this post was submitted on 07 Jan 2024
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Attend a gamblers anonymous meeting and you’ll meet a lot of people who have lost more than 100%
That’s because they were gambling with other people’s money.
If you only bet with what you can afford to lose, that’s never going to happen.
Woof that slope is slippery. The trick is measuring what you can afford, and a lot of people aren't great at measuring that.
See if I only bet 90% of every paycheck I still have 10% left over for lottery tickets
If I lose the 90%, I just gotta win the lottery..