Casino can play a role in changing fortune? - page 4.

dothebeats

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Quote from: Frankolala on July 25, 2022, 11:06:20 AM

Smith is a lucky man because he was at the right place at the right time, it was his fate that took him there. I must say he never understood his weakness in his FedEx company that was why he got bankrupt.
Going to the casino made him realized his weakness in his business which he turned it into his strength, because he started all over again.

The chance of winning big in casinos are very slim.

And "fate" is what drives people to do absurd things thinking that they can replicate what others did because they feel like they're destined for that same thing. News flash: they're not. Smith is not only a lucky man but also a smart one that recognizes his situation and bailed out after he got something out of his luck. Most people would have continued playing because they believe they can get more. Perhaps Smith's business (FedEx) also helped him have a clear mind when it comes to such decisions. He knows his priorities and he knows what's best for him and his company.

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Quote from: Frankolala on July 25, 2022, 11:06:20 AM

Smith is a lucky man because he was at the right place at the right time, it was his fate that took him there. I must say he never understood his weakness in his FedEx company that was why he got bankrupt.
Going to the casino made him realized his weakness in his business which he turned it into his strength, because he started all over again.

The chance of winning big in casinos are very slim.

I think that every person in a day can have a touch of luck, the only thing is that we do not know when that touch of luck will come out, but there is something that must be clear, the moment we enter a casino we must highlight that we are giving ourselves over to a system where there will always be a business model where the house will always have the advantage, where our money is very easy to lose, otherwise there would be no casinos, because if it weren't an NGO, then the Players have to fight against the house advantage, against other types of inconveniences of the game, those who win it is because they obviously know how to play, how much to bet and that they have their touch of luck at the right time.

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Smith is a lucky man because he was at the right place at the right time, it was his fate that took him there. I must say he never understood his weakness in his FedEx company that was why he got bankrupt.
Going to the casino made him realized his weakness in his business which he turned it into his strength, because he started all over again.

The chance of winning big in casinos are very slim.

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Quote from: johhnyUA on July 15, 2022, 03:02:12 PM

Quote from: lionheart78 on July 08, 2022, 11:47:56 AM

The amount won does not help but the psychological impact does. It boosted his confidence in dealing with the company's problems resulting in more rational thinking which leads to an innovative way of solving the company's problems. As a result not only did he solve the crisis but even make his company even greater. Motivation at its finest.

I doubt about this idea. You can obtain a lot of dofamine through another activities which do not means to risk with your own money.

I was referring to the story stated by OP, so I don't have any idea where are you coming from. Besides I am not talking about how Smith was entertained by his Casino activity, I am talking about how he got motivated after the result of his gambling activity in Las Vegas that booked him $27k. The result does give him the confidence to push forward.

Quote from: johhnyUA on July 15, 2022, 03:02:12 PM

Quote from: lionheart78 on July 08, 2022, 11:47:56 AM

Quote from: johhnyUA on July 08, 2022, 11:15:57 AM

And of course, Smith could lose his 5000 dollars and then jump out of the window. Much more probable outcome than such "success story".

True every story has its counterpart if the result is different. He might end up selling his company if he goes out of that Casino empty-handed and depressed.

Because of that you shouldn't use casino as "motivation center", especially if situation with your business isn't good enough.

Who said someone must use a casino as a motivation center? Depending on the result it could be catastrophic but the story does not tell that side rather it tells how one got motivated after winning a certain amount in his gambling activity.

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Quote from: dothebeats on July 14, 2022, 01:50:00 PM

It's a one in a million event that rarely happens. The guy in the story managed to become rich because of luck, and he knows when to stop, too.

I think the story is about a rich people who happen to have a struggling company and decided his last 5k when he goes to Las Vegas, and win $27k. It isn't mere luck I think, he becomes rich because of either inheritance or his ability to manage a company. Well, if you consider inheritance as luck then probably yes.

Quote from: dothebeats on July 14, 2022, 01:50:00 PM

Not a lot of people have that willpower in them to begin with hence even if they managed to win big, they'd still end up to square 1 simply because they can't stop. The first step is self-control, and if you do not have this, better not gamble and just work diligently or perhaps, open up a business and pray that it succeeds.

I think the matter of winning big and ending up in square 1 isn't about willpower but rather depends on the financial education of a person. For example, often time people who won in a lottery are just ordinary people who have little knowledge of financial management. So they fail to manage their finances after winning a huge amount making them spend endlessly until their money runs out.

