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There are over 6 billion people in the world with over a few billion being children and people from poor countries that cannot afford to gamble, but there is approximately 1.6billion people gambling during any given year with over 4.2 billion people having gambled at one time or another, through card games and professional stakes.
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What best explains why some people consider it foolish to gamble while other people like to gamble?
Gambling involves too much risk for some people.
Do elephants know how to gamble?
They don't have the Vegas idea.
Why do so many people gamble and the probability of winning is very low?
People often look at the expected value of the outcome rather than only the winning probability. So with bigger prizes, the probability of winning can be lower and still remain attractive. Many people experience a buzz out of gambling and it can be very addictive. Also, there are some games where the probability of winning can be increased - legally. A good poker player, for example can expect to win at a table full of less expert players.
Why do people gamble?
people gamble because they do it as a young age at a fun fair or at a theme park in the casino or maybe because of there parents so they will try it out and if they win they become addicted to it by winning more and more money and even when they loose they still think they might have better luck next time until they loose all there money and begin to borrow putting themselves in debt so gambling is not good but can be at times every now and again is good but to become addicted is not.
What is a gambling line?
A gambling line is a line of credit that a casino grants you in order to gamble. It is a pre established line of credit based on your history with them.
