Gambling Losing Streak
The Minnesota Timberwolves and the Houston Rockets each have one last chance to end a losing streak before the NBA All-Star Break. The Timberwolves, the worst team in the NBA, are riding a nine-game losing streak. The Rockets, the second-worst team in the Western Conference, saw their skid reach 12 in a row and are desperate to avoid loss. The notorious gambling grandmother, known as “losing streak” Lois Riess, has skirted rolling the dice at trial and instead has pleaded guilty, for the second time, to a cold-blooded killing, KIMT3 News reports. Identifying a losing streak. Recognizing that you are in a period of losses is very important. Streaks are common in blackjack—in fact, they're common in all gambling games. If you play long enough, you'll have winning streaks and losing streaks. Your best bet is to stick with basic strategy, regardless of your short term results. When a streak does occur, there is no way to tell how long it will last. The streak calculator will then tell you that there is a 10.677% probability that you will embark upon a 10-bet losing streak during that particular wager series. You can easily go back and edit.
Let’s face it. Losing sucks. We expect it to happen occasionally—just often enough that we can show what a good sport we are about the whole thing.
But every loss affects us, and with each successive loss, we begin to seethe with anger and confusion while searching for something or someone to blame. That guy who beat us with that freakingrunner-runner gutshot straight, for example.
Or the slot machine that, despite the hundreds of dollars we have sunk into it, refuses to pay off. It’s obvious the casino has that one rigged.There oughtta be a law.
Our brains are hardwired to recognize patterns. This is a good thing. Sure, it can be fun to arrive at the correct conclusion based on incomplete data (the very purpose for pattern-recognition),but it can also give us plenty of false positives, such as it often does when it comes to gambling.
If the streak goes on long enough, however, some (but not all) of us will arrive at the same simple-but-true conclusion: I lost because I bet, and I continued to lose because I continued to bet.
This is a harder conclusion to reach if you play mostly skill games such as poker. You know the odds. You know your outs. You even know the outs your opponent has for the hand you stronglysuspect he has.
Sure, you know about luck, but you call it variance, and this allows you to pretend luck doesn’t exist except as a mathematical construct.
There is a difference, of course. Variance is bloodless, cold, logical. Luck is redolent of worry beads and burning joss sticks and just might be a bit mystical. Luck is emotional, swingingwildly between surprised joy and abysmal depression.
Luck, in the final analysis, is no lady—assuming for the moment that ladies are not bipolar heiresses who carry a switchblade in their boot.
Luck exists, my friend. Oh yes. Just ask that idiot who matched your all-in and filled that runner-runner gutshot straight. He won’t be blessing his “variance.”
Lois Reiss aka Losing Streak Lois gambling addict cautionary tale. How a Minnesota grandmother addicted to gambling ended up killing her husband, a look alike until the law caught up with her.
David Reiss and Lois lived a seemingly happy life in Minnesota. That is, until that fateful March in 2018. It’s just then that the faithful wife shot her husband with a 22-caliber gun. With the new gun laws floating in the air, politics will play a big part. Thus, you can bet on politics here.
After getting married, the pair had three children together. David was a former US Navy officer with a passion for fishing. On the other hand, his wife had a different passion – the one for gambling.
Drama Unfolding
She visited casino regularly, hoping she’d win a jackpot one day. It went so far that the friends gave her the nickname “Losing Streak Lois” due to her inability to win in the casino. Nevertheless, this didn’t stop her from trying. As time went by, Lois racked up serious debt. So much so that she forged $11.000 from David’s business account.
It’s uncertain if, and how much did her husband know about this. Whatever the case may be, everyone was surprised when David stopped showing up for work and answering his phone. It was just after his friends called the police that he was found shot dead under a blanket in his own bed. But, where was Lois?
After finding out the details of her gambling addiction, the police marked her as the prime suspect. It was for a good reason, too, since she was on the fly. Her addiction was so bad that, on her way to escape to Florida, she stopped by in a casino in Iowa to gamble some more.
Unfortunately, Lois’s murder streak did not end there. After meeting her friend Pamela in Florida, the woman was found dead just four days after in her apartment. The addict stole her friends’ money and identity and went so far as to gamble even more in Louisiana, where she reportedly made some winning bets.
Epilogue
However, on April 19, Lois was found sipping cocktails in Texas. One of the staff members of the restaurant she was in recognized her and immediately called the police. The thrilling two weeks were over for Lois, and now she faced charges for killing not one, but two people.
In court, Lois had no choice but to plead guilty. In case she didn’t, there was a big chance of her getting the death penalty. This way, she “only” got a life sentence for murdering her husband and her friend. Additionally, she was charged with identity fraud and car theft.
Gambling Losing Streak Games
It was a sad ending to an exhausting saga after two years. Her children were left disappointed, and even though they were already grown-ups, the feeling of betrayal and sadness overwhelmed them. The moral of the story is to gamble responsibly and to always think about the one you love the most. At the end of the day, gambling should be a fun adventure, not a murderous one. Stay safe and gambler responsibly out there!