Gyroscopic Investing

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?

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.

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. 

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

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..

SmallPotatoes wrote: 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