Betting Gambling Quotes

Life is a gamble, at terrible odds. If it were a bet you wouldn’t take it.

Drugs are a bet with your mind.” “It’s like gambling, somehow. You go out for a night of drinking and you don’t know where you’re going to end up the next day. It could work out good, or it could be disastrous. It’s like the throw of the dice.

Where were all the women gamblers? It wasn't as if being a woman wasn't a huge risk all by itself. Twenty-eight percent of female homocide victims were killed by husbands or lovers. Which, come to think of it, was probably why there weren't any women gamblers. Living with men was enough of a gamble.

He dipped his head, placing his mouth to the space below her ear. He nipped her there, just a tiny bite that sent a wave of heat through her veins. And then his lips moved lower, leaving a hot trail behind. “You drive me insane, absolutely freaking insane. Do you know that? I bet you do.

Time to cash in your chips put your ideas and beliefs on the table. See who has the bigger hand you or the Mystery that pervades you. Time to scrape the mind's shit off your shoes undo the laces that hold your prison together and dangle your toes into emptiness. Once you've put everything on the table once all of your currency is gone and your pockets are full of air all you've got left to gamble with is yourself. Go ahead, climb up onto the velvet top of the highest stakes table. Place yourself as the bet. Look God in the eyes and finally for once in your life lose.

I don't like to gamble, but if there's one thing I'm willing to bet on, it's myself.

To hope is to gamble. It's to bet on your futures, on your desires, on the possibility that an open heart and uncertainty is better than gloom and safety. To hope is dangerous, and yet it is the opposite of fear, for to live is to risk.

You know, there's a 12 step program for gambling. You should look into that. Twelve steps. Coyote laughed. I'll bet I can do it in six.

And if there is anybody out there who is crazy enough to want to become a writer, I'd say go ahead, spit in the eye of the sun, hit those keys, it's the best madness going, the centuries need help, the species cry for light and gamble and laughter. Give it to them. There are enough words for all of us.

Think of horse races. People like to bet on the one with three legs and a wheeze.They don't bet on that one because they think it will win, but because they can see how very glorious it would be if it were to win

Once you make up your mind to get rid of something, there’s very little you can’t discard. No – not very little. Once you put your mind to it, there’s nothing you can’t get rid of. And once you start tossing things out, you find yourself wanting to get rid of everything. It’s as if you’d gambled away almost all your money and decided, What the hell, I’ll bet what’s left. Too much trouble to cling to the rest

I believe in love, but I’m a realist. You could love someone with your entire being, but it doesn’t guarantee they’ll love you in return. It’s a gamble, and I don’t like to make bets I might lose.

When a company bets on future sales to pay off existing debts, it's in a risky situation. That's a gamble that often results in bankruptcy.

We all have to gamble with our lives in here, we don't get a choice about that; the trick is figuring out when it's worth taking a bet.

If I lost all, at least I would have played for it. It had always been my philosophy that one must play, or be a loser two-fold.

But it's never wise to bet against any of the four horsemen long term. Their historical track record is horrifyingly good.

The line between gambling and investing is artificial and thin. The soundest investment has the defining trait of a bet (you losing all of your money in hopes of making a bit more), and the wildest speculation has the salient characteristic of an investment (you might get your money back with interest). Maybe the best definition of “investing” is “gambling with the odds in your favor.

I believe in love, but I'm a realist. You could love someone with your entire being, but it doesn't guarantee they'll love you in return It's a gamble, and I don't like to make bets I might lose.

Most of us are busy gambling on the most dangerous risk of all—living our whole life not doing what we want on the bet that we can buy the freedom to do it later.

To hope is to gamble. It’s to bet on the future, on your desires, on the possibility that an open heart and uncertainty is better than doom and safety. To hope is dangerous, and yet it is the opposite of fear, for to live is to risk.

Keep Wylan out of trouble."He told Jesper .... "I worry about everything, merchling. That's why I'm still alive. And you can keep an eye on Jesper too. ... "This is for bullets, not bets. Wylan, make sure his feet don't mysteriously find their way into a gambling den on his way to buy ammunition, understood?" "I don't need a nursemaid>" Jesper snapped "more like a chaperone, but if you want him to wash your nappies and tuck you in at night, that's your business.

I've done my part, played my hand, even thrown in my cards when I had to. I've bet what I didn't have and bluffed until I had it. Link once said: Ridley Duchannes is always playing a game. I never told him, but he was right.

There is one type of gambling which should always be encouraged. It is betting on goodness. When a person has wronged you, be good to him. If he adds insult to injury, double the bet. And keep on doubling it. You will surely win!

Never place your bet on a sick horse.

It's one thing for my parents to behave all secular humanist and gamble with their own eternal souls; however it's altogether not all right that they also gambled with mine: They placed their bets with such self-rightous bravado, but I'm the one who lost.

My laugh puts a small smile on Ryan’s lips. “What’s so funny?”  “All this time I thought you didn’t believe in love.”  “I believe in love, but I’m a realist. You could love someone with your entire being, but it doesn’t guarantee they’ll love you in return. It’s a gamble, and I don’t like to make bets I might lose.

Won’t you look at me, Camilla Hect?” Camilla murmured something that Nona could not hear. The body said, “I died, and you carried me. I gambled, and you covered my bet. You kept the faith, and were the instrument of both my vengeance and my grace. And now I have fought through time, and the River, and Ianthe the First—fought and bested Ianthe the First, and I hope I never fight her ever again…Will you not look at me now, Cam, and know me?” Camilla raised her chin. She looked at the dead face. She said quietly—“Yes Warden. I will always know you.” Their foreheads touched. Camilla reached out with her slippery hand, and Palamedes clasped it with Ianthe Naberius’s cold, gloveless one. Because both of their hands were very messy, it made an embarrassing squelch, but neither of them appeared to notice or care. Nona had to look away. She heard Palamedes say, in the voice of Ianthe Naberius—“Pyrrha, I can barely do anything. I’m only the hand in a sock puppet. I don’t think I could unpick a single ward, and I can’t do a damn thing for Cam’s bleeding—thank God nothing’s protruding.” Cam said, without opening her eyes, “Don’t worry about me, Warden. I’ll walk it off.” “Yes, thank you for your input,” said Palamedes pleasantly. “I’ve taken it under advisement and will add it to the next agenda.” Camilla smiled that wonderful hot-metal smile that Nona loved as long as she had been alive. “Jackass.

If you’re going to make the gamble of a lifetime, at least make sure the future you want is on the betting table.

A gamble. Everything was a damn gamble. Betting against luck and the Fates, again and again, and again. She kept walking, waiting for the bullet.

When you gamble with your time, you may be placing a bet you can’t cover.

I smoked one too many cigarettes- I heard one too many lies- Gambled on too many bets- And lost it all to this life.

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Nature doesn’t have puts on one side and calls on the other side of the same things, nor does it waste energy betting against the same life it works to cultivate. Nature doesn’t insure high risk gambles by trying to be both the casino and the player. Instead, nature insures capital and profits through a variety of complimentary approaches. At Mayflower-Plymouth we aim to emulate nature in this way with how we approach investing and asset management.

Imagine you are passing by a roadside gambling stall. There is an operator surrounded by some audience members who are gambling their money and winning. You get interested and place your bet. You lose your money. Later you realize that the operator and the audience were all part of the same gang. Give it a thought: Maybe the things you like and things you dislike are part of the same conspiracy? They are just putting on a show to keep you engaged. You are the only real audience of this show.

Quent pulled back and smiled. “You’re going to have to bet that this thing you feel, this thing you know I feel, that it goes beyond us. You’re going to have to bet that love’s a deep hand, Jason. That there’s more to life than numbers and research, more than just the cards you see. You’re going to have to bet that when the players are off the table, the game’s still there. Can you do that?

The last great escape. I was done gambling, done betting on a ship that would never come in. I would cash in my chips while I was ahead. I didn't want to suffer the growing old, didn't want to wait until my memory went. It was all so tiresome. I would just go out in a blaze of glory before the parasites of sadness got at me and made me bitter. After that's the American way: take your own life before everything else takes it from you.

The line between gambling and investing is artificial and thin. The soundest investment has the defining trait of a bet (you losing all of your money in hopes of making a bit more), and the wildest speculation has the salient characteristic of an investment (you might get your money back with interest).

