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AnlamK comments on Is Rationality Maximization of Expected Value? - Less Wrong
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I think it's hard to enjoy gambling if you are sure you'll lose money, which is how I feel like. I may be over pessimistic.
Roulette gives you odds of 1.111 to 1 if you place on Red or Black with expectation -0.053 on the dollar. So I may be over-pessimistic. See the wiki entry.
Typical Mind Fallacy.
Don't get over-excited. You are still losing money in a less than fair-odds situation.
And since most people don't stop gambling until they have some deficit from gambling, casinos usually make more than the odds give them.