A coping perspective on repeatable rare events
The biggest difference between the house and a gambler is their funds: The house can keep playing forever, and a player cannot (or usually does not, at least). The majority of us stops playing simply because we run out of funds, not because we have won enough; therefore the house never loses. If, however, getting one win is all you want despite vanishingly low odds, how do you decide whether the given game is worth playing?
