Does anyone ever get tempted to gamble or play the lottery?

Discussion in 'Wealth Creation & Management' started by rara200284, Jan 21, 2015.

  1. Silverling

    Silverling Well-Known Member Silver Stacker

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    When lotto or Powerball jackpots I usually buy a few tickets, why not? We spend so much money on other junk things that are just useless or thrown out soon after that a couple of bucks on lotto is ok. When Powerball hit a $150 Million first prize that was fun. If you are ever with a group of friends and you run out of things to talk about then talk about what you would do with a win. That will liven up the conversation for a while. Gambling, it's ok as long as you got a handle on it and don't blow your house on it.:)
     
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I gamble once a week, currently on the A-league, NRL in winter. I haven't needed to put money in for a couple of years so it is quite enjoyable. Similarly, I haven't taken money out either. I am perfecting a new system at the moment and should this week's results be as expected, I might consider raising the ante.
     
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  3. alor

    alor Well-Known Member Silver Stacker

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    i make the donation when there are no ToTo winners on their 4th game, after snowball to $8 millions prize
    its a $7 donation, raise the amount 3 folds on payday
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I never been a gambler. My wife buys a ticket now and then and it pisses me off.
    Shes not good with math and doesnt understand the reality of it.
     
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  5. oziwassabi

    oziwassabi Well-Known Member Silver Stacker

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    Only gamble what you are willing to lose.




    And you shouldn't be willing to lose anything!
     
  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    I had one friend who made enough money only playing online poker - maybe 6+ hours a day at ~$80k a year.
    His summary

    - You need to play all the time even if you do not feel like it
    - to make money you are not playing enjoyable games and mostly looking for tables of thrill gamblers who are giving the money away
    - the skill jump from good to great is insane
    - after a few years he didn’t want to play anymore, realised online gambling doesn’t provide healthy relationships like regular work and he struggled to find a job afterwards because he lost exposure relevance in his previous field.

    so I guess it’s what you make of it, you might have a handful of fun high stakes games a year and the rest sounds pretty shitty to me. That said, some people make much more money than that and probably create a much more sustainable network of friends and gamers.
     
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  7. shinymetal

    shinymetal Well-Known Member

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    I put 1 or 2 dollars in a pokies every few months as a way to prove to myself that pokies are stupid. other than that the only.bet I've ever placed was on Trump to win the last US election, I put a bet on with a bookie at 5/1, and a bet on here with a member on here for a 10oz bar either way, I should have negotiated better odds :p
    I've got 60 bucks on Clinton to be the democratic nominee, and am considering putting a bit more into that and some on California going Republican long shot, but $50 cant hurt, and if any of that wins, put it on Trump in the general, but wait for the right moment, there will be a time close to the election when the news, bookies and all are claiming Clinton is a shoe in, repeat of 2016, ClintonVsTrump Round 2!
    Well, that's my prediction for what it's worth. I'm not sure enough to put a significant amount on, but fun for a small punt.
     
  8. Jason1

    Jason1 Well-Known Member

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    maybe buy a lotto ticket once or twice a year. Besides that dont see the appeal with gambling.
     
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  9. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I’m currently collating my horse racing bets carefully. My selection methodology has given me a nice little profit over the past 24 months or so, I haven’t kept adequate records though, merely adding up the balances in my various accounts to know I’m ahead.

    I’ve got to have the hard evidence though in order to convince myself I can make a go at this by way of a part time job. I’m thinking if I can bet $1000/week and if past performance is any guide I’m hoping I can earn $300-$400 per week. I don’t have that hard evidence though as I take regular breaks from it and haven’t kept an accurate spreadsheet. And I haven’t been consistently punting 52 weeks in the year. At $1000 per week in my current number of bets I’d need a bank of $10000. And the nerve to go with it - my worst losing sequence has been 9 races without a return. I’m sure I’ve got a 20 or 25 run losing sequence in me, or alternatively I could lose the lot which means I’ve just been lucky this last 2 years. I’m turning over about $200 - $300 currently per week in bets.
     
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Farmers gamble every day.
    Weather
     
  11. oziwassabi

    oziwassabi Well-Known Member Silver Stacker

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    I work in a casino and have a guaranteed way to walk out of the building with a million dollars....






    Walk in with 2 million;)
     
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