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Quote from: dothebeats on July 14, 2022, 01:50:00 PM

It's a one in a million event that rarely happens. The guy in the story managed to become rich because of luck, and he knows when to stop, too. Not a lot of people have that willpower in them to begin with hence even if they managed to win big, they'd still end up to square 1 simply because they can't stop. The first step is self-control, and if you do not have this, better not gamble and just work diligently or perhaps, open up a business and pray that it succeeds.

gambling can make many people lose everything, for example, see the case of lotteries, even in my country there are many people who every day (I'm not exaggerating) every day these people from my country go to buy a lot of lottery tickets, the which shocks me and that it takes a long time for someone to win the award and even when a person wins it doesn't take many years to go back to being poor. In slot games I see the same thing in my country. This made me realize that in games of chance where you rely on luck, you have a greater chance of being addicted and when you win a lot in a short time you lose everything, while in games of chance where you depend on knowledge and strategy the things are different

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Quote from: lionheart78 on July 08, 2022, 11:47:56 AM

The amount won does not help but the psychological impact does. It boosted his confidence in dealing with the company's problems resulting in more rational thinking which leads to an innovative way of solving the company's problems. As a result not only did he solve the crisis but even make his company even greater. Motivation at its finest.

I doubt about this idea. You can obtain a lot of dofamine through another activities which do not means to risk with your own money.

Quote from: lionheart78 on July 08, 2022, 11:47:56 AM

Quote from: johhnyUA on July 08, 2022, 11:15:57 AM

And of course, Smith could lose his 5000 dollars and then jump out of the window. Much more probable outcome than such "success story".

True every story has its counterpart if the result is different. He might end up selling his company if he goes out of that Casino empty-handed and depressed.

Because of that you shouldn't use casino as "motivation center", especially if situation with your business isn't good enough.

dothebeats

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It's a one in a million event that rarely happens. The guy in the story managed to become rich because of luck, and he knows when to stop, too. Not a lot of people have that willpower in them to begin with hence even if they managed to win big, they'd still end up to square 1 simply because they can't stop. The first step is self-control, and if you do not have this, better not gamble and just work diligently or perhaps, open up a business and pray that it succeeds.

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Quote from: rhomelmabini on July 09, 2022, 02:43:30 AM

Quote from: TopT3ns on July 08, 2022, 11:57:41 PM

I think when you keep gambling using borrowed money it's like committing suicide because there is no guarantee you can get a profit from gambling, it's better if you still need money to gamble, then you work and look for money and as much money as possible you use it for gambling. Gambling is not based on debt or the like because when you lose you will lose and be depressed.

It is likely a suicidal attempt, it's a liability if it wouldn't make any profit unless it will turn the table and you hit a jackpot. It's good to gamble as long as you're not going all in and still thinking for yourself, the needs for everyday living and if you have family make sure it's intact until the day you've been compensated again.

More than a suicide attempt, it is actually like a grasp of air, trying to breathe underwater and clinging for hope.

Gambling using funds that came from a loan is a recipe waiting for disaster- you are clinging to something that is already risky in the beginning. In the event that the gambling activity fails and you lost more money in the process, then how would you able to repay the loan? If the loan contract states a contract of guaranty where your assets have to be liquidated, then expect that your assets can be the subject of payment to your debts.

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OP the story you narrate did not say Smith went back again after winning the $27,000 and after established his FedEx company back to life again. Yes casino has changed a lot of people life to good. Just like friend told me yesterday that he was having no money in his hand to buy food stuff and eat so he was hungry and he got email alert from casino site that he registered days back that he has a bonus of $1, so he used it to placed a bet and won $5 and he used to cook soup and eat. But that is not withstanding that gambling is a profession that someone will indulge with because if you win today like the amount Smith won and thinking that, you will still win again. Unless that the same grace is still with you if not you might lose double of the amount won at the first instance. As it is said again and again. Gambling is a game of luck, it also has bull and bear market.

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Casino can indeed change the financial life of anyone if the win is used judiciously. We have heard countless stories of people that won huge sums of money only to blow the cash on luxuries and flamboyant life styles. It is believed that you can easily loose what you didn't work hard to acquire. But this motivational story has indeed proved that with self control, discipline and determination gamblers can indeed become financially free and also build a business empire that would become a massive employer of labor.

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Smith's story is actually not only about winning at the casino, he was born with a hip joint disease, Calve–Perthes disease and moved around until the age of 10 on crutches. In 1966, he joined the Marine Corps and was in Vietnam twice, so I think it was this fact of his biography and the desire to take risks and put everything on luck that became decisive in his success.

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Quote from: Don Pedro Dinero on July 08, 2022, 11:52:55 PM

The story sucks to be honest. First of all because of the percentage you mention, but is there that much difference between $5,000 and $27,000? If he had said that $5,000 got him $500,000, it would seem to me to be a considerable difference.

And besides, it was the only way he could get that $22,000 difference? I don't know, maybe taking a loan to invest in his company would have made more sense.

The meaning behind the story isn't about the winnings but the motivation he gets from winning in his gambling session. Take note Smith was feeling down due to his company's problem when he went to Las Vegas to play in a Casino. But due to his winnings regardless of the amount, he finds motivation within that experience. And that motivation gives him enough strength to face the company's problem, solved it, and eventually made it a successful venture.

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Gambling have got it the ability to make change in one's life. There is difference between luck and hardwork. What we see with the person mentioned in the OP have got the hardwork. In between he got an opportunity and it gave him a fortune. Even if this wasn't there, we could've seen the same person in his present position or higher.

