re: Man loses his hard earned money at the casino and loses it

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Isn't this what everyone says?

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Yes that’s correct. Pretty much everyone says that. If one breaks even they are doing good. If you earn a little coin you’ve done well to stay afloat and turn a profit. Only 1% of true sports handicappers can earn a living wagering on that stuff. 99% of the people out there that wager on sports for an entire calendar year end up losing money. I’ve worked behind the counter I know this as fact. To earn a profit mathematically one must win around 57% of the time which is hard to do. Far as table games I think it’s even harder. Slots no way, all that is sheer luck of being at the right place at the right time. Sports wagering is the only thing I can win more than I lose and some years I’ve done well to break even or small loses. People don’t need to gamble unless they can afford to lose because ultimately that’s what happens to most. They aren’t building those fancy casinos giving money away.