risky Definition and 1 Threads

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    I Why do gamblers go broke even when the odds favour them at every step?

    Below is a scenario where at every step, you are choosing the more favourable option, but yet you would end up worse off definitely. How could it be? Suppose you start playing a fair game (or a game slightly to your advantage) with $10 and bet $1 each round. You tell yourself that you would...
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