Originally Posted by Kenny MF Powers
I live in Vegas and know many people who make more than they lose gambling. Its really not an odd thing at all. Theres millions of dumb tourists that come non stop thinking they know the game. It more than makes up for the winners.
Theres a big difference in people as gamblers. What me or you may do on occasion is much different than someone who bets regularly will do, and how they bet.
Its all strategy, and a small bit of luck.
actually I like to believe that I know exactly how gambling works and I also know boxing. I also gambled on soccer games in the past. and it doesnt matter whether you bet on the most simple bets like "team A wins" or whether you bet on "how many yellow cards will be in the 2nd half of the game". Bottom line is the betting odds are based on how likely something is going to happen. And the betting odds are also making sure the casino makes the most money. So if there is a 50:50 thing to happen (statistically), then the odds are decimal 1,80 instead of 2,0
That means the incident will happen at a 50 % probability, but you get paid less than double when you win.
So the betting odds ALWAYS make sure you dont win in the long run.