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In defense of gambling your money away in Vegas...

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ddeclue Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 05:47 PM
Original message
In defense of gambling your money away in Vegas...
At least in Vegas:

1) You know the rules.
2) Everybody plays by the same rules.
3) The rules are enforced.
4) Cheaters are punished.
5) The house only screws you over for a few percentage points on average.
6) The bets are placed on things ordinary people can actually understand and quantify.
7) You don't have to pay them a non-activity fee if you decide NOT to bet.

If ONLY we could say that much about Wall Street.

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Gidney N Cloyd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 05:49 PM
Response to Original message
1. And in Vegas they'll buy you a drink before you get screwed.
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niyad Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 05:50 PM
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2. and, at least occasionally, some people win.
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 08:13 PM
Response to Original message
3. I always win enough in Vegas to pay for my hotel and meals.
Not the airline flight.

Always. For over 20 years.
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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-04-10 08:32 PM
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4. positive expectation (equities) vs negative expectation (Vegas)
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