FlexiLingo
The Magic Economics of Gambling | Wendover Productions
- Business & money
The Magic Economics of Gambling Build your website for 10% off at http://Squarespace.com/WendoverSubscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinterestingGet the Wendover Productions t-shirt: https://standard.tv/collections/wendover-productions/products/wendover-productions-shirtCheck out my personal channel: https://www.youtube.com/channel/UCDA1X6RrhzZQOHOGvC3KsWgSupport Wendover Productions on Patreon: https://www.patreon.com/wendoverproductionsYoutube: http://www.YouTube.com/WendoverProductions Twitter: http://www.Twitter.com/WendoverPro Email: [email protected] Reddit: http://Reddit.com/r/WendoverProductionsReferences: [1] https://www.statista.com/statistics/253416/global-gambling-market-gross-win/ [2] http://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_MET_2017...
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B2 · Upper-intermediate
Comfortable if you already follow TV news
- 71% of the words are B1 or easier.
- 129 words a minute: slow, clear speech.
- 61 harder words (B2 and up) in the whole episode.
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Real sentences from the start of this episode. Every word is marked with its level.
An American roulette table has 38 numbers on it—double zero, zero, and one through 36.
, , , .
If you put a $5 chip in the red box, for example, and the ball falls on a red number, you double
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Is this episode right for you?
B2 · Upper-intermediate
Comfortable if you already follow TV news
- 71% of the words are B1 or easier.
- 129 words a minute: slow, clear speech.
- 61 harder words (B2 and up) in the whole episode.
Transcript
The opening of the episode. The whole transcript is in the player.
harder words (B2+)
This video was made possible by Squarespace. Build your beautiful website for 10% off at squarespace.com slash Wendover. According to conventional economic rules, casinos shouldn't be able to exist. That's because conventional economic rules assume humans are rational.
Conventional economic rules would predict that, if someone offered you a deal where you gave them $100 and they gave you $94.80 back, you wouldn't take that deal, but But for some strange reason, perfectly intelligent people head to the roulette table every day and in essence take that exact deal.
Just look. An American roulette table has 38 numbers on it—double zero, zero, and one through 36. The best odds on the table are in the red, black, even, and odd boxes. If you put a $5 chip in the red box, for example, and the ball falls on a red number, you double
That was the opening. The rest of the episode (16 min) is in the player: every word clickable, with translation, saved words and flashcards.
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