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Ratio bias. Gamblers will prefer gambles with even worse odds which are drawn from a significant sample (e.g., drawing a person pink ball from an urn containing 89 purple balls and eleven blue balls) to better odds that are drawn from a little sample (drawing a single red ball from an urn containing nine purple balls and 1 blue ball).[60]
Arbitrage betting is a theoretically threat-free of charge betting process in which every result of an celebration is bet on in order that a identified earnings is going to be created by the bettor on completion from the occasion, whatever the result.
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