Re: Gambling as a profession: there's people who live out of gambling?
If we are talking specifically about gambling and not about gambling where there is an element of skill, then the picture is exactly the opposite. It is quite easy to win at a distance of 10 bets, at a distance of 100 bets it is more difficult, at a distance of 1000+ bets it is almost unrealistic. The larger the number of bets, the closer to theoretical results (and the casino always wins on them).
Bet will always be depends on the person decision for me. It is gambler who is responsible for his winnings. We all know that gambling has always a 50/50 chance of winnings. And people oftenly always believe that it will always depends on strategy but definitely itis because of the persons greed and how to control emotions. Gambling is one of the best thing that happens in this days. And gamnling is considered as one of the good investment today, because it can give you a quite good earnings and also because of the good coins that pumping today. I can see some opporunity in gambling as well as others.
This is a very wrong statement, and you can hear it often not only from beginners but also from professionals. If we are talking about a perfect coin, then there is only a 50/50 result, but the chances of winning are 49.5 for you and 50.5 for the casino (depending on the house edge). I think that you will agree that if you reason correctly, then we get completely different logical assumptions regarding gambling
