How many times have we seen that reaction in the facial expression of someone who has been a winner of a jackpot ... Be it lottery, horse, casino, poker among others. These stories are rarely very common and this is because the juice industry relies more on losers, that is its true strength.
An average adult loses hundreds of dollars a year, generally they tend to lose much more than they earn.
Nowadays, thanks to the effect of the pandemic, this industry has expanded much more in the technological field and it is where the player receives the least profit, it is a fantastic deception, the only thing truly real is that money that you bet to continue playing, to these casinos are called social casinos and they come to generate almost the same as the gambling industry in las vegas.
Social casinos: 5.3 billion
Las Vegas: 6.5 billion
If you notice, the difference is not much, this is because the apps and pages that offer bets from your home, have now become more popular than before.
Gambling has existed for a long time and its beginnings are recognized in the United Kingdom where it is recognized as the cradle of gambling, this action of gambling, covered all social classes without distinction, they tried to prohibit this, but brought as consequences, the clandestine gambling, so later on it is decided to legalize this action.
The basic science of gambling is.
You win fast, you lose fast… It's that simple.
The gambling operators are compared with the insurance companies, every year the homeowners pay insurance (many owners) of this, a minimum amount comes to suffer a flood and the insurer owes money to the owner, it is a kind of lost bet, but even so, the number of homes that paid for their insurance is still greater and nothing happened, so the insurer continues to win, the same happens with casinos, although there are people who win good prizes, there are more losers and the casino is still standing.
Roulette is one of the most famous, made up of 38 spaces, 18 in red, 18 in black and 2 in green. You can get to have a streak of up to 5 plays in a row and think that luck is on your side, but then those probabilities will be clouded by the opposite color and an extra that would be the green color, so it is likely that your winnings will be seen canceled by your losses. This is called the law of large numbers, a theorem that comes from the law of probabilities, which is responsible for measuring the results and thus playing in favor of the house.
Let's remember the orange blossom is mathematical, the bets and prizes are determined by the statistical probability of hitting the chosen combination.
Players tend to tend to certain attitudes or beliefs which are given different names.
Player's fallacy: it is based on that belief of having lost 4 times and expecting the fifth to be the grand prize.
There is also the illusion of control, it is one that mentally increases your odds, you see a number and you feel that it is the lucky one so you bet on it or in the case of dice, they tend to roll them softer for a low number and more aggressive for a high number, everything is a matter of illusion.
The poor ability to determine the probabilities is one of the cognitive biases that we come to experience, gambling can represent irrational behavior.
Overconfidence within a competitive environment is common, human beings have a tendency to overestimate their abilities when betting.
The bets are a quota that represents your public opinion of a probability, represented in money and if you win you attribute it to luck, when it can be hand in hand with the illusion of chance.
Slot machines:
Of the best known to all, they are the ones that generate the most money in a casino, but inside each machine there is only one generator of numbers manipulated in favor of the house. These machines started, with the well-known single-arm machines, in those days there were no chairs, because it was a way to wait your turn for one of the tables, so that was the fastest way to lose money.
The gaming industry offers its customers a comfortable trip straight to 0 ... People think they are there to forget stress and not think about anything ... This is called "The Zone" they adapt this site so that you feel in a relaxing place, even if you are wasting your money
The action of receiving a signal, touching the button and receiving a reward is equal to an extra dose of dopamine and this is why the game becomes potentially addictive, people reach the point of losing their homes, cars and even their marriage.
ICRG AND NAGS were in charge of studying these behaviors, but they are funded by this gaming industry, so we already know why we don't have these studies yet.
Black jack and poker are another part of this industry where in itself, a little more skill is needed than luck, but the latter is never lacking, there are several probabilities through card counting and this includes the mathematics, there people have these 2 games as an investment fund.
So, it means that with all of the above described, we can arrive at the theory that the easier it is to gamble, we bet much more and that our minds excite us so much, that when we reach that moment of extra dopamine, we fall into an addiction.
The online gambling market is growing even faster, due to the pandemic, so the chances of many more people falling into this addiction are very high.
In pob we Stake, but in a different way, we do not expect luck to play in our favor and win high amounts of money, with illusions or probabilities based on mathematics.
What we do is increase our power, to be able to comment and give a vote with broad benefits, to both parties.
I prefer this type of bet, which without any risk benefits me and allows me to benefit someone else.
The house always wins, Casinos know this and gambling has become big predictable business to them.
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