Gambling For Profit

[Anonymous]

I got your gambling for profit shit right here.



http://www.drudge.com/news/205107/slot- ... 43-million">http://www.drudge.com/news/205107/slot-machine-tells-woman-she-won-43-million[/url]

It's not her mistake though. The casino should pay up.

[Anonymous]

I got your gambling for profit shit right here.



http://www.drudge.com/news/205107/slot- ... 43-million">http://www.drudge.com/news/205107/slot-machine-tells-woman-she-won-43-million[/url]

I think they will not get off with just a steak dinner.

[shin]

Actually, I think they made a law years back that protects casinos in cases of malfunctioning slots machines and other mishaps that they can claim "favored a sizeable win in error". I read a story a while ago where people kept winning consecutive hands at blackjack and the casino got out of paying the winners.

It seems even casino gambling can net a profit if you don't get too greedy. You have to know when to quit, or you'll lose a lot more than you bargained for.



I think banks are the biggest gambling institutions that could ever exist.

Can you explain that shin?

Banks use the money you have in your account to invest in stocks. Of course, they rarely lose much since they have insider information being fed to their investors. That's one reason they will never go broke paying even people with large account balances interest. they do make a pretty penny charging overdraft fees, also.



I could be wrong, but I don't think I am.

[shin]

Here are some other news stories where someone got cheated out of what appeared to be successful wins.



http://www.storm2k.org/phpbb2/viewtopic.php?t=81798">http://www.storm2k.org/phpbb2/viewtopic.php?t=81798



http://abcnews.go.com/TheLaw/story?id=3772215">http://abcnews.go.com/TheLaw/story?id=3772215



https://www.techdirt.com/articles/20070125/000836.shtml">https://www.techdirt.com/articles/20070125/000836.shtml

[Anonymous]

Banks use the money you have in your account to invest in stocks. Of course, they rarely lose much since they have insider information being fed to their investors. That's one reason they will never go broke paying even people with large account balances interest. they do make a pretty penny charging overdraft fees, also.



I could be wrong, but I don't think I am.

In other words they operate like a pension fund?



I do know Canada has some of the most stable banks in the world..



I hope our resident financial guy, seoulbro wades in on this topic.

[shin]

Banks use the money you have in your account to invest in stocks. Of course, they rarely lose much since they have insider information being fed to their investors. That's one reason they will never go broke paying even people with large account balances interest. they do make a pretty penny charging overdraft fees, also.



I could be wrong, but I don't think I am.

In other words they operate like a pension fund?



I do know Canada has some of the most stable banks in the world..



I hope our resident financial guy, seoulbro wades in on this topic.

They're not really supposed to "gamble" your monetary assets, but it gets through a legal loophole and they are able to return your cash, plus interest you have accumulated, so most people wouldn't coimplain.



It's a great way to profit from wealth if you just leave a large lump sum of money in a high yield interest fund account until it gets to be sizeable. Theoretically, you could gather the funds of many willing people into a shared account and split the profits.