Anybody here ever make money gambling?

[MoKelly]

Only gamble on college football. But, its for fun and definitely not to make money.

MoKelly

 

[timswi]

The wife likes the one-arm bandits...We go once or twice a year and she relieves me of $300 each time...I just follow her around and drink beer, cheaper (I think)...One time she gave me a couple of tokens and told me to feed the machine next to her, I did and hit it for $450...I was done.

 

[JDgreen227]

The wife likes the one-arm bandits...We go once or twice a year and she relieves me of $300 each time...I just follow her around and drink beer, cheaper (I think)...One time she gave me a couple of tokens and told me to feed the machine next to her, I did and hit it for $450...I was done.

And did you give her the $450 because you were playing with her stake? Seems that would be the fair thing to do.

 

[grsthegreat]

The only time i made money gambling was when i worked on a cattle ranch in Montana back in the 1980's. Every weekend we would all head into town to drink and gamble. The bars (house) in Montana ran the table taking a small draw off of every pot (the house did not have a hand in the game). Back then i quit drinking and i was the only sober man at the tables. I won every weekend. Nearly doubled my weekly salary.

Did this for 2 years. took winnings and bought a Ford bronco .

 

[Tomtint]

Some friends were on vacation with us. They were gamblers we are not. They walked away with 37K over the weekend..... Me ... I just watched. I figure they dont build those 50 Ft tall glass and marble foyers because everyone is winning.

 

[beppington]

What definition of gambling are we talking about here?

A lot of people seem to consider the stock market gambling.

In that case I've been gambling every day since 1990.

But have I made any money on it? Not yet! (not retired)


(Actually I have made some: Dividends)

 

[MossRoad]

Thinking back on it, the first time I played games for money was in Boy Scouts. We were on a survival hike during a Brown Sea adventure with no adult supervision. I was maybe 13. Some older kids started playing black jack for pocket change. They asked me if I wanted to play. I'd been playing black jack since I was a little kid, but only for chips at home. Never money. Anyhow, I cleaned them out. Then I got threatened with bodily harm. I gave it back and got the heck out of there. I was a tiny little dude back then and it seemed prudent at the time. :laughing:

 

[JDgreen227]

What definition of gambling are we talking about here?

A lot of people seem to consider the stock market gambling.

In that case I've been gambling every day since 1990.

But have I made any money on it? Not yet! (not retired)


(Actually I have made some: Dividends)

If GIC's are considered gambling, I have been gambling every day since about 1978, and although retired, I still do. Never made much more than 6% return during the last ten years, but never LOST a penny, either. My kinda betting...low risk, stable return.

 

[MossRoad]

Now THIS is what I call gambing!!! :laughing:

 

[Reg]

I put $10 on a horse a few years ago, only because I knew her owner.
She came in at 38:1 - I haven't bet since.
What I learned from that was that he was entering her, withdrawing her, entering her again, etc in different races all week, according to who else was entering which other horses.
Like, Duhh...~ of COURSE they are playing the odds (/probabilities) from that side of the table too. Owners, trainers, jockeys all do the math to figure who they want to compete against, this week as well as next season (-:
Though sand bagging per se is almost certainly illegal ...
It affects future race odds as the stats get rolled forwards.

I know about odds vs probability, I still put $5 on powerball maybe once or twice a year.
An almost certain very small loss, a massive potential gain - probability of gain essentially zero, just a pipe dream.

It is loaded in favor of the house, of course it is.
The tragedy is that it attracts those who can least afford it )-;
Not that I can "afford" to throw money around (/away).