Profit or a loss?

[tower55]

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

[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?

Yes, there is a right answer. You won $100. In a casino, the money isn't real until you cash in your chips. If going from $800 to $600 is being considered a "loss," it is still offset by going from $500 to $800, which must, then, be considered a "win".

[tower55]

"the money isn't real until you cash in your chips" >>> Even if it is chips, no one is forcing you to continue play, you CAN QUIT if you so choose.

If I wanted, I could change up the question. At $800, you DO cash in your chips for money because you want to leave. You then change your mind and go back to playing, eventually leaving with $600 total. A loss or a profit for your visit?

Jon

[Estonut]

the money isn't real until you cash in your chips

Even if it is chips, no one is forcing you to continue play, you CAN QUIT if you so choose.

If I wanted, I could change up the question. At $800, you DO cash in your chips for money because you want to leave. You then change your mind and go back to playing, eventually leaving with $600 total. A loss or a profit for your visit?

Does "your visit" refer to both gambling sessions, or just the latter one?

[MarleysGh0st]

If you're playing at a casino, you're placing many different bets; some will be winners and some losers. The net at the end of the {day, vacation trip, year, lifetime} is what matters. Sure, you can probably say you might have quit earlier before losing some of your accumulated winnings, but you also might have won more than if you left early.

[tower55]

"Does "your visit" refer to both gambling sessions, or just the latter one?" >>> The 'visit' is a one time thing, you never LEFT the casino.......both gambling sessions.


Jon

[tower55]

If you're playing at a casino, you're placing many different bets; some will be winners and some losers. The net at the end of the {day, vacation trip, year, lifetime} is what matters. Sure, you can probably say you might have quit earlier before losing some of your accumulated winnings, but you also might have won more than if you left early.

So.....plus $100.

"you can probably say you might have quit earlier before LOSING some of your accumulated winnings" >>> Yeah, you could say that.

Jon

[silverscreenselect]

You buy a stock at $50 a share. It goes up to $80 a share. It goes down to $60 a share when you sell it.

You earned $10 a share. Same principle.

You don't realize a gain or a loss until you dispose of an asset. Until you walk out of the casino, you don't win or lose.

Which is why it's a good idea to walk out when you're ahead.

[tower55]

You buy a stock at $50 a share. It goes up to $80 a share. It goes down to $60 a share when you sell it.

You earned $10 a share. Same principle.

You don't realize a gain or a loss until you dispose of an asset. Until you walk out of the casino, you don't win or lose.

Which is why it's a good idea to walk out when you're ahead.

....but you CHOSE (thats the key IMO, free will) not sell at $80, correct?

You took a CHANCE it would go higher but you did not have to.

We disagree on the subject, not a big deal.

Jon

[Bob Juch]

You buy a stock at $50 a share. It goes up to $80 a share. It goes down to $60 a share when you sell it.

You earned $10 a share. Same principle.

You don't realize a gain or a loss until you dispose of an asset. Until you walk out of the casino, you don't win or lose.

Which is why it's a good idea to walk out when you're ahead.

....but you CHOSE (thats the key IMO, free will) not sell at $80, correct?

You took a CHANCE it would go higher but you did not have to.

We disagree on the subject, not a big deal.

Jon

How is that different from gambling? Buying stocks is gambling.

[littlebeast13]

If a pest were to see bug spray in their dream, would it be effective?

lb13

[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.

[MarleysGh0st]

If a pest were to see bug spray in their dream, would it be effective?

lb13

Found it!

[SportsFan68]

If a pest were to see bug spray in their dream, would it be effective?

lb13

That is an excellent avatar. It will win.

[minimetoo26]

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

You won money. That's what your question asked. It is an actual win, although it is a psychological loss.

This happened to my sister this weekend. She would text me pictures of her jackpots and a cashout ticket for over one thousand dollars. I asked her how the week ended and she was bummed to be coming home with $300. I told her even winning $1 was still winning, because I expect to lose.

I took my son on a casino boat this weekend. We had never done something like that before, but my husband noticed the age limit was 18. The water was unexpectedly choppy and you couldn't walk without hanging on to something and people were lying on the floor or curled up in chairs or puking all over the bathroom. I was fine but my son needed Dramamine.

I ended the night up $4.50. My son lost $49. However, he was excited to be able to do something "forbidden" in most places and said he would do it again even though he didn't win money and was green the whole time. It was a psychological win but an actual cash loss.

[MarleysGh0st]

I took my son on a casino boat this weekend. We had never done something like that before, but my husband noticed the age limit was 18. The water was unexpectedly choppy and you couldn't walk without hanging on to something and people were lying on the floor or curled up in chairs or puking all over the bathroom. I was fine but my son needed Dramamine.

I ended the night up $4.50. My son lost $49. However, he was excited to be able to do something "forbidden" in most places and said he would do it again even though he didn't win money and was green the whole time. It was a psychological win but an actual cash loss.

Congratulations to Stephen on experiencing another rite of passage.

And I'm sorry that your clever psychological ploy didn't work. You wanted him to associate gambling with the feeling of nausea so that he'd never want to get near a casino again, right?


Edited to avoid wrath of the Grammar Nazis.

