Casino Gambling Quotes

It's hard to walk away from a winning streak, even harder to leave the table when you're on a losing one.

The Circus-Circus is what the whole hep world would be doing Saturday night if the Nazis had won the war. This is the sixth Reich. The ground floor is full of gambling tables, like all the other casinos... but the place is about four stories high, in the style of a circus tent, and all manner of strange County-Fair/Polish Carnival madness is going on up in this space.

Above all, he liked it that everything was one's own fault. There was only oneself to praise or blame. Luck was a servant and not a master. Luck had to be accepted with a shrug or taken advantage of up to the hilt. But it had to be understood and recognized for what it was and not confused with a faulty appreciation of the odds, for, at gambling, the deadly sin is to mistake bad play for bad luck. And luck in all its moods had to be loved and not feared

Quit while you’re ahead. All the best gamblers do.

The concept of disease is fast replacing the concept of responsibility. With increasing zeal Americans use and interpret the assertion "I am sick" as equivalent to the assertion "I am not responsible": Smokers say they are not responsible for smoking, drinkers that they are not responsible for drinking, gamblers that they are not responsible for gambling, and mothers who murder their infants that they are not responsible for killing. To prove their point — and to capitalize on their self-destructive and destructive behavior — smokers, drinkers, gamblers, and insanity acquitees are suing tobacco companies, liquor companies, gambling casinos, and physicians.

The secret is this: people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots. They want to know they matter. They may brag about the nights they won, the money they took from the casino, but they treasure, secretly treasure, the times they lost. It’s a sacrifice, of sorts.

Bond didn't defend the practice. He simply maintained that the more effort and ingenuity you put into gambling, the more you took out.

Trust can be one of life’s greatest rewards, but it can also be the cause for the most destruction in one’s life.

Think, bud. Fierce immortal who likes to gamble in Sin’s casino, wear tacky shirts, and watch anime.” – Zarek “Old Bear?” – Sundown “Give that boy a biscuit. He finally got it.” – Zarek

Prediction in a complex world is a chancy business. Every decision that a survival machine takes is a gamble, and it is the business of genes to program brains in advance so that on average they take decisions that pay off. The currency used in the casino of evolution is survival, strictly gene survival, but for many purposes individual survival is a reasonable approximation.

Money can buy you anything. It can buy you casinos and developments and the gambling debts of weaker men. It can buy you lawyers and police. And, if you're the sort of man who can buy another man's son, money can buy you your very own type of justice.

The gambler who adheres to the rules of the Casino in their gambling endeavors will always succumb to defeat at the hands of the Casino.

Performing magic in the live show thrills me. Just get me a deck of cards and some attentive audience, and I have made my day and theirs too

The forest, like a casino, always wins. That's why you should never gamble, or enter the forest. And above all, never underestimate Schmidty.

You’ve looked in the mirror long enough. See everything as if it were narrated by another.

Conventional wisdom nor scientific, mathematical prove of randomness in life could do nothing to deter human's curiosity for the unknown, however small the chance of a positive outcome maybe.

Arriving on Bainbridge Island is the opposite of arriving in Seattle. When you got in your car and waited to unload off the ferry in Seattle, you saw the Space Needle, cars, and a mound of urban construction. Once you exit the ferry terminal on Bainbridge, however, it’s mostly trees. Pine as far as the eye can see. Well, pines, firework and coffee stands, and eventually a casino. You drive through the Port Madison Indian Reservation when you leave the island. I couldn’t help but smile as I went past the casino. I didn’t really get gambling, since I’d never had money to throw away, but as I passed through all the beautiful countryside that I’m sure once belonged to the tribe, I sort of hoped they would rob the white man blind. Perhaps not politically correct, but the feeling was there all the same.

THE SCENT and smoke and sweat of a casino are nauseating at three in the morning. Then the soul-erosion produced by high gambling – a compost of greed and fear and nervous tension – becomes unbearable and the senses awake and revolt from it.

Outside, the illuminated billboards of New Jersey zipped by: ads for auto dealerships where you could buy an impractical race car; injury lawyers you could employ to blame the other drivers once you crashed that race car; casinos where you could gamble away the money you won from the injury lawsuits. The great circle of life.

Every player eventually loses all their money.

... there is no magical formula to beat the casino. None. Save your money. Save yourself from the cons of an author and the cons of the casino.

Gossip is an unavoidable evil at school, work, or wherever, but when the HR department gossips, it elevates into malice.

It felt wrong for me to push Lady Luck to the side and for me to choose who ought to be 'lucky'. It didn't seem right. It wasn't fair.

By gaming we lose both our time and treasure: two things most precious to the life of man.

Ever notice there are no clocks in stores? It's like casinos; they don't want you to know how much time you've spent dropping your quarters.

SEO isn’t magic. It’s method. Every click is earned through structure, speed, and substance

SEO in 2025 is simple: own the topic, earn the links, and answer the intent better than anyone else

FatRank is the best online reputation management company as they understand Google results are your first impression

FatRank is the leading ORM agency because they turn negative press into authority-building assets

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.

In whatever decisions you make in life, you have to run them through a series of logic tests to make sure that there aren’t better alternatives. Don’t ever accept anything blindly— good or bad.

people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots. They want to know they matter.

Since the beginning of time there have been people who see themselves as being above the law. To them the laws don’t apply. These people often hold positions in government and in the corporate world. Does a similar mentality exist within the casino world? You betcha!

Psychedelics are almost irrelevant in a town where you can wander into a casino any time of the day or night and witness the crucifixion of a gorilla - on a flaming neon cross that suddenly turns into a pinwheel, spinning the beast around in wild circles above the crowded gambling action.

Above all, he liked it that everything was one's own fault. There was only oneself to praise or blame. Luck was a servant and not a master. Luck had to be accepted with a shrug or taken advantage of up to the hilt. But it had to be understood and recognized for what it was and not confused with a faulty appreciation of the odds, for, at gambling, the deadly sin is to mistake bad play for bad luck. And luck in all its moods had to be loved and not feared. Bond saw luck as a woman, to be softly wooed or brutally ravaged, never pandered to or pursued. But he was honest enough to admit that he had never yet been made to suffer by cards or by women. One day, and he accepted the fact, he would be brought to his knees by love or by luck. When that happened he knew that he too would be branded with the deadly question-mark he recognized so often in others, the promise to pay before you have lost: the acceptance of fallibility.

Sitting there, it is impossible to change your luck. But, you can always change the machine you are at!

All the magicians have 52 mutual friends.

For a professional magician, a stack of playing cards is as good as a stack of money.

A magician may step out without a purse, but he should never step out without a pack of playing cards.

I wonder what inspires gamblers. Is it the adventure or the love of laziness?

To an algorithm, a pixel is visual code. A letter is semantic intent. A byte is cost. Holistic SEO optimises them together

He’d been unique, a member of a vanishing race, a vanishing tribe, an individual in an ancient society. Now he was one of thousands with mixed blood, not unique anymore, not even Lakota. He was part Moroccan, part Berber if he believed the senator. The illegitimate son of a senator, how was that for a shocker? And if it hadn’t been for a renegade gambling syndicate trying to get a casino on Sioux land that they could siphon off profits from, he’d have gone the rest of his life without ever knowing the truth. His mother had kept her secret for thirty-six years. His whole life.

Let the player lose all the time and you will lose control over him, he is no longer your player. Reward is very important in the game, even if it's a fake reward. Only a doomed casino wants to defeat its players all the time.

There is a secret that the casinos possess, a secret they hold and guard and prize, the holiest of their mysteries. For most people do not gamble to win money, after all, although that is what is advertised, sold, claimed, and dreamed. But that is merely the easy lie that gets them through the enormous, ever-open, welcoming doors. The secret is this: people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots. They may brag about the nights they won, the money they took from the casino, but they treasure, secretly treasure, the times they lost. It's a sacrifice, of sorts.

