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The Chip Board Archive 05

Gambling well is hard work ...

... and takes a lot of time, effort, knowledge and skill. It really is little different than professional sports (in which each player is using his skill to "take it (money) from someone else"). Sports are slightly different only in that someone else is putting up the stake money for the athletes.

And, don't you think a lot of businessmen (entrepreneurs in particular) are "gambling" in every sense of the word? What about the stock market? Futures?

Even life insurance is nothing more or less than a sophisticated gamble: By accepting your premiums, a life insurance company is "betting" that, on average, you'll live long enough to pay more in premiums than they'll pay out in benefits. Like casinos, of course, the life insurance companies have it figured out "the odds" well enough to know that they'll get their "retention" (vig) and stay ahead of the game.

----- jim o\-S

Messages In This Thread

Casino Rama facing large fine
Re: Casino Rama facing large fine
Re: Casino Rama facing large fine
Re: Casino Rama facing large fine
Re: Casino Rama facing large fine
I see nothing wrong with ...
Re: I see nothing wrong with ...
I am not a fan of the ...
Re: I see nothing wrong with ...
Re: That actually happened...
Re: I see nothing wrong with ...
Re: Beat ya, Gene!!
Re: I see nothing wrong with ...
It's the LAW, Jim
... and if there was no LAW ?
grin Nature abhors a vacuum ...
My point was that it is an ...
Stupidity of situational ethics ...
We don't entirely disagree, Jim ...
Opinion.....
Re: I see nothing wrong with ...
Re: I see nothing wrong with ...
vbg Consider yourself corrected ...
Re: vbg Consider yourself corrected ...
Re: vbg Consider yourself corrected ...
Re: vbg Consider yourself corrected ...
Re: vbg Consider yourself corrected ...
Re: vbg Consider yourself corrected ...
I didn't make myself clear on this ...
Re: I didn't make myself clear on this ...
Driving a car is COMPLETELY ...
Try taking the ferry from Sweden
Interesting comparison ...
Re: I know you're just "funning around"
Re: I know you're just "funning around"
Re: I know you're just "funning around"
Re: I know you're...long,NCR
Re: I know you're...long,NCR
Re: I know you're...long,NCR
Gambling well is hard work ...
Re: Gambling well is hard work ...
JIM HASN'T RECOVERED FROM THE SHOCK
Re: JIM HASN'T RECOVERED FROM THE SHOCK
YOU DON'T OWE ME 4 CHIPS
... and is this impressionable 12-year-old
Re: ... and is this impressionable 12-year-old
JB, perhaps you'd like to take ...
Re: JB, perhaps you'd like to take ...
Re: JB, perhaps you'd like to take ...
Nor am I planning to try to "overturn" ...
Re: JB, perhaps you'd like to take ...
Re drinking see my response ...
Re: Re drinking see my response ...
Re: Re drinking see my response ...
Re: Re drinking see my response ...
Thank you John ......
YOUR DEAL!
Not "funning" at all ...
Re: Not "funning" at all ...
REILLY! WILL YOU PLEASE STOP

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