Lost 400 Dollars Gambling
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*During a year-long gambling streak, Terry lost a mind melting $204 million dollars at two Vegas casinos. Both gambling halls are owned by Harrah’s Entertainment, Inc. And Watanabe’s staggering.
*The gambling industry around the world is huge, but the biggest market is the United States, where gamblers lost a staggering $119 billion in 2013.
*While the problem gambling rate dropped from 2.6 per cent in 2011 to 0.7 per cent in 2014, according to a gambling survey carried out every three years by the National Council on Problem Gambling.AuthorMessage
I’ve lost a million dollars at least 10 to 15, somewhere in there. I probably only won a million five or six times, but I’ve lost somewhere between 10 and 20, I can’t get an exact number because we are going back to the ’80s.” While it’s easy to hear that amount and assume Barkley has a gambling problem, he claims he doesn’t. Lost 400 Dollars Gambling, pik 2 poker, ram slot in hindi, is poker illegal uk.Thread started 04/17/05 8:55pm
I lost $500 gambling this weekend and I also literally lost my wallet..So, I bent over and took it HARD from the blackjack dealers up in Reno on Saturday. We had tickets to see Jay Leno on Saturday night so we got up at the butt crack of dawn so we could leave the house by 6:30 am (yuck!). After the three hour drive, we arrived in the ’Biggest Little City in the World’ and I began to gamble. I started playing $25 blackjack and was out of $200 within about a half hour or so - not cool. So, I decided to play some more a little later so I figured I’d just waste some time at the $5 tables..well, in a matter of about an hour, I had managed to blow another $200 or so - what’s sad is that blackjack is MY GAME and I normally do well..I was definitely not lucky this weekend. I lost the rest of the money on some video poker machines and the damn Yankees game. Grrrr!!!
After being violated from behind from the wonderful blackjack dealers, I decided to go to the arcade and blow my last $5 on some video games - why not, right? So, I got some tokens and played until they were gone and I headed up to meet my friends in the room. Well, somewhere in between where I got change and went to my room, I lost my wallet. So, since I didn’t have my driver’s license, I had to stay in while my friends went to the strip clubs and saw boobies. Apparently there was a half white/half Vietnamese girl there that my friends said I would have fallen in love with (I tend to date Asians..).. Unfortunately, I wasn’t able to witness this as I was stuck in my room polishing off a 12 pack of Coors Light and soaking in my multiple losses for the day.
Anyways, I didn’t have any cash in my wallet so that was good and I called in time to cancel my credit cards. Also, Jay Leno was funny as hell. So, it was kinda crappy this time in Reno (last time was when I saw Prince open the Musicology tour!!!)..Oh well..maybe I’ll have better luck next time. - E-mail - orgNote - Report post to moderatorReply #1 posted 04/17/05 9:17pm - E-mail - orgNote - Report post to moderatorReply #2 posted 04/17/05 9:25pmI feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend. When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #3 posted 04/17/05 9:32pmAww, Dooky I am sorry to hear that you did not have fun! Would it make you feel better to know that a chocolate dipped, slanted eyed woman finds you sexy!?! You can pretend that I am Asian with a dark tan!
Wanted: Virtual Sugar Daddy to help me buy stuff on Farmville and move up the ranks. Use of Viagra not authorized. Get your two minutes and go! - E-mail - orgNote - Report post to moderatorReply #4 posted 04/17/05 9:47pmYou don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #5 posted 04/17/05 9:55pm
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
HA!! - E-mail - orgNote - Report post to moderatorReply #6 posted 04/17/05 9:56pm
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all. - E-mail - orgNote - Report post to moderatorReply #7 posted 04/18/05 12:35am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #8 posted 04/18/05 12:41am
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
Heroin? - E-mail - orgNote - Report post to moderatorReply #9 posted 04/18/05 12:43am
TheFrog said:
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
Heroin?
When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #10 posted 04/18/05 12:45am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
you’re not stating facts - you’re stating an opinion.
