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Why are there more losers than winners in a gambling?


Ophelia

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Mathematics. 🤪

Someone who provides an environment for gambling takes for its fees a small percentage of the wagers. Therefore, the amount paid out in winnings will always be a bit less than the amount taken out in bets.
Most of the money made in gambling is made by the people who provide the venue and take the sure small percentage off the top. Though gambling is foolish, some people enjoy it and some of them become addicted to the point of giving up all they have.

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