Why Risk The Odds
It was November 14th and my ambitions were running at an all time high. It was the first time since I had came to college that I had a decent amount of money saved up. Being that I had a nice thick wallet burning a hole in my pocket, it seemed as if there would be no better way to spend it than going to the casino. Upon entering the casino, I was overwhelmed with the bright flashing lights, the cards being dealt, and the potential chance of winning big. With there being no mirrors to ruin how cool I thought I looked, no clocks to remind myself how long I have been there, crazy intricate carpet to make me look up, boring ceilings to make me look down, and all of the exciting machines. There were slot machines, all types of
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It would limit how much time you spend there and make you hopefully want to leave sooner than later. For those who chose to stay later because they claim they are just playing for fun, or they have enough money to spend some at the casino, it may seem like it isn’t a big deal, but those claims are for most, the start to the problem. If someone who is “just playing for fun” ends up winning a lot, than that’s when they think they will all of the time and continue to come back. The numbers talk in this situation when the facts of overall winning odds are between a 30-48 percent chance. For the upper class who go to the casino because they have enough extra money to spend a little bit at the casino every now and then, often times their claim goes far wrong. There are hundreds of stories out there where people lose their entire life savings at the casino or a year’s salary. Robert Miller reported the story that stuck out the most on how an eighteen year old who had a large sum of money, eighty thousand dollars to be exact, from his parents’ death took it to the casino. After going to the casino his first time because he had extra money, he ended up losing a thousand or two. His mindset turned into how many peoples do and he thought that the next time he goes “he has to win because he lost last time” or “he has to win back what he lost”. With this mindset, he ended up losing the entire amount that was left in his name and stuck with nothing. The casino is a money hole that does nothing but take money from
“Recovering gamblers are encouraged to take themselves off mailing lists from casinos, to meet with a financial planner, to cancel all credit cards, and to turn over control of money to another person. Each behavioral interventions is designed to increase the difficulty of obtaining access to money to gamble”.
Casinos are very tricky when it comes to “customer relations”. They allow their customers to forget about the world around them and concentrate on winning, when the whole time they are robbing them blind. In most cases, people walk out of casinos with empty pockets and a stomach full of booze.
This includes all forms of income from high to low and all races from black to white. A more financially set adult will spend more money gambling then the “minority and poor populations” as Will explains them. If these so called poor populations have no money will they be the ones flying all the way to Vegas spending money on gas, food, hotel, and entertainment? I think not the ones gambling are those who make a good living and can afford to spend thousands of dollars in Las Vegas. One thing all people can agree there is not a person out there that would wish to be average their whole life, everyone wants to be able to retire knowing they have money to send their kids to college or to even buy luxury items. This hope of one day winning it big is the reason people get up each day only to work long and hard hours at work as well as at home. People don’t just quit their job because they lost the lottery they will work many more days to buy a ticket and hope to win only to try again and again. People need something they can look forward to work hard and achieve things never done before and the lottery provides this for them. You take this away and the hard-working people no longer have anything to look forward to, nothing stops them from going out and doing
Casino gambling is an increasingly popular and legal activity in many states throughout America. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study
The basic system of just about every casino is that of the tables (including Roulette, Blackjack and Craps) filling the center of the room with computerized machines (including slots and video poker) that don’t need much tending to surrounding the area. Also, in many casinos there is a second floor surrounding the perimeter of the building with balconies everywhere so the main floor is still the center of attention. This setup brings the eye of casino patrons, wherever they may be, to the center of the casino. This strategic arrangement plays with the fact of human nature being drawn to the center of the action. Coincidentally, or not, the games in the center of the casinos are always the games where people often spend the most money. By chance if your eye isn’t drawn then perhaps the shrill of people winning will bring your attention. Don’t be fooled though, house advantage is always higher than...
Casinos' greatest disservice is their cost to the local government, industry, and people. A casino often pressures the local government into law changes and area improvements to stimulate its business. The casino, which is a high-risk business, could fail anyway. If it does, the government may spend millions just to be left as one of many creditors of a defunct casino. Businesses lose funds the government might have used for subsidization, and consumers often spend money gambling rather than on the goods and services they normally purchased. A casino may bring business to tourist oriented establishments like restaurants and hotels, but if it has these businesses built into itself, unattached companies may ...
