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  1. #11
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    Jan 2007
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    Re: Get all cash out of the ba

    Quote Originally Posted by christopher leigh View Post
    Right so if it's improving the odds it's a gamble, which is exactly what I've been saying. If you knew the number 5 was going to land on the next spin, you wouldn't put your money on 5,6,7,8 and 9. So diversification is a tool of impotence and ignorance.

    Besides betting on black doesn't give better odds in the long run. In the long run the person betting on black(diversifying) will lose exactly the same amount of money as the person betting on zero(not diversifying). This is the gamblers fallacy I mentioned.

    The person gambling on black will also find that when zero comes in he loses half his money.
    You don't know that number 5 is going to win - that is more of a gamble than betting on black. You have a 1/36 chance of winning big, but a 35/36 chance of losing all your money.

    The rest of your argument is pointless because your basis to it is flawed. Gambling and investing are not the same because investing is not based on random conditions
    Last edited by TheHeathens; 02-10-2008 at 02:40 PM.

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