The No.1 Website for Pro Audio
Off Topic- Online Gambling
Old 8th May 2006
  #1
Lives for gear
 
octatonic's Avatar
Off Topic- Online Gambling

I've recently bailed out a mate of mine (figuratively) who got in debt with online gambling and needed to sell some gear- so I bought it off him.
Now I find that he has blown all the cash again, rather than paying off the debt.

Now, I don't gamble- I never saw the point, but to me online gambling is totally pointless and worthless pursuit. Am I wrong?
Please, please, please can someone explain this to me?

James
Old 13th May 2006
  #2
Gear Addict
 

I don't even know where to begin, my friend.


I had a best friend in the world, and aside from the really crazy
"you wouldn't believe it if I payed you to believe it" negative things that happened
in my life because of him, his money issues (especially the online and "poortown riverboat" gambling) continue to make my life miserable, year's after I told him to hit the road and never come back.

Here's the deal. We both have terrible credit.
We moved in together at an apartment a few years ago.
I wasn't 21 at the time, and due to the management's requirements,
his name was on the lease, and my father's name as my "truster" of sorts.

My father, being a total genius, enforced a strict policy of my friend being responsible to hand over the rent ot the rental office every month. I was too "immature, and non-credible" to be trusted.

At some point, this ended in:

My father forking over $4,000 to pay for months of rent that went into my roomate's pockets.

I wanted him out. But my father believed in "helping him out".

My friend ended up maxing out all of his credit cards ($10,000 on....a discover card!). And owing all sorts of other money.

He convinced my father to co-sign a $30,000 student loan to cover all of his debt.

Guess who's still paying that loan back?

After my ex-friend cleared his debt (well, except for that loan, that my dad pays off). He immedietly ran up every single one of his credit cards. In a month!
He also bought a new car! And began paying it off with his credit cards!

He then schmoozed his way on to two sisters, who's mom had died, leaving them
a bunch cash to misuse. They decided they were a "record label", promoting bands like you see in a sitcom (as in, they had no clue what the hell they were doing).

He was, of course, designated the "manager". And they even had a pet band.

So, the sisters hand out debit cards to the members of their "company".

Next thing I know, I'm being asked if I will testify on Judge Friggn' Judy, cause they got bank statements with $2,000 withdrawals at the local riverboat casino!

All sorts of shady things continued, on and on, and on, and on.

Stole my credit card, bought stuff on it.
Leached on everyone else.

Let's not forget that I'm only giving you 5% of the reasons why I hate the guy.
I just don't want to get into too much details; my life is on the line.

Anyway, James; you're friend is more dangerous to you than he is worth saving.
Let him go before he drags you, unwilling, into a world you want no part of.

Peace.

Rob.
Old 13th May 2006
  #3
Gear Addict
 

If he's a grood friend then stick by him. If you don't help him now then who will.

I say sit him down and tell him straight that he's being a f*#k head and to take some responsibility for his life. Everyone deserves a second chance.

I think he should start by breaking all his credit cards in half and rolling the debt into a bank loan that he pays off each month.
Old 13th May 2006
  #4
Lives for gear
 
Dave Peck's Avatar
 

Giving money to a compulsive gambler (outright, or by buying stuff from them) is the same as giving drugs to an addict. It isn't helping them, it is only helping them get worse. Don't do it. Ever. (I'm not blaming you, most people don't know how to deal with these situations). There is a lot of legitimate help out there for people who want to stop destructive behaviors. Gambling, drinking, whatever. If the person is not willing to take constructive action to change, there is nothing you can do for them. ANYTHING you do that prevents them from facing the consequences of their own actions will only make things worse for them.

DP
Old 13th May 2006
  #5
Gear Head
 

Is he betting on sports or "casino" type games?

I always thought people who bet online for roulette or something have to be nuts. You have their word for it that it came up red.

In a real casino, the dice could be loaded, but at least they are real physical dice you can see.
Old 15th May 2006
  #6
I downloaded the software to one of the online casinos, just out of curiosity and I think its fascinating. 24/7 you can choose to watch 100s of virtual tables of people throwing away 1000s every minute playing the fashionable Texas Holdem. There is a skill to that game though and because there are so many muppets out there who are prepared to waste their cash, I can see how its tempting to try and snatch a bit of it.

Personally, I like a flutter on the big sports events - and I have a good record so far. But I'm very cautious and always try to spread my bets. For example I put £20 'Each Way' on Mickelson at the masters, which I saw as a sure thing.

