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07-17-2011, 05:31 AM
Join Date: Aug 2005
Originally Posted by
It's actually because most people aren't capable of managing money correctly and place huge bets hoping to hit it large. When the majority falls into that category it's pretty easy to understand Iwhy casinos and sports books make tons of money.
But to assume it's impossible to win/make money at it is pretty foolish. There's plenty of people who do. They're just not the majority. And as long as it stays that way (which it always will), the casinos and books have nothing to worry about.
I used to work for a magazine named Gambling Times and I worked for a bookie for a few years. A big bookie.
To say that plenty of people make money gambling is quite the stretch. The people who show a profit longterm are far less than 1%.
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