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#1 2015-01-21 00:30:32

rara200284
Member
From: Los Angeles, CA
Registered: 2014-12-28
Posts: 76
Trades :   

Does anyone ever get tempted to gamble or play the lottery?

Last month I was playing the California lottery a lot. I just imagine winning all that money. Our country makes a lot of revenue just from gambling entries. I always think of making it big.
And sometimes, I read stuff about how money really needs to be earned by working smarter. I think of the speech in Atlas Shrugged by Aynn Rand about the Root of Money. I can't imagine really even being middle class at the moment so The Lottery becomes very appealing.

What are your guys' experience about playing the lottery or just gambling?

I really think about gambling $20 away and then think that I can buy 1oz of silver if I don't which would be a smart investment that isn't working against me.

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#2 2015-01-21 00:37:41

Jislizard
Silver Stacker
From: Australia
Registered: 2011-04-07
Posts: 7,479
Trades :   57 

Re: Does anyone ever get tempted to gamble or play the lottery?

I get given lotto scratchies at Christmas, I would rather have the money.

Sure they can be fun but generally they are a disappointment.

Over Christmas I won about $45, I could have been a millionaire a couple of times over but as it was I made back less than the cost of the scratchies.

I played in the the first UK lottery, as did just about everyone else in the UK.  Paid my £1 and bought a ticket, won £10, figured I was never going to have to work again, just buy tickets every week.  Sadly this story does not have a happy ending.

Anyway other than joining the work's lottery (It would suck to be the only one turning up for work on a Monday following the big jackpot) I haven't played and now I don't even put into that.

We once took all out lottery winnings, which were too small to bother dividing up between the syndicate members and we bought 40 scratchies, with the winnings from them we bought 3 scratchies and that's where we stopped.

However if you ask my mate Dave, he would say to do the lottery, always buy a scratchie when you go into the newsagent and never pass a pokie without putting some money in it, Dave is broke but ever hopeful.


Now stacking: World Junk Silver Coins.
Swap your older, worn, dirty fractional silver coins for fiat, .999 rounds or legal tender. 
Individual coins, mixed lots or bulk. 
Not looking for Australian, bent, holed or damaged coins, thanks!

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#3 2015-01-21 00:40:48

smk762
Silver Stacker
From: Westralia
Registered: 2014-09-04
Posts: 1,398
Trades :   15 

Re: Does anyone ever get tempted to gamble or play the lottery?

I used to bet on sports, and spend a lot of time researching advanced stats and other media to get an edge. Figured it was equal in added entertainment value as a few drinks during the game.
Never play the lotto, I call it the hope tax.

About a year ago I figured it was better to research companies and commodities, and gamble in the market. The game lasts longer, and you usually don't lose all of your outlay if it's a bad bet and the spot or share price drops. At worst you lose your money more slowly than betting on sports.

PMs are my fave because even if the value drops, I'm still left with something tangible, and as long as I'm not forced to sell at a loss I'm confident the value will be restored as the game goes on.


Note: No view / opinion I express is to be construed in any way as representative of entities which I may be associated with, including but not limited to employers, clubs, or charitable organisations. All commentary is made as a private citizen, regardless of the method of creative expression, and in accordance with personal integrity and my perception of the public interest. This disclaimer is to be applied perpetually and retroactively.Hi ASIO roll

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#4 2015-01-21 00:42:32

Jislizard
Silver Stacker
From: Australia
Registered: 2011-04-07
Posts: 7,479
Trades :   57 

Re: Does anyone ever get tempted to gamble or play the lottery?

smk762 wrote:

Never play the lotto, I call it the hope tax...

We used to call it a tax on the stupid, or a tax on people who can't do maths.  Not as catchy as yours!


Now stacking: World Junk Silver Coins.
Swap your older, worn, dirty fractional silver coins for fiat, .999 rounds or legal tender. 
Individual coins, mixed lots or bulk. 
Not looking for Australian, bent, holed or damaged coins, thanks!

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#5 2015-01-21 00:43:50

House
Moderator/ Legend
From: Stack City
Registered: 2012-04-30
Posts: 9,643
Trades :   232 

Re: Does anyone ever get tempted to gamble or play the lottery?

Played $50 a week for 2 months and tracked winnings. Made $35 more so not a bad result considering. Would have wasted the cash on beer anyway.


