Theoretically you can lose more than 100%. If you first win 2000% and then lose everything, you’ve technically lost 2100% of your starting capital.
Yes but you still only lost 100% of what you wagered.
I strongly think that OP is trolling ITT, but if someone seriously thinks this is an argument for gambling, I recommend checking out some introductory stochastics concepts, starting with expectation values
Trolling? In a shitposting forum?
I would never.
;)
Except when you short stock, there could be infinite losses. Or perhaps with a contract for difference too
That’s gambling with other people’s money.
Smart people never gamble with their own
I’ll take “Famous Last Words” for $200, Alex.
That’s only if the gambling place doesn’t rig the games…by the way, every gambling place has a business model that depends on their customers losing all their money.
Licensed casinos aren’t allowed to do that, that’s why they like to comp gamblers their drinks, including alcohol, instead. Makes people stay longer, lose their inhibition, and increases the chance that if they do win, they’ll keep playing until it’s all gone again.