striker1s says
I don't like to play casino.
Posted 12 Mar 2021

Nortman says
I don't think that it's possible to win money there.
Posted 12 Mar 2021

turelan says
This plan doesn't always work, people are playing casinos or try to win money on bets hoping that once they will be able to win a fortune, but often they simply lost all their money. I prefer to go to a casino to spend funny time with my friends. Even nowadays we play together on pkv games, it's the same as playing in Las Vegas as we did before, but it's still better than spend all day long sitting on the sofa, and remember about the good times that we had before. None of us had ever won much money at a casino, and I even don't think that it's even necessary if you go there to relax, don't think about how to win money there, but about how funnier to spend time.
Posted 12 Mar 2021

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Posted 27 Apr 2021

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