Homepage
PR Newswire
25-12-2012, 11:31 AM
There are actually documented cases of card-counters who have been successful betting against casinos and have therefore been banned! But these are the select few who have a photographic memory and superior knowledge about odds and "betting the ranch". Defnitely not easy so don't try this at home (or at your nearest local casino!).
On a serious note, gambling has been known to completely ruin lives and families. I've read cases in the papers where people have lost entire homes, families have been torn apart, they themselves have lost their jobs and their freedom (jailed for crimes), and been declared bankrupt. In the process, you also lose friends and relatives whom you borrowed money from, and some have ended up being hounded and harassed by both legal and illegal moneylenders. It is a very destructive addiction.
On a serious note, gambling has been known to completely ruin lives and families. I've read cases in the papers where people have lost entire homes, families have been torn apart, they themselves have lost their jobs and their freedom (jailed for crimes), and been declared bankrupt. In the process, you also lose friends and relatives whom you borrowed money from, and some have ended up being hounded and harassed by both legal and illegal moneylenders. It is a very destructive addiction.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/