Fair enough.
Just stating my opinion here. I don’t need to come in and tell you how sorry I am to hear that. I’m free to say whatever.
So, I’m just saying there’s no one to blame here but yourself. Spend your money a little wiser.
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
[Edited 4/18/05 0:49am]
The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #11 posted 04/18/05 12:45am
bkw said:
TheFrog said:
Amazing the number of colours you can see for $250, huh. - E-mail - orgNote - Report post to moderatorReply #12 posted 04/18/05 12:46am
PurpleKnight said:
ReturnOfDOOK said:
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
Just stating facts here. I don’t need to come in and tell you how sorry I am to hear that. I’m free to say whatever.
So, I’m just saying there’s no one to blame here but yourself. Spend your money a little wiser.
you’re not stating facts - you’re stating an opinion.
everything in your original post was subjective. - E-mail - orgNote - Report post to moderatorReply #13 posted 04/18/05 12:47amLost 400 Dollars Gambling Winnings
PurpleKnight said:
ReturnOfDOOK said:
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
What if you could turn it into a $1000?When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #14 posted 04/18/05 12:48am
bkw said:
PurpleKnight said:
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
What if you could turn it into a $1000?
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #15 posted 04/18/05 12:56am
PurpleKnight said:
bkw said:
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
But you wont have all the fun either. When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #16 posted 04/18/05 12:57am
bkw said:
PurpleKnight said:
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
But you wont have all the fun either.
Having my $500 is the fun part. I can buy whatever I want with it now, whatever is fun to me for that amount. This fool’s lost his money, I still have mine. End of story.The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #17 posted 04/18/05 1:41am I didn’t know you needed a driving license to see boobies in the USA
Those Americans - E-mail - orgNote - Report post to moderatorReply #18 posted 04/18/05 3:11amGood heavens, people who don’t gamble are boring as hell.
same as people who don’t smoke, drink, shoot heroin or murder people.
boring: the lot of you. - E-mail - orgNote - Report post to moderatorReply #19 posted 04/18/05 5:51am
TheFrog said:Good heavens, people who don’t gamble are boring as hell.
same as people who don’t smoke, drink, shoot heroin or murder people.
boring: the lot of you.
freaking idiots
- E-mail - orgNote - Report post to moderatorReply #20 posted 04/18/05 5:54am
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
- E-mail - orgNote - Report post to moderatorReply #21 posted 04/18/05 5:55am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
- E-mail - orgNote - Report post to moderatorReply #22 posted 04/18/05 7:10am
PurpleKnight said:
bkw said:
Having my $500 is the fun part. I can buy whatever I want with it now, whatever is fun to me for that amount. This fool’s lost his money, I still have mine. End of story.
Have you ever heard of having fun while you’re gambling? I enjoy sitting at a blackjack, getting to know the other people at the table, celebrating when they win, celebrating when I win, chatting it up with the dealer, riding the emotional roller coaster..It’s called FUN and it’s well worth the price you sometimes pay. There have been times when I’ve walked out $500 richer and it feels damn good! Gambling every couple of months is a fun activity, win or lose. - E-mail - orgNote - Report post to moderatorReply #23 posted 04/18/05 7:43ami have never in my life understood how ppl can blow that much money on gambling.
man, i’d rather spend it on a friend or a nice time some place.http://www.myspace.com/miltymusic
http://www.soundclick.com/milty
http://www.soundclick.com/chewstickband - E-mail - orgNote - Report post to moderatorReply #24 posted 04/18/05 11:15amAww Dookie SOrry to hear that.
See if you had stayed in town and Came out to Prince Night all would have been good. See..choose Prince and you can’t go wrong. - E-mail - orgNote - Report post to moderatorNew topic Printable (Log in to ’subscribe’ to this topic)
It’s no secret that billions of dollars are annually spent in the U.S. on both legal and illegal gambling, but the exact figure can range by hundreds of billions. Here’s my attempt to figure out roughly how much money is annually spent on gambling in the U.S. and to see if Adam Silver’s recent claim is accurate.