WBI- 41.16

"There's no point in paying a mortgage on an asset that is going to fall by 40 per cent or so in the next few years". Steve Keen, 2008.
Stacker FAQ'S. New threads welcome- http://forums.silverstackers.com/topic- … faq-s.html

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#6 2015-01-21 00:45:17

smk762
Silver Stacker
From: Westralia
Registered: 2014-09-04
Posts: 1,398
Trades :   15 

Re: Does anyone ever get tempted to gamble or play the lottery?

Jislizard wrote:

Anyway other than joining the work's lottery (It would suck to be the only one turning up for work on a Monday following the big jackpot) I haven't played and now I don't even put into that.

Way I see it, is if they all win and get rich, there will be plenty more of chances of a promotion. Another reason I don't play is that I fear the effect of that much unearned cash, and would likely be dead in a week.
I enjoy writing up the balance of the work lotto syndicate each week, just to remind them that "winning" $100 off a $200 outlay is actually a $100 loss.


Note: No view / opinion I express is to be construed in any way as representative of entities which I may be associated with, including but not limited to employers, clubs, or charitable organisations. All commentary is made as a private citizen, regardless of the method of creative expression, and in accordance with personal integrity and my perception of the public interest. This disclaimer is to be applied perpetually and retroactively.Hi ASIO roll

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#7 2015-01-21 00:46:28

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Does anyone ever get tempted to gamble or play the lottery?

While I've done a bit of sports betting for the sake of making a game more interesting, it's never between more than about a $20 and I'm not concerned if I lose. I've never bought a lottery ticket, scratchie or played a pokie in my life. My mindset is if there were anyway to "beat the system" the system wouldn't exist in the first place.

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#8 2015-01-21 00:52:19

Silver Soul
Silver Stacker
From: Thailand & WA
Registered: 2010-06-23
Posts: 1,497
Trades :   64 

Re: Does anyone ever get tempted to gamble or play the lottery?

We have a lotto syndicate on Silver Stackers sometimes! We never win lol


Rollup....Rollup...Don't delay....Silver is money....Become a Silver Stacker today.

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#9 2015-01-21 01:09:23

silverprepper999
Member
From: Bosnia
Registered: 2014-02-01
Posts: 258
Trades :   

Re: Does anyone ever get tempted to gamble or play the lottery?

did played european roullete online - demo, not for money. always won, but never did for real money big_smile you play smallest ammount only on color, if you win, good, play again. if you loose, double on the same color, if you win you recover and gain, if you loose, double it again, you must win eventually on that color and gain profit if you double it again and again. big_smile didnt trust casino with real money I didnt believe they would pay me out.

Last edited by silverprepper999 (2015-01-21 01:09:56)

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#10 2015-01-21 01:35:27

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Does anyone ever get tempted to gamble or play the lottery?

You're talking about the martingale system. Eventually you run into the table limit which stops you from doubling your bet

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#11 2015-01-21 01:36:36

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Does anyone ever get tempted to gamble or play the lottery?

Jislizard wrote:
smk762 wrote:

Never play the lotto, I call it the hope tax...

We used to call it a tax on the stupid, or a tax on people who can't do maths.  Not as catchy as yours!

People who say that entirely miss the point of buying the lotto.
You aren't buying the odds (which are stupidly high of course), you are buying the right to dream, knowing that you could win it and what you'd do with it.
If you aren't in it, then you can't genuinely dream about it, because it is precisely zero possibility for you.
People win the lotto almost every week in this country, it's a very remote but still a very real possibility, enough to want to buy into the dream.
I knew someone at work who won it, a production worker winning minimum wage. It happens.

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#12 2015-01-21 01:38:14

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Does anyone ever get tempted to gamble or play the lottery?

Caput Lupinum wrote:

My mindset is if there were anyway to "beat the system" the system wouldn't exist in the first place.

Tell that to the dozens who win it every year.

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#13 2015-01-21 01:39:06

smk762
Silver Stacker
From: Westralia
Registered: 2014-09-04
Posts: 1,398
Trades :   15 

Re: Does anyone ever get tempted to gamble or play the lottery?

.

Last edited by smk762 (2015-01-21 01:41:13)


Note: No view / opinion I express is to be construed in any way as representative of entities which I may be associated with, including but not limited to employers, clubs, or charitable organisations. All commentary is made as a private citizen, regardless of the method of creative expression, and in accordance with personal integrity and my perception of the public interest. This disclaimer is to be applied perpetually and retroactively.Hi ASIO roll

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#14 2015-01-21 01:40:57

smk762
Silver Stacker
From: Westralia
Registered: 2014-09-04
Posts: 1,398
Trades :   15 

Re: Does anyone ever get tempted to gamble or play the lottery?

silverprepper999 wrote:

did played european roullete online - demo, not for money. always won, but never did for real money big_smile you play smallest ammount only on color, if you win, good, play again. if you loose, double on the same color, if you win you recover and gain, if you loose, double it again, you must win eventually on that color and gain profit if you double it again and again. big_smile didnt trust casino with real money I didnt believe they would pay me out.

