*Whilst coin tossing is not generally performed in a very casino, it's been known to be an official gambling activity in some Australian casinos[sixty]

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Ratio bias. Gamblers will prefer gambles with worse odds which can be drawn from a considerable sample (e.g., drawing a single crimson ball from an urn that contains 89 purple balls and eleven blue balls) to higher odds which have been drawn from a little sample (drawing 1 crimson ball from an urn containing nine pink balls and a person blue ball).[71]

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Some speculative expenditure pursuits are specifically risky, but are occasionally perceived to get distinct from gambling:

We selected two IRs, because the Bayfront and Sentosa jobs complement one another, for the reason that obtaining two offers competition and significant mass, and because we think that enfejar bet two projects will provide much more financial Rewards, without the need of raising the social Expense commensurately; Just after weighing the issue carefully, the Cabinet has collectively concluded that we experienced no option but to progress Using the IRs. As Primary Minister, I have the ultimate duty for the decision. ^

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