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RE: Is Gambling Profitable?

in #money8 years ago

Yes but you will still face the mathematical inevitability. In the long term you will guaranteed lose, it is not a question if, but a question of when.

Every single bet has a negative expectancy, and the more you play the higher is the total probability that your profit will go to negative.
https://en.wikipedia.org/wiki/Law_of_total_probability
https://en.wikipedia.org/wiki/Law_of_large_numbers