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Gambling

Gambling

The casino operators know the laws of probability very well. They know, for example, the odds against getting any one of four possible Royal Flushes in a hand of poker are 649,739 to 1; they are aware that the odds of drawing any one of 624 possible hands of - four of a kind, that is four 2’s, four 10’s, etc., are 4,164 to 1; that in a roll of two die, the odds against a single roll of 2, are 36 to 1.  They know if you throw a six faced die once, the chance of getting a 1 or 6 is 1/3, getting an even number is ½, getting a number less than three is 1/3 and getting a number less than 5 is 2/3.
In terms of gambling is the more money you have to wager, and if you pace yourself in betting, the longer you can stay in the game and thus the greater your odds for winning. The less money you have, and the larger your bets, the shorter the length of time you can play and thus the greater your odds for losing. All professional gamblers know this, but I’m not certain they all

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