Already the people murmur that I am your enemy because they say that in verse I give the world your me. They lie, Julia de Burgos. They lie, Julia de Burgos. Who rises in my verses is not your voice. It is my voice because you are the dressing and the essence is me; and the most profound abyss is spread between us. You are the cold doll of social lies, and me, the virile starburst of the human truth. You, honey of courtesan hypocrisies; not me; in all my poems I undress my heart. You are like your world, selfish; not me who gambles everything betting on what I am. You are only the ponderous lady very lady; not me; I am life, strength, woman. You belong to your husband, your master; not me; I belong to nobody, or all, because to all, to all I give myself in my clean feeling and in my thought. You curl your hair and paint yourself; not me; the wind curls my hair, the sun paints me. You are a housewife, resigned, submissive, tied to the prejudices of men; not me; unbridled, I am a runaway Rocinante snorting horizons of God's justice. You in yourself have no say; everyone governs you; your husband, your parents, your family, the priest, the dressmaker, the theatre, the dance hall, the auto, the fine furnishings, the feast, champagne, heaven and hell, and the social, "what will they say." Not in me, in me only my heart governs, only my thought; who governs in me is me. You, flower of aristocracy; and me, flower of the people. You in you have everything and you owe it to everyone, while me, my nothing I owe to nobody. You nailed to the static ancestral dividend, and me, a one in the numerical social divider, we are the duel to death who fatally approaches. When the multitudes run rioting leaving behind ashes of burned injustices, and with the torch of the seven virtues, the multitudes run after the seven sins, against you and against everything unjust and inhuman, I will be in their midst with the torch in my hand.

Maybe it was the type of high only kids can get and understand. There were hundreds of adults drinking alcohol and gambling and smoking that night, but I bet none of them felt the high Asher and I did. Maybe that’s why adults drink, gamble, and do drugs—because they can’t get naturally lit anymore. Maybe we lose that ability as we get older.

It's not luck - there's probably no such thing as luck, and if there is you can't depend on it. All you can do is play the percentages, play your best game, and when the critical bet comes - in every money game there is always a critical bet - you hold your stomach tight and you push hard. That's the clutch. And that's where your born loser loses

Always bet on your enemy to win. That way, you can't lose.

Ben looked at his compatriots, just a quick glance to and fro, but it was enough for Nox to see that they'd made their bets. They were putting it all on red.

When you gamble with your time, you may be placing a bet you can’t cover. Even if you’re sure you can win, be careful that you can live with what you lose.

I don't see how the baby is the result of gambling," said Georgie. "Unless he bet he wouldn't have one.

You're willing to gamble your life on it?" "I will bet my life on you as I have from the first day.

Once I stopped gambling weekly, I also realized that I’m not that huge of a Giants fan.

It’s as if you’d gambled away almost all your money and decided, What the hell, I’ll bet what’s left

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Amarillo Slim, a gambling legend and 1972 World Series of Poker champion, said, “You can shear a sheep a hundred times, but you can skin it only once.

It doesn't matter how high your chances of winning are, betting or gambling - whatever you call it - is a game for the weak. If you want something, you make sure nothing gets in the way.

Now, it has been independently shown that people hate to lose something more than they enjoy gaining it. For example, they don't mind paying for something with a credit card even when told there is a discount for cash, but they hate paying the same amount if they are told there is a surcharge for using credit. As a result, people will often refuse to gamble for an expected profit (they turn down bets such as "Heads, you win $120; tails, you pay $100), but they will gamble to avoid an expected loss (such as "Heads, you no longer owe $120; tails, you now owe an additional $100"). (This kind of behavior drives economists crazy, but is avidly studied by investment firms hoping to turn it to their advantage.) The combination of people's loss aversion with the effects of framing explains the paradoxical result: the "gain" metaphor made the doctors risk-averse; the "loss" metaphor made them gamblers.

But Geology carries the day: it is like the pleasure of gambling, speculating, on first arriving, what the rocks may be; I often mentally cry out 3 to 1 Tertiary against primitive; but the latter have hitherto won all the bets.

It comes to him that maybe love is always this way, a long-shot gamble: a bet against the odds that some intangible connection--even one so strange as this--will outweigh all the details and triviality of the world that drive people apart.

Compulsive gamblers do not fail to moderate their bets out of lack of will power, as we often say, but because the whole point of this kind of gambling is to maximize risk, pure risk, and so to achieve an amazing intensity of experience, for its own sake.

Cause-and-effect assumes history marches forward, but history is not an army. It is a crab scuttling sideways, a drip of soft water wearing away stone, an earthquake breaking centuries of tension. Sometimes one person inspires a movement, or her words do decades later; sometimes a few passionate people change the world; sometimes they start a mass movement and millions do; sometimes those millions are stirred by the same outrage or the same ideal, and change comes upon us like a change of weather. All that these transformations have in common is that they begin in the imagination, in hope. To hope is to gamble. It’s to bet on the future, on your desires, on the possibility that an open heart and uncertainty is better than gloom and safety. To hope is dangerous, and yet it is the opposite of fear, for to live is to risk.

Won’t you look at me, Camilla Hect?” Camilla murmured something that Nona could not hear. The body said, “I died, and you carried me. I gambled, and you covered my bet. You kept the faith, and were the instrument of both my vengeance and my grace. And now I have fought through time, and the River, and Ianthe the First–fought and bested Ianthe the First, and I hope I never fight her ever again… Will you not look at me now, Cam, and know me?” Camilla raised her chin. She looked at the dead face. She said quietly– “Yes, Warden, I will always know you.

Where were all the women gamblers? It wasn’t as if being a woman wasn’t a huge risk all by itself. Twenty-eight percent of female homicide victims were killed by husbands or lovers. Which, come to think of it, was probably why there weren’t any women gamblers. Living with men was enough of a gamble.

Pascal had formulated a famous wager in favor of the existence of God: If you bet there is no God and you are wrong, a wrathful deity is likely to condemn your eternal soul to hellfire; but if you gamble that there is a God and there is not, your consciousness will cease to exist upon your death and you will never know that you were wrong.

I like innovation. I like ideas. I like people and I like being part of winning teams. I don't gamble, I don't watch sports, I don't do any of those things. What I like to do is bet on people in the innovation business, so as soon as I had the capacity, that’s what I started doing as an individual—writing some small checks, and then some bigger checks.

Thanks and praises Thanks to Jesus I bet on the Bottle of Smoke I went through hell And to the races To bet on the Bottle of Smoke The day being clear The sky being bright He came up on the left Like a streak of light Like a drunken fuck On a Saturday night Up came the Bottle of Smoke Twenty fucking five to one Me gambling days are done I bet on a horse called the Bottle of Smoke And my horse won

The money that has recently been won is called “house money” because in gambling parlance the casino is referred to as the house. Betting some of the money that you have just won is referred to as “gambling with the house’s money,” as if it were, somehow, different from some other kind of money. Experimental evidence reveals that people are more willing to gamble with money that they consider house money.

Lando Calrissian loved heroes. They thought the galaxy owed them something. Like they mattered, somehow, in some bizarre way that meant the fundamental rules of reality were tilted in their favor. Heroes believed, honestly believed that things would just… work out for them. Heroes were Lando’s favorite opponents at the gambling table. The worse the odds got, the bigger they bet. Because heroes were suckers.

So I’m now asking you. I’m asking you, Rick, if you feel like you’ve come out the winner. Josie took the gamble. Okay, I shook the dice for her, but it was always going to be her, not me, who won or lost. She bet high, and if Dr Ryan’s right, she might soon be about to lose. But you, Rick, you played it safe. So that’s why I’m asking you. How does this feel to you just now? Do you really feel like a winner?

So I’m now asking you. I’m asking you, Rick, if you feel like you’ve come out the winner. Josie took the gamble. Okay, I shook the dice for her, but it was always going to be her, not me, who won or lost. She bet high, and if Dr Ryan’s right, she might soon be about to lose. But you, Rick, you played it safe. So that’s why I’m asking you. How does this feel to you just now? Do you really feel like a winner?

Over the last decade “shareholder” has been replaced by “stakeholder.” I will remind my readers that a stakeholder is an onlooker to a gambling event. The contenders in the wager trust the stakeholder to hold their respective bets (the stakes) and at the contest’s conclusion to award them to the winner. The stakeholder is one who, by definition, can have neither interest nor profit in the outcome. I believe no further comment is required.

You may well ask: when the bubble finally burst, why did we not let the bankers crash and burn? Why weren't they held accountable for their absurd debts? For two reasons. First because the payment system - the simple means of transferring money from one account to another and on which every transaction relies - is monopolised by the very same bankers who were making the bets. Imagine having gifted your arteries and veins to a gambler. The moment he loses big at the casino, he can blackmail you for anything you have simply by threatening to cut off your circulation. Second, because the financiers' gambles contained deep inside the title deeds to the houses of the majority. A full-scale financial market collapse could therefore lead to mass homelessness and a complete breakdown in the social contract. Don't be surprised that the high and mighty financiers of Wall Street would bother financialising the modest homes of poor people. Having borrowed as much as they could off banks and rich clients in order to place their crazy bets, they craved more since the more they bet, the more they made. So they created more debt from scratch to use as raw materials for more bets. How? By lending to impecunious blue collar worker who dreamed of the security of one day owning their own home. What if these little people could not actually afford their mortgage in the medium term? In contrast to bankers of old, the Jills and the Jacks who actually leant them the money did not care if the repayments were made because they never intended to collect. Instead, having granted the mortgage, they put it into their computerised grinder, chopped it up literally into tiny pieces of debt and repackaged them into one of their labyrinthine derivatives which they would then sell at a profit. By the time the poor homeowner had defaulted and their home was repossessed, the financier who granted the loan in the first place had long since moved on.

