The Universe is a funny construction.  Broken down to its most minute level which is below the subatomic layer, there is a reality, one could liken to an essence or substance of sheer creative power (or dark energy). This power has the ability to create any given position of any given phenomenon in any given space and temporality. Yet all things being equal in this immense equation, it is the apparent inequalities we thrive in as humans and which we deem valuable or invaluable according to set standards.

The point here is that what is essentially a boundless body of something beyond matter and energy (the two being the very same nature), it has certain laws. One of them is that what is given a position of appearance and taken advantage of, is taken back and the position cleared into a zero-sum balance.

The process is ongoing without end.

To a player, who has overcome his gambling nature and become acquainted with this specific law, any taken position is understood as one taken against this Universe via its proxy, is the game at hand as a representation of the said body. What we see in this game as a variance generated by something apparently random, is the Universe offering positions based on our interpretation of its infinite ability to create positions based on a vast net of interdependent origination.

The human mind is too feeble in comparison to the entire body of the Universe, to understand or perceive its ongoing process of creating/rendering incalculable positions of matter and energy in a temporal casing we come to see as time relative.

For sure various equations can be developed to describe these states and our relation to the parameters of said mathematical realities, but when it comes to what we perceive as chance, "luck" and "bad luck", we are merely addressing created positions of deemed value and not the true reality of the Universe itself.

Still, for a player of chance, it is important to be aware of  "Red Days of Loss" or what I choose to call - RDL.

When RDL hits you certain times a year or month, it is nothing you can do to prohibit this process having its way. Bing on the financial market, this is the day you will take a good haircut without even being able to bail out. In gambling, this will be the day your system or protocol simply doesn't work and brings nothing but loss however implemented. 

For those who have a keen sense of impending or ongoing RDL, they cut their lossess and stop any activity encouraging further loss by acknowledging this is a day of the Universe correcting its positions versus your own activity. Sure, you will, if being aware of the RDL, land on a profitable balance accumulated from earlier days of activity, but if you challenge the RDL  with your entire position, you will lose, and you will lose it all.

How this takes form is a spectacle well worth observing at least one, or two times,  in your life, but it is also a necessary one, as to teach you, the immense irrelevance you have and play in comparison to the sheer power you use and challenge on any given day, for any given desire, and outcome be it professional life, gaming, or otherwise.

I hope this post has at least helped preparing you for future RDL and given room for contemplating past ones where you didn´t know what was going on.

Thank you.

A most interesting and thoughtful exposition, Thomas. Much to ponder. The forum is fortunate to have yourself and few others who post interesting, literate and challenging ideas.

Your point about RDLs reminds me of "drain days" in my own betting activities both on horses and greyhounds.

Bear with me and I'll explain the highlights...

In 1929 Ralph Nelson Elliott discovered a repeating pattern in the stock markets.  He found a fractal type mathematical model to define the pullbacks and gains that a stock and the markets as a whole go through.

Yes, some of you will recognize  the Elliot Wave.

Like most things in life, racing conforms to the Elliot Wave and Fibonacci principles and laws.

In racing, you will often find that a system works well 61.8% of the time. But 38.2% of the time you will experience uncharacteristic losses that will drive you bonkers!

Interesting note that the Elliott Wave theory also has periods where there will be 61.8% losses to 38.2% wins.

These are the "drain" periods. Or, to use Thomas' analogy, the Red Days of Loss.

Luckily, drains can be easily spotted. When your system fails 2 to 3 times in a row, you have encountered a drain -- an RDL situation.

As far as win bets are concerned you just have to stay out of the betting market.

But, as in the equity or currency markets, you can use reverse strategies to make money during a drain in the betting results. You can lay instead.

Betfair and its exchange competitors offer the option to lay. That's not to everyone's taste because eventually liabilities will bite when the selection is inconsiderate enough to actually win instead of lose!

Either way I've found it's best to stop and paper trade until the 61:38 ratio begins to reassert itself -- it doesn't have to be exact but close.

Of course, none of the observations in these two posts thus far, will be wasted on the more thoughtful forum members who enjoy casino betting.

Hello Thomas!
"Red Days" reminds me of "Born on a
blue day" by Daniel Tammet! You know, the guy presented in the media  as a person with extraordinary skills.
Such "RAIN MAN" persons often pay a high Price when it comes to  social life and psychological understanding.

The Danish Anja C. Andersen is a nice woman and an well functioning researcher into BLACK HOLES
I recently heard her on the radio. She also mentioned ZERO. Which reminds me of a piece of news from some popular science site:
The "invention" of Zero in India seems to be much older (approx. five centuries older!) than we thought.
It might not be a coincidence that the idea of "nothing" sprung from old India with its yogic heritage, although we may not be ready for a proposed fouth major state of consciousness  or to live in tuna with the whold wide Universe. Inte knulla nullan!

In The 10th Mandala of Rig Veda you can see "Gambler´s hymn". Maybe it can´t compete with "Love Mine Zero/No Limit", but nevertheless it is a surprising and poetic proof that certain symptoms were known in ancient India too.

Thank you for your perspicacious comment, Dane.

Your Swedish insertion gave me a chuckle and managed to put a smile on my face while working on my next platform below...