Profit or a loss?

[tower55]

Jon, if you're still unconvinced, then the thing to do is to keep track of each and every bet that you place in the casino.

You win $5. Then you lose $5. Then you win $10, win $5, lose $25, lose $5, win $10, etc. etc. etc. You've experienced ALL of those wins and loses. If you tell somebody about the experience, don't forget to mention ANY of them.

But what's the final effect on your wallet, when you quit?



One of the big psychological traps at the casino, of course, especially with games like the slot machines, is that players remember the one or two big jackpots they win during a playing session and forget all the little accumulated losses they had before and after those payoffs.

At one of those examples, you will hit a HIGH (its hindsight of course), you have the *CHOICE* to leave (quit) OR try your luck and play on. Even if it is only CHIPS, they are your chips and you are free to get off your seat at any time and cash them in. No one has a gun to a persons head and tells them to continue playing.
IT IS YOUR MONEY AT THAT TIME (profit/chips).

Just because a person is still on the property of the casino, does not mean its not YOUR MONEY. This notion of......its only a profit when you walk out, is kind of funny. Like I said, different views on this, not a big thing.

Jon

[Tattooed Whore]

If you go out to dinner and a show, you could easily spend $100 or more a person for the evening and there is absolutely no chance whatsoever you will "win" anything as a result of your "investment."

I can't believe Tattooed Whore left that one alone...

t.

I forgot--we listened to a radio station from Fayetteville for most of the trip!

[Tattooed Whore]

Jon, if you're still unconvinced, then the thing to do is to keep track of each and every bet that you place in the casino.

You win $5. Then you lose $5. Then you win $10, win $5, lose $25, lose $5, win $10, etc. etc. etc. You've experienced ALL of those wins and loses. If you tell somebody about the experience, don't forget to mention ANY of them.

But what's the final effect on your wallet, when you quit?



One of the big psychological traps at the casino, of course, especially with games like the slot machines, is that players remember the one or two big jackpots they win during a playing session and forget all the little accumulated losses they had before and after those payoffs.

At one of those examples, you will hit a HIGH (its hindsight of course), you have the *CHOICE* to leave (quit) OR try your luck and play on. Even if it is only CHIPS, they are your chips and you are free to get off your seat at any time and cash them in. No one has a gun to a persons head and tells them to continue playing.
IT IS YOUR MONEY AT THAT TIME (profit/chips).

Just because a person is still on the property of the casino, does not mean its not YOUR MONEY. This notion of......its only a profit when you walk out, is kind of funny. Like I said, different views on this, not a big thing.

Jon

I'm not sure just how old you are, or what your gambling experience is, but there is a phrase "playing with the house's money" that covers the money you gamble after you've won it. And any chips you find on the floor are property of the house, no matter who dropped them. Also, a casino can refuse to cash your chips. So, legally and technically, chips are not your money.

-An old person whose hobby is gambling.

[tower55]

Jon, if you're still unconvinced, then the thing to do is to keep track of each and every bet that you place in the casino.

You win $5. Then you lose $5. Then you win $10, win $5, lose $25, lose $5, win $10, etc. etc. etc. You've experienced ALL of those wins and loses. If you tell somebody about the experience, don't forget to mention ANY of them.

But what's the final effect on your wallet, when you quit?



One of the big psychological traps at the casino, of course, especially with games like the slot machines, is that players remember the one or two big jackpots they win during a playing session and forget all the little accumulated losses they had before and after those payoffs.

At one of those examples, you will hit a HIGH (its hindsight of course), you have the *CHOICE* to leave (quit) OR try your luck and play on. Even if it is only CHIPS, they are your chips and you are free to get off your seat at any time and cash them in. No one has a gun to a persons head and tells them to continue playing.
IT IS YOUR MONEY AT THAT TIME (profit/chips).

Just because a person is still on the property of the casino, does not mean its not YOUR MONEY. This notion of......its only a profit when you walk out, is kind of funny. Like I said, different views on this, not a big thing.

Jon

I'm not sure just how old you are, or what your gambling experience is, but there is a phrase "playing with the house's money" that covers the money you gamble after you've won it. And any chips you find on the floor are property of the house, no matter who dropped them. Also, a casino can refuse to cash your chips. So, legally and technically, chips are not your money.

