The Magic Economics of Gambling

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Animation by Josh Sherrington
Sound by Graham Haerther (
Thumbnail by Simon Buckmaster

Special thanks to Patreon supporters
Alec Watson, Andrew J Thom, Braam Snyman, Bryan Yip, Chris Allen, Chris Barker, Connor J Smith, Daddy Donald, Etienne Dechamps, Eyal Matsliah, Hank Green, Harry Hendel, James Hughes, James McIntosh, John & Becki, Johnston, Keith Bopp, Kelly J Knight, Ken Lee, KyQuan, Phong, manoj kasyap govindaraju, Plinio Correa, Qui Le, Robin Pulkkinen, Sheldon Zhao, Simen Nerleir, Tim Robinson

Music by

Select footage courtesy the AP Archive

26 thoughts on “The Magic Economics of Gambling”

  1. The Quran says this about Gambling as advice to mankind – “O you who believe! Intoxicants (all kinds of alcoholic drinks), gambling, al-Ansab [sacrifices for idols, etc.], and al-Azlam [arrows for seeking luck or decision] are an abomination of Shaytan’s [devil's] handiwork. So avoid (strictly all) that (abomination) in order that you may be successful. Shaytan wants only to excite enmity and hatred between you with intoxicants (alcoholic drinks) and gambling, and hinder you from the remembrance of Allah [god] and from al-salah (the prayer). So, will you not then abstain?” [Mentioned in Chapter Aal-Maidah 5:90-91]. This advice was given to mankind over 1400 years ago!!! Think of how timeless are the words of the Quran.

  2. But you DON’T get to play the 80% chance of $6.25 “infinite times”. That’s why your comparison is a bit absurd.

    06:10 Again, 0.5% chance of $1000 is NOT the same amount as 100% of $5, YOU DO NOT GET TO PLAY INFINITE TIMES.

  3. Your premise fails in the first minute. Gambling customers pay for entertainment value; I might pay to see a movie, I don’t expect the theater to give me 100% of my money back. Why would the casino give you all your money back after entertaining you?

  4. In my opinion casino gambling is a fraud. A slot machine is programmed to pay out after consuming hundreds or thousands of dollars. The only ones gambling are the bettors against eachother. Give it to charity and you'll get a nice warm glow. ☮️

  5. But insurance spreads the catastrophic risk among millions of policy holders. People are willing to lose a little (premiums) to avoid losing their homes, life savings, etc.

    Gamblers, on the other hand, are not investors. Science has shown that dopamine in addicted gamblers goes up when? Not when the outcome is revealed, or when the payoff is made. No. It shoots up when the bet is placed! THAT's what casinos are selling.

  6. By the way, do casino resort owners run their businesses like cruise shops or amusement parks (keep the customers inside their business long enough to drain their $$$)?

  7. It takes years of hard work to understand the game,you expect to go play with 1000 dollars and make 50k over a weekend nooo,just like going for degree at university to start earning,same to gambling,a winning mindset, discipline to overcome variance.

  8. Wait. Is your channel not related to the city of Wendover, NV? The city is famous for it's casinos and the Enola Gay began it's infamous flight to Hiroshima from there

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