Very excited about the World Cup - I just put a combined bet of £1 on England (to win) + Theo Walcott (golden boot) at 1000/1. . A more sensible bet might be USA to make it to the QFs - should get 10/1 - 20/1 on that. Or maybe Spain to win at 16/1, or Spain + Torres at 125/1.
Old 15th May 2006
  #7
Lives for gear
 
octatonic's Avatar
Yeah, I guess I just don't get it.
I'm not buying anymore gear from him- and I don't lend peoplle money unless it is life or death.
Robr- that sounds like an awful position to be put in.
How is your friend these days?

JR
Old 15th May 2006
  #8
Lives for gear
 
Albert's Avatar
 

Quote:
Originally Posted by Reza
If he's a grood friend then stick by him. If you don't help him now then who will.

I say sit him down and tell him straight that he's being a f*#k head and to take some responsibility for his life. Everyone deserves a second chance.

I think he should start by breaking all his credit cards in half and rolling the debt into a bank loan that he pays off each month.
Gambling like that is an addiction, like a drug addicition. "Sitting him down" and having a talk with him is probably going to get absolutely zero results. Might make you feel better about yourself, like "you helped", but in reality you probably will not have helped. He is the only one who can help himself, and he has to want to get over the addiction.

At this point in time, I suspect that if he rolled the debt into a bank loan he'd just gamble the bank loan away and be even worse off.
Old 15th May 2006
  #9
Gear Addict
 

I love poker so online gambling is a great thing for me. I started off just playing little cheapo tables for fun and gradually started understanding the game better. Then I slowly started playing for more money and more often because I loved the rush of winning. After losing a good amount of money in 3 days, I realized that I was hooked in. So I started putting a limit to what I would spend a month. Say 100 bucks. Fast forward a couple of years and I am making more money on poker than I am at my "real" job. So personally, I love online poker because it's something I enjoy very much and I make money off of it, much like music. But I can definitely see how easy it is for someone that is truly addicted to lose a ton of money quickly.
Old 16th May 2006
  #10
Lives for gear
 
Dave Peck's Avatar
 

Quote:
Originally Posted by richmondjames
Yeah, I guess I just don't get it.
I'm not buying anymore gear from him- and I don't lend peoplle money unless it is life or death.
Glad to hear you won't be feeding his destructive behavior by buying more gear from him. But regarding the comment about loaning money only if it is life or death - A truly addicted gambler who knows that you will loan them money if it is 'life or death' will continue to get further into trouble until it is effectively 'life or death', rationalizing that they can always count on you to help them when it gets bad enough. For example, they can gamble away all of their house payments because they will know that you wouldn't let them become homeless in the middle of winter, right? So they can keep gambling until it comes to that, and then you'll help them. See how that works? The best thing to do is make sure they get the message as early as possible that they will get ZERO financial help from anyone no matter what and their only option is to get help and stop the behavior. They can choose to do it soon, or they can wait until they have ruined their life, but those are their only two options.

DP
Old 17th May 2006
  #11
Gear Addict
 

I completely disagree with this statement. Being addicted is being addicted. I've seen people try to stop smoking, drinking, gambling, etc. They don't say to themselves, hey I can lose ALL my money! That is simply not how an addict thinks.
Old 17th May 2006
  #12
Lives for gear
 
Kestral's Avatar
 

Neither a borrower or a lender be.

Any "friend" that makes such an imposition on you is not a friend at all.

We are who we hang out with. Hang out with losers, then you're a loser.
Old 17th May 2006
  #13
Gear Nut
 

Quote:
Originally Posted by RobR
I don't even know where to begin, my friend.


I had a best friend in the world, and aside from the really crazy
"you wouldn't believe it if I payed you to believe it" negative things that happened
in my life because of him, his money issues (especially the online and "poortown riverboat" gambling) continue to make my life miserable, year's after I told him to hit the road and never come back.

Here's the deal. We both have terrible credit.
We moved in together at an apartment a few years ago.
I wasn't 21 at the time, and due to the management's requirements,
his name was on the lease, and my father's name as my "truster" of sorts.

My father, being a total genius, enforced a strict policy of my friend being responsible to hand over the rent ot the rental office every month. I was too "immature, and non-credible" to be trusted.

At some point, this ended in:

My father forking over $4,000 to pay for months of rent that went into my roomate's pockets.

I wanted him out. But my father believed in "helping him out".

My friend ended up maxing out all of his credit cards ($10,000 on....a discover card!). And owing all sorts of other money.

