A risky business it is soccer betting
I am not here to preach about religion, but I have a bit of knowledge of statistics and probability to share with you all. To make it short, yes, one can win the £20 million jackpot by guessing the right number combinations. The question is, one of how many? Seven million people? Ten million?
Does it not sound like false hope? Or a day-light scam?
What are the risks for the betting industry? Nothing really. The gamblers put in money, the money is then pooled in the account and carried forward – and the bookmakers don't even have to pray that they won't make a catastrophic loss.
What is the probability of getting the right combination number? 1 in 14 millions? 1 in 600 millions?
Recent results from the 2010 World Cup in South Africa also saw many people losing money. Spain was beaten 1-0. France is officially out of the knock-out stage.
As for England, well you know, blaming the ball and vuvuzelas. I cannot stop smirking at those grim faces in the office losing bets to unexpected results from the group stage.
Say what? Malaysia wants to legalise sports betting? I think Malaysians should stop this obsession with these orang putih (white people).
They are also human, you know, not gods-who-know-it-all. One should not see a community as a better deal just because they seem to be better off. That's just shallow.
Gambling and sports betting are all risky businesses. I can understand the lure, but I wouldn’t bet my money on it.


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