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#17
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[ QUOTE ]
try thinking of it this way; In a hand of poker 1 person out of nine will win the pot, barring a split. Over the lifetime of the game if the same 9 players play (or 9 million) on average only the percentage that represents 1/9 would show a profit (in a zero sum scenario) [/ QUOTE ] This reasoning is completely wrong. Here's a counterexample: Imagine a nine-handed game where everyone wagers $1 and then a 12-sided die is rolled. If it comes up 10, 11, or 12 it gets rolled again; otherwise, the wagers are awarded to the player in the seat whose number comes up. After many rolls, the players' wins or losses will be normally distributed around a mean of $0. Half the players will be winners, half will be losers. |
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