The house always wins because they're the ones who set the odds. So how is it possible for a betting operation to LOSE money? Well, the District of Columbia figured out how.
GambetDC betting kiosks installed throughout the city managed to lose $67,000 in a month. They blamed it on a single bettor, but the truth is that they screwed up setting the odds.
It turns out the house can actually lose -- when the house is run by the government.
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The Casino That LOSES Money
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