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Quote from: Julien_Olynpic on June 17, 2025, 02:14:44 AM

I am not at all sure that the persistent fool will be profitable in the long run. Persistence is a quality that can bring success in other areas, for example, in business. In real business, there are often situations where you are required to persist and persist in achieving your goals. The most important thing, the main thing that persistent fools can survive in the long run is the low cost of mistakes. In business, mistakes can really be cheap, although this is not always the case. In gambling, mistakes are almost always expensive if you measure them as a percentage of the entire deposit. The high cost of mistakes will not allow the persistent fool to have significant profits in the long run.
Indeed, people who often make mistakes when betting are very unlikely to be able to get profit when playing, but on the one hand, sometimes no matter how smart a gambler is, even though he is able to make a good game strategy, it does not guarantee that he can get a lot of money through betting because in the game, a person's luck factor also greatly affects his victory.
Gambling is very different from doing business because in doing business we are required to continue to have skills if we want to make a profit so that it cannot be equated with betting games because they are not related to each other.
Original archived Re: Long-term earnings in sports betting are evidence of high intelligence.
Scraped on 17/06/2025, 04:01:47 UTC
Quote from: Julien_Olynpic on June 17, 2025, 02:14:44 AM

I am not at all sure that the persistent fool will be profitable in the long run. Persistence is a quality that can bring success in other areas, for example, in business. In real business, there are often situations where you are required to persist and persist in achieving your goals. The most important thing, the main thing that persistent fools can survive in the long run is the low cost of mistakes. In business, mistakes can really be cheap, although this is not always the case. In gambling, mistakes are almost always expensive if you measure them as a percentage of the entire deposit. The high cost of mistakes will not allow the persistent fool to have significant profits in the long run.
Indeed, people who often make mistakes when betting are very unlikely to be able to get profit when playing, but on the one hand, sometimes no matter how smart a gambler is, even though he is able to make a good game strategy, it does not guarantee that he can get a lot of money through betting because in the game, a person's luck factor also greatly affects his victory. Gambling is very different from doing business because in doing business we are required to continue to have skills if we want to make a profit so that it cannot be equated with betting games because they are not related to each other.