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Aha, I see what you're saying. You're right, but I still think you're reading something into the top-level comment that isn't there. The way I understand it, t
by kqr 5y ago
Aha, I see what you're saying. You're right, but I still think you're reading something into the top-level comment that isn't there.
The way I understand it, they're not saying "casinos make money because their counterpart is going broke" (and you're right that they don't.) They're saying "in the casino vs. player situation, the player will almost always run out of bankroll before the casino does, and therefore the casino does not risk ruin, even in highly volatile games."
- confidantlake 5y agoI reread the parent and the article and see what you are saying. I agree that I misread the top level comment, and they were correct. (I only looked at the first roulette example where bankroll did not even exist). Thanks for pointing this out.