samedi 21 février 2009
Lessons From Las Vegas
Lessons From Las Vegas: "Although the word 'gambler' is often accompanied by other, more disparaging words, such as 'irresponsible,' I believe that Las Vegas teaches valuable money management lessons."
Don't Lose Grandma's Money!
Don't Lose Grandma's Money!: "Humor me while I tell a little story.
You're walking to work one day when you spot a dollar bill lying on the sidewalk. You pick it up and, feeling a little superstitious, spend it on a lottery ticket. The next day, you find you've won $5,000. Great news! You take the winnings and buy a long-shot biotech stock -- Dendreon, for instance. Let's say this day was in late March, and you were able to buy 1,000 shares of Dendreon at $5 each.
The stock pops the next day on rumors of an imminent FDA approval, and you sell out a few days later at $22. $22,000! You're really feeling your luck now, and you decide to push it -- by taking that money to a casino. You hit the roulette wheel and put it all on number 22, a 35-to-1 bet, and win $770,000. You let it ride -- keep all the money on the same number -- and win again. Now you're up to a whopping $26,950,000. You feel that nothing can stop you now and let it ride again -- but the little ball drops in 23 instead.
Oops. You're wiped out.
Now here's the question: How much did you really lose? A dollar? $22,000? Almost $27 million? Nothing?"
You're walking to work one day when you spot a dollar bill lying on the sidewalk. You pick it up and, feeling a little superstitious, spend it on a lottery ticket. The next day, you find you've won $5,000. Great news! You take the winnings and buy a long-shot biotech stock -- Dendreon, for instance. Let's say this day was in late March, and you were able to buy 1,000 shares of Dendreon at $5 each.
The stock pops the next day on rumors of an imminent FDA approval, and you sell out a few days later at $22. $22,000! You're really feeling your luck now, and you decide to push it -- by taking that money to a casino. You hit the roulette wheel and put it all on number 22, a 35-to-1 bet, and win $770,000. You let it ride -- keep all the money on the same number -- and win again. Now you're up to a whopping $26,950,000. You feel that nothing can stop you now and let it ride again -- but the little ball drops in 23 instead.
Oops. You're wiped out.
Now here's the question: How much did you really lose? A dollar? $22,000? Almost $27 million? Nothing?"
jeudi 12 février 2009
Feds Bust Ring of Alleged Casino Cheaters | Threat Level from Wired.com
Feds Bust Ring of Alleged Casino Cheaters | Threat Level from Wired.com: "Federal prosecutors in Tacoma, Washington are charging four alleged members of a cheating ring that hit roulette tables at three Indian casinos before being arrested last November."
mercredi 21 janvier 2009
dimanche 28 décembre 2008
Are computers better at poker than humans, asks Robert Blincoe | Technology | The Guardian
Are computers better at poker than humans, asks Robert Blincoe | Technology | The Guardian: "Poker software can help define how to handle deliberate misinformation and how to make intelligent guesses"
lundi 15 décembre 2008
Gambler sues casino over $900 million binge - Yahoo! News
Gambler sues casino over $900 million binge - Yahoo! News: "CANBERRA (Reuters) – An Australian gambler who lost millions in a A$1.4 billion ($909 million) gaming spree is suing one of the country's largest casinos, claiming he was targeted by managers despite a known gambling addiction."
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