In Silver’s Op-Ed in the New York Times, he wrote:
There is no solid data on the volume of illegal sports betting activity in the United States, but some estimate that nearly $400 billion is illegally wagered on sports each year.
Slate writer Jordan Weissmann called that number in to question in a recent article found here:
When I asked the NBA where Silver got that $400 billion figure, a spokesman pointed me to the 1999 final report of National Gambling Impact Study Commission … The section on sports is short but dramatic. “Estimates of the scope of illegal sports betting in the United States range anywhere from $80 billion to $380 billion annually,” the commission wrote, “making sports betting the most widespread and popular form of gambling in America.” Silver, it seemed, took the high end of that range, but didn’t adjust it for inflation.
So, case closed? Not quite. The $380 billion figure was footnoted in the report, but the citation wasn’t a research paper. Instead, it referred back to an Associated Press article that appeared in the May 18, 1999, edition of the Las Vegas Review-Journal, titled “Ban on College Sports Betting Could Cost State Books Millions.”
That news article, it turned out, recounted one of the commission’s own hearings, which had taken place in Las Vegas the previous November. “Commissioners were told that while legal sports betting in Nevada draws $2.3 billion a year, illegal sports betting runs anywhere from $80 billion to $380 billion annually,” the article explained.
… Vic Salerno, the CEO of American Wagering, a Vegas bookmaker, cited estimates between $50 billion and $250 billion (the latter of which appeared to have come from a clinical psychologist who studied gambling addicts rather than any kind of economic study). None of the other expert speakers appear to have presented specific numbers.
The $380 billion figure only emerged later thanks to an exasperated commission member, John Wilhelm.
Weissmann raised some good points and clearly did his homework. However, I’m still not sold that the gambling figures aren’t in the 100s of billions and could reach $400 billion if/when gambling is legalized and regulated. Silver’s projection was the high end of an estimate, so more than likely it’s quite a bit higher than what’s actually being spent, but that doesn’t mean it’s not closer to being accurate than the article portrays.
A 1998 study of gambling conducted by the University of Salford and reported by BBC found that about $2.659 billion was spent on betting in 1998 in Britain. With inflation, that number today would be roughly $3.87 billion. The U.S. population is nearly 5 times that of Britain’s, according to World Bank, which brings that number close to $20 billion.
This is where estimating the exact figure gets tricky. It’s hard to jump from $20 billion to the $100s of billions. However, most of the major sports being bet on in Britain are played in the U.S., so it’s safe to say that there is more gambling interest in America. The rise of fantasy sports and the NFL, which is the most gambled on sport in the U.S., is driving gambling figures higher each year, and that increase was not factored into the report. The CNBC article in the last link estimates that $80-$100 billion is gambled on NFL games each year, with an additional $8-$10 billion being spent to bet on the Super Bowl.Lost 400 Dollars Gambling Dollars
Even if every other form of gambling combined is only equal to what is wagered each season on the NFL, which is an incredibly tame estimate, then at least $176 billion is annually spent on gambling in the U.S.
If the cries, most recently and notably by Mark Cuban and Adam Silver, are answered and gambling is legalized and regulated, it’s safe to say that the $175-$200 billion figure could land closely to Silver’s claim of $400 billion.
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*During a year-long gambling streak, Terry lost a mind melting $204 million dollars at two Vegas casinos. Both gambling halls are owned by Harrah’s Entertainment, Inc. And Watanabe’s staggering.
*The gambling industry around the world is huge, but the biggest market is the United States, where gamblers lost a staggering $119 billion in 2013.
