"Understand why casinos and racetracks stay in business - the gambler always loses over the long term"
- Marilyn vos Savant
About this Quote
This quote by Marilyn vos Savant is a reminder that betting is a dangerous activity and that the odds are always in favor of your house. It is a cautioning to bettors that, in the long run, they will always lose more money than they win. This is because your house has an integrated advantage, called your home edge, which guarantees that the gambling establishment or racetrack will constantly earn a profit. Your home edge is the difference in between the true chances of a video game and the chances that the gambling establishment or racetrack pays out. This suggests that, even if a bettor wins in the short-term, they will ultimately lose in the long run. This quote is a reminder to gamblers to be familiar with the threats connected with betting and to comprehend why gambling establishments and racetracks remain in service.
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