Sunday, June 17, 2007

When to quit


Thats a gambler's problem: when to quit.

Just watched a BBC commentary on gambling. Interviewed a couple of people and why they gamble. A doctor lost over USD4 mil over 7 yrs and she is still there at the slot machines as one of their most valued customers. Another salesman was up USD15k in his first night boasting its all about discipline but lost that and another over 20k and then admitted he lost his (discipline). His mate who seemed to be enjoying himself said everyone will be alright if they stick to his limit. You win 4/5k this time but may win the same amount the next; although logic will tell you everyone will lose over their lifetime (quoting "just look at the tall buildings". Another high roller came in and said life is all about taking risks. We dont have to lose, stop that self defeating attitude!

Gambling makes perfect sense, when you are winning. Where else can you make 15 hundred dollars in an hour? The casinoes play a seduction game that most people cannot resist.

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