We agree with each other. The other poster is the one who did not recognize the similarities between a poker mindset and an engineering mindset. I am well aware of how risk mitigation, planning, and safety factors roll themselves into engineering.

And a bit of a nitpick, but we are just throwing dice. The entire idea of a safety factor is an abstraction to get away from statistics which is why it has been almost completely replaced in structural engineering with LRFD which is based on statistical analyses of component/system failures.