Wager Mage
Photo: Timur Weber
Lotteries are regressive, meaning lower-income groups spend more of their budgets on lottery games than higher-income groups. Far more money is wagered every year on instant scratch-off games, which studies show attract more low-income gamblers, than huge jackpot drawings such as Powerball.
about 30 miles per hour It's generally accepted that the slowest car in the world is the Peel P50, a three-wheel microcar that was originally...
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Athletic performance is a complex trait that is influenced by both genetic and environmental factors. Many physical traits help determine an...
Read More »(CNN) — As lottery players across the nation accept that they didn’t win the historic $2.04 billion Powerball jackpot this week, experts are pointing to the flaws of a lottery system they say unfairly targets poor Black and brown communities. Lottery officials say the lone winning ticket holder of the largest lottery prize ever was sold in Altadena, California. The winner matched all six numbers — the odds of which were 1 in 292.2 million. "The lottery is possibly the cruelest way to rob poor people of their money." — Ed Latimore (@EdLatimore) August 26, 2022 But despite the extremely low chances of anyone winning, state lotteries continue to market and sell tickets to low income communities at higher rates leading those Americans to believe it’s a quick way to build wealth, researchers say. These communities are disproportionately made up of Black and brown people. Critics say the consequence is that marginalized people will be driven into deeper debt by a system that is transferring wealth out of their communities. Lotteries are regressive, meaning lower-income groups spend more of their budgets on lottery games than higher-income groups. Far more money is wagered every year on instant scratch-off games, which studies show attract more low-income gamblers, than huge jackpot drawings such as Powerball.
A line with a positive number means that the team is the underdog. If the line, for example, was +160 then you would make a profit of $160 if you...
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10-3 Betting Odds means that out of 13 possible outcomes, the 10/3 odds are that there will be 10 of one kind of outcome and 3 of another kind of...
Read More »The Howard Center pointed to a 1999 report to the National Gambling Impact Study Commission that found that Black and low-income people as well as high school dropouts were the most frequent lottery players. “Poor people are collateral damage to a cause of raising money for what the legislators feel is good purposes … public safety, local schools,” former Massachusetts inspector general Gregory W. Sullivan said, according to the Howard Center article. “State governments become dependent on the revenue and any moral considerations get pushed out of view and out of mind.”
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Probability Theory Probability Theory As discussed above, probability theory is at the core of mathematics in gambling. Essentially, when one...
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This little administrative region from China is famous around the world for its casinos and widely spread gambling culture. Known as the “Monte...
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101 points: Raiders 52, Oilers 49 (Dec. This was the first game to total over 100 points. This game had a modern feel despite it happening nearly...
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