Gambling and betting and the wrong UK point of view I will give just my two cents :
- it betting it is all about maths, stats and possibility sth to happen or not to happen.- I used to be a Sport Betting Trader and have to agree with Dan Horvat, that people who bet on Player Pros on American Football can ruin the house of many bookies, if they allow them big exposures.
- gambling is when you are far to scared to bet big or on reasonable odds live evens or higher. Gambler is a guy, who is not determind and convincd what he do. When you go to a pokie or just try to beat the roulette with small bank in zero time - we all know what the result will be.
- When you place a bet - you know the price, I mean your own price, the price of your bet and how long will you get , until you got limited or kindly aksed to stay aways for a betting company.
- people , who bet on slots, scratch , bingo or lottery do not have any knowledge. So i.e you go with 500$ or a single bet of a 1$ or 4 $ , what wil you expect to happen? On the other hand smart unter can kill a bookie with such bank.
- one very important thins is call "inner information" ( regarding basketbaal, footbbal, baseball game or any other tennis event). In such cases you are sharper or just too dangerous for any house. What information can you have about slots or table games ?
Seven times fall, eight times stand.