*While the problem gambling rate dropped from 2.6 per cent in 2011 to 0.7 per cent in 2014, according to a gambling survey carried out every three years by the National Council on Problem Gambling.AuthorMessage
I’ve lost a million dollars at least 10 to 15, somewhere in there. I probably only won a million five or six times, but I’ve lost somewhere between 10 and 20, I can’t get an exact number because we are going back to the ’80s.” While it’s easy to hear that amount and assume Barkley has a gambling problem, he claims he doesn’t. Lost 400 Dollars Gambling, pik 2 poker, ram slot in hindi, is poker illegal uk.Thread started 04/17/05 8:55pm
I lost $500 gambling this weekend and I also literally lost my wallet..So, I bent over and took it HARD from the blackjack dealers up in Reno on Saturday. We had tickets to see Jay Leno on Saturday night so we got up at the butt crack of dawn so we could leave the house by 6:30 am (yuck!). After the three hour drive, we arrived in the ’Biggest Little City in the World’ and I began to gamble. I started playing $25 blackjack and was out of $200 within about a half hour or so - not cool. So, I decided to play some more a little later so I figured I’d just waste some time at the $5 tables..well, in a matter of about an hour, I had managed to blow another $200 or so - what’s sad is that blackjack is MY GAME and I normally do well..I was definitely not lucky this weekend. I lost the rest of the money on some video poker machines and the damn Yankees game. Grrrr!!!
After being violated from behind from the wonderful blackjack dealers, I decided to go to the arcade and blow my last $5 on some video games - why not, right? So, I got some tokens and played until they were gone and I headed up to meet my friends in the room. Well, somewhere in between where I got change and went to my room, I lost my wallet. So, since I didn’t have my driver’s license, I had to stay in while my friends went to the strip clubs and saw boobies. Apparently there was a half white/half Vietnamese girl there that my friends said I would have fallen in love with (I tend to date Asians..).. Unfortunately, I wasn’t able to witness this as I was stuck in my room polishing off a 12 pack of Coors Light and soaking in my multiple losses for the day.
Anyways, I didn’t have any cash in my wallet so that was good and I called in time to cancel my credit cards. Also, Jay Leno was funny as hell. So, it was kinda crappy this time in Reno (last time was when I saw Prince open the Musicology tour!!!)..Oh well..maybe I’ll have better luck next time. - E-mail - orgNote - Report post to moderatorReply #1 posted 04/17/05 9:17pm - E-mail - orgNote - Report post to moderatorReply #2 posted 04/17/05 9:25pmI feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend. When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #3 posted 04/17/05 9:32pmAww, Dooky I am sorry to hear that you did not have fun! Would it make you feel better to know that a chocolate dipped, slanted eyed woman finds you sexy!?! You can pretend that I am Asian with a dark tan!
Wanted: Virtual Sugar Daddy to help me buy stuff on Farmville and move up the ranks. Use of Viagra not authorized. Get your two minutes and go! - E-mail - orgNote - Report post to moderatorReply #4 posted 04/17/05 9:47pmYou don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #5 posted 04/17/05 9:55pm
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
HA!! - E-mail - orgNote - Report post to moderatorReply #6 posted 04/17/05 9:56pm
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all. - E-mail - orgNote - Report post to moderatorReply #7 posted 04/18/05 12:35am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #8 posted 04/18/05 12:41am
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
Heroin? - E-mail - orgNote - Report post to moderatorReply #9 posted 04/18/05 12:43am
TheFrog said:
bkw said:I feel your pain.
Lost my wallet 2 weeks ago and it is a pain to cancel all your freakin cards etc and get everything replaced.
I also blew $250 on the ponies on the weekend.
Heroin?
When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #10 posted 04/18/05 12:45am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
you’re not stating facts - you’re stating an opinion.
Fair enough.
Just stating my opinion here. I don’t need to come in and tell you how sorry I am to hear that. I’m free to say whatever.
So, I’m just saying there’s no one to blame here but yourself. Spend your money a little wiser.
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
[Edited 4/18/05 0:49am]
The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #11 posted 04/18/05 12:45am
bkw said:
TheFrog said:
Amazing the number of colours you can see for $250, huh. - E-mail - orgNote - Report post to moderatorReply #12 posted 04/18/05 12:46am
PurpleKnight said:
ReturnOfDOOK said:
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
Just stating facts here. I don’t need to come in and tell you how sorry I am to hear that. I’m free to say whatever.
