Casino Winning Quotes

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It's hard to walk away from a winning streak, even harder to leave the table when you're on a losing one.
Cara Bertoia (Cruise Quarters - a Novel About Casinos and Cruise Ships)
Wall Street investment banks are like Las Vegas casinos: They set the odds. The customer who plays zero-sum games against them may win from time to time but never systematically, and never so spectacularly that he bankrupts the casino.
Michael Lewis (The Big Short: Inside the Doomsday Machine)
I heard a man who worked in a casino say that no one gets ruined by losing, they get ruined by trying to win back the money they lost. Is that what you mean? Is that
Fredrik Backman (Anxious People)
Donald has always struggled for legitimacy—as an adequate replacement for Freddy, as a Manhattan real estate developer or casino tycoon, and now as the occupant of the Oval Office who can never escape the taint of being utterly without qualification or the sense that his “win” was illegitimate.
Mary L. Trump (Too Much and Never Enough: How My Family Created the World's Most Dangerous Man)
The forest, like a casino, always wins. That's why you should never gamble, or enter the forest. And above all, never underestimate Schmidty.
Gitty Daneshvari (School of Fear (School of Fear, #1))
I abandoned the assigned problems in standard calculus textbooks and followed my curiosity. Wherever I happened to be--a Vegas casino, Disneyland, surfing in Hawaii, or sweating on the elliptical in Boesel's Green Microgym--I asked myself, "Where is the calculus in this experience?
Jennifer Ouellette (The Calculus Diaries: How Math Can Help You Lose Weight, Win in Vegas, and Survive a Zombie Apocalypse)
ACOAs often develop an external locus of control, believing that something outside of themselves will decrease the emptiness or the pain they feel inside. Thoughts such as “If the house is clean enough, I will be good enough” or “If I win the big one at the casino, I will be somebody important” are attempts to control blocked pain and fear.
Jane Middelton-Moz (After the Tears: Helping Adult Children of Alcoholics Heal Their Childhood Trauma)
I pulled the lever repeatedly not even paying attention to whether or not I was winning anything. Her voice startled me. “You look like you have something on your mind.” “I do?” “Who is he, and what did he do?” I’d never see this woman again after today. Maybe I should just let it all out. “You want the long version or the short version?” “I’m ninety, and the dinner buffet opens in five minutes. Give me the short version.” “Okay. I’m here with my stepbrother. Seven years ago, we slept together right before he moved away.” “Taboo…I like it. Go on.” I laughed. “Okay…well, he was the first and last guy I ever really cared about. I never thought I’d see him again. His father died this week, and he came back for the funeral. He wasn’t alone. He brought a girl he supposedly loves. I know she loves him. She’s a good person. She had to go back to California early. Somehow, I ended up at this casino with him. He leaves tomorrow.” A single teardrop fell down my face. “It looks to me like you still care about him.” “I do.” “Well, then you have twenty-four hours.” “No, I don’t plan to screw things up for him.” “Is he married?” “No.” “Then, you have twenty-four hours.” She looked at her watch and leaned on her walker to stand herself up. She gave me her hand. “I’m Evelyn.” “Hi, Evelyn. I’m Greta.” “Greta…fate gave you an opportunity. Don’t fuck it up,” she said before she scooted away on the walker.
Penelope Ward (Stepbrother Dearest)
Casinos invariably win because they push their money under the table, what remains over the table of their clients’ evaporates eventually!
Sandeep Sahajpal
The strategy is to bet your entire bankroll each race, apportioning it among the horses according to your informed estimate of each horse’s chance of winning.
William Poundstone (Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street)
Winning can be defined as accomplishing something - no matter how small or how big.
Christina Casino
He awoke in the evening completely refreshed. After a cold shower, Bond walked over to the Casino. Since the night before he had lost the mood of the tables. He needed to re-establish that focus which is half mathematical and half intuitive and which, with a slow pulse and a sanguine temperament, Bond knew to be the essential equipment of any gambler who was set on winning.
Ian Fleming (Casino Royale (James Bond, #1))
With his Theory of Games and Economic Behavior, for example, he wasn’t trying to fight a war, or beat the casino, or finally win a game of poker; he was aiming at nothing less than the complete mathematization of human motivation,
Benjamín Labatut (The MANIAC)
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.
