Dear
Mark,
As a stockbroker I should know better. That is,
when to get out of a bad trade, or in the case of
gambling, bet. But when it comes to casino gambling,
I tend to stay far too long for my own good. This
tends to lead to losses much greater than if I left
earlier with a small gain. How common an occurrence
is this in a casino? Jeff G.
Jeff,
you play in the world casino, Wall Street; doesn’t
your industry have an aphorism, “Be a bull or
a bear, but never a hog?” Like many, many other
players, Jeff, you exhibit signs of poor money management.
And money management, my friend, is really nothing
more than character management. To truly become a
winning player you have to first know when to get
up and walk.
Dear Mark,
My friend believes I have a problem gambling with
money that I win. She says I treat it as “the
house’s money” and continue to play till
I lose. Is she right? Norma B.
Nowhere is it written—in
the U.S. Constitution, the Talmud or the Nevada
Revised Statutes—that the money you win at
any neon carpet joint is still the property of the
casino. Treat all winnings, Norma, as YOUR hard-earned
money.
