Sports Betting & Gambling

[SmallPotatoes]

Are either a reasonable way to use VP money?  Clearly they are highly speculative 'investments', but consider roulette or picking the winner of a boxing match. In both cases you can essentially have a 50/50 shot of going home with double your money (or losing it all).

Suppose one budgets $100.00 gambling money each month. Worthwhile or just expensive thrills? I believe this sort of VP might be a perfect compliment to the conservative PP. Thoughts?

[MediumTex]

I think that a person would have to take a hard look at his own past gambling performance to evaluate whether this would be a good idea. 

If a person has shown a consistent ability to win in sports or any other betting, then I suppose it could make sense to continue doing something that worked.  However, I think it is more common for gambling to be a form of entertainment that is rarely consistently profitable.

[Pkg Man]

I agree completely with MediumTex.  For games of chance such as roulette, which I love to play, the house will always win in the end.  And although I detest State lotteries I think that would be a better fit with the spirit of the VP - high potential payoff, and by definition, limited to money you can afford to lose. 

[SmallPotatoes]

Thanks. Just wondering how to view my next Vegas vacation.

[l82start]

you could try poker, with skill and luck you can have some fun, learn something, and possibly make a small profit,

i spent a bit of time playing online no hold-em and i think i learned a lot about how to think about risk, the psychology of gambling and most importantly bankroll management,  keeping a bankroll and growing a bankroll (even in the penny and nickel games i played ) is not easy, but it is a game where skill and good money management will out pace luck over the log term..

[MiniB]

Are either a reasonable way to use VP money?  Clearly they are highly speculative 'investments', but consider roulette or picking the winner of a boxing match. In both cases you can essentially have a 50/50 shot of going home with double your money (or losing it all).

Suppose one budgets $100.00 gambling money each month. Worthwhile or just expensive thrills? I believe this sort of VP might be a perfect compliment to the conservative PP. Thoughts?

At the very best it's going to be a 49-51 chance because the house gets their cut.  In roulette theres 2 green numbers in there so even if you pick black or red it's not 50-50