Only works with an unlimited bankroll and no bet limit. I built a roulette odds calculator and tested it with online demos to maximise return and minimise house edge using advanced stats. Best I could do was cut the house edge in half, but on balance it still wins. I did all this to get over dropping $200 in 20 minutes one night. After doing all the maths, I realised I'd need at least a $2000 bankroll to stay in long enough for the system to work and it had about a 20% fail rate. I've never played since.

SilverDJ wrote:
Jislizard wrote:
smk762 wrote:

Never play the lotto, I call it the hope tax...

We used to call it a tax on the stupid, or a tax on people who can't do maths.  Not as catchy as yours!

People who say that entirely miss the point of buying the lotto.
You aren't buying the odds (which are stupidly high of course), you are buying the right to dream, knowing that you could win it and what you'd do with it.
If you aren't in it, then you can't genuinely dream about it, because it is precisely zero possibility for you.
People win the lotto almost every week in this country, it's a very remote but still a very real possibility, enough to want to buy into the dream.
I knew someone at work who won it, a production worker winning minimum wage. It happens.

Aren't "hope" and "dream" synonyms?


Note: No view / opinion I express is to be construed in any way as representative of entities which I may be associated with, including but not limited to employers, clubs, or charitable organisations. All commentary is made as a private citizen, regardless of the method of creative expression, and in accordance with personal integrity and my perception of the public interest. This disclaimer is to be applied perpetually and retroactively.Hi ASIO roll

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#15 2015-01-21 01:42:04

errol43
Silver Stacker
From: Bundaberg
Registered: 2010-04-13
Posts: 6,330
Trades :   

Re: Does anyone ever get tempted to gamble or play the lottery?

To win at gambling, you have to be taught by a pro.

1st tip horse racing.. never bet even stakes. start small, increase your bets.

Regards Errol 43

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#16 2015-01-21 01:42:57

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,109
Trades :   118 

Re: Does anyone ever get tempted to gamble or play the lottery?

I play lotto etc when prize is >$20mil because I like to dream. I prefer jackpot lotteries, because the odds are better and I won't have to share the prize.
I do OK with sports betting on WRC. wink
I don't play pokies or roulette - to wise now. However, the first coin I ever put in a pokie won me the jackpot when I was 18 .... That was nearly dangerous.
Love online poker for real cash.


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#17 2015-01-21 01:46:09

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Does anyone ever get tempted to gamble or play the lottery?

wrcmad wrote:

I play lotto etc when prize is >$20mil because I like to dream.

Yes, the standard million doesn't even come close to cutting it any more. Can barely even buy the average Sydney suburban home.

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#18 2015-01-21 01:53:58

Caput Lupinum
Silver Stacker
From: Silver Stackers forum
Registered: 2012-06-17
Posts: 4,964
Trades :   11 

Re: Does anyone ever get tempted to gamble or play the lottery?

SilverDJ wrote:
Caput Lupinum wrote:

My mindset is if there were anyway to "beat the system" the system wouldn't exist in the first place.

Tell that to the dozens who win it every year.

Dozens vs how many that play? Of course if no one won then there would be no point. I'd rather invest in something like aristocrat or tabcorp holdings

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#19 2015-01-21 01:55:40

willrocks
Silver Stacker
From: Yesterday
Registered: 2012-05-10
Posts: 7,635
Trades :   29 

Re: Does anyone ever get tempted to gamble or play the lottery?

If you want to make a small fortune gambling ... Start with a big fortune.


"You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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#20 2015-01-21 01:58:07

Jislizard
Silver Stacker
From: Australia
Registered: 2011-04-07
Posts: 7,479
Trades :   57 

Re: Does anyone ever get tempted to gamble or play the lottery?

smk762 wrote:
Jislizard wrote:

Anyway other than joining the work's lottery (It would suck to be the only one turning up for work on a Monday following the big jackpot) I haven't played and now I don't even put into that.

Way I see it, is if they all win and get rich, there will be plenty more of chances of a promotion...

Woo Hoo, chief shelf stacker!  At the time I was on the night restack, (24 hour supermarket) it was a cool job but if they wanted any talent they brought it in from other stores smile


Now stacking: World Junk Silver Coins.
Swap your older, worn, dirty fractional silver coins for fiat, .999 rounds or legal tender. 
Individual coins, mixed lots or bulk. 
Not looking for Australian, bent, holed or damaged coins, thanks!