Neil Gaiman (American Gods (American Gods, #1))
Giancana said he was going to fix the election in Illinois so Kennedy would win that state. Jimmy couldn’t believe his ears. Jimmy tried to talk him out of it. Jimmy told him nobody could control Bobby because he was mental. Jimmy said people went to the old man during the McClellan Committee hearings and he couldn’t do anything about either one of his millionaire kids. Giancana told Jimmy that Kennedy was going to help them get Castro out of Cuba so they could get their casinos back. Jimmy said that they were crazy to trust those Kennedy boys
Charles Brandt ("I Heard You Paint Houses", Updated Edition: Frank "The Irishman" Sheeran & Closing the Case on Jimmy Hoffa)
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.
Chris Dietzel (The Theta Timeline)
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.
($) (I Deal to Plunder - A ride through the boom town)
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.
José N. Harris
Watching him then, I simply couldn’t think of him doing anything other than winning. Loss wasn’t the norm, it couldn’t be. I didn’t have the words for it then, what it felt like to watch my cousin, whom I love and whose worries are our worries and whose pain is our pain, manage to be so good at something, to triumph so completely. More than a painful life, more than a culture or a society with the practice and perfection of violence as a virtue and a necessity, more than a meanness or a willingness to sacrifice oneself, what I felt—what I saw—were Indian men and boys doing precisely what we’ve always been taught not to do. I was seeing them plainly, desperately, expertly wanting to be seen for their talents and their hard work, whether they lost or won. That old feeling familiar to so many Indians—that we can’t change anything; can’t change Columbus or Custer, smallpox or massacres; can’t change the Gatling gun or the legislative act; can’t change the loss of our loved ones or the birth of new troubles; can’t change a thing about the shape and texture of our lives—fell away. I think the same could be said for Sam: he might not have been able to change his sister’s fate or his mother’s or even, for a while, his own. But when he stepped in the cage he was doing battle with a disease. The disease was the feeling of powerlessness that takes hold of even the most powerful Indian men. That disease is more potent than most people imagine: that feeling that we’ve lost, that we’ve always lost, that we’ve already lost—our land, our cultures, our communities, ourselves. This disease is the story told about us and the one we so often tell about ourselves. But it’s one we’ve managed to beat again and again—in our insistence on our own existence and our successful struggles to exist in our homelands on our own terms. For some it meant joining the U.S. Army. For others it meant accepting the responsibility to govern and lead. For others still, it meant stepping into a metal cage to beat or be beaten. For my cousin Sam, for three rounds of five minutes he gets to prove that through hard work and natural ability he can determine the outcome of a finite struggle, under the bright, artificial lights that make the firmament at the Northern Lights Casino on the Leech Lake Reservation.
David Treuer (The Heartbeat of Wounded Knee: Native America from 1890 to the Present)
We got to the casino and ordered some drinks. We then walked around, drinking and losing. We had some drinks at the craps table and lost money there. We had some drinks at the slot machines and lost a little more over there. Our drinking and money lasted longer at the blackjack tables, but even there our drinks and winning streak dried up. The more we drank, the flirtier we became. Although I was hemorrhaging money like crazy, I was the luckiest guy in the casino.
Kenton Geer (Vicious Cycle: Whiskey, Women, and Water)
In 2000, John Duthie won the Poker Million on the Isle of Man. He was in the newspapers, he was on television. The first player to win £1,000,000 outside America. Knowing himself, Duthie had the cleverest idea of all time: he put a chunk of the money away, for mortgages and children’s education, in a bank account that he opened jointly with his father-in-law. Brilliant. If it had been a joint account with his wife, he might have phoned her from a casino one desperate night and begged her to co-sign a big withdrawal slip. But a call like that to his wife’s father? Never.
Victoria Coren (For Richer, For Poorer: A Love Affair with Poker)
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!
Hope Barrett (Somebody Get Me A Hammer!!)
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.
