Casino Winning Quotes

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

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.

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

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.

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

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?

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.

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.

Winning can be defined as accomplishing something - no matter how small or how big.

Casinos invariably win because they push their money under the table, what remains over the table of their clients’ evaporates eventually!

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.

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.

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

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.

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.

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.

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.

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.

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.

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!

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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

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

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

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.

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.

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.

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.

The only way to win in a casino is to exit as soon as you enter

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.

Small accomplishments can make you feel like a winner too.

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.

That trip, the odds had been in my favor: I had practiced counting cards and could count well enough at blackjack to give me a slim edge over the casino. The basic premise of card counting is that the player can beat the house when there are more high cards than low cards remaining in the deck. If you increase your bets when more low cards have been dealt and more high cards remain, you’ll have an advantage over the dealer. I planned to have an advantage, and I planned to win.

My strategy was simple: Bet $5 when there were more low cards in the deck, and bet several hundred dollars when there were more high cards. By switching my bets and counting cards, I obtained a narrow advantage over the casino. Blackjack is the only casino game in which the player can consistently beat the house, and it was the only game I played. As I continued winning, the pit bosses began watching me more carefully. They get nervous about anyone counting cards, regardless of betting size.

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.

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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.

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.

The Baldwin strategy was the best way to play the game when nothing was known about which cards had already been played. Their analysis was for a single deck because that was the only version played in Nevada at the time. The Baldwin group also showed that the advice of the reigning gambling experts was poor, unnecessarily giving the casinos an extra 2 percent advantage. Any strategy table for blackjack must tell the player how to act for each case that can arise from the ten possible values of the dealer’s upcard versus each of the fifty-five different pairs of cards that can be dealt to the player. To find the best way for the player to manage his cards in each of these 550 different situations, you need to calculate all the possible ways subsequent cards can be dealt and the payoffs that result. There may be thousands, even millions of ways each hand can play out. Do this for each of the 550 situations and the computations just for the complete deck become enormous. If you are dealt a pair, the strategy table must tell you whether or not to split it. The next decision is whether or not to double down, which is to double your bet and draw exactly one card to the first two cards of a hand. Your final decision is whether to draw more cards or to stop (“stand”). Once I had figured out a winning strategy, I planned to condense these myriad decisions onto tiny pictorial cards, just as I had with the Baldwin strategy. This would allow me to visualize patterns, making it much easier to recall what to do in each of the 550 possible cases.

Keeping track of the 5s leads to a very simple winning system. Suppose the player bets small whenever any 5s are left and bets big whenever all the 5s are gone. The likelihood of all the 5s being gone increases as fewer cards remain. When twenty-six cards are left, this will happen about 5 percent of the time, and if only thirteen cards are left, 30 percent of the time. Since the player then has a 3.29 percent edge on his bets, if these are very big compared with his other bets he wins in the long run. For actual casino play, I built a much more powerful winning strategy based on the fluctuation in the percentage of Ten-value cards in the deck, even though my calculations showed that the impact of a Ten was less than that of a 5, since there were four times as many Tens. The larger fluctuations in “Ten-richness” that resulted gave the player more and better opportunities.

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As I stood ready to leave for the casino, Claude cocked his head and with an elfish smile asked, “What makes you tick?” Claude was jokingly referring to the strange sounds (actually these were musical tones) he would be sending from the computer he was wearing to my ear canal, once we went into action at the roulette table. As I look back now from the future, seeing myself wired up with our equipment, I stop that moment in time and I think about a deeper meaning to the question of what makes me tick. I was at a point then in life when I could choose between two very different futures. I could roam the world as a professional gambler winning millions per year. Switching between blackjack and roulette, I could spend some of the winnings as perfect camouflage by also betting on other games offering a small casino edge, like craps or baccarat. My other choice was to continue my academic life. The path I would take was determined by my character, namely, What makes me tick? As the Greek philosopher Heraclitus said, “Character is destiny.” I unfreeze time and watch us head for the roulette tables.

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.

Just remember... it's not about winning, it's about doing the best you can, and believing in yourself, always

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.

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.

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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.

The only way to win in a Las Vegas casino is to exit as soon as you enter.

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.

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

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,