The scent and smoke and sweat of a casino are nauseating at three in the morning. Then the soul-erosion produced by high gambling --a compost of greed and fear and nervous tension-- becomes unbearable and the senses awake and revolt from it.

The scent and smoke and sweat of a casino are nauseating at three in the morning. Then the soul-erosion produced by high gambling – a compost of greed and fear and nervous tension – becomes unbearable and the senses awake and revolt from it.

Mom once snuck me into a casino. We were going on vacation to Crater Lake and we stopped at a resort on an Indian reservation for the buffet lunch. Mom decided to do a bit of gambling, and I went with her while Dad stayed with Teddy, who was napping in his stroller. Mom sat down at the dollar blackjack tables. The dealer looked at me, then at Mom, who returned his mildly suspicious glance with a look sharp enough to cut diamonds followed by a smile more brilliant that any gem. The dealer sheepishly smiled back and didn’t say a word. I watched Mom play, mesmerized. It seemed like we were in there for fifteen minutes but then Dad and Teddy came in search of us, both of them grumpy. It turned out we’d been there for over an hour. The ICU is like that.

Tech helped to create this economy, and tech is what keeps it stable by giving us the greatest bread and circuses of all time. Casino owners discovered in the late 1980s that people who gambled on screens became addicted three to four times faster than those who gambled at tables. The rest of America had learned that lesson by 1992, when a third of homes had Nintendo systems. Men without jobs have video games the way men without girlfriends have pornography, and growing numbers of men are finding the substitute good enough to be going on with, declining to pursue either permanent employment or marriage. The historian David Courtwright calls this “limbic capitalism,” the redirection of America’s productive energies into inducing and servicing addictions.

I live by the belief that if you work hard and do the best you can, at the end of the day sleep comes easily for the dollar that was earned honestly. It was a lesson instilled by my parents. It was a lesson that I have always followed and found to be quite accurate.

At least in a casino, depending on the game, people have a slightly less than fifty percent chance of winning. In the long run, the house always wins, but a gambler can get lucky every once in a while. In the Tyranny’s elections, both options play for the house. If someone outside of Party A or B tries to run for office, it becomes the house’s mission to make sure everyone knows that only A and B are viable candidates. After being told this a hundred times, people believe it. After being told anything a hundred times, people will believe anything.

I’ll also correct the record about Tony’s personality, his gambling, his womanizing, how violent and tough he really was, and some inside information behind the adoption of his son, Vincent. When you finish reading this you’ll know the real Tony Spilotro and why the Outfit lost Las Vegas.

The Teamsters pension fund organized by Hoffa almost immediately became a source of loans to the national crime syndicate known to the public as La Cosa Nostra. With its own private bank, this crime monopoly grew and flourished. Teamsters-funded ventures, especially the construction of casinos in Havana and Las Vegas, where dreams come true for the godfather entrepreneurs. The sky was the limit and more was anticipated. At the time of Jimmy Hoffa’s disappearance in 1975 Atlantic City was about to open up to legalized gambling. Jimmy’s cut was to get a finder’s fee off the books.

The desert frightens me, I think. It looks too much like the seventh circle of hell. I'm afraid of damnation." "Why?" "Why?" Evelyn repeated, peering at Ann from behind her hand. She lay back again and closed her eyes. "I don't know. I've always supposed everyone is." "Well, they're not. I, for instance, am a hell of a lot more frightened of being saved." Evelyn chuckled. "I'm serious," Ann protested. "Virtue smells to me of rotting vegetation. Here you burn or freeze. Either way it's clean." "Sterile," Evelyn said and felt the word a laceration of her own flesh. "I wonder. It's fertility that's a dirty word for me." "Is it?" "Yes, I'm terrified of giving in, of justifying my own existence by means of simple reproduction. So many people do or try to. And there are the children, so unfulfilling after all. And they grow up to do nothing but reproduce children who will reproduce, everyone so busy reproducing that there's no time to produce anything. But it's such a temptation. It seems so natural — another dirty word for me. What's the point?" "You'd have the human race die out?" "No. We'll multiply in spite of ourselves always. We'll populate the desert. One day there will be little houses and docks all along this shore, signs of our salvation." "What would you have us do instead?" Evelyn asked. "Accept damnation," Ann said. "It has its power and its charm. And it's real." "So we should all get jobs in gambling casinos." "We all do," Ann said, her voice amused. "What do you think the University of California is? It's just a minor branch of the Establishment. The only difference is that it has to be subsidized." "Are you talking nonsense on purpose?" "No, I'm serious." "You think nothing has any value?" "No, I think everything has value, absolute value, a child, a house, a day's work, the sky. But nothing will save us. We were never meant to be saved." "What were we meant for then?" "To love the whole damned world," Ann said… "I live in the desert of the heart," Evelyn said quietly, "I can't love the whole damned world." 'Love me, Evelyn.' 'I do.

That’s what money wanted. It wanted to be spent. And it really wanted to be spent on luxury items. Its greatest thrill was just to be gambled away. It wanted to change hands. It wanted to find itself at the racetrack, it wanted to be thrown into the center of the table at a casino. Money is a masochist.

The formula was the same formula we see in every election: Republicans demonize government, sixties-style activism, and foreigners. Democrats demonize corporations, greed, and the right-wing rabble. Both candidates were selling the public a storyline that had nothing to do with the truth. Gas prices were going up for reasons completely unconnected to the causes these candidates were talking about. What really happened was that Wall Street had opened a new table in its casino. The new gaming table was called commodity index investing. And when it became the hottest new game in town, America suddenly got a very painful lesson in the glorious possibilities of taxation without representation. Wall Street turned gas prices into a gaming table, and when they hit a hot streak we ended up making exorbitant involuntary payments for a commodity that one simply cannot live without. Wall Street gambled, you paid the big number, and what they ended up doing with some of that money you lost is the most amazing thing of all. They got America—you, me, Priscilla Carillo, Robert Lukens—to pawn itself to pay for the gas they forced us to buy in the first place. Pawn its bridges, highways, and airports. Literally sell our sovereign territory. It was a scam of almost breathtaking beauty, if you’re inclined to appreciate that sort of thing.

This person sees not her own hand depositing the next dollar in a slot machine, but the hand of fate, or God. It’s her true conviction that there are forces at work for her to win a large jackpot— or at least to win back the money lost. After all, the only-for-show pictures of fruit had almost aligned with one another the last couple spins.

Move aside Ebola, smallpox, and AIDS; make room for narcolepsy. I would become shunned and avoided. Perhaps the people at the casino thought that this fatigue disease was contagious. Just because I yawn and you yawn shortly after doesn’t mean that you have suddenly been infected with narcolepsy. It would be silly if they had in fact thought this.

My casino experience is to someone else their experience with their employer, of how the company has elected to behave solely for greed, profits, and spite. But we shouldn’t give up hope in such situations. We have an obligation to separate the justices from the injustices. We should hold these corporate neighbors accountable for the wrongs that they commit. Someone has to.

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.

When you gamble- you win some and you lose some, but you know that the reality is, the odds are in favor of the house. You don't sense it happening. But you know its true because the casinos remain. They continue to exist. The same can be said of love, because the odds are that eventually, love will attract love. You might not sense it happening. But you know its true because we remain. We continue to exist.

The secret is this: people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots. They want to know they matter. They may brag about the nights they won, the money they took from the casino, but they treasure, secretly treasure, the times they lost. It’s a sacrifice, of sorts. The

Lansky was also instrumental in bringing mob groups into the world of gambling, helping set up casinos in the Caribbean that would be utilized to wash the money generated by their various vices and rackets. Perhaps most important of all was that Lansky had also helped develop the use of a complex banking network, which he adopted in an effort to avoid the fate of Al Capone. After all, Capone had not been taken down for murder or extortion, but for tax evasion.

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.

She did not press me to do so, she had often said that as she got older she took what she could of life but expected little. Then I was gone. Every time I was tempted to go to her I went to the Casino instead and watched some fool humiliating himself at the tables. I could gamble on another night, reduce myself a little more, but after the tenth night would come the eleventh and the twelfth and so on into the silent space that is the pain of never having enough. The silent space full of starving children. She loved her husband.