He convinced my father to co-sign a $30,000 student loan to cover all of his debt.

Guess who's still paying that loan back?

After my ex-friend cleared his debt (well, except for that loan, that my dad pays off). He immedietly ran up every single one of his credit cards. In a month!
He also bought a new car! And began paying it off with his credit cards!

He then schmoozed his way on to two sisters, who's mom had died, leaving them
a bunch cash to misuse. They decided they were a "record label", promoting bands like you see in a sitcom (as in, they had no clue what the hell they were doing).

He was, of course, designated the "manager". And they even had a pet band.

So, the sisters hand out debit cards to the members of their "company".

Next thing I know, I'm being asked if I will testify on Judge Friggn' Judy, cause they got bank statements with $2,000 withdrawals at the local riverboat casino!

All sorts of shady things continued, on and on, and on, and on.

Stole my credit card, bought stuff on it.
Leached on everyone else.

Let's not forget that I'm only giving you 5% of the reasons why I hate the guy.
I just don't want to get into too much details; my life is on the line.

Anyway, James; you're friend is more dangerous to you than he is worth saving.
Let him go before he drags you, unwilling, into a world you want no part of.

Peace.

Rob.
WOW, and i thought my story would be bad. i think that beats my story. i'm sorry to hear that Rob, and i'm glad you've decided let that guy go and part ways.

richmondjames, i'm going to have to agree with everyone on here that has said don't waste your time with trying to help this guy. i've had a couple of friends become addicted to gambling online and at the casinos, and it sucked the friendship out of everyone associated with them. my dad had a great saying for people/situations like that:

"hang around with dogs, and you're going to get fleas!"

if you've got your sh1t together, and you see your life/career going places? then do yourself a favor and only hang out with the people that share those things in common with you!

dang it, i wish i would have listened to my dad sooner!

forgot to ad one more thing, people can change...i've seen it happen! but you can't help them, they have to help themselves. so i agree with the post that suggest you not by gear from him, and don't offer to help him if it's life or death.

ok enough, with the resposible talk...man i'm starting to feel old because i'm sounding like my dad! AHHH!
Old 17th May 2006
  #14
Lives for gear
 
octatonic's Avatar
Quote:
Originally Posted by S Dole Melipone
Is he betting on sports or "casino" type games?

I always thought people who bet online for roulette or something have to be nuts. You have their word for it that it came up red.

In a real casino, the dice could be loaded, but at least they are real physical dice you can see.
Yeah exactly- it is online casino type stuff- I don't know exactly.
I just struggle with the idea that a casino sets itself up to make money- ultimately they make money from the punters. Why be a punter?
It is like choosing to be a deer in a lions cage on the hope you might get lucky and be the one in a million who escapes.

Dumb, dumb, dumb, dumb, dumb.

I understand blowing a bit of cash at Monte Carlo- going to the experience of it- once maybe.
But beyond that... I just don't get it.

JR
Old 17th May 2006
  #15
Lives for gear
 
octatonic's Avatar
Quote:
Originally Posted by Kestral
Neither a borrower or a lender be.

Any "friend" that makes such an imposition on you is not a friend at all.

We are who we hang out with. Hang out with losers, then you're a loser.
I hang out with my puppy and my wife.
Does that make me a bitch?

:-)

JR
Old 17th May 2006
  #16
Lives for gear
 
seaneldon's Avatar
 

i've always been really good at gambling. i took about 10 dimes out of a jamaica cruise casino last year.

i started with online poker rooms and casinos last year and i'm definitely UP since the beginning. if i had to guess, i'd say about $2k. i've been down at times, but i always worked my way up and then some.
Old 17th May 2006
  #17
Lives for gear
 
octatonic's Avatar
Quote:
Originally Posted by seaneldon
i've always been really good at gambling. i took about 10 dimes out of a jamaica cruise casino last year.

i started with online poker rooms and casinos last year and i'm definitely UP since the beginning. if i had to guess, i'd say about $2k. i've been down at times, but i always worked my way up and then some.
Ok- I'm really interested in what you have to say- and please don't think I am being funny about this- I genuinly want to know.

Do you honestly believe that when all is said and done that the time you've put into it will net a greater reward than simply working to earn, in music or elsewhere?

I've never understood this- the chance to win vs the chance of not- I've always thought I'd be better off buying and selling on ebay, or working in the studio game, or teaching or heaven forbid, getting a day job than I would be if I was gambling.
Or is it a leisure activity?

