The philosophical advantages of a consenting gambler
It is Saturday afternoon. Like most weekends of the year, I am getting ready for my trip to Atlantic City.
I have been a good customer of the Tropicana Casino Hotel and Resort for over 20 years, where I get comps for my room, food, beverages and miscellaneous entertainment. Since I know that the odds are mostly identical in all casinos; I prefer to go to a place where I am recognized by everybody, from the parking attendant to the pit boss. It?s always nice to know that, if you choose to do so, your table will always be ready at your favorite restaurant, or you won?t have to argue that late bet at the craps table.
Like most trips, I carry about $2,500 in cash, knowing that I will also be able to withdraw another $1,500 from the ATM?s. That?s right, the average trip cost me roughly $4,000.
What percentage of my trips I end up a winner?.
If I had to estimate a percentage of the trips in which I left as a winner, I would have to honestly say that it is between 5% and 7%. Of course, during my play, many times I am ahead, but I?m only counting the results at the end of my trips.
Why don?t you quit while you are ahead?
This question can only be made by people who are not gamblers and/or don?t understand a gamblers point of view. These people could never be in a position of ?quitting while ahead?, because in order to be ahead you have to gamble in the first place.
Sure, many times, I find myself, 30 minutes after my arrival, winning a few hundred bucks and occasionally $1,000 or $2,000. Is that the time to quit?. My answer would be:
Are you kidding? This is the highlight of the trip, this is the reason for me being here. This is a dream moment, in which I?m playing with the Casino?s money. Who knows how far I can get? Well? to be totally honest, I very well know by experience, that the odds are against me, and I will probably give back my winnings plus some of my money.
Why do you keep going to the Casino knowing that the odds are against you? Moreover,
Why do you keep going to the Casino knowing that you will be a loser?
Define the term loser?. Do you apply the term ?loser? because there is money involved?
Because if you take the word ?money? out of the equation, in my book, I?m always a big winner. Let me explain:
If you tell me right now: ?You just won a 7 day cruise trip to the Caribbean, with all expenses paid for 2 people?; my first question would be: ?Do they allow smoking in the ship??; and the second question: ?Do they have a Casino in the ship?.
Why would I ask those questions? Because if they did not allow me those two things, I would not sacrifice my preferences for money, for a free trip. That does not sound smart to me. But of course, that?s just me. I would not judge people doing otherwise.
Are beautiful beaches, big houses, mink coats, expensive cars, clothes and jewelery desirable to every one. The anwer is: ?of course not?.
I really believe that all true gamblers, deep inside, have no love for material things, and they use money as a necessary tool to do what pleases them. What a beautiful concept!
Remember, not everyone has obligations, such as mortgages, college tuition, country club?s fees or big concerns for a rainy day. Most of us will tell you: if it rains, I?ll get an umbrella, it only costs a few dollars. Storms don?t last forever. Again, positive thinking.
The most generous people I encountered in my life are gamblers. Maybe the concept ?I will leave this world the way I found it? helps. It eliminates insecurity and the selfish behavior produced by it. We all know people suffering from this illness.
The only thing that could make most gamblers regretful and envious, it?s the idea that a wealthy person will have a bigger funeral and a larger tombstone.
I am not, by any means, encouraging anybody to go or be broke; unless the way getting there makes you happy.
And the funny thing is, that while most people recognize and know these facts, publicly, they would declare to have politicians, businessmen and lawyers as their friends, but never gamblers; or perhaps only as a distant acquaintance.
Go figure!
It is Saturday afternoon. Like most weekends of the year, I am getting ready for my trip to Atlantic City.
I have been a good customer of the Tropicana Casino Hotel and Resort for over 20 years, where I get comps for my room, food, beverages and miscellaneous entertainment. Since I know that the odds are mostly identical in all casinos; I prefer to go to a place where I am recognized by everybody, from the parking attendant to the pit boss. It?s always nice to know that, if you choose to do so, your table will always be ready at your favorite restaurant, or you won?t have to argue that late bet at the craps table.
Like most trips, I carry about $2,500 in cash, knowing that I will also be able to withdraw another $1,500 from the ATM?s. That?s right, the average trip cost me roughly $4,000.
What percentage of my trips I end up a winner?.
If I had to estimate a percentage of the trips in which I left as a winner, I would have to honestly say that it is between 5% and 7%. Of course, during my play, many times I am ahead, but I?m only counting the results at the end of my trips.
Why don?t you quit while you are ahead?
This question can only be made by people who are not gamblers and/or don?t understand a gamblers point of view. These people could never be in a position of ?quitting while ahead?, because in order to be ahead you have to gamble in the first place.
Sure, many times, I find myself, 30 minutes after my arrival, winning a few hundred bucks and occasionally $1,000 or $2,000. Is that the time to quit?. My answer would be:
Are you kidding? This is the highlight of the trip, this is the reason for me being here. This is a dream moment, in which I?m playing with the Casino?s money. Who knows how far I can get? Well? to be totally honest, I very well know by experience, that the odds are against me, and I will probably give back my winnings plus some of my money.
Why do you keep going to the Casino knowing that the odds are against you? Moreover,
Why do you keep going to the Casino knowing that you will be a loser?
Define the term loser?. Do you apply the term ?loser? because there is money involved?
Because if you take the word ?money? out of the equation, in my book, I?m always a big winner. Let me explain:
If you tell me right now: ?You just won a 7 day cruise trip to the Caribbean, with all expenses paid for 2 people?; my first question would be: ?Do they allow smoking in the ship??; and the second question: ?Do they have a Casino in the ship?.
Why would I ask those questions? Because if they did not allow me those two things, I would not sacrifice my preferences for money, for a free trip. That does not sound smart to me. But of course, that?s just me. I would not judge people doing otherwise.
Are beautiful beaches, big houses, mink coats, expensive cars, clothes and jewelery desirable to every one. The anwer is: ?of course not?.
I really believe that all true gamblers, deep inside, have no love for material things, and they use money as a necessary tool to do what pleases them. What a beautiful concept!
Remember, not everyone has obligations, such as mortgages, college tuition, country club?s fees or big concerns for a rainy day. Most of us will tell you: if it rains, I?ll get an umbrella, it only costs a few dollars. Storms don?t last forever. Again, positive thinking.
The most generous people I encountered in my life are gamblers. Maybe the concept ?I will leave this world the way I found it? helps. It eliminates insecurity and the selfish behavior produced by it. We all know people suffering from this illness.
The only thing that could make most gamblers regretful and envious, it?s the idea that a wealthy person will have a bigger funeral and a larger tombstone.
I am not, by any means, encouraging anybody to go or be broke; unless the way getting there makes you happy.
And the funny thing is, that while most people recognize and know these facts, publicly, they would declare to have politicians, businessmen and lawyers as their friends, but never gamblers; or perhaps only as a distant acquaintance.
Go figure!