What is the impact of consecutive wins and losses on subsequent gambling behavior? [Analysis of empirical data from casino baccarat players]

Bakara-chan

There was an interesting article, so I will introduce it.
It's an English page, so it's a hassle to translate!People look at the continuation.
If you want to read English, go to the article below!

Overview

Gambling addictionCharacterized by a strong urge to engage in gambling repeatedlyso,Very harmful to an individual's financial and social well-being.
The fundamental problem of gambling addiction is, as a function of the history of results.How Repeated High-Risk Betting Behavior Changesis.We used empirical data on gamblers playing one of the most popular casino games, Baccarat, to investigate the impact of continuous wins and losses on subsequent gambling behavior.In particular,We analyzed data from 3,986 games played by 7,935,566 players at an athletics casino and examined changes in bet amounts and betting rates on hands with different payout rates, depending on past consecutive wins and losses...As a result, the bet amount of baccarat gradually increases according to the length of the streak, and this effect isIt became clear that it was more prominent after consecutive victories than after consecutive defeats.. The percentage of multiple bets, including "long shots" (hands with low win rates and high payout rates), decreased after consecutive defeats, but increased after consecutive wins.This study shows that as a first attempt to analyze a large dataset of baccarat bets, gamblers shift their gambling behavior more recklessly after experiencing consecutive victories rather than consecutive defeats.

wrap up!Summary

・ Let's get the bet data of the baccarat player.As a result, we analyzed 3,986 games played by 7,935,566 players.

・ Then, as a change in the bet amount, "I found an important main effect of the previous result (win vs. lose) of each game. This is because the participantsTend to bet more money after losing than after winningI'm suggesting that!

・ More than 90% of the places to bet were players or bankers.By the way, after winning, I bet more on the player or bunker than after losing.

・ It turns out that the percentage of multiple bets is higher after winning than after losing! (The percentage of bets on pairs increased when winning)

・ The increase in stakes after consecutive wins is likely to result in a large cumulative loss in the end, so it is regarded as a sign of a shift to dangerous gambling behavior.

・ If you keep losing, the percentage of bets on pairs and ties has decreased.

Bakara-chan

Is it like that?
It seems that there are many people who bet on the side bet when they win in a row and win, and not when they lose in a row.
It's a brain juice problem, and once you experience a big win, the bet amount tends to rise in the end, so you may become addicted, so you should be careful. There is also.
So it was like "analyzing empirical data from casino baccarat players"!

end!