Sunday 22 December 2013

Investments with ∞ Returns

We went back to the casino, and even though it said Grosvenor, it was a Gala and still had not fully integrated.  So most of us had to sign up again, even though we had registered with Grosvenor last year.

Signing up came with a free bet voucher, and that was the seed to my 'investment'.

The voucher was for a '50% win' bet, so I put it on roulette and I won.  With some chips in hand, I moved onto blackjack and ended at GBP22.  I cashed out at 22 quid.  It was not the biggest win, but at the end of the day, I had not put in any money, the only investment was a bit of time.  It was not bad.

I understand the game very well, and there are a good number of people think gambling is a valid investment.  As a mathematician, I know the game too well.  To be fair, gambling has a fixed odds, to guarantee loss; on the other hand other investments has no fixed odds, many other variables, and nothing is guaranteed either.

Paul had won a fair bit of money, but since he put down some initial investment, his returns was a fixed number.  'Speculate to accumulate', Steve said.

I was quite pleased with my winnings, but lets put them in my savings account.

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