This mindset, known as loss aversion, the sunk-cost fallacy, and throwing good money after bad, is patently irrational, but it is surprisingly pervasive in human decision-making.65 People stay in an abusive marriage because of the years they have already put into it, or sit through a bad movie because they have already paid for the ticket, or try to reverse a gambling loss by doubling their next bet, or pour money into a boondoggle because they’ve already poured so much money into it. Though psychologists don’t fully understand why people are suckers for sunk costs, a common explanation is that it signals a public commitment. The person is announcing: “When I make a decision, I’m not so weak, stupid, or indecisive that I can be easily talked out of it.” In a contest of resolve like an attrition game, loss aversion could serve as a costly and hence credible signal that the contestant is not about to concede, preempting his opponent’s strategy of outlasting him just one more round.

you bet yours on the gray!” Even in songs Ma did not approve of gambling, but her toe could not stop tapping while Pa played such tunes. Then every evening they all sang one round. Mr. Boast’s tenor would begin, “Three blind mice,” and go on while Mrs. Boast’s alto began, “Three blind mice,” then as she went on Pa’s bass would join in, “Three blind mice,” and then Laura’s soprano, and Ma’s contralto, and Mary and Carrie. When Mr. Boast reached the end of the song he began it again without stopping, and they all followed, each behind the other, going round and round with words and music. “Three blind mice! Three blind mice!              They all ran after the farmer’s wife               She cut off their tails with the carving knife, Did you ever hear such a tale in your life Of three blind mice?” They kept on singing until someone laughed and then the song ended ragged and breathless and laughing. And Pa would play some of the old songs, “to go to sleep on,” he said. “Nellie was a lady, last night she died, Oh, toll the bell for lovely Nell, My old—Vir-gin-ia bride.” And, “Oh, do you remember sweet Alice, Ben Bolt?              Sweet Alice with eyes so brown,

Richard Thaler tells of a discussion about decision making he had with the top managers of the 25 divisions of a large company. He asked them to consider a risky option in which, with equal probabilities, they could lose a large amount of the capital they controlled or earn double that amount. None of the executives was willing to take such a dangerous gamble. Thaler then turned to the CEO of the company, who was also present, and asked for his opinion. Without hesitation, the CEO answered, “I would like all of them to accept their risks.” In the context of that conversation, it was natural for the CEO to adopt a broad frame that encompassed all 25 bets. Like Sam facing 100 coin tosses, he could count on statistical aggregation to mitigate the overall risk.

Well, I'd like to know how it's possible to make your living gambling, because at the table, the odds are .493." "You're right," he said, "and I'll explain to you. I don't bet on the table, or things like that. I only bet when the odds are in my favor." "Huh? When are the odds ever in your favor?" I asked incredulously. "It's really quite easy," he said. "I'm standing around a table, when some guy says, 'It's comin' out nine! It's gotta be a nine!' The guy's excited; he things it's going to be a nine, and he wants to bet. Now I know the odds for all the numbers inside out, so I say to him, 'I'll bet you four to three it's not a nine', and I win in the long run. I don't bet on the table; instead, I bet with people around the table who have prejudices--superstitious ideas about lucky numbers.

I’m also frequently asked if I’ve used my abilities for gambling or the lottery. Get your minds out of the gutter. What I do is for the highest good of all concerned, so I’d never do that intentionally! And let’s face it, even if I did try, I’m way too scattered to recognize what I’m being told. My aunt and I went to Belmont Park Race Track for her birthday one year, and I remember hearing “six ten” when I walked in--which is my birthday, June 10. How nice, I thought. Spirit’s acknowledging my birthday too. My uncle asked me what colors I liked best so he could bet on a horse wearing that color, and all the colors I said were losing. It wasn’t until after we left that I realized all the horses that won were a combination of the numbers six and ten! And then there was the time I went to a spa with my sister-in-law Corrinda. We went to Mohegan Sun one night, which was the first time I’d ever been to a casino, and decided to play roulette. Wouldn’t you know, every number we played on the wheel was a loser?

When I was a babe I fell down in the holler. When I was a girl I fell into your arms. We fell on hard times and we lost our bright color. You went to the dogs and I lived by my charms. I danced for my dinner, spread kisses like honey. You stole and you gambled and I said you should. We sang for our suppers, we drank up our money. Then one day you left, saying I was no good. Well, all right, I’m bad, but then, you’re no prize either. All right, I’m bad, but then, that’s nothing new. You say you won’t love me, I won’t love you neither. Just let me remind you who I am to you. ’Cause I am the one who looks out when you’re leaping. I am the one who knows how you were brave. And I am the one who heard what you said sleeping. I’ll take that and more when I go to my grave. It’s sooner than later that I’m six feet under. It’s sooner than later that you’ll be alone. So who will you turn to tomorrow, I wonder? For when the bell rings, lover, you’re on your own. And I am the one who you let see you weeping. I know the soul that you struggle to save. Too bad I’m the bet that you lost in the reaping. Now what will you do when I go to my grave?

The public offering occurred exactly one week after Toy Story’s opening. Jobs had gambled that the movie would be successful, and the risky bet paid off, big-time. As with the Apple IPO, a celebration was planned at the San Francisco office of the lead underwriter at 7 a.m., when the shares were to go on sale. The plan had originally been for the first shares to be offered at about $14, to be sure they would sell. Jobs insisted on pricing them at $22, which would give the company more money if the offering was a success. It was, beyond even his wildest hopes. It exceeded Netscape as the biggest IPO of the year. In the first half hour, the stock shot up to $45, and trading had to be delayed because there were too many buy orders. It then went up even further, to $49, before settling back to close the day at $39. Earlier that year Jobs had been hoping to find a buyer for Pixar that would let him merely recoup the $50 million he had put in. By the end of the day the shares he had retained—80% of the company—were worth more than twenty times that, an astonishing $1.2 billion. That was about five times what he’d made when Apple went public in 1980.

TRUMP EVENTUALLY REALIZED THAT he needed executives with a strong background in running casinos. He scouted the competition and picked Stephen Hyde, a devout Mormon with a large family. The Church of Latter-day Saints opposed gambling, but the casino industry employed many Mormons in key positions, in part because executives believed the faithful wouldn’t be tempted to bet. Hyde was soft-spoken, unflappable, and widely considered one of the nation’s savviest gaming executives, having most recently worked for Trump’s competitor Steve Wynn. Trump, who once wrote, “I can be a screamer,” would occasionally humiliate Hyde by cursing him out in front of other executives. Yet Trump recognized Hyde’s capabilities and entrusted him with a business potentially worth billions of dollars. Hyde was, Trump wrote, “a very sharp guy and highly competitive, but most of all, he had a sense of how to manage to the bottom line.” Trump throughout his career would rely on small circles of advisers, and Hyde became one of Trump’s most trusted associates at the time. That meant some other senior executives felt shut out, unable to convey their concerns to Trump without going through the tight inner circle. Hyde was at the top of that chain of command. Hyde

WHY DIVERSIFY? During the bull market of the 1990s, one of the most common criticisms of diversification was that it lowers your potential for high returns. After all, if you could identify the next Microsoft, wouldn’t it make sense for you to put all your eggs into that one basket? Well, sure. As the humorist Will Rogers once said, “Don’t gamble. Take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.” However, as Rogers knew, 20/20 foresight is not a gift granted to most investors. No matter how confident we feel, there’s no way to find out whether a stock will go up until after we buy it. Therefore, the stock you think is “the next Microsoft” may well turn out to be the next MicroStrategy instead. (That former market star went from $3,130 per share in March 2000 to $15.10 at year-end 2002, an apocalyptic loss of 99.5%).1 Keeping your money spread across many stocks and industries is the only reliable insurance against the risk of being wrong. But diversification doesn’t just minimize your odds of being wrong. It also maximizes your chances of being right. Over long periods of time, a handful of stocks turn into “superstocks” that go up 10,000% or more. Money Magazine identified the 30 best-performing stocks over the 30 years ending in 2002—and, even with 20/20 hindsight, the list is startlingly unpredictable. Rather than lots of technology or health-care stocks, it includes Southwest Airlines, Worthington Steel, Dollar General discount stores, and snuff-tobacco maker UST Inc.2 If you think you would have been willing to bet big on any of those stocks back in 1972, you are kidding yourself. Think of it this way: In the huge market haystack, only a few needles ever go on to generate truly gigantic gains. The more of the haystack you own, the higher the odds go that you will end up finding at least one of those needles. By owning the entire haystack (ideally through an index fund that tracks the total U.S. stock market) you can be sure to find every needle, thus capturing the returns of all the superstocks. Especially if you are a defensive investor, why look for the needles when you can own the whole haystack?