-An old person whose hobby is gambling.

43 with a ton of 'gambling experience'. Your example sounds a bit like denial, IMO. Thats like saying.......well, when you leave the casino, a gust of wind MIGHT come along and blow all your money out of your wallet......"it could happen".

Its REAL SIMPLE......if you are in profit (with chips), can you QUIT for the day? YES or NO? Is casino staff FORCING you to play on? YES or NO?

Jon

[Tattooed Whore]

At one of those examples, you will hit a HIGH (its hindsight of course), you have the *CHOICE* to leave (quit) OR try your luck and play on. Even if it is only CHIPS, they are your chips and you are free to get off your seat at any time and cash them in. No one has a gun to a persons head and tells them to continue playing.
IT IS YOUR MONEY AT THAT TIME (profit/chips).

Just because a person is still on the property of the casino, does not mean its not YOUR MONEY. This notion of......its only a profit when you walk out, is kind of funny. Like I said, different views on this, not a big thing.

Jon

I'm not sure just how old you are, or what your gambling experience is, but there is a phrase "playing with the house's money" that covers the money you gamble after you've won it. And any chips you find on the floor are property of the house, no matter who dropped them. Also, a casino can refuse to cash your chips. So, legally and technically, chips are not your money.

-An old person whose hobby is gambling.

43 with a ton of 'gambling experience'. Your example sounds a bit like denial, IMO. Thats like saying.......well, when you leave the casino, a gust of wind MIGHT come along and blow all your money out of your wallet......"it could happen".

Its REAL SIMPLE......if you are in profit (with chips), can you QUIT for the day? YES or NO? Is casino staff FORCING you to play on? YES or NO?

Jon

Uhhh...once I leave the casino, then it is my money. Different thing. And inside the casino, I personally can quit while I'm ahead, but even if I choose to keep playing and I leave just one dollar ahead IT'S STILL A PROFIT. By DEFINITION. What you make, minus what you spend, is a profit!

I've been trying to decide if you are dense or deliberately argumentative, and I've come to the conclusion you're both. You'll find plenty of company here. Welcome.

[MarleysGh0st]

Jon, if you're still unconvinced, then the thing to do is to keep track of each and every bet that you place in the casino.

You win $5. Then you lose $5. Then you win $10, win $5, lose $25, lose $5, win $10, etc. etc. etc. You've experienced ALL of those wins and loses. If you tell somebody about the experience, don't forget to mention ANY of them.

But what's the final effect on your wallet, when you quit?



One of the big psychological traps at the casino, of course, especially with games like the slot machines, is that players remember the one or two big jackpots they win during a playing session and forget all the little accumulated losses they had before and after those payoffs.

At one of those examples, you will hit a HIGH (its hindsight of course), you have the *CHOICE* to leave (quit) OR try your luck and play on. Even if it is only CHIPS, they are your chips and you are free to get off your seat at any time and cash them in. No one has a gun to a persons head and tells them to continue playing.
IT IS YOUR MONEY AT THAT TIME (profit/chips).

Just because a person is still on the property of the casino, does not mean its not YOUR MONEY. This notion of......its only a profit when you walk out, is kind of funny. Like I said, different views on this, not a big thing.

Jon

You're not responding to what I wrote, Jon. Sure, you have a choice with every single bet you take. As I wrote above, it is certainly valid (though tedious) to keep track of every single profit and loss from every single bet you make. Every single one is real. And go ahead and load up your description with all the after-the-fact emotional details, like "why didn't I walk away when (in retrospect) my bank roll had reached its high point?"

I'm not going to stop you from doing so, since you seem to want to belabor the point.

But I still want to know (and, in aggregate for all their customers, the casino still wants to know): did you leave with more money than you arrived with, or didn't you?

[Estonut]

This is always an interesting question, its somewhat gambling related. There is no right/wrong answer, it kind of depends on your view.

That being said >> You walk into the casino with $500 and start playing a couple of your favorite games. At some point, you get your total up to $800......you eventually leave the casino with $600 (total).

Did you win or lose money?

OK, Jon, you see this as a loss.

