Explaining Murphy's Law on Gambling - How to expect the best from the worst

Explaining Murphy's Law on Gambling - How to expect the best from the worst

By ChaosSeeder | Fauceteer 2.0 | 20 May 2020


Hello, folks, here I am again rambling about gambling.

Most people that gamble have not yet understood the Law of proportions, which if we break it down into pieces, we can understand it better.

Here is an extract from Wikipedia on the law of proportion.

In mathematics, two varying quantities are said to be in a relation of proportionality, if they are multiplicatively connected to a constant, that is, when either their ratio or their product yields a constant. The value of this constant is called the coefficient of proportionality or proportionality constant.

- https://en.wikipedia.org/wiki/Proportionality_(mathematics)

Now this might seem very complicated, but it is basic math. Math is a constant on every aspect of our lives, as in, when we go to the market, we have to take a walk. Each step adds in to our weariness, and then we add food and rest, so it gets compensated.

Now, once we have understood the proportionality of things, we go ahead and start gambling.

Now I got six. In order to win at a reasonable pace, we need to set our gambling settings like this:

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Now, we are gambling at a win possibility or probability of 4.95/10 or 20% chance of winning. We got to get over 79 as a lucky number in each roll to win. This yields us x5 of what we bet.

Next up, our settings.

15461479a40a856fb4f2d9387fe565c649ef76c27a9e046f69bdb75b46dda713.png

What does the above mean?

For each 2 loses in a row, we raise 50% the initial bet. Why?

2/50=25%

25% should be the correct raise to win what we lost, plus a 0% gain. This might seem silly, but here comes the other part.

Streak of 1 win - Decrease 25%

This means that if we win two times in a row, we get 50% of what we initially gambled!

Now allow me a practical example:

We got 6.3+ Bean Cash

bcc87a9bca2717bdd0ade8ae444c301f1d37df0f0fbb1452c817a21d40b5c23e.png

Now we want to get it to 6.4 (Study proportions if you do not understand)

ca74b2bcae1e312db3b72c316f9209e9b0e24610d414fc305405427d914db54b.png

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If we look at it, I won at 0.00999603 satoshis a total of 0.03949234 satoshis. It is proportional, so it is fair.

Want to give it a shot? Come on, join!

https://m.luckygames.io/?ref=32784107   Where does the Murphy's law come in here? Expect the worst of any situation.   So to counter it, we must be exact. Use math, math is a constant in the Universe and it works every time!

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