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52 minutes ago, TheManFromPOST said:

yes,  but there is always a winner

Mm. With similar odds, people die falling out of bed in the morning. Does that mean you never get up?

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2 hours ago, Cybes said:

Mm. With similar odds, people die falling out of bed in the morning. Does that mean you never get up?

hmm...but not doing something essential because something detrimental might happen is very different to doing something non-essential because something beneficial might happen.  would you pay the price of a lottery ticket to avoid bed sores?  the cost-to-benefit ratios dont compare.

here's my attempt:

some people never learn that the house always wins -- even though they keep paying for lessons

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I play the same four games of Powerball each week. I used to play eight games, but when they changed it to include a seventh number and charged more for the reduced odds, I decided to reduce my ticket cost instead. Why do I play? Simply for the chance. It's the only gambling I partake in these days. It costs less than a cup of coffee and I can dream.

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1 hour ago, SacrificialNewt said:

I play the same four games of Powerball each week.

how much does it actually cost for one go?

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6 minutes ago, Jeruselem said:

Canberra is like 40C, windy, and rainy ... sounds like HELL ...

there, i fixed that for you

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12 minutes ago, scruffy1 said:

there, i fixed that for you

Guess where the parents are going ... voluntarily?

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2 hours ago, @~thehung said:

how much does it actually cost for one go?

Well, I bought a quick pick Powerball yesterday for the first time in years . It was a twelve game one cost me $14.50 ... Have been out and about all day ... Oo Oomaybe I won !!... what a HOOT that would be !
I'd be happy with a hundred grand, I'm not greedy

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2 hours ago, @~thehung said:

how much does it actually cost for one go?

It costs $4.80 for four games, so I'll assume $1.20 a game unless there's a tax on the overall ticket purchase.

38 minutes ago, eveln said:

Well, I bought a quick pick Powerball yesterday for the first time in years . It was a twelve game one cost me $14.50 ... Have been out and about all day ... Oo Oomaybe I won !!... what a HOOT that would be !
I'd be happy with a hundred grand, I'm not greedy

Sorry to burst your bubble, but it was a NSW winner. Word is that it was a forty-something year old female. Alas, it wasn't me.

Edited by SacrificialNewt
Bubble, not bottle. Goddammit!

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6 minutes ago, SacrificialNewt said:
44 minutes ago, eveln said:

Well, I bought a quick pick Powerball yesterday for the first time in years . It was a twelve game one cost me $14.50 ... Have been out and about all day ... Oo Oomaybe I won !!... what a HOOT that would be !
I'd be happy with a hundred grand, I'm not greedy

Sorry to burst your bubble, but it was a NSW winner. Word is that it was a forty-something year old female. Alas, it wasn't me.

was a teensy bubble so looks like work and play do not change anytime soon.

 

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gambling is simply weird

on the very rare occasions i played the pokies, i won a few hundred bucks total within a period of weeks, and very little ever after

 

the windfall bought us 2 memberships to the local leagues club, where the food was quite reasonable and easier than cooking - and we wasted change from the bill in the same machines and never won another razoo, but ended up ahead on balance after the initial wins

 

 

somehow i never saw the thrill of potentially winning (losing) money - i'd prefer to play games of chance on a computer for nix, and waste spare time rather than hard-earned cash

 

i can grok lots of addictions, but gambling is way up there with cig smoking as a totally alien attraction

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3 hours ago, scruffy1 said:

on the very rare occasions i played the pokies,

I have stood next to pokie machines for about a minute or so on a few occasions but have yet to put money in one and 'play' it.  I don't like the bell's and whistles and flashing lights . It's an assault of my senses

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15 hours ago, @~thehung said:

how much does it actually cost

$40B.

That's how much the gambling industry slurps out of the Australian economy each year. 

Edited by Kimmo

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Out of the economy. That's such an odd turn of phrase. Like how people talk about how Centrelink payments are taking money 'out of the economy'.

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Gambling is I would think, addictive if what I've read is correct, a producer of endorphins, all the excitement excites the pleasure centers of the brain, guess that is an addictive rush.

Many, many years ago I went through a rather heavy, but fortunately for me lucky gambling phase, mostly dice, some cards.

