Tuesday, September 08, 1998

How To Win at Gambling Every Time
by Stephen McCurdy ([email protected])

As a Fool of three year's standing, I hold with the view that gambling is no way to increase one's wealth. The best that can be said for it is that, for some people at least, it has entertainment value. I find this view reasonable, because it puts my own willingness to lose in perspective: if I am willing to spend $8 to $10 to enjoy a two-hour movie, losing about that much in two hours of gambling seems reasonable. For my money, any more than that takes it out of the realm of entertainment and into the world of financial pain.

My father, however, recently told me how he can have hours upone hours of fun at gambling and win every time. He buys himself a drink and sits down in a Keno lounge and chooses the numbers he would like to bet. Now here's the secret: He never places a bet. He merely writes the numbers down. Then, as the winning numbers are shown, he calculates how much he would have lost (or rarely, won) had he made the bet.

At the end of an hour or two he looks with great satisfaction at how much money he saved and has no pangs of conscience using some of it to enjoy a nice dinner.

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