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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.
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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.
How many people gamble?
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.
Do elephants know how to gamble?
They don't have the Vegas idea.
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.
Toin coss Probabilty Question?
Can you PLEASE help me with this problem:Suppose a fair coin is flipped twice and the following payoffs are assigned to each of the 4 possible outcomes: H-H:win20; H-T: win 9; T-H:lose 7; T-T: lose 16what is the ecepected value of the gamble?What is the probablity of each event?Is the gamble fair?