After my shower, I found him shuffling cards he bought at the convenience store we stopped at before the hotel. Grinning, I sat across from him. “You told me that you’re good at cards,” Judd said, recalling my reaction to passing a casino on the drive. “I said I liked cards. I never claimed to be good.” “The only people who like cards are gambling addicts and those who are good at it. You’re not an addict.” “Do you like cards?” I asked while he dealt. “Sure.” “Do you like me?” I asked softly, looking over my cards. Judd never looked up from his hand. “I’m playing cards, ain’t I?

Once an opportunist like Mickey, who took the argument when she jumped on some devastated wretch's machine and jackpotted that it was the "cash-ino's money" she was winning, Moon returned after her six month break with the view that the separation had somehow sweetened the honeypot. The sad reality, she quickly learned, was that she was not irreplaceable; as such, the Casino felt no compunction to welcome her back with multi-jackpots. Instead, it took her money everyday and did not once give her a jackpot so that she could say, "Ah. They missed me." Instead, all she could keep saying was, "Verr-y bed. Verr-y bed. Suck-ah all my money!

It was clearly the Native American curse on the white man in action. After taking their land and converting everything that was holy and good into money, the white man became aged and foolish and then gambled all that money away at Native American casinos. The power of this magic was indisputable and in evidence all around me. Senior citizens chain smoked and dumped money into the machines, staring with eyes that only reacted to the prospect of making a buck from risk and self-destruction. Especially if this were enhanced by the notion of a fate that had their interests in mind in a way loosely connected to their Christian God who usually took their side in racial relations, if history were to be a judge.

JFK asked his brother, Attorney General Robert Kennedy, to break up organized crime. Nobody high-up in government has tangled the Mafia. J. E. Hoover, the hired hands of FBI and CIA, ran the assassination teams. They have been used since World War II. JFK was attempting to end the oil-tax depletion rip-offs, to get tax money from oil companies. JFK instituted the nuclear test ban treaty, often called “the kiss of death,” to oppose the Pentagon. JFK called off the Invasion of Cuba. He allowed Castro to live, antagonized narcotics and gambling, oil and sugar interests, formerly in Cuba. JFK asked his brother, Attorney General Robert Kennedy, to break up the CIA, the “hidden government behind my back.” Allen Dulles was fired. Dulles, the attorney for international multinationals, was angry. JFK planned to withdraw troops from Vietnam after the 1964 elections. Nov. 24, 1963, two days after JFK’s burial, the Pentagon escalated the Vietnam war … with no known provocations, after JFK was gone. There was no chance Kennedy could survive antagonizing the CIA, oil companies, Pentagon, organized crime. He was not their man. The assassination of JFK employed people from the Texas-Southwest. It was not a Southern plot. Upstarts could not have controlled the northern CIA, FBI, Kennedy family connections. This was a more detailed, sophisticated conspiracy that was to set the pattern for future murders to take place. The murder was funded by Permindex, with headquarters in Montreal and Switzerland. Their stated purpose was to encourage trade between nations in the Western world. Their actual purpose was fourfold: 1) To fund and direct assassinations of European, Mid-East and world leaders considered threats to the western world, and to Petroleum Interests of their backers. 2) Provide couriers, agents for transporting and depositing funds through Swiss Banks for Vegas, Miami and the international gambling syndicate. 3) Coordinate the espionage activities of White Russian Solidarists and Division V of the FBI, headed by William Sullivan. 4) Build, acquire and operate hotels and gambling casinos. See: Nomenclature of an Assassination Cabal, by William Torbitt.

A gambler must think of three main quantities, stake, odds, and prize. If the prize is very large, a gambler is prepared to risk a big stake. A gambler who risks his all on a single throw stands to gain a great deal. He also stands to lose a great deal, but on average high-stake gamblers are no better and no worse off than other players who play for low winnings with low stakes. An analogous comparison is that between speculative and safe investors on the stock market. In some ways the stock market is a better analogy than a casino, because casinos are deliberately rigged in the bank's favour (which means, strictly, the high-stakes players will on average end up poorer than low-stake players; and low-stake players poorer than those who don't gamble at all.

In the years immediately following our assumption of power many people were of the opinion that inflation was inevitable. The only ones who appreciated our policy were the workmen. For years I had been telling them : Your wages can only rise in proportion to the increase in your productivity. The less money a man has, the more common-sense he shows. The richest people are the least reasonable, and some are so stupid that they become misers! This tendency is generally corrected by the sons, who fling the money away with both hands. For this reason we must see to it that the gaming-tables are not done away with; casinos are marvellous institutions, and we must say to everyone with too much money : Gome on, you people, come and gamble! The whole of life is one perpetual hazard, and birth is the greatest hazard of them all. Every parent knows that his son is the most intelligent baby born, even after the first week : one tells that, of course, from the child's weight.

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?

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

By his early-twenties, John F. Kennedy was living one of the most extraordinary young American lives of the twentieth century. He traveled in an orbit of unprecedented wealth, influence, global mobility, and power. As a student and as diplomatic assistant to his father, who served as U.S. ambassador to the United Kingdom from 1938 to 1940, Kennedy journeyed to England, Ireland, France, Moscow, Berlin, Beirut, Damascus, Athens, and Turkey, pausing briefly from a vacation on the French Riviera to sleep with the actress Marlene Dietrich. He met with top White House officials and traveled to Cuba, Rio de Janeiro, Buenos Aires, Santiago, Peru, and Ecuador. He gambled in a casino in Monte Carlo; visited Naples, Capri, Milan, Florence, Venice, and Rome; rode a camel at the Great Pyramid at Giza; attended the coronation of Pope Pius XII; and witnessed a rally for Italian dictator Benito Mussolini. He recalled of these momentous years, 'It was a great opportunity to see a period of history which was one of the most significant.' In a visit to British-occupied Palestine, Kennedy recalled, 'I saw the rock where our Lord ascended into heaven in a cloud, and [in] the same area, I saw the place where Mohammed was carried up to heaven on a white horse.

The day-to-day horror of writing gave me a notion of tournament time. Writing novels is tedious. When will this book be finished, when will it reveal its bright and shining true self? it takes freakin’ years. At the poker table, you’re only playing a fraction of the hands, waiting for your shot. If you keep your wits, can keep from flying apart while those around you are self-destructing, devouring each other, you’re halfway there. … Let them flame out while you develop a new relationship with time, and they drift away from the table. 86-7 Coach Helen’s mantra: It’s OK to be scared, but don’t play scared. 90 [During a young adult trip to Los Vegas] I was contemplating the nickel in my hand. Before we pushed open the glass doors, what the heck, I dropped it into a one-armed bandit and won two dollars. In a dank utility room deep in the subbasements of my personality, a little man wiped his hands on his overalls and pulled the switch: More. Remembering it now, I hear a sizzling sound, like meat being thrown into a hot skillet. I didn't do risk, generally. So I thought. But I see now I'd been testing the House Rules the last few years. I'd always been a goody-goody. Study hard, obey your parents, hut-hut-hut through the training exercises of Decent Society. Then in college, now that no one was around, I started to push the boundaries, a little more each semester. I was an empty seat in lecture halls, slept late in a depressive funk, handed in term papers later and later to see how much I could get away with before the House swatted me down. Push it some more. We go to casinos to tell the everyday world that we will not submit. There are rules and codes and institutions, yes, but for a few hours in this temple of pure chaos, of random cards and inscrutable dice, we are in control of our fates. My little gambles were a way of pretending that no one was the boss of me. … The nickels poured into the basin, sweet music. If it worked once, it will work again. We hit the street. 106-8 [Matt Matros, 3x bracelet winner; wrote The Making of a Poker Player]: “One way or another you’re going to have a read, and you’re going to do something that you didn’t expect you were going to do before, right or wrong. Obviously it’s better if you’re right, but even if you’re wrong, it can be really satisfying to just have a read, a feeling, and go with it. Your gut.” I could play it safe, or I could really play. 180 Early on, you wanted to stay cool and keep out of expensive confrontations, but you also needed to feed the stack. The stack is hungry. 187 The awful knowledge that you did what you set out to do, and you would never, ever top it. It was gone the instant you put your hands on it. It was gambling. 224

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.

