Topic: Casino can play a role in changing fortune? - page 10. (Read 1612 times)

Its a good story, im surprised. Never heard any business level success story that involved gambling. I think I can agree that gambling can change lives. If you hit jackpot, if you make million dollar or hundred thousands of dollars, your life will obviously change. But what if you spend your whole money but not hit anything. I also imagined same guy, gambling his last money and loses it all. His business would be already dead now. So its really about luck.

This is one of those stories that ended well. But if you look at this situation from the other side, you will realize that he won this money thanks to the people who lost it, because the gambling market is a zero-sum market. If someone wins, then someone is bound to lose.

And Smith was really good at stopping in time and investing in the business instead of losing money the next day.

What if it turned out that Smith lost the entire $5000 he would maybe had committed suicide or would have gone completely bankrupt. Casino can actually play a role in changing fortunes but the chances are slim. What worked for Smith might not work for Dick that was a big risk although it turned out positive but my concern is what if everything was lost we should also consider this part

I beg to disagree with your opinion that only a very few percent of gamblers have experience life changing success. If you think that winning multi million dollars is the only way for you to experience life changing success then you're wrong. It actually depends on the individual and how he will manage his funds and winnings on the casino. Just as you've said, you already saw a lot of people who won more than 50,000 dollars. More than 50,000 dollars may change an individuals life depending on how he managed his winnings as not all of them lose these.

Based from the story above, 27,000 dollars is more than enough to change his life situation as he invested his money on his own company.

Maybe it was a bet for him because he felt that with not enough money, he continued to run his business and remained convinced that one day his business would succeed and he finally proved it.
I think there have been many business ventures like the story you shared and there have also been many successful business ventures with only small capital but can generate a lot of money.
But we know that those who can succeed with their efforts must have careful calculation and can face all obstacles well.
This is what distinguishes gambling in casinos and gambling in business.

I am not sure if this is really a good success story for gambling. There are a few issues with the story that are not really good in my opinion. First of all, going to visit a casino with a "depressed mind" is the wrong state of mind before gambling. Personally I only try to gamble when I feel good, because when losing in a casino everything feels worse. So if I am already in a bad mood before by gambling session I would be afraid to downward spiral into a depression after losing money. Gambling with $5,000 as a CEO seems alright, his salary must have been quite high even during the startup phase. But making it to $27,000 within a week doesn't seem so live changing for such a huge company like FedEx. With that money you could have maybe bought one new delivery truck, or hire a few more employees. Not sure if it was worse it to spend one week for that money. Couldn't he just get a loan that is much larger and spend the week working to advance his business? We shouldn't forget the opportunity cost of gambling for a whole week and not being in the office working.

Looked up a bit and it seems that $27k was a lifesaver for them. It managed to keep the company up and running for a week which enabled them to basically make a comeback, basically turning the entire situation around. I also liked how the mindset of the founder was like, "We're doomed anyway, might as well try doing something with it". A true kind of YOLO moment for them. Honestly wouldn't even consider doing it at that moment if I was in their position, especially even considering to turn to gambling at that point.

Gambling the remaining money is not the ideal way but it's still one of the few cases of winnings spent wisely.

I'm following the story of this user who won $170K at Rocketpot. While there is still uncertainty that he/she will get them all due to the casino's withdrawal limits and liquidity, that amount is already life changing to many people. We don't know for sure how he'll use it but it will certainly help his/her family. It would be great if he/she could make that money grow and come back here to share the story.

Nice story,I didn't know this one.There are very few persons on earth compared to the earth population which in percentage is less than 0.0000001% that have experienced a life changing event by going to a casino.These people are the ones who have hit a multi million dollar jackpot,only this can be considered a true life changing event.I have seen people winning small jackpots from 50.000 dollars up to 250.000 dollars but most of the time they have lost it again,while winning a multi million dollar jackpot can at least change your life for a minimum of 5-10 years even if you gamble that money away.

Many of us who play casinos, suffer more or less. Many are blaming it again that it is a money-losing machine. In this regard I would like to share a success history by playing casino game. It is only for knowing the truth especially those are don't know the fact.

Many of us may know the name of an international courier service known as FedEx. This courier service company headquarter is in Tennessee, USA. FedEx currently distributes about 1.2 billion parcels a year in 220 countries with an annual revenue of about 3 billion. Smith, founder of FedEx, started his business with 84 million us dollar. At that time he started operations in 35 countries with 8 planes. But at one stage, the price of plane fuel increased and that contemporary time courier service did not become very popular. His company is on the verge of bankruptcy. Smith come back to Las Vegas feeling sad. At that time Las Vegas was known as the capital of casinos. He had only $5,000 when he entered a casino with a depressed mind. His destiny was revealed. He earned about $27,000 with in a week. Smith come back to FedEx headquarter and invest his money on his company even though his money was not enough to run the company but with his hard work and enthusiasm he arranged to send all the parcels. in this way he established his company.

This is really a good success of smith as well as FedEx with the favor of Casino. By the way, i am not sharing it to encourage anyone to the casino.