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and relying on the law of large numbers.
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A casino does not have a risk
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that the law of large numbers will be repealed
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and a roulette table will be a long-term losing proposition
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or a craps table will be a long-term losing proposition.
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They have risks that their overhead won't cover
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or that they won't have
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their risk is that a steady stream of people won't come
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and be making a steady stream of bets at which
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each of them has a slightly negative expectation.
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We really want to think,
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whenever we look at anything,