1. This interactive by Las Vegas Sun describes how in the long run, you’re going to lose every single penny when you throw your hard-earned money into a slot machine. In the short-term though, it is possible to win. It’s all probability. It’s also why statisticians don’t gamble. Nobody plays a game that he’s practically guaranteed to lose, unless you’re a masochist - or you’re Al Pacino in that one horrible sports gambling movie with Matthew McConaughey. (via Virtual Slot Machine Teaches the Logic of Loss | FlowingData)

    This interactive by Las Vegas Sun describes how in the long run, you’re going to lose every single penny when you throw your hard-earned money into a slot machine. In the short-term though, it is possible to win. It’s all probability. It’s also why statisticians don’t gamble. Nobody plays a game that he’s practically guaranteed to lose, unless you’re a masochist - or you’re Al Pacino in that one horrible sports gambling movie with Matthew McConaughey. (via Virtual Slot Machine Teaches the Logic of Loss | FlowingData)

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