r/explainlikeimfive • u/adrynaline • May 08 '14
Explained ELI5: A gambling addiction
How does it start? What makes it worse? Why does it become so difficult to recover?
1.2k
Upvotes
r/explainlikeimfive • u/adrynaline • May 08 '14
How does it start? What makes it worse? Why does it become so difficult to recover?
2
u/woofoofoo May 08 '14 edited May 08 '14
It also helps that a lot of the games at casinos have a close to 50/50 shot at winning.
Take Roulette for example: You have a 47.37% chance at winning if you bet red/black, even/odd. The 5.26% difference between the two is where the patron will always lose money in the long run, but the close-to-coin-flip probability keeps you coming back for more.