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Quote from: Viscore on July 11, 2022, 04:43:21 PM

Quote from: GigaBit on July 05, 2022, 01:25:14 AM

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.

Well, not all cases that if we are in the verge of bankruptcy, gambling is the best resort. At least, we need to avoid that kind of mindset. Smith just got lucky because he was able to increase his money in gambling, but accept the fact that most who go into gambling always leave the house with empty pockets. But i would say with Smith, he was able to make a fortune in gambling. Well, gambling may be entertaining in the sense that you temporarily forget your personal problems, but after that if you get lose, you will still go back to your problems unresolved.

It was really just coincidence that he won that time on where he's on the situation where its his last money and ending up his last resort on making those amounts grow and hopeful that he could achieved something out

from that situation where saving up his company via gambling? No it wasnt really be the wisest idea to have and its not recommended and just like on what others been saying that instead of earning then you would rather lost that last money or funds you do have in your pocket which would really be leaving you on being even more broke.

Play for entertainment and leisure and not making gambling as your last option or resort on resolving your problems that you are facing.

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Quote from: GigaBit on July 05, 2022, 01:25:14 AM

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.

Well, not all cases that if we are in the verge of bankruptcy, gambling is the best resort. At least, we need to avoid that kind of mindset. Smith just got lucky because he was able to increase his money in gambling, but accept the fact that most who go into gambling always leave the house with empty pockets. But i would say with Smith, he was able to make a fortune in gambling. Well, gambling may be entertaining in the sense that you temporarily forget your personal problems, but after that if you get lose, you will still go back to your problems unresolved.

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Quote from: Don Pedro Dinero on July 08, 2022, 11:52:55 PM

The story sucks to be honest. First of all because of the percentage you mention

Percentage wise thats like 500% which is a return you wont get outside of illegal activities most places. Also the other factor as a historical story, the Dollar used to be worth a hell of alot more. It was 35 dollars for an ounce of gold so the 27k we are dismissing was tons more back then. As of today's prices the FedEx hombre walked away with about $1.3 million to finance his company which is still a small amount to found an empire but makes alot more sense anyhow.

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Quote from: goldkingcoiner on July 09, 2022, 06:49:14 AM

I think the very idea of becoming wealthy by gambling is a dangerous mindset to have. Anything which seems extremely unlikely (like winning millions or even hundreds of thousands) should not be ideas which you should entertain by risking your money.

Gambling is and always has been just for fun, by my way of thinking.

The more hope you give yourself that something unlikely will happen, the more you keep yourself at the gambling table even during times in which you should walk away once you have made an X amount of losses.

I agree, some people think that only gambling can give them so much money, but they did not think the other consequences. I remember a documentary airs in the public tv channel where it documents a gambler who plays a lot for about 2 decade , always betting in a lottery for that less than 1% chance to win the mega jackpot, he bet everyday even there's no food in their table, that's a bad thinking and it will only give you false hope.

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Quote from: TopT3ns on July 08, 2022, 11:57:41 PM

Quote from: Don Pedro Dinero on July 08, 2022, 11:52:55 PM

~
The story sucks to be honest. First of all because of the percentage you mention, but is there that much difference between $5,000 and $27,000? If he had said that $5,000 got him $500,000, it would seem to me to be a considerable difference.

And besides, it was the only way he could get that $22,000 difference? I don't know, maybe taking a loan to invest in his company would have made more sense.

I think when you keep gambling using borrowed money it's like committing suicide because there is no guarantee you can get a profit from gambling, it's better if you still need money to gamble, then you work and look for money and as much money as possible you use it for gambling. Gambling is not based on debt or the like because when you lose you will lose and be depressed.

Many people try to risk themselves because of the possibility that it can double their money easily but of course not all the time gambling gives a good profit to all player it is all about the guts and risk of the player if they have higher risk of course higher risk rewards of it but if not it might get too much losses that's why always gambling base on what you can afford to lose and control yourself.

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Quote from: Don Pedro Dinero on July 08, 2022, 11:52:55 PM

Quote from: swogerino on July 05, 2022, 01:35:03 AM

Quote from: GigaBit on July 05, 2022, 01:25:14 AM

<...> 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.
<...>

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.

The story sucks to be honest. First of all because of the percentage you mention, but is there that much difference between $5,000 and $27,000? If he had said that $5,000 got him $500,000, it would seem to me to be a considerable difference.

And besides, it was the only way he could get that $22,000 difference? I don't know, maybe taking a loan to invest in his company would have made more sense.

One thing you have to realize that $5000 at the time of 1972-1973 is comparatively much higher according to this stage. At that time he received total $27000 thousand, that can be really appreciable. This amount is not really high but the advantage he got is a big deal. Moreover, another thing that I have said that he took the help of inherited assets and Loan when he started his organization.

Topic: Casino can play a role in changing fortune? - page 4. (Read 1599 times)