Stupidly Gambling For Millions Is Admirable?

[seemorenuts]

Optisizer, you took a valid concept re portfolio diversification and erroneously came to the conclusion that these prop bets provide insurance. They don't.

[TimWakefield]

I don't get it. Doesn't the person who won a half million in a golf game have just as much "responsibility" to put the money to good use as the "unnamed" person who lost it did???

I don't think it's fair to suggest he should have "done something good" with the money.

[gilbert]

[ QUOTE ]
yeah but a lot of these guys score good snapper and i admire that

unless they is really ugly then they dont score anything

[/ QUOTE ]

QFMFT

[Daniel Negreanu]

I have a better person for us all to bow down to and admire:

How about this as a quality to admire- a guy runs a very successful website selling books and advertising. So far so good. Then, decides to START a post in the GOSSIP section of the forum, basically complaining that people don't admire him and only him!
He doesn't mention the player's name in the post because that would be a no-no, instead he makes it painfully obvious who he is talking about without saying said person's name.

Admire me people!!! I am the king of all nits and haven't bought a new pair of shoes in 25 years! How's that for +EV!

I won't name any names, because that would be in really, really, really, poor taste, but I think we, as a society should admire those that have no gamble, avoid fun at all costs(outside of giggling like schoolgirls when other authors make boo-boo's in their books), and look to date women that are one year away from being able to legally drive.

Was the OP bored that day or something? I can't imagine what prompted such a thread?

[Daniel Negreanu]

[ QUOTE ]
Normally I would post this on SMP but my other thread makes it relevant here.

It seems like a lot of people think it is admirable, or romantic or exciting to risk millions of dollars on gambling games with little or no edge. They somehow equate that with other entrepreneurs who pursue their dreams with little thought of the downside.

But don't you think there is a difference? I'm all for betting big money with an edge that justifies it. And I have no problem if people want to gamble big money without this edge. But to call this second category "admirable" seems totally wrong. Not when the world is in the state it is in. One well known hi roller professes strong religious conviction and goes on to lose half a million in a golf game he has little chance in. The loss doesn't affect him much, meaning he could have done some good with it. Fine. That's his right. But to ADMIRE the fact that he has gamble? Cmon. He wasn't risking his money in the hopes of starting a company that would turn apples into fuel. He was betting a half a million dolllars on a GOLF GAME. With the worst of it. You might admire that kind of activity. Forgive me if I don't.

[/ QUOTE ]

Sklansky makes one foolish assumption in his post. A professional gambler SHOULD always look for bets that are favorable, or at least break even. Sklansky incorrectly assumes that said "hi roller" made those golf bets with the knowledge that the bets had negative equity. In fact, Sklansky has absolutely no knowledge as to whether that $500,000 loss provided opportunities to actually earn much more in future golf bets, or if said hi roller is even a lifetime loser in golf betting.

I completely understand the point, that admiring a gambler who is willing to risk it all or bet huge amounts of money on coin flips is hardly admirable, but why he would choose to use the golf example he did, and worse, bring religious beliefs into the equation, well, that much I do not understand. But hey, at least he didn't post said hi roller's freakin' address on his forum and let it sit there for hours.

[moving shapes]

where's that drama bomb picture?

[yimyammer]

[ QUOTE ]
EXACTLY....conversation from 10 years ago, I am working 100+ hour weeks living on one of the great surf beaches in the world..

Me to Surfer Dude while walking to my car on the way to work

"What are you doing mate"

SD "Just enjoying life my man, surf's up ya know"
ME "But you live in a kombi van and eat like sheet and have no money"

SD" No mate the govt pays me social security, I do what I want"
ME "Yeah but you live in a van with no water, shower etc"

SD "Mate look at those crisp waves...come surfing for the day"
ME " NO dude I gotta work"

SD "Why work man"
ME "Ive got 3 kids in private school and I want to earn enough so I can retire"
SD "So what will you do when you retire"
ME "Probably surf and fish and drink wine"
SD "Exactly, thats what I do now mate...."

[/ QUOTE ]

LOL, Awesome!

[Lurker.]

[greg nice]

[greg nice]

[ QUOTE ]
[ QUOTE ]
EXACTLY....conversation from 10 years ago, I am working 100+ hour weeks living on one of the great surf beaches in the world..

Me to Surfer Dude while walking to my car on the way to work

"What are you doing mate"

SD "Just enjoying life my man, surf's up ya know"
ME "But you live in a kombi van and eat like sheet and have no money"

SD" No mate the govt pays me social security, I do what I want"
ME "Yeah but you live in a van with no water, shower etc"

SD "Mate look at those crisp waves...come surfing for the day"
ME " NO dude I gotta work"

SD "Why work man"
ME "Ive got 3 kids in private school and I want to earn enough so I can retire"
SD "So what will you do when you retire"
ME "Probably surf and fish and drink wine"
SD "Exactly, thats what I do now mate...."

[/ QUOTE ]

LOL, Awesome!

[/ QUOTE ]

yeah real original

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