• Serinus@lemmy.world
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        3 months ago

        To illustrate, let’s play a game. We each put in a dollar, and whoever wins a coin flip gets the two dollars. Completely fair, even odds, right? We’ll play until one of us decides to stop or someone runs out of money.

        I’ll start with $1000 and you start with $10. Let’s see how it turns out.

        If it helps, picture a graph where the bottom axis is number of coin flips and the Y axis is the amount each player is up or down in total. Each flip can move the graph by $1, up or down randomly. So it’s going to bounce a little, because it’s random. Some bounces will be bigger than others.

        The house can offer you completely fair odds and still take your money just fine.

        • SteveFromMySpace@lemmy.blahaj.zone
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          3 months ago

          Are you guys seriously lecturing me about blackjack based on an unfounded and incorrect assumption I don’t understand how it works?

          This is like some Internet variation of mansplaining. Do just assume someone doesn’t know something because hand waves and then start lecturing them about the subject?

      • SteveFromMySpace@lemmy.blahaj.zone
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        3 months ago

        Yes the house has a seat at the table. It was a boiled down one liner about the follies of gambling and thinking you will win. I don’t need someone to explain blackjack to me or how a casino works. I’m 40 and not that boring.