Quotes on Gambling

When people think there's easy money available, they're not inclined to change.

Any time you offer a big prize for a small amount of money, you encourage stupid behavior on behalf of those you're appealing to.

The way I would think about risk aversion is most people would not want to toss a coin for their entire net worth.

The first task of the bargain hunter is to narrow the field and separate the solid prospects from the ones that are counting on hopes, prayers, and miracles.

Avoid long shots. I've bought about 30 long shots in my life. I've never broken even on one.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.

The game of professional investment is intolerably boring and overexacting to anyone who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll.

Gambling is a tax on ignorance. People often gamble because they think they can win, they're lucky, they have hunches, that sort of thing, whereas in fact, they're going to be remorselessly ground down over time.

Casino gambling with a system where you have the edge is a wonderful teacher for elementary money management.