Change the scenario around. Walk in with $500, get your total down to $200 and eventually leave the casino with $400. To you, is this a win?

[Sistine Fanny]

I'm not sure just how old you are, or what your gambling experience is, but there is a phrase "playing with the house's money" that covers the money you gamble after you've won it. And any chips you find on the floor are property of the house, no matter who dropped them. Also, a casino can refuse to cash your chips. So, legally and technically, chips are not your money.

-An old person whose hobby is gambling.

43 with a ton of 'gambling experience'. Your example sounds a bit like denial, IMO. Thats like saying.......well, when you leave the casino, a gust of wind MIGHT come along and blow all your money out of your wallet......"it could happen".

Its REAL SIMPLE......if you are in profit (with chips), can you QUIT for the day? YES or NO? Is casino staff FORCING you to play on? YES or NO?

Jon

Uhhh...once I leave the casino, then it is my money. Different thing. And inside the casino, I personally can quit while I'm ahead, but even if I choose to keep playing and I leave just one dollar ahead IT'S STILL A PROFIT. By DEFINITION. What you make, minus what you spend, is a profit!

I've been trying to decide if you are dense or deliberately argumentative, and I've come to the conclusion you're both. You'll find plenty of company here. Welcome.

He doesn't argue. I said something before about him being argumentative, but then he started to arg.... uh, corrected my misapprehension.

I never count a win or loss until I'm not only out of the casino, but on the way home. Although when I've hit a big jackpot and I'm not going home right away I have them give the majority of it to me by check and then immediately put it in an envelope and mail it home. Not the next day, not later on that night, immediately!

If I'm in Cripple Creek and I hit something really big, I have to give it to my sister and tell her that she's not allowed to give it back to me under any circumstances. Has to be my sister, the rest of my family are gamblers like me and they'll give it back to me, sometimes I don't even have to pitch a fit about it....

I have a genetic deficiency which makes it almost impossible for me to reach the 'cash out' key on a machine, so about the only way I can make money is if they have to hand pay. But even that isn't foolproof, all that really does is add an extra step to pissing it all away.

[littlebeast13]

I expected crappy paybacks, since you were a captive audience there. I hit quad 5s on a video poker machine, which accounted for me not losing on the trip...

With the exception of Las Vegas and Atlantic City (and maybe one or two other places), where there's literally another casino next door, you're essentially a captive audience anywhere you choose to go to gamble in this country since there's little readily available alternative. There's an Indian casino in Cherokee, NC, maybe 150 miles (in the mountains) from here. If people get there and don't like the games (they actually have video blackjack with a human "dealer"), it's a long haul to the next casino.

The casinos along the Mississippi and Missouri many not have others within walking distance but there are others close by to drive to in every city I'm aware of. It's only the Indian casinos that are isolated.

I think people who don't live near the major rivers in the Midwest would be shocked at how casinos have sprung up like wildfire around here over the past 2 decades. There are 6 casinos within 30 miles of me, there are about as many in the Kansas City area, and there's one in between us....

lb13

[littlebeast13]

43 with a ton of 'gambling experience'. Your example sounds a bit like denial, IMO. Thats like saying.......well, when you leave the casino, a gust of wind MIGHT come along and blow all your money out of your wallet......"it could happen".

Its REAL SIMPLE......if you are in profit (with chips), can you QUIT for the day? YES or NO? Is casino staff FORCING you to play on? YES or NO?

Jon

REAL SIMPLE question: Who is FORCING you to ask all of these YES or NO questions that you absolutely believe beforehand that you have the only correct answer to? These are almost as bad, if not worse, than the baited subject line political threads....

lb13

[tower55]

We dont agree, I won't lose sleep over it. Have a great day.

Jon

[MarleysGh0st]

So let's go back to the original question, Jon.

This is always an interesting question, its somewhat gambling related. There is no right/wrong answer, it kind of depends on your view.

That being said >> You walk into the casino with $500 and start playing a couple of your favorite games. At some point, you get your total up to $800......you eventually leave the casino with $600 (total).

Did you win or lose money?

Jon

Tell us how you would describe your visit to the casino and we'll tell you if your report is accurate or inaccurate.