Vegas Gambling Quotes

I've never been to Vegas, but I've gambled all my life.

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.

The first thing he noticed was that Las Vegas seemed to have invented a new school of functional architecture, 'The Gilded Mousetrap School' he thought it might be called, whose main purpose was to channel the customer-mouse into the central gambling trap whether he wanted the cheese or not.

Where have you been?" I asked weakly. A few minutes ago I would have rather died than questioned him. Let him know I care. But I'm too sick to be strong, kick ass Rayne at the moment. "Vegas" he says. I raise an eyebrows. "Uh, okay. Win anything?" I can't believe he was off gambling as I lay dying. I mean, I know poker is hot and all, but couldn't he have waited a couple of days for that straight flush? "I got what I went for, if that's what you mean." "What, a lap dance?" He chuckes. "Even sick, you're still funny, Rayne.

DON’T GAMBLE WITH MARIJUANA! IN NEVADA: POSSESSION—20 YEARS SALE—LIFE!

The mere fact of Vegas, its necessity, was an indictment of our normal lives. If we needed this place--to transform into a high roller or a sexy swinger, to be someone else, a winner for once--then certainly the world beyond the desert was a small and mealy place indeed.

Csikszentmihalyi identified four “preconditions” of flow: first, each moment of the activity must have a little goal; second, the rules for attaining that goal must be clear; third, the activity must give immediate feedback so that one has certainty, from moment to moment, on where one stands; fourth, the tasks of the activity must be matched with operational skills, bestowing a sense of simultaneous control and challenge.

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.

So much of the theatrical can leave you with a yearning for the real. The real is suddenly and starkly there right at the city’s edge and extends for thousands of square miles of desert and mountain and canyon with which human beings can do almost nothing profitable other than to leave it be and just look at it.

Although interactive consumer devices are typically associated with new choices, connections, and forms of self-expression, they can also function to narrow choices, disconnect, and gain exit from the self.

. . . bush-league sex compared to L.A.; pasties here —total naked public humping in L.A. . . . Las Vegas is a society of armed masturbators/gambling is the kicker here/sex is extra/weird trip for high rollers . . . house-whores for winners, hand jobs for the bad luck crowd.

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 Strip was still lit by a million neon lights, though the crowds on the sidewalk had greatly decreased by this hour. Still, Bosch was awed by the spectacle of light. In every imaginable color and configuration, it was a megawatt funnel of enticement to greed that burned twenty-four hours a day. Bosch felt the same attraction that all the other grinders felt tug at them. Las Vegas was like one of the hookers on Sunset Boulevard in Hollywood. Even happily married men at least glanced their way, if only for a second, just to get an idea what was out there, maybe give them something to think about. Las Vegas was like that. There was a visceral attraction here. The bold promise of money and sex. But the first was a broken promise, a mirage, and the second was fraught with danger, expense, physical and mental risk. It was where the real gambling took place in this town.

The last reports from Las Vegas described the abandoned gambling capital sitting half-submerged in a lake of rain-lashed water, its wheels stilled, the dying lights of its hotels reflected in the meadows of the drowned desert, a violent mirror reflecting all the failure and humiliation of America.

No story about Las Vegas should begin in Vegas. It is a place one goes, often rashly, and from which one returns often poorer in money and richer in experience. It is a crapshoot—pun intended—if the outcome will match the intention. Las Vegas will not disappoint, becoming a story one can tell in a bar, how one got an unfortunate tattoo, or drunkenly married a new acquaintance at the Little Vegas Chapel in front of an Elvis impersonator.

Albert died in an unfortunate accident sometime ago and was raised as a zombie by his amateur necromancer friend, Neil. Bubba was a new friend we had acquired in Vegas when helping him gain back the freedom he had previously gambled away. The fourth member of our group, a government agent and my girlfriend named Krystal, was out of town for work this week, thus I was conducting my first weekly scrabble tournament with just the three of us. Which leaves only me to be accounted for in the explanation. My name. which I hope you know by now. is Frederick Frankford Fletcher and I am a vampire, though still not the type that inspires swooning or terror.

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.

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

Thank god for Vegas. Seriously. A lobotomy wasn’t as effective as a weekend three hours of Red Bull away (from LA, not Pismo) where I wore the thinnest pinned stilettos, gambled like a sweaty degenerate mobster in black loafers, drank like Amy Winehouse and Charles Bukowski’s baby, and snorted throat-dripping lines of coke in a Hard Rock Hotel bathroom with four new best friends. I’d giddily rub off any one of those from the to-do list I wrote in eyeliner on my hotel bathroom mirror.

they are charged with the task of governing their own tendencies while participating in activities designed to stimulate those tendencies.

