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in games of chance, a casino is more likely over time to take a player's money than a player is to win money from the casino, and thus it is to the casino's advantage to keep a winning player playing. Casinos thus frequently encourage winning players to continue playing. An example can be seen in the
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Quitting while ahead is unlikely, though, since a gambler who is winning has little incentive to quit, and is instead encouraged to continue to gamble by their winning. Once in the throes of a winning streak, the individual may even become convinced that it is their skill, rather than chance, causing
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is the fallacy described by behavioral economist David J. Ewing, where a gambler believes they will be able to stop a risky behavior while still engaging in it. This belief frequently operates during games of chance, such as
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believes they will be a net winner at the game, and thus able to avoid going broke by exerting the self-control necessary to stop playing while still ahead in winnings. This is often expressed as "I'll quit when I'm ahead."
142:: the mistaken idea that a losing streak in a game of chance, such as roulette, has to come to an end or is lowered because the frequency of one event has an effect on a following independent event.
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shows that a player with finite resources continuously playing will inevitably go broke against a player with infinite resources in a fair or negative-expectation game.
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continues to gamble to ensure that the money returns to the casino. On a smaller scale, casinos offer players free alcoholic drinks to encourage them to keep gambling.
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Therefore, players think that it is necessary to continue playing while winning and necessary to continue playing while losing.
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Clotfelter, Charles T.; Cook, Philip J. (December 1993). "Notes: The "Gambler's
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The gambler's conceit frequently works in conjunction with the
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Don't Bet the Farm: The
Encyclopedia of Betting and Gambling
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Perceptions of religious imagery in natural phenomena
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46:. Unsourced material may be challenged and removed.
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106:Learn how and when to remove this message
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860:Russian traditions and superstitions
44:adding citations to reliable sources
227:O’Brien, Liam (1 September 2014).
14:
1359:Superstitions in Muslim societies
20:
547:Superstition in the Philippines
31:needs additional citations for
1:
1334:Obsessive–compulsive disorder
1091:End-of-the-day betting effect
855:Ravens of the Tower of London
771:Barbary macaques in Gibraltar
958:Seventh son of a seventh son
174:'s character ensures that a
1421:
745:Numbers in Chinese culture
1344:Post hoc ergo propter hoc
580:Ghosts in Bengali culture
193:Inverse gambler's fallacy
1031:Auspicious wedding dates
808:Icelandic magical staves
620:Puppy pregnancy syndrome
542:Superstition in Pakistan
408:Superstition in Ethiopia
392:Theatrical superstitions
233:. eBookPartnership.com.
1354:Superstition in Judaism
875:Spilling water for luck
865:Superstition in Britain
268:10.1287/mnsc.39.12.1521
1123:Four eleven forty-four
870:Superstition in Serbia
552:Japanese superstitions
387:Sailors' superstitions
382:List of bad luck signs
1289:Astrology and science
1036:Baseball superstition
557:Superstition in Korea
537:Superstition in India
377:List of lucky symbols
372:List of superstitions
1395:Behavioral economics
1390:Gambling terminology
1364:Traditional medicine
850:Rabbit rabbit rabbit
188:Behavioral economics
40:improve this article
1173:Maternal impression
1025:Number of the Beast
796:The Goodman's Croft
471:Curse of Tippecanoe
176:high-stakes gambler
55:"Gambler's conceit"
1349:Questionable cause
1319:Magic and religion
1081:Davy Jones' Locker
845:Powder of sympathy
516:White lighter myth
256:Management Science
155:As casinos have a
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1376:
1223:Sign of the horns
1128:Gambler's conceit
985:triskaidekaphobia
977:The Thirteen Club
881:The Scottish Play
590:Kuai Kuai culture
445:Ascalapha odorata
262:(12): 1521–1525.
240:978-1-78301-371-5
140:gambler's fallacy
119:Gambler's conceit
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1405:Causal fallacies
1324:Magical thinking
1284:Apotropaic magic
1218:Shoes on a table
1193:Numismatic charm
1158:Law of contagion
1153:Knocking on wood
1051:Bread and butter
981:thirteenth floor
944:Four-leaf clover
934:Three on a match
892:Tycho Brahe days
814:In bocca al lupo
640:Okiagari-koboshi
501:Oscar love curse
451:Bermuda Triangle
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1133:Good luck charm
1117:Flying Dutchman
1086:Dead man's hand
1041:Beginner's luck
995:Heptadecaphobia
973:Friday the 13th
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840:Painted pebbles
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57: –
56:
52:
51:Find sources:
45:
41:
35:
34:
29:This article
27:
23:
18:
17:
1369:Urban legend
1253:Wishing well
1213:Ship sponsor
1188:Numerophobia
1168:Lock of hair
1127:
1115:
1066:Chain letter
901:
879:
812:
802:Himmelsbrief
800:
766:August curse
750:Yantra cloth
562:
521:Witch window
443:
317:Superstition
259:
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249:
229:
222:
165:
154:
147:
144:
137:
133:
118:
117:
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76:
69:
62:
50:
38:Please help
33:verification
30:
1294:Coincidence
1248:Toi toi toi
1163:Literomancy
1056:Break a leg
1015:Curse of 39
948:tetraphobia
887:Troll cross
776:Bayern-luck
710:Kuman Thong
635:Maneki-neko
630:Kanai Anzen
615:Pichal Peri
610:Nazar battu
496:I'noGo tied
324:Main topics
148:Relatedly,
126:games. The
1384:Categories
1329:Numerology
1304:Divination
1258:Witch ball
1208:Rainmaking
1111:First-foot
1071:Cramp-ring
1061:Bullroarer
903:Wolfssegen
897:Witch post
791:Cornicello
715:Palad khik
695:Pagtatawas
214:References
66:newspapers
1279:Apophenia
1243:Threshold
1046:Black cat
835:Need-fire
725:Nang Kwak
675:Albularyo
660:Feng shui
655:Fan death
600:Navaratna
570:Chhaupadi
418:Gris-gris
351:Talismans
276:0025-1909
170:in which
1299:Debunker
830:Mooncalf
786:Cimaruta
740:Jin Chan
476:Curupira
461:Carranca
456:BrujerĂa
437:Americas
336:Evil eye
198:Gambling
182:See also
96:May 2020
1272:Related
1005:27 Club
913:General
650:Omamori
625:Akabeko
595:Muhurta
565:(ghost)
466:Cooties
128:gambler
80:scholar
1183:Nelson
759:Europe
720:Takrut
680:Barang
670:Agimat
575:Churel
401:Africa
331:Amulet
274:
237:
167:Casino
164:movie
124:casino
82:
75:
68:
61:
53:
1198:Penny
1076:Curse
964:11:11
700:Pasma
685:Kulam
645:Ofuda
605:Nazar
563:Bhoot
506:Susto
481:Djucu
423:Sampy
365:Lists
87:JSTOR
73:books
1400:Luck
1143:Jinx
705:Usog
690:Lihi
530:Asia
511:Veve
413:Buda
346:Omen
341:Luck
272:ISSN
235:ISBN
59:news
1148:Hex
1021:666
264:doi
42:by
1386::
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94:(
84:·
77:·
70:·
63:·
36:.
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