Richard Dawkins (The Selfish Gene)
The Terminal I pace the Greyhound waiting room, that famished void on the outskirts of Reno between the Atavans and Ambiens, filled with the stench of the homeless and the suicide ticking of attoseconds. It is a zombie casino with no clocks partitioned with great walls of glass. On the other side of the glass I see people take tokens from Big Gulp sized cups and feed them into the mute ears of bandits. They are the gamblers whose tokens are redeemed into winnings. They breathe without conscious effort and board their buses. On my side of the glass there are no gamblers, no buses, no exits. There are just Dixie cups of meds to transport me through REMless dreams to awaken another day in the same terminal waiting and breathing, breathing and waiting for the glass to shatter so I may redeem my fist full of tokens.
Beryl Dov
You fixed the tables?" "Nonsense." Pippa grinned. "With what I know of Digger Knight, I would wager everything you have that these tables were already fixed. I unfixed them." She was mad. And he loved it. His brows rose. "Everything I have?" She shrugged. "I haven't very much, myself." She was wrong, of course. She had more than she knew. More than he'd dreamed. And if she asked, he'd let her wager with everything he owned. God, he wanted her. He looked around them, registering the flushed, excited faces of the gamers nearby, not one of them interested in the trio standing to the side. No one who was not playing was worth the attention. Not when so many were winning so much. She was running the tables at one of the most successful casinos in London. He turned back to her. "How did you..." She smiled. "You taught me about weighted dice, Jasper." He warmed at the name. "I didn't teach you about stacked decks." She feigned insult. "My lord, your lack of confidence in my intelligence wounds me. You think I could not work out the workings of deck stacking myself?" He ignored the jest. Knight would kill them when he discovered this. "And roulette?" She smiled. "Magnets have remarkable uses." She was too smart for her own good. He turned to Temple. "You allowed this?" Temple shrugged one shoulder. "The lady can be very... determined." Lord knew that was true.
Sarah MacLean (One Good Earl Deserves a Lover (The Rules of Scoundrels, #2))
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
Richard H. Thaler (Nudge: Improving Decisions About Health, Wealth, and Happiness)
The internet is a casino. Occasionally, if you’re lucky, you win big. For an even luckier few, it might even change your life. The rest of the time, it mostly just ruins you.
Adam Sass (The 99 Boyfriends of Micah Summers)
If your customers have to lose so that you can win, you don't operate a business, you operate a casino.
Anje Kruger
The Dying Gambler If I were dying I'll go to Vegas and bet my every penny on black. If I win I've doubled the money I can give my children. If I lose, my children will take the casino to court, plead I was in a 'diminished capacity' when I placed the bet, document it with my hospital records and get all the money back minus legal fees. Now those odds, I like.
Beryl Dov
In 1947 Cuba, clandestently Meyer Lansky acted as a go-between, establishing a cooperative atmosphere between Batista and the Mob. Both Lansky and Batista were outsiders to the Sicilian-run criminal organization, but they both were ambitious and had greed as a common value. This unholy alliance continued as long as Batista’s interests coincided with the interests of the Mafia. During a meeting at the Waldorf Astoria in New York City, Batista offered Meyer Lansky control of the racetracks and casinos in Havana if he would help him return to the Cuban presidency. Now that the Mafia could clearly see the potential Havana had to offer, they decided to move ahead on the racketeering venture in Cuba. Batista became an important part of the complicated puzzle. Although the former Sergeant/Colonel had lived in exile, he finagled his return to power as a Senator, providing the Mafia with a way of openly buying their way into Cuba. Meetings between Batista and Meyer Lansky provided them both with a common goal. The planning for a territorial takeover began, with both men maneuvering to improve their advantage. Lansky figured out how to make money and Batista offered him his cooperation and protection in return… depending of course, on Batista’s return to the Presidency. Read the award winning book “The Exciting Story of Cuba,” page 205
Hank Bracker (The Exciting Story of Cuba: Understanding Cuba's Present by Knowing Its Past)
The casino magnate Sheldon Adelson would pour at least $60 million into the 2012 election, seeking in part to protect foreign tax shelters worth billions. Super PAC spending via the Wyoming mutual-fund honcho Foster Friess was said to have powered Rick Santorum’s upset win in the Iowa caucuses, which in turn kept Santorum going for months. Not since the Gilded Age had a handful of super-rich individuals so easily used their fortunes to fuel the presidential ambitions of a few people so radically out of the mainstream of American politics.
Robert B. Reich (Beyond Outrage (Expanded Edition): What has gone wrong with our economy and our democracy, and how to fix it)
I tell you, Huda, with the with the service-free arnona they impose on us and the many fines and penalties we East Jerusalem Arabs pay them, we've become the casino where they always win... or even better, the cash cow that they continue to milk.
