Wednesday, July 18, 2007

So when do you cut your losses?

Inspired by Bri's posts on craps..

Let's say you start with $100 and bet on the pass line. Perhaps you play the odds, make some place bets, but the table is just too cold. You take out another $100. Lose that. Then pull out $200 just in hopes of turning it around, and at some point, all you want to do is break even. It doesn't happen. So what do you do? Do you walk away, cut your losses? Play the dark side? Do you embrace your gambling problem, and decide to walk over to the ATM and pull out that extra $400 you didn't plan on gambling away in the first place?

You invest time and effort on something and its not turning out the way you want, when do you walk away? When do you realise that enough is enough and its time to cut your losses? Or do you keep the faith and hope there's a shift in the wind that will blow wind into the sails? Maybe change the strategy? Play the "Dark side?"

I just came back from the ATM and put money on the "Don't pass line." Guess what?
Come out roll turned out to be a 3.

Could things be looking up?

Parallelism on relationships? Perhaps. Cryptic? Indeed.
Portuguese

3 comments:

dk said...

outside of the casino, in the game of life, i say hedge your bets. don't put it all your eggs in one basket. have protection. that is, until you have a sure thing.

brian james said...

keep your options open. even though the field is not the best bet... "play the field"... you're just adding to your potential for success.

when i play craps, i set a limit. it's enough to feel like i had a good fill, but not too much that i feel like i wasted some time and money. if you reach the limit, it's time to move on.

Renato Tosoc said...

"Play long enough, you never change the stakes. The house takes you. Unless, when that perfect hand comes along, you bet and you bet big, then you take the house."

-Danny Ocean