Please explain what the attraction is, cause I'm just scratching my head here as I wastch a good mate choose (or not choosing- I dont know) to go down the tubes.

James
Old 17th May 2006
  #18
Lives for gear
 
seaneldon's Avatar
 

Quote:
Originally Posted by richmondjames
Ok- I'm really interested in what you have to say- and please don't think I am being funny about this- I genuinly want to know.

Do you honestly believe that when all is said and done that the time you've put into it will net a greater reward than simply working to earn, in music or elsewhere?

I've never understood this- the chance to win vs the chance of not- I've always thought I'd be better off buying and selling on ebay, or working in the studio game, or teaching or heaven forbid, getting a day job than I would be if I was gambling.
Or is it a leisure activity?

Please explain what the attraction is, cause I'm just scratching my head here as I wastch a good mate choose (or not choosing- I dont know) to go down the tubes.

James
i work, man. 100%. up until moving to a new room this january, i've spent the last 4 years recording bands pretty much every single day (with the exception of when i was on tour). and the idea with the new room is to once again start working every single day. that's my job.

as stated before, i also tour the country (and internationally once or twice a year) playing music. and sometimes i'll even go around the country recording bands. that's my job, too.

gambling is not my source of income. not even close. $2,000 in one year from online gambling is absolutely not what i want to be worth. it's just an extra bonus. it's SLIGHTLY more than just leisure, but it never gets in the way of work. it's something i do AFTER work.

the casino games, yeah, that's almost 100% luck. poker is a different story. of course there's luck in the cards, but how you play them and how you manipulate everyone else at the table with your moves is the bigger picture. i happen to be pretty good at that. so i play poker. and a lot of the time, i win. i play online 3 nights a week, and once a week i play with the local fire department, and once a week i play at my old studio on long island with my former business partners.

but my real money DOES come from music. i get money from recording, i still get checks from my band's record that came out a year ago as well as the "final album" that came out in january. then i spend a portion of that money on playing cards, which is a hobby of mine. maybe slightly more than a hobby.
Old 17th May 2006
  #19
Lives for gear
 
Dave Peck's Avatar
 

Quote:
Originally Posted by booyah14
They don't say to themselves, hey I can lose ALL my money! That is simply not how an addict thinks.
I was not saying that compulsive gamblers feel fine about the possibility of losing all their money. In fact, they are terrified of it, BUT they go to great lengths to rationalize and justify and convince themselves that this won't happen, even though it may have already happened to them several times. They will tell themselves that THIS time it will be different, so they don't have to stop just yet. THIS time it won't get out of control (even though it always does for an addict). And THAT is the insanity of addiction.

But on another level, when an addict knows that there is someone who will always come to their rescue sooner or later, and who will always be there to pick up the pieces and help them continue to avoid the consequences of their actions, they have no incentive to change. Because when someone does rescue them, the addict then rationalizes that this is further proof that their situation is still manageable, that things are not out of control and not yet so bad that they have to stop.

Recovery from any addiction can only begin when they finally understand that there is no way out other than to change their own behavior and completely stop gambling / drinking / taking drugs / whatever.

DP
Old 18th May 2006
  #20
Gear Addict
 

I don't know Dave, addiction is more complex than that. It is a mental disorder. I mean I have friends that have destroyed their familes and continue to do so even after all of that. After going to jail a few times, their family leaving them, their friends leaving them, they still drink. They have nobody there for them and they just don't stop. They have no one but their addiction.


And to the question of why do you play online poker.
I personally love cards. I have a very strong math background, and I love playing cards. Now I could work a crappy job that I hate making what? 20 - 30 dollars an hour or I can average about 50 dollars an hour playing cards doing something that I really enjoy. Sure there will be times that I lose a couple games in a row, but all in all it makes me money and I enjoy it. And I can say the same thing about recording, minus the money part.
Old 18th May 2006
  #21
Lives for gear
 
Dave Peck's Avatar
 

Quote:
Originally Posted by booyah14
I don't know Dave, addiction is more complex than that. It is a mental disorder. I mean I have friends that have destroyed their familes and continue to do so even after all of that.
You are right that most addicts never do recover. It's a fact. Most go on to the bitter end, trying to convince themselves that they will somehow figure out how to engage in their destructive behavior without suffering the consequences.

