The Science and Reality of Money
Warren Buffet, one of the world’s most successful stock brokers, started with a “bankroll” of $100,000 and got wealthy by creating a portfolio of stocks that consistently earned 23% per year. Let’s translate his success to gambling.
Say you have a $100 buy-in. If you were to gamble for one full year and win $23, percentage-wise you too could achieve Mr. Buffet’s billionaire status. In Mr. Buffet’s world, you double your money about once every 4 years.
Notice, if you invested that same $100 in the bank you would have earned only $2.70 at the current 2.7% interest rate... doubling your money about every 35 YEARS or so. This is the standard of reality today.
The question is, if you took your $100 to Las Vegas on a gambling junket and won $23 shooting craps or playing blackjack, would you feel that it was “good enough” that you were winning Mr. Buffet’s level and take your money... or, would you suddenly feel you were invincible and “go for the gold”?
The real question is, do you think you can beat Mr. Buffet at his own game? Do you think you can go far beyond the reality of the market place or the casino? Or as Clint Eastwood said, “Do you feel lucky today, Punk? Well, do ya?”
The tendency of human nature is, of course, to keep playing and shoot for the moon or lose it all trying... the “ALL OR NOTHING” mentality. Rags to riches, sink or swim. There is also a second tendency of human nature working against us and for the house. This is our ingrained value system that says “the longer and harder we work the more we make” or... money is a function of time.
Both tendencies are, in the casino world, exactly 180 degrees OPPOSITE absolute reality which says: that although it is possible to catch extended runs occasionally, it is INEVITABLE that the longer you play the better the odds are that the house will grind you out. This is the STANDARD OF REALITY at the casino.
It takes discipline to conform to the reality of the casino. Remember, Mr. Buffet’s 23% “win” is over ONE YEAR. You can make your $23 in a matter of minutes. You are already far, far beyond Mr. Buffet’s “meager” or “humble” win rate by about 364 days and them some.
Why would you jeopardize this win? You are already well above any STANDARD known today. The question always remains whenever you gamble: Are you satisfied with attaining this reality or are you going to fall to the casino’s snare? Can you fight human nature through our departure rules? The Benson Systems give you the science to do it in the casinos. So are you listening, Mr. Buffet...? There’s a new game in town and the Benson players are having all the fun!