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MasterGambler
 

Registered: Jul 2012
Posts: 68

 

08-20-12 12:11 AM

If you admit it or not.

Starting a business, getting married, going to a job interview, trading, driving to work, and etc...

Everything has a risk, and most things have a reward. There is a statistical odds factor's which can be calculated out pretty well for nearly everything.

Even taking your next breath of air is a gamble because there might be some deadly pathogen or virus you breathe in. The risk of this gamble not paying off is very small, and if the gamble isn't taken you will die...

When you go to sleep you are gambling that you will wake up. There is a slight odds factor that you won't wake up and will suffocate in your sleep from sleep apnea or something.

Driving on a highway is one of the riskiest gambles Americans take every day. The rewards of the gamble are that they can get to work and get a paycheck after multiple of these gambles. The odds of this gamble resulting in a wrecked car and serious injuries are actually statistically high enough that this gamble goes bad for many people during their lifetimes. If the bet is lost badly enough all ends!

The marriage gamble is an interesting one. The risk/reward ratio for this gamble isn't the best. So place your chips well and confidently... Many who gamble badly here end up taking care of someone elses kids without knowing it or losing half their capital.


Anyway... I just took a big breath of fresh air! That gamble felt good! I am pretty confident it won't go bad.

Food for thought. All is statistical odds gambling whether you admit it or not. Realize this and try to keep the odds in your favor!

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Pension_Admin
 

Registered: Nov 2006
Posts: 2208

 

08-20-12 12:14 AM

Do you work for an insurance company?

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dodo
 

Registered: Apr 2007
Posts: 10

 

08-20-12 12:56 AM

Yes, everything is gambling.
most events are options.

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BlueTurtle
 

Registered: Feb 2012
Posts: 569

 

08-20-12 01:48 AM

I'm gambling that my time is better well spent writing this post than doing something else. I lost that one.

lottery....1 in 90 million.
flip a coin......1 in 2
poker....taking 1,000 to 10,000 in one tournament
trading.....taking 10,000 to 10,500 in one week

it's all relative. some just have odds much worse than others. as humans, we have hope and seem to think we will be that special someone. that one guy who is the superhero, makes millions from a $10,000 account. or buy that $50,000 car or $800,000 house and our life will be this or that. ah, who cares, whatever works for you.
unless you have kids....then i think you need to really be more risk averse. and that is the plan of the government. once in debt, married, kids, you will take less risk and be owned more. which makes us want to rebel and gamble more...

funny circle

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MasterGambler
 

Registered: Jul 2012
Posts: 68

 

08-20-12 01:59 AM

50k car? LoL... I payed 116k for my first car when I was 22... In cash...

My grandma on my moms side used to say... "Without big risk there isn't big reward." Another thing she used to say was... "The more you make, the more you will spend."

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BlueTurtle
 

Registered: Feb 2012
Posts: 569

 

08-20-12 02:09 AM


Quote from MasterGambler:

50k car? LoL... I payed 116k for my first car when I was 22... In cash...

My grandma on my moms side used to say... "Without big risk there isn't big reward." Another thing she used to say was... "The more you make, the more you will spend."



I own 11 cars, the most expensive over $250,000

I was speaking to the poor people on this site, trying to relate to the 90% of traders that lose.

Did I see you try sell your $116,000 car on Craigslist for $5k?

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