Gained Some... Lost Everything!!!! :(

I am a smart guy… That is because I use logic in whatever I do… But in spite of that I keep failing on most of the occasions… That is because I break my own ground rules or it is because somebody else is not letting me play as per my rules even though it is logically correct…

I was a kid when I first put my hands on gambling… There was an exhibition at Nasik wherein various stalls were put up… In one of the stalls there was this game called 7 up and 7 down… The game is something like this, they guy has two dices and he will roll them… before that we have to predict whether the sum that will come is more than 7, less than 7 or seven… if you are right you will get double the amount you have put and if the sum comes 7 and you predict it right you will get triple the price… I went there with something in mind… My thinking was every time I will guess only one possibility that is if I say 7 up in the first instance I will stick to it since the probability of getting 7 up was always a little less than ½… But the ground rule is what I commit first will be followed for every event after that… and the logic here was if I lose some money, in the next game I will put double the amount and predict for the same possible outcome… So I started with 5 rupees on board… Each time I lost I was doubling the amount and at some point I use to win… In this case I used to get all my money lost and additional 5 rupees… Net profit of 5… :)  The guy at the stall realized I am being cunning and he didn’t allow me to put more than 10 rupees at any point of time… I was taken aback but I had become so fond of it at that moment since I had won 20 rupees and thought I can bet on the profit earned… So this time again I started with 5 rupees and I lost… then I put 10 rupees as per my rule… But again I lost… now I was standing on net profit of 10 rupees… My friend suggested that we should go and buy some Ice Cream instead… But I didn’t listen to him and had bet again… In the end I lost the profit earned plus the money that I and my friend had. In order to recover the losses we lost everything and had to leave the exhibition without having any Ice Cream…

 So the learning we get is use logic only where it works… Also excess greed is the way for your in existence… You learn more things when you fail and it will benefit others along with you. I know it is uneasy to follow the above said as I myself find it difficult … But since Advice comes for free I give them… :)