The crocodile theory in gambling

Kabir903

Recently, I came across an article discussing the Crocodile Theory in financial investment. It's a well-known theory widely used in the realm of finance.

The essence of the theory is: if a crocodile bites your foot and you attempt to use your hand to tear it off, the crocodile will simultaneously bite your foot and hand. The more you struggle, the more forcefully it bites. So, if a crocodile bites your foot, the only way is to sacrifice one foot.

The Crocodile Theory is extensively applied in investment, especially in the gambling industry. When applying this theory, the most apparent practice is to set stop-losses. If you experience consecutive losses, do not attempt a comeback, refrain from placing any more bets, and exit immediately.

"Sacrificing one leg is to avoid more severe consequences." Some individuals enter the gambling scene for entertainment purposes, continuously increasing their stakes for excitement, regardless of whether they win or lose. If you have sufficient winnings, there's no need to indulge in such behavior. However, to succeed in long-term gambling, you must overcome all elements of luck.

Only by treating gambling as an investment can it yield comparable returns. Many players understand the concept of setting stop-losses, but few can strictly adhere to it. Many people, after reaching their stop-loss limit, believe they must win the next round and disregard the stop-loss, rendering it meaningless. Whether you set it or not makes no difference. Therefore, if you genuinely want to win in gambling, remember the Crocodile Theory, write it down, and carry it with you; it's an excellent method.

Kalkin995

This theory makes sense indeed.

Jiger955

Setting a stop-loss is indeed a crucial thing to do.

Jatin255

One should not make generalized statements; the analysis should be based on the actual circumstances.