Gambler Quotes (7 quotes)

Every gambler stakes a certainty to gain an uncertainty, and yet he stakes a finite certainty against a finite uncertainty without acting unreasonably. … The uncertainty of gain is proportioned to the certainty of the stake, according to the proportion of chances of gain and loss, and if therefore there are as many chances on one side as on the other, the game is even.

I am like a gambler, and love a wild experiment.

The average gambler will say “The player who stakes his whole fortune on a single play is a fool, and the science of mathematics can not prove him to be otherwise.” The reply is obvious: “The science of mathematics never attempts the impossible, it merely shows that other players are greater fools.”

The excitement that a gambler feels when making a bet is equal to the amount he might win times the probability of winning it.

The history of a species, or any natural phenomenon that requires unbroken continuity in a world of trouble, works like a batting streak. All are games of a gambler playing with a limited stake against a house with infinite resources. The gambler must eventually go bust. His aim can only be to stick around as long as possible, to have some fun while he’s at it, and, if he happens to be a moral agent as well, to worry about staying the course with honor.

The picture of scientific method drafted by modern philosophy is very different from traditional conceptions. Gone is the ideal of a universe whose course follows strict rules, a predetermined cosmos that unwinds itself like an unwinding clock. Gone is the ideal of the scientist who knows the absolute truth. The happenings of nature are like rolling dice rather than like revolving stars; they are controlled by probability laws, not by causality, and the scientist resembles a gambler more than a prophet. He can tell you only his best posits—he never knows beforehand whether they will come true. He is a better gambler, though, than the man at the green table, because his statistical methods are superior. And his goal is staked higher—the goal of foretelling the rolling dice of the cosmos. If he is asked why he follows his methods, with what title he makes his predictions, he cannot answer that he has an irrefutable knowledge of the future; he can only lay his best bets. But he can prove that they are best bets, that making them is the best he can do—and if a man does his best, what else can you ask of him?

The theory that gravitational attraction is inversely proportional to the square of the distance leads by remorseless logic to the conclusion that the path of a planet should be an ellipse, … It is this logical thinking that is the real meat of the physical sciences. The social scientist keeps the skin and throws away the meat. … His theorems no more follow from his postulates than the hunches of a horse player follow logically from the latest racing news. The result is guesswork clad in long flowing robes of gobbledygook.