Prohibition had led to a massive increase in organized crime, violence, and police corruption but had little effect on the availability of alcohol; ending it reduced crime, enhanced police professionalism, and incarcerated fewer people. Similarly, fruitless attempts to stamp out underground lotteries, sports betting, and gambling proved totally counterproductive, empowering organized crime and driving police corruption. Government control and regulation of gambling has raised revenue and undermined the power of organized crime. By creating state lotteries, regulating casinos, and only minimally enforcing sports betting, the state has limited police power without sacrificing public safety. There is no reason the same couldn’t be done for sex work and drugs today. The billions saved in policing and prisons could be much better used putting people to work and improving public health.

Requiring proof is an enemy of progress. This is why companies like Amazon use a principle of disagree and commit. As Jeff Bezos explained it in an annual shareholder letter, instead of demanding convincing results, experiments start with asking people to make bets. “Look, I know we disagree on this but will you gamble with me on it?” The goal in a learning culture is to welcome these kinds of experiments, to make rethinking so familiar that it becomes routine.

Nanny Piggins was very prudish about gambling because the Ringmaster had once bet that if he tampered with the trajectory of her cannon, he could blast her over the top of the Eiffel Tower. Of course Nanny Piggins had triumphantly sailed over the famous French landmark, but she was very cross to pass the Jules Verne restaurant at the top and not be able to stop for a slice of cake. She had been against gambling ever since.

decline, downsizing, near death, desperation, bet the company, and revival that characterizes so many corporate histories (such as Nokia, IBM, Procter & Gamble, and many others).

over the past five years have led me to conclude that three factors are central to building a truly great company. Firstly, the management team has to have an obsessive focus on the core franchise instead of being distracted by short-term gambles outside the core segment. Secondly, the company has to relentlessly deepen its competitive moats over the course of time (I’m talking about decades here). And thirdly, the people calling the shots at the company have to be sensible about capital allocation, i.e. refrain from large bets (especially those outside core franchise) and return excess cash to shareholders if the cash cannot be deployed to good effect by the company.

Tolerance is a key feature of addiction, but can occur without developing all the brain changes seen in full-blown addiction. Substance addicts attempt to overcome CREB’s effects by taking larger doses. Gambling addicts might place larger bets. Today’s internet porn users may find they need more videos, or VR porn, or cam-2-cam, or perhaps acting out a fetish to get the buzz their brain is desperately seeking. More often than not they try to overcome tolerance with new genres, usually more extreme, or even disturbing.

Beginner’s luck—it never happened again. I’ve lost it all since then, so I’ll stop while I still break even. No more gambling for me.” “Is that a bet? Would you put five bucks on it?” “Sure.” “Then pay over—you’ve already lost by accepting.

Based upon my detailed betting records and additional records provided by the sources, here is a snapshot of Phil’s gambling habit between 2010 and 2014: He bet $110,000 to win $100,000 a total of 1,115 times. On 858 occasions, he bet $220,000 to win $200,000. (The sum of those 1,973 gross wagers came to more than $311 million.) In 2011 alone, he made 3,154 bets—an average of nearly nine per day. On one day in 2011 (June 22), he made forty-three bets on major-league baseball games, resulting in $143,500 in losses. He made a staggering 7,065 wagers on football, basketball, and baseball. Phil didn’t let his playing in PGA tournaments get in the way of betting. Indeed, according to the 2010–2014 betting records, he made 1,734 wagers on games during twenty-nine events. This included seventy separate bets on baseball and preseason pro football during The Barclays tournament in August 2011 where he shot 8-under and tied for 43rd (he won $415,000 in bets that weekend).

Based upon my detailed betting records and additional records provided by the sources, here is a snapshot of Phil’s gambling habit between 2010 and 2014: He bet $110,000 to win $100,000 a total of 1,115 times. On 858 occasions, he bet $220,000 to win $200,000. (The sum of those 1,973 gross wagers came to more than $311 million.) In 2011 alone, he made 3,154 bets—an average of nearly nine per day. On one day in 2011 (June 22), he made forty-three bets on major-league baseball games, resulting in $143,500 in losses. He made a staggering 7,065 wagers on football, basketball, and baseball. Phil didn’t let his playing in PGA tournaments get in the way of betting. Indeed, according to the 2010–2014 betting records, he made 1,734 wagers on games during twenty-nine events. This included seventy separate bets on baseball and preseason pro football during The Barclays tournament in August 2011 where he shot 8-under and tied for 43rd (he won $415,000 in bets that weekend). On February 11, 2012, a busy college basketball Saturday, Phil blew himself up by running his betting losses to nearly $4 million, according to the gambling sources familiar with Phil’s other bets. Even so, he displayed an incredible ability to compartmentalize. He shot 64 the following day to win the AT&T Pro-Am at Pebble Beach while playing with, and demolishing, Tiger Woods, by eleven strokes.

Many people are so miserable that they do not want to enter the future at all. Their whole future projected life is worthless to them. In technical terms, their utility over all future time intervals, appropriately discounted, is less than zero. Also, their current utility (present circumstance) is zero or negative (otherwise they'd stick around a bit longer to pick up extra utility). • Suicide is one option for such people. But there are two other options, according to Becker & Posner (terminology is mine): • Take what you have and "bet" it on a chance at something that would make life worth living. If it fails, you can always kill yourself. (Gamble) • Since there is an element of uncertainty to the future, take what you have and use it to make the present livable so you can postpone suicide. Something to make life worth living might be just around the corner. If not, you can always kill yourself. (Palliate & Wait)

As Jeff Bezos explained it in an annual shareholder letter, instead of demanding convincing results, experiments start with asking people to make bets. “Look, I know we disagree on this but will you gamble with me on it?” The goal in a learning culture is to welcome these kinds of experiments, to make rethinking so familiar that it becomes routine.

In betting and gambling games if you stop acting and do nothing, the losses will stop. But when investing, trading, or speculating, if you’re losing and stop acting, the losses don’t stop; they can continue to grow almost indefinitely.

For the second time, the Ten-Count System had shown moderately heavy losses mixed with “lucky” streaks of the most dazzling brilliance. I learned later that this was a characteristic of a random series of favorable bets. And I would see it again and again in real life in both the gambling and the investment worlds.

Saying I love you is such a gamble that most people take risks and bet their lives.

The best on horses you think will lose are a valuable "insurance policy." When rare disaster strikes, you'll be glad you had the insurance. 71 The exponential growth of wealth in the Kelly system is also a consequence of proportional betting. As the bankroll grows, make larger bets. 98 [2 questions are central to John Kelly's analysis] What level of risk will lead to the highest long-run return? What is the chance of losing everything? 286 As Fred Schwed, Jr. author of Where are the Customer's Yatchs? put it back in 1940, "Like all of life's rich emotional experiences, the full flavor of losing important money cannot be conveyed in literature." 304 Claude Shannon: A smart investor should understand where he has an edge and invest only in those opportunities. 308 The longer you hold a stock, the harder it is to beat the market by much. 316

Sports wagering is now legal in almost every state. In some cities, baseball fans can place bets on the game at kiosks at the stadium. In most states, people can wager with the flick of their fingers on their phones while they cheer from the cheap seats or from just behind the dugout, and baseball, once opposed to gambling in all its formats,

isn’t frowning on the new craze. It’s actively promoting sports gambling with corporate partnerships and in-game graphics broadcast on national television, giving viewers live betting odds of the current batter’s chances of hitting a home run in that very moment. There’s simply too much money in play not to be involved. In 2023, fans in America wagered more than one hundred billion dollars on sports, enough money that they could have pooled their cash to buy the Cincinnati Reds a hundred times over or purchase every single Major League Baseball team—and still have billions of dollars left in their pockets.

Giamatti held court in New York, comfortable and relaxed on the stage at the Hilton, a professor again, teaching. He opined about the dangers of gambling and sports. He said that a competitor placing bets

this new landscape, players still can’t bet on the game—Rule 21(d) remains in effect—and league officials argue that they have more protection against wrongdoing, not less. Legalized gambling platforms can track down to the minute what’s being wagered, where, and on whom.

Poker players explained to me that there’s a particular moment at which players are extremely vulnerable to an emotional surge. It’s not when they’ve won a huge pot or when they’ve drawn a fantastic hand. It’s when they’ve just lost a lot of money through bad luck (a ‘bad beat’) or bad strategy. The loss can nudge a player into going ‘on tilt’ – making overly aggressive bets in an effort to win back what he wrongly feels is still his money. The brain refuses to register that the money has gone. Acknowledging the loss and recalculating one’s strategy would be the right thing to do, but that is too painful. Instead, the player makes crazy bets to rectify what he unconsciously believes is a temporary situation. It isn’t the initial loss that does for him, but the stupid plays he makes in an effort to deny that the loss has happened. The eat economic psychologists Daniel Kahneman and Amos Tversky summarised the behaviour in their classic analysis of the psychology of risk: ‘a person who has not made peace with his losses is likely to accept gambles that would be unacceptable to him otherwise’. Even those of us who aren’t professional poker players know how it feels to chase a loss.