[silverscreenselect]

I ended the night up $4.50. My son lost $49. However, he was excited to be able to do something "forbidden" in most places and said he would do it again even though he didn't win money and was green the whole time. It was a psychological win but an actual cash loss.

Most people should view moderate amounts of gambling as a form of entertainment and not an "investment." 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." Or you could spend that same $100 for several hours in a casino and for some people get an equal amount of enjoyment plus have a chance to actually win something.

It's whatever makes you happy as long as you keep things in reason.

[minimetoo26]

I took my son on a casino boat this weekend. We had never done something like that before, but my husband noticed the age limit was 18. The water was unexpectedly choppy and you couldn't walk without hanging on to something and people were lying on the floor or curled up in chairs or puking all over the bathroom. I was fine but my son needed Dramamine.

I ended the night up $4.50. My son lost $49. However, he was excited to be able to do something "forbidden" in most places and said he would do it again even though he didn't win money and was green the whole time. It was a psychological win but an actual cash loss.

Congratulations to Stephen on experiencing another right of passage.

And I'm sorry that your clever psychological ploy didn't work. You wanted him to associate gambling with the feeling of nausea so that he'd never want to get near a casino again, right?

I had no clue it would be rough, and the crew was also caught off guard. It was smooth sailing on the morning trip. My step-m-i-l does the cruise frequently and nothing like that had ever happened to her. Plus, Stephen rides coasters with me and had no problem with them, so the motion sickness was a first. I knew Steve would have been miserable since he doesn't do coasters or boats.

He knows casinos aren't a winning proposition, and he's a cautious sort by nature so he stuck to betting the minimum. It was just fun for him to do something for the first time, and I was there to keep an eye on him...

[littlebeast13]

I took my son on a casino boat this weekend. We had never done something like that before, but my husband noticed the age limit was 18. The water was unexpectedly choppy and you couldn't walk without hanging on to something and people were lying on the floor or curled up in chairs or puking all over the bathroom. I was fine but my son needed Dramamine.

I ended the night up $4.50. My son lost $49. However, he was excited to be able to do something "forbidden" in most places and said he would do it again even though he didn't win money and was green the whole time. It was a psychological win but an actual cash loss.

Congratulations to Stephen on experiencing another right of passage.

And I'm sorry that your clever psychological ploy didn't work. You wanted him to associate gambling with the feeling of nausea so that he'd never want to get near a casino again, right?

I had no clue it would be rough, and the crew was also caught off guard. It was smooth sailing on the morning trip. My step-m-i-l does the cruise frequently and nothing like that had ever happened to her. Plus, Stephen rides coasters with me and had no problem with them, so the motion sickness was a first. I knew Steve would have been miserable since he doesn't do coasters or boats.

He knows casinos aren't a winning proposition, and he's a cautious sort by nature so he stuck to betting the minimum. It was just fun for him to do something for the first time, and I was there to keep an eye on him...

The first time I was introduced to a penny slot machine 12 years ago in Tunica, I was betting 9 cents a spin (One penny for each line) and having an absolute ball. I might have lost $10 over the course of 3 hours....

Man, where did those days go....

lb13

[minimetoo26]

Congratulations to Stephen on experiencing another right of passage.

And I'm sorry that your clever psychological ploy didn't work. You wanted him to associate gambling with the feeling of nausea so that he'd never want to get near a casino again, right?

I had no clue it would be rough, and the crew was also caught off guard. It was smooth sailing on the morning trip. My step-m-i-l does the cruise frequently and nothing like that had ever happened to her. Plus, Stephen rides coasters with me and had no problem with them, so the motion sickness was a first. I knew Steve would have been miserable since he doesn't do coasters or boats.

He knows casinos aren't a winning proposition, and he's a cautious sort by nature so he stuck to betting the minimum. It was just fun for him to do something for the first time, and I was there to keep an eye on him...

The first time I was introduced to a penny slot machine 12 years ago in Tunica, I was betting 9 cents a spin (One penny for each line) and having an absolute ball. I might have lost $10 over the course of 3 hours....

Man, where did those days go....

lb13

Most of the video slots on the boat were nickel slots with 20+ lines, so minimum was a buck. We did like the Hexbreaker with 13 lines, though!

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...

[silverscreenselect]

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.

[minimetoo26]

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 poker schedules were wretched there. I just got a lucky hit. But I was thrilled to find full pay machines at Fort McDowell near Fountain Hills in AZ. Probably because of the two Casino Arizonas in Scottsdale, which are very nice facilities. There are also three Gila River casinos in the southern part of the metro area, but I don't go there because my AZ neighbor works there so she doesn't play there.

Competition keeps it better for the players!

[Bob Juch]

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.

[tower55]

You buy a stock at $50 a share. It goes up to $80 a share. It goes down to $60 a share when you sell it.

You earned $10 a share. Same principle.

You don't realize a gain or a loss until you dispose of an asset. Until you walk out of the casino, you don't win or lose.

Which is why it's a good idea to walk out when you're ahead.

....but you CHOSE (thats the key IMO, free will) not sell at $80, correct?

You took a CHANCE it would go higher but you did not have to.

We disagree on the subject, not a big deal.

Jon

How is that different from gambling? Buying stocks is gambling.

I never said it was different......I agree with you.

Jon

[tlynn78]

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.