So, I’m just saying there’s no one to blame here but yourself. Spend your money a little wiser.
you’re not stating facts - you’re stating an opinion.
everything in your original post was subjective. - E-mail - orgNote - Report post to moderatorReply #13 posted 04/18/05 12:47amLost 400 Dollars Gambling Winnings
PurpleKnight said:
ReturnOfDOOK said:
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
What if you could turn it into a $1000?When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #14 posted 04/18/05 12:48am
bkw said:
PurpleKnight said:
And no, I don’t take pleasure in gambling. I don’t take pleasure in throwing $500 down the toilet.
[Edited 4/18/05 0:46am]
What if you could turn it into a $1000?
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #15 posted 04/18/05 12:56am
PurpleKnight said:
bkw said:
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
But you wont have all the fun either. When I read about the evils of drinking, I gave up reading. - E-mail - orgNote - Report post to moderatorReply #16 posted 04/18/05 12:57am
bkw said:
PurpleKnight said:
The ones who say that are guys like him who lose $500 and have to make a thread about their bad luck.
Casinos are designed so that you lose more than you’ll ever win.
So by not gambling, I’ll probably save more money in the end than a person will end up winning after all their losses.
[Edited 4/18/05 0:51am]
But you wont have all the fun either.
Having my $500 is the fun part. I can buy whatever I want with it now, whatever is fun to me for that amount. This fool’s lost his money, I still have mine. End of story.The world is a comedy for those who think and a tragedy for those who feel.
’You still wanna take me to prison..just because I won’t trade humanity for patriotism.’ - E-mail - orgNote - Report post to moderatorReply #17 posted 04/18/05 1:41am I didn’t know you needed a driving license to see boobies in the USA
Those Americans - E-mail - orgNote - Report post to moderatorReply #18 posted 04/18/05 3:11amGood heavens, people who don’t gamble are boring as hell.
same as people who don’t smoke, drink, shoot heroin or murder people.
boring: the lot of you. - E-mail - orgNote - Report post to moderatorReply #19 posted 04/18/05 5:51am
TheFrog said:Good heavens, people who don’t gamble are boring as hell.
same as people who don’t smoke, drink, shoot heroin or murder people.
boring: the lot of you.
freaking idiots
- E-mail - orgNote - Report post to moderatorReply #20 posted 04/18/05 5:54am
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
- E-mail - orgNote - Report post to moderatorReply #21 posted 04/18/05 5:55am
ReturnOfDOOK said:
PurpleKnight said:You don’t deserve any sympathy. You could’ve spent that money on something good, but you decided to waste it gambling instead. Learn next time.
Just because you don’t take pleasure in gambling doesn’t mean you need to jump on a thread and criticize. I set my limit of losing a max of $500 and I stuck to it - I don’t need sympathy for that as I’m not upset about that. I’m upset about losing my wallet and all of the hassles that go along with that. If you don’t have anything nice to say, don’t say it at all.
- E-mail - orgNote - Report post to moderatorReply #22 posted 04/18/05 7:10am
PurpleKnight said:
bkw said:
Having my $500 is the fun part. I can buy whatever I want with it now, whatever is fun to me for that amount. This fool’s lost his money, I still have mine. End of story.
Have you ever heard of having fun while you’re gambling? I enjoy sitting at a blackjack, getting to know the other people at the table, celebrating when they win, celebrating when I win, chatting it up with the dealer, riding the emotional roller coaster..It’s called FUN and it’s well worth the price you sometimes pay. There have been times when I’ve walked out $500 richer and it feels damn good! Gambling every couple of months is a fun activity, win or lose. - E-mail - orgNote - Report post to moderatorReply #23 posted 04/18/05 7:43ami have never in my life understood how ppl can blow that much money on gambling.
man, i’d rather spend it on a friend or a nice time some place.http://www.myspace.com/miltymusic
http://www.soundclick.com/milty
http://www.soundclick.com/chewstickband - E-mail - orgNote - Report post to moderatorReply #24 posted 04/18/05 11:15amAww Dookie SOrry to hear that.
