Tag: Gambling on chance
Gambling on chance, judgement or both?
March 8, 2014
If you see yourself as a serious gambler, it’s probable that you bet on sports, other activities or poker, as all these things require judgement. Logic has it that if you play games of chance over a long period, you’ll lose. So games like bingo, slots games and casino games all have a house edge which dictates that – if you play on long enough – you’re sure to lose out. It’s the law of probability on which casinos are built. With poker tournaments, however, and with all forms of gambling on sports, there’s a far greater degree of judgement,…