Leadership literature promotes envy with false promises. Casinos and lotteries encourage gambling with two messages: first, you, too, can win buckets of money, and, second, this is only possible if you gamble. Most gamblers and lottery ticket consumers do not win but lose. The truth is: “You can be a loser too.”12 When leadership books dwell on five-star generals, corporation executives, metropolis mayors, and megachurch CEOs, the implicit promise is like gambling: you can only win if you enter the game, and you, too, might hit the big time. But the majority of people, no matter how talented, motivated, and connected, will never be generals, executives, mayors, or megachurch pastors.

…American men actually engage most in hunting and fishing. The desire of men in wealthy societies to re-create the food-gathering conditions of very primitive people appears to be an appropriate comment on the power of the hunting drives discussed earlier. Not only is hunting expensive in many places – think of the European on safari in Africa – but it is also time-consuming, potentially dangerous, and frequently involves considerable personal discomfort. Men do it because it is ‘fun’. So they say, and so one must conclude from their persistent rendition of the old pattern. What is relevant from our point of view is that hunting, and frequently fishing, are group activities. A man will choose his co-hunters very carefully. Not only does the relative intimacy of the hunt demand some congeniality, but there is also danger in hunting with inept or irresponsible persons. It is a serious matter, and even class barriers which normally operate quite rigidly may be happily breached for the period of the hunt. Some research on hunters in British Columbia suggests the near-piety which accompanies the hunt; hunting is a singular and important activity. One particular group of males takes along bottles of costly Crown Royal whisky for the hunt; they drink only superior whisky on this poignant re-creation of an ancient manly skill. But when their wives join them for New Year's celebrations, they drink an ordinary whisky: the purely formal and social occasion does not, it seems, merit the symbolic tribute of outstanding whisky. Gambling is another behaviour which, like hunting and sport, provides an opportunity in countless cultures for the weaving of and participation in the web of male affiliation. Not the gambling of the London casino, where glamorous women serve drinks, or the complex hope, greed, fate-tempting ritual, and action of the shiny American palaces in Nevada, and not the hidden gambling run by racketeers. Rather, the card games in homes or small clubs, where men gather to play for manageable stakes on a friendly basis; perhaps – like Jiggs and his Maggie – to avoid their women, perhaps to seek some money, perhaps to buy the pleasant passage of time. But also to be with their friends and talk, and define, by the game, the confines of their intimate male society. Obviously females play too, both on their own and in mixed company. But there are differences which warrant investigation, in the same way that the drinking of men in groups appears to differ from heterosexual or all-female drinking; the separation of all-male bars and mixed ones is still maintained in many places despite the powerful cultural pressures against such flagrant sexual apartheid. Even in the Bowery, where disaffiliated outcast males live in ways only now becoming understood, it has been noted that, ‘There are strong indications that the heavy drinkers are more integrated and more sociable than the light. The analytical problem lies in determining whether socialization causes drinking or drinking results in sociability when there is no disapproval.’ In the gentleman's club in London, the informally segregated working man's pub in Yorkshire, the all-male taverns of Montreal, the palm-wine huts of west Africa, perhaps can be observed the enactment of a way of establishing maleness and maintaining bonds which is given an excuse and possibly facilitated by alcohol. Certainly, for what they are worth in revealing the nature of popular conception of the social role of drinking, advertisements stress the manly appeal of alcohol – particularly whisky – though it is also clear that there are ongoing changes in the socio-sexual implications of drinking. But perhaps it is hasty to regard the process of change as a process of female emancipation which will culminate in similarity of behaviour, status, and ideals of males and females. The changes are still too recent to warrant this. Also, they have been achieved under sufficiently self-conscious pressure...

Casinos were nothing new for Edmonton. Outside of Nevada, the city had more gambling space per capita than any other city in North America, a fact that some people in the chamber of commerce liked to celebrate, while others didn’t.

I’d heard that the casinos were less happy with the level of gambling. Turns out nerds understand probability.

in a rising price environment, party culture and a gambling mindset take over. People think it is easy to make money, and it is fun. The stock market is a big giant casino where the odds are in favor of gamblers. The more you play, the more you win. However, the facts are precisely the opposite.

Mathematically, interruptions didn’t matter, because my lifetime of playing was just one long series of hands, and chopping it into sessions and playing them at various times and in various casinos should not affect my edge, nor the long-run amount I could expect to win. This principle applies in both gambling and investing.

1. The casino spent hundreds of millions of dollars on gambling theory and high-tech surveillance while the bulk of their risks came from outside their models. All this, and yet the rest of the world still learns about uncertainty and probability from gambling examples.

Just as sensible gamblers take, say, $100 down to the casino floor and leave the rest of their money locked in the safe in their hotel room, the intelligent investor designates a tiny portion of her total portfolio as a “mad money” account. For most of us, 10% of our overall wealth is the maximum permissible amount to put at speculative risk. Never mingle the money in your speculative account with what’s in your investment accounts; never allow your speculative thinking to spill over into your investing activities; and never put more than 10% of your assets into your mad money account, no matter what happens. For better or worse, the gambling instinct is part of human nature—so it’s futile for most people even to try suppressing it. But you must confine and restrain it. That’s the single best way to make sure you will never fool yourself into confusing speculation with investment.

Are there any people under the age of 40 who have ever thought markets were something besides a casino? Meme trades aren’t the cause of widespread distrust, they’re the symptoms of it. And those people under 40 who think finance is for gambling? They’re the lucrative part of Robinhood’s user base. Legal issues aside, it seems like Robinhood has a good business model for monetizing financial nihilism—which is the kind of thing investors might get excited about.

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

You don’t think white people have money?” Michael said, jabbing at Martinez with a chicken wing. “Some do, but they don’t throw it away in the casinos. Gambling is an Asian obsession

Life's a gamble and nobody knows the odds.

Just as the gambling industry wants people to think they can beat the casino, the investment industry wants investors to think they can beat the market.

companies have borrowed models from gambling design in order keep us on our devices (like the casino’s model to keep players in front of slot machines). Using rewards—providing a sense of mission, offering buzzes and beeps that cue our hormonal system, meeting the felt need for companionship, and more—they’ve mastered the science of keeping us glued to our screens.

There is scarcely a book of mine that didn't have The Pigeon Tunnel at some time or another as its working title. Its origin is easily explained. I was in my mid-teens when my father decided to take me on one of his gambling sprees to Monte Carlo. Close by the old casino stood the sporting club, and at its base lay a stretch of lawn and a shooting range looking out to sea. Under the lawn ran small, parallel tunnels that led in a row to the sea's edge. Into them were inserted live pigeons that had been hatched and trapped on the casino roof. Their job was to flutter their way along the pitch-dark tunnel until they emerged in the Mediterranean sky as targets for well-lunched sporting gentlemen who were standing or lying in wait with their shotguns. Pigeons who were missed or merely winged then did what pigeons do. They returned to the place of their birth on the casino roof, where the same traps awaited them. Quite why this image has haunted me for so long is something the reader is perhaps better able to judge than I am.

at gambling, the deadly sin is to mistake bad play for bad luck.

The secret is this: people gamble to lose money. They come to the casinos for the moment in which they feel alive, to ride the spinning wheel and turn with the cards and lose themselves, with the coins, in the slots. They may brag about the nights they won, the money they took from the casino, but they treasure, secretly treasure, the times they lost. It’s a sacrifice, of sorts.

