Join date: Jun 22, 2022


Forecasting the trends Some gamblers mistakenly believe that trends develop in some games — and that smart players can spot these trends and use them to predict the future. To encourage this strategy, casinos even display previous numbers hit on the roulette wheel and give players paper and pencils to track results at the bac- carat table. Unless you’re planning a future career as the scorekeeper for the Lakers, such activities are a waste of time

The previous results are only meaningful if there were a bias in the machine or wheel. But modern casinos are extremely vigilant about regulating all their games, and it’s very rare for nonrandom events to creep into games of chance. Succumbing to selective memory All gambling superstitions and misconceptions share one common denominator — they all lose in the long run. You don’t believe me?

Perhaps you have a friend who always wins at slots or crushes the craps tables every trip. The truth is that people do win sometimes — otherwise no one would ever return to the casinos. But I would speculate that an average gambler fin- ishes ahead about one out of every three trips. That’s simply short-term fluctuation at work. The problem for most people is that they don’t keep records, and it is human nature to recall big wins and minimize losses. Consequently, many gamblers think that they’re winners when actually they’re net losers (see Chapter 4 for record-keeping tips).

Schmid Daniel

Schmid Daniel

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