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How is gambling negative sum? The total gains and losses are zero. That casino games tend to favor the house doesn’t change that. And much gambling is just priv
by User23 4y ago
How is gambling negative sum? The total gains and losses are zero. That casino games tend to favor the house doesn’t change that. And much gambling is just private wagers.
- querulous 4y agomany table games and all sports betting i know of take a commission (the rake). they are definitely not zero sum
- renewiltord 4y agoTrue, but this makes wire transfers a negative sum game and we'd have to ban them.
- User23 4y agoAnd all lending at interest too. There are plenty of ways to criticize gambling as a non-productive activity, so there’s really no need to redefine game theory to do it.