Housing societies’ gatherings in the 1980s often featured food stalls and light gambling games. One popular game was ‘Lucky 7’, played with two dice. Players bet on whether the total would be ‘below 7’, ‘above 7’, or ‘exactly 7’.
A Rs 10 bet on ‘below 7’ or ‘above 7’ could win you Rs 20, while betting on ‘lucky 7’ could win you Rs 40. Most people bet randomly for fun, winning occasionally. But eventually most lost and quit.
I thought I had devised a clever strategy: doubling my stake after each loss to recover my original bet. I started
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper