chocolate covered poop: Doesn't it also lead the world in most actual on the books, recorded, gambling?My understanding is more gambling = more losses. The article seems to imply America is "bad" at gambling. In the long run and at an aggregate scale, everyone is "bad" at gambling. Thats why gambling exists...
Cheron: Could it be that we just have legal gambling with awful odds. The guys in the shop for years have had a lottery pool, after 25 years it is dying because $50 goes in and $2 comes out. I live in the area of Foxwoods Casino and 25¢ of every dollar put into a slot machine goes to the state. The biggest gambling consortium are states and after making their competition illegal they have no reason to offer good odds.
exparrot: Isn't gambling the definition of a zero-sum game?Somebody else won that money, correct?
Arkanaut: 90% of that was Floyd Mayweather.//I know, fake, yadda yadda yadda
Fear the Clam: 10% of that money was in scratch tickets that were thrown on the ground on my street./When I'm king there will be a significant deposit on scratch tickets
Links are submitted by members of the Fark community.
When community members submit a link, they also write a custom headline for the story.
Other Farkers comment on the links. This is the number of comments. Click here to read them.
You need to create an account to submit links or post comments.
Click here to submit a link.
Also on Fark
Submit a Link »
Copyright © 1999 - 2017 Fark, Inc | Last updated: Jul 23 2017 15:27:57
Runtime: 0.155 sec (154 ms)