Your Money: The house always wins

Dave Ramsey: Don’t waste time and money on gambling. One way or another, the house always wins.
Oklahoman Published: March 10, 2014
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DEAR DAVE: How do you feel about gambling at a casino, as long as you limit your spending and don’t expect to win big money?

— Brian

DEAR BRIAN: I don’t really have a moral problem with it, but I don’t understand the concept. Call me crazy, but I do not get a thrill from losing money I’ve worked hard to earn. That’s not my idea of entertainment.

When someone tells me they gamble for fun or recreation, my first thought is they’re delusional enough to believe that they’ll actually win — that they think they’re the exception to the rule. Otherwise, there would be no thrill. You may see a news story once in a while about someone winning big money in a casino, but that rarely happens.

Think, too, about how much money those people had flushed down the toilet previously while gambling. There’s a really good chance they didn’t really “win” anything. In most cases, they probably just recouped a small portion of their previous, substantial losses.

My advice is don’t waste your time and money on that stuff. One way or another, the house always wins.