Hacker News new | ask | show | jobs
by smcg 2 days ago
Gamblers shouldn't expect to win all the time.
1 comments

Some seem to expect governments to save them, which worked in 2008.
Wasn't that the casino who were rescued.. anyway they were selling "bets" which they claimed were "safe'.

If 100 people play a parlor game which the ratings agency has given"80% chance of winning", and 70% lose money instead...