There is some control of the outcome with cards, dice players, including me at the time, think they have some control over the die, but unless you believe  your mind can influence the outcome of the fall, not really.

I culminated with a big win on craps in Macau, around $25k USD.

Funny feeling, I actually thought I felt Lady Luck flit off.

Have never gambled again from that day to this and never missed it, quit well and truly ahead.

But I really cannot see the attraction of buying a ticket or pulling a handle, very little engagement, I'd feel the same about horses, although perhaps there is some skill and engagement there.

Whatever, I pretty much cured myself - might have been different if I'd lost that night, might have set out to recoup my losses although there was no money of mine at risk on the table that night, a gifted bonus from a boss for a job well done. I played and won, he bet on the tumbling balls of roulette, another mugs game. He came out about even.

He still gambles, I don't.

Cheers

 

 

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1 hour ago, Nich... said:

Out of the economy. That's such an odd turn of phrase. Like how people talk about how Centrelink payments are taking money 'out of the economy'.

No, not like. The fraction of Centrelink payments that end up offshore is relatively minimal. 

And money held by rich folks is well known to be relatively useless to the economy compared with money briefly owned by poor folks. 

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Is there a high proportion of money spent on gambling in Australia that ends up offshore, rather than sitting onshore or being redistributed via winnings and wages and facilities and local taxes?

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gambling is shown to cause the same dopamine reward as other addictions

 

but the main problem is endless supply and legality, enabling the user to go big and not go home

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3 hours ago, Nich... said:

Is there a high proportion of money spent on gambling in Australia that ends up offshore, rather than sitting onshore or being redistributed via winnings and wages and facilities and local taxes?

Okay, it's not easy to get a quick answer on what proportion of gambling companies an Australia are foreign-owned, but as for that redistribution? Pshaw. Have you somehow missed the fact we're living in a golden age for corporate profits?

People talk about that like it's a good thing, but think about it - all that money came out of people's pockets. Do you have any idea what the current and growing levels of inequality mean for the health of an economy, let alone a society? 

Come on, man. Stop playing dumb. 

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Pretty sure online "direct" gambling is illegal everywhere here (as in hosting the sites).  Which is pretty stupid given that someone can equally easily play virtual poker machines offshore and notice no difference.
So in such cases, no money stays here and there's no accountability.

The "smart" thing to do - allow onshore gambling which means there can be auditing and control.  But why bother when all someone has to do is register multiple accounts or use multiple providers.

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1 hour ago, Kimmo said:

Okay, it's not easy to get a quick answer on what proportion of gambling companies an Australia are foreign-owned, but as for that redistribution? Pshaw. Have you somehow missed the fact we're living in a golden age for corporate profits?

People talk about that like it's a good thing, but think about it - all that money came out of people's pockets. Do you have any idea what the current and growing levels of inequality mean for the health of an economy, let alone a society? 

Come on, man. Stop playing dumb. 

You quoted 40b leaving the economy. I'm just trying to work out how much of that is actually leaving the economy.

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It's not leaving, just being redistributed.

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When I worked the industry, the biggest source of loss was the Horsies.  

Now, the biggest pain point is poker machines.  This is true.  I have no doubt there.  

But with horsies, someone can sink $100k in a single bet.  You can't do that on a pokie.  

But with pokies, it tends to be those that don't have $100k to sink.  So it hits them hardest.  

Money definitely leaves Australia.  Macau really benefits.  

I'll leave it there.  

------------------------------------------------------------

Fiddling around with a Raspberry Pi and creating a pihole.  
Quite frankly, their instructions are shithouse.  Whoever wrote them should stick to engineering, no technical writing.  

No I won't volunteer.  Unless they offer me $150k/year.

 

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I get more money out of the lotto people than the local Casino anyway. At least with lotto, they tell you your chances of winning are pretty low up front.

Edited by Jeruselem

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With Lotto it's sort of variable odds since the prize pool is usually different and you have the divisor based on how many people enter/win each division.

But regardless, the government almost always "wins" since there's that 20% or whatever scooped off the top.

There used to be draws that were artificially inflated by jackpot pools deliberately generated from previous draws, but don't know if they do that any more.

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