Sunday, August 19, 2012

Who Has Gambling Money?

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I still cannot figure out the allure of gambling.

You might as well throw your money away--the odds are always against winning. And, with odds like that, why buy into the fallacy that, somehow, you're going to be "smarter" than the house and walk away with money?

In the short term, sure. It can certainly happen. But that hook remains, and there is simply no way to sustain a long-term winning streak against the odds present in gambling. This is yet another old idea (astrology, the Republican Party, eating yourself fitter) that simply will not go away.

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