Pshaw.
Sure, he gambled for lesser stakes because he lacked the money to bet at the higher levels he once played at.
Riddle me this: if his gambling hadn't "hurt" him financially, why didn't he have more money at the end?
He was a celebrity earlier, he had an e-tail business...where was all the money from his lifetime?
The casinos got most of it.
Alan was a gamblin' man playing negative expectation games, often at a pretty high level, while not having an edge / not being an AP.
Which is how it goes...how it's gone for me...I've pissed away $70K to date gambling: it happens.
But $70K is pin money for me: with my savings, my investments, and my investment income I could lose a lot more and not sweat it.
We pays our money and makes our choices.