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Same holds true with gambling. For instance, the 'smart' poker players think that the odds will even out. However, they rarely take the time scale into account.
by SaltyBackendGuy 9y ago
Same holds true with gambling. For instance, the 'smart' poker players think that the odds will even out. However, they rarely take the time scale into account. Sure, your luck will get better (it may take more time than you'll be alive though)
- darawk 9y agoNo, it doesn't. Because gambling is done with a fixed-size pie. Allocating capital to productive enterprises is positive sum.
- Retric 9y agoHow to you picture holding on to a coin as a productive enterprise? I buy a coin and in 100 years I sell it. In that time the coin has gained value because that coin what?