Chance And Luck a Discussion of the Laws of Luck Coincidences Wagers Lotter

Cover Chance And Luck a Discussion of the Laws of Luck Coincidences Wagers Lotter
Chance And Luck a Discussion of the Laws of Luck Coincidences Wagers Lotter
Richard a Richard Anthony Proctor
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In the other ; while in the other case, with a ratio of almost perfect equality, he would be the loser of a thousand pounds.
But now it might appear that, after all, this is proving too much, or, at any rate, proves as much on one side as on the other ; for if one player loses the other must gain ; if a certain set of players lose the rest gain : and it might seem as though, with the pre- valent ideas of many respecting gambling games, the chance of winning were a sufficient compensation for th
...e chance of losing.
Where a man is so foolish that the chance of havinsf 24 CHANCE AND LUCK.
more money than he wants is equivalent in his mind (or what serves him for a mind) to the risk of being deprived of the power of getting what is necessary for himself and for his family, such reasoning may be regarded as convincing. For those who weigh their wants and wishes rightly, it has no value whatever. On the contrary it may be shown that every wager or gambling transaction, by a man of moderate means, definitely reduces the actual value of his possessions, even if the wager or transaction be a fair one.


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