For most of his adult life Coleman Young has been a progressive and militant. Quick-witted, fearless, and feisty, he had distinguished himself as an organizer for the National Negro Labor Council and the National Negro Congress and had become a hero in the black community after he accused the House Un-American Activities Committee itself of being Un-American. Coleman was so bright and so sharp that had he not been black, the idea of him sitting in the Oval Office in the White House would not have seemed far-fetched. But his past had not prepared him for the kind of crisis that today’s cities are in. Having received most of his political education in left-wing circles, he took pride in reducing everything to economics and in minimizing human and social relations. He seemed to think that this added to the image, which he has consciously cultivated, of a hard-nosed, streetwise radical who is always realistic, can’t be pushed around, and doesn’t care what white middle-class people think of him. “Education, drugs, homelessness, unwed mothers, crime, you name it… every social issue is about jobs,” he has written in his autobiography. “Jobs built Detroit, and only jobs will rebuild it.”2 No longer able to count on the industrial corporations for jobs, Young had no hesitation about turning to casino operators. Any jobs would do, even if these jobs were created by a crime-producing industry like casino gambling. To defeat the newest proposal for casino gambling, Jimmy, Shea, and I joined a coalition of community groups, blue collar, white collar, and cultural workers, clergy, political leaders, and

Our concern,” Jimmy wrote in the DU brochure, is with how our city has been disintegrating socially, economically, politically, morally and ethically. We are convinced that we cannot depend upon one industry or any large corporation to provide us with jobs. It is now up to us—the citizens of Detroit—to put our hearts, our imaginations, our minds, and our hands together to create a vision and project concrete programs for developing the kinds of local enterprises that will provide meaningful jobs and income for all citizens. To engage Detroiters in the creation of this vision, DU embarked on a campaign for open government in the city, issuing a series of leaflets calling on citizens to examine the whole chain of developer-driven megaprojects with which Young had tried and failed to revive the city (including Poletown and the People Mover) and to assume responsibility for envisioning and implementing alternative roads of development based on restoring neighborhoods and communities. During the debate over casino gambling Young had challenged his opponents to come up with an alternative, accusing us of being naysayers without any solutions of our own. Jimmy welcomed the challenge. There was nothing he liked better than using crisis and breakdown as an opportunity for renewal and transformation. His forte was devising solutions that were visionary and at the same time so down-to-earth that people could almost taste them. For more than fifteen years he had been writing and talking about the crisis developing in our cities and the need to redefine work, especially for the sake of our young people. In October 1986, at a meeting in Oakland, California, which the Bay Area NOAR sponsored to present “a vision of 21st century neighborhoods and communities,” Jimmy had declared that it was now “idealistic” to expect the government or corporations to do the work that is needed to keep up our communities and to provide for our elementary safety and security. Multinational corporations and rapid technological development have turned our cities into graveyards. “Efficiency in production,” he argued, “can no longer be our guiding principle because it comes at the price of eliminating human creativity and skills and making millions of people expendable.” He continued: “The residue of the last 100 years of rapid technological development is alienation, hopelessness, self-hate and hate for one another, and the violence which has created a reign of terror in our inner cities.

The town will never be the same. After the Tangiers, the big corporations took it all over. Today it looks like Disneyland. And while the kids play cardboard pirates, mommy and daddy dropped the house payments and Junior's college money on the poker slots. In the old days, dealers knew your name, what you drank, what you played - today it's like checking into an airport. And if you order room service, you're lucky if you get it by Thursday. Today it's all gone.

Happy New Year, Cuban Style In Havana, Christmas of 1958 had not been celebrated with the usual festivity. The week between Christmas and New Year’s was filled with uncertainty and the usual joyous season was suspended by many. Visitations among family and friends were few; as people held their breath waiting to see what would happen. It was obvious that the rebel forces were moving ever closer to Havana and on December 31, 1958, when Santa Clara came under the control of “Che” Guevara and Camilo Cienfuegos, the people knew that Havana would be next. What they didn’t know was that their President was preparing to leave, taking with him a large part of the national treasury. Aside from the tourists celebrating at the casinos and some private parties held by the naïve elite, very few celebrated New Year’s Eve. A select few left Cuba with Batista, but the majority didn’t find out that they were without a President until the morning of the following day…. January 1, 1959, became a day of hasty departure for many of Batista’s supporters that had been left behind. Those with boats or airplanes left the island nation for Florida or the Dominican Republic, and the rest sought refuge in foreign embassies. The high=flying era of Batista and his chosen few came to a sudden end. Gone were the police that had made such an overwhelming presence while Batista was in power, and in their place were young people wearing black and red “26th of July” armbands. Not wanting a repeat of when Machado fled Cuba, they went around securing government buildings and the homes of the wealthy. Many of these same buildings had been looted and burned after the revolt of 1933. It was expected that Fidel Castro’s rise to power would be organized and orderly. Although the casinos were raided and gambling tables overturned and sometimes burned in the streets, there was no widespread looting with the exception of the hated parking meters that became symbolic of the corruption in Batista’s government. Castro called for a general “walk-out” and when the country ground to a halt, it gave them a movement time to establish a new government. The entire transition took about a week, while his tanks and army trucks rolled into Havana. The revolutionaries sought out Batista’s henchmen and government ministers and arrested them until their status could be established. A few of Batista’s loyalists attempted to shoot it out and were killed for their efforts. Others were tried and executed, but many were simply jailed, awaiting trial at a later time.

Around $300,000 of the total $600,000 that was raised by Augur's funding team comes from a man named Joe Costello. Costello is a successful tech entrepreneur, known to be one of Steve Jobs' top picks for the new CEO position of Apple itself. Following the smart money isn’t always a dumb idea. Gambling or casino are terms never used by Joey Krug, a young Pomona college dropout, but also Augur's lead developer. He and the small team of just five employees use the term “prediction market.” Due

The major failing was that during the last years of the Batista régime, Cuba became extremely corrupt. Havana became America’s adult playground and tourists were bringing in the “Yankee Dollar.” Construction companies with the right connections were busy building new gambling casinos and hotels. Girly shows, prostitution and gaming became widespread and people in the service industry made a good income. Those people that were involved in politics or supported Batista’s rise in wealth were raking in money beyond their wildest imagination. While the good times rolled, in the Sierra Maestra Mountains things were fermenting and the revolutionaries were gaining strength. Young people throughout the island were becoming actively involved. Older people, tired of the corruption and decadence, silently supported Fidel Castro. They may not have known what was in store for them, but they did know that Batista and his followers had hijacked their country, and they were willing to back the fresh wind blowing down from the mountains. As the revolution heated up, the Policía Nacional and Batista’s spy network headed by the Military Intelligence Service, Servicio de Inteligencia Militar, resorted to torture and executions. The newspapers always cited that the bodies found alongside remote roads, railroad tracks or ditches, were shot by unknown persons. The bombs that were heard exploding at night reminded people that these were not normal times. Political enemies of the régime were rounded up and taken to police detention centers located around Havana. Special tribunals, Tribunales de Urgencia, were set up to deal with these prisoners. Since these jails were under the control of the local police, there was little or no accountability. Notorious police precincts such as the ones commanded by Captains Ventura and Carratalá prided themselves on the torturous pain they could inflict, using extremely imaginative methods. Most Cubans feared the police and it seemed that everyone knew of someone who had fallen into their clutches, many of whom were later found dead.

What do the popular expressions “a swimmer’s body” and “beginner’s luck” have in common? What do they seem to share with the concept of history? There is a belief among gamblers that beginners are almost always lucky. “It gets worse later, but gamblers are always lucky when they start out,” you hear. This statement is actually empirically true: researchers confirm that gamblers have lucky beginnings (the same applies to stock market speculators). Does this mean that each one of us should become a gambler for a while, take advantage of lady luck’s friendliness to beginners, then stop? The answer is no. The same optical illusion prevails: those who start gambling will be either lucky or unlucky (given that the casino has the advantage, a slightly greater number will be unlucky). The lucky ones, with the feeling of having been selected by destiny, will continue gambling; the others, discouraged, will stop and will not show up in the sample. They will probably take up, depending on their temperaments, bird-watching, Scrabble, piracy, or other pastimes. Those who continue gambling will remember having been lucky as beginners. The dropouts, by definition, will no longer be part of the surviving gamblers’ community. This explains beginner’s luck.

