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Strategy | Description |
---|---|
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Mistake | Consequence |
---|---|
Gambling with Money You Can't Afford | Financial strain and potential debt. |
Chasing Losses | Attempting to recover lost funds can lead to further losses. |
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Concept | Description |
---|---|
House Edge | The inherent advantage that casinos hold over players, expressed as a percentage. |
Expected Value (EV) | A mathematical calculation that indicates the long-term profitability of a bet. |
Variance | The degree of fluctuation in winnings and losses over time. |
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According to a report by Statista, the global online gambling market is projected to reach $92.9 billion by 2023. This growth is attributed to the increasing popularity of smartphones, the availability of high-speed internet, and the legalization of online gambling in several countries.
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