Comments on: Casinos Down: “those who know when to fold’em are foldin’ ‘em” http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/ "She is very powerful, so be nice to her." Former Chancellor, Ohio Board of Regents, Eric Fingerhut Sat, 04 Feb 2012 11:51:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Oengus http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/comment-page-1/#comment-59676 Oengus Mon, 14 Apr 2008 12:37:36 +0000 http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/#comment-59676 Gambling should go with tourism, like Monte Carlo as an augmentation to an existing economy that is tourist based. A cruise ship, not in an urban center, Vegas is also good place to buy used furniture, appliances, clothing, cars, and jewelry. Its true people, the local are hocking their stuff to run back to the casinos. I would like to see these numbers detailed, 2.4% is equal to 33% of receipts. Off the top of my head that would mean that, the 2.4% would have to have some serious access to capital. I suppose that if all gamblers were registered and you had extreme loses your bank would be able to stop you from getting a second mortgage on the house? I also wonder what percentages of payouts go back to what percentage and are they part of the 2.4%. Since nobody swipes an ID card entering the casino, you really do not know. I would think that based on your income and your income to dept ratio it would be entirely possible to set a limit. That would eliminate anyone from attempting to gamble to get out of dept and stop them from going into dangerously high dept. Hey, we should have that restriction on everything! Any use of math for predictions of complex multivariate scenarios is inherently nothing more than guessing. Math’s best use is in process reengineering, and then it becomes controlling results rather than guessing what happened. Gambling should go with tourism, like Monte Carlo as an augmentation to an existing economy that is tourist based. A cruise ship, not in an urban center, Vegas is also good place to buy used furniture, appliances, clothing, cars, and jewelry. Its true people, the local are hocking their stuff to run back to the casinos.

I would like to see these numbers detailed, 2.4% is equal to 33% of receipts. Off the top of my head that would mean that, the 2.4% would have to have some serious access to capital. I suppose that if all gamblers were registered and you had extreme loses your bank would be able to stop you from getting a second mortgage on the house?

I also wonder what percentages of payouts go back to what percentage and are they part of the 2.4%.

Since nobody swipes an ID card entering the casino, you really do not know. I would think that based on your income and your income to dept ratio it would be entirely possible to set a limit. That would eliminate anyone from attempting to gamble to get out of dept and stop them from going into dangerously high dept.

Hey, we should have that restriction on everything!

Any use of math for predictions of complex multivariate scenarios is inherently nothing more than guessing. Math’s best use is in process reengineering, and then it becomes controlling results rather than guessing what happened.

]]> By: Joseph http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/comment-page-1/#comment-59598 Joseph Sun, 13 Apr 2008 20:39:02 +0000 http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/#comment-59598 So you're saying I'm STILL gonna have to keep driving all the way to West Virginia and/or Indiana to play poker? So you’re saying I’m STILL gonna have to keep driving all the way to West Virginia and/or Indiana to play poker?

]]> By: Daniel Jack Williamson http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/comment-page-1/#comment-59594 Daniel Jack Williamson Sun, 13 Apr 2008 20:27:05 +0000 http://www.writeslikeshetalks.com/2008/04/13/casinos-down-those-who-know-when-to-foldem-are-foldin-em/#comment-59594 Thanks for this blog entry, Jill. Your writings against gambling are always compelling, and I love you for that. Thanks for this blog entry, Jill. Your writings against gambling are always compelling, and I love you for that.

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