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

Examining 15 types of legal gambling, the researchers came to a striking conclusion: Casino gambling had by far the most harmful effects on people at the lower end of the income ladder.

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When you play slots in a casino, you pray and hope for luck with each pull – well, that’s not how investment works. Investing is not a type of gambling you can risk your luck into.

The agency was started by the tribe’s economic development corporation, in an effort to diversify from its gambling casino called “WinnaVegas.” You read this right: Plains Indians publishing Arabic brochures for Nebraskans who are importing machinery from Koreans to be customized by a South Sioux City company for customers in Kuwait.

If you cannot make a phone call or send an e-mail that will directly influence how a company is run, then investing in that company is like gambling at the casino.

Thanks to time differentials and good telephone service, the world money market, unlike stock exchanges, race tracks, and gambling casinos, practically never closes. London opens an hour after the Continent (or did until February 1968, when Britain adopted Continental time), New York five (now six) hours after that, San Francisco three hours after that, and then Tokyo gets under way about the time San Francisco closes. Only a need for sleep or a lack of money need halt the operations of a really hopelessly addicted plunger anywhere.

As part of an orchestrated PR follow-up, a Las Vegas Sun editorial of April 3, 1964, assured us that “Anybody who has been around Nevada very long knows that [casinos welcome] players with a system.” “Edward O. Thorp…obviously doesn’t know the facts of gambling life. There has never been a system invented that overcomes…the advantage the house enjoys in every game of chance.” And for the clincher: “ ‘Dr. Thorp may be qualified at mathematics, but he is sophomoric on gambling,’ is the way Edward A. Olsen, Gaming Control Board chairman, put it.” In a nonconfrontational vein, Gene Evans of Harrah’s Club explained that “…the club believes the player may have a better chance when the deck is shuffled every time, because all the Aces and face cards could come up on each deal.

The irony is that Wall Street, the model of corrupted speculation and inside-trading, always by definition resisting state intervention and regulation, now opposes unfair competition and calls for state regulation . . . As for the accusation from Wall Street that Robinhood is a platform for gambling, suffice it to recall that Elizabeth Warren repeatedly accused hedge funds of using the stock market “like their personal casino.” In short, WSB is doing openly and legally what Wall Street does in secret and illegally.

I didn’t expect to win, since the odds were slightly against me, but as I expected to build a device to successfully predict roulette and had never gambled before, it was time to get casino experience. I knew virtually nothing about casinos, their history, or how they operated. I was like a person who had glanced at recipes but never been in a kitchen.

Ah, how much freer and fun the 70s must have been if the vibe in this casino is reflecting the mood of the 1970s. There it is, the so dangerous nostalgia for a time that I didn't even live through myself. Let's not fall into that trap, let’s get to gambling instead.

Brian: "it wouldn't be called gambling if it was predictable” Kevin: “Practically everything is “predictable” Standard concept of ‘predictability’ just means it is easy to predict

This last one, the sixty-three thousand in the suitcase, had been job number twelve, and the damnedest one of the lot. It had been set up by a guy named Parker, with whom Grofield had worked a couple of times in the past. Off the Texas coast there really was an island with a gambling casino on it. The syndicate boys on the mainland were upset about this casino, since they didn’t own it and couldn’t control it, so they’d financed Parker to rob the place on condition he and his partners wreck it while there. Parker had brought in Grofield and a couple of other guys, and then the job had gotten complicated. By the time it was over, Parker and Grofield were the only ones left, down in Mexico City with the proceeds of the job, Grofield with a bullet in his back.

ads for auto dealerships where you could buy an impractical race car; injury lawyers you could employ to blame the other drivers once you crashed that race car; casinos where you could gamble away the money you won from the injury lawsuits. The great circle of life.

Could there exist true happiness in a marriage when the man is the only one who can regularly exercise his free will and satisfy his desires, without caring whether or not his wife agrees? Accustomed to the passive obedience of women, he does not bother to find out whether or not she is satisfied with his conduct. And if she is not, he does not attempt to please her, nor to adapt his conduct to a new way of life. How can the holy priestess of the hearth preserve the sacred fire of love in the home when she has to officiate alone? Where is the principal object of her devotion? Look for him outside the home at those times when he should be at the side of his companion. Will a solid foundation for domestic happiness be established by this behavior? No. Men have the right to do or undo, without his companion. He goes to a masked ball or not, to the casino, to gamble, or chases other women.... and meanwhile, poor woman! A sad scenario for domestic bliss! She is subjected to a sad solitude for days and nights on end, orphaned of love, of sweet attentions and joys while the above-mentioned companion gambles, dances... or falls in love.

...Those who led us to indebtedness gambled as if in a casino. As long as they had gains, there was no debate. But now that they suffer losses, they demand repayment. And we talk about crisis. No, Mister President, they played, they lost, that’s the rule of the game, and life goes on. We cannot repay because we don’t have any means to do so. We cannot pay because we are not responsible for this debt. We cannot repay but the others owe us what the greatest wealth could never repay, that is blood debt. Our blood had flowed. We hear about the Marshall Plan that rebuilt Europe’s economy. But we never hear about the African plan which allowed Europe to face Hitlerian hordes when their economies and their stability were at stake. Who saved Europe? Africa. It is rarely mentioned, to such a point that we cannot be the accomplices of that thankless silence. If others cannot sing our praises, at least we must say that our fathers had been courageous and that our troops had saved Europe and set the world free from Nazism.

That’s true. What if I told you I owned every casino, backstreet dealing, and bookie in the city?” he questions, blocking the door, his arm outstretched. “Then I would tell you that you have a gambling problem.” “Or maybe I just like to win,” he murmurs

...because casinos are really good at taking people's money and making them feel worse than they did when they walked in, they offer live entertainment to medicate the malaise. Or lessen the blow.

Cravings differ from person to person. In theory, any piece of information could trigger a craving, but in practice, people are not motivated by the same cues. For a gambler, the sound of slot machines can be a potent trigger that sparks an intense wave of desire. For someone who rarely gambles, the jingles and chimes of the casino are just background noise. Cues are meaningless until they are interpreted. The thoughts, feelings, and emotions of the observer are what transform a cue into a craving.

owed everything to his friends in New York. They had controlled Vegas; they intended to control Indian gambling. They needed this casino. He needed this casino. His cut would buy his independence.

With gambling or investing, if your gains are quick and easy, you will tend to keep the money in a separate mental account. So, if you subsequently lose it, you won't feel as upset as you'd think if you lost the money you brought to the casino. Yet, they are both pots of currency.

You can still see the old Balinese Room extending out over the Gulf. Though no gambling has gone on for years, the B-Room hosted the biggest names in show business, and highest-rolling gamblers. It was almost impossible to raid because the casino area, where the illegal activity took place, was situated on the T-head of the long narrow pier. When raiding parties of Texas Rangers appeared, someone up front pushed a button, the band struck up “The Eyes of Texas,” and the gambling paraphernalia folded into the walls like Murphy beds.

I encourage you to make a careful study of your worry habits. I’ve seen a lot of lives change, including my own, when people drop their addiction to worry. And yes, worry is definitely an addiction. In fact, worrying is like playing a slot machine in a gambling casino. Occasionally the worrier will hit the jackpot and be rewarded for something that actually happens. If you worry long enough about the stock market crashing, you’ll eventually hit the jackpot, because from time to time it’s always going to crash.

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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.

A person who cannot hear what the Lord says, will not be able to obey Him. It is like gambling in a casino; you rely on chance and not truth

Part of the excitement for the tourist was his feeling that he had crossed the moral boundary of society as be crossed the threshold of a gambling casino. The fact that the reputable casinos were operated on a code of honesty more rigid than in any bank made no difference.

I am unable to name a single one who started his success from such a source (gambling at the casino).

