Question
Question 7 The average cost per hour of gambling: Select the best option then click Submit. Means that luckier machines will reduce your average cost per hour Can be reasonably calculated based on long-term averages Is a concept that means that gambling does not have an average cost per hour if you win money All of the above
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MiraProfessional · Tutor for 6 years
Answer
The best option is **Can be reasonably calculated based on long-term averages.**<br /><br />Here's why:<br /><br />* **Average cost per hour** in gambling refers to the expected loss a player incurs over an extended period. It's calculated by considering factors like the house edge, the average bet size, and the speed of play. While individual sessions can vary wildly (you might win big or lose big in a short time), the long-term trend will tend towards this average cost.<br /><br />* "Luckier machines reducing your average cost per hour" is misleading. Slot machines, for example, operate on random number generators. While a "lucky streak" might make it *seem* like the cost is lower in a given session, the machine's programmed payout percentage will ultimately dictate the long-term average cost. There's no such thing as a consistently "luckier" machine.<br /><br />* The idea that "gambling does not have an average cost per hour if you win money" is incorrect. Even if you win in a particular session, the underlying probabilities and house edge still contribute to a calculable average cost over time. Winning sessions are just deviations from that average, not an elimination of it.<br />
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