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  1. #1
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    Our Lady and Lady Luck

    Almost all gamblers believe in luck, or Lady Luck, as they call her.

    But the fact of the matter is that gambling is precisely controlled by the laws of statistics.

    This discrepancy between luck and statistics makes bookmakers and the owners of casinos rich, and it makes the gamblers poor.

    We have the proof of this with David Walsh in Oz.

    David is a mathematician who calculates the statistics of gambling and wins and wins and wins until he has won a fortune which he has spent on a wonderful museum, MONA, in Hobart, Tasmania on the Derwent River. Click on - www.mona.net.au

    But David is the exception. He doesn't believe in Lady Luck any more than an atheist believes in Allah.

    David is a man of the Enlightenment, while those who believe in Lady Luck are like those who believe in the Our Lady, the Mother of God.

  2. #2
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    most people do not gamble to make money, they gamble for the thrill. And casinos provide the service of thrill for the price of lost money.

  3. #3
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    Lake Wobegon

    Quote Originally Posted by Phil P View Post
    most people do not gamble to make money, they gamble for the thrill. And casinos provide the service of thrill for the price of lost money.
    Yes, this is the propaganda of the Casinos, which is true, however the gamblers believe, with luck on their side, they can win.

    So when they win, they thank Lady Luck, but when they loose, they don't seem keen to blame her.

    It's a bit like footballers who thank God for every win but don't blame him for every loss.

    And it's a bit like Lake Wobegon where all the women are strong, all the men are good looking, and all the children are above average.

  4. #4
    WALMART
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    Today is another bad day...

    Is there anyone here that can give me happiness?





    Thanks for letting me relive some nostalgic thoughts, Victor.

  5. #5
    Senior Member Saslou's Avatar
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    I think if we are continuously looking for more then we will continue to be in positions where we want. We always want more yet don't count our blessings with what we have. I'd say i'm lucky in that i took a breath this morning, where countless people took their last. I woke to see the sun shining on a clear day, how many didn't get to see that this morning. It's all about perspective.
    “I made you take time to look at what I saw and when you took time to really notice my flower, you hung all your associations with flowers on my flower and you write about my flower as if I think and see what you think and see—and I don't.”
    ― Georgia O'Keeffe

  6. #6
    null Jonny's Avatar
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    Luck is absolutely real, but it is a descriptor of past and present circumstances, and does not contain predictive power. Broadly speaking, it is the occurrence of positive outcomes without forethought or direct knowledge of the causal path of our actions. If I play a game of Russian roulette and don't die, then I'm lucky in that context (provided I didn't want to die). The trick to ensuring a successful life is to minimize the number of times one must rely on "getting lucky" and/or minimize the severity of the potential worst case scenarios, when uncertainty is unavoidable, through conscious decision (e.g. Playing with rubber bullets).

    As for Mr. Walsh, I'd like to know where he's doing his gambling...

    (iPhone)
    [SIGPIC][/SIGPIC]

  7. #7
    & Badger, Ratty and Toad Mole's Avatar
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    Quote Originally Posted by Jonnyboy View Post
    Luck is absolutely real
    Of course we feel luck is real, particularly with hindsight. But statistics precisely predicts the outcome. And statistics shows how we are fooled into thinking luck is real.

  8. #8
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    Quote Originally Posted by Jonnyboy View Post
    As for Mr. Walsh, I'd like to know where he's doing his gambling...
    There is a good interview in, "The Monthly", at - http://www.themonthly.com.au/home-da...-flanagan-7371

    But the best I can find for you is at - http://www.themonthly.com.au/arts-le...d-new-art-2918

  9. #9
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    And we are fooled into thinking we can measure our own personalities.

    And worse, we are fooled into thinking we can measure the personalities of celebrities.

    And just when we think it couldn't get worse, we are fooled into thinking we can measure the personalities of our pets.

    This is similar to being fooled to believe in luck.

  10. #10
    & Badger, Ratty and Toad Mole's Avatar
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    And just as we are fooled to believe in luck, we are fooled to believe in revolution.

    We are fooled into believing a revolution will bring freedom and justice over dictatorship and cruelty. But a revolution not only overthrows a repressive regime, it also destroys the old order, paving the way for a brutal, bloody fight for power to establish a new order.

    This is clearly seen in the American Revolution and Civil War where they killed their own people brutally, bloodily and in large numbers.

    And we see this today in the Arab Revolution which is producing human catastrophes across the Arab world.

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