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Fair payout? I was with you till that point.
Posted by saw (more from saw) on Fri, 18 Jun 2004 12:43:32
In Reply to: Gambling for the mathmatically challenged....., Mike Lynch [Profile/Gallery]
, Fri, 18 Jun 2004 12:04:48
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What is a fair payout? Slot machine? Table? Lottery Ticket? What's the deference? All gambling is a loosing proposition by design. Well at least for the one doing the gambling. The marginal value just doesn't compute.
Then again I suppose it is hard to argue with one of the few that has hit it big in the lottery or whatever. That of course is exactly why many will take the suckers bet. Most know darn well the likely outcome but the consquences of loosing seem minimal compared to even the smallest prospect of winning big. People aren't playing the payout they are playing the prospect of hitting it really big. For a buck or two people thing what the heck. When your talking about a loosing proposition payout is irrelevant and this perspective is at least as legitimate as considering % payout.
posted by 216.165.14...
Posts in this Thread:
- Lottery Scam ???, kskid, Thu, 17 Jun 2004 13:44:51
- Gambling for the mathmatically challenged....., Mike Lynch , Fri, 18 Jun 2004 12:04:48
- Sounds like one of them there Frudsters! n/m, Noel, Fri, 18 Jun 2004 06:57:56
- Ask Them to Take The $1500 Out of The Winnings, NR_Arc, Fri, 18 Jun 2004 06:02:11
- Re: Lottery Scam ???, Jeff R, Thu, 17 Jun 2004 19:10:42
- I'm still amazed that folks fall for this stuff..., Scott Paterson , Thu, 17 Jun 2004 18:39:08
- if it asks for bank info ... RUN AWAY, Trev, Thu, 17 Jun 2004 16:16:49
- All lotto's are scams. No question. nm, Taylor, Thu, 17 Jun 2004 14:43:28
- Re: Lottery Scam ???, JLowe, Thu, 17 Jun 2004 14:39:51
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