4 ms·
The sneaky thing about gambling at casinos and other professional outfits is that the career total of any given gambler is a random walk that can easily end up
by foobarian 3y ago
The sneaky thing about gambling at casinos and other professional outfits is that the career total of any given gambler is a random walk that can easily end up quite positive with significant probability (e.g. say around 50-50), so if you poll your friends you may well find people who are ahead, which is really great marketing. The house advantage is that of course these "around 50-50" odds are in the house's favor, and thanks to large numbers of visitors they can remove the variance and profit reliably.
- SJC_Hacker 3y agoCompulsive gamblers have a tendency to not be honest about only counting their big wins and discounting their losses.
- jpsouth 3y agoA guy from my old local pub was always very keen to tell us about the couple thousand pound payouts, while also being very keen on asking others to buy him a pint or four because he had no money.