Wednesday, March 21, 2007
Gambling - You can't win?
"But, even if there is not middle-man establishment, you still cannot win at gambling."...
Here's what they say at PathLights.com:
"Legalized gambling exists in forty-seven states and the District of Columbia. There are thirty state lotteries. It is estimated that there are now over 15 million compulsive gamblers in America.
People will buy ticket after ticket in order to win a state lottery, yet you are more likely to die in an airline crash than win a state lottery (about .5 million to 1). You are more likely to die in a car crash (about 6,000 to 1), and you are more likely to be hit by a falling object (15 to 1).
More money is spent each year on gambling in America than is spent on medical care, and this is half of what is spent on food. That is a lot of money. Yet the illusion is that gambling brings winnings, not losings.
In state lotteries, only about half the money taken in is paid out to the winners. A sizeable amount of the rest goes to finance the operation.
Gamblers meet with just as poor odds when they wager in other ways. Whether it be a racetrack or a casino, a lot of the money goes to the establishment, and far less is paid out in gambling winnings."
