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Gamble life savings on one spin in Vegas?

Discussion in 'The Okie Corral' started by Retseh, Mar 28, 2010.

  1. Retseh

    Retseh

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  2. BobbyT

    BobbyT

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    Didn't work for me, but here's a youtube link:
    http://www.youtube.com/watch?v=zGCdBsOIKYA

    Win-win for all involved, since the casino will obviously get a ton of action from the publicity, but awful odds for him if you think about it. He had to make probably 300 grand to have 200 grand after taxes, then bet it to either make another 200 (which he immediately forfeited half of to taxes), or lose everything.

    Ouch.
     

  3. PBCounty

    PBCounty

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    I know plenty who have done it....usually recently retired police / fire workers for some reason. They gamble their whole savings and sometimes lump payment pensions on goofy business deals. They end up moving into a 1br apartment and begin working for me.

    Moral of the story, bad idea.
     
    Last edited: Mar 28, 2010
  4. GreyEclipse

    GreyEclipse TheGreyEclipse

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    Gambling is dumb, dumber and dumbest.
     
  5. JuneyBooney

    JuneyBooney

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    I agree.
     
  6. Dalton Wayne

    Dalton Wayne Epic mustache Millennium Member

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    Why for the life of me would anyone do that :dunno:
     
  7. PBCounty

    PBCounty

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  8. Annhl8rX

    Annhl8rX

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    I disagree. Gambling can be great entertainment...if you approach it as just that. Any time I gamble, I allocate an amount I'm willing to lose. If you do it that way, it's no different than spending the money on a movie, concert, or show. The problem comes when people view it as an investment, or can't stick to their set limit to lose.
     
  9. Peace Warrior

    Peace Warrior Am Yisrael Chai CLM

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    Gambling is a strange bug. I like games that are the same odds for each gambler. He made good. I wonder if the casino shows all the videos of the people who lost? :whistling:

    I recall a story of a guy doing this with substantially more money. He won. Bet half, won. Bet half, won. This went on until he had like 3 or 4 mill. He then went to a casino that would cover ALL bets. He lost it all in a few days playing black jack.
     
  10. silentpoet

    silentpoet

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    I don't know if any casino would take a 35 cent bet.
     
  11. SheepleNoMore

    SheepleNoMore

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    Gambling is for mathematically challenged.
     
  12. #1glocker19

    #1glocker19 venivedivici

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    Local pub owner who was over 400k in debt flew to vegas, bet everything he had. He later shot himself in his hotel room.
     
    Last edited: Mar 28, 2010
  13. elsolo

    elsolo

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    Anybody who would bet their life savings on one spin, or one hand of cards, or one roll of dice, would gamble again depite the outcome.

    If you win, you'll be drawn back to repeat your good luck.
    If you lose, you'll spend your life chasing that loss trying to win it back.

    I consider gambling to be about the same as cocaine, except you'll spend your money a lot faster and be treated like a king while doing it.
    It's expensive "entertainment", and the only way to come out ahead is by being the dealer.
     
  14. Bruce H

    Bruce H

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    Going to bet the whole wad at once are we.:rofl::rofl:
     
  15. american lockpicker

    american lockpicker License to Il

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    My father once told me of a parishioner that went to one of his churches that was 78 and gambled away all her life savings and lost her house and everything. I personally think gambling should be illegal.
     
  16. devildog2067

    devildog2067

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    Why is that?
     
  17. walt cowan

    walt cowan

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    his money, his life. opps! forgot the dem's are running the show.
     
  18. Geeorge

    Geeorge Sarcasm Inc.

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    I'm big into gambling.

    I play $2 on the powerball and $2 on the hoosier lotto per drawing,the $8 a week is hard to live without,but I have to have some hope:wavey:
     
  19. silentpoet

    silentpoet

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    Unless they would let me bid the quarter and then the dime.
     
  20. grendelprime

    grendelprime

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    Already done that, but without the excitement.

    RIP 401K.