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What a casino knows is that whilst any singular instance of someone playing their game might result in the player winning money or even hitting the “jack pot”, due to the edge they hold, over time and over enough series of events, the casino will make a profit, and a large one at that. Remembering this point will help you make the transition from thinking in ‘certainties’ as I put it, to thinking in probabilities as Mark describes and as you should be thinking. Essentially, once you place a trade, you need other people traders to want to buy or sell a market at a worse price than you did in order for you to become profitable on that trade. So, if you buy a market at 10 for example, someone else has to want to buy it at 11 or 12, in order to make you a winner. Since you have no idea if that will happen or not, you cannot possibly predict the outcome of any given trade. Remember, all trades are people driven and influenced events, you are not in control.
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This is also known as the "secondary currency" or "counter currency".
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