What is Gambler's ruin?

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Gambler describes the idea that whenever the house has an advantage in the game, the player eventually loses his entire bankroll. Gambler's ruin can also be used to describe the desire of players who often have a final bet on the bad luck, in the hope that "you will win it all back". When you get directly, the idea of ​​gambler ruins is that if a person plays a casino long enough, the casino always wins. Casino also has a chance to its advantage, sometimes a very large percentage. Whenever the player starts playing against the casino, the idea of ​​Gambler's ruins describes the fact that the player can never take all the money casino, but the casino can take all the player's money and prevent her from continuing the gambling.

In the standard case of Gambler ruins, imagine that the player has $ 100. A bet on a bet on a bet that gives the casino a little better chance. Because chances are in favor of casino, the gambling player loses more often than he wins. Can win several times and have more money than he started, but because wAnce prefers casino, in the long run loses more often than it wins. Because the casino has unlimited resources and the player has only $ 100, eventually he will and will not be able to make another bet. This is the perfect case of the ruin gambler.

In the second sense, Gambler's ruin describes the desire to try to win a big, when the player almost exhausted her gambling. The player makes a number of small bets and loses money over time because the casino has the advantage. When he realizes that there is very little money left, Gambler's ruins are depressing his desire to try to win everything back rather than accept the loss and leave with the money she left. This is called Ruin's gambler ruin, because no matter how strongly the gambler wants to win if he has betting, the casino will constantly win.

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Gambler applies to any chance in which the house has an advantage over the player. This includes any casino casino edge such as Blackjack, Craps, Rutlette, Keno and Slot MacHINES. The only way to avoid the gambler ruins is to accept this fact that you cannot win, so you should gamble only for the pleasure of the game. If you play long enough, the casino always wins.