MrV
MrV
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February 9th, 2013 at 8:57:21 AM permalink
That is the dream of most gamblers in America.

Whether they play slots or lotteries, most people who gamble are looking for the Big Score.

The notion that "Wow, I could be rich" is very compelling, and addictive.

Whereas a realistic table games player says "Wow, I might make a fair profit today, if I am lucky."

But how many table games players are realistic?

Moral of the story: We all follow our dreams ...
"What, me worry?"
sodawater
sodawater
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February 9th, 2013 at 9:01:36 AM permalink
is this a poem?
s2dbaker
s2dbaker
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February 9th, 2013 at 9:26:05 AM permalink
If effortless wealth is the goal then you would have a much better chance with a few darts and a page of the Wall Street Journal's stock listings taped to the wall. My IRA has realized 13.72% gains and unrealized is another 13.43% since January 1, 2013. All of that in 27 trading days. I know that I can't possibly sustain that pace but lordy, that's a whole lot of money! I have to thank Scientific Gaming for taking over WMS at a ridiculous premium for a lot of that.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
treetopbuddy
treetopbuddy
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February 9th, 2013 at 10:03:42 AM permalink
Quote: s2dbaker

If effortless wealth is the goal then you would have a much better chance with a few darts and a page of the Wall Street Journal's stock listings taped to the wall. My IRA has realized 13.72% gains and unrealized is another 13.43% since January 1, 2013. All of that in 27 trading days. I know that I can't possibly sustain that pace but lordy, that's a whole lot of money! I have to thank Scientific Gaming for taking over WMS at a ridiculous premium for a lot of that.

Congratulations.....as you know it's not yours until you close out account. I'm 3x's short market.....taking a lot of pain....fighting the tape while waiting for Black Swan event.
Each day is better than the next
steeldco
steeldco
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February 9th, 2013 at 10:06:23 AM permalink
Quote: treetopbuddy

Congratulations.....as you know it's not yours until you close out account. I'm 3x's short market.....taking a lot of pain....fighting the tape while waiting for Black Swan event.



I believe that you'll finally be right in April.....until then there will probably be more pain....
DO NOT blindly accept what has been spoken. DO NOT blindly accept what has been written. Think. Assess. Lead. DO NOT blindly follow.
treetopbuddy
treetopbuddy
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February 9th, 2013 at 10:09:49 AM permalink
Quote: steeldco

I believe that you'll finally be right in April.....until then there will probably be more pain....

the market requires that one takes a lot of pain before being rewarded....or you can always close position and sleep well
Each day is better than the next
steeldco
steeldco
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February 9th, 2013 at 10:38:59 AM permalink
Quote: treetopbuddy

the market requires that one takes a lot of pain before being rewarded....or you can always close position and sleep well


I have very rarely gone to near all cash in the past and have always slept well. The times that I have gone short on anything have not been very frequent. However, come this April-May I'm going to consider going to all cash.
DO NOT blindly accept what has been spoken. DO NOT blindly accept what has been written. Think. Assess. Lead. DO NOT blindly follow.
treetopbuddy
treetopbuddy
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February 9th, 2013 at 10:53:44 AM permalink
Quote: steeldco

I have very rarely gone to near all cash in the past and have always slept well. The times that I have gone short on anything have not been very frequent. However, come this April-May I'm going to consider going to all cash.

I'll just keep rolling up and out until it works or I run out of money.
Each day is better than the next
Headlock
Headlock
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February 9th, 2013 at 11:19:10 AM permalink
Quote: MrV

That is the dream of most gamblers in America.

Whether they play slots or lotteries, most people who gamble are looking for the Big Score.

The notion that "Wow, I could be rich" is very compelling, and addictive.

Whereas a realistic table games player says "Wow, I might make a fair profit today, if I am lucky."

But how many table games players are realistic?

Moral of the story: We all follow our dreams ...



At first I was thrilled with a $100 win, but after a while it took $1,000 to get me excited, now it takes about $5,000. But even if I win that much, I don't spend it, it just goes back to the casino eventually.
MrV
MrV
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February 9th, 2013 at 1:05:49 PM permalink
The more we play, the more we want to play.

Endeavors with such a dynamic rarely end well.

GREED
"What, me worry?"
treetopbuddy
treetopbuddy
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February 9th, 2013 at 1:19:40 PM permalink
Quote: MrV

The more we play, the more we want to play.

Endeavors with such a dynamic rarely end well.

GREED

It seems to me that casino gambling is a wealthless effort
Each day is better than the next
sodawater
sodawater
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February 9th, 2013 at 4:42:20 PM permalink
Quote: Headlock

At first I was thrilled with a $100 win, but after a while it took $1,000 to get me excited, now it takes about $5,000. But even if I win that much, I don't spend it, it just goes back to the casino eventually.



I saw two young women playing sic-bo last Saturday and betting $2 on the small box. When they won, they started shouting and hugging and getting really excited.

I could not imagine being so happy from winning a $200 bet, much less a $2 one.

It must be nice.
MrV
MrV
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February 9th, 2013 at 4:56:11 PM permalink
I remember how when I first idly started playing $5 slots, I hit the big jackpot.

Wow, what a feeling!

That set the hook.

More!

More!
"What, me worry?"
EvenBob
EvenBob
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February 9th, 2013 at 5:13:38 PM permalink
Are you

posting

Haiku's now?
"It's not called gambling if the math is on your side."
onenickelmiracle
onenickelmiracle
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February 9th, 2013 at 5:14:51 PM permalink
What is supposed to happen in April?
I am a robot.
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