See if you had stayed in town and Came out to Prince Night all would have been good. See..choose Prince and you can’t go wrong. - E-mail - orgNote - Report post to moderatorNew topic Printable (Log in to ’subscribe’ to this topic)
It’s no secret that billions of dollars are annually spent in the U.S. on both legal and illegal gambling, but the exact figure can range by hundreds of billions. Here’s my attempt to figure out roughly how much money is annually spent on gambling in the U.S. and to see if Adam Silver’s recent claim is accurate.
In Silver’s Op-Ed in the New York Times, he wrote:
There is no solid data on the volume of illegal sports betting activity in the United States, but some estimate that nearly $400 billion is illegally wagered on sports each year.
Slate writer Jordan Weissmann called that number in to question in a recent article found here:
When I asked the NBA where Silver got that $400 billion figure, a spokesman pointed me to the 1999 final report of National Gambling Impact Study Commission … The section on sports is short but dramatic. “Estimates of the scope of illegal sports betting in the United States range anywhere from $80 billion to $380 billion annually,” the commission wrote, “making sports betting the most widespread and popular form of gambling in America.” Silver, it seemed, took the high end of that range, but didn’t adjust it for inflation.
So, case closed? Not quite. The $380 billion figure was footnoted in the report, but the citation wasn’t a research paper. Instead, it referred back to an Associated Press article that appeared in the May 18, 1999, edition of the Las Vegas Review-Journal, titled “Ban on College Sports Betting Could Cost State Books Millions.”
That news article, it turned out, recounted one of the commission’s own hearings, which had taken place in Las Vegas the previous November. “Commissioners were told that while legal sports betting in Nevada draws $2.3 billion a year, illegal sports betting runs anywhere from $80 billion to $380 billion annually,” the article explained.
… Vic Salerno, the CEO of American Wagering, a Vegas bookmaker, cited estimates between $50 billion and $250 billion (the latter of which appeared to have come from a clinical psychologist who studied gambling addicts rather than any kind of economic study). None of the other expert speakers appear to have presented specific numbers.
The $380 billion figure only emerged later thanks to an exasperated commission member, John Wilhelm.
Weissmann raised some good points and clearly did his homework. However, I’m still not sold that the gambling figures aren’t in the 100s of billions and could reach $400 billion if/when gambling is legalized and regulated. Silver’s projection was the high end of an estimate, so more than likely it’s quite a bit higher than what’s actually being spent, but that doesn’t mean it’s not closer to being accurate than the article portrays.
A 1998 study of gambling conducted by the University of Salford and reported by BBC found that about $2.659 billion was spent on betting in 1998 in Britain. With inflation, that number today would be roughly $3.87 billion. The U.S. population is nearly 5 times that of Britain’s, according to World Bank, which brings that number close to $20 billion.
This is where estimating the exact figure gets tricky. It’s hard to jump from $20 billion to the $100s of billions. However, most of the major sports being bet on in Britain are played in the U.S., so it’s safe to say that there is more gambling interest in America. The rise of fantasy sports and the NFL, which is the most gambled on sport in the U.S., is driving gambling figures higher each year, and that increase was not factored into the report. The CNBC article in the last link estimates that $80-$100 billion is gambled on NFL games each year, with an additional $8-$10 billion being spent to bet on the Super Bowl.Lost 400 Dollars Gambling Dollars
Even if every other form of gambling combined is only equal to what is wagered each season on the NFL, which is an incredibly tame estimate, then at least $176 billion is annually spent on gambling in the U.S.
If the cries, most recently and notably by Mark Cuban and Adam Silver, are answered and gambling is legalized and regulated, it’s safe to say that the $175-$200 billion figure could land closely to Silver’s claim of $400 billion.
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