A casino is the only human venture I know where the probabilities are known.
About this quote
- What does it mean?
- Casinos are rare places where the chances of outcomes are clearly defined.
- In plain terms
- Only in a casino do you know the exact odds.
- What can you take from it?
- Real life usually has unknown odds.
Where it applies
Putting it to work
Questions to consider
- Where else have known odds?
- How do you handle uncertainty?
Another view
Even casinos have variables the player doesn't know.
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