Logic of some gamblers against math

[danherbias07]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

It's true, your luck goes less after it. But there are instances where the multi-win continues. Trust me, I've seen it.
But, I do understand where you are going with your statement. Yes, if you get a multi-win then you could withdraw and enjoy your profits and if that is your strategy then keep it. It's the best one out there and it means you have control.
Greed is the main reason why any gambler would want to continue gambling after a multi-win. It's not just about "luck" too, after a big win, the thought process of having an enormous amount of budget to bet more is lingering in their mind.
Let's say I hit x1000, my point of view becomes different and it's not about withdrawal, I dare to bet 100 more, if it loses, I can go 200 more because I have the funds and it keeps on going until I lose all the profits.

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[TelolettOm]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

This happens often, a situation that plays on our psychology. Excessive self-confidence and feeling that one's luck is very high in the game or gambling. Even though that was the beginning of the person's involvement in gambling. Yes, maybe that person was really lucky with his win at the start. However, it could be a trap so that the person believes that he will get even more money there.

When someone is interested in more and has very high hopes in gambling, this is a quite risky moment for that person. Because usually, he will become more interested and lose his commitment to be wise in gambling. And this could actually be the beginning of addiction or a greater risk. because with such high hopes, usually he will continue to be interested in trying again and again until he gets a pleasant victory like at the beginning. And it could be that they actually unconsciously use more money for gambling there.

For this reason, the need for self-management and finances in gambling is very necessary. Even if we want to continue gambling activities, it would be better if (if possible) we limit our money there. So, after winning, it is better for us to withdraw the money first, at least a minimum of the initial capital or plus a certain percentage of the total winnings at the start, so that whenever we want to continue gambling, it is like we are only using the money that actually came from the gambling prize. And of course, self-control here is very necessary so as not to make us addicted.

[letteredhub]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

Mathematics deals on accuracy to get an actual expected result, while luck doesn't work that way be you accurate or not you either get luck ones and lose all others if you continue or you get lucky that one's and still continue getting lucky with more streaks but none in the latter or former under luck is guaranteed. Hope, yes hope is what makes gamblers continue gambling even after making a good win that they could use to end their day they still continue believing another streak of luck might just reoccur again but most times it turns to more loss after the other, only coming to a realization when they are down to the last cash in the account or pocket.
Op be reminded not all gamblers are mathematicians so don't expect all gamblers to gambling in accordance to the law of maths.

[sunsilk]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

There's no need for any logic with it, that's it.

The gambler believes that he's going to be lucky again and the term gambling itself is what can be your reference on it. That's the reason why it's not going to work even if you're going to apply some magical logic on them about math and numbers.

Gamblers don't care that much about these percentages and rates from the potential chance of being lucky. What we do care about is the present that we have and if we're winning, we think that it's going to last within the day.

[Weawant]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

It's true that the chances of such luck becomes even less after every round of winning but it's really funny how these gamblers mot times don't see it like that probably because of greed or maybe they think they can still be lucky if only they try again any further but then it's really turns out otherwise in most cases as gambling is very much luck dependent.

This is why I always advise gamblers to inculcate the habit of withdrawal and not to continually think and hope they will win by repeatedly placing bets again after a round of loss but if they withdraw that which they have won already and probably use part of it to further stake again if they so wish, then they will be at advantage much more than when they will get to loose all to the casino again in the bid to win again. Some of them are very much aware of how well their chances reduce with every round of game they involve in after a win but they still ignore and hope to try their luck.

[Rruchi man]

if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."

Mindset towards luck in gambling is what affects many gamblers. There are gamblers who believe that if they are lucky in a day, that there is still the chance of being lucky that same day. There are others who take luck as a one time, one moment thing that happens just once.

I cannot fault anyone's Logic on what they believe in regarding luck, because sometimes people have had their personal experiences that may back up their motivation to keep trying after being lucky once, and it may work for them sometimes.

Do what is right for you, allow others do what they think is right for them too.

[agustina2]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

If I'm in that situation, I will honestly say that I will continue too. It's just that luck is not always there so when it comes grab it. But that's the challenge there, how far we can keep playing until we should stop. In my case before, when I hit that huge multiplier, I still continue to play and try to set a percentage of the win that will be considered as afford to lose.

