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# The owners of gambling casinos are keen to attract

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Manager
Joined: 15 Mar 2012
Posts: 69

Kudos [?]: 8 [0], given: 20

The owners of gambling casinos are keen to attract [#permalink]

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03 Nov 2012, 01:59
00:00

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(N/A)

Question Stats:

91% (00:51) correct 9% (01:05) wrong based on 115 sessions

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The owners of gambling casinos are keen to attract inexperienced poker players because, on average, these people lose money to the casino, which increases the casino’s profits. This is because the average inexperienced player does not have sufficient skill at the game to win.

Which one of the following can be inferred from the above argument?

(A) There is always an element of chance when playing poker.
(B) The probability of winning a game of poker increases with
experience.
(C) Casinos make extremely large profits.
(D) Inexperienced players lose more money than they expect to
when playing poker at casinos.
(E) All games played at casinos involve an element of risk.

Source: Piyusht

Kudos [?]: 8 [0], given: 20

Intern
Joined: 16 Apr 2011
Posts: 2

Kudos [?]: [0], given: 1

Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

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03 Nov 2012, 02:25

D talks about player's expectations. B correctly infers the intended meaning of the argument.

Kudos [?]: [0], given: 1

Director
Status: Done with formalities.. and back..
Joined: 15 Sep 2012
Posts: 636

Kudos [?]: 653 [1], given: 23

Location: India
Concentration: Strategy, General Management
Schools: Olin - Wash U - Class of 2015
WE: Information Technology (Computer Software)
Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

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03 Nov 2012, 03:21
1
KUDOS
divineacclivity wrote:
The owners of gambling casinos are keen to attract inexperienced poker players because, on average, these people lose money to the casino, which increases the casino’s profits. This is because the average inexperienced player does not have sufficient skill at the game to win.
Which one of the following can be inferred from the above argument?

(A) There is always an element of chance when playing poker.
(B) The probability of winning a game of poker increases with
experience.
(C) Casinos make extremely large profits.
(D) Inexperienced players lose more money than they expect to
when playing poker at casinos.
(E) All games played at casinos involve an element of risk.

Source: Piyusht

Casino owners prefer inexperienced players because "an average inexperienced player does not have sufficient skill at the game to win". or it means "that low experience = low skill = low chances of winning" . The only inference that could be made from this is that, with more experience chances of winning would be more (reverse causality).
Ans B explains the same thing.

point D has "expect to" which doesnt help this option. a simple statement "Inexperienced players lose more money than do experienced players, when playing poker at casinos." should have been a correct choice.

Hence Ans B it is.
_________________

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Kudos [?]: 653 [1], given: 23

Manager
Joined: 02 Jan 2011
Posts: 193

Kudos [?]: 62 [0], given: 22

Re: CR: Gambling casinos to attract inexperienced poker players [#permalink]

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07 Nov 2012, 23:44
Given : Casinos attract inexperienced poker players bcoz on average these ppl lose money to the casino.
This is because of the inexperience player does not have sufficient skill at game to win.
ie Low experience lead to low skill which ultimately leads to losing money.

(A) There is always an element of chance when playing poker. - Too generalized a statement - Incorrect
(B) The probability of winning a game of poker increases with experience. - Since skill develops with more experience so does the chances of winning - Correct
(C) Casinos make extremely large profits. - Casinos making profits by attracting the inexperienced poker players is given in the premise. No info on other kinds of profits that casinos make - Out of scope - Incorrect
(D) Inexperienced players lose more money than they expect to when playing poker at casinos. - If the above statement is true, then there is a less chance of winning money in casinos by inexperienced ppl. Losing money to casino has nothing to do with the expectations of the inexperienced players - Incorrect
(E) All games played at casinos involve an element of risk. - Again a too generalized a statement to make - Incorrect

Hope this helps.

Kudos [?]: 62 [0], given: 22

GMAT Club Legend
Joined: 01 Oct 2013
Posts: 10130

Kudos [?]: 261 [0], given: 0

Re: The owners of gambling casinos are keen to attract [#permalink]

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01 Aug 2017, 10:45
Hello from the GMAT Club VerbalBot!

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Kudos [?]: 261 [0], given: 0

Senior Manager
Joined: 04 Sep 2015
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WE: Information Technology (Computer Software)
The owners of gambling casinos are keen to attract [#permalink]

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08 Aug 2017, 09:55
The owners of gambling casinos are keen to attract inexperienced poker players because, on average, these people lose money to the casino, which increases the casino’s profits. This is because the average inexperienced player does not have sufficient skill at the game to win.

Which one of the following can be inferred from the above argument?

(A) There is always an element of chance when playing poker.
the element of chance is not provided in the premise
(B) The probability of winning a game of poker increases with experience.
Correct inference because the
(C) Casinos make extremely large profits.
not discussed
(D) Inexperienced players lose more money than they expect to when playing poker at casinos.
the expectation of the player does not matter ehr in the given argument.
(E) All games played at casinos involve an element of isk.
true but it is not discussed in the argument.

Kudos [?]: 76 [0], given: 18

The owners of gambling casinos are keen to attract   [#permalink] 08 Aug 2017, 09:55
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