But there is a percentage who do recover, and I'm talking about that percentage. That percentage can only recover once they hit bottom and know they have no other options (hence my advice not to 'rescue' them from their problems, which only allows them to continue the behavior). And once they have reached that point, it IS that simple (but it still ain't easy). There are all sorts of recovery programs that have lots of examples of people who have successfully ended their addictive behavior completely. I know that this is also a fact, because on this topic, I speak from experience.

DP
Old 18th May 2006
  #22
Lives for gear
 
abit's Avatar
 

No gambling incl Stocks..
Old 18th May 2006
  #23
Lives for gear
 
octatonic's Avatar
Quote:
Originally Posted by seaneldon
i work, man. 100%. up until moving to a new room this january, i've spent the last 4 years recording bands pretty much every single day (with the exception of when i was on tour). and the idea with the new room is to once again start working every single day. that's my job.

as stated before, i also tour the country (and internationally once or twice a year) playing music. and sometimes i'll even go around the country recording bands. that's my job, too.

gambling is not my source of income. not even close. $2,000 in one year from online gambling is absolutely not what i want to be worth. it's just an extra bonus. it's SLIGHTLY more than just leisure, but it never gets in the way of work. it's something i do AFTER work.

the casino games, yeah, that's almost 100% luck. poker is a different story. of course there's luck in the cards, but how you play them and how you manipulate everyone else at the table with your moves is the bigger picture. i happen to be pretty good at that. so i play poker. and a lot of the time, i win. i play online 3 nights a week, and once a week i play with the local fire department, and once a week i play at my old studio on long island with my former business partners.

but my real money DOES come from music. i get money from recording, i still get checks from my band's record that came out a year ago as well as the "final album" that came out in january. then i spend a portion of that money on playing cards, which is a hobby of mine. maybe slightly more than a hobby.
Thanks for your insights Sean- I guess as a hobby it could be a bit of an adrenaline rush.
Old 20th May 2006
  #24
Lives for gear
 

Quote:
Thanks for your insights Sean- I guess as a hobby it could be a bit of an adrenaline rush.
Heroine as a hobby is a "rush" as well. My father was a professional gambler since the 1960's and I can tell you guys alot about it. I've sat and watched 25k a hand rounds since I was 12 years old.

There is nothing good about it and it sucks the life out of you. I will say this though...Poker is a skill if your at a table where you are a better player than your opponent. That only lasts so long, because in the pro circles you start running out of games until your either playing against your peers of equal level, or playing against players that are better than you. In either case it becomes a matter of luck or in the latter case your a consistant loser. My father reached the pinnacle of his game, so in the end he was playing a game of chance with players of equal skill - whereby skill was factored out of the equation.

This is when your supposed to quit right? Wrong, because in the end it was an addiction driven habit. That's why these games lasted 12, 24, and more often than not 36 hours.

But don't ever kid yourself. Gambling is a vice, it's an addiction. It is clinically proven to be a product of either a neurochemical dysfunction or depression.

But here's the irony, an otherwise normal person who gets in the habit of gambling or are pre-occupied with gambling will eventually exhibit the same symptoms of depression and anxiety as those who have neurological deficiencies. Fortunately in this case, intervention and counceling can defeat the dependance.

Not to be a downer fellas, just a heads up that your playing with fire.
Old 28th May 2006
  #25
Gear Addict
 

Quote:
Robr- that sounds like an awful position to be put in.
How is your friend these days?
I didn't speak to him for a year and a half after he admitted the truth to a couple
of his most impressive lies.

The worst of which, I won't repeat.
The least of which involved telling me elaborate stories about
my ex-fiance's so-called sexual exploits and added heartless comments, the week she left me, which, kind of, made me suicidal at the time; as in, his stories were the last thing I remembered before I went to the hospital.

Anyway, he called and left me a birthday message that year, but I didn't return the call. I did return the call when he called me summer of 2005 (as I'm getting in a packed car and preparing to move across the country), crying about how is dad had 2 days to live.

So, I call him up, and he's like, "oh, yeah, he's fine".
Old 21st December 2017
  #26
Quote:
Originally Posted by octatonic View Post
I've recently bailed out a mate of mine (figuratively) who got in debt with online gambling and needed to sell some gear- so I bought it off him.
Now I find that he has blown all the cash again, rather than paying off the debt.

Now, I don't gamble- I never saw the point, but to me online gambling is totally pointless and worthless pursuit. Am I wrong?
Please, please, please can someone explain this to me?

James
I've never really been a gambler -- but I have been addicted to other activities and substances. Maybe if the deck of my life's cards had been shuffled differently, I might have become addicted to gambling at some point, who knows?

