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To: Robert Goosmann who wrote (4167)	12/10/1997 10:58:00 PM
From: chmaj	Respond to of 27307

Here is the answer to your question: I am a compulsive daytrader/gambler, but I never visit casinos, since the games offered there are, mathematically speaking, not fair. I.e., the longer you play the greater the probability you will lose everything. With stocks, it could be different, if they were traded in auction style, like they are on nyse. However, nasdaq stocks are so manipulated by mm's (like yhoo), that the game is not fair either.

To: Robert Goosmann who wrote (4167)	12/10/1997 11:07:00 PM
From: Mama Bear	Respond to of 27307

>>>Do many of you gamble on sports or visit casinos <<< Well, I've quit them all. The ponies as well. The bookies in the sports book takes to big a % to make a profit. Casinos are rigged so you have to lose. Why bet a dollar if all you can get back is 96%? The racetrack would be acceptable, but the gov't got greedy. They take 25% of every dollar out of the purse. Then the track has a cut. It adds up to an insurmountable handicap. The horse track is most comparable to the stock market. You bet on past performance, the quality of the thoroughbred, and other known quantities. Betting on a stock is not just a turn of the cards or a roll of the dice. And the % the brokers take is so small as to be meaningless (well, almost). Barb