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Thread: The Saying......

  1. #1
    I LOVE this saying but it means different things to different people. Do YOU agree with this? >>> Its not gambling if you can afford to lose.

    Ken

  2. #2
    I have to disagree. Gambling is gambling whether you can afford to lose or not.

  3. #3
    I'll make an easy example. We are going to flip a quarter ONE time. You get heads and I get tails. We'll bet one lousey dollar. Surely we both can afford $1. Are we gambling? I dont think there is a right or wrong answer......it kind of depends on how you look at it.

    Ken

  4. #4
    I heard this years ago regarding the definition of a GAMBLING PROBLEM >> Lets say for the past 20 years, a guy bets during every NBA season. He bets exactly 3 games per week, never raises or lowers his bets. He goes 2-1 EVERY week without fail. (its pretend, play along)

    Does this guy have a "gambling problem"?

    Ken

  5. #5
    Originally Posted by mr jjj View Post
    I'll make an easy example. We are going to flip a quarter ONE time. You get heads and I get tails. We'll bet one lousey dollar. Surely we both can afford $1. Are we gambling? I dont think there is a right or wrong answer......it kind of depends on how you look at it.

    Ken
    Yes, you are gambling on a coin flip. How is it not gambling? I never saw gambling defined as having a dollar amount. As a kid we gambled flipping baseball cards.

  6. #6
    Originally Posted by mr jjj View Post
    I heard this years ago regarding the definition of a GAMBLING PROBLEM >> Lets say for the past 20 years, a guy bets during every NBA season. He bets exactly 3 games per week, never raises or lowers his bets. He goes 2-1 EVERY week without fail. (its pretend, play along)

    Does this guy have a "gambling problem"?

    Ken
    I don't think you define a gambling problem by frequency or by dollar amount. A gambling problem I think refers to its impact on your ability to carry on with your non-gambling life.

    I know people who gamble every day -- some with big money others with small money. They spend their time in a casino each day and then go to work and go home and this is their routine for a few hours. Do they have a problem? I don't think so.

  7. #7
    Losing the rent, car payment and grocery money etc. etc.= gambling problem

  8. #8
    I have talked to quite a few people that will say......even if you are a constant winner, the fact that you are "always" betting, defines you as a person with a gambling problem. I dont agree but who am I to judge?

    Ken

  9. #9
    There are people who will call being in a lottery pool at the office a "gambling problem."

    And then there is my personal favorite: "I only have a gambling problem when I lose."

  10. #10
    I saved the best for last. I'm telling ya, ask 100 people this and you'll get 50/50 answers. >>

    You walk into the casino with $600. You play a couple of your favorite games and you get your TOTAL up to $900 (+$300). You continue playing and you get on a mini-losing streak. You quit and LEAVE the casino with $700 (total). Did you win or lose money?

    Ken

  11. #11
    Originally Posted by mr jjj View Post
    I saved the best for last. I'm telling ya, ask 100 people this and you'll get 50/50 answers. >>

    You walk into the casino with $600. You play a couple of your favorite games and you get your TOTAL up to $900 (+$300). You continue playing and you get on a mini-losing streak. You quit and LEAVE the casino with $700 (total). Did you win or lose money?

    Ken
    What do you tell your friends? Do you tell them you left with $100 more than you started with? That's all I would say because that's all that matters.

  12. #12
    I'm only quoting what OTHERS have stated. You were UP $300, you now have $900. It is YOUR money, the casino does not make you STAY and bet longer. That $900 is yours and you CHOSE to continue playing.

    I have read that PRO gamblers will say they lost $200 for that casino visit.

    Ken

  13. #13
    Originally Posted by mr jjj View Post
    I have read that PRO gamblers will say they lost $200 for that casino visit.

    Ken
    That would be a nonsensical thing to say because of the qualifier "for that casino visit." If they said they lost $200 from their peak or high point I could understand that. But the qualifier of "casino visit" means you must state the difference between your starting bankroll and the amount you walked out with.

    The issue is not the perception of profits, but an understanding of the English language.

  14. #14
    I guess it depends on how its explained..... Did you lose money on THAT casino visit?

    Walking in the door and walking out the door, not really sure where/how/if, that even fits. I'll tell ya what though. Re-word it however you want and ask some of your friends and see if everyone agrees with each other.

    Ken

  15. #15
    Originally Posted by mr jjj View Post
    I I'll tell ya what though. Re-word it however you want and ask some of your friends and see if everyone agrees with each other.

    Ken
    It depends if they want to be a wise ass or not. I just had a conversation about this subject and I used this as my example: "I came in with $200 and got up to $2000 and lost almost all of it and left with $300."

    My friend responded: "OK you had a hundred dollar profit."

  16. #16
    Now I would say you lost money (IMO).

    Ken

  17. #17
    Originally Posted by mr jjj View Post
    Now I would say you lost money (IMO).

    Ken
    I did lose money, from the peak. I had a profit on the session. Define your parameters before deciding what is and what isn't a profitable period.

  18. #18
    Walking in >> Starting BR.
    What was your HIGHEST PEAK (if at all) during gambling?
    Walking out >> Ending BR.

    Ken

  19. #19
    I'll tell ya what though. Re-word it however you want and ask some of your friends and see if everyone agrees with each other.

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