Suad Amiry (Golda Slept Here)
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The typical day went something like this. I’d wake up at 4:30 a.m., munch a banana, and hit the ASVAB books. Around 5 a.m., I’d take that book to my stationary bike where I’d sweat and study for two hours. Remember, my body was a mess. I couldn’t run multiple miles yet, so I had to burn as many calories as I could on the bike. After that I’d drive over to Carmel High School and jump into the pool for a two-hour swim. From there I hit the gym for a circuit workout that included the bench press, the incline press, and lots of leg exercises. Bulk was the enemy. I needed reps, and I did five or six sets of 100–200 reps each. Then it was back to the stationary bike for two more hours. I was constantly hungry. Dinner was my one true meal each day, but there wasn’t much to it. I ate a grilled or sautéed chicken breast and some sautéed vegetables along with a thimble of rice. After dinner I’d do another two hours on the bike, hit the sack, wake up and do it all over again, knowing the odds were stacked sky high against me. What I was trying to achieve is like a D-student applying to Harvard, or walking into a casino and putting every single dollar you own on a number in roulette and acting as if winning is a foregone conclusion. I was betting everything I had on myself with no guarantees.
David Goggins (Can't Hurt Me: Master Your Mind and Defy the Odds)
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.
Arthur Boers (Servants and Fools: A Biblical Theology of Leadership)
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.
Edward O. Thorp (A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market)
The casinos introduced technology to stop the counters. Cameras and observers followed the action through one-way mirrors above the tables. Currently, this is automated, incorporating face-recognition software. RFID chips keep track of a player’s bets, and machines can track the cards and check the play of the hands, searching for patterns characteristic of counters. Machines that continually reshuffle the cards proved to be a perfect defense without slowing the game down, but the casinos pay fees to the vendors of the machines. Meanwhile the card counters were developing more techniques for winning.
Edward O. Thorp (A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market)
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
K.A. Knight (Den of Vipers)
A friend of mine makes an annual pilgrimage to Las Vegas. One year he asked a dealer: What games do you play, and what casinos do you play in? The dealer, stone-cold serious, replied: “The only way to win in a Las Vegas casino is to exit as soon as you enter.
Morgan Housel (The Psychology of Money)
The only way to win in a casino is to exit as soon as you enter
Phychology of money
I'm here because I'm sad, lonely, and addicted to losing" is a sentence never shared between casino friends [...] I would always come back with the stated intention of winning and the unstated intention of harming myself.
Kiese Laymon (Heavy)
The Rainforest Alliance was founded by Daniel Katz. He was moved to act after reading that fifty acres of rainforests are destroyed every minute, and two dozen species become extinct each day. The Rainforest Alliance seal: a badge of sustainable sourcing practices. Daniel used his winnings from a casino to sponsor a conference of experts. They came up with two ideas that worked together: First, they replaced boycotts with buycotts—positive campaigns to promote purchases of sustainable products. Second, they created a symbol to certify sustainability in the marketplace
John Doerr (Speed & Scale: An Action Plan for Solving Our Climate Crisis Now)
Small accomplishments can make you feel like a winner too.
Christina Casino
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.
Naved Abdali
In the casino, the house always wins. In horse racing, the track always wins. In the Powerball lottery, the state always wins. Investing is no different. In the game of investing, the financial croupiers always win, and investors as a group lose. After the deduction of the costs of investing, beating the stock market is a loser’s game.
John C. Bogle (The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns)
The way we field outcomes is path dependent. It doesn’t so much matter where we end up as how we got there. What has happened in the recent past drives our emotional response much more than how we are doing overall. That’s how we can win $100 and be sad, and lose $100 and be happy. The zoom lens doesn’t just magnify, it distorts. This is true whether we are in a casino, making investment decisions, in a relationship, or on the side of the road with a flat tire. If we got a big promotion last week and have a flat tire right now, we are cursing our lives, complaining about how unlucky we are. Our feelings are not a reaction to the average of how things are going. We feel sad if we are breaking even (or winning) on an investment that used to be valued much higher. In relationships, even small disagreements seem big in the midst of the disagreement. The problem in all these situations (and countless others) is that our in-the-moment emotions affect the quality of the decisions we make in those moments, and we are very willing to make decisions when we are not emotionally fit to do so.