...age wage and exceed average wages of several other industries. Furthermore the casino gaming industry creates additional jobs in the number of domestic supplier businesses. But at what price? The state and local governments lose on this deal. Compulsive gamblers cost the state an enormous amount of money each year, and with the number of problem gamblers growing with the casinos this is a problem that will not go away. The illegal gaming market is so enormous that its profits each year, surpass that of the top 100 American corporations combining. This includes IBM, all the automotive industries, and many more. The gambling industry makes a lot of promises it knows will not be fulfilled. But, once the revenues are tasted by the local governments they can never turn back. The casinos have lobbyists in Washington as well as local levels. It’s not like the old days of bookies and craps houses, now it’s huge business. The owners of the casinos are the same owners of movie companies as well as amusement parks, they are all just forms of entertainment to them. If people could learn to play responsibly then there really wouldn’t be much harm but when you NEED to win you have already lost.
There are several positive effects that gambling has along with its positive impact for economic development. In some areas of the U.S. gambling has been embraced and promoted as a legitimate strategy of economic development. It helps the unemployed and underemployed by providing them with jobs that receive amazing benefits. It helps the real estate business in areas where casinos are built there are most likely to be a hotel somewhere nearby. There are several gambling companies that make charitable donations in their areas, by giving thousan...
The Exploratory Essay Gambling has become an important part of several people’s daily lives, so much so that some people are willing to put their lives savings at risk just for the win. Gambling is something that can start out as something very small, with trips to the casino here and there, or maybe just buying a couple lottery tickets. These small things can start slowly and sooner or later, sometimes even many years later, they can add up and become necessary in life. Then without even noticing it, these issues slowly turn in to a habit and begin to take over the individuals entire life despite it being so innocent and carefree in the beginning. While the numbers of people addicted to gambling is rising, many people in the United States
The Gambling industry attempts to win support with misleading information in its promotions. For example, gambling is said to help stimulate the economy by providing more jobs. According to the American Gaming Association study, "In 1995, the casino industry recorded $25 billion . . . and paid only $7 billion in wages" (Arthur Anderson). Also according to Maura J. Casey, there is high unemployment rates around casinos. (Casey 37) With people's losses and by encouraging workers to believe in cheating customers, casinos focus on gaining more and more money for their n...
Gambling involves taking a risk. It’s something that gets our adrenaline pumping. Believe it or not, money is one of the major things that makes the world go round and some of those believe that money does indeed buy happiness in our lives. We all have heard the stories of those who have won thousands to even millions of dollars just by gambling and we instantly think that could be us. If some random person can be that one in a million, surely I can be too, right? Even though gambling is a fun thing to do, it is important to be aware of the kinds of gamblers that exist in today’s society and realize that gambling should be played in moderation. For instance, some variations of players include: The Social Gambler, The Professional Gambler, and
In “The Pros and Cons of Gambling,” the professors Kaye Chon and Thomas A. Maier inform the positive and negative influence of gambling. For instance, casino expansion promotes everything to grow. It increases the needs of daily living and recruitment labors for service. These developments also open new areas for the locals to live, for the businesses to grow, and for the government to collect tax revenue. Although, the authors shows two main problems for casino employees and players.
Summer vacation, and school ends for about three months, and then you have as much fun as you can, then back to school… right? Well I had to go to summer school, but it wasn’t as bad as I thought it would be. Everything was going fine, I had a job after summer school, and that was going fine as well. They say that summer is supposed to be fun and exciting, and it usually is for me and my family. However in July my father started coughing up blood. My father usually doesn’t make it his top priority to go to the doctors, so he waited about four weeks until he really didn’t feel good.
Assuming most people do not count cards when playing blackjack it is harder for the casinos to filter out those who are fortunate from those who are skilled. In Breaking Vegas, a documentary of the teams blackjack story, it was mentioned that “the pit boss couldn’t figure they're game”(Atlas Media Corp & Bruce David Klein, 2004). By creating this image and not telling the casino that they are counting cards, they are manipulating the casino into thinking that the players on the team are extremely lucky gamblers. This strategy of playing the game allows the MIT students to come win over “four million dollars in winnings”(Atlas Media Corp & Bruce David Klein, 2004). The students use the advantage of withholding information to swindle the casino’s house of a lot of
Gambling in this society is an addictive thing. Gambling can be a fun thing but most people who gamble become very addicted. If the government talk to people about how gambling could help the world in positive ways they could have a better outcome on gambling. Casinos have been involved with numerous donations to schools in the state of Alabama. Casinos still have downfalls because gambling in the casinos could help in good ways and also bad ways. Gambling helps citizens by issuing out jobs in Alabama. Economic Development and employment is the reason why gambling should have the permission to be legal in all states.