Gambler

The gambler who cracked the horse-racing code in Hong Kong, Asia News & Top Stories - The Straits Times

HONG KONG (BLOOMBERG)-Mr Bill Benter did the impossible: He wrote an algorithm that could not lose at the track. Close to a billion dollars later, he tells his story for the first time. Horse racing is something like a religion in Hong Kong, whose citizens bet more than anyone else on Earth. Their cathedral is Happy Valley Racecourse, whose grassy oval track and floodlit stands are ringed at night by one of the sport's grandest views: neon skyscrapers and neat stacks of high-rises, a constellation of illuminated windows, and beyond them, lush hills silhouetted in darkness. On the evening of Nov 6, 2001, all of Hong Kong was talking about the biggest jackpot the city had ever seen: at least...

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What Gambling Withdrawal Looks Like for a Compulsive Gambler

There was a time when compulsive gambling was considered to be a bad habit, a hobby or preoccupation that some people took a little too far. There is a common perception that one can simply quit at any time. Many people still consider gambling addiction to be primarily a financial problem and don’t understand that deep and profound control that it can have over a person. Compulsive gambling can be an addiction, just as real and powerful as a serious drug addiction. According to Scientific American, "pathological gamblers and drug addicts share many of the same genetic predispositions for impulsivity and reward seeking. Just as substance addicts require increasingly strong hits to get high,...

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Action or Escape Gambler

The only way to assess the early days of compulsive gambling in Arizona is to look at the status of Gamblers Anonymous in our state. Prior to the early 1990s, the only people who walked through GA's doors and stayed were men. It was assumed that all fit the profile of the men who started GA, what we now call the Action gambler. "He" usually had started gambling in his teens and played skill games such as cards or track betting. He didn't attempt to stop gambling until forced into recovery by a spouse, employer or probation officer -- often after 10 to 30 years of gambling compulsively. If there were what we now call escape or late-onset gamblers among these early members, the distinction...

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How and Why to Become a Professional Gambler, The Art of Manliness

Once again we return to our So You Want My Job series, in which we interview men who are employed in desirable man jobs and ask them about the reality of their work and for advice on how men can live their dream. Today we feature a singularly interesting and unique job, that of the professional gambler. Many a man has gambled in his day, whether with real money or cookies. But Christatos Aristad was able to parlay his talents in gambling into a real profession, a lucrative one at that. While some may see professional gamblers as a bit shady, Mr. Aristad is of an older school of gambler, and is the consummate gentleman. Recently retired, he’ll be penning a series of articles for AoM on...

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The Luck of the Gambler

We all know the picture from the books and the movies: a gambler sits at the roulette table in a casino. He has luck. A lot of luck. In front of the gambler the pile of chips is growing. Higher and higher. Every spin of the roulette wheel adds to the heap. When the heap reaches the level of his eyes, he could just get up, exchange the chips for money and go home. He winnings are enough to keep him in luxury for the rest of his life. But the man cannot get up. Just cannot. He is glued to his place at the roulette table. And then his luck abandons him. The heap of chips starts to shrink. He could still get up and save a part of his winnings. But he cannot. He is glued to his seat. Until he...

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Gambling Problem Hotline in NJ, Gambling Addiction Treatment, 800-Gambler,

Gambling Is Not Child's Play - Lottery Scratch-Offs CCGNJ's 36th Annual Statewide Conference on Disordered Gambling Preview Understanding the Risk of Excessive Sports Gambling How A Gambling Disorder Can Negatively Impact Your Life Will legal sports betting increase problem gambling in New Jersey? How Sports Betting Can Quickly Develop into a Gambling Disorder Jeff Beck - Aging Insights: Addiction and Seniors Friday, March 28 - 2014 Problem Gamblers and Lottery Tickets 800-GAMBLER Report: Video Gaming Problem Case Study 800-Gambler Report: Gambling Hidden Within Video Games 800-Gambler Report: The New Beginnings Of Gambling Domestic Violence Awareness Month CCGNJ is Here to Help with...

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How an American gambler unlocked the secret to Hong Kong horse racing, winning almost US$1 billion, Post Magazine, South China Morning Post

Horse racing is something like a religion in Hong Kong. Its citizens are keener gamblers than any other people on Earth. Their cathedral is Happy Valley Racecourse, its grassy oval track and floodlit stands ringed at night by one of the sport’s grandest views: neon skyscrapers, neat stacks of high-rises and a constellation of illuminated windows. On the evening of November 6, 2001, all of Hong Kong was talking about the biggest jackpot the city had ever seen: at least HK$100 million (then about US$13 million) for the winner of a single bet called the Triple Trio. The wager requires a gambler to predict the top three horses, in any order, in three races. More than 10 million...

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BBC - Future - Why gamblers get high even when they lose

No one likes to lose – even pathological gamblers. And yet they keep on betting. If the house always wins, why roll the dice again? People addicted to gambling frequently report that, despite losses stacking up, the buzz keeps bringing them back to the card table or slot machine. And recently, one Wall Street executive admitted defrauding family, friends and others out of $100 million to feed his habit. But if someone is ultimately losing money – perhaps even losing their job or house as a result of nursing their addiction – how can that high possibly outweigh the sacrifices? The first thing to note is that people don’t just gamble for the prospect of winning. Mark...

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The Gambler - William C. Rempel - E-book

The Gambler How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History Spend $49 and get FREE shipping on HC.com The Gambler We'd love you to buy this book, and hope you find this page convenient in locating a place of purchase. Select a Bookseller - Direct Link to Buy “Offers an entertaining look at Kerkorian’s outsize life… an interesting portrait of a billionaire.” – Wall Street Journal The rags-to-riches story of one of America’s wealthiest and least-known financial giants, self-made billionaire Kirk Kerkorian—the daring aviator, movie mogul, risk-taker, and business tycoon who transformed Las Vegas and Hollywood to become one of the leading financiers in...

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The Gambler s Fallacy And The Hot Hand - Business Insider

Researchers Tested The 'Gambler's Fallacy' On Real-Life Gamblers And Stumbled Upon An Amazing Realization One of the most interesting things that comes out of behavioral research is the situation in which people act as though they believe one thing and their actions cause the opposite outcome to occur. The hot-hand fallacy occurs when gamblers think that a winning streak is more likely to continue. This belief is based on the idea that having already won a number of bets improves the probability that they will win the next bet or the next number of bets. Luck will continue favoring them, and the same outcome of winning bets gets more likely the more times it happens. The...

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