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> "Flipping a coin until you get enough tails in a row" is a really good way to describe long term gambling It's not. The correct way is saying 'flipping a wei
by Yajirobe 7y ago
> "Flipping a coin until you get enough tails in a row" is a really good way to describe long term gambling
It's not. The correct way is saying 'flipping a weighed coin'. It can be weighed in or against your favor. If it is weighed in your favor, then you will never really have the 'until' part (i.e. get bust), if you also manage your bankroll wisely.
- SantalBlush 7y agoI think they're referring to the psychological component of gambling. Most people only exit when they go bust, i.e. when they get sufficient consecutive tails to wipe out their budget. That's how I read it, at least.