Aristotle only noted that "I see" actually means "I have seen." Modern neuroscience reveals that "I see" (or "I perceive") actually means "I have made a bet." In the time between the arrival of signals at our eye or other receptor organ and the emergence of an image or idea in our brains, we have done a great deal of creative "artistic" work. We generally do that work so fast that we do not notice ourselves doing it. Thus, we forget the gamble in every perception and feel startled (or even annoyed) whenever we come up against evidence that others do not "see" what we "see.

Finalank Finalank holds immense significance in the world of Satta Matka gambling, serving as the final digit that determines the outcome of games and bets.

believe in love, but I’m a realist. You could love someone with your entire being, but it doesn’t guarantee they’ll love you in return. It’s a gamble, and I don’t like to make bets I might lose.

If you unquestioningly trust your intuitive perceptions of risk, you will chronically take gambles you should avoid and back away from bets you should embrace.

Right from the earliest recorded races at Smithfield, London, in the twelfth century, wagers have been placed on which horse was the fastest. Racing as we know it today wouldn’t exist without gambling, but the biggest gambles in racing are not placed with a bookmaker or in the betting shops; they occur in the sale rings, where vast sums are staked on untested, unridden, and as-yet-unnamed yearling colts, in the hope they will turn out to be world beaters and future sires of champions. Sometimes it happens and sometimes it doesn’t.

what they were willing to bet and bet on. Gambling is such a strange vice. We so often bet things we need for things we can so happily do without.

If I win this money back, if I get to even, I’m going to quit. But I didn’t know when or how to quit. Instead, I became the poster child for the old gambler’s lament: “The biggest thrill you can have in gambling is making a huge bet and winning. The second-biggest thrill is making a huge bet and losing.

Suddenly, sleeping with him, being careless with him, feels like the biggest gamble of my life. Putting everything on red in a game of Russian roulette, without knowing what the bet is, what the stakes are.

I can feel how wet you are,” he murmurs darkly, his voice hungry. “I bet if I slipped my fingers into your tight little cunt, you would come for me, wouldn’t you?” “You wouldn’t dare,” I snap, trying to act tough, but as soon as the words leave my lips, I realise what I’ve done. Laid down a challenge… to a man who thrives on gambling and bets. Fuck.

I have a frugal wife.” Pen couldn’t help smiling softly. “I figure my money is as much hers as mine, so I try to treat it as she would. Unless something seems especially worth the gamble.” “What would you think worth gambling for?” “Hm. Souls, probably.” “What would you bet against that stake?” said Roz, nonplussed. “Yesterday, my life.” Pen’s brows flicked up at his confused grunt. “We both won, I note. Reminds me of the great gamble of marriage, that way. Either you both win, or you both lose. There is no way that one winning and the other losing could come out well, in the end.

As members of the Church, there are things you cannot do. For one, you cannot take a Las Vegas-style vacation. I do not know whether you all knew that. You cannot gamble, bet on the horses, or play with playing cards. You cannot be "loose," immoral, or violent. . . . Other such questions are solved by straight thinking. My father often met the test that farmers generally undergo of "whether I should haul my hay on Sunday because it's about to rain." That was quite a test once upon a time. My father answered it by saying, "Let it rain. I don't care if it rains on the hay; I don't have to eat hay.

Victra stands to the side listening to enemy chatter. “Response teams inbound. More than two thousand mixed units.” She’s also patched to the strategic command on Orion’s ship, so she can gather battle data from the huge sensor arrays on the flagship. Looks like Roque launched more than fifteen thousand men at us in his leechCraft. Most will be in the Pax by now. Burrowed through to find me. Silly bastards. Roque gambled big, bet wrong. And I’ve just brought three thousand crazed Obsidian berserkers to a mostly empty warship. The Poet is going to be pissed.

You’re a gambling man, right? Or do you only bet on frivolous things like poker and fucking women?

Augur may be destined to become the web’s answer to gambling prohibition—it will do to the betting man what the silk road did to the drug user—but you'd never know it from talking to the developers of the system.

And I dare to believe that it really is. I dare to bet on us again.

The study of the form is the betting man's philology, philosophy, science, and literary criticism all rolled into one.

the odds are always against you? Gambling is legal and betting is legal, for what I bet

I think any gamble about the human race that starts with us not being that stupid is a sucker’s bet.

P&G’s Global Open Innovation, describes their approach simply: “Choose a few consumers that you really feel are the early adopters, test it with them, see what they like about it and what they don’t like about it … And, if it appeals to them, use them to optimize it [the idea] further and then the laggards will follow.” Thoen and other executives at Procter & Gamble have learned the value of developing their ideas with active users through experience and from the field of design thinking.

There is a taboo in the psychology world, to ask a therapist what their cure rate is. Though the therapist knows what the person means in asking, and could give an answer, they typically dislike the question, because it is a way of measuring the psychologist on something that depends ultimately on their patients. To add to that the therapist doesn’t typically see a struggle in their patient’s life not being a struggle, but that a person gets better at not letting it get to them. I would say that our experience in life will always be in reference to our weaknesses, but that isn’t a bad thing. Our weaknesses plague us until we decide to really face them, and then they become strengths as we change them. I think it is a matter of maturing, and not curing in psychopathology, we’re naïve not broken. Alcoholism for instance, once it is overcome, the person doesn’t forget all the intricacies of the cost-benefit of alcohol once they become sober. They still know exactly what problems alcohol seemed to solve, and when faced with those problems, they cannot completely exclude it as a possible remedy. Why? For example, I personally don’t drink alcohol, but I know many people who see it as a normal part of their life, and have set what they feel are appropriate bounds for its use. It is a lot easier for me, who has not experienced any benefits, but knows several disadvantages, to not see alcohol as worth it. However, similarly in my life, fully knowing both the advantages of things like soda, fast food, sleeping in, not exercising and whatever else, in the cost benefit analysis, they sometimes still win. Every asset has associated risks, and when making a decision, while trying to optimize value, we are not picking between correct or incorrect, or right or wrong, but cost vs benefit in safe bet vs the risky bet. Whether I can study or write better while drinking a caffeinated soda has yielded inconsistent results, but sometimes the gamble seems worth it, however drinking a soda before going to the gym has yielded consistently negative results. This is the process of maturity, and the only way to help someone mature faster, is to help them remember and process the data they have already gathered or are currently gathering. One thing that slows down this process is false information. Many cases of grave disability due to psychopathology are caused because of the burden of an overwhelming amount of counterproductive information, and limited resources of productive information.

You can also see mental accounting in action at the casino. Watch a gambler who is lucky enough to win some money early in the evening. You might see him take the money he has won and put it into one pocket and put the money he brought with him to gamble that evening (yet another mental account) into a different pocket. Gamblers even have a term for this. The money that has recently been won is called “house money” because in gambling parlance the casino is referred to as the house. Betting some of the money that you have just won is referred to as “gambling with the house’s money,” as if it were, somehow, different from some other kind of money. Experimental evidence reveals that people are more willing to gamble with money that they consider house money.4

I don’t see Number Four though—oh.” Number Four, wearing an unflattering chartreuse jacket, was sitting alone on the chewed-up grass, despondently licking his testicles. “Hmm, I don’t know, Bel . .

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I take to slummy bars and sheisty gambling halls like a proud lion to the rolling grassy plains of the savannah. Well acquainted, am I, with the various beasts of the beer-tavern. The cackling hyena pool players—scavengers, lurking in the shadows, waiting to prey upon the unwary sucker. The sports-betting meerkat folk who poke heads out of their beer mug homes only long enough to check scores, before ducking back down in a bid to avoid the larger predators. The aloof but noble baboon bartender, dispensing suds and barroom wisdom in equal portions—kind of like Rafiki from the Lion King, sans the beer thing.