At some point, I'm not following the plan and still continue. But in the end, I still managed to take home and cashout some winnings although it should be more if I withdraw early. But who knows if luck will come again. We are playing gambling after all.

[oktana]

I just made a comment about this same thing in a different post. Yes! It happens to all gamblers but a few are disciplined and know exactly how to shut that inner voice. It’s an inner voice because you have been there the whole time and you didn’t hear it, but it’s when you start winning big that it tells you to play more so you can win more. If you are not conscious as you play, you’ll forget that you had a target which you should stop playing afterwards, or may even remember but the greed may have eaten into you a lot already.

[alegotardo]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

Exactly!
The correct thing is for every player to define and follow limits.
And these limits should not only be on how much money the player is willing to lose, but also on how much money he is willing to win.
If someone is entering the game with $100, they should withdraw at least half of that amount when they reach $1000 and not try to multiply it again to reach $1000000.
It is much more prudent to withdraw $500 by $500 than to lose all your winnings.
Anyway.... strategic planning is fundamental, because if someone doesn't have this well defined and the discipline to follow it, unfortunately they end up being "carried away" by emotions at the moment a big loss or gain occurs.

[Reatim]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

Mathematics and Luck will never be friend forever , Mathematics are looking for right pattern and calculations to find the answers perfectly while Luck only happens once in a full moon , assuring nothing and no one but proven to be happening .

what I mean here is you cannot ask those lucky gambler about why and how they won , but Mathematicians will always find correct answer to respond .

so either believe in math , or find your luck? it is up to you when talking about gambling.

[Fundamentals Of]

Luck doesn't follow mathematics. Luck isn't logical. And it's the one thing that most gamblers rely on. It's not wrong of course because if you don't take luck into consideration you might not gamble at all.

Winning in gambling in terms of logic or mathematics is less expected than losing. There's the house edge. There's the very low probability to win in random-based games. But a gambler plays nonetheless, and it's because he believes in his luck. If he wins though, and continue to play because he still believes he remains lucky, he will eventually lose. Lucky doesn't stay around for long.

[SeriouslyGiveaway]

I believe luck cannot be associated with mathematics. It's strange to try to calculate the probability of experiencing luck again after the first lucky instance, isn't it? Luck doesn't follow any rules; if there were rules, it wouldn't be called luck anymore. Gamblers tend to seek a basis to explain their luck and betting decisions.

Therefore, they believe their luck has patterns, and they try to identify these patterns to recreate their luck. However, I think that's truly meaningless. It's like a psychological method to temporarily soothe the craving for finding luck to secure their victories.

[Poker Player]

I believe luck cannot be associated with mathematics.

What you call "luck" is just short-term statistical variability, and there is a part of statistics focused on the probability of games such as casino games.

The OP is right but with nuances. What many gamblers don't understand is that when they have a lucky break, what they have had is positive variance in an EV-negative game, therefore, you can't move on to the next play but the "luck" is not going to continue for long as in the long run the trend is going to be one of inexorable loss. Therefore, effectively, the best thing the gambler can do after having had a bit win is to go home with the money. And not come back.

That the first comment talks about the "heater" is precisely an example of not understanding how statistical mathematics applied to the game works.

[boty]

Luck doesn't follow mathematics. Luck isn't logical. And it's the one thing that most gamblers rely on. It's not wrong of course because if you don't take luck into consideration you might not gamble at all.

Winning in gambling in terms of logic or mathematics is less expected than losing. There's the house edge. There's the very low probability to win in random-based games. But a gambler plays nonetheless, and it's because he believes in his luck. If he wins though, and continue to play because he still believes he remains lucky, he will eventually lose. Lucky doesn't stay around for long.

If we gamble using the logic that some gamblers have, of course it is very unrelated to mathematics, because the logic of every gambler hopes to win big from the gambling they play and with luck they will certainly be able to get it.
Those who continue to play their gambling by trusting that luck is on their side and if they have had luck but do not enjoy the win and continue playing it, I think we will lose the win that we have obtained.

