Placebo effect in gambling

[Kairomancer]

In the medical field placebo effect is recognized and sometimes outperforms research compounds in its effect on the test subjects.

We regularly see system players claiming to win big in roulette and believing in their method, yet the mathematical consesus is that they method will not work for a large enough people and result in a net loss as a whole.

I theorize there is a placebo effect in game of chances and some inviduals can win just by relying on their position of winning just enough to make their claim valid for a necessary timeframe.
In a sense they are tipping the scale of variance in their favour.

[Bebediktus3]

We regularly see system players claiming to win big in roulette and believing in their method, yet the mathematical consesus is that they method will not work for a large enough people and result in a net loss as a whole.

Claiming and believing is one, - real wins are absolutely other. I met several such claimers in reality and still, nobody could show me something impressive...

Even is such my impression - that who claims about high wins in the internet, really have not much understanding how to win in reality.

For wining, player need something to know and something to learn.  If he does not know that essential things and cant do something specifical what must - he can claim as much as he want - all is clear

[Kairomancer]

True story.
I know a dude who increased his original bankroll 30 times with a simple triggered martingale playing dozens.
He made close to $150k from his initial $5k then later he started a business from that money.
It was 20 years ago. It was considered big money in our country at that time.
He has not lost a single session in a year or so, and he considered roulette like an atm machine.

[precogmiles]

It shows you the power of belief

[Bebediktus3]

I know a dude who increased his original bankroll 30 times with a simple triggered martingale playing dozens.
He made close to $150k from his initial $5k then later he started a business from that money.

So the chance of such even is not astronomically low. I think that I increased what I put on the table many times more than x 30, only that was simply lover values. Not one time I guessed right 9 times from 10 attempts or even more...My record is about 20 consequential wins when I cover 12-20 numbers. Not hard is to calculate that in such event your starting bet sum can be increased maybe 500 times...

[Kairomancer]

The point being here is that only the players invidual experience what matters with any financial or gambling system at the cashier.
You can't have a collective and all encompassing experience with all the players results, unless you run a casino.

[Bebediktus3]

You can't have a collective and all encompassing experience with all the players results, unless you run a casino.

Sure, who not agree ?

[Roulettebeater]

True story.
I know a dude who increased his original bankroll 30 times with a simple triggered martingale playing dozens.
He made close to $150k from his initial $5k then later he started a business from that money.
It was 20 years ago. It was considered big money in our country at that time.
He has not lost a single session in a year or so, and he considered roulette like an atm machine.

If you really know him, you should know how he played so why aren’t you playing like him and making tons of money ?

[Kairomancer]

His system was very basic negative martingale playing unhit dozens and involved tracking many tables with a help of a small team.
After a year of play he run out of luck and the inevitable shit hit the fan, eventually all of his team members left him, so he quit with a decent profit after losses.

Sorry for the dissapointment, but I know better than to risk my hard earn bankroll on playing a martingale. It was his path, not mine.