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  • 01.5 Dangers of Speculation

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    Ankita Dhal
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    Speculation involves risks from unknown factors that insiders may be aware of, as well as swift changes in underlying conditions, meaning chance plays a greater role than the stated odds. Roulette at Monte Carlo casino exemplifies this, as the house maintains an built-in statistical advantage through its mechanics and rules of the game. Speculators should be aware of these inherent dangers in any speculative venture.

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    Speculation involves risks from unknown factors that insiders may be aware of, as well as swift changes in underlying conditions, meaning chance plays a greater role than the stated odds. Roulette at Monte Carlo casino exemplifies this, as the house maintains an built-in statistical advantage through its mechanics and rules of the game. Speculators should be aware of these inherent dangers in any speculative venture.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    01.5 Dangers of Speculation

    Uploaded by

    Ankita Dhal
    Speculation involves risks from unknown factors that insiders may be aware of, as well as swift changes in underlying conditions, meaning chance plays a greater role than the stated odds. Roulette at Monte Carlo casino exemplifies this, as the house maintains an built-in statistical advantage through its mechanics and rules of the game. Speculators should be aware of these inherent dangers in any speculative venture.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Commission, Interest

    House Advantage

    1. Mechanics of speculation

    2. Underlying factors liable to swift change

    DANGERS OF SPECULATION

    4. Chance plays a greater role than odds

    Monte Carlo Roulette

    3. Unknown factors known to insiders

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