I think I’m the only woman you’ve loved in forever. And you were going to pitch me out that fast, just because I make you nervous. I thought you didn’t trust me, but now I think you don’t trust yourself.” She shook her head. “I don’t want a man like that. I need a man with guts, who’s sure of himself. Confident enough to stand by me. I need a man who’s not afraid to take a risk or two for something important.” “I’ve taken a risk or two,” he said. “And you don’t scare me. Come up here on the porch.” “No. Not until you say that if we stay solid, there will be a real relationship and a family. I don’t want any of this ‘I don’t get involved’ shit. It’s all crap, Luke. You can have some time to be sure, I’m patient. But I’m not giving you up.” He smiled at her. “I don’t need time to be sure. I know how I feel.” “Still on that? Still that ‘never gonna happen’ bullshit?” “Okay, I guess it could happen,” he said. “If it did happen, it would happen with you. I just always thought you deserved more.” “More than everything I’ve ever wanted in the world? See what an idiot you turned out to be?” He had to laugh. She was something, this woman. “Shelby, come here. I don’t have to think about it—you’re the most solid thing I’ve ever had in my life. Now come here.” “I thought I wasn’t enough for you—but I was too much,” she said. “And you don’t get to decide what I deserve. What I deserve is a man who looks at me grow fat on his baby and feels pride. Love and pride.” “Okay then,” he said. “I love you. Come here.” “Not good enough. You have to say something to convince me this is worth the gamble. I came a long way and I came alone. I was betting on you, on us. I love you and you love me and I’m sick of screwing around. Say the right thing for once. Say something profound.” He stared at her and his smile slowly faded. He put his hands on his hips. He took a deep breath and felt tears gather in his eyes. “You’re all I need to be happy, Shelby,” he said. “You’re everything I need…” He actually surprised her. Her arms dropped from over her chest and she gaped at him for a second. “You’re everything,” he said. “It scares me to death, but I want it all with you. I want you for life. I want what you want, and I want it right now.” “Huh?” “Everything, Shelby. I want you to be the lead in my shoes that keeps me on the ground. The mother of my children. My best friend, my wife, my mistress. It’s a tall order.” He took a breath. “If you won’t quit, I won’t.” “You’re sure about that?” she asked him. “Sure it scares the hell out me you’ll change your mind? Or sure I want it all? Oh, yeah, honey. I’m sure.” “I won’t change my mind,” she said softly. “I can’t hear you!” he yelled. “I can’t hear you because you won’t come out of the frickin’ rain!” She ran up the porch steps and into his arms.

Fracking exemplifies the technological wager, by which I mean a gamble or even a faith that we can transform the world in the pursuit of narrowly defined goals and successfully manage the broader unintended consequences that result. In many ways, we are gambling on present innovations. I think that if we are to live with high technology we cannot avoid this wager. The question is whether we can establish conditions to make it a fair and reasonable bet. In the case of fracking, I will argue, these conditions are largely not in place (3).

He was twelve hundred down. This was against the odds, true bad luck, and then it occurred to him the fights could be rigged. He hadn’t been paying attention to the politicians. Were they winning? Could they be ring-ins: invertebrates betting on invertebrates? He wanted to bust their faces, but willed himself to walk out the door. The invertebrates, sooner or later, always won.

You drink, you gamble, you watch cricket and bet money you don’t have, you lynch Muslims, you beat your kids, and they grow up and do the same.

His odds don’t really matter if he’s not going to win.

When it comes to habits, the key takeaway is this: dopamine is released not only when you experience pleasure, but also when you anticipate it. Gambling addicts have a dopamine spike right before they place a bet, not after they win. Cocaine addicts get a surge of dopamine when they see the powder, not after they take it. Whenever you predict that an opportunity will be rewarding, your levels of dopamine spike in anticipation. And whenever dopamine rises, so does your motivation to act. It is the anticipation of a reward- not the fulfillment of it- that gets us to take action. p106

Stanley Druckenmiller observed that huge and well-timed gambles were the essence of Soros's genius. Soros was right about the market's direction no more than other traders. What distinguished him was that when he felt a truly strong conviction, he acted on it more courageously. Likewise, Thiel had the guts to act on his understanding of the power law by betting big at the right moments. Because only a handful of startups would grow exponentially, there was no point getting excited about opportunities that seemed merely solid; in venture, the median investment was a failure. But when he encountered a potential grand slam, Thiel was ready to pile his chips onto the table.

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Do you think you can cut a deal with God that time stands still for you, holding off on anything important until you’re ready to participate again? When you gamble with your time, you may be placing a bet you can’t cover. Even if you’re sure you can win, be careful that you can live with what you lose.

When it comes to habits, the key takeaway is this: dopamine is released not only when you experience pleasure, but also when you anticipate it. Gambling addicts have a dopamine spike right before they place a bet, not after they win. Cocaine addicts get a surge of dopamine when they see the powder, not after they take it. Whenever you predict that an opportunity will be rewarding, your levels of dopamine spike in anticipation. And whenever dopamine rises, so does your motivation to act.

The first week of the NFL is very dangerous. Teams change dramatically from year to year. There is no situational advantage because every team is playing their first game. It is very difficult to handicap these games.

Never believe that hope is dead. Life will always keep dealing challenges. So, hope is always on the table. You just have to bet on it.

I don’t bet on horses. I beat their meds into pixie dust, a couple grams doled into baggies. DOA with no face to save, I fall asleep, taking over the kind of life I always wanted.

This phenomenon has serious consequences for hierarchical organizations. Executives are just as loss-averse when the bets are small as they are when the gambles are large, even though small gambles do not raise the same issues of survival or ruin that provide a rationale for aversion to large risks. What’s more, small gambles offer opportunities for the risk-reducing effects of aggregation.

The radical acceptance of the accumulations of our lives is born in the giving up, the acknowledgment of the artifice. It is what journalist Ken Fuson exudes in his self-penned obituary. Having been unshackled from pretense by a public struggle with addiction and freed from performance by impending bodily death, Fuson delivered a remarkable eulogy for himself: He attended the university’s famous School of Journalism, which is a clever way of saying, “almost graduated but didn’t.” . . . In 1996, Ken took the principled stand of leaving the Register because The Sun in Baltimore offered him more money. Three years later, having blown most of that money at Pimlico Race Track, he returned to the Register, where he remained until 2008. For most of his life, Ken suffered from a compulsive gambling addiction that nearly destroyed him. But his church friends, and the loving people at Gamblers Anonymous, never gave up on him. Ken last placed a bet on Sept. 5, 2009. He died clean. He hopes that anyone who needs help will seek it, which is hard, and accept it, which is even harder. Miracles abound.9 Fuson evinces true authenticity, something close to real freedom, and it is beautiful. His prose is not a parade of accomplishments but a catalog of embarrassing details and defeats—the kind that makes a reader’s heart beam with appreciation, identification, laughter, and hope.

I take leaps and gambles with my work all the time—or at least I try to. You must be willing to take risks if you want to live a creative existence. But if you’re going to gamble, know that you are gambling. Never roll the dice without being aware that you are holding a pair of dice in your hands. And make certain that you can actually cover your bets (both emotionally and financially).

All this time I thought you didn’t believe in love.”  “I believe in love, but I’m a realist. You could love someone with your entire being, but it doesn’t guarantee they’ll love you in return. It’s a gamble, and I don’t like to make bets I might lose.

Mahatma Gandhi claimed that betting was a more pernicious evil than drinking.

Y'all know that little gal Kelly Crawford that works down at Tuckers?" Tuckers Jiffy Lube was the only gas station and mechanical shop in town. Jena Lynn's face contorted in disapproval. "You referring to that scantily clad girl who runs the register?" I asked as Jena Lynn hopped up to retrieve the coffeepot. "That's the one." Betsy curled up her lip in disgust. "That girl is barely legal!" I was outraged. "I know! I'm going to tell her granny. She'll take a hickory switch to the girl when she finds out what she's been up to. She was all over Darnell." Betsy wiped her nose with the back of her hand. She was right about that. Her granny wasn't the type to spare the rod; she parented old-school style. Jena Lynn's tone rose as she stirred raw sugar into her coffee. "You caught them?" "Well, I called him after what happened with poor Mr. Ledbetter---" We shook our heads. "---told him I was going to be late 'cause I was taking that extra shift. Guess he thought late meant real late 'cause when I got home, they we're rootin' around on my couch, the one my meemaw gave me last spring when she had her house redecorated." We sat in stunned silence. "I threw his junk out last night. And when he still didn't budge from the TV"---she paused for effect---"I set it all on fire, right there in the front yard." She leaned back and crossed her arms over her expansive chest. "That's harsh." Sam stacked his empty plates. "Maybe it wasn't Darnell's fault." Jena Lynn and I gave him a disapproving glare. He appeared oblivious to his offense, and the moron had the audacity to reach into the container for a cream cheese Danish. "Sam, if you value that scrawny hand of yours, I'd pull it out real slow or you'll be drawing back a nub," Betsy warned. "Sheesh!" Sam jerked backward. It was obvious he didn't doubt her for a second. He marched toward the kitchen and dropped the plates in the bus tub with a loud thud. "He should know better. You don't touch a gal's comfort food in a time of crisis," I said, and my sister nodded in agreement. Jena Lynn patted Betsy on the arm. "Ignore him, Bets. He's a man." I stood. "And if I may be so bold as to speak for all the women of the world who have been unfortunate enough to be in your shoes, we applaud you." A satisfied smile spread across Betsy's lips. "Thank you." She took a little bow. "That's why my eyes look like they do. Smoke got to me." She leaned in closer. "I threw all his high school football trophies into the blaze while he was hollering at me. The whole neighborhood came out to watch." I chuckled. The thought of Darnell Fryer running around watching all his belongings go up in smoke was hilarious. I wished I'd been there. "Did anyone try to step in and help Darnell?" "Hell nah. He owes his buddies so much money from borrowing to pay his gambling debts, the ones that came out brought their camping chairs and watched the show while tossing back a few cold ones." She got up from the counter to scoop a glass full of ice and filled it with Diet Coke from the fountain. "Y'all, I gotta lose this weight now I'm back on the market." Betsy was one of a kind.

