The Eternal Allure of Gambling

I just spent three days in the land of milk and money – Las Vegas. There is something refreshingly honest about the place: it’s all about money and it knows it. It doesn’t pretend to be anything else.

No doubt some of the architects think that their work has some importance of its own: the re-creations of Venice, Camelot, Paris, Egypt, and New York. Battling pirate ships and erupting volcanoes aside, once you enter the themed palaces, they are all the same: crap tables, blackjack tables, roulette wheels, and thousands upon thousands of slot machines – all promising to give you a fun time while you lose your money in the pursuit of a possible fortune.

The lure of gambling has existed throughout recorded history but has never gripped the millions who now participate. We play state-sponsored lotteries, visit tribal and other legal casinos, create special accounts for Internet gaming, bet the horses, bet the dogs, bet on sports, fights, anything where we can catch the excitement of beating the odds.

Moralists worry that a large percentage of those who risk their money, are those who cannot afford to risk anything: the poor, the unemployed, the minimum wage fringe who, at the best of times, barely hang on to the basement rung of the economic ladder. They argue that gambling should be a pleasant pursuit for those who can afford to lose a reasonable amount, using the money they have earned for purchasing excitement, entertainment, and momentary escape.

Who’s kidding who?

For the middle class gamblers who bet on the super bowl, the derby, the occasional lottery ticket, or visit the casinos once or twice a year, gambling is a diversion, a fun time, a little bit of excitement sandwiched between the realities of career advancement, building a nest egg, raising children, and doing their civic duties. The thrill of a potential win is the lure of proving their ability to compete, to come out on top, to better their opponents, the pros, the odds, the morning line. It is a personal challenge that can boost their self-confidence when they win but has few negative effects when they lose because their real self-image relates to the important aspects of their lives, separate from their gaming ventures.

It is those who cannot afford to lose who become addicted to the lure of chance. Stuck in minimum wage employment, without the education, the skills, or the entrepreneurial savvy to work their way up the social and economic pyramid, they see gambling as the promise of a permanent way out, a tsunami that can sweep them instantaneously to the top, an overnight millionaire. A lottery ticket, a slot machine, a pick 6 wager, plays no favorites. The poor, the homeless, the forgotten, the have-nots, all compete with the rich and famous on an equal footing. They become hooked on continued gaming because it is the only chance of reaching the lifestyle they want to achieve.

A successful businessman wins a quarter of a million dollars and it is nice: a bonus, a chance to splurge on new toys, the opportunity to retire outstanding debts, or expand their company with a welcome infusion of capital.

A working-class-stiff wins a quarter of a million dollars and it is truly life-changing. A janitor, a gardener, a fast food worker, a guard – with a windfall like that, they can turn their back on the roach-infested slum apartment and move to a better neighborhood or buy a small house and a new car. They can quit their hated job, help their families, participate in the good life they have only previously experienced as outsiders, looking in.

Imagine you have a son or daughter who is of college age or ready to go out into the world and find a job. This young adult comes to you and tells you that he or she has finally made a choice of career. You are happy for your off spring and ask what that career might be.

Online Gambling: Crores siphoned out of country | The Daily Star

“I want to handicap horse races for a living,” he or she says.

How would you feel about that? If you are like most parents, you’d be disappointed and worried that your child had gone off the rails. A handicapper for a living? A professional gambler DEWA POKER ? That doesn’t sound very good if it is someone you love, someone you want to succeed in the world.

There are, however, many people who are trying to do just that as you are reading this. Sometimes it is because that person thinks it will be an easy life with lots of freedom and easy money. Others believe it is romantic to make a living with your wits and watch horse races each day.

For other people it is more of a necessity. They may not have many options in this bad economy and they have run out of other choices. In desperation they decide to try to make money betting on horse races, vowing to work at it like a job and to make it pay. Some people who sell racing tips or handicapping systems would have you believe that it isn’t even gambling if you have the right information. When a desperate person reads that line they often convince themselves that they aren’t really gambling, just learning how to invest.

Take a few tips from an old timer who has placed many a bet, handicapped many a race, and stood in the winners circle with his own horse a few times, betting on horse races is gambling and is risky. It can be thrilling, financially rewarding, and costly, too. If you are seriously going to try to make money on horse racing bets, get the facts and make a solid plan for your future.

Can anyone really make money playing the horses? In my opinion and based on my own experiences, yes. Is it easy, glamorous, or thrilling? Yes and no. The truth of it is that you will have to work very hard and the failure rate is very high. When you choose handicapping as a career you are not only gambling on horses, but your own future as well.

The way that most successful horse racing handicappers succeed is to immerse themselves into the game and live, eat, breath, and think horse racing. They also stick to a strict money management scheme and work harder than most people with a steady job. It is thrilling to win money by betting on horse races, but I can tell you from personal experience that it is gut wrenching to have a large bet on a horse and to need the money to pay your bills and see that horse lose by a nose.

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