But one thing for sure 'saved me' -- my dad's not-particularly-beloved business partner (controlling interest much to my dad's continual chagrin) liked to give me 'spectacular' presents (which my dad felt was trying to 'buy me off' but I gratefully, even greedily accepted) and one of them was a 'complete' casino-in-a-box (from Milton Bradley?), with a bunch of casino card and dice games and even, yes, a little roulette wheel. Loved that wheel, crappy nylon bearings and all. I put in endless hours with it.

My elders were kind of horrified (especially my new age libertarian grandmother) but that 'casino' really taught me the fundamental lesson of organized gambling.

And, of course, we all know what's coming...

The House ALWAYS wins in the long run.


Too bad my old man made me give back all the money the one day I actually ran the wheel for real money with some of my friends.

Or... come to think of it... maybe it wasn't too bad. I mean, I don't think I would have wanted to go through life as a casino owner, no matter how much money I raked in. There's more to life than making money by ruining other's lives by servicing their addictions.
Old 22nd December 2017
  #27
I'm addicted to gambling, that's why I started a record label :P

In all seriousness, I have many friends who are either addicts or recovering addicts and I think it's a bit callous to just write off your loser friends lest you become a loser. That just doesn't seem very Christian to me...so here's what I do:

My policy is simple: No money. Not once, not ever.

The best way to make someone go away is to lend them $100. You'll never see them again.

But, again, I have friends that occasionally are in crisis. I had one show up on my doorstep when he was supposed to be 1200 miles away. (Figurative, called me from another part of town in the middle of the night asking for help.) I happily drove across town in the middle of the night, picked him up, and drove him to a detox center.

I've helped other friends navigate social safety net programs to get the help they needed, but never money. That doesn't help anyone.

When I'm playing downtown by the big homeless shelter, I get inundated with people asking for money/change. I don't tend to carry cash anymore, so what I do is offer to buy them dinner and then I take the few that truly want a meal to the halal cart, much to the chagrin of the proprietor (beyond me, he's selling a bunch of meals...) and make one large order and then everyone gets to sleep with a full stomach that night.

TLDR ver, cutting unsuccessful people out of your life is ****ty and Karma has a way of coming around, but be smart about how you help so you're not just enabling the behaviors.
Old 22nd December 2017
  #28
No gambling here. Maybe some lottery tickets from time to time.
Old 28th April 2018
  #29
Here for the gear
 

I like gambling and I see nothing bad in having it just like an other type of hobby smile I got an interest in it during my teenage years too, firstly it was just a love for playing cards and later through years I discovered for myself other types of it. Now it's a small hobby for me, another way to get some relax after work in the evening.
And speaking about my favourite games... Well, I adore poker, blackjack and online casinos, especially slots like Golden Goddess and roulette for them. But from my own experience I should mention that you should be careful with online ones, if you want to play, than it's really better to choose only licensed sites, there's much scam in this sphere and sometimes people had very unplesant issues with their bank cards because of this.
Old 28th April 2018
  #30
Gear Nut
 
JR Mastering's Avatar
 

I used to work for Betus.com. I was in there with the owners in 1997. They were GREAT guys and made millions, but that's a whole different story.

Sportsbook was 100% legit. Even better because the bonuses were great, but almost everyone lost. But that was on them. You pick the wrong team(s) you lose your money.

The blackjack, video poker, roulette, slots games they had, I'm not going to say were rigged, but the chance of winning was slim for the player. It played out like clockwork. They made 92% of all money played in these game. Example - if $100,000 was put in (and at least that was every week) they made $92,000 profit. Now technically but astronomically unlikely, out of the $8,000 not taken by the casino, one guy might have played $1 and won $8,000 or $500. It's possible.

But the point is, overall the odds are hugely against you!
Post Reply

Welcome to the Gearslutz Pro Audio Community!

Registration benefits include:
  • The ability to reply to and create new discussions
  • Access to members-only giveaways & competitions
  • Interact with VIP industry experts in our guest Q&As
  • Access to members-only sub forum discussions
  • Access to members-only Chat Room
  • Get INSTANT ACCESS to the world's best private pro audio Classifieds for only USD $20/year
  • Promote your eBay auctions and Reverb.com listings for free
  • Remove this message!
You need an account to post a reply. Create a username and password below and an account will be created and your post entered.


 
 
Slide to join now Processing…
Thread Tools
Search this Thread
Search this Thread:

Advanced Search
Forum Jump
Forum Jump