How much money have you won or lost?

I bought 3 squares at $500 each for the Superbowl and of course I lost as usual…

4 Likes

I consider this a win…I think a couple years ago there was a lawsuit against Facebook and I signed up for it…I thought nothing of it and thought it was a scam…Well anyway this check came in the mail about a month or so ago…I cashed it and it didn’t bounce…Did anyone else get paid?

9 Likes

^^haha. Nice!

I’m pretty good on lottery tickets. I feel magnetically attracted to tickets when I think they are going to win. I’m usually good for $50-$100. Once I hit for $500. My spider senses will generally have me breaking even on a ticket instead of losing money.

I’m pretty good at poker. I’ve played a couple of local knock out games and made it to the end table several times but didn’t have the stack to keep up with the ante’s.

4 Likes

I won 250 bucks on a 50cent pull tab at the bowling alley in the late 80’s. I lost my rent money one time playing video poker like 15 years ago. Learned my lesson gambling is not my gig. :slight_smile: :slight_smile:

7 Likes

Where do options trades fall in the realm of gambling lol???

3 Likes

Options trading is gambling with borrowed money. Just like a casino, in the markets you’re betting against the house - the market makers - and the house always wins, on average, otherwise the house wouldn’t be letting you play. Long-term investing with options is prohibitively expensive due to the cost of leverage, so they’re only suitable for short-term plays, intensifying the gambling aspect; buy and hold can cost you more than you make even if the asset gains in value, never mind inflation-adjusted.

5 Likes

Just to clarify…

You can trade options without margin.
You can sell options on stock you own or don’t own as long as you have appropriate collateral. Options were originally intended as insurance for stock positions you own.

But yeah it is a bit of a gamble, as such is life. Selling covered calls has been my bread and butter of late. But Its also true you can make or lose quite a bit of money

5 Likes

Fair enough… if you’re selling options yourself, I suspect you already knew the answer though. :stuck_out_tongue: It’s good for some extra money on top of dividends and capital gains if you’re making money anyway; if the market catches you by surprise, I expect it could get very painful. Still basically leverage, as it’ll magnify the normal market moves, but not quite as dangerous - at least you can’t go into debt.

2 Likes

The into debt part is the most important of all of this.

I really enjoy the market even when it doesn’t like me back

2 Likes

Every time I don’t play the lottery, I win a dollar, lol

6 Likes

I have a knack for finding cash on the ground. Found $100 bill in high school after tripping at a school field trip, on my way to work riding my bike.

Last year found what I thought was just a random $20 while driving a neighborhood street, turned out to be $540 in $20s.

Won a $100 buy in poker game in poker, take was $1000 and bought an old beater s10 w it that lasted me a few years.

Put $20 in an ABQ casino electronic craps machine, returned it into $200+, then found $160 in cash on my way back to the hotel room laying on the ground.

I’ve lost plenty, probably never more than $200 at a time tho. Went to Vegas for the first time last year and probably blew a grand in 3 days gambling without much luck to speak of.

4 Likes

Here you go…we could all loose $2 each or win 810 million dollars on tonight’s Mega Million drawing folks…

6 Likes

I won one of those screw off the lid soda contests once. It was a prestigious award.

1 Like

Also who goes by “goat?”

3 Likes

An old Korean War Veteran…he’s been known as Goat since he was a kid…

1 Like

I have the winning numbers
I could share

Not the largest winning, but the best odds on a winning wager. 35/1 bets rarely hit, hence the modest wager :rofl:

3 Likes

We all lost $2 each so we’re giving it another shot for tonight’s drawing…1.2 Billion

6 Likes

If @PhilCuisine wins a billion dollars he better throw the rockingest OG party ever. I’m talking private jets to fly us all in, boats, croquet and obviously killer food.

And a clown that makes those balloon animals. I want one of those poodles.

4 Likes

It’s only 600 million before taxes if you take a lump sum or 34 million a year for the rest of your life I think…no one on that list is under 58 yrs. old so we will probably take the lump sum…

3 Likes