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GAMBLING:
HOW SAVVY ARE YOU?
DAN RICHTER, FOUNDER OF
 BETTER FUTURES
"You might think you are
an expert gambler,
so try these 3 simple
questions" 
Tony McCoy is one of the
best jockeys ever.
If you had bet £1 on every race
from 2000 until his retirement,
how would you have fared?
A: Won £7,743
B: Broken even
C: Lost £1,743?
Answer:
C. You would have lost £1,743 by betting
on Tony McCoy in every race!
Despite his success, he still only won
around 1/4 of his races, and bookies always
had him at short odds. 
Lesson:
Even skillful prediction and backing a
winner will not help you succeed! 
I toss a coin 9 x
and the pattern of
heads and tails is:
H  T  H  H  H  H  H  H  H
What is the 10th toss more likely
to be, heads or tails? 
A: Heads
B: Neither
C: Tails
Answer:
B. Neither. Each toss is an independent
event, and coins have no memory! 
Lesson:
 Our brains are designed to see patterns
and make sense of the world around us. In
the case of gambling, this is a
disadvantage as we often see patterns
that aren't there
Are you more likely to
win the UK
National Lottery jackpot or
die in a plane crash?
A: 3 x more likely to win lottery
B: About the same
C: 3 x more likely to die
in a plane crash
Answer:
C. You're 3 x more likely to die in a plane
crash than win the lottery jackpot.
Lesson:
We are wired to notice extraordinary things,
what you don't notice is all the millions of
people who play and never win.
Everyone thinks they will be the lucky one.
SO WHAT?
You might be surprised by the answers to those
questions if you are a gambler.
We believe you could be doing better things with
your time, talents and money. 
Why not look up our advice? 
GET ADVICE NOW
www.betterfutures.uk
The UK social enterprise for gambling addiction

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Gambling: How savvy are you?

  • 2. DAN RICHTER, FOUNDER OF  BETTER FUTURES "You might think you are an expert gambler, so try these 3 simple questions" 
  • 3. Tony McCoy is one of the best jockeys ever. If you had bet £1 on every race from 2000 until his retirement, how would you have fared?
  • 4. A: Won £7,743 B: Broken even C: Lost £1,743?
  • 5. Answer: C. You would have lost £1,743 by betting on Tony McCoy in every race! Despite his success, he still only won around 1/4 of his races, and bookies always had him at short odds.  Lesson: Even skillful prediction and backing a winner will not help you succeed! 
  • 6. I toss a coin 9 x and the pattern of heads and tails is: H  T  H  H  H  H  H  H  H What is the 10th toss more likely to be, heads or tails? 
  • 8. Answer: B. Neither. Each toss is an independent event, and coins have no memory!  Lesson:  Our brains are designed to see patterns and make sense of the world around us. In the case of gambling, this is a disadvantage as we often see patterns that aren't there
  • 9. Are you more likely to win the UK National Lottery jackpot or die in a plane crash?
  • 10. A: 3 x more likely to win lottery B: About the same C: 3 x more likely to die in a plane crash
  • 11. Answer: C. You're 3 x more likely to die in a plane crash than win the lottery jackpot. Lesson: We are wired to notice extraordinary things, what you don't notice is all the millions of people who play and never win. Everyone thinks they will be the lucky one.
  • 12. SO WHAT? You might be surprised by the answers to those questions if you are a gambler. We believe you could be doing better things with your time, talents and money.  Why not look up our advice?  GET ADVICE NOW www.betterfutures.uk The UK social enterprise for gambling addiction