Quote:
Originally Posted by mjohnson
Yup. My first conference in grad school (1998?) was almost a week at Caesar's Palace. Girlfriend went home early and on my last night I decided to blow $20 on some hot gambling action. Even center-strip (not Caesars) you could find $2.00 roulette and some watered down G&Ts. I just played "2" every spin for some reason and hit twice in maybe 8 spins. I was expecting to just burn the $20 for a drink or two and some people watching but walked with maybe just over $100. Others at the table thought me to be the idiot for playing the same number...
Dealer/ballspinner said, when I was walking off, "woah - nobody leaves so soon. Stay and play a while." - aaand that's why teeshirt sales aren't what pays for those giant hotels!
(yes, buying 5 tix tomorrow because, regardless of inflation, a few six-sigma belts and reality, I've given myself a $20/y gambling budget for the last few decades)
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I heard this in the early 90s and I never found any evidence that its true but...
My probability professor said he used to make fun of all the poor lottery players. But then one of his old grad students who was an associatemath professor at berkeley won the california powerball and ended up endowing a chair in probability with some of the money. So he changed his tune and told all his students to go ahead and play.