Annie Duke (Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts)
He plays poker in Vegas. He wins. I mean, not really. He doesn’t actually play. He buys the chips with cash, takes back checks when he cashes out, so he has the checks from the casinos to prove his so-called winnings. Declares it on his income tax. Not all of it, but a pretty big chunk. He spreads that over two or three years.
John Sandford (Judgment Prey (Lucas Davenport, #33; Virgil Flowers, #15))
As entrepreneurs, we make bets everyday. We are gamblers ― gambling our hard-earned money on labor, inventory, rent, marketing, etc., all with the hopes of a higher pay out. Oftentimes, we lose. But, sometimes, we win and win BIG. However, there is a difference between gambling in business and gambling in a casino. In a casino, the odds are stacked against you. With skill, you can improve them, but never beat them. In contrast, in business, you can improve your skills to shift the odds in your favor. Simply stated, with enough skill, you can become the house.
Alex Hormozi ($100M Offers: How To Make Offers So Good People Feel Stupid Saying No)
The only way to win in a Las Vegas casino is to exit as soon as you enter.
Morgan Housel (The Psychology of Money)
Unlike my grandfather, Donald has always struggled for legitimacy—as an adequate replacement for Freddy, as a Manhattan real estate developer or casino tycoon, and now as the occupant of the Oval Office who can never escape the taint of being utterly without qualification or the sense that his “win” was illegitimate. Over Donald’s lifetime, as his failures mounted despite my grandfather’s repeated—and extravagant—interventions, his struggle for legitimacy, which could never be won, turned into a scheme to make sure nobody found out that he’s never been legitimate at all. This has never been more true than it is now, and it is exactly the conundrum our country finds itself in: the government as it is currently constituted, including the executive branch, half of Congress, and the majority of the Supreme Court, is entirely in the service of protecting Donald’s ego; that has become almost its entire purpose.
Mary L. Trump (Too Much and Never Enough: How My Family Created the World's Most Dangerous Man)
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.
Maria Konnikova (The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win)
Wall Street is a casino in which high-stakes wagers are placed within a limited number of betting houses that keep a percentage of the wins for themselves and fob off losses on others, including taxpayers.
Robert B. Reich (Aftershock: The Next Economy and America's Future)
Casinos in general—and poker tables in particular—are germ incubators. They are probably worse even than a preschool, since there the surfaces at least get disinfected when the cleaning crew comes through. I’ve touched chips that seem to have been in use since the 1970s without so much as a rinse. Once, I had to tell a player not to touch me after he wanted to demonstrate that he’d washed his hands in the bathroom—by placing a wet hand on top of my arm.
Maria Konnikova (The Biggest Bluff: How I Learned to Pay Attention, Master Myself, and Win)
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.
Charles Duhigg (The Power of Habit: Why We Do What We Do in Life and Business)
Just remember... it's not about winning, it's about doing the best you can, and believing in yourself, always
Christina Casino
You want excitement? Get excited about your career. Get excited about your family, your community, place of worship, favorite causes, sports teams, hobbies, or anything else you want to feel passionate about. Get excited about earning and saving money, but be very dispassionate when it comes to investing. Once you have enough money, you can spend your time being excited and passionate about any blessed thing you want. If you want to enjoy the thrills and spills of trying to pick winning investments or time the market, take a maximum of 5 percent of your portfolio and create a casino account. You’re free to trade and try to time the market with this money as you see fit. However, there’s one overriding rule: If you lose it all, it’s gone forever. No more casino accounts. That way you can enjoy the excitement of chasing the action without jeopardizing your financial future.
Taylor Larimore (The Bogleheads' Guide to Investing)
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.
Edward O. Thorp (A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market)
Slot machines provide a classic example of variable rewards of the hunt. Gamblers plunk $1 billion per day into slot machines in American casinos, which is a testament to the machines’ power to compel players.[lxxxiv] By awarding money in random intervals, games of chance entice players with the prospect of a jackpot. Of course, winning is entirely outside the gambler’s control — yet the pursuit can be intoxicating.
Nir Eyal (Hooked: How to Build Habit-Forming Products)
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