Differences in information and judgment are precisely what creates the possibility of gain in the market. These differences, and the ability to trade on them, are what distinguish a market where goods and services are allocated, and their value determined, from a gambling casino or a lottery. Presumably not even the government wanted to turn our securities markets into pure games of chance.

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.

On the one hand, the defense of machine gambling by libertarians, as well as the industry’s own portrayal of it as free-spirited gaming, assumes an autonomous subject capable of acting in his own self-interest. On the other hand, the machines and every aspect of the casino environment are deliberately engineered to induce people to play “to extinction.

Creativity is like a casino. Every time an artist takes to their calling, it's a gamble. Smiles can come. Sighs can come. Controversy can come. Expanding one's own vision can come in the blink of an eye or flicker of a voice. Artists are alchemists of sight, sound, touch and grabbing the balls of an audience. They mix sweet, sour, spice, joy, pain, pleasure and adversity in varied cauldrons. In the end, these men and women are the wizards of humanity's primal elixir. There is love. There is hate. There are scattered nerves splashed upon canvas, paper, screen, film. Jackpot is the reflection in our own souls." - A.H. Scott. 5/11/12

In every other game in a casino—and in games of perfect information like chess and Go—you simply must have the best of it to win. No other way is possible. And that, in a nutshell, is why poker is a skilled endeavor rather than a gambling one.

Worry is definitely an addiction. In fact, worrying is like playing a slot machine in a gambling casino. Occasionally, the worrier will hit the jackpot and get "rewarded" for something that actually happens. If you worry long enough about the stock market crashing, you'll eventually hit the jackpot, because from time to time it's always going to crash

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For a gambler, the sound of slot machines can be a potent trigger that sparks an intense wave of desire. For someone who rarely gambles, the jingles and chimes of the casino are just background noise. Cues are meaningless until they are interpreted.

For a gambler, the sound of slot machines can be a potent trigger that sparks an intense wave of desire. For someone who rarely gambles, the jingles and chimes of the casino are just background noise. Cues are meaningless until they are interpreted. The thoughts, feelings, and emotions of the observer are what transform a cue into a craving.

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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

The drugs we use to treat Parkinson’s disease are indiscriminate, flooding the brain with dopamine without consideration to the delicate balance of the basal ganglia. A side effect of some of these dopaminergic drugs is a sort of hedonism, a compulsion to engage in addictive behaviors—sex, eating, gambling, shopping. The patients described in early reports on this phenomenon were nurses and pastors, computer programmers and car dealers. They were middle-aged and happily married before they began treating their Parkinson’s disease. Like the rats who learned to pull a lever for a rush of dopamine, they favored slot machines for the immediate payoff. After starting a dopaminergic medication, one patient reported that he felt an “incredible compulsion” to gamble, even when he “logically knew it was time to quit.” One sixty-eight-year-old man lost hundreds of thousands of dollars at casinos over six months, gambling for days at a time; his compulsion to gamble stopped entirely six months after stopping his medication. Another man gained fifty pounds and developed an addiction to pornography that stopped a month after he stopped his medications.

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Poor money management is like gambling at a casino because, over time, the house always wins.

In a game, there is a main character raised within American culture: he speaks in slang, lives for sex and pleasure, feels "successful" if the opposite sex chases after him, shows off by driving cars and motorcycles, obtains respect if he buys a yacht, worships money and wealth, has numerous tattoos and ornaments, spends his nights in clubs and casinos, feels "powerful" when he holds a gun, makes racist jokes, swears in every sentence, thinks and acts like he is at the center of the universe, and so on. Even if this game is produced in the United States, due to the fact that the whole world has now been made interconnected and interdependent, it easily spreads and influences other unconscious peoples. A child in Jakarta, Stockholm, or Prague begins to use the exact same sayings and do the exact same actions born of Brooklyn streets, Californian frat parties, and Los Angeles gambling centers. The result is that even the culture of a completely different country on the other side of the world ends up becoming American; the narrator in the game becomes the very thing children dream of, teenagers chase after, and adults turn into reality.

Charles Madison, New York’s newest senator, our new knight draped in a power suit and an American flag pin. If we want smooth operations over the next few years, we need to win this guy over. Zoning permissions, development approvals, casino gambling tax laws—he’s got it all in his pocket.

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Sports betting today bears little resemblance to the smoke-filled sportsbooks tucked inside Las Vegas casinos. Players can bet on almost everything, from how the Jacksonville Jaguars will do next season (probably poorly) to the speed of the next pitch or which team will score the next basket. Online sports betting offers almost no friction, providing little to encourage players to slow down and take stock of their play. Instead, the apps present an endless stream of action at the touch of a button.

Modern sports betting is so dangerous specifically because it is available online. Sports betting today bears little resemblance to the smoke-filled sportsbooks tucked inside Las Vegas casinos. Players can bet on almost everything, from how the Jacksonville Jaguars will do next season (probably poorly) to the speed of the next pitch or which team will score the next basket. Online sports betting offers almost no friction, providing little to encourage players to slow down and take stock of their play. Instead, the apps present an endless stream of action at the touch of a button. “I don’t think I would’ve ever gotten into it if I couldn’t do it online,” Kyle noted, recalling how carefully he has bet each of the handful of times he has been to a casino. He compared these trips to his all-night betting sessions chasing losses with four-figure bets on minor-league British darts. The online accessibility was “everything.

Gradually his wagers got bigger, as he needed to gamble more money to have the same thrill that he had once gotten from just $5. And because he was betting digitally, the “money never felt real.” Scholars have documented that casino chips help dissociate gamblers from the size of their bets, encouraging them to act more liberally than they ever would with cash. Smartphones take this dissociation to a whole new level.

Parlay bets are the combination of at least two wagers. A parlay wager might include a bet that a baseball team will win, the pitcher will record at least three strikeouts, and the catcher will hit a home run. The possibilities are endless, and the added bets don’t all have to come from the same game or even the same sport. The upside is that, with each additional component, the payout rate goes up. The downside is that parlays are all or nothing: If a single leg of the parlay misses, the whole bet loses, so adding more lines to the parlay drastically reduces the odds of winning. The result is pure excitement. “A parlay is sort of like poppers mixed with molly mixed with cocaine mixed with a heart condition,” journalist Anthony Schneck writes. The excitement factor is offset by the fact that parlays are simply a dumb way to bet for the vast majority of gamblers. Between 1989 and 2023, casinos kept roughly five cents for every dollar bet on non-parlay sports bets and thirty-one cents for every dollar bet on parlays; still, parlays are hugely popular among amateur bettors, especially in the United States. In the age of cryptocurrency and GameStop, these gamblers want to multiply their money many times over, and they want to do it quickly. So they turn to parlays, which represent the jackpotification of sports betting, the transformation of sports betting slips into lottery tickets.

His gambling routine was blessedly interrupted in March 2020, when professional sports shut down amid the onset of the COVID-19 pandemic. But before too long, Korean baseball came back, followed by tennis. Because he was working from home, he could have sports on all the time. It was like an “NCAA Tournament every day, every week.” Not knowing any other bookies, Andrew turned to the two largest offshore, online sportsbooks: Bovada.lv and BetOnline.ag. Both offer a wide array of sports betting options, as well as casino games and poker. BetOnline consistently accepts credit cards, which only sometimes worked on Bovada. For the latter, Andrew would deposit money into cryptocurrency exchange Coinbase, purchase Bitcoin, and immediately deposit the Bitcoin into Bovada, where it was converted into cash he could use to gamble. On the offshore sportsbooks, Andrew resumed his normal betting routine. But once he started gambling with credit cards, he began racking up significant debt.

As I walked into the casino committing suicide was the very last thing on my mind. Yet twelve hours later it was the only thing on my mind.

Another trait that gamblers possess is optimism. All gambling episodes begin with the positive belief that this time they just might win. Optimists generally don't prepare themselves to consider suicide. On the day that I walked into the casino on that day that led to my high-speed search for a concrete wall, I was happy, excited, looking forward to playing the slots.

