Re:To make a fortune, target bored young men who want to mak...
by foobarian on Tuesday April 16, 2024 @10:43AM
(#40052604)
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.
Re:To make a fortune, target bored young men who want to mak...
by SJC_Hacker on Tuesday April 16, 2024 @11:14AM
(#40053041)
Compulsive gamblers have a tendency to not be honest about only counting their big wins and discounting their losses.
Re:To make a fortune, target bored young men who want to mak...
by jpsouth on Tuesday April 16, 2024 @01:15PM
(#40054600)
A 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.
I see this among a fair number of engineers in their 30s, 40s, and one pushing 50. I don't think many of the older crowd are doing it, but maybe they just don't talk about it. I have no idea how well they do, but I'm sure they lose on average. Bets are often in the hundreds of dollars if I'm hearing them correctly.