We keep coming back, even when we lose. Don't deny that you have a gambler's heart. You come back over and over, even when the odds are horrible. -Dr. Ryan Yates explaining gambling to his soulmate

According to existential-humanist psychology, where the materialist says "I perceive," it would be more correct to say "I am making a bet.” Concretely, in Ames's cock-eyed room, we "make a bet" that we are seeing something familiar to us. If allowed into the room and asked to touch a corner of the ceiling with a pointer, we quickly discover the gamble in every act of perception. Typically, we hit almost everything but the corner in our first attempts — the walls, other parts of the ceiling, etc. A strange thing happens as we go on trying. Our perceptions change — we are making a new series of bets, one after another — and gradually we are able to find the corner we are aiming for.

And, finally, the obvious dawned on me: I was not my mother. Brian was not my father. Together, we were not anyone from the past. And, as potentially unsound as our little family of four was, we were in fact a family of four. Our unit was primary. Trying to make a family is a gamble, and if I was going to bet on something, I would bet on what I wanted, what I hoped form, what I believed in. And that was a life with Brian.

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The streets of downtown Shanghai likewise seemed a continuous freak circus at first, unbelievably alive with all manner of people performing almost every physical and social function in public: yelling, gesturing, always acting, crushing throngs spilling through every kind of traffic, precariously amidst old cars and new ones and between coolies racing wildly to compete for ricksha fares, gingerly past "honey-carts" filled with excrement dragged down Bubbling Well Road, sardonically past perfumed, exquisitely gowned, mid-thigh-exposed Chinese ladies, jestingly past the Herculean bare-backed coolie trundling his taxi-wheelbarrow load of six giggling servant girls en route to home or work, carefully before singing peddlers bearing portable kitchens ready with delicious noodles on the spot, lovingly under gold-lettered shops overflowing with fine silks and brocades, dead-panning past village women staring wide-eyed at frightening Indian policemen, gravely past gambling mah-jongg ivories clicking and jai alai and parimutuel betting, slyly through streets hung with the heavy-sweet acrid smell of opium, sniffingly past southern restaurants and bright-lighted sing-song houses, indifferently past scrubbed, aloof young Englishmen in their Austins popping off to cricket on the Race Course, snickeringly round elderly white gentlemen in carriages with their wives or Russian mistresses out for the cool air along the Bund, and hastily past sailors looking for beer and women—from noisy dawn to plangent night the endless hawking and spitting, the baby's urine stream on the curb, the amah's scolding, the high falsetto of opera at Wing On Gardens where a dozen plays went on at once and hotel rooms next door filled up with plump virgins procured for wealthy merchants in from the provinces for business and debauch, the wail of dance bands moaning for slender bejeweled Chinese taxi dancers, the whiteness of innumerable beggars and their naked unwashed infants, the glamour of the Whangpoo with its white fleets of foreign warships, its shaggy freighters, its fan-sailed junks, its thousand lantern-lit sampans darting fire-flies on the moon-silvered water filled with deadly pollution. Shanghai!

I remember a psychiatrist once telling me that I gamble in order to escape the reality of life, and I told him that’s why everyone does everything. But I’ve had plenty of wasted nights, after losses and bigger losses, to consider the question more seriously. So why the attraction? Most people would think it’s the wins that keep the gambler going, but any gambler knows this is not true. As you place your chips on the craps table, you feel anxiety and impatience. When the red dice hit the green felt with a thunk and you’re declared the winner and the chips are pushed toward you, you feel relief. Relief is all. And relief is fine, but hardly what a man would give the whole rest of his life to gain. It has to be something else, and the best I’ve come up with is this: It is a particular moment. A magic moment that occurs after the placing of a bet and before the result of that bet. It 1s after the red dice are thrown but before they lie still on the green felt where they fall. It is when the dice are in the air, and as long as they are there, time stops. As long as the red dice are in the air, the gambler has hope. And hope is a wonderful thing to be addicted to.

I remember a psychiatrist once telling me that I gamble in order to escape the reality of life, and I told him that’s why everyone does everything. But I’ve had plenty of wasted nights, after losses and bigger losses, to consider the question more seriously. So why the attraction? Most people would think it’s the wins that keep the gambler going, but any gambler knows this is not true. As you place your chips on the craps table, you feel anxiety and impatience. When the red dice hit the green felt with a thunk and you’re declared the winner and the chips are pushed toward you, you feel relief. Relief is all. And relief is fine, but hardly what a man would give the whole rest of his life to gain. It has to be something else, and the best I’ve come up with is this: It is a particular moment. A magic moment that occurs after the placing of a bet and before the result of that bet. It 1s after the red dice are thrown but before they lie still on the green felt where they fall. It is when the dice are in the air, and as long as they are there, time stops. As long as the red dice are in the air, the gambler has hope. And hope is a wonderful thing to be addicted to.

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But sportsbooks and racebooks make up only about 2 percent of gaming revenues at Las Vegas Strip casinos and 1 percent of overall revenues. They can be a bigger part of the business at off-Strip properties like Westgate and Circa, where sportsbooks help to draw in huge crowds on football weekends. Ultimately, however, sports betting is a medium-sized business. In 2022, the legal online sports-betting market in the U.S. generated about $7.5 billion in net betting revenue. That’s not nothing, and the market will grow as more states legalize it. But the Vegas Strip alone generates more gambling revenue than that. Heck, the frozen pizza market in the U.S. is worth about $20 billion annually.

vellum, and blotted it. “Why not just shred it since you’ve won?” Chloe asked, a little miffed that the bet would linger on. “We want to destroy them—or reveal them—all at the same time.” He took Chloe’s hands in his and faced her. “We were gambling with the most important of our possessions: our hearts.

Primer of Love [Lesson 66] Love is a fire. But whether it is going to warm your hearth or burn down your house, you can never tell. ~ Joan Crawford Lesson 66) Sure love is a gamble -- but it's better to lose than never spin the wheel. [Carnival barker] "Ladies and gentlemen. Line right up and place your wager. You don't need money or chips - just take your heart, tear it free, and place it upon the number of your choosing. Then spin our fickle wheel of fortune. Round and round it goes, it spins, it spins and where it lands nobody knows. You may have the payoff of a lifetime. Or maybe, you'll wind up with a broken heart with a stent, a pacemaker and a percutaneous transluminal coronary angioplasty. Take ask me for my 'professional opinion.' I just take bets that favor the house.

I smoked one too many cigarettes- I heard one too many lies- Gambler on too many bets- And lost it all to this life.

$31. Meanwhile the One horse on top of the Four horse is paying $82 and the Two horse on top of the Four horse is paying $157, and it is going like this in most of the other combinations involving horse One and horse Two. Then, clearly, horse One is favored over horse Two in the exacta pool. But if horse Two is going off at lower odds in the win pool than horse One, something is out of kilter. You have found a discrepancy and may have a good exacta bet on horse Two (or a good win bet

If you can’t outplay them, out-work them” -- Ben Hogan

Despite opposition from Main Street and numerous politicians, policy makers put together the rescue in the name of avoiding a financial crisis. Ultimately, the US Treasury got its money back and even made a modest profit, causing some to deem the rescue a success. It was a success in fiscal terms. But it encouraged lenders to finance risky bets without fear of the consequences.

Amos liked to call good ideas “raisins.” There were three raisins in the new theory. The first was the realization that people responded to changes rather than absolute levels. The second was the discovery that people approached risk very differently when it involved losses than when it involved gains. Exploring people’s responses to specific gambles, they found a third raisin: People did not respond to probability in a straightforward manner. Amos and Danny already knew, from their thinking about regret, that in gambles that offered a certain outcome, people would pay dearly for that certainty. Now they saw that people reacted differently to different degrees of uncertainty. When you gave them one bet with a 90 percent chance of working out and another with a 10 percent chance of working out, they did not behave as if the first was nine times as likely to work out as the second. They made some internal adjustment, and acted as if a 90 percent chance was actually slightly less than a 90 percent chance, and a 10 percent chance was slightly more than a 10 percent chance. They responded to probabilities not just with reason but with emotion.