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#21 2015-01-21 01:58:43

mrg9grn
Member
From: Adelaide
Registered: 2013-08-11
Posts: 468
Trades :   54 

Re: Does anyone ever get tempted to gamble or play the lottery?

I used to go to casino and sit around four roulette tables and wait till one has hit a color five times in a row then bet 50 or a hun on the opposite color I've been up over a thousand doing this but then there are the times when it doesn't work and I lose everything buy chasing the color buy doubling my bet. Used to take 500 every three months to do this if I walk out up I just go to the bullion shop straight away so I dnt go back with my winnings.



another trick my uncle taught me is if you go to the pub to drink bet your beer money say 5$  on the three best dogs only one has to place in first  second or thrid and you'll drink for free

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#22 2015-01-21 02:05:24

Jislizard
Silver Stacker
From: Australia
Registered: 2011-04-07
Posts: 7,479
Trades :   57 

Re: Does anyone ever get tempted to gamble or play the lottery?

SilverDJ wrote:
Jislizard wrote:
smk762 wrote:

Never play the lotto, I call it the hope tax...

We used to call it a tax on the stupid, or a tax on people who can't do maths.  Not as catchy as yours!

People who say that entirely miss the point of buying the lotto.
You aren't buying the odds (which are stupidly high of course), you are buying the right to dream, knowing that you could win it and what you'd do with it.
...

I still get to dream but it doesn't cost me anything, I don't dream about winning the lotto of course! 

I just dream about my 40 acres of farmland with the dams and the food forest on it, although winning the lotto would mean I could buy it and move in tomorrow it is still well within my current means, just too far to commute.

Of course you might be dreaming that a big lotto win would mean you don't have to work anymore, luckily I enjoy my work, right next to my house and full of enthusiastic, committed adult learners.

Still, I wouldn't turn down a couple of million if it was offered.


Now stacking: World Junk Silver Coins.
Swap your older, worn, dirty fractional silver coins for fiat, .999 rounds or legal tender. 
Individual coins, mixed lots or bulk. 
Not looking for Australian, bent, holed or damaged coins, thanks!

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#23 2015-01-21 02:07:21

wrcmad
Silver Stacker
From: Northern NSW
Registered: 2012-01-02
Posts: 6,109
Trades :   118 

Re: Does anyone ever get tempted to gamble or play the lottery?

mrg9grn wrote:

I used to go to casino and sit around four roulette tables and wait till one has hit a color five times in a row then bet 50 or a hun on the opposite color I've been up over a thousand doing this but then there are the times when it doesn't work and I lose everything buy chasing the color buy doubling my bet.

I hope you are not serious about believing a run of colours on a roulette table having any bearing on the next spin!?


Anything is possible, but not everything is probable.  wink

Manipulation..... If you want to continually subscribe to this idea then get out of precious metals. Only a fool would play a game that is completely rigged. As you still are in the game, I would say that you are not completely convinced of the manipulation ...

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#24 2015-01-21 03:17:17

Tacrezod
Member
Registered: 2010-01-29
Posts: 475

Re: Does anyone ever get tempted to gamble or play the lottery?

wrcmad wrote:
mrg9grn wrote:

I used to go to casino and sit around four roulette tables and wait till one has hit a color five times in a row then bet 50 or a hun on the opposite color I've been up over a thousand doing this but then there are the times when it doesn't work and I lose everything buy chasing the color buy doubling my bet.

I hope you are not serious about believing a run of colours on a roulette table having any bearing on the next spin!?

Plus one on this. Gambler's fallacy.

http://en.wikipedia.org/wiki/Gambler%27s_fallacy

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#25 2015-01-21 08:17:13

mrg9grn
Member
From: Adelaide
Registered: 2013-08-11
Posts: 468
Trades :   54 

Re: Does anyone ever get tempted to gamble or play the lottery?

wrcmad wrote:
mrg9grn wrote:

I used to go to casino and sit around four roulette tables and wait till one has hit a color five times in a row then bet 50 or a hun on the opposite color I've been up over a thousand doing this but then there are the times when it doesn't work and I lose everything buy chasing the color buy doubling my bet.

I hope you are not serious about believing a run of colours on a roulette table having any bearing on the next spin!?


not really just made it more comfortable to bet if you get the chance have a look at this series breaking vages people have done some stuff to improve odds some plan cheating some not

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