An EX-football player gets a 170k credit from a casino
This is an ex-player
I can understand a casino giving a football player 170k credit
but an ex?
The gravy train is over for ex-players
Might as well kiss that 170k goodbye
Dumb casino and dumber ex-player
Over the years I've given some thought to this sort of thing, giving a degenerate gambler credit. Why does this happen? Portis is hardly alone.
Here is one scenario that comes to mind:
You offer a game in which you have a large edge to someone you find can't stop himself from playing and playing, and is pretty much assured to give it all back.
The 'credit' is only good for making bets with you at this game.
At the beginning you know he has a lot of money.
At another point, you know you have all of his money.
So, what does it hurt to be sure? You let him continue to play with this special kind of credit. What is the risk? He always gives it all back. Maybe he lives off some small part of it when he gets lucky, but remember, you took *all* his money already. 99% of it, you are going to just get it back. For one thing, when he does win, you'll be demanding he pay off his debt.
Perhaps he has some sort of income. You will get that too. Perhaps he will beg, lie, cheat, and steal to get more money to gamble with. You will get that too. You wind up owning this guy, you have total power over him.
I first started thinking about this when someone I knew [just a little] was allegedly and apparently killed for owing the mob money. Or maybe he was talking to the police about their illegal game; he was stealing from the gas station he managed, allegedly. I don't know anything for a fact other than clearly he was murdered mob style.
In any case I decided there was a certain logic to what would seem to make no sense at all.
Last edited by: odiousgambit on Feb 6, 2016
"No, I will weep no more. In such a night
To shut me out! ...
O, that way madness lies; let me shun that;
No more of that" - King Lear deciding he has to accept bad Variance