It is impossible to lose if you bet on God.

There are times for the tearless cry, There are times for the voiceless words we say.. There are times for the unjustified sorrow.. There are times for the empty diaries And the white similar days.. There are weeks for suspense, Nights for insomnia, And long hours for annoyance.. There are times for folly, others for repentance, Times for passion and others for pain.. There are times unrelated to seasons. There are times for the letters that will never be written, For that phone that will never ring, For the confessions that will never be made, For a lifetime that must be spent in a moment of wager.. There is a wager where we bet our hearts on a gambling table.. There are brilliant players practicing failure with distinction... There are beginnings of years similar to ends, There are weekends longer than all weeks.. There are gray mornings of days unrelated to autumn.. There are storms of passion leaving no place for a tent, And a furnished memory that can't be used for rent.. There are trains that will travel without us, And airplanes that will take us no further than ourselves. Deep inside us; there is a corner where rain never stops.. There are rains that water only notebooks.. There are poems that will never be signed by poets, There are inspiring people who sign a life of a poet, There are writings more wonderful than their writers, There are love stories more beautiful than their lovers, There are lovers who mistook their path to love, There is a love which mischose its lovers.. There is a time that is not created for passion, There are lovers who are not created for this time, There is a love which is created to stay, There is a love that sweeps everything away.. There is a love as fierce as hate, There is a hate unmatched by any love.. There is a forgetfulness more visible than memory, There are lies more honest than truth.. There is me, There is you, There are imaginary dates more delightful than all dates, There are love plans more beautiful than any love story, There is a farewell more delicious than thousands of meetings, There are clashes prettier than any peace.. There are moments that pass as an age.. There is an age dying in a moment.. There is me and there is you, There is always an impossibility that begins with every love.

In 2010, a cognitive neuroscientist named Reza Habib asked twenty-two people to lie inside an MRI and watch a slot machine spin around and around. Half of the participants were “pathological gamblers”—people who had lied to their families about their gambling, missed work to gamble, or had bounced checks at a casino— while the other half were people who gambled socially but didn’t exhibit any problematic behaviors. Everyone was placed on their backs inside a narrow tube and told to watch wheels of lucky 7s, apples, and gold bars spin across a video screen. The slot machine was programmed to deliver three outcomes: a win, a loss, and a “near miss,” in which the slots almost matched up but, at the last moment, failed to align. None of the participants won or lost any money. All they had to do was watch the screen as the MRI recorded their neurological activity. “We were particularly interested in looking at the brain systems involved in habits and addictions,” Habib told me. “What we found was that, neurologically speaking, pathological gamblers got more excited about winning. When the symbols lined up, even though they didn’t actually win any money, the areas in their brains related to emotion and reward were much more active than in non-pathological gamblers. “But what was really interesting were the near misses. To pathological gamblers, near misses looked like wins. Their brains reacted almost the same way. But to a nonpathological gambler, a near miss was like a loss. People without a gambling problem were better at recognizing that a near miss means you still lose.” Two groups saw the exact same event, but from a neurological perspective, they viewed it differently. People with gambling problems got a mental high from the near misses—which, Habib hypothesizes, is probably why they gamble for so much longer than everyone else: because the near miss triggers those habits that prompt them to put down another bet. The nonproblem gamblers, when they saw a near miss, got a dose of apprehension that triggered a different habit, the one that says I should quit before it gets worse.

True investing is really more like betting against a parimutuel system, trying to find a 2-to-1 shot that pays 3 to 1. Value investing is looking for a “mispriced gamble.

Betting and gambling are suitable for discrete events but not for continuous processes. If you introduce the behavioral characteristics of betting or gambling into a continuous process, you are leaving yourself open to enormous losses.

Book of Dead is a video slot from Play'n GO, designed in Egyptian style. The game includes 5 reels and 10 lines, is characterized by high volatility and generous payouts. The main symbol - “Book”, combining the role of wild and scatter. When three or more of these symbols fall out, the player gets 10 free spins. During freespins, one symbol accidentally becomes expanding - occupies the whole drum and increases the chances of a big win (up to 5000× bet). Gamble" function is available - after any win you can take a risk and try to double or quadruple your winnings. Simple rules are combined with bright emotions and high payout potential.

I don’t hate all men. I just find them highly illogical. I don’t have any idea why they are allowed to run the world.

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First, forget politics as you’ve come to see it as electoral contests between Democrats and Republicans. Think power. The underlying contest is between a small minority who have gained power over the system and the vast majority who have little or none. Don’t assume that a U.S. president or any other head of state unilaterally makes big decisions. Look at the people who enable and encourage those decisions, and whose interests those decisions serve. Forget what you may have learned about the choice between the “free market” and government. A market cannot exist without a government to organize and enforce it. The important question is whom the market has been organized to serve. Forget the standard economic goals of higher growth and greater efficiency. The issue is who benefits from more growth and efficiency. Don’t be dazzled by “corporate social responsibility.” Most of it is public relations. Corporations won’t voluntarily sacrifice shareholder returns unless laws require them to. Even then, be skeptical of laws unless they’re enforced and backed by big penalties. Large corporations and the super-rich ignore laws when the penalties for violating them are small relative to the gains for breaking them. Fines are then simply very manageable costs of doing business. Don’t assume that we’re locked in a battle between capitalism and socialism. We already have socialism—for the very rich. Most Americans are subject to harsh capitalism. Don’t define “national competitiveness” as the profitability of large American corporations. Those corporations are now global, with no allegiance to America. Real national competitiveness lies in the productivity of the American people—which depends on their education, health, and infrastructure linking them together. You can also forget the ups and downs of the business cycle. Focus instead on systemic changes that have caused the wealth and power of a few to dramatically increase during the last forty years at the expense of the many. Forget the old idea that corporations succeed by becoming better, cheaper, or faster than their competitors. They now succeed mainly by increasing their monopoly power. Forget any traditional definition of finance. Think instead of a giant gambling casino in which bets are made on large flows of money, and bets are made on those bets (called derivatives). The biggest winners have better inside-information than anyone else. Don’t confuse attractive policy proposals with changes in the system as a whole. Even if enacted, such proposals at most mitigate systemic problems. Solving those systemic problems requires altering the allocation of power. Don’t assume society will fundamentally improve just because certain bad actors (including, say, a sociopathic president) are replaced by good ones. If systemic problems aren’t addressed, nothing important will change. Don’t assume the system is stable. It moves through vicious spirals and virtuous cycles. We are

Richard leaned forward, resting his elbows on his knees. “You gambled with her reputation, Darcy. Whether you meant to or not, you made her the subject of some ridiculous game. And now you’re angry that she did the same to you?” Darcy flinched at the words, his guilt twisting deeper. “I did not mean for it to go this far.” “No one ever does,” Richard said dryly. “But here’s the thing—you’re both idiots.

So now you’ve got to bet $25,000 instead of $10,000 because otherwise, there’s no thrill. Once a $5,000 shopping spree does nothing for you, you’ve got to max out two credit cards so you can feel that same rush again. All of this is to make the feeling of who you really are go away. Everything you do to get the same high, you have to keep doing more of, with increasing intensity. More drugs, more alcohol, more sex, more gambling, more shopping, more TV. You get the idea. Over time, we become addicted to something in order to ease the pain or anxiety or depression we live by on a daily basis. Is this wrong? Not really. Most people do these things because they just don’t know how to change from the inside. They are only following the innate drive to get relief from their feelings, and unconsciously they think their salvation comes from the outside world. It has never been explained to them that using the outer world to change the inner world makes things worse … it only widens the gap.

Growing up in cattle country, you learn early that gambling is a way of life. You bet the rain will come and the rattlers won’t bite. You play the odds and hope you chose the right breed, the right time, the right pasture.

For years, scientists assumed dopamine was all about pleasure, but now we know it plays a central role in many neurological processes, including motivation, learning and memory, punishment and aversion, and voluntary movement. When it comes to habits, the key takeaway is this: dopamine is released not only when you experience pleasure, but also when you anticipate it. Gambling addicts have a dopamine spike right before they place a bet, not after they win. Cocaine addicts get a surge of dopamine when they see the powder, not after they take it. Whenever you predict that an opportunity will be rewarding, your levels of dopamine spike in anticipation. And whenever dopamine rises, so does your motivation to act. It is the anticipation of a reward—not the fulfillment of it—that gets us to take action.

I believe in love, but I’m a realist. You could love someone with your entire being, but it doesn’t guarantee they’ll love you in return. It’s a gamble, and I don’t like to make bets I might lose.” 

People with gambling problems got a mental high from the near misses—which, Habib hypothesizes, is probably why they gamble for so much longer than everyone else: because the near miss triggers those habits that prompt them to put down another bet. The nonproblem gamblers, when they saw a near miss, got a dose of apprehension that triggered a different habit, the one that says I should quit before it gets worse.

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