In 1863, as Havana continued to grow, the need for expansion prompted the removal of the city walls. The Ten Years’ War ended with a cease fire from Spain. However, it was followed by the Cuban War of Independence, which lasted from 1895 until 1898 and prompted intervention by the United States. The American occupation of Cuba lasted until 1902. After Cuban Independence came into being, another period of expansion in Havana followed, leading to the construction of beautiful apartment buildings for the new middle class and mansions for the wealthy. During the 1920’s, Cuba developed the largest middle class per total population in all of Latin America, necessitating additional accommodations and amenities in the capital city. As ships and airplanes provided reliable transportation, visitors saw Havana as a refuge from the colder cities in the North. To accommodate the tourists, luxury hotels, including the Hotel Nacional and the Habana Riviera, were built. In the 1950’s gambling and prostitution became widespread and the city became the new playground of the Americas, bringing in more income than Las Vegas. Now that Cuba senses an end to the embargo and hopes to cultivate a new relationship with the United States, construction in Havana has taken on a new sense of urgency. Expecting that Havana will once again become a tourist destination, the French construction group “Bouygues” is busy building Havana's newest luxury hotel. This past June Starwood’s mid-market Four Points Havana, became the first U.S. hotel, owned by Marriott, to open in Cuba. The historic Manzana de Gómez building which was once Cuba's first European-style shopping arcade has now been transformed into the Swiss based Manzana Kempinski, Gran Hotel, La Habana. It has now become Cuba's first new 5-Star Hotel! Spanish resort hotels dot the beaches east of Havana and China is expected to build 108,000 new hotel rooms for the largest tourist facility in the Caribbean. On the other end of the spectrum is the 14 room Hotel Terral whch has a prime spot on the Malecón.

Arguing with your wife is like gambling in Vegas. You know how in Vegas the House always wins? Well, when you argue with your wife, she is the House.

She went with the Red Hats over to Tunica early this morning. I think my mom has developed a gambling problem since her trip to Vegas.” “Yeah, so you’re alone, then?” “No, smartass. I’m sitting with the pool boy. We’re getting ready to go skinny-dipping.” “Lucky pool boy. Does he know you like to be tied up?” “Jaime, don’t start that.” “Pepper, I love when you get all defensive like that. Makes me think of bad things to do to you.” “I’m going to hang up now.” “Don’t you want to know what kind of bad things?” “I know your idea of bad. You like to dominate me.

Crypto (and to some extent DeFi) is more of a gamble than an investment at the moment. But in Las Vegas, the house always wins. The whole point of decentralization is to remove “the house” from the playing field.

probability calculations needed to figure out gambling games or to solve problems in everyday life. We didn’t need that skill to survive as a species in the forests and jungles.

I watched men win and I watched them lose. They were playing a straight house. Nothing was loaded. The house took its own little percentage and got rich. Money made in bootlegging and gunrunning and dope smuggling and whoremongering was invested quite properly in an entire town that stood as a monument to human stupidity, a boomtown in the state with the sparsest population and the densest people in the country. Vegas.

The Strip was choked with people in dogged search of fun, looking for the promise of Vegas that had brought them all from Keokuk and Presque Isle and North Platte. It wasn’t like it was supposed to be. It wasn’t the adventure of a lifetime, but it had to be. You couldn’t admit that it wasn’t. You’d come too far, expected too much, planned too long. If you stayed up later, played harder, gambled bigger, looked longer, saw another show, had another drink, stretched out a little further . . .

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.

Cardano’s book Liber de ludo aleae (“Book on Games of Chance”) was instrumental in the later development of probability, but, unlike Thorp’s book, was less of an inspiration for gamblers and more for mathematicians. Another mathematician, a French Protestant refugee in London, Abraham de Moivre, a frequenter of gambling joints and the author of The doctrine of chances: or, a method for calculating the probabilities of events in play (1718) could hardly make both ends meet.

Academic finance, as has been recently shown by Ole Peters and Murray Gell-Mann, did not get the point that avoiding ruin, as a general principle, makes your gambling and investment strategy extremely different from the one that is proposed by the academic literature.

