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Preference for most likely outcomes. When gambles are selected by way of a selection procedure – when individuals indicate which gamble they like from the list of gambles (e.g., gain/eliminate, about/beneath) – men and women have a tendency to prefer to bet on the end result which is a lot more likely to happen.
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One example is, gamers of marbles games may wager marbles, and Similarly online games of Pogs or Magic: The Accumulating can be played With all the collectible video game pieces (respectively, tiny discs and buying and selling playing cards) as stakes, resulting in a meta-recreation concerning the value of a player's collection of items.
Some speculative investment decision routines are especially dangerous, but are occasionally perceived for being different from gambling:
Though insurance policies is sometimes distinguished from gambling by the prerequisite of an insurable desire, the equivalent in gambling is simply betting from a single's have most effective passions (e.g., a sports mentor betting towards his have crew to mitigate the monetary repercussions of the dropping season).
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