A little past 4 on a January morning in 2005, I dragged myself out of a casino north of Seattle after twelve straight hours on a slot machine, pushing the play button as fast as I could until I had lost all my money. I got into my truck and sat in the parking lot for several minutes. I finally decided that I would take the one path that absolutely guaranteed I would never gamble again. I unclipped my seatbelt, pulled out onto the I–5 freeway, and pushed the accelerator of my ten-year-old F-150 to the floor. To my surprise within a minute or two I was doing 110 mph. My goal was to find a solid concrete bridge abutment and plow into it head-on.

Gambling suicides are also frequently impulsive. My attempt to find a concrete wall to splatter myself on is, unfortunately, quite common for compulsive gamblers. I've had many conversations with other gamblers who tell the same story — looking for something to smack into on the way home from the bad beat at the casino.

I want to address something here specifically about the intersection of mindfulness and slot machine addiction. Remember that mindfulness is a practice that helps you be in the present, that helps you shut off the guilt and shame of the past and shut out the thoughts of fear and anxiety about the future. Mindfulness asks us to live in the present because the present is the only thing we can control.

Unlike most other addictions and disorders, gambling most often is done in secret.

I would assert, and I know this personally from years of living with it, that the shame of not being able to quit, of being too weak to stop, of being unable to do the right thing, unable to do the thing that everyone else that I know could easily do - that weakness, that level of shame changes your life. You can deal with the financial losses, and you can even deal with the lies (they have a short half-life, either you get away with it, or you apologize and say you won't do it again). But the shame, guilt, and loss of respect for yourself when you can't make yourself stop, that awful sinkhole of personal failure, never goes away.

At some point in the recovery process, the addicted gambler will learn that they have an addiction, that their brain has been compromised by their gambling behavior, and that it is now preventing them from stopping that behavior. That knowledge will help a little to reduce the shame. The problem that still exists is that your friends and family likely don't know you have an addiction, or they don't really understand what that means. You know that they are judging you, you still feel the helplessness of that judgment, and yet you still don't really understand why you can't stop. It gets even worse. In order to justify your new reality that you can't quit, that you have an addiction, the thing that will irrefutably prove your inability to quit, and that will show to others that you do, in fact, have an addiction, is to continue to gamble. You can then say with confidence to your therapist or family, I have an addiction! I went to the casino again, I can't stop. Because if I do simply stop, I wouldn't have this inability to stop. My addiction excuse would disappear, and I would have to go back to knowing that I'm stupid and weak and immoral for all the gambling I have done. So, in order to not feel weak, stupid and immoral, I'll run with that addiction idea and just keep on gambling! This is where Dr. Linehan's concept of Radical Acceptance can be very powerful for addicted gamblers. It is a way out of the negative spiral described in the previous paragraphs. Don't get stuck in the guilt and shame cycle. Accept that those things are in your past, cannot be changed, and need to be understood simply as what you've done, not who you are. Then you can move on to finding solutions for your goal of changing future behavior, for your goal of living a gambling free life.

Do not confuse acceptance (or forgiveness) with "acceptable". What we have done - the gambling, lies, deceptions, etc. - is not acceptable. Radical acceptance simply means that yes, you did all those things. You gambled and lied and deceived - all of that happened, and you now accept your prior behavior as fact. Beyond acceptance comes forgiveness.

Most of us are compassionate people. We are often compassionate to others, but seldom with ourselves. Do you think it might be time, as you work toward your recovery, to forgive yourself? What would that mean to you? Could that possibly free you up and give you strength to focus on your future in a more positive fashion?

In the 12-step program, the reason you are successful in recovery is because you stopped trying to impose your willpower on your addiction and have instead turned your recovery over to a higher power. But if our personal willpower is unable to conquer our addiction, then how do you explain all the people who are in long-term recovery who don’t believe in a higher power? How did they recover? Fortunately, there are many paths to dealing with addiction that don’t involve a higher power.

Your mission, if you chose to accept it, is to understand, fight and ultimately defeat your urge to go gamble. Here’s a bold statement: If you can win these battles, you will stop gambling. What would happen if every time you got that strong urge to go gamble you fought it, wrestled it to the ground, stomped on its throat till it croaked and then kicked it into the gutter? Seriously, how fun would that be? How good would that feel?

Think of the 10,000 suicide victims last year who might still be alive today if they had won that battle with their urge on their fateful day. Believe this: This next urge might be your life-or-death battle. You need to win it. Prepare. Arm yourself. Fight as if your life depended on it. Because it does. What follows are your weapons in this fight.

Urges are a normal part of your recovery. They will always be with you in one form or another. Just as what we are instructed to do during mindful meditation, when we have thoughts, and we accept them just as thoughts, and then we let them pass, simply accept the urge as an urge and as something that is normal during your recovery, and then mindfully allow it to slip away. Urges have a very short half-life — they will lose their power over you in less than a half-hour. Know that it will pass if you can just wait a while.

You experience an urge (as I have been all week while writing this chapter), then you step back, both metaphorically and literally, and say to yourself, “I’m having an urge that makes me want to go gamble.” Then you pause. Then you again step away a few more paces and say to yourself, “Now I’m noticing that I’m having a thought that creates an urge and makes me want to go gamble.

Compulsive slot machine playing, i.e., sitting on that ugly stool, pushing that stupid button for eight hours without a break, does the same thing as mindfulness! Mindfulness asks us to be acutely aware of our current surroundings, of the sights and sounds right in front of us. I can think of no activity, including mindful meditation, that has us slot machine addicts focused so intently on the sights and sounds in the present moment as when we compulsively play a slot machine. And while most people can meditate for several minutes (some even up to an hour or more), us slot machine addicts can push that button for many hours without a break, all the while very mindfully aware of the present sights and sounds. This is why the treatment professionals call slot machine addiction "escape gambling". This is why those evil machines have such a hold on us. When we sit down on that stool pushing that button, we know we will enter another world, a world outside of our day-to-day existence, outside of that day-to-day world that is too often full of confusing and painful thoughts. In the slot machine world, our focus becomes completely involved with the machine - the visuals, the sounds, the anticipation of a win. There is no room what-so-ever for any other thought to intrude into our consciousness. We are totally in the present (for however long it takes to lose all our money). Mindfulness by machine addiction.

If you can eliminate the need for escaping from your negative thoughts, you can eliminate the need to gamble. Make that your quest.

Addicted gamblers carry a substantial burden of shame and guilt. Unlike most other addictions and disorders, gambling most often is done in secret; and in order to keep their addiction secret, gamblers will lie, deceive, and steal. Not only are they ashamed about gambling, and losing money, they are even more shamefully about all the lies and deceptions that they constantly need to employ with their family and friends.

Seven states have legalized iGaming — online casino games like slot machines and blackjack. From personal experience, these games are terrifying in how addictive they are. They offer much better margins than sports betting, so major gambling companies will leverage their sportsbooks to dominate this market, just as they leveraged DFS to dominate sports betting. While sports betting can be tweaked to be made safer, iGaming needs to be stopped in its tracks until it can be proven that the games are designed with player safety in mind. And even these games are just the beginning, as young people are caught up in a range of online gambling-adjacent activities, from stock trading and cryptocurrency to video-game skin gambling and loot boxes.

Compulsive gamblers are fantastic liars because they can be relentless and extremely convincing. If caught in a lie, they will try to convince the non-gamblers that they must be mistaken and will argue so strenuously and for so long, that sometimes the non-gamblers just give up out of exhaustion. The gamblers are so convincing, that even though the evidence at hand would convince a jury, gambling will be denied. Even when the non-gamblers know the gamblers are lying because the facts prove that the gamblers spent the money, or bought the lottery tickets, or spent the day at a casino or on a gambling website, the gamblers' denials are unshakable. Non-gamblers walk away from the gamblers knowing that what they know is the truth, knowing that the money is gone, the time is gone, and nothing they can say or do will replace it. Whether the gamblers are believed or not, the gamblers win because the money has already been spent on gambling, and nothing the non-gamblers can say or do will change that. Wearing down the resolve of the non-gamblers is the desired result of this game.