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

Why leave the predictable for the unpredictable? And yet, that may be the core of the issue here. If you go to Las Vegas and put the deed to your house down on a roll of the dice, that’s gambling—risking with no reasonable control or plan. However, if you are in a negative work environment, you’ve checked out your options, and are moving to a solid organization with a higher income, how can that be called “risk”? Risk implies jumping off a cliff with no idea what is at the bottom. In business or career moves, we greatly reduce risk by having a careful plan of action. Call it “seizing an opportunity” rather than “risk.” Sometimes the greatest risk is not taking one.

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.

Las Vegas is every bit as blisteringly hot in June as Phoenix, and if you take the lap dancing, gambling, and showgirls into account it is probably several degrees hotter due to friction.

I'm going to leave Las Vegas a loser, but at least I didn't gamble my heart.

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.

They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety.’ Tom Jefferson rescinded those laws as soon as he became president.

On Taking My First Girlfriend to Las Vegas “Vegas? I don’t get it, neither of you are old enough to gamble. You’re not old enough to drink. The only thing you’re old enough to do is rent a hotel and—ah, I gotcha. That’s smart.

But I came to see that Las Vegas is not a freak but is, instead, deeply integrated with the rest of the country, and the world beyond. It is symptom, mirror, metaphor.

Las Vegas is like huge fake breasts. Nothing is real, just plastic. It is all provided with a clean veneer over the grime of its purpose, to swindle. And I don’t gamble

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.

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.

A young reporter for the Post named Tom Wolfe followed up after my talk with an interview. The Post ran his story, “You Can So Beat the Gambling House at Blackjack, Math Expert Insists.” He was curious rather than skeptical, sympathetic but probing. Wolfe later became one of America’s most famous authors.

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.

The Combination had finally been smashed. In a world with Mickey Cohen and Bugsy Siegel on the loose, it was simply too dangerous for men like Guy McAfee to operate in Los Angeles without police protection. Moreover, it seemed evident that the new mayor was determined to “close” Los Angeles. And so the organized crime figures who had held sway over the L.A. underworld since the 1920s left Los Angeles. Most relocated to a dusty little town in the Nevada desert where gambling was legal and supervision was lax—Las Vegas.

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.

I could see from the beginning how our wealth could grow. But when I told friends and colleagues what I was up to, Vivian was almost the only one who got it, despite what I had already done in gambling. Although she wasn’t a scientist or mathematician, she shared two qualities with the best of them: She asked the right questions, and she grasped the essentials. She had spent hours helping me film spinning roulette balls so I could make a machine to predict which number would come up, just as she had dealt thousands of blackjack hands so I could practice counting cards. And she helped me edit my books about gambling and the stock market and negotiate the contracts.

Gradually reducing my teaching load from full-time, I finally resigned my UCI full professorship in 1982. I loved teaching and research and felt a sense of loss upon giving up a position I expected to enjoy for a lifetime, but it turned out to be for the best. I took what I liked with me. I kept my friends and continued my research collaborations. Free to do anything I wished, my childhood dream come true, I continued to present my work at meetings, as well as publish it in the mathematical, financial, and gambling literature.

Mary Carter Paint Company. Founded in 1958 as the successor to a 1908 company, it started as an acquirer of other paint companies, then evolved into a resort and casino developer in the Bahamas. Changing its name to Resorts International, it divested itself of the paint business and name. In 1972 the company had warrants that sold for 27 cents when the stock traded at $8 a share. The warrants were so cheap because they were worthless unless the stock traded above $40 a share. Fat chance. Since our model said the warrants were worth $4 a share, we bought all we could at the unbelievable bargain price of 27 cents each, which turned out to be 10,800 warrants at a total cost, after commissions, of $3,200. We hedged our risk of loss by shorting eight hundred shares of the common stock at $8. When the stock later fell to $1.50 a share, we bought back our short stock for a profit of about $5,000. Our gain now consisted of the warrants for “free” plus about $1,800 in cash. The warrants were trading close to zero but below the tiny amount the model said they were worth, so I decided we should put them away and forget them. Six busy years passed. Then in 1978 we started getting calls from people who wanted to buy our warrants. The company had purchased property in Atlantic City, New Jersey, after which it successfully lobbied, along with others, to bring casino gambling to the state, limited to Atlantic City. On May 26, 1978, Resorts opened the first US casino outside Nevada. Having received early approval, they had no competition and reaped windfall profits until other casinos opened late in 1979. With the stock now trading at $15 a share, ten times its earlier lowest price, and the warrants trading between $3 and $4, the model said they were worth about $7 or $8. So, instead of selling and reaping a $30,000 to $40,000 profit, I bought more warrants and sold stock short to hedge the risk of loss. As the stock broke through the $100 mark, we were still buying warrants and shorting stock. We finally sold the 27-cent warrants and others for above $100 each. We ultimately made more than $1 million.

