|I Never Win|
This morning I was at the car dealers getting routine maintenance done on my new car. In conversation with the service manager I explained that I was having the oil change done a few miles earlier than required because I was driving to Atlantic City. This caught the interest of his assistant who asked if I played blackjack. I told him that I did play blackjack and I also wrote about the games. I introduced my self and told him about this website.
He then said, "I like to play but I never win."
Before I could say a word he added. "I was on a cruise last month and I was playing in the casino. I bought in for $40 and was up $100 but lost."
I said, "Wait a minute. You said you never win but you just told me you were up $100 after buying in for forty dollars. That's a win!"
He replied, "But I was only playing for twenty minutes and we were out to sea and there was nothing else to do, so I wanted to play some more."
I told him he could have played some more and still left a winner. He looked puzzled and asked me how.
I said all he had to do was to lock up a profit. He bought in for $40 and had $140 after twenty minutes. He could have put ninety dollars in his pocket and played still had fifty dollars to play with, which was ten dollars more than his original buy-in.
I went on to explain that what separates a winner from a loser is the ability to walk away from the table.
A winner will guarantee himself a win by locking up a profit while a loser will give back any profits and usually the most of the original buy in as well.
I can't count the number of times a person has come up to me and said they never win at the casino. I always ask if they were ahead at any point during their visit. Many times the person will admit that they were ahead but...
They had just gotten to the casino.
They felt lucky.
Their friends didn't want to leave yet.
They thought they could win more.
It's easy to walk when all your money is gone. Its harder to quit while you are ahead. If you are ahead, lock up you buy-in and a small profit. Play with the excess and when that is gone, get up and take a break. Learn to savor a win. Walk around or get something to eat.
Its not that mot people never win, It's just that they never leave with their winnings.
Until next time,
"Luck comes and goes...Knowledge stays forever."