Re: Problem with your book
the only skill to roulette is your maximising your utility.
you can decide how fast you want to lose money at roulette, and in general you that choice is based your utility function.
say i walk in with $1000. if i wanted, i could lose it while playing for days, just betting $1 every time.
but if i wanted i could always bet my stack.
id do whichever yielded more fun, as i know either way im leaving there without a dime if i carry on with either strategy.
(obviously this is very basic and ignoring opp.costs etc, but i think ive made my point)
you have so much to learn if you think the previous roulette results affect the next result.
if you spent time reading and studying, you will look back and think 'i cant believe i used to think that', probably like a lot of us do now.
|