I also believed then, as I do now after more than fifty years as a money manager, that the surest way to get rich is to play only those gambling games or make those investments where I have an edge.

As I streamlined my processes and systems, a slow and steady transformation took place. I worked less and less. Suddenly, I worked an hour a day instead of ten. Yet, the money rolled in. I’d go to Vegas on a gambling spree; the money rolled in. I’d be sick for four days; the money rolled in. I’d day trade for a month; the money rolled in. I’d take a month off; the money rolled in.

Las Vegas may have residents and not merely tourists, but it does not want to welcome you. You are swallowed. Maybe it will hack up your hair and bones later, but the oddsmakers are not on your side.

Between October 2009 and June 2010—a period of only eight months—Low and his entourage spent $85 million on alcohol, gambling in Vegas, private jets, renting superyachts, and to pay Playmates and Hollywood celebrities to hang out with them.

The continuity of machine gambling holds worldly contingencies in a kind of abeyance, granting her an otherwise elusive zone of certainty—a zone that Mollie described earlier as “the eye of a storm.” “Players hang, it could be said, in a state of suspended animation,” writes one machine gambling researcher.43 A zone in which time, space, and social identity are suspended in the mechanical rhythm of a repeating process may seem an unpromising object for cultural analysis. Yet such a zone, I argue, can offer a window onto the kinds of contingencies and anxieties that riddle contemporary American life, and the kinds of technological encounters that individuals are likely to employ in the management of these contingencies and anxieties.

The temptation is always to think of Las Vegas as a gambling mecca, the ‘Entertainment Capital of the World’. Well, it’s that. But, it’s a lot more than that as well. There are beautiful natural rock formations, rare plants and animals, and even pseudo-alpine regions. Just because you can see for a hundred miles doesn’t mean that there’s nothing there to see, and open desert allows you to see things in a different way. There is nothing to block your view, and nothing to hide behind.

Las Vegas, home to gambling, decadents, Mormons, and the largest number of IRS agents in the United States. Robert had a safe house there, but he wasn’t going to use it.

Between October 2009 and June 2010—a period of only eight months—Low and his entourage spent $ 85 million on alcohol, gambling in Vegas, private jets, renting superyachts, and to pay Playmates and Hollywood celebrities to hang out with them.

My smooth lying was a carefully honed skill. I’d probably make a fortune at the poker tables in Vegas if it weren’t for the fact I hated bright lights. And noise. And people. And I have no money to gamble. Other than that, though, I was golden.

If you're so busy and need so much help, why can't I be the acting GM? Because you gambled away your savings by age 24. Because I don't trust you with Dad's team. Neither of those would be helpful out loud. Instead, she went with a better truth. "Because no one thinks I can do this. I want to prove everyone wrong. I want to prove to myself Dad didn't make a mistake trusting me with the team. I need you behind me on this, Maddie.

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.

She drove downtown and turned left off Fifth Street into East Fremont Street. Up ahead was what most people think of when Las Vegas is mentioned. It was a blaze of lights and color and neon: gambling halls jammed up against each other on both sides of Fremont from Second on up to Main, for two solid blocks. Overshadowing all the rest was the big sign above the Golden Nugget on the left and, beyond that, the huge mechanical cowboy pointed the way to the Pioneer Club with his animated hand and thumb. And the Las Vegas Club, the Monte Carlo, the Frontier Club, and all the rest. Colleen drove through slowly because the place was full of men and women and cowboys. A guy blew a bugle at us as we crossed First Street and we had to wait a few seconds for a man on a horse to get out of our way at Main where Colleen turned right and then swung back to head out of town. Then she drove like the wind all the way to Hoover Dam.

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

Education has made all the difference for me. Mathematics taught me to reason logically and to understand numbers, tables, charts, and calculations as second nature. Physics, chemistry, astronomy, and biology revealed wonders of the world, and showed me how to build models and theories to describe and to predict. This paid off for me in both gambling and investing.

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

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