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> In most forms of organized gambling, the odds are against you, so the behavior only has negative outcomes. I think lottery jackpot winners would disagree wit
by ssharp 10y ago
> In most forms of organized gambling, the odds are against you, so the behavior only has negative outcomes.
I think lottery jackpot winners would disagree with that. You're only guaranteed a negative outcome in these types of games when you've iterated enough times to reach a statistical conclusion. In the meantime, short-term luck in the game's variance could earn you a lot of money or lose you far more than you'd expect. If the expected value of $1 bet in blackjack is $0.99, the return of a single hand will never be that; it would be -$1, $0, $1, $1.50, etc.