[len01]

luck will come only to those who dare to take risks but luck comes only once.
from the understanding I have said, it is very clear that luck is the first role in gambling and if there is someone who continues to chase winnings after getting the jackpot, it doesn't matter as long as the money they use is just the rest of their daily needs and there is no harm in trying to bet again and thinking will be lucky again.

but even so, it's still all too risky and as a responsible gambler you should know when is the right time to stop and after getting a big win you should immediately stop, enjoy the money from the win and then leave a little more to gamble in the future and this is how life works gamblers become more positive even if the lucky draw is only one time.

even so, I will not blame gamblers who have the assumption that if I am lucky again because conditions like that are very normal and often happen as long as everything is fine, it doesn't turn into an addiction, it doesn't matter, but if after that it becomes the beginning of an addiction, it would be better to avoid thinking habits like that always remember that gambling is just like a place of luck, so try your luck and if you get lucky, stop immediately and come back tomorrow to try your luck.

[virasisog]

I honestly don't care about math and statistics when gambling, I know that we should be gambling smart, but for me, if you think about probability, statistics, and Math while gambling it just spoils the fun and thrill. Not unless you intend to play with a huge bank roll and win big. But it's different in my case, I only set a decent amount to gamble whenever I feel like gambling just for a change of phase or have fun, just an amount I can afford to lose and never go above it. I would say people increase their bet every win since they'll only be down by a small percentage if they lose, I think it's better than increasing your bet with ever lose which means you are chasing up your losses. Any way it's gambling it's either you'll have a good win streak or lose streak, luck plays a great role in it.

[bitbollo]

it is not a "gambler bias error" but rather the various marketing messages people receive when you use a gambling site.
it's obvious owner of platoforms can't point out how impossible it is to achieve certain stats in long term
That's why, they have to rely on luck and other "irrational" things

[irhact]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

It becomes less so if you're in the situation don't gamble more but take a break and resume another day. Taking a break will help you very much to concentrate when gambling again and not feel invincible as when you win you'll think you're invincible and can't lose therefore you'll be wagering high amounts or playing games you won't have gone for if you were in the right state of mind. You won because of luck and been lucky doesn't happen always.

You can be lucky twice and win again if you play the same game you won before or gambled on other games but the chances are too low and shouldn't be risked. Take a break from gambling after winning and also take profits. Don't give yourself access the all your profits and capital or you might use them to gamble without knowing. Always put yourself on a budget and stop when you have exceeded the budget. When you stay disciplined you won't get addicted to gambling.

[Crypt0Gore]

Its very possible to win again when the heater is ongoing, but I would rather not, I have my own set of rules in gambling and its me taking my leave after I win, just a single win is a bus stop for me to exit and come back another day.

I know that some people can win three times in a roll, but what could come next is what I don't like, its like doing the exact thing that casino want you to do, to keep going, thinking that you can really be a winner, in every game you play.

Forget about gambling strategy, the best one is to be smart with the amount you risk on gambling and also take your leave whenever you get lucky, do not misuse your luck, when it comes once it probably isn't going to happen the second time, you don't even want to find out.

[Hirose UK]

Hi guys. Someone will explain to me why gamblers have such a strange logic: if a gambler has received a huge multiplier, then he will not withdraw this money. And he will continue to play, saying, "if I'm so lucky, I'll be lucky again now."
But according to the laws of mathematics, the chance of such luck becomes much less, doesn't it?

If really good logic was used then it wouldn't be that kind of thinking, but they would know that luck won't come second time at almost the same time.
But if it is said to be strange logic then it is true and usually gamblers with thoughts like that will never be satisfied with their winnings, in fact they will lose more or even more than the winnings they have already won.
If luck can come back then I sure there will be no gamblers who will lose more after winning and continue to gamble again, they will definitely get the same win again.
It just that in reality what happens is that the win is win that cannot be repeated and every gambler should be able to take advantage of the win by withdrawing it, even if only part of it, at least there is money that can be secured.

And it is true that calculated correctly using mathematics, the chance of that luck being achieved again will be smaller.