"Understand why casinos and racetracks stay in business - the gambler always loses over the long term"
- Marilyn vos Savant
About this Quote
This quote by Marilyn vos Savant is a reminder that betting is a dangerous activity and that the odds are always in favor of your house. It is a cautioning to bettors that, in the long run, they will always lose more money than they win. This is because your house has an integrated advantage, called your home edge, which guarantees that the gambling establishment or racetrack will constantly earn a profit. Your home edge is the difference in between the true chances of a video game and the chances that the gambling establishment or racetrack pays out. This suggests that, even if a bettor wins in the short-term, they will ultimately lose in the long run. This quote is a reminder to gamblers to be familiar with the threats connected with betting and to comprehend why gambling establishments and racetracks remain in service.
"Raising children is an incredibly hard and risky business in which no cumulative wisdom is gained: each generation repeats the mistakes the previous one made"
"Architects are pretty much high-class whores. We can turn down projects the way they can turn down some clients, but we've both got to say yes to someone if we want to stay in business"
"Discourage litigation. Persuade your neighbors to compromise whenever you can. As a peacemaker the lawyer has superior opportunity of being a good man. There will still be business enough"
