Is Gambling for Idiots?

[LW]

Exactly, there’s no need to continue flipping once the first tails comes up. Can I still have your dollar LW?

If you bet on the result of 1000 throws, you will throw the 1000 throws if you want to get my money.

Still deal?

Or is it so that the utility of winning a dollar is not enough for you to waste the necessary time?

 

[Jgordon]

Gambling: Don't play, Don't lose

There is really only one rule when it comes to gambling that matters, "You can't lose if you don't play." Playing in casino games are much different from the games that you play with your friends at a house or in a country club. Poker and blackjack are both have the ability to be profitable in the long run, but you have to know how to play. It isnt just luck. Although sometimes it helps to have good karma. Playing any other game where you leave your faite to dice and machines is not gambling, it is giving your money to them.

 

[LawnOven]

I think gambling is only stupid if you are going to a gambling establishment expecting to win money instead of loose money. If you view playing casino games as a form of entertainment, like going to see a movie or going to the arcade, baseball game, then it can be a perfectly acceptable way for one to spend one's money.

 

[pchams]

Is gambling for idiots?

Sure. But why single out the idiots.
Gambling is also a pastime, a ruse, a vice.
It's much like cigarettes, or alcohol. Fine in small doses, but infinitely additive.

 

[CardZeus]

I played alot of blackjack. Once I won 19 hands in a row and I started doubling up on the 4th hand. I ended up walking away with about $3500 but then again I have once lost 26 hands in a row and ended up losing about $3000. The game has too many ups and downs so I decided to give it up. I ended up giving it up while I was WAY down and I am still paying back all the loan sharks and banks and creditcards years later but I am just about out of debt! 9 more months baby!

WOW! You must have been playing really SMALL stakes - in my estimation if you were only staking $1 per hand and started doubling up on the 4th hand, you would have won $32,768