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(Last Updated On: March 25, 2023)

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The system that the ALC is pursuing has been praised by the Nova Scotia government, though. They believe that online casino gambling is something that can be done safely and that the province itself is prepared to provide assistance to those who do suffer from gambling problems. Responsible gambling efforts will be in place at the online casino site waiting to be launched.

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The gambler’s fallacy has another name – the Monte Carlo fallacy. Some also call it the gambler’s paradox, but that is way out of context. Back in 1913, on one summer evening at Casino de Monte Carlo, one roulette wheel hit black 26 consecutive times. Millions of francs were lost by players who mistakenly believed that red was due. Knowing that the probability of red vs black is 50/50, they wrongly assumed a long streak of one colour hits was an unnatural deviation from the average, which had to correct itself. What did they get wrong?It’s an effective measure to save your bankroll from losses, making you come back stronger in the subsequent gamesEven the 23rd place finisher won a prize, $1,300 in cash to be exact..

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