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	<title>Comments on: Person-to-Person Loans vs. Gambling Away Wealth</title>
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	<description>The Official Lending Club blog</description>
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		<title>By: Bryce Nelson</title>
		<link>http://blog.lendingclub.com/2007/11/05/person-to-person-loans-vs-gambling-away-wealth/#comment-296</link>
		<dc:creator>Bryce Nelson</dc:creator>
		<pubDate>Wed, 07 Nov 2007 16:24:47 +0000</pubDate>
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		<description>I have lived my entire life in Las Vegas and each year I see more
and more casinos, each one bigger and more lavish than the
previous. What this should tell everyone is that these casinos are
making big money not loosing. They know the odds and they are
stacked in their favor. Over time you can&#039;t win. Growing up my best
friends father was addicted to gambling. Some days he would come
home and give my friend hundreds of dollars because he had just won
thousands and then later that week my friend would tell me how his
father had lost his entire paycheck that night. His gambling led to
divorce and also to the loss of his home. It distroyed my best
friends family. The casinos are out to make money and they are
willing to destroy you in the process. It does not suprise me that
they would not give the winnings because of a machine malfunction.</description>
		<content:encoded><![CDATA[<p>I have lived my entire life in Las Vegas and each year I see more<br />
and more casinos, each one bigger and more lavish than the<br />
previous. What this should tell everyone is that these casinos are<br />
making big money not loosing. They know the odds and they are<br />
stacked in their favor. Over time you can't win. Growing up my best<br />
friends father was addicted to gambling. Some days he would come<br />
home and give my friend hundreds of dollars because he had just won<br />
thousands and then later that week my friend would tell me how his<br />
father had lost his entire paycheck that night. His gambling led to<br />
divorce and also to the loss of his home. It distroyed my best<br />
friends family. The casinos are out to make money and they are<br />
willing to destroy you in the process. It does not suprise me that<br />
they would not give the winnings because of a machine malfunction.</p>
]]></content:encoded>
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		<title>By: Matthew Vea</title>
		<link>http://blog.lendingclub.com/2007/11/05/person-to-person-loans-vs-gambling-away-wealth/#comment-295</link>
		<dc:creator>Matthew Vea</dc:creator>
		<pubDate>Tue, 06 Nov 2007 14:59:55 +0000</pubDate>
		<guid isPermaLink="false">http://blog.lendingclub.com/2007/11/05/gambling-away-wealth/#comment-295</guid>
		<description>You know what&#039;s interesting ... &quot;machine failures&quot; only exist when
the casino realizes it has to pay out. It would be interesting to
know how many &quot;machine failures&quot; resulted in a player NOT winning
when they should have. Only a skilled auditor would ever be able to
tell. Furthering that thought, a machine based on random behavior
really can&#039;t fail - unless it was never random in the first place.
And by that, I mean &quot;scheduled&quot; to win and lose.</description>
		<content:encoded><![CDATA[<p>You know what's interesting ... "machine failures" only exist when<br />
the casino realizes it has to pay out. It would be interesting to<br />
know how many "machine failures" resulted in a player NOT winning<br />
when they should have. Only a skilled auditor would ever be able to<br />
tell. Furthering that thought, a machine based on random behavior<br />
really can't fail - unless it was never